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Stock Market & Financial Investment News

News For LULU;EBAY;ASML;HTZ;INFY From The Last 14 Days
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December 18, 2014
06:13 EDTEBAYKey PayPal executive leaves for Facebook, WSJ reports
PayPalís VP of growth and global strategy, Stan Chudnovsky, is leaving the company ahead of its planned spinoff from eBay (EBAY), The Wall Street Journal reports. Chudnovsky is set to join Facebook (FB) as its head of product management for messaging products. Reference Link
06:00 EDTEBAYeBay's Christopher Payne set to leave company, sources say, Re/code reports
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December 17, 2014
18:34 EDTHTZOn The Fly: After Hours Movers
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17:12 EDTHTZCarl Icahn raises stake in Hertz to 11.34% from 10.77%
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10:36 EDTLULUOptions with decreasing implied volatility
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08:08 EDTEBAYeBay adds Brooklyn small businesses to Local program
80 small businesses in Brooklyn have joined eBayís Local program and will offer delivery and/or in-store pickup to Brooklyn shoppers through eBayís website and mobile apps, the company announced yesterday in a post to its corporate website. Reference Link
December 16, 2014
10:34 EDTLULUOptions with decreasing implied volatility
Options with decreasing implied volatility: TLM LE CIEN LULU RH ATHN PAY
10:09 EDTLULUlululemon initiated with an Outperform at Cowen
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09:27 EDTLULUlululemon men's store impressive, says SunTrust
After touring lululemon's first store that carries men's products only, SunTrust was impressed with what it sees as the differentiated shopping experience and improved products offered by the store. The firm is confident that lululemon can maintain its recent momentum. It reiterates a Buy rating on the shares.
09:17 EDTEBAYInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 15, 2014
15:27 EDTLULUKering explored sale of Puma athletic brand, Bloomberg reports
Kering SA (PPRUY), which owns Gucci, Puma, and other brands, contacted potential buyers earlier this year to gauge interest in a potential a sale of the sportswear company, though the talks haven't lead to any takeover proposals yet, according to Bloomberg, citing people familiar with the matter. Other companies in the sportswear space include Nike (NKE), Under Armour (UA), lululemon (LULU) and Adidas (ADDYY). Reference Link
10:23 EDTLULUOptions with decreasing implied volatility
Options with decreasing implied volatility: LE CIEN LULU PETM RH ATHN ADBE
08:26 EDTEBAYeBay putting more focus on alternative lending, FT reports
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December 12, 2014
11:01 EDTLULUOptions with decreasing implied volatility
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10:20 EDTLULUlululemon continues rebound as analysts turn more positive
Telsey Advisory, SunTrust, Wells Fargo, and Oppenheimer have all turned more bullish on the stock. Oppenheimer raised its price target to $58, saying the business had reached a positive turning point. Telsey Advisory upgraded the shares to Outperform. Wells Fargo bumped its price target range to $56 to $60, and SunTrust to $60. The shares are responding positively, adding to an already strong rebound in share price in recent weeks. With the stock last at $53.30, next resistance is at $54.56. Support is at $52.45.
10:01 EDTLULUOn The Fly: Analyst Upgrade Summary
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08:59 EDTLULUlululemon price target raised to $60 from $52 at SunTrust
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07:59 EDTLULUlululemon upgraded at Telsey Advisory
As previously reported, Telsey Advisory upgraded lululemon to Outperform from Market Perform. The firm said the brand is rehabilitating as new products are gaining traction and traffic is improving. Telsey is encouraged by the improvement in sequential trends and believes the company is well-positioned to capitalize on the ongoing secular growth in the active-wear space. Price target raised to $60 from $45.
07:57 EDTLULUlululemon traffic rebound 'a big win,' says Wells Fargo
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07:41 EDTLULUlululemon business has reached positive turning point, says Oppenheimer
Oppenheimer believes that lululemon's business reached a positive turning point in Q3, as its performance improved each month and it has had positive traffic trends for two quarters in a row, according to the firm. Oppenheimer views the company's growth outlook as one of the most compelling in retail and raised its price target on the name to $58 from $53. It keeps an Outperform rating on the shares.
