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News Breaks | | | | December 26, 2012 | | 12:10 EDT |  | M, GOL, AMZN, NFLX, URBN, LTD, GPS, KORS, COH, JWN, SKS, SHLD, MED | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite a report that indicated U.S. home prices rose more than forecast in October. Volume is light due to the holiday, but also because investors are still anxiously seeking a resolution to the fiscal cliff standoff in Washington... ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of property values in 20 cities increased 4.3% in October from a year ago, versus expectations for a 4% gain. The Richmond Fed December manufacturing survey fell to 5 from a prior reading of 9. Analysts had forecast a drop to a reading of 8. In Europe, most markets were closed. Asian markets, particularly Japan's, traded broadly higher for a second-straight session, as the official appointment of Shinzo Abe as Japan's prime minister continued to drive down the Yen and lift Tokyo-traded share prices... COMPANY NEWS: Retail and apparel makers' stocks slid after reports indicated that holiday sales were likely weaker than expected. MasterCard's SpendingPulse unit estimated that retail sales from October 28 through Christmas Eve increased just 0.7% from a year ago. Separate data from retail consulting firm Customer Growth Partners estimated sales rose about 2.8%, which would make this the worst holiday-shopping season since 2009. Among the stocks performing significantly worse than their respective averages were Macy’s (M), Sears (SHLD), Saks (SKS), Nordstrom (JWN), Coach (COH), Michael Kors (KORS), Gap (GPS), Limited (LTD) and Urban Outfitters (URBN)... Netflix‘s (NFLX) streaming video service suffered an outage on Christmas Eve, which the company blamed on technical problems at Web service provider Amazon.com (AMZN)... MAJOR MOVERS: Among the notable gainers was GOL Linhas (GOL), a low-cost airline in Latin America which saw its U.S. listed shares rise 10% after the company announced late Friday that it has segregated the activities of its "Smiles" loyalty program, a business unit it previously said may be put up for an initial public offering. Also higher were shares of Herbalife (HLF), up over 6% after the Wall Street Journal said the company has hired a prominent law firm to assist in its fight with investor Bill Ackman. Among the noteworthy losers was Medifast (MED), down nearly 12% after the company's acting CFO resigned... INDICES: Near noon, the Dow was down 45.94, or 0.35%, to 13,093.14; the Nasdaq was down 21.00, or 0.70%, to 2,991.60; and the S&P 500 was down 7.93, or 0.56%, to 1,418.73. | |
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News For M;SHLD;SKS;JWN;COH;KORS;GPS;LTD;URBN;NFLX;AMZN;GOL;MED From The Last 14 Days Check below for free stories on M;SHLD;SKS;JWN;COH;KORS;GPS;LTD;URBN;NFLX;AMZN;GOL;MED the last two weeks. |
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| May 17, 2013 | | 10:07 EDT |  | LTD | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. | | | 09:37 EDT |  | NFLX | Active equity option families trading on open
 Subscribe for More Information | | | 07:10 EDT |  | AMZN | U.K. to question Amazon over income tax, Reuters reports
Subscribe for More Information | | | 06:43 EDT | | AMZN | Apple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link | | | 06:12 EDT | | AMZN | Apple losing its edge as innovator, poll shows, Bloomberg reports
Subscribe for More Information | | | 06:09 EDT |  | COH, KORS | Citi recommends Michael Kors ahead of Q4 results
Subscribe for More Information | | | 06:06 EDT | | AMZN | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | 05:35 EDT | | LTD | L Brands downgraded to Underperform from Hold at Jefferies
Jefferies downgraded L Brands to Underperform citing slowing sales trends and margin pressures. The firm lowered its price target for shares to $40 from $46. | | | May 16, 2013 | | 18:56 EDT |  | JWN | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. | | | 16:14 EDT |  | JWN | Nordstrom falls after sales update, levels to watch
Subscribe for More Information | | | | 16:12 EDT | | JWN | Nordstrom down $1.98, or 3.24%, to $59.15 after earnings miss estimates
Subscribe for More Information | | | 16:10 EDT |  | JWN | Nordstrom affirms FY13 EPS view $3.65-$3.80, consensus $3.80
Cuts FY13 total sales view to up 4%-6% from up 4.5%-6.5%. Consensus $12.95B. Cuts FY13 SSS view to up 3%-5% from up 3.5%-5.5%. | | | 16:08 EDT | | JWN | Nordstrom reports Q1 SSS up 3.1%
Subscribe for More Information | | | 16:07 EDT | | JWN | Nordstrom reports Q1 EPS 73c, consensus 76c
Subscribe for More Information | | | 15:14 EDT | | JWN | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. | | | 13:48 EDT | | JWN | Nordstrom May 62 straddle priced for 3.7% move into Q1
| | | 10:03 EDT |  | AMZN | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 09:36 EDT | | NFLX | Active equity option families trading on open
Subscribe for More Information | | | 09:24 EDT | | AMZN | Amazon.com expands content licensing agreement with NBCUniversal
Subscribe for More Information | | | 09:20 EDT | | COH | Coach estimatse raised at Sterne Agee
Sterne Agee believes Coach can take shares in the combined premium footwear/outwear market and has an opportunity in watches. The firm reiterates its Buy rating and raised its price target to $65 from $62. | | |
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