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Stock Market & Financial Investment News

News For ARP;ZTS;OII;NCS;NILE;SSH;PTEN;NOV;HP;SFLY;OIS;NBR;EW;SPN;PDS From The Last 14 Days
Check below for free stories on ARP;ZTS;OII;NCS;NILE;SSH;PTEN;NOV;HP;SFLY;OIS;NBR;EW;SPN;PDS the last two weeks.
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August 31, 2014
12:54 EDTOISBarclays to hold a conference
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12:50 EDTEWEuropean Society of Cardiology to hold a conference
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August 27, 2014
11:32 EDTNILETiffany 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.
August 26, 2014
07:21 EDTOIIMorgan Stanley to hold a summit
Houston Energy Summit to be held in Houston on August 26-27.
August 24, 2014
21:54 EDTEWPiper Jaffray to hold a bus tour
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August 21, 2014
08:29 EDTEWEdwards Lifesciences price target raised to $120 from $97 at JMP Securities
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August 20, 2014
17:32 EDTOISOil States announces extension of share buyback program
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13:23 EDTSFLYShutterfly climbs higher after Hellman, others submit acquisition offers
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12:37 EDTSFLYOn The Fly: Midday Wrap
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11:47 EDTSFLYShutterfly more likely to be acquired by private equity firm, says RW Baird
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10:40 EDTSFLYShutterfly calls active on PE firms bidding report
Shutterfly September 55 and 60 calls are active on total call volume of 3K contracts (1K puts) on Hellman & Friedman is one of the private equity firms that submitted takeover bids to acquire, Bloomberg reports. September call option implied volatility is at 38, December is at 32, January is at 27; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:29 EDTSFLYHellman among PE firms bidding for Shutterfly, Bloomberg reports
Hellman & Friedman is one of the private equity firms that submitted takeover bids to acquire Shutterfly, Bloomberg reports, citing people with knowledge of the matter. Shutterfly could be valued at about $2B in a sale, but the company has received little interest from technology and Internet names, Bloomberg adds. Shares of online photo service rallied 3%, or $1.31, to $51.15 following the report. Reference Link
10:21 EDTSFLYShutterfly valued at about $2B by bidders, Bloomberg reports
10:20 EDTSFLYHellman & Friedman submitted bid to acquire Shutterfly, Bloomberg says
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August 19, 2014
08:39 EDTNOVNational Oilwell price target raised to $100 from $92 at FBR Capital
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07:58 EDTZTSZoetis management to meet with JPMorgan
Meeting to be held in Kansas City on August 25 hosted by JPMorgan.

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