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Stock Market & Financial Investment News

News Breaks
July 29, 2014
12:02 EDTBRKB, CTL, MNKD, IGT, DLTR, HSH, K, PSECOptions with increasing implied volatility
Options with increasing implied volatility: MNKD PSEC DLTR CTL K IGT BRKB HSH
News For MNKD;PSEC;DLTR;CTL;K;IGT;BRKB;HSH From The Last 14 Days
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May 21, 2015
07:41 EDTDLTRDollar Tree sees Q2 EPS ex-acquisition costs 63c-68c, consensus 70c
Sees Q2 revenue $2.17B-$2.23B, consensus $2.23B. Sees Q2 low to low-mid single-digit increase in same-store sales and 8% square footage growth.
07:39 EDTDLTRDollar Tree reports Q1 EPS ex-acquisition costs 71c, consensus 75c
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May 20, 2015
15:00 EDTDLTRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
May 19, 2015
16:01 EDTMNKDOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
12:47 EDTKEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Targetís business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailerís 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
May 18, 2015
08:46 EDTDLTRDollar Tree weakness an attractive buying opportunity, says UBS
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05:50 EDTMNKDStocks with implied volatility movement; BBRY MNKD
Stocks with implied volatility movement; BlackBerry (BBRY) 55, MannKind (MNKD) 75 according to iVolatility.
May 17, 2015
19:11 EDTKTarget to reduce advertising space for certain large brands, WSJ says
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May 15, 2015
17:33 EDTDLTRPoint72 Asset Management gives quarterly update on stakes
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14:15 EDTDLTRDollar Tree volatility flat into Q1 and outlook
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08:23 EDTMNKDJefferies sees 'good interest' in MannKind's Afrezza
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May 13, 2015
07:29 EDTPSECUBS to hold a conference
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07:10 EDTIGTInternational Game reports GTECH S.p.A. Q1 EPS (16c), revenue $807.69M
May 12, 2015
17:16 EDTCTLCenturyLink tests 'Prism' TV in Seattle, Puget Sound Journal says
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12:44 EDTKEarnings Watch: Macy's sees FY15 EPS $4.70-$4.80, total sales up about 1%
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05:58 EDTMNKDStocks with implied volatility movement; MNKD BBRY
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May 11, 2015
12:51 EDTMNKDOn The Fly: Top stock stories at midday
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09:59 EDTMNKDOn The Fly: Analyst Downgrade Summary
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09:21 EDTMNKDOn The Fly: Pre-market Movers
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06:43 EDTMNKDMannKind downgraded to Underweight from Neutral at JPMorgan
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