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Stock Market & Financial Investment News

News Breaks
November 16, 2012
11:00 EDTLOWEarnings Preview: Lowe's Q3 earnings could be helped by Sandy
Lowe's (LOW) is expected to report Q3 earnings before the open on Monday, November 19, with a conference call scheduled for 9:00 am ET. Analysts are looking for a profit of 35c on revenue of $11.91B. The consensus range is 32c-39c for EPS, and $11.78B-$12.01B for revenue, according to First Call. After reporting EPS and revenue that missed analysts' expectations in Q3, Lowe's forecast FY12 EPS $1.64, consensus $1.66, on flat revenue growth, consensus $50.08B. On its last earnings call, Lowe's forecast 2H same-store sales flat and said 2H gross margin should increase, but to a lesser degree than its previous outlook. The company also said its guidance assumed an additional $1.5B in share buybacks. Lowe's said it would take a more cautious approach to the balance of the year. During the quarter, Lowe's formally withdrew its non-binding proposal dated July 8 to the board of RONA to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share. Lowe's said it believed a deal made sense, but said it was "unfortunate" that the RONA board did not recognize the important economic and commercial benefits of the proposal. The Wall Street Journal said Lowe's board wants to hire a successor to CEO Robert Niblock, even though they're not looking to replace him immediately; the new executive would first fill the post of Chief Merchandising Officer. Barron's said Lowe's should benefit from Hurricane Sandy and could surprise investors in its Q3 report. In addition to consumers looking to buy up home repair supplies to fight off the effects of the storm, Barron's notes that there are signs that the housing market is starting to improve. Oppenheimer increased its target on Lowe's as the firm expects the company to benefit from improving demand trends. ITG Research believes Lowe's SSS finished strong in Q3 boosted by Sandy.
News For LOW From The Last 14 Days
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November 20, 2014
07:27 EDTLOWLowe's price target raised to $66 from $58 at RBC Capital
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November 19, 2014
12:46 EDTLOWOn The Fly: Midday Wrap
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12:13 EDTLOWLowe's gaps up, runs higher, after results
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11:44 EDTLOW Lowe’s hits 52-week high after Q3 results beat estimates, boosting forecast
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10:35 EDTLOWLowe's upgraded to Hold from Sell at Canaccord
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09:58 EDTLOWLowe's says 'impressed' with results thus far in Q4
Says sees "more balanced" performance in November vs. last year.
09:47 EDTLOWLowe's sees FY gross margin consistent with to-date gross margin
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09:24 EDTLOWLowe's sees FY share repurchases $3.7B
Says "cautiously optimistic" about home improvement landscape. Says seeing a rise in big-ticket projects, says trend is "encouraging." Says homeowner desire to invest in homes the highest since 2006. Says consumers being helped by lower fuel prices, interest rates. Sees FY effective tax rate 37.2%. Sees FY free cash flow $3.2B. Says will use capital to invest in business, pay dividends, repurchase shares. Sees FY share repurchases $3.7B. Comments made on the Q3 earnings conference call. Lowe's shares are up 4.82% in pre-market trading.
09:16 EDTLOWOn The Fly: Pre-market Movers
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08:20 EDTLOWLowe's shares should trade higher following Q3 results, says RW Baird
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06:22 EDTLOWLowe's up 2% following Q3 results
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06:05 EDTLOWLowe's sees FY14 EPS about $2.68, consensus $2.63
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06:04 EDTLOWLowe's reports Q3 EPS 59c, consensus 58c
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November 18, 2014
15:44 EDTLOWLowe's November 57 straddle priced for 4.2% move into Q3
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15:21 EDTLOWNotable companies reporting before tomorrow's open
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12:47 EDTLOWEarnings Preview: Lowe's shares up over 15% since last earnings report
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10:02 EDTLOWLowe's names McCanless general counsel, Chief Compliance Officer
Lowe's Companies (LOW) announced that Ross W. "Bill" McCanless will be joining the company as general counsel, secretary and chief compliance officer, effective January 12, 2015. McCanless will replace Gaither M. Keener, who announced plans to retire from the company following 30 years of service. McCanless is returning to Lowe's top legal role, a position he held from 2003 to 2006, after serving as chief legal officer, general counsel and secretary for Extended Stay America (STAY) and ESH Hospitality
07:33 EDTLOWLowe's November volatility elevated into Q3 and outlook
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November 17, 2014
07:54 EDTLOWLowe's price target raised to $68 from $60 at RW Baird
Baird raised its price target on Lowe's to $68 from $60 citing the company's firming sales, solid comps, and operational improvements. Baird reiterated its Outperform rating on Lowe's, which is scheduled to release its Q3 results on November 19.
November 11, 2014
12:37 EDTLOWLowe's November volatility elevated into Q3 and outlook
Lowe's November call option implied volatility is at 28, December is at 22, January and April is at 18; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
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