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February 19, 2013
09:13 EDTODP, ESRX, MRGE, CI, SPLS, AEO, WLP, UNH, OMX, PERY, BBY, AET, HUMOn The Fly: Pre-market Movers
HIGHER: Office Depot (ODP), up 28.8%, OfficeMax (OMX), up 22.3%, after WSJ says companies in advanced talks to merge. Rival Staples (SPLS) also up 14.8% after report... Merge Healthcare (MRGE), up 8.1% after quarterly report, concluding evaluation of strategic alternatives... Best Buy (BBY), up 4.8% after upgrades at Stifel Nicolaus, Barclays... American Eagle (AEO), up 3.4% following postive Barron's mention... LOWER: Humana (HUM), down 9.1% Unitedhealth (UNH), down 4.9%, Cigna (CI), down 4.7%, Aetna (AET), down 3%, Wellpoint (WLP), down 2.7%, after Centers for Medicare and Medicaid Services proposes policies to lower Medicare drug costs... UP AFTER EARNINGS: Express Scripts (ESRX), up 4.1%... DOWN AFTER EARNINGS: Perry Ellis (PERY), down 7.5%.
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February 23, 2015
06:28 EDTESRXExpress Scripts weekly volatility elevated into Q4 and outlook
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February 20, 2015
10:46 EDTPERYWest Coast dockworkers have not reached labor deal, CNBC reports
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10:11 EDTPERYWest Coast dockworkers reported to strike labor deal, CNBC says
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08:41 EDTUNH, AET, CIInsurers should be bought on weakness related to MA rates, says BMO Capital
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07:20 EDTSPLSWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
February 19, 2015
10:42 EDTHUMHumana discloses DoJ Civil Division request for information
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February 18, 2015
10:42 EDTPERYApparel makers beyond Perry Ellis seen hurt by port slowdown
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09:32 EDTBBYComarco files patent suit against Best Buy
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09:07 EDTPERYPerry Ellis announces new licensing partnership with Sensual, Inc.
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07:57 EDTCICigna management to meet with UBS
Field trip to company headquarters to be held in Bloomfield, CT on February 18 hosted by UBS.
07:21 EDTPERYPerry Ellis weakness a buying opportunity, says Wunderlich
Wunderlich recommends using the weakness in shares of Perry Ellis after the company announced a "weak" Q4 due to missed initial Spring shipments from the West Coast dock slowdown. The firm believes that almost all apparel companies will be negatively affected by the slowdown. It lowered its price target for shares to $29 from $30 and keeps a Buy rating on the name.
06:56 EDTCI, HUM, AET, WLP, UNHObamacare enrollment exceeded goal, Politico reports
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05:36 EDTESRXExpress Scripts to host investor meeting
Investor meeting to be held in St. Louis on February 25 at 8:30 am. Webcast Link
February 17, 2015
18:43 EDTPERYApparel stocks lower after Perry Ellis warns of West Coast port disruption
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18:13 EDTPERYPerry Ellis sees FY16 revenue $925M-$935M, consensus $955.12M
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18:06 EDTAETPaulson & Co gives quarterly update on stakes
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17:29 EDTESRXBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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17:28 EDTPERYPerry Ellis: West Coast port disruption impacts Q4, FY15 revenues by $23M
Perry Ellis International announced that based on its preliminary results for the fourth quarter and full year, the company is providing preliminary fourth quarter results and expected results for the 2015 fiscal year ended January 31, 2015. The announcement of the company's preliminary results was necessitated by the disruption at the West Coast ports, which caused shipments, originally intended for the fourth quarter to be received too late or post year end, thereby impacting sales. The company expects to report fourth quarter and fiscal year 2015 results the week of March 30, 2015. Oscar Feldenkreis, Vice Chairman, President and COO, Perry Ellis commented, "Our brands and businesses performed well during the fourth quarter, which resulted in positive comparable store sales in our direct-to-consumer business with comparable gross margins increased by 11 percent. The Company also saw solid performance in its brands across its retail customers enabling it to meet its profit goals and to reduce markdown assistance from prior year. We are equally encouraged as we transition into spring selling. The benefit of this solid performance was negatively impacted by prolonged port delays and foreign currency exchange. Like companies across industries, we are taking action to overcome the challenges presented by the West Coast ports situation. We have expanded our East Coast logistics pipeline in an effort to improve receipts and the delivery of goods to our retail partners."
16:47 EDTPERYPerry Ellis sees FY15 EPS 50c-53c,may not compare to consensus 94c
Sees FY15 total revenue to approximate $890M, may not compare to consensus $916.35M.
16:44 EDTPERYPerry Ellis sees Q4 EPS 1c-4c, may not compare toconsensus 43c
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