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Stock Market & Financial Investment News

News Breaks
June 24, 2014
04:55 EDTPIR, PIR, PLCE, PLCE, DAR, DAR, JACK, JACK, MA, MA, BBY, BBY, POOL, POOL, CRI, CRI, JAH, JAH, LTM, LTM, TIF, TIF, DRI, DRIOppenheimer to hold a conference
14th Annual Consumer Conference to be held in Boston on June 24-25.
News For PIR;TIF;LTM;JAH;CRI;POOL;BBY;MA;JACK;DAR;PLCE;DRI From The Last 14 Days
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October 26, 2014
13:23 EDTMAMasterCard looks reasonable, Barron's says
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October 24, 2014
08:41 EDTLTMLife Time Fitness will convert to REIT, says Stifel
Following Life Time Fitness' Q3 results conference call, Stifel says the question is not if but when the company will convert to a REIT. The firm notes that the company's revenue comp guidance has improved, and it thinks the business is well-positioned to deliver enhanced returns going forward. The firm keeps a Buy rating on the shares.
08:24 EDTBBYBofA/Merrill turning more positive on Best Buy
BofA/Merrill said it is turning more positive on Best Buy and raised estimates and its price target to $40 from $36 ahead of the Q3 report in November. The firm cites strong iPhone 6 sales and other new products for driving an increase in its Q3 comp forecast and expects the company to achieve its $1B cost savings target. BofA/Merrill expects steady margin expansion and shares repurchases to resume in 2015, which will add to earnings growth. Shares are Buy rated.
October 23, 2014
10:42 EDTCRI, LTMHigh option volume stocks
High option volume stocks: ALIM ROC CAKE MDXG SMH CFX CRI INFN LTM
08:53 EDTJAHJarden expects margin improvement in Q4
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08:52 EDTJAHJarden backs FY14 EPS guidance of 'in-line with street estimates'
The company sees foreign exchange rate, excluding Venezuela, impacting FY14 revenue by $60M-$90M. The company expects to generate $650M in cash flow from operations in FY14. Management stated that the company is mindful of movements in the Euro. Currency was a mild headwind in FY14 and could have a significant impact on FY15. Comments provided during Q3 earnings conference call.
08:08 EDTLTMLife Time Fitness narrows FY14 EPS view to $3.03-$3.08 from $3.00-$3.10
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08:07 EDTLTMLife Time Fitness reports Q3 adjusted EPS 88c, consensus 86c
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07:46 EDTJAHJarden anounces 3-for-2 stock split
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07:23 EDTJAHJarden reports Q3 adjusted EPS $1.17, consensus $1.16
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06:20 EDTCRICarter's sees FY14 adjusted EPS growth of 14%-16%, consensus $3.91
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06:20 EDTCRICarter's sees Q4 adjusted EPS growth of 20%-25%, consensus $1.32
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06:19 EDTCRICarter's reports Q3 adjusted EPS $1.27, consensus $1.24
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October 22, 2014
11:14 EDTLTMHigh option volume stocks
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10:12 EDTBBYBest Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
08:36 EDTBBYBest Buy reiterated as a top pick ahead of holiday season at Barclays
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October 21, 2014
11:57 EDTJACKChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
11:15 EDTCRIHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
October 17, 2014
10:00 EDTTIFOn The Fly: Analyst Initiation Summary
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05:32 EDTTIFTiffany initiated with an Equal Weight at Barclays
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