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May 16, 2014
08:50 EDTKSSKohl's still has good value and catalysts, says MKM Partners
After Kohl's reported weaker than expected Q1 results, MKM Partners thinks there were a few bright spots in the results, including a month-to-month acceleration in sales and significant improvement in gross margin. The firm expects the company's key initiatives to become significant comp and traffic drivers starting in 2H14. It keeps a Buy rating.
News For KSS From The Last 14 Days
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May 15, 2015
07:42 EDTKSSKohl's decline following results 'excessive,' says UBS
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May 14, 2015
16:19 EDTKSSOn The Fly: Top stock stories for Thursday
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15:39 EDTKSSKohl's pullback on comp sales miss a buying opportunity, says Baird
Baird attributes Kohl's pullback to its Q1 comparable sales growth missing "lofty" expectations, but believes the slide means shares now reflect more manageable expectations and presents a buying opportunity. The firm thinks management is making the right moves on multiple fronts and keeps an Outperform rating on the stock, but lowered it price target to $78 from $80.
13:28 EDTKSSIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
13:01 EDTKSSKohl's downgraded to Neutral from Buy at Sterne Agee CRT
12:49 EDTKSSOn The Fly: Top stock stories at midday
The market opened higher amid lower than expected weekly jobless claims, data showing that producer prices fell rather than rose in April and a continued slide in the dollar against the euro. The Dow notched triple digit gains right out of the gate and the averages have moved in a narrow range in morning trading, albeit at near-record levels. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 1K to 264K in the week ended May 9, versus expectations for 273K first-time claims. The weekly data brought the four week moving average to 271.75K, which marks its lowest level in 15 years. The Producer Price Index fell 0.4% in April, with the core PPI reading sliding 0.2%, which missed expectations for both the headline and core PPI figures to have grown 0.1%. After dropping 1.3% yesterday against the euro, the U.S. dollar slid another 0.4% earlier to about $1.14 per euro, bringing its decline to about 7% versus the euro in the past month. COMPANY NEWS: Shares of Avon Products (AVP) were volatile after "PTG Capital Partners" announced via a filing with the SEC that it has submitted an offer to the board of Avon proposing to acquire all of the company's outstanding stock, and outstanding options to acquire such shares, in a recommended cash tender offer at a price per share of $18.75. Shares of Avon spiked initially after the filing, were halted several times due to volatile trading, and came well off their earlier highs as investors questioned the validity of the firm making the purported offer. A source told Dow Jones that the company was treating the purported bid as a hoax and Avon told CNBC that it had no proof PTG exists and that it has not received any offer. Still, Avon remained up about 4% to trade near $6.92 per share in early afternoon trading. MAJOR MOVERS: Among the notable gainers was Russia's QIWI (QIWI), which jumped 12% after the company announced that it has entered into an agreement with Otkritie to acquire the Contact money transfer system and the Rapida payment processing system, which are "highly value accretive" acquisitions according to analysts at JPMorgan. Also higher was China's (CTRP), which gained 10% and was upgraded at Stifel and Oppenheimer following the company's Q1 results. Among the noteworthy losers was Puma Biotechnology (PBYI), which dropped 18% after data on the company's neratinib drug was disclosed via an abstract for the company's upcoming presentation at the American Society of Clinical Oncology, or ASCO, meeting. Also lower following its earnings report was retailer Kohl's (KSS), which slid over 12%. INDEXES: Near midday, the Dow was up 170.23, or 0.94%, to 18,230.72, the Nasdaq was up 55.96, or 1.12%, to 5,037.65, and the S&P 500 was up 17.10, or 0.81%, to 2,115.58.
10:09 EDTKSSIncreasing equity options volume on open
Increasing equity options volume on open: ONTY CBRL PBYI GWW AXLL IEV KSS EXPR UEC JACK
09:45 EDTKSSKohl's tumbles after results, levels to watch
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09:33 EDTKSSKohl's believes wages will continue to rise, says has 'put that into thinking'
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09:22 EDTKSSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perry Ellis (PERY), up 11.5%... (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.
08:58 EDTKSSKohl's still sees FY15 SSS up 1.5%-2.5%
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08:55 EDTKSSKohl's says three-year plan 'very achievable'
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08:49 EDTKSSKohl's: February SSS 'very weak,' March/April SSS accelerated about 200bps
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08:45 EDTKSSKohl's says 'well on our way' to achieving long-term goals
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07:11 EDTKSSOptions expected to be active
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07:03 EDTKSSKohl's reports Q1 EPS 63c, consensus 55c
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07:02 EDTKSSKohl's says sales accelerated in March/April period after weak February
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May 13, 2015
15:05 EDTKSSNotable companies reporting before tomorrow's open
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May 12, 2015
07:36 EDTKSSKohl's Q1 estimates, price target raised at Jefferies
Jefferies raised its Q1 earnings per share estimate for Kohl's to 56c from 54c and its comp estimate to 3.0% from 2.5% after its research indicate the company had a "solid" quarter. The firm believes Kohl's various sales initiatives continued to drive traffic. Jefferies raised its price target for shares to $85 from $82 and reiterates a Buy rating on the name.
May 10, 2015
13:43 EDTKSSKohl's may continue to outperform, Barron's says
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