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Stock Market & Financial Investment News

News Breaks
March 13, 2014
10:41 EDTLOWLowe's expects a positive housing industry in 2014 and next several years
The company said the housing industry may grow at a higher rate than GDP despite the severe weather so far in 2014. Although credit remains tight, the company expects 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 expects 2014 will be a good year when spring arrives. Comments taken from conference call for UBS Global Consumer Conference.
News For LOW From The Last 14 Days
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May 21, 2015
07:22 EDTLOWLowe's shares have room to run from here, says UBS
UBS believes Lowe's shares have room to run from current levels, as the firm believes the company posted fine Q1 results. The firm cited Lowe's strong start to May and its potential to generate a mid single digit comp and 20% earnings growth for the year. UBS reiterated its Buy rating and lowered its price target to $82 form $83 on Lowe's shares.
May 20, 2015
14:14 EDTLOWLowe's remains a top pick at BofA/Merrill
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10:42 EDTLOWLowe's price target lowered to $68 from $75 at Cantor
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09:36 EDTLOWActive equity options trading on open
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09:31 EDTLOWLowe's: Reports of tainted flooring had no impact on Q1
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09:27 EDTLOWLowe's says 'exceeding expectations' in May
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09:26 EDTLOWLowe's says April comps of 3.8% were lowest in quarter
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09:25 EDTLOWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: American Eagle Outfitters (AEO), up 8.6%... Computer Sciences (CSC), up 4.1%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 44.5% after announcing plans for rolling eteplirsen NDA... Genocea Biosciences (GNCA), up 22.5% after GEN-003 Phase 2 trial met primary endpoint... IsoRay (ISR), up 31.7% after Cesium-131 reports 96% success in local control and 100% survival in 5 years... AVEO Pharmaceuticals (AVEO), up 15.7% after presenting results of extension study 902 and gets FDA feedback for tivozanib... Pep Boys (PBY), up 12.5% following reports that potential buyer have approached the company about a possible takeover. DOWN AFTER EARNINGS: Etsy (ETSY), down 19.5%... China Distance Education (DL), down 7.7%... Keysight Technologies (KEYS), down 5.7%.... Lowe's (LOW), down 5.2%. ALSO LOWER: Lpath (LPTN), down 75.6% after announcing that it will undergo corporate restructuring... Achillion Pharmaceuticals (ACHN), down 10.1% following collaboration for HCV with Janssen... El Pollo LoCo (LOCO), down 3.5% after 6M share Block Trade priced at $22.25... Cimarex Energy (XEC), down 3.3% after 6M share Spot Secondary priced at $109.00.
08:47 EDTLOWLowe's sees repurchasing $3.8B of stock in 2015
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07:53 EDTLOWLowe's weakness a buying opportunity, says Baird
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06:05 EDTLOWLowe's sees FY15 EPS about $3.29, consensus $3.31
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06:03 EDTLOWLowe's reports Q1 SSS up 5.3%
06:02 EDTLOWLowe's reports Q1 EPS 70c, consensus 74c
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May 19, 2015
15:00 EDTLOWNotable companies reporting before tomorrow's open
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14:48 EDTLOWLowe's June 72.5 straddle priced for 5.5% movement into Q1
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14:34 EDTLOWLowe's volatility elevated into Q1 and outlook
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13:04 EDTLOWEarnings 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.
May 15, 2015
09:03 EDTLOWBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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