07:35 EDTLULUlululemon Q3 results a mixed bag, says Canaccord
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06:57 EDTLULUlululemon upgraded to Outperform from Market Perform at Telsey Advisory
06:37 EDTEBAYApple online store begins accepting PayPal, Re/code reports
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December 11, 2014
16:30 EDTLULUOn The Fly: Closing Wrap
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13:03 EDTLULUOn The Fly: Midday Wrap
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12:23 EDTLULU, LULUlululemon upgraded to Buy from Outperform at CLSA
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11:22 EDTLULUlululemon rises sharply after results and guidance, levels to watch
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10:24 EDTLULUOptions with decreasing implied volatility
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10:21 EDTLULUHigh option volume stocks
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09:37 EDTLULUlululemon sees Q4 gross margin 51%-52%
Sees Q4 tax rate 30.2%. Sees FY14 gross margin approx. 51%, down vs. last year. Expects to open 48 corporate owned stores in FY14. Sees FY14 operating margin delevering from FY13. Sees FY CapEx $115M-$120M. Says store traffic was stronger in Q3 vs. Q2. Says late store openings in U.K. due to construction delays, will open in late January. Lululemon shares are up 9.01% to $50.91.
09:16 EDTLULUOn The Fly: Pre-market Movers
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09:14 EDTLULUlululemon says Black Friday sales 'very strong'
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05:52 EDTEBAYStocks with implied volatility above IV index mean; DG EBAY
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05:39 EDTLULUlululemon sees FY14 normalized EPS $1.74-$1.78, consensus $1.77
Sees FY14 revenue $1.77B-$1.78B, consensus $1.79B. Sees FY14 SSS up in the low single digits on a constant dollar basis. Sees FY14 EPS $1.53-$1.57.
05:36 EDTLULUlululemon sees Q4 EPS 65c-69c, consensus 72c
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05:34 EDTLULUlululemon reports Q3 EPS 42c, consensus 38c
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December 10, 2014
17:58 EDTEBAYeBay considering cutting 'thousands' of jobs next year, WSJ reports
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17:35 EDTEBAYeBay considering cutting 'thousands' of jobs next year, DJ reports
15:25 EDTLULUNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
14:12 EDTLULULululemon December weekly 48 straddle priced for 10% move into Q3
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14:06 EDTLULUEarnings Preview: Lululemon Q3 could be positive turning point, analyst says
Lululemon Athletica (LULU) is scheduled to report third quarter earnings before the market open on Thursday, December 11, with a conference call scheduled for 9:00 am ET. Lululemon is a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia. EXPECTATIONS: Analysts are looking for earnings per share of 38c on revenue of $424.68, according to First Call. The consensus range for EPS is 37c-41c on revenue of $420M-$430.54M. LAST QUARTER: Lululemon reported second quarter EPS of 33c on revenue of $390.7M, beating estimates for 29c and $367.8M, respectively. Total same-store sales were flat in Q2 on a constant dollar basis; Comparable store sales for Q2 decreased by 5% on a constant dollar basis and direct to consumer revenue increased 30% on a constant dollar basis. Looking ahead, the company raised its fiscal year 2014 normalized EPS view to $1.72-$1.77 from $1.71-$1.76 and narrowed its revenue view to $1.78B-$1.8B from $1.77B-$1.8B against estimates at that time for $1.74 and $1.78B, respectively. Third quarter EPS was forecast at 36c-38c on revenue of $420M-$425M. Q3 guidance was based on a total combined comparable sales increase in the low single digits on a constant dollar basis. The retailer forecast Q3 and FY14 gross margin of approximately 51%. NEWS: During its Q2 earnings conference call, lululemon said it was "happy" to have Advent back as a shareholder and is "looking forward" to having Advent's guidance going forward. STREET RESEARCH: Yesterday, Wells Fargo upgraded the stock to Outperform from Market Perform. Lululemon should benefit from the strength of the athletic apparel category, as well as the annual growth of over 10% in the total square footage of its stores, Wells Fargo believes. Meanwhile, the firm said its merchandise margins should increase in 2015, as it is offering smaller discounts than in the past. Barclays, which has an Overweight rating and $55 target, also wrote yesterday that the company's Q3 results could be a positive turning point for shares. Although Barclays analyst Matthew McClintock expects the company to report Q3 earnings per share of 38c, in-line with the consensus estimate, he believes that the company's comparative sales rose 1.8% last quarter, versus the same period a year earlier. If lululemon reports a 1.8% comp increase, it would mark the first time since the second quarter of 2013 that its comparative sales growth accelerated compared with the previous quarter, the analyst noted. In November, Sterne Agee downgraded lululemon to Neutral from Buy, as it believes that the company's brand has been damaged, causing many customers to leave, while its competition has become stronger. At the time of its downgrade on November 14, Sterne Agee had a price target of $39 on the stock. PRICE ACTION: Over the last three months, lululemon shares are up almost 25%. Year-to-date, shares are down nearly 20%. In afternoon trading ahead of tomorrow's earnings report, shares are down 1.25% to $47.13.
11:50 EDTEBAYeBay says no decision made on new company boards, Bloomberg reports
Bloomberg cites a comment from the company, which follows an earlier Re/code report that said eBay CEO John Donahoe could leave the parent company's board and join PayPal's board when the companies separate.
10:35 EDTEBAYeBay CEO could join PayPal's board following spinoff, Re/code reports
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08:03 EDTHTZHertz expands across Europe with more than 80 branches in 2014
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December 9, 2014
11:43 EDTLULUlululemon advances after Wells upgrade, upbeat Barclays note
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10:28 EDTLULUlululemon trades up in down tape, levels to watch
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10:23 EDTLULUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
07:44 EDTLULULululemon Athletica volatility elevated into Q3 and outlook
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07:30 EDTLULUWells Fargo sees fewer distractions for lululemon, upgrades shares
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07:09 EDTLULUlululemon's Q3 results could mark an inflection point, says Barclays
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05:41 EDTLULUlululemon upgraded to Outperform from Market Perform at Wells Fargo
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05:34 EDTEBAYChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
13:52 EDTEBAYeBay advances slightly in down tape after Stifel upgrades shares
Shares of eBay (EBAY) are rising slightly in a down market after research firm Stifel upgraded the stock to Buy from Hold. WHAT'S NEW: The risk/reward ratio on eBay appears to be favorable, Stifel analyst Scott Devitt wrote in a note to investors today. In the most likely scenario for the company, the shares could increase as high as about $65 from their current level of around $55, but are unlikely to drop much below $50, Devitt believes. In a possible bullish scenario, the shares could go up to $75, the analyst stated. The spin off of eBay's PayPal business, expected to occur within nine months, should be a significant catalyst for the stock, while the gross merchandise volume generated by the company's marketplaces business should accelerate in the second half of next year, wrote Devitt. Marketplaces comparisons become easier starting in the second half of the year, the analyst explained. Additionally, eBay will begin to emphasize that the percentage of e-commerce transactions processed by PayPal is increasing, Devitt stated. Meanwhile, eBay's valuation is "compelling," and the upcoming spin-off reminds Devitt of the separation of Expedia (EXPE) and TripAdvisor (TRIP), which proved to be a positive catalyst, he wrote. Devitt set a $65 price target on the shares. PRICE ACTION: In mid-afternoon trading, eBay gained 17c, or 0.3%, to $54.97.
10:29 EDTINFYInfosys falls, levels to watch
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10:00 EDTEBAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
06:12 EDTLULUStocks with implied volatility above IV index mean; LULU ACHN
Stocks with implied volatility above IV index mean; lululemon (LULU) 53, Achillion (ACHN) 216 according to iVolatility.
06:10 EDTEBAYeBay upgraded to Buy from Hold at Stifel
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December 5, 2014
10:18 EDTHTZAvis Budget and Hertz November data positive, says MKM Partners
MKM Partners said Manheim data for November was 123.3, above expectations and October's reading of 12.8. The firm said Manheim and other data is supportive of positive trends in the car rental industry.
06:18 EDTEBAYStocks with implied volatility above IV index mean; NQ EBAY
Stocks with implied volatility above IV index mean; NQ Mobile (NQ) 144, eBay (EBAY) 20 according to iVolatility.
December 4, 2014
14:21 EDTLULULululemon Athletica volatility elevated into Q3 and outlook
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08:40 EDTLULUlululemon coverage assume with an Outperform at Wedbush
Wedbush assumed coverage on lululemon with an Outperform rating from a Neutral rating and $57 price target. The firm sees shares moving higher from catalysts that include improving top line trends and comps, margin uside form seasonal products and supply chain efficiencies, international growth, and M&A speculation.
07:17 EDTEBAYFBR Capital to hold a bus tour
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