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Stock Market & Financial Investment News

News Breaks
March 26, 2013
12:07 EDTNLY, GES, TIBX, UTHROptions with decreasing implied volatility: FRAN TIBX GES NLY UTHR
News For NLY;GES;TIBX;UTHR From The Last 14 Days
Check below for free stories on NLY;GES;TIBX;UTHR the last two weeks.
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August 22, 2014
12:08 EDTGESGap 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).
10:06 EDTGESGuess upgraded to Buy from Hold at Standpoint Research
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August 21, 2014
10:07 EDTGESGuess falls after Chief Design Officer latest to leave
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09:07 EDTGESOn The Fly: Pre-market Movers
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06:43 EDTGESGuess management turnover concerning, says Piper Jaffray
Piper Jaffray says it remains concerned with the continued pattern of management turnover at Guess after the company disclosed the departure of its Chief Design Officer. Piper believes it will take longer to turn around the Guess brand and keeps a Neutral rating on the stock.
06:40 EDTGESGuess discloses resignation of Chief Design Officer
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August 19, 2014
10:13 EDTGESOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
06:12 EDTGESGuess downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Guess to Neutral saying the company's turnaround could take more time to play out.
August 18, 2014
11:41 EDTUTHRCubist rises after report sparks takeover interest speculation
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August 14, 2014
10:05 EDTGESOn The Fly: Analyst Initiation Summary
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06:07 EDTGESGuess initiated with a Buy at Wunderlich
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August 13, 2014
08:04 EDTTIBXTIBCO holder Praesidium urges company to conduct formal sale process
Praesidium Investment Management, which beneficially owns approximately 5.4M shares of TIBCO Software, announced last night that it sent a letter to TIBCO's Board of Directors, in which it stated in part: "We were happy to read in the Wall Street Journal that TIBCO Software has started to reach out to potential acquirers. We support the Company's exploration of a potential sale as a way to maximize shareholder value. However, the article states that the talks are not part of a formal process and are being spearheaded by TIBCO's CEO, Vivek Ranadive. We strongly believe that a rigorous, formal process is required in order for the Board to make a fully informed decision in good faith regarding whether a sale, a stand-alone strategy or another alternative is in the best interests of the Company's shareholders. In order to avoid conflicts of interest, we think that it is imperative that the Board form a special committee of independent directors and that the special committee engage with an investment bank and legal advisors...We believe the Board has an opportunity to create a significant amount of value for shareholders through a formal and well run sales process. Praesidium, as a large, long-term TIBCO shareholder, would be more than willing to assist the special committee in pursuit of maximizing value for TIBCO shareholders. We intend to provide the Board our analysis and views on who we see as the potential strategic acquirers and how TIBCO's products would fit with each."
August 11, 2014
11:21 EDTTIBXTIBCO management to meet with JMP Securities
Meeting to be held in Palo Alto, CA on August 14 hosted by JMP Securities.

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