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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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January 15, 2015
08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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05:55 EDTKRSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
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January 14, 2015
09:30 EDTKRKroger Q4 trends ahead of expectations, says Cleveland Research
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January 13, 2015
14:04 EDTDISCalifornia connects 26 measles cases to Disneyland, Reuters says
Health officials in California have confirmed additional cases of measles in people who attended Disneyland (DIS) last month, increasing the number of people infected to 26, Reuters reports. Reference Link
11:58 EDTDISESPN sets cable ratings record for college championship game, Variety says
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10:20 EDTTIFTiffany test support of long-term uptrend, levels to watch
The stock was hammered yesterday after the company cut its FY14 EPS view to a range of $4.15 to $4.20. Today the downtrend continues with the shares last at $88.08. At that price the bottom of the bullish price channel that began in June 2012 is being tested. A breakdown below $88 would be long-term bearish for price. Next support below $88 is at $85.69. Resistance is at $89.01.
09:45 EDTTIFTiffany downgraded to Equal Weight from Overweight at Stephens
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09:00 EDTMMacy's names RLJ Lodging Trust CFO Leslie Hale to board of directors
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January 12, 2015
11:41 EDTTIFTiffany plummets after cutting fiscal 2014 profit outlook
Shares of jewelry and accessories retailer Tiffany (TIF) are sinking after the company lowered its profit outlook for fiscal 2014. Additionally, the company reported holiday sales for the two-month period ended December 31 were 1% below prior year levels. WHAT'S NEW: Tiffany this morning reported sales results for the two-month holiday period ended December 31. For the period, the company reported worldwide net sales of $1.02B, 1% below the prior year. Worldwide net sales increased 3% and comparable sales were even with the prior year on a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars. WHAT'S NOTABLE: Tiffany cut its FY14 net earnings per share view to $4.15-$4.20 from $4.20-$4.30, trailing analysts' consensus estimates of $4.32. Tiffany President and Chief Executive Officer Federic Cumenal said that the company is planning "cautiously" for the coming year. Cumenal noted that the company anticipates "significant headwinds from the stronger U.S. dollar against all of our key currencies that, as we experienced in the holiday period, negatively affects both the translation of results and sales to tourists in the U.S." Cumenal said that these factors are expected to result in the company planning low-to-mid single-digit sales and earnings growth in 2015. Cumenal also commented that "Despite these and other global economic pressures that we anticipate in the short-term, we believe that, when they abate, Tiffany will resume higher earnings growth rates based on stronger sales growth and increasing operating margins." ANALYST REACTION: This morning, research firm Sterne Agee lowered its price target for Tiffany to $110 from $121 citing the company's "disappointing" holiday comps and "soft" initial 2015 guidance. However, he firm kept a Buy rating on the name, and said it is encouraged by the company's relative strength in Asia-Pacific and Europe. PRICE ACTION: In late morning trading, Tiffany fell $12.15, or about 11.7%, to $91.30 on more than three times its average daily trading volume. Despite today's pull back, the shares have gained approximately 1% over the past 12 months. OTHERS TO WATCH: Tiffany & Co peers include Signet Jewelers (SIG), down 0.6%, and Blue Nile (NILE), down 2.2%.
10:17 EDTTIFTiffany price target lowered to $110 from $121 at Sterne Agee
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10:15 EDTTIFOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
09:30 EDTTIFOn The Fly: Pre-market Movers
HIGHER: Foundation Medicine (FMI) up 138.9% following transaction with Roche (RHHBY)... Celator Pharmaceuticals (CPXX), up 19.1% after announcing promising Phase 2 data for CPX-351... Second Sight (EYES), up 16.7% after Health Canada approves Argus II retinal prosthesis system... Aegerion (AEGR), up 7.8% after reporting preliminary fourth quarter results and guidance... Express (EXPR), up 4.5% after reporting preliminary fourth quarter results. NOTABLE: NPS Pharmaceuticals (NPSP), up 8.5% following acquisition by Shire (SHPG)... Shire is down 1.1% in pre-market trading. LOWER: Arrowhead (ARWR), down 20.9% after FDA clears company to begin modified study of ARC-520 in a preliminary call of a partial clinical hold... Tiffany (TIF), down 10.4% after lowering fiscal 2014 net EPS guidance... SanDisk (SNDK), down 10.1% after lowering fourth quarter outlook... Ascena Retail (ASNA), down 5.8% after lowering fiscal 2015 adjusted EPS view... Sarepta Therapeutics (SRPT), down 5.9% after reporting long-term outcomes from Phase IIb Eteplirsen study... Loral Space & Communications (LORL), down 3.6% following a NY Post article that reported that talks to sell itself to the Ontario Teachers’ Pension Plan have ended... Southwestern Energy (SWN), down 4.2% after filing to sell 20.3M shares of stock and 26M depository shares.
09:15 EDTDIS'Taken' seqeul knocks 'Hobbit' from top spot at box office, WSJ reports
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09:08 EDTGESJefferies Events at 17th Annual ICR XChange Conference
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07:47 EDTTIFTiffany volatility elevated into lower 2014 earnings outlook
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07:04 EDTTIFTiffany cuts FY14 net EPS view to $4.15-$4.20 from $4.20-$4.30
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07:03 EDTTIFTiffany reports holiday period worldwide net sales $1.02B
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06:35 EDTMObama to press for law requiring disclosure of hacking, NY Times says
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