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Stock Market & Financial Investment News

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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August 31, 2014
13:20 EDTMRVLCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 29, 2014
08:17 EDTMEDMedifast price target raised to $36 from $32 at Wedbush
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August 28, 2014
10:34 EDTAEOAbercrombie drops as Q2 sales fall below analysts' estimates
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10:07 EDTAEOAmerican Eagle downgraded to Hold from Buy at Standpoint Research
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August 27, 2014
11:32 EDTKORS, COHTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
10:40 EDTAEOExpress surges as Q2 earnings come in sharply higher than analysts predicted
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August 26, 2014
11:23 EDTAEOTRW September volatility elevated
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August 25, 2014
16:03 EDTMEDModusLink Global Solutions reports 9.9% stake in Medifast
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11:11 EDTAEOOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD ITMN AEO DKS WUBA URBN SPLS YOKU GME
August 24, 2014
21:56 EDTMRVLB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
16:42 EDTAEOMarket finishes week higher on economic data, earnings
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12:08 EDTAEOGap hits 52-week high following beat and raise quarter
Shares of specialty apparel retailer The Gap (GPS) are advancing after the company posted better than expected second quarter results, and raised its fiscal 2014 profit outlook. WHAT'S NEW: Last night, Gap reported Q2 earnings per share of 75c and revenue of $3.98B, topping analysts’ consensus estimates of 69c and $3.96B, respectively. Q2 same store sales were flat versus the prior year period. WHAT’S NOTABLE: For FY14, Gap raised its EPS view to $2.95-$3.00 from $2.90-$2.95, versus consensus of $2.95. The company updated its guidance for FY14 diluted EPS to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies. Gap also announced it will enter India through franchise-operated Gap brand stores in 2015. Gap is partnering with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies. The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The brand plans to open about 40 franchise-operated Gap stores in India. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Research firm Janney Capital upgraded Gap to Buy from Neutral. The firm upgraded shares based on the overall improving Softlines sector due to an inventory correction, Old Navy strength, global opportunities, potential improved gross margin returns on inventory investment, and best-in-class management. Their price target on the shares is $51. Another firm, UBS, said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive comps driven by ecommerce. UBS has a Buy rating and a $50 price target on the stock. Sterne Agee says Gap’s valuation is very attractive. The firm believes that Gap's fundamentals are improving, while the setup for the stock over the next 12-18 months is favorable. It adds that the company's gross margins should be boosted by several factors going forward, and it kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Gap rose $2.04, or 4.7%, to $45.22 on heavy trading volume. Earlier in the session, it reached a new 52-week high of $45.47. Including today’s advance, the stock has gained over 7.5% over the past twelve months. OTHERS TO WATCH: Other specialty apparel companies include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), and The Buckle (BKE).
07:59 EDTMRVLMarvell price target lowered to $17 from $19 at Brean Capital
Brean Capital lowered its price target on Marvell to $17 from $19 following Q2 results. The firm cited lowered guidance and said the stock is not expensive so maintains its Buy rating on the shares.
06:20 EDTMRVLOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTMRVLOn The Fly: After Hours Movers
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16:16 EDTMRVLMarvell sees Q3 EPS 29c, plus or minus 2c, consensus 32c
Sees Q3 revenue $960M-$1B, consensus $1.01B.
16:14 EDTMRVLMarvell reports Q2 EPS 34c, consensus 28c
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15:15 EDTMRVLNotable companies reporting after market close
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10:14 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:25 EDTAEOAmerican Eagle price target raised to $15 from $13 at RBC Capital
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05:58 EDTAEOAmerican Eagle upgraded to Buy from Neutral at Janney Capital
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August 20, 2014
17:19 EDTAEOAmerican Eagle upgraded to Buy from Neutral at SunTrust
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15:25 EDTMRVLMarvell August 13.5 straddle priced for 4.7% move into Q2
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11:21 EDTAEOAmerican Eagle says search for new CEO 'underway'
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10:31 EDTAEOAmerican Eagle rallies after earnings beat, levels to watch
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08:05 EDTAEOAmerican Eagle sees Q3 EPS ex-items 17c-19c, consensus 18c
08:05 EDTAEOAmerican Eagle sees FY14 CapEx $230M
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08:04 EDTAEOAmerican Eagle reports Q2 EPS 3c, consensus 0c
Reports Q2 revenue $710.6M, consensus $689.94M. Reports Q2 SSS down 7%.
06:01 EDTAEOAmerican Eagle implied volatility of 52 at upper end of index mean range
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August 19, 2014
15:16 EDTAEONotable companies reporting before tomorrow's open
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14:43 EDTAEOAmerican Eagle September 11 straddle priced for 12.3% move into Q2
13:02 EDTMRVLMarvell Technology weekly volatility increases into Q2 and outlook
Marvell Technology August weekly call option implied volatility is at 74, September is at 34, November is at 30, January is at 29; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on August 21.
11:53 EDTAEOAeropostale soars as Geiger returns as CEO
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11:18 EDTAEOStocks with call strike movement; AEO TSLA
American Eagle (AEO) February 14 call option implied volatility decreased 2% to 39, Tesla (TSLA) December 285 call option implied volatility decreased 3% to 39 according to IVolatility.
10:28 EDTAEOHigh option volume stocks
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05:48 EDTAEOStocks with implied volatility movement; AEO YHOO
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