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Stock Market & Financial Investment News

News Breaks
July 10, 2014
10:18 EDTLOW, HD, LL, TSCO, TTSHome Depot, Lowe's estimates cut after warnings from floor, farm retailers
Weak results from Tractor Supply (TSCO) and Lumber Liquidators (LL) do not bode well for Home Depot (HD) and Lowe's (LOW) near-term outlook, Deutsche Bank warned in a note to investors earlier today. WHAT'S NEW: After hardwood floors retailer Lumber Liquidators and farm products retailer Tractor Supply pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and Lowe's. The comparative sales of Home Depot and Lowe's have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators, explained Baker. Lumber Liquidators, like Home Depot and Lowe's, is exposed to housing markets, the analyst stated. Meanwhile, like Tractor Supply, Home Depot and Lowe's are exposed to the outdoor/weather sensitive sector, according to Baker. However, there are differences in the companies' business models, and comparative sales at Home Depot and Lowe's are probably trending better than at Tractor Supply and Lumber Liquidators, Baker believes. He lowered his second quarter comparative sales growth forecast for Lowe's to 4% from 4.5%, and for Home Depot to 4.5% from 5%. Baker's Q2 EPS estimates for both home improvement companies are now 1c below consensus levels. He kept a Buy rating on Lowe's and Hold ratings on Home Depot and Tractor Supply. PRICE ACTION: In early trading, Home Depot fell 2% to $79.07, Lowe's declined 1.8% to $47.02, Tractor Supply tumbled 5% to $58.23, and Lumber Liquidators plunged 22% to $54.70. Shares of Tile Shop (TTS), which is also exposed to housing markets, fell 11% to $11.55 in early trading.
News For LOW;HD;LL;TSCO;TTS From The Last 14 Days
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August 1, 2014
11:00 EDTTTSOptions with decreasing implied volatility
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July 31, 2014
10:02 EDTLLOn The Fly: Analyst Upgrade Summary
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06:42 EDTLLLumber Liquidators upgraded to Market Perform at Raymond James
Raymond James upgraded Lumber Liquidators to Market Perform from Underperform following the Q2 report.
July 30, 2014
11:22 EDTTTSOptions with decreasing implied volatility
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07:08 EDTLLLumber Liquidators backs FY14 EPS $2.65-$3.00, consensus $2.72
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07:06 EDTLLLumber Liquidators reports Q2 EPS 60c, consensus 61c
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July 29, 2014
11:46 EDTTTSOptions with decreasing implied volatility
Options with decreasing implied volatility: INO PBYI ANGI MLNX INFN TTS QLIK DECK SKX CRUS
07:05 EDTTTSTile Shop price target lowered to $12 from $16 at Credit Suisse
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July 28, 2014
16:03 EDTTTSTile Shop sees 2014 EPS 30c-35c, consensus 38c
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16:02 EDTTTSTile Shop reports Q2 EPS 8c, consensus 11c
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15:47 EDTTTSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.
July 25, 2014
11:56 EDTHDDelta Air Lines names Home Depot CEO Frank Blake to board of directors
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July 24, 2014
10:03 EDTTSCOOn The Fly: Analyst Upgrade Summary
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09:13 EDTTSCOTractor Supply upgraded to Buy from Hold at Feltl
July 23, 2014
17:21 EDTLLLumber Liquidators calls lawsuit allegations 'flat-out false'
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16:06 EDTTSCOTractor Supply sees FY14 EPS at low end of $2.54-$2.62, consensus $2.54
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16:04 EDTTSCOTractor Supply reports Q2 EPS 95c, consensus 95c
Reports Q2 revenue $1.58B, consensus $1.6B. Reports Q2 comparable store sales increased 1.9%.
15:30 EDTTSCONotable companies reporting after market close
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