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Stock Market & Financial Investment News

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May 22, 2014
10:29 EDTVJET, DTV, WWE, SHLD, JCP, ITMN, IBN, QIWI, WUBA, NSROptions with decreasing implied volatility
Options with decreasing implied volatility: NSR ITMN WWE WUBA JCP DTV QIWI SHLD VJET IBN
News For NSR;ITMN;WWE;WUBA;JCP;DTV;QIWI;SHLD;VJET;IBN From The Last 14 Days
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August 31, 2015
09:24 EDTJCPOn The Fly: Pre-market Movers
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09:09 EDTSHLDMP Associates to hold a conference
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06:54 EDTJCPJ.C. Penney upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Paul Trussell upgraded J.C. Penney to Buy and raised his price target for shares to $12 from $10. The retailer closed Friday up 47c to $8.94. Penny's target of mid-single-digit same-store-sales growth looks achievable while the company's brands and assortment look right, Trussell tells investors in a research note. Further, new CEO Marvin Ellison is bringing Penny "up the curve" in pricing and markdown optimization while reducing corporate redundancies, the analyst writes. He views the company as a "self-help story with multiple levers to pull."
August 28, 2015
09:21 EDTQIWIQIWI management to meet with JPMorgan
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06:03 EDTJCPJ.C. Penney implied volatility of 48 at lower end of index mean range
August 26, 2015
10:04 EDTIBNICICI Bank upgraded to Buy from Hold at Standpoint Research
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August 25, 2015
06:18 EDTSHLDSears names Lynn Pendergrass as Hardlines president
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August 21, 2015
08:21 EDTWUBA58.com provides a compelling opportunity, says Pacific Crest
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August 20, 2015
19:53 EDTJCPRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
10:28 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
06:08 EDTSHLDSears reports Q2 adjusted EPS ($2.40), one estimate ($2.50)
Reports Q2 revenue $6.2B, one estimate $5.72B. Reports Q2 SSS down 10.8%, comprised of decreases of 7.3% and 14.0% at Kmart and Sears Domestic, respectively, which accounted for $584M of the revenue decline.
05:14 EDTWUBA58.com sees Q3 revenue $195M-$200M, consensus $164.26M
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05:12 EDTWUBA58.com reports Q2 EPS (19c), consensus (46c)
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August 19, 2015
15:17 EDTWUBA58.com August volatility elevated into Q2 and outlook
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15:05 EDTSHLDSears August volatility elevated into Q2 and outlook
Sears August call option implied volatility is at 126, September is at 70; compared to its 52-week range of 44 to 122 suggesting large price movement into the expected release of Q2 results on Aug 20.
13:23 EDTJCPOptions with increasing call volume
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10:14 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
August 18, 2015
12:54 EDTSHLDEarnings Watch: Analysts bullish on Lowe's ahead of Q2 earnings
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report its second quarter earnings before the market open on Wednesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.24 on revenue of $17.27B, according to First Call. The consensus range for EPS is $1.21-$1.27 on revenue of $16.97B-$17.48B. LAST QUARTER: On May 20, Lowe's reported first quarter EPS of 70c on revenue of $14.13B, falling short of analysts' estimates of 74c and $14.28B, respectively. The company also said Q1 same-store sales rose 5.3% year-over-year. The company forecast fiscal year 2015 EPS of about $3.29 against estimates at the time of $3.31 and said it expects revenue to grow 4.5%-5%. Lowe's also forecast FY15 SSS to grow 4%-5% and added that it expected to open 15-20 home improvement and hardware stores in FY15. On its Q1 conference call, Lowe's forecast FY15 effective tax rate of approximately 38.1%, operating margin up 80-100 basis points, capital expenditures of roughly $1.4B, and cash flow from operations of approximately $5.1B. The company added that it continues to expect steady recovery within the housing market including positive trends in turnover and moderate home price appreciation. NEWS: On May 29, Lowe's announced that its board declared a 21.7% increase in its quarterly cash dividend to 28c per share, payable August 5 to shareholders of record as of July 22. On June 10, the company said at the Piper Jaffray Consumer Conference that it was seeing modestly improving wages and saw the income environment as constructive to the industry. It added that it was starting to see pickup from the bottom in housing and modest home price appreciation in 2015. At the Oppenheimer Global Consumer Conference on June 24, Lowe's said it was more focused on asset productivity than square footage, that it was contemplating new geographies, and that it expected to further capitalize on market opportunity in 2015. STREET RESEARCH: The day Lowe's reported Q1 earnings, Cantor Fitzgerald analyst Laura Champine lowered her price target for the company's shares to $68 from $75 due to lower-than-expected results. Cantor maintained its Hold rating on the stock. The same day, Bank of America Merrill Lynch said the company was still a top pick and reiterated its Buy rating, saying that, despite the Q1 earnings miss, it continued to expect Lowe's to benefit from investments. The day after Lowe's reported Q1 earnings, UBS said it believed the company's shares had room to run from at the time current levels. UBS reiterated its Buy rating for the company and lowered its price target to $82 from $83 on its shares. On June 8, Atlantic Equities initiated its coverage on Lowe's shares with a Neutral rating and a $79 price target. Exactly one week later, Wedbush upgraded Lowe's to Outperform from Neutral, saying it thought at the time that the company was benefiting from strong housing trends as well as Sears' (SHLD) increasing share losses, its previous investments, and macro tailwinds. Wedbush said the company will be a "winner" as long as interest rates remain low and increased its price target for the company's shares to $82 from $80. On June 30, BMO Capital upgraded Lowe's to Outperform and increased its price target to $81 from $73, citing expectations of stronger relative housing improvement and overall economic activity in Southeastern states, where Lowe's has a larger store footprint. BMO added that sales in the Pro segment could accelerate and potentially narrow the gap in comp-store sales with Home Depot (HD) if growth broadens in the coming months. On July 20, Deutsche Bank lowered its Q2 comparable sales and earnings estimates for both Lowe's and Home Depot below consensus to reflect "weak" industry data for building material, garden equipment, and supplies. Deutsche cut its Q2 comp estimate for Lowe's to 3.0% from 4.5% and earnings estimate to $1.23, below the consensus at the time of $1.25. Deutsche maintained its Buy rating on Lowe's stock. PRICE ACTION: Over the last three months, Lowe's shares are up fractionally. In early trading ahead of Wednesday's report, Lowe's are up over 1% to $73.34.
10:13 EDTJCPOptions with decreasing implied volatility
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06:03 EDTQIWIVisa and QIWI implement contactless payment technology
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