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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:03 EDTKATE, KMPStocks with implied volatility below IV index mean; KATE KMP
Stocks with implied volatility below IV index mean; Kate Spade (KATE) 38, Kinder Morgan Energy (KMP) 20 according to iVolatility.
News For KATE;KMP From The Last 14 Days
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October 31, 2014
11:21 EDTKMPKinder Morgan places Sierrita pipeline in service
Kinder Morgan Energy Partners (KMP) announced that the fully subscribed Sierrita Pipeline has begun service. The approximately 60-mile, 36-inch diameter pipeline provides approximately 200 million cubic feet per day of firm transportation capacity and extends from El Paso Natural Gas’ (EPB) existing south mainlines near Tucson, Arizona, to the U.S.-Mexico border near Sasabe, Arizona. The Sierrita Pipeline interconnects via a new international border crossing with a new natural gas pipeline in Mexico. It will help Mexico meet its environmental goals of converting existing fuel-oil-fired power generation plants to efficient, clean burning natural gas and provide natural gas for future power plants. The project was built in partnership with MGI Enterprises US LLC, a wholly owned affiliate of Pemex Gas y Petroquímica Básica, a subsidiary of Petróleos Mexicanos, the Mexican state-owned oil and gas company, and MIT Pipeline Investment Americas, Inc., a subsidiary of Mitsui & CO., LTD (MITSY).
October 30, 2014
10:02 EDTKATEOn The Fly: Analyst Initiation Summary
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06:00 EDTKATEKate Spade initiated with a Neutral at Mizuho
Target $28.
October 24, 2014
10:03 EDTKMPOn The Fly: Analyst Downgrade Summary
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07:50 EDTKMPKinder Morgan Energy downgraded to Hold from Buy at Argus
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07:34 EDTKMPNEB prevents City of Burnaby from blocking Trans Mountain
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October 21, 2014
07:26 EDTKMPKinder Morgan pipeline faces opposition from native tribes, Reuters says
Kinder Morgan's plans for a Canadian pipeline expansion worth $4.8B is now up against lawsuits from indigenous communities who are aiming to use the courts to hinder the proposed oil pipeline, according to Reuters, citing comments from Grand Chief of the Union of British Columbia Indian Chiefs Stewart Phillip. Reference Link
October 20, 2014
13:10 EDTKATESteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.

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