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Stock Market & Financial Investment News

News For RIMM;BLOX;KR;GES;DIS;ARO;TIF;LQDT;GPS;TGT;M;TKR From The Last 14 Days
Check below for free stories on RIMM;BLOX;KR;GES;DIS;ARO;TIF;LQDT;GPS;TGT;M;TKR the last two weeks.
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August 29, 2014
15:46 EDTDISDisney jv A&E in talks for Vice Media stake after Time Warner backs out, FT says
A&E Networks, a joint venture owned by Disney (DIS) and Hearst Corporation, is nearing a deal to pay $250M for 10% stake in Vice Media after the digital media company and Time Warner (TWX) failed to come to terms on a deal, said Financial Times. 21st Century Fox (FOXA) already owns a 5% stake in Vice. Reference Link
August 28, 2014
13:20 EDTTIFSignet climbs higher as company reports 'impressive' Q2 earnings
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12:34 EDTGESOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as concern over the Ukraine crisis overshadowed an upward revision to the government's estimate of U.S. economic growth in the second quarter. The major averages began the session in negative territory and picked up downside momentum in early trading, but soon after began to drift off their lows and recapture some of their losses. Volume remains light, as is expected ahead of the upcoming long weekend. ECONOMIC EVENTS: In the U.S., Q2 GDP growth was unexpectedly boosted to 4.2% from the first estimate of 4.0%. Personal consumption rose 2.5% during the second quarter, versus estimates for a 2.4% increase. Initial jobless claims ticked down slightly to 298K in the fourth week of August. Pending home sales index increased 3.3% in July, which was better than the 0.5% month-over-month increase that was expected. In Europe, Ukraine president Poroshenko reportedly accused Russia of a "de facto" invasion and canceled a trip to call an urgent meeting of his security and defense council. COMPANY NEWS: Shares of Visa (V) declined 1% after Raymond James lowered its rating on the credit card giant's stock to Market Perform from Outperform. The Dow component faces a number of headwinds, including tougher negotiating tactics by larger international banks looking to win better deals, lower cross-border volume, and loss of processing revenue in Russia, wrote Raymond James analyst Wayne Johnson. MAJOR MOVERS: Among the notable gainers was Repros Therapeutics (RPRX), which jumped 20% after the first of two identical pivotal studies comparing Androxal to an FDA approved topical gel and placebo achieved superiority in both co-primary endpoints and Piper Jaffray hiked its price target on the stock to $33 from $26. Also higher was Signet Jewelers (SIG), which rose nearly 7% after reporting Q2 results that analysts at Sterne Agee called "impressive." Among the noteworthy losers were a number of retailers who dropped after reporting results from their most recent fiscal quarters. Shares of home goods retailer William-Sonoma (WSM) dropped 11%, jeans maker Guess (GES) fell 9%, and apparel retailer Abercrombie & Fitch (ANF) slipped more than 4%. INDEXES: Near midday, the Dow was down 33.92, or 0.2%, to 17,088.09, the Nasdaq was down 4.52, or 0.1%, to 4,565.11, and the S&P 500 was down 2.04, or 0.1%, to 1,998.08.
