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Stock Market & Financial Investment News

News For MRVL;KORS;COH;RIMM;GOL;MED;AEO From The Last 14 Days
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August 25, 2015
06:05 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at FBR Capital
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August 24, 2015
09:49 EDTKORSFitbit being sold at Macy's seen as near-term catalyst
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07:15 EDTAEOAmerican Eagle risk/reward remains compelling, says Susquehanna
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August 20, 2015
16:18 EDTAEOAmerican Eagle CMO Michael Leedy resigning
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11:04 EDTAEOAnalysts split on outlook for American Eagle after results
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10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:02 EDTAEOAmerican Eagle should be bought on weakness, says SunTrust
After American Eagle reported stronger than expected Q2 results, SunTrust thinks the company's Q3 guidance was strong and conservative. The firm notes that some were disappointed that the retailer's Q3 comp guidance came in below expectations, but the firm says its recent checks on the company have been favorable, while its fundamentals should continue to improve. SunTrust reiterates a $19 price target and Buy rating on the shares.
08:00 EDTAEOAmerican Eagle downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded American Eagle to Equal Weight with an $18 price target to reflect balanced risk/reward and high expectations. The firm expects comp growth to decelerate, limiting share upside.
August 19, 2015
16:58 EDTAEOOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
14:32 EDTMRVLMarvell August volatility elevated into Q2 and outlook
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13:30 EDTAEOOn The Fly: Top stock stories at midday
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13:23 EDTAEOOptions with increasing call volume
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11:21 EDTAEOAmerican Eagle says priority to deliver capital to shareholders, improvement
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10:20 EDTAEOAmerican Eagle shares defended at Cowen
10:05 EDTAEOHigh option volume stocks
High option volume stocks: MNTA TUR ITB CLR HILL DV AU XLNK AEO CYBR
10:00 EDTMRVLOn The Fly: Analyst Upgrade Summary
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09:19 EDTAEOOn The Fly: Pre-market Movers
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08:03 EDTAEOAmerican Eagle sees Q3 EPS 28c-31c, consensus 28c
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08:02 EDTAEOAmerican Eagle reports Q2 EPS 17c, consensus 14c
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07:14 EDTMRVLMarvell upgraded to Buy from Neutral at Ladenburg
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