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Stock Market & Financial Investment News

News For M;KR;GES;DIS;RIMM;LQDT;GPS;TIF;BLOX;TGT;TKR;ARO From The Last 14 Days
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November 12, 2014
08:04 EDTMMacy's says Q3 sales performance fell short of expectations
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08:03 EDTMMacy's lowers FY14 EPS view to $4.25-$4.35 from $4.40-$4.50
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08:01 EDTMMacy's reports Q3 EPS 61c, consensus 50c
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07:51 EDTDISDisney trades at a premium despite low forward growth, says Cowen
Cowen raised its price target on Disney shares to $83 from $75, but reiterated its Market Perform rating on Disney shares, citing the stock's premium trading valuation despite the lowest forward earnings growth of its peer group. The firm also cited higher sports programming costs, as well as difficulty envisioning outperformance to current estimates.
07:37 EDTTGTTarget shares overvalued, says MKM Partners
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November 11, 2014
18:19 EDTDISCBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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15:25 EDTMNotable companies reporting before tomorrow's open
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15:06 EDTMMacy's technical comments before earnings
The shares have been largely trading in a range of $55 at the low and $62 at the high in the year-to-date period. Ahead of results the shares are trading nearly in the middle of that range. Whether the news maintains the range or breaks it is the key. A move below $55 would be longer-term bearish, with the year-to-date price action becoming a clear topping pattern when viewed on a 5-year chart basis. Additional support levels below would be at $52.54 and $50.05. A move above $62 would be equally bullish, with the life high at $63.10 as next resistance. It would take a move above that life high to keep the shares on a bullish path. It is possible that the news won't be sufficiently strong to break the shares out, in which case the existing sideways trend channel would remain intact.
14:52 EDTMMacy's November 57.5 straddle priced for 5.8% move into Q3
12:09 EDTMEarnings Preview: Analyst says Macy's trends decelerated at back-end of Q3
Macy's (M) is scheduled to report third quarter earnings before the market open on Wednesday, November 12, with a conference call scheduled for 10:30 am ET. Macy's is a retailer that sell a range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods. EXPECTATIONS: Analysts are looking for earnings per share of 50c on revenue of $6.34B, according to First Call. The consensus range for EPS is 46c-55c on revenue of $6.24B-$6.46B. LAST QUARTER: Macy's reported second quarter EPS of 80c on revenue of $6.23B, below estimates for 86c and $6.3B, respectively. Same-store sales, together with comparable sales of departments licensed to third parties, were up 4% from the prior year. Q2 comparable sales were up 3.4% vs. 2Q13. Macy's backed its fiscal year 2014 EPS guidance of $4.40-$4.50. The consensus for FY14 EPS at that time was $4.47. The retailer said its expectations for the second half of 2014 were "on track," with guidance for comparable store growth of 2%-3%. However, Macy's predicted FY14 SSS up 1.5%-2%, with FY14 comparable sales together with comparable sales of departments licensed to third parties up 2%-2.5%; previous guidance was for FY SSS up 2.5%-3%. NEWS: On its last earnings conference call, Macy's forecast fall season EPS of $3.04-$3.14 and said it expected Q3 SSS would be lower than fourth quarter SSS. The retailer also forecast second half total sales growth approximately 30 basis points lower than comp growth and gross margin rate "flat to down slightly" for the year. During the quarter, Macy's reached a resolution with the New York State Office of the Attorney General related to allegations of racial profiling in its New York stores. The retailer said it will launch same-day delivery this fall and announced plans to hire 86,000 seasonal associates for the 2014 holiday season. CNN said Macy's will open at 6pm on Thanksgiving Day. STREET RESEARCH: Cleveland Research said Macy's trends decelerated at the back-end of Q3, likely pressuring Q3 comp performance. The analyst expects promotional activity to pick-up in Q4 in order to capture share and traffic. ITG Research said in October that Macy's Q3 revenues were tracking to $6.25B. Northcoast upgraded Macy's to Buy from Neutral on November 5. PRICE ACTION: Over the last three months, Macy's shares are down 2%. The stock is trading down fractionally to $58.92 ahead of tomorrow's report.
08:59 EDTMMacy's trends softened in back-end of Q3, says Cleveland Research
Cleveland Research said Macy's trends decelerated at the back-end of Q3, likely pressuring Q3 comp performance. The analyst expects promotional activity to pick-up in Q4 in order to capture share and traffic, and to offset the challenging Q3 performance. Shares are Buy rated.
07:49 EDTAROBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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November 10, 2014
15:57 EDTGPS, DISWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:08 EDTTGTTarget upgraded at Stifel
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07:22 EDTGPSU.S. Retail Softlines sector downgraded to Negative at Barclays
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07:12 EDTMCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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05:48 EDTGPSU.S. Retail Softlines industry cut to Negative at Barclays
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November 9, 2014
16:36 EDTDISDisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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