12:03 EDTGES, GPSGuess hits 52-week low as Q2 results miss estimates, FY15 outlook lowered
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10:34 EDTAROAbercrombie drops as Q2 sales fall below analysts' estimates
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10:25 EDTGESHigh option volume stocks
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08:55 EDTGESOn The Fly: Pre-market Movers
HIGHER: Digital Ally (DGLY), up 16% after announcing order from Michigan State Police for over $1.1M... EnteroMedics (ETRM), up 12.4% after reporting three-year data from Maestro RC system... Repros (RPRX), up 0.8% after Androxal achieves superiority in both co-primary endpoints in a study... Synthetic Biologics (SYN), up 2.7% after Pfizer (PFE) was granted FDA Fast Track designation for its investigational Clostridium difficile vaccine candidate. Synthetic Biologics announced earlier this week that SYN-004, the company's lead anti-infective product candidate for the prevention of the effects of C. difficile, will be presented in October... Signet (SIG), up 3.9% after Q2 revenue tops consensus. DOWN AFTER EARNINGS: Abercrombie & Fitch (ANF), down 5.7%... Guess (GES), down 8.3%... Frontline (FRO), down 7%. ALSO LOWER: Williams-Sonoma (WSM), down 10.9% after downgraded at Morgan Stanley following the company's Q2 earnings report... GT Advanced (GTAT), down 2% after downgraded at Raymond James... Sungy Mobile (GOMO), down 20.1% following earnings report, CFO resignation, downgrade of stock at Oppenheimer... Genesco (GCO), down 7.7% after cutting fiscal year forecast.
08:05 EDTTIFTiffany Q2 results, guidance favorable, says Oppenheimer
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07:38 EDTTIFTiffany price target raised to $112 from $104 at Credit Suisse
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07:26 EDTDISDisney submits patents for drones for entertainment uses, NY Post says
Disney has filed three patents for entertainment strategies that employ drones, such as the use of unmanned flying vehicles to move giant puppets, according to The New York Post. Reference Link
07:15 EDTGESGuess price target lowered to $21 from $25 at Piper Jaffray
Piper Jaffray cut its price target on Guess after the company reported weaker than expected Q2 results and lowered its guidance. The firm keeps a Neutral rating on the shares.
August 27, 2014
18:38 EDTGESOn The Fly: After Hours Movers
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18:15 EDTTIFTiffany stock should continue higher, Barron's says
Tiffany shares are up after reporting Q2 results and shares should continue higher as sales continue their trends, Barron's contends in its 'Barron's Take' column. The company's leadership transition should be smooth, the paper adds. Reference Link
17:26 EDTTIFTiffany files automatic mixed securities shelf
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16:10 EDTGESGuess drops 8% after Q2 miss, lower than expected guidance
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16:10 EDTGESGuess now sees FY15 EPS $1.05-$1.20, consensus $1.46
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16:08 EDTGESGuess sees Q3 EPS 15c-20c, consensus 37c
Sees Q3 revenue $590M-$600M, consensus $612.98M. Sees Q3 operating margin between 3.5% and 4.5%.
16:07 EDTGESGuess reports Q2 EPS 26c, consensus 29c
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15:27 EDTGESNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Workday (WDAY), consensus (14c); Williams-Sonoma (WSM), consensus 53c; Bally Technologies (BYI), consensus $1.22; Guess (GES), consensus 29c; Lannett (LCI), consensus 58c; Greif (GEF), consensus 84c.
15:08 EDTGESGuess technical comments ahead of results
In the past three months the stock has underperformed most indexes, trading down by over 4%. The trend since early July has been bearish. Sentiment in the name is strongly bearish, with over 12% of the float short according to the most recent report. On good news that exceeds even bullish expectations, this large short-base could lead to a short-covering squeeze. In that event, resistance levels to watch as potential upside objectives are at $27.30, $28.45, and $31.55. It would take a move above $35 to turn the longer-term trend bullish again. On bad news that is worse than the most pessimistic estimates, support would be at $24.60 which is the 52-week low. On a breakdown below that low, next supports would be at $22.66 and $19.56 on an extreme move.
13:02 EDTGESGuess September volatility elevated into Q2 and outlook
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11:32 EDTTIFTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
10:13 EDTTIFHigh option volume stocks
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09:22 EDTTIFOn The Fly: Pre-market Movers
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08:55 EDTTIFTiffany sees "healthy' increase in FY operating margin
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07:03 EDTTIFTiffany raises FY15 EPS view to $4.20-$4.30 from $4.15-$4.25
Consensus is $4.29. Sees worldwide net sales increasing by a high-single-digit percentage. Other assumptions include: Opening 10 Company-operated stores and closing three existing stores: opening four in the Americas, two in Asia-Pacific, two in Japan, and one each in Europe and Russia, while closing one each in the Americas, Asia-Pacific and the U.A.E. Operating margin increasing due to a higher gross margin and SG&A expense growth less than sales growth. Interest and other expenses, net of $65 million with the increase over 2013 reflecting the interest cost on higher average levels of net-debt. An effective income tax rate of 35%. A 6% increase in net inventories. Capital expenditures of $270 million, versus $221 million last year, with the increase largely reflecting incremental investments in certain information technology systems. Free cash flow of at least $400 million.
07:02 EDTTIFOptions expected to be active
Options expected to be active: TIVO TIF SWHC ARUN BOBE ADI
07:01 EDTTIFTiffany reports Q2 EPS 96c, consensus 85c
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06:36 EDTTGTNordstrom, Target launching Instagram platform, CNBC says
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August 26, 2014
15:58 EDTKRKroger: Food 4 Less and unions reach tentative agreement
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15:53 EDTTIFTiffany September 100 straddle priced for 6.1% move into Q2
15:47 EDTTIFTiffany may be poised to top consensus, WSJ says
Analysts are upbeat about Tffany's second quarter results and they should be proven right once again, as strength in Japan and a positive shift in the timing of the Ramadan holiday may help the jeweler beat FactSet consensus forecasts that "seem conservative," according to The Wall Street Journal's "Ahead of the Tape" column. Reference Link
15:36 EDTTIFNotable companies reporting before tomorrow's open
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15:02 EDTTIFTiffany September volatility increases into Q2 and outlook
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14:45 EDTDISESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
14:09 EDTTIFTiffany technical comments before earnings
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09:35 EDTDISNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 25, 2014
06:19 EDTTGTU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link
August 24, 2014
21:53 EDTTGTNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 22, 2014
12:20 EDTGPSOn The Fly: Midday Wrap
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12:08 EDTGES, GPSGap hits 52-week high following beat and raise quarter
Shares of specialty apparel retailer The Gap (GPS) are advancing after the company posted better than expected second quarter results, and raised its fiscal 2014 profit outlook. WHAT'S NEW: Last night, Gap reported Q2 earnings per share of 75c and revenue of $3.98B, topping analysts’ consensus estimates of 69c and $3.96B, respectively. Q2 same store sales were flat versus the prior year period. WHAT’S NOTABLE: For FY14, Gap raised its EPS view to $2.95-$3.00 from $2.90-$2.95, versus consensus of $2.95. The company updated its guidance for FY14 diluted EPS to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies. Gap also announced it will enter India through franchise-operated Gap brand stores in 2015. Gap is partnering with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies. The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The brand plans to open about 40 franchise-operated Gap stores in India. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Research firm Janney Capital upgraded Gap to Buy from Neutral. The firm upgraded shares based on the overall improving Softlines sector due to an inventory correction, Old Navy strength, global opportunities, potential improved gross margin returns on inventory investment, and best-in-class management. Their price target on the shares is $51. Another firm, UBS, said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive comps driven by ecommerce. UBS has a Buy rating and a $50 price target on the stock. Sterne Agee says Gap’s valuation is very attractive. The firm believes that Gap's fundamentals are improving, while the setup for the stock over the next 12-18 months is favorable. It adds that the company's gross margins should be boosted by several factors going forward, and it kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Gap rose $2.04, or 4.7%, to $45.22 on heavy trading volume. Earlier in the session, it reached a new 52-week high of $45.47. Including today’s advance, the stock has gained over 7.5% over the past twelve months. OTHERS TO WATCH: Other specialty apparel companies include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), and The Buckle (BKE).
10:19 EDTGPSGap hits a fresh 52-week high, levels to watch
Following an earnings beat last night after the close, the shares have traded to a fresh 52-week high at $45.46. That move may presage a climb to the life highs in the higher $40s. Next resistance above the new high is at $46.18. Support is at $44.68.
10:06 EDTGESGuess upgraded to Buy from Hold at Standpoint Research
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10:01 EDTGPSOn The Fly: Analyst Upgrade Summary
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09:07 EDTGPSGap valuation very attractive, says Sterne Agee
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09:05 EDTGPS, AROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: GameStop (GME), up 7.1%... Foot Locker (FL), up 3%... Qunar (QUNR), up 6.9%... The Fresh Market (TFM), up 6.5%... Ross Stores (ROST), up 3.8%. ALSO HIGHER: El Pollo Loco (LOCO), up 5.3% after signing franchisee to 20 unit expansion agreement in Texas... Gap (GPS), up 2.8% after upgraded at Janney Capital following Q2 results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015. DOWN AFTER EARNINGS: Aeropostale (ARO), down 8%... Ann Inc (ANN), down 2.7%. ALSO LOWER: Ampio (AMPE), down 4.4% after downgraded at Jefferies...
07:38 EDTGPSGap well positioned for upside, says UBS
UBS said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive cops driven by ecommerce. Shares of Gap are Buy rated with a $50 price target.
07:37 EDTTIFTiffany September volatility up into Q2 and outlook
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07:16 EDTGPSGap upgraded at Janney Capital
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06:20 EDTGPSGap upgraded to Buy from Neutral at Janney Capital
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06:20 EDTAROOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTGPS, AROOn The Fly: After Hours Movers
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16:09 EDTAROAeropostale sees Q3 EPS (44c)-(48c), consensus (33c)
The effective tax rate for Q3 is projected to be approximately 4.0%. This outlook does not include the impact of any store impairments or accelerated store closure costs which may be identified, consulting fees, and severance costs related to the company's previous CEO.
16:08 EDTAROAeropostale reports Q2 EPS ex-charges (46c), consensus (49c)
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16:06 EDTGPSGap announces plans to open first franchise-operated Gap stores in India in 2015
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16:05 EDTGPSGap raises FY14 EPS view to $2.95-$3.00, consensus $2.95
The company updated its guidance forFY14 diluted EPS to be in the range of $2.95-$3.00, to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies.
16:01 EDTGPSGap reports Q2 EPS 75c, consensus 69c
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15:15 EDTARO, GPSNotable companies reporting after market close
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10:35 EDTMSears falls after reporting Q2 loss that more than doubled analyst projections
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10:07 EDTGESGuess falls after Chief Design Officer latest to leave
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09:07 EDTGESOn The Fly: Pre-market Movers
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08:45 EDTTIFTiffany new T Collection positive, says Sterne Agee
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07:24 EDTTGTTarget margins likely to remain under significant pressure, says MKM Partners
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07:08 EDTTGTTarget shares attractive, says Wells Fargo
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06:43 EDTGESGuess management turnover concerning, says Piper Jaffray
Piper Jaffray says it remains concerned with the continued pattern of management turnover at Guess after the company disclosed the departure of its Chief Design Officer. Piper believes it will take longer to turn around the Guess brand and keeps a Neutral rating on the stock.
06:40 EDTGESGuess discloses resignation of Chief Design Officer
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August 20, 2014
12:37 EDTTGTOn The Fly: Midday Wrap
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11:11 EDTTGTTarget sees Q3 EBITDA to benefit from expense optimization, Q3 SSS flat to up 1%
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08:31 EDTMMacy's reaches agreement with NY AG on racial profiling allegations
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08:04 EDTTGTTarget reports Q2 U.S. segment SSS flat
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08:03 EDTTGTTarget cuts FY14 adjusted EPS view to $3.10-$3.30 from $3.60-$3.90
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08:02 EDTTGTTarget sees Q3 adjusted EPS 40c-50c, consensus 65c
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08:01 EDTTGTTarget says better U.S. sales have continued into August
"While results from the quarter didn’t meet our expectations, we are