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Stock Market & Financial Investment News

News Breaks
March 10, 2014
07:43 EDTRL, KATEKate Spade looks to grow to rival Ralph Lauren, NY Post says
Kate Spade (KATE) is looking to quadruple retail sales to $4B by growing itself into a global brand that offers everything from apparel to home goods, akin to Ralph Lauren (RL), reported the New York Post, citing Kate Spade CEO Craig Leavitt. Reference Link
News For KATE;RL From The Last 14 Days
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May 18, 2015
10:36 EDTKATEKate Spade partnering with start-up on iPhone charging accesories, WSJ reports
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May 17, 2015
13:59 EDTRLRalph Lauren shares could return 15%-20% in 12-18 months, Barron's says
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May 15, 2015
10:20 EDTRLOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK ARWR CTRP RAX KING AOL WPZ RL Z MBI
May 14, 2015
19:17 EDTKATEKate Spade can climb 40%, Barron's says
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10:00 EDTKATEOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
09:22 EDTKATEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perry Ellis (PERY), up 11.5%... Ctrip.com (CTRP), up 13.4%. ALSO HIGHER: AcelRx (ACRX), up 10.3% after being awarded contract worth up to $17M from Defense Dept to advance ARX-04... Oncothyreon (ONTY), up 16.9% after ASCO presentation data released... CYREN (CYRN), up 14.6% after announcing agreement with Dell.... Discovery Laboratories (DSCO), up 5.2% after Aerosurf shows positive Phase 2a data... Kate Spade (KATE), up 3.9% after being initiated with an Outperform at Wedbush. DOWN AFTER EARNINGS: Digital Ally (DGLY), down 16.4%... Kohl's (KSS), down 10.2%... VOXX (VOXX), down 8.1%... Cosi (COSI), down 7.3%. ALSO LOWER: Biotechnology (PBYI), down 15.1%% after Neratinib data published in ASCO abstract... Gevo (GEVO), down 10.7% after 4.3M share Spot Secondary priced at $4.00.
07:41 EDTRLUSPA gets favorable ruling in trademark fight with Ralph Lauren, Reuters says
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May 13, 2015
16:17 EDTKATEKate Spade initiated with an Outperform at Wedbush
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09:21 EDTRLOn The Fly: Pre-market Movers
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08:07 EDTRLRalph Lauren sees forex, global consumer spending remaining 'unpredictable'
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08:07 EDTRLRalph Lauren seesn Q1 consolidated net revenues flat in constant currency
In the first quarter of Fiscal 2016, the Company expects consolidated net revenues to be flat in constant currency, as retail segment growth is offset by a decline in wholesale revenue which is impacted by our customers’ receipt plans due to an earlier Easter this year. Based on current exchange rates, foreign currency will have an approximate 600 basis point negative impact on revenue growth in the first quarter of Fiscal 2016. Operating margin for the first quarter of Fiscal 2016 is expected to be approximately 600-650 basis points below the comparable prior year period, primarily due to negative foreign currency effects, the quarterly revenue growth profile and timing of expense savings initiatives. The first quarter tax rate is estimated at 30%.
08:06 EDTRLRalph Lauren sees FY15 consolidated net revenue up mid single digits
The company currently expects consolidated net revenues for Fiscal 2016 to increase by mid-single digits in constant currency. The company says, "Based on current exchange rates, foreign currency will have an approximate 450 basis point negative impact on Fiscal 2016 revenue growth. Operating margin for Fiscal 2016 is currently expected to be 180-230 basis points below the prior year’s level due to negative foreign currency effects. The full year Fiscal 2016 tax rate is estimated at 30%. Capital expenditures are planned at approximately $400-$500 million in Fiscal 2016. This guidance excludes restructuring and other one-time related charges associated with our global brand reorganization. We expect these charges to be approximately $70-100 million over the course of Fiscal 2016."
08:06 EDTRLRalph Lauren board authorizes additional $500M stock repurchase program
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08:05 EDTRLRalph Lauren reports Q4 EPS $1.69 ex-foreign currency impacts, consensus $1.32
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May 12, 2015
15:00 EDTRLNotable companies reporting before tomorrow's open
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14:11 EDTRLRalph Lauren technical comments before earnings
The shares have been in decline for the prior year, but ahead of earnings have entered a consolidation phase. That range is largely contained within the bounds of $130 to $140. Those two extremes of the range can help us understand where price may go following earnings. A breakout above $140 on better than expected news would turn the dominant downtrend to neutral. A rise above $149.16 would set the trend to bullish in the short-term, with next resistance at $153.27. That level is the bottom of the bearish gap down from February. A move further up into the gap would be bullish. If the news is bearish and the low of the range at $130 is taken out on the downside, it would signal a resumption of the downtrend. In that event next support would be at $127.29, which is the 52-week low. A breakdown below the 52-week low could see the following support levels become potential downside objectives depending on the degree of negative surprise: $122.98, $117.29, and $111.65.
09:38 EDTKATEKate Spade weakness creates buying opportunity, says Sterne Agee CRT
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May 8, 2015
16:36 EDTKATEStocks end week higher as jobs data, M&A boosts shares
Stocks finished the week higher as favorable U.S. jobs data and significant M&A news boosted the major averages. MACRO NEWS: Weekly jobless claims and nonfarm payrolls for April both beat expectations. The U.S. unemployment rate fell to 5.4% from 5.5%. Other U.S. economic data points were mixed, as a services sector index for April beat expectations, while factory orders for March were in-line with the consensus estimate... Fed Chairman Janet Yellen said that high equity valuations could pose potential dangers... In China, exports fell 6.2% and imports slid 16.1% in April, according to government data... In Europe, the Conservative party succeeded in a surprise election victory in the U.K. and David Cameron will return as prime minister. Elsewhere in the region, a report showed that industrial production in Germany unexpectedly declined 0.5% in March. COMPANY NEWS: Yelp (YELP) rallied after Dow Jones reported that the company is looking to sell itself... Bloomberg reported early in the week that Microsoft (MSFT) was considering a bid for software as a service provider Salesforce (CRM). However, Reuters reported today that Microsoft isn't currently interested in buying the cloud company... Agricultural products maker Monsanto (MON) confirmed that it had made a bid to acquire Syngenta (SYT) for 449.00 CHF per share. Switzerland based Syngenta, which develops crop protection and seed products, turned down the offer, which it believes undervalues the company... McDonald's (MCD) said it would restructure its business into four segments, accelerate the pace of its refranchising and reach the top end of its three year $18B-$20B cash return to shareholders target by the end of 2016... Cisco (CSCO) announced that Chuck Robbins would take over as CEO and that John Chambers would assume the role of executive chairman on July 26... Among the companies whose stocks fell following their earnings reports were organic foods supermarket chains Whole Foods (WFM) and Sprouts Farmers Markets (SFM) and accessories designer Kate Spade (KATE). Conversely, the shares of Herbalife (HLF) and data analytics tool provider Tableau (DATA) advanced after their quarterly reports. INDEXES: For the week, the Dow rose 0.9% to 18,191.11, the Nasdaq fell 0.05% to 5,003.55, and the S&P 500 gained 0.36% to 2,116.10.
11:18 EDTRLRalph Lauren May volatility elevated into Q4 and outlook
Ralph Lauren May call option implied volatility is at 52, June is at 29, October is at 26; compared to its 90-week average of 27, suggesting large near term price movement into the expected release of Q4 results on May 13.

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