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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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September 4, 2014
10:57 EDTHDHome Depot seeing high-spend pro customers are growing higher than others
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10:43 EDTHDHome Depot CEO: 3rd parties 'working around the clock' on breach investigation
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10:42 EDTHDHome Depot CEO: We have told everybody what we know on breach
CEO Frank Blake said the company found out Tuesday morning and chose the path of communicating the facts as they know them. Blake said the company felt it was best to communicate the facts quickly and transparently, but cannot answer all of the questions. He added that the company will continue to investigate the breach "intensely." Comments taken from Goldman Sachs Annual Global Retailing Conference.
10:30 EDTHDHome Depot in contact with Secret Service over alleged breach, Reuters reports
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08:25 EDTHDHome Depot could see less impact than Target from data breach, says BMO Capital
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September 3, 2014
17:33 EDTHDSymantec, FishNet enlisted by Home Depot for breach probe, Bloomberg says
Symantec (SYMC) and FishNet Security have been enlisted by Home Depot to help investigate a suspected data breach at the retailer, says Bloomberg Businessweek. Reference Link
17:09 EDTHDSymantec up almost 1% after Bloomberg reports working with Home Depot on breach
17:05 EDTHDHome Depot working with Symantec, FishNet on data breach, Bloomberg says
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14:33 EDTHDHome Depot data breach involves nearly all U.S. stores, Krebs reports
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12:19 EDTLLOptions with increasing implied volatility
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10:40 EDTHDAnalyst sees security 'spending frenzy' amid high-profile hacks
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10:00 EDTLLOn The Fly: Analyst Upgrade Summary
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09:15 EDTLLOn The Fly: Pre-market Movers
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08:37 EDTLLLumber Liquidators upgraded at Wedbush
As noted earlier, Wedbush upgraded Lumber Liquidators to Outperform from Neutral. The firm thinks that the worst of the company's difficulties are behind it, while its gross margins and sales should beat expectations next year. Target to $73 from $62.
07:11 EDTLLLumber Liquidators upgraded to Outperform from Neutral at Wedbush
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September 2, 2014
16:25 EDTHDOn The Fly: Closing Wrap
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14:45 EDTHDHome Depot falls after alleged credit card breach reported
Shares are falling after an earlier report on a security blog, Krebs on Security, that the company is investigating a new potential breach of debit and credit cards. At the current price of $90.89, the shares are down over 2.3%. Support is at $89.85, the session low, and then at $86.57 which is the bottom of the recent bullish gap in the shares. Resistance is at $91.81.
13:46 EDTHDHome Depot puts active on alleged credit card breach, report
Home Depot September weekly 90 and 91 puts are active on the company investigating alleged credit card breach, Krebs reports. September weekly call option implied volatility is at 32, September is at 17, November is at 16, January is at 15; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement.
13:34 EDTHDHome Depot investigating alleged credit card breach, Krebs reports
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13:31 EDTHDHome Depot drops 2% following reports of credit card breach
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