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News Breaks
July 9, 2014
16:23 EDTLLLumber Liquidators lowers FY14 outlook
News For LL From The Last 14 Days
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May 21, 2015
12:49 EDTLLOn The Fly: Top stock stories at midday
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10:43 EDTLLOptions with increasing implied volatility
Options with increasing implied volatility: FTR LL XLNX LULU
09:53 EDTLLLumber Liquidators downgraded to Market Perform at Raymond James
Raymond James downgraded Lumber Liquidators to Market Perform from Outperform.
09:44 EDTLLLumber Liquidators hits fresh 52-week lows, levels to watch
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09:28 EDTLLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
09:03 EDTLLOptions expected to be active
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08:39 EDTLLLumber Liquidators volatility flat into resignation of CEO Robert Lynch
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08:38 EDTLLLumber Liquidators sinks 15% after CEO 'unexpectedly' resigns
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08:32 EDTLLLumber Liquidators announces unexpected resignation of CEO Robert Lynch
Lumber Liquidators announced that Robert Lynch unexpectedly notified the company of his resignation as the company's President and CEO. The company intends to commence a national search for Lynch's replacement. In the interim, Thomas Sullivan, the Company's Founder, will serve as the acting CEO of the company. The company also announced today that John Presley, the company's lead independent director, has been appointed as non-executive chairman of the board. Both appointments are effective immediately. The board also accepted Mr. Lynch's resignation as a director of the Company.
May 20, 2015
09:31 EDTLLLowe's: Reports of tainted flooring had no impact on Q1
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May 19, 2015
13:04 EDTLLEarnings Watch: Lowe's sees FY15 EPS $3.29, strongest comps of year in Q1
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its first quarter before the market open on Wednesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 74c on revenue of $14.27B, according to First Call. The consensus range for EPS is 69c-80c on revenue of $13.97B-$14.52B. LAST QUARTER: Lowe's reported fourth quarter EPS of 46c on revenue of $12.54B, beating analyst's estimates of 44c and $12.31B, respectively. The company also reported Q4 same-store sales rose 7.3%, with U.S. comparable sales up 7.4%. The company forecast fiscal year 2015 EPS $3.29 against estimates at that time for $3.28 and said it expects revenue up 4.5%-5% in the fiscal year compared to last. Lowe's also forecast FY15 SSS up 4%-4.5% and said it expects to report the highest comp for FY15 in Q1. On its earnings conference call, the company said it expects higher comps in the first half of 2015 than the second half. The company said it expects jobs, incomes and household financial conditions to improve in 2015. NEWS: During the quarter, Lowe's announced a new $5B share repurchase program, which has no expiration date and adds to the previous program's balance, which was $2.4B at January 30. Seeking Alpha contributor Xuhua Zhou, described as a hedge fund analyst, recently wrote in a blog post that "research confirms Lowe's is guilty of formaldehyde noncompliance in sourcing laminate flooring from China." The Consumer Products Safety Commission and Environmental Protection Agency should include Lowe's products in their safety testing of Lumber Liquidators' (LL) wood, the writer believes. A Lowe's spokesperson told Bloomberg that the Tescun flooring is being removed from stores. Lowe's Canada recently reached an agreement to acquire the leases of 13 former Target (TGT) Canada Locations and will buy Target's Milton, Ontario distribution center for approximately C$151M. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Lowe's to $83 from $75, citing the company's big ticket comp growth, the improving economy and pent up demand from consumers putting projects on hold since the downturn. Argus also raised its price target, to $82 from $70, and said its confidence in the company's ability to generate profitable growth has increased. In March, Oppenheimer raised its price target on Lowe's to $85 from $77 and said the stock has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. BofA/Merrill said the home improvement space is one of the more attractive areas within retail and recommends buying Lowe's. The firm remains positive on the company's earnings growth and lack of negative catalysts. PRICE ACTION: Over the last three months, Lowe's shares are up nearly 1%. In early afternoon trading ahead of Wednesday's report, Lowe's is fractionally lower at $72.77.
12:16 EDTLLFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
09:58 EDTLLOn The Fly: Analyst Downgrade Summary
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06:34 EDTLLLumber Liquidators downgraded to Hold from Buy at Cantor
Cantor Fitzgerald analyst Laura Champine downgraded Lumber Liquidators to Hold saying there are "too many" regulatory and legal risks at the current time. Negative press continues to gain momentum for the retailer, Champine tells investors in a research note. The analyst cut her price target for the stock to $26 from $42. Shares of Lumber Liquidators closed yesterday down 20c to $26.06.
05:50 EDTLLStocks with implied volatility movement; RAD LL
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May 18, 2015
12:48 EDTLLLumber Liquidators at lows after FTC says will reveal 'major consumer fraud'
Shares of Lumber Liquidators (LL) are near session lows, down nearly 1% in afternoon trading, after the Federal Trade Commission announced earlier that it will host a press conference in conjunction with state Attorneys General tomorrow at noon EDT to announce action on a "major consumer fraud case that impacted consumers across the nation," without naming the company or products involved.
May 14, 2015
10:00 EDTLLOn 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.
May 13, 2015
16:11 EDTLLLumber Liquidators initiated with a Perform at Oppenheimer
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May 12, 2015
10:12 EDTLLLumber Liquidators incoming CFO worked on audits, WSJ reports
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06:10 EDTLLLumber Liquidators denied insurance coverage amid suits, CNBC reports
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