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Stock Market & Financial Investment News

News Breaks
May 27, 2014
20:25 EDTKORS, KORS, TOL, TOL, DSW, DSW, CHS, CHS, CBRL, CBRL, BWS, BWSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Michael Kors (KORS), consensus 68c; Toll Brothers (TOL), consensus 26c; DSW (DSW), consensus 48c; Chico's FAS (CHS), consensus 28c; Cracker Barrel (CBRL), consensus $1.22; Brown Shoe (BWS), consensus 31c.
News For KORS;TOL;DSW;CHS;CBRL;BWS From The Last 14 Days
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November 20, 2014
14:36 EDTDSWDSW December volatility elevated into Q4 and outlook
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07:19 EDTKORSMichael Kors holiday catalog pricing up 11%, says Piper Jaffray
Piper Jaffray says its analysis shows the weighted average pricing for the Michael Kors Holiday catalog was $242, up 11% from last year. The firm adds the catalog contains new handbag silhouettes introductions including Dillon & Sutton. Piper continues to view Michael Kors as its top Holiday pick and keeps an Overweight rating on the name with a $98 price target.
November 19, 2014
10:00 EDTDSWOn The Fly: Analyst Upgrade Summary
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07:20 EDTDSWDSW upgraded to Positive at Susquehanna
As reported previously, Susquehanna upgraded DSW to Positive from Neutral citing a compelling risk/reward scenario and progress made on recapturing lost margins. The firm raised its price target to $38 from $29 on DSW shares.
06:41 EDTDSWDSW upgraded to Positive from Neutral at Susquehanna
November 18, 2014
07:30 EDTKORSMorgan Stanley to hold a conference
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November 14, 2014
16:52 EDTCHS, DSWGreenlight Capital gives quarterly update on stakes
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November 13, 2014
07:18 EDTTOLUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
November 12, 2014
07:58 EDTKORSFossil price target raised to $150 from $140 at Jefferies
Jefferies raised its price target for Fossil (FOSL) shares to $150 saying the company's renewed agreement with Michael Kors (KORS) removes an overhang on the stock. The firm thinks Fossil's European growth potential associated with the Kors relationship is underappreciated. It reiterates a Buy rating on the stock.
November 11, 2014
16:02 EDTKORSMichael Kors, Fossil renew global licensing agreement
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10:00 EDTCBRLOn The Fly: Analyst Downgrade Summary
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08:01 EDTKORSMichael Kors promotions picked up in November, says Jefferies
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07:49 EDTCHSBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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06:37 EDTCBRLCracker Barrel downgraded to Hold from Buy at Miller Tabak
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November 10, 2014
11:35 EDTKORSStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
07:10 EDTTOLToll Brothers reports preliminary Q4 revenue $1.35B, consensus $1.31B
Toll Brothers Q4 total revenues of $1.35B and 1,807 units increased 29% in dollars and 22% in units, compared to 4Q13 results of $1.04B and 1,485 units. The average price of homes delivered was $747,000, compared to $732,000 in Q3 and $703,000 in 4Q13. net signed contracts of $970.2M and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth-quarter net signed contracts of $839.0M and 1,163 units. The average price per unit of net contracts signed in Q4 was $757,000, compared to $717,000 in Q3 and $721,000 in 4Q13. On a per-community basis, Q4 net signed contracts were 5.01, compared to 4Q13 totals of 5.17, 4.86 in 4Q12, 3.04 in 4Q11 and 2.94 in 4Q10.
November 7, 2014
17:00 EDTKORSMarket ends week higher after upbeat U.S. data, hint at ECB easing
Stocks finished the week higher and near record levels as several better than expected U.S. economic data points boosted shares. MACRO NEWS: In the U.S., weekly jobless claims, a manufacturing index for October, and factory orders for September all beat expectations. The nonfarm payrolls report showed fewer than expected jobs were added last month, but the figures from the prior two months were upwardly revised... European Central Bank President Mario Draghi said the ECB Governing Council was unanimous in its commitment to use unconventional instruments if needed to boost the euro zone's economy. Meanwhile, some possible "green shoots" emerged in Europe, as France reported that its manufacturing output had risen 0.6% in September versus August. Furthermore, Western European car sales surged 5.5% in October versus the same period a year earlier, Reuters reported, citing industry data. There was, however, some negative news out of Europe, as Germany said that its factory orders had increased just 0.8% in September, following a revised 4.2% slump in August. Economists had expected the orders to jump 2.3%. Also, the European Commission cut its 2014 GDP growth forecast for the EU to 0.8% from its previous forecast for a 1.2% gain. COMPANY NEWS: Tesla (TSLA), Chinese e-commerce giant Alibaba (BABA), Archer Daniels Midland (ADM), International Paper (IP), Whole Foods (WFM), and upscale accessories and apparel maker Kate Spade (KATE) were among the stocks that climbed following their results. Conversely, multi-level marketer Herbalife (HLF), Priceline (PCLN), Michael Kors (KORS), IT security company FireEye (FEYE), and chip maker Qualcomm (QCOM) fell following their quarterly reports... In takeover news, clinical laboratory company LabCorp (LH) said it would buy drug development services company Covance (CVD) for $105.12 per share in cash and stock, and marketing services company Sapient (SAPE) agreed to be acquired by French advertising giant Publicis (PUBGY) for $25.00 per share in cash... Shares of a number of hospital owners, including Tenet Healthcare (THC), Community Health (CYH), and HCA Holdings (HCA) fell after Republicans won control of the U.S. Senate. Republicans have promised to seek to repeal most parts of the Affordable Care Act, which benefits hospitals by reducing the number of uninsured patients that use their services. Additionally, the Supreme Court today agreed to hear a lawsuit challenging the federal government's right to subsidize the health insurance premiums of Americans who buy health insurance through the federal exchange set up by the Act... The Justice Department sued to block the acquisition of Screenvision, which provides solutions related to cinema advertising, by movie theater ad network National CineMedia (NCMI), sending its stock lower. Movie theater operator Carmike Cinemas (CKEC), which owns a 19% “profits interest" in the holding company for Screenvision, also slid following the news. INDEXES: For the week, the Dow is up 1.04% to 17,573.93, the Nasdaq is up 0.03% to 4,632.53, and the S&P 500 is up 0.66% to 2,031.92.
10:00 EDTCHSOn The Fly: Analyst Initiation Summary
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November 6, 2014
16:43 EDTCHSChico's FAS initiated with a Buy at Brean Capital
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