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Stock Market & Financial Investment News

News Breaks
March 14, 2014
14:55 EDTMATX, MATX, MATX, KATE, KATE, KATEMatson to replace Kate Spade in S&P 600 as of 3/21 close
News For MATX;KATE From The Last 14 Days
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January 30, 2015
10:13 EDTKATEOptions with decreasing implied volatility
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January 29, 2015
13:34 EDTKATEKate Spade retracing some gains from earlier highs, levels to watch
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12:54 EDTKATEOn The Fly: Midday Wrap
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11:33 EDTKATEKate Spade taking right steps to narrow focus, says Sterne Agee
After Kate Spade announced plans to shutter its struggling Kate Spade Saturday concept and change its business model for Jack Spade, Sterne Agee said it remains bullish on the stock and that it thinks Kate Spade is taking the right steps to narrow its focus. The firm noted that Kate Spade's initial FY15 guidance was below expectations, but does not view that as a surprise given the recent lowering of estimates by analysts. Sterne Agee maintains its Buy rating and $35 price target on the stock.
08:57 EDTKATEKate Spade, Lane Crawford Joyce Group announce partnership
Kate Spade and Walton Brown, a subsidiary of The Lane Crawford Joyce Group, Asia's premier fashion retail and brand management group, today announced the companies have formed joint ventures focused on scaling and accelerating Kate Spade's growth in Greater China, continuing its geographic expansion plans. The newly formed partnership will leverage the expertise of Walton Brown, and the global demand for Kate Spade & Company products, to establish a strategic network of stores in key cities, enhanced by a robust organizational and marketing platform across China, Hong Kong, Macau and Taiwan. The combined transactions are expected to include a $3M payment to E-Land to acquire its interest in Kate Spade China and terminate related contracts and the receipt of approximately $21M from Walton Brown for their interest in the joint ventures subject to adjustments. In addition, the company estimates that it will incur restructuring and transaction costs of approximately $5M, including severance, lease terminations and asset impairments in order to convert the wholly owned businesses in Hong Kong, Macau and Taiwan into a joint venture. These transactions are consistent with the company's partnered and capital-efficient approach to geographic expansion and lay the foundation for a solid expansion strategy in the region with a long-term potential of 100 stores. Kate Spade & Company will continue wholesale distribution to the joint venture in China and expects to begin wholesale distribution to Hong Kong, Macau, and Taiwan through the joint venture during Q1. Accordingly, the company will no longer consolidate the operations for the businesses in Hong Kong, Macau and Taiwan, which had net sales of approximately $34M in 2014 and will account for its investments in the partnership under the equity method of accounting. The company's distribution agreements with Valiram in Singapore, Malaysia, Indonesia and Australia and AT Luxury in Thailand are not affected by these transactions.
08:24 EDTKATEKate Spade announces joint venture with Walton Brown
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08:22 EDTKATEKate Spade sees FY15 revenue $1.2B-$1.28B, consensus $1.39B
Net sales in the range of $1,200 million to $1,275 million, including a planned decrease compared to 2014 in excess of $125 million. Putting aside the net sales changes resulting from those factors, the net sales increase in 2015 would be in excess of 20% compared to 2014, at the midpoint of the guided range; Sees a direct-to-consumer comparable sales increase in the high single digits in 2015; Sees FY15 adjusted EBITDA $185M-$200M. Putting aside the positive and negative impact of the various factors described above, the midpoint of the 2015 Adjusted EBITDA range represents an increase in excess of 20% compared to 2014.
08:21 EDTKATEKate Spade sees FY14 revenue $1.13B-$1.14B, consensus $1.10B
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08:19 EDTKATEKate Spade announces strategic initiatives to focus investment in new york brand
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January 28, 2015
15:38 EDTKATENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
10:37 EDTKATEOptions with increasing implied volatility: PSEC KATE AVP
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January 27, 2015
10:48 EDTKATEOptions with increasing implied volatility: PPC KATE AVP
January 26, 2015
10:53 EDTKATEKate Spade volatility elevated into Q4 and outlook
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10:50 EDTKATEOptions with increasing implied volatility: HLSS KATE AVP
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January 23, 2015
10:02 EDTKATEOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmSurg (AMSG) upgraded to Overweight from Neutral at Piper Jaffray... Anglo American (AAUKY) upgraded to Neutral from Sell at Goldman... Autobytel (ABTL) upgraded to Buy from Hold at Ascendiant... Charles River Labs (CRL) upgraded to Outperform from Market Perform at William Blair... Chesapeake (CHK) upgraded to Outperform from Neutral at Credit Suisse... CubeSmart (CUBE) upgraded to Buy from Neutral at SunTrust... Cypress Semiconductor (CY) upgraded to Neutral from Underweight at JPMorgan... DreamWorks Animation (DWA) upgraded to Overweight from Neutral at Piper Jaffray... E-Trade (ETFC) upgraded at Credit Suisse... Kate Spade (KATE) upgraded to Buy from Neutral at Mizuho... LinkedIn (LNKD) upgraded to Strong Buy from Market Perform at Raymond James... Matthews (MATW) upgraded to Outperform from Neutral at Macquarie... Meridian Bioscience (VIVO) upgraded to Buy from Hold at Craig-Hallum... Michael Kors (KORS) upgraded to Buy from Neutral at Mizuho... NIC Inc. (EGOV) upgraded to Hold from Sell at Maxim... Natural Grocers (NGVC) upgraded to Overweight from Neutral at Piper Jaffray... Nucor (NUE) upgraded to Buy from Neutral at Goldman... ResMed (RMD) upgraded to Buy from Hold at Needham... Smith & Wesson (SWHC) upgraded to Buy from Neutral at Dougherty... Ternium (TX) upgraded to Neutral from Sell at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at BB&T... ZAGG (ZAGG) upgraded to Buy from Hold at Craig-Hallum... lululemon (LULU) upgraded to Overweight from Neutral at JPMorgan.
06:37 EDTKATEKate Spade upgraded to Buy from Neutral at Mizuho
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