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News Breaks | | | | December 26, 2012 | | 16:21 EDT |  | MED, AEO, MRVL, RIMM, KORS, GOL, COH | On The Fly: Closing Wrap
Stocks on Wall Street were lower on the day amid reports indicating that this season's holiday season may have been weaker than expected. MasterCard's SpendingPulse unit estimated that spending between October 28 and Christmas Eve rose just 0.7% from a year ago. Data from Consumer Growth Partners indicated a 2.8% sales increase for the holiday period, which would equate to the worst holiday-shopping season growth since 2009... 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: A jury ordered Marvell Technologies (MRVL) to pay $1.17B in a patent case with Carnegie Mellon University. The Wall Street Journal first reported the news, and a later report by the Pittsburgh Post-Gazette said that if Marvell is found to have willfully violated the patent, the damages due to Carnegie Mellon could triple. Shares of Marvell traded sharply lower following the news, eventually settling down 85c, or 10.30%, to $7.40 on the session... Retail and apparel makers' stocks slid after reports indicated that holiday sales were likely weaker than expected. Among the worst performing retail stocks were Coach (COH), down $3.39, or 5.89%, to $54.13, Michael Kors (KORS), down $3.54, or 6.61%, to $50.03, and American Eagle Outfitters (AEO), down 84c, or 4.10%, to $19.65... MAJOR MOVERS: Among the notable gainers was GOL Linhas (GOL), a low-cost airline in Latin America which saw its U.S. listed shares gain 53c, or 9.09%, to $6.36 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 Research in Motion (RIMM), up $1.22, or 11.45%, to $11.82 after shares had lost nearly 25% in the two sessions following the release of its Q3 earnings after the close last Thursday. Among the noteworthy losers was Medifast (MED), down $3.86, or 13.15%, to $25.50 after the company's acting CFO resigned... INDICES: The Dow was down 24.49, or 0.19%, to 13,114.59; the Nasdaq was down 22.44, or 0.74%, to 2,990.16; the S&P was down 6.83, or 0.48%, to 1,419.83. | |
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News For MRVL;COH;KORS;AEO;GOL;RIMM;MED From The Last 14 Days Check below for free stories on MRVL;COH;KORS;AEO;GOL;RIMM;MED the last two weeks. |
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| May 21, 2013 | | 15:18 EDT |  | AEO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | | 10:00 EDT |  | COH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. | | | 06:12 EDT | | COH | Coach downgraded to Equal Weight from Overweight at Morgan Stanley
 Subscribe for More Information | | | May 20, 2013 | | 16:50 EDT |  | MED | Visium Asset Management reports 6.8% passive stake in Medifast
Subscribe for More Information | | | 10:11 EDT |  | KORS | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 09:20 EDT | | GOL | Gol Linhas announces April preliminary air traffic results
Subscribe for More Information | | | 06:28 EDT | | KORS | Michael Kors initiated with a Buy at Canaccord
Subscribe for More Information | | | May 17, 2013 | | 07:08 EDT |  | MRVL | Marvell Technology volatility elevated into Q1 and revenue outlook
Subscribe for More Information | | | 06:09 EDT |  | COH, KORS | Citi recommends Michael Kors ahead of Q4 results
Subscribe for More Information | | | May 16, 2013 | | 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. | | | | 09:04 EDT | | MRVL | Cisco results positive for semiconductors space, says Brean Capital
Subscribe for More Information | | | May 15, 2013 | | 17:46 EDT | | COH | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 09:49 EDT |  | AEO | American Eagle upgraded to Buy from Hold at Standpoint Research
Subscribe for More Information | | | 07:01 EDT | | KORS | Michael Kors recommended ahead of Q4 results at Piper Jaffray
Subscribe for More Information | | | May 13, 2013 | | 14:46 EDT |  | COH | Coach approached Tory Burch about possible takeover, WSJ says
Coach is weighing the purchase of an accessories brand to aid its growth, reported The Wall Street Journal, citing people familiar with the company's thinking. Coach previously approached Tory Burch, the report noted, and one source said a potential bid in the $2B-$3B range was discussed. Reference Link | | | 14:19 EDT | | COH | Coach approached Tory Burch last year about deal, Dow Jones reports
Subscribe for More Information | | | 09:37 EDT |  | KORS | Michael Kors rises after addition to Best Ideas List at Morgan Stanley
Subscribe for More Information | | | 07:29 EDT | | KORS | Michael Kors added to Best Ideas List at Morgan Stanley
Subscribe for More Information | | | May 9, 2013 | | 14:54 EDT |  | COH | Coach management to meet with Sterne Agee
Group dinner to be held in New York on May 15 hosted by Sterne Agee. | | | 10:53 EDT | | GOL | Gol Linhas, Delta expand codeshare agreement
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