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Stock Market & Financial Investment News

News Breaks
May 20, 2014
12:36 EDTLOW, HDEarnings Preview: Lowe's shares nearly flat ahead of Q1 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its first quarter before the market open on Wednesday, May 21, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 60c on revenue of $13.86B, according to First Call. The consensus range for EPS is 56c-63c on revenue of $13.56B-$14.26B. LAST QUARTER: Lowe's reported fourth quarter adjusted EPS of 31c, in-line with estimates, on revenue of $11.66B against estimates for $11.67B. The company also reported Q4 same-store sales rose 3.9%. Lowe's forecast fiscal year 2014 EPS guidance of $2.60 against estimates at that time for $2.64 and said it expects total sales growth of 5% in this fiscal year compared to last. Lowe's said it expected to open 15 home improvement and 5 hardware stores in 2014 and expects its FY13 SSS to increase approximately 4%. The company said its board authorized the repurchase of an additional $5B in company stock. On its earnings conference call, Lowe's said it was taking a "cautious" approach due to the slowdown in housing activity. The company said first half comps would be modestly higher than second half. The company forecast $3.4B in share repurchases in 2014, spread evenly across all quarters. Free cash flow for the year is expected $2.9B and capital expenditures is forecast at $1.2B. NEWS: During the quarter, Lowe's appointed Michael Jones as Chief Customer Officer, succeeding Gregory Bridgeford. At the UBS Global Consumer Conference, Lowe's said the housing industry may grow at a higher rate than GDP and sees another good year of home prices going up. It also expects homeowners will continue to be reengaged in discretionary spending around the home. Lowe's and Porch.com announced the expansion of their strategic partnership to the more than 1,700 Lowe's home improvement stores across the U.S. STREET RESEARCH: Oppenheimer upgraded its rating on Lowe's to Outperform from Perform on expectations sales will improve as the winter weather gives way to more favorable spring conditions. Wedbush downgraded Lowe's to Neutral from Outperform to reflect slower housing trends and continued investment. OTHERS TO WATCH: This morning, Lowe's rival Home Depot (HD) reported Q1 EPS of $1.00 on revenue of $19.69B, beating analysts' estimates. The company also raised its FY14 EPS view to $4.42, in-line with estimates, and backed its FY14 revenue guidance of up 4.8% from FY13, sending shares up around 2% in mid-morning trading. PRICE ACTION: Over the last three months, Lowe's shares are down around 2.3%. In morning trading ahead of tomorrow's report, Lowe's is relatively flat at $45.52.
News For LOW;HD From The Last 14 Days
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August 19, 2014
11:41 EDTLOW, HDHome Depot rises as results beat estimates, company raises guidance
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09:58 EDTHDHome Depot sees rate of comp growth for 2H about 80bps higher than 1H
Sees Q4 as higher comp quarter than Q3, but slightly under what was reported for Q2.
09:38 EDTHDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:24 EDTHDHome Depot says 'very pleased' with August sales performance
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09:20 EDTHDHome Depot sees FY14 gross margin up 'a few' bps from FY13
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09:07 EDTHDOn The Fly: Pre-market Movers
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07:35 EDTHDHome Depot exceptional results reinforce positive thesis, says RW Baird
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07:31 EDTHDHome Depot: Q2 spring seasonal businesses rebounded
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06:03 EDTHDHome Depot raises FY14 EPS to $4.52 from $4.42, consensus $4.41
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06:01 EDTHDHome Depot reports Q2 SSS up 5.8%; US comp sales up 6.4%
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06:01 EDTHDHome Depot reports Q2 EPS $1.52, consensus $1.45
Reports Q2 revenue $23.81B, consensus $23.61B
August 18, 2014
16:00 EDTHDOptions Update; August 18, 2014
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15:26 EDTHDNotable companies reporting before tomorrow's open
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14:49 EDTHDHome Depot August weekly 83.5 straddle priced for 2.3% move into Q2
14:32 EDTHDHome Depot technical notes ahead of earnings
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14:22 EDTHDHome Depot technical notes ahead of earnings
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14:14 EDTHDHome Depot technical notes ahead of earnings
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11:39 EDTHDHome Depot weekly volatility elevated into Q2 and outlook
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11:25 EDTHD, LOWEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
06:24 EDTLOW, HDOptions expected to be active
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