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Stock Market & Financial Investment News

News Breaks
February 14, 2014
05:55 EDTKO, KO, KO, KO, WM, WM, WM, WM, NHI, NHI, NHI, NHI, NCLH, NCLH, NCLH, NCLH, MDT, MDT, MDT, MDT, HTA, HTA, HTA, HTA, DSX, DSX, DSX, DSX, CMLS, CMLS, CMLS, CMLS, CHH, CHH, CHH, CHH, WWW, WWW, WWW, WWWNotable companies reporting before Tuesday's open
Notable companies reporting before Tuesday's open, with earnings consensus, include Coca-Cola (KO), consensus 46c; Choice Hotels (CHH) consensus 46c; Cumulus Media (CMLS), consensus 8c; Diana Shipping (DSX), consensus (6c); Healthcare Trust of America (HTA), consensus 17c; Medtronic (MDT), consensus 91c; Norwegian Cruise Line (NCLH), consensus 18c; National Health Investors (NHI), consensus 18c; Waste Management (WM), consensus 60c; Wolverine World Wide (WWW), consensus 20c. The Fly notes that in observation of the Presidents' Day holiday, U.S. markets will be closed on Monday, February 17.
News For KO;CHH;CMLS;DSX;HTA;MDT;NCLH;NHI;WM;WWW From The Last 14 Days
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January 30, 2015
11:59 EDTWWWDeckers Outdoor plummets after missing Q3 estimates, cutting outlook
Shares of casual apparel and footwear maker Deckers Outdoor (DECK) are sinking after the company's third quarter results missed analysts' expectations. The company also lowered its outlooks for the fourth quarter and fiscal year 2015. WHAT'S NEW: Last night, Deckers Outdoor reported Q3 earnings per share of $4.50 and revenue of $784.7M, trailing analysts' consensus estimates of $4.52 and $813.7M, respectively. Direct-to-Consumer comparable sales increased 7.6% over the same period a year ago. UGG brand sales increased 6.5% to $736M, compared to $690.9M for the same period last year. E-Commerce sales increased 25.2% to $146.9M compared to $117.3M for the same period last year. Gross margin increased 180 basis points to 52.9% compared to 51.1% for the same period last year. Deckers also announced that its board of directors approved the repurchase of an additional $200M of the company's common stock. WHATíS NOTABLE: Looking ahead to Q4, Deckers Outdoor cut its EPS view to 0c from 15c, well below analysts' consensus estimates of 13c. The company still expects Q4 revenues to increase approximately 10% over the year-ago period, versus analysts' estimates $327.17M. The company cited gross margin pressure from foreign currency exchange rates for the weak forecast. Additionally, Deckers lowered its FY15 EPS view to $4.58 from $4.71, well short of the consensus of $4.77. The company also cut its FY15 revenue outlook to approximately $1.8B, down from the previous guidance of approximately $1.825B, trailing analysts' consensus estimates of $1.83B. Deckers now sees FY15 UGG Brand revenues up approximately 11% over last year, down from previous guidance of approximately 14%, and sees FY15 Teva and Sanuk brand revenues up low double digits over the year-ago period. The FY15 guidance assumes a gross profit margin of approximately 49%, an operating margin of approximately 12.5% compared to previous guidance of approximately 13% and an effective tax rate of approximately 27% compared to previous guidance of 29%. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Telsey Advisory downgraded Deckers Outdoor to Market Perform from Outperform following the Q3 report due to the UGG shortfall and lack of near-term catalysts. Telsey also lowered its price target on the shares to $80 from $98. Conversely, Jefferies said Deckersí risk/reward is favorable at current levels. Jefferies said it continues to view Deckers Outdoor as a "compelling investment opportunity" despite the Q3 sales miss. It believes the UGG brand is "still a winner" and that the company has lots of opportunity to expand margins. The firm lowered its price target for Deckersí shares to $110 from $130 and kept a Buy rating on the name. Susquehanna, which has a Positive rating but lowered its price target to $83 from $117, believes the weakness in Deckers Outdoor shares is overdone. The firm sees a stock buyback as a possible near-term catalyst, as well as the potential for a dividend as supporting the shares. PRICE ACTION: In late morning trading, Deckers Outdoor fell $15.05, or about 18.3%, to $67.22 on nearly six times its average daily trading volume. Including todayís pullback, the stock has lost approximately 13% over the past twelve months. OTHERS TO WATCH: Other casual apparel/footwear makers include Skechers USA (SKX), down 2%, Wolverine World Wide (WWW), down 2.16%, Rocky Brands (RCKY), down 2.85%, and Crocs (CROX), down 0.75%.
06:45 EDTMDTSome suggest doctors could be using stents too often, NY Times reports
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January 29, 2015
09:37 EDTKOActive equity options trading
Active equity options trading according to Track Data: AAPL FB KO NFLX PFMT GILD YHOO TSLA MCD
January 27, 2015
08:48 EDTDSXDiana Shipping announces time charter contract for m/v Melite with Glencore
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08:42 EDTMDTMedtronic coverage resumed with a Buy at Goldman
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07:29 EDTKOPepsi launches naturally-sweetened Pepsi True in three states, WSJ says
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January 26, 2015
17:06 EDTMDTMedtronic completes acquisition of Covidien for $49.9B
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09:56 EDTKOBofA/Merrill food/beverages analysts to hold an analyst/industry conference call
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07:17 EDTMDTSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTMDTMedtronic pending acquisition of Covidien approved by Irish High Court
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January 23, 2015
16:33 EDTMDTMedtronic reports 5.1% passive stake in Intersect ENT
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15:46 EDTMDTPiper Jaffray's medtech analysts hold an analyst/industry conference call
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08:36 EDTMDTMedtronic receives FDA approval for for the Medtronic Enterra II System
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January 21, 2015
18:06 EDTMDTS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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January 20, 2015
09:38 EDTKOActive equity options trading
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07:25 EDTCMLSNoble Financial to hold a conference
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