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Stock Market & Financial Investment News

News Breaks
December 12, 2013
11:50 EDTZUMZ, LULU, BEBE, EXPRLululemon approaches 52-week low after guidance trails estimates
Shares of athletic apparel retailer Lululemon (LULU) are falling after the company’s fourth quarter and full year outlook trailed analysts’ consensus estimates. WHAT'S NEW: This morning, Lululemon reported third quarter earnings per share of 45c and revenue of $379.9M, both of which beat analysts’ consensus estimates. However, the company’s fourth quarter and fiscal 2013 outlook trailed analysts’ consensus estimates. Lululemon forecast that its fourth quarter earnings per share would be 78c-80c while its revenue would come in at $535M-$540M, compared to analysts’ consensus estimates of 84c and $571.76M. The company believes that its Q4 same-store sales will be flat on a constant-dollar basis. For FY13, EPS was guided to $1.94-$1.96, versus the consensus estimate of $1.96, while revenue was seen at $1.605B-$1.61B, versus the consensus of $1.64B. The company said that traffic in its stores has slowed due to macro economic issues, tougher quality control, faulty products that the company chose not to release to its stores, and negative PR. As a result of these issues, the company stated that its business in the initial part of Q4 has been "soft." ANALYST REACTION: This morning in a note to investors, research firm Canaccord said that, despite the company’s soft Q4 guidance, the firm continues to believe that Lululemon has a unique brand with strong growth potential both in the U.S. and abroad. The firm maintained a Buy rating on the shares with a $90 price target. According to another firm, SunTrust Robinson Humphrey, Lululemon is faring better in a challenging macro environment than the majority of its peers, as shown by its significantly better than expected third quarter results. It reiterated a Buy rating on the shares with a $78 price target. PRICE ACTION: In late morning trading, Lululemon fell $7.52 or 11% to $60.83 on nearly four times its average daily trading volume. The shares are approaching their 52-week low of $59.60 previously reached in June, and are down approximately 20% since the start of the year. OTHERS TO WATCH: Other apparel retailers include Express (EXPR), Bebe Stores (BEBE), and Zumiez (ZUMZ).
News For LULU;EXPR;BEBE;ZUMZ From The Last 14 Days
Check below for free stories on LULU;EXPR;BEBE;ZUMZ the last two weeks.
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April 15, 2014
09:39 EDTLULUlululemon to host analyst day
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07:01 EDTLULUlululemon can ease competition concerns at analyst day, says Canaccord
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April 14, 2014
10:02 EDTBEBEOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
07:48 EDTBEBEbebe stores upgraded to Buy from Neutral at Janney Capital
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06:04 EDTBEBEbebe stores upgraded to Buy from Neutral at Janney Capital
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April 10, 2014
11:31 EDTEXPROptions with increasing implied volatility: EXPR NEE
10:42 EDTZUMZZumiez pops after same store sales, upgrade
The stock is up over 5% at time of writing to $26.29 following same store sales reported after the close yesterday and an upgrade to Buy at DA Davidson. The current price action, a gap up in price this morning and a "line" across the chart today in a narrow range suggests a short-squeeze may be in progress. Over 8.5% of the float was short as of the last available report. Resistance is at $27.29. Support is at $25.64.
10:00 EDTZUMZOn The Fly: Analyst Upgrade Summary
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07:47 EDTZUMZZumiez upgraded to Buy from Neutral at DA Davidson
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April 9, 2014
16:02 EDTZUMZZumiez reports March SSS down 2.9%
Zumiez announced that total net sales for the five-week period ended April 5 increased 4.3% to $63.6M. The company's comparable store sales decreased 2.9% for the five-week period.
April 7, 2014
13:10 EDTLULUlululemon weekly volatility elevated into Analyst Day
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07:38 EDTLULUlululemon reiterated as a Buy ahead of Analyst Day at Topeka
Topeka expects lululemon's April 17 Analyst Day to be a "very positive" event and reiterates its Buy rating and $70 price target ahead of the event. The analyst said the new CEO is on a marketing offensive as the store base expands worldwide and new heads of merchandising and sourcing are working to maintain a high quality, innovative product.
April 4, 2014
10:10 EDTLULUJudge rejects claims from lawsuit against lululemon, Reuters reports
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April 3, 2014
10:49 EDTLULULululemon Athletica active call volume attributed to renewed takeover chatter
Lululemon Athletica active April weekly 55 and 56 call total call volume is attributed to renewed takeover chatter. April weekly call option implied volatility is at 43, April is at 34, June is at 38; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:34 EDTLULURumor: lululemon strength attributed to unconfirmed takeover speculation
April 2, 2014
11:08 EDTLULUOptions with decreasing implied volatility: LULU VJET APOL RHT GME
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