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Stock Market & Financial Investment News

News Breaks
November 15, 2012
15:47 EDTPHM, MAS, HD, TOL, FAST, USGBernanke says obstacles remain in housing recovery, WSJ says
Federal Reserve Chairman Ben Bernanke acknowledged improvements in the housing market in a speech but warned of obstacles that still remain, like a "stubbornly high" level of unemployment, says the Wall Street Journal. Reference Link
News For MAS;USG;TOL;PHM;FAST;HD From The Last 14 Days
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May 19, 2015
06:10 EDTHDHome Depot FY15 EPS guidance does not include losses related to data breach
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06:08 EDTHDHome Depot raises FY15 EPS growth to 11%-12%, consensus $5.23
Raises FY15 revenue growth to 4.2%-4.8% from 3.5%-4.7%, consensus $86.87B. Sees FY15 comp sales to be up 4%-4.6%.
06:05 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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06:04 EDTHDHome Depot reports Q1 comparable store sales up 6.1%
Reports Q1 comparable sales for US stores were up 7.1%.
06:04 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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May 18, 2015
16:00 EDTHDOptions Update; May 18, 2015
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15:37 EDTHDHome Depot May 114 weekly straddle priced for 3.1% movement into Q1
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15:32 EDTHDHome Depot technical notes ahead of earnings
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15:00 EDTHDNotable companies reporting before tomorrow's open
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13:49 EDTHDEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot 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. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
11:09 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
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10:01 EDTTOLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
08:02 EDTTOLToll Brothers upgraded to Neutral from Underperform at Sterne Agee CRT
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May 15, 2015
17:33 EDTHDPoint72 Asset Management gives quarterly update on stakes
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17:08 EDTPHMSoros Fund gives quarterly update on stakes
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16:28 EDTUSGAppaloosa Management gives quarterly update on stakes
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10:01 EDTTOL, PHMOn The Fly: Analyst Downgrade Summary
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09:03 EDTHDBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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08:50 EDTTOLToll Brothers downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Toll Brothers to Outperform and reduced its price target to $41 from $45 citing lack of catalysts to propel shares higher and valuation.
08:35 EDTPHMPulteGroup downgraded to Market Perform from Outperform at Raymond James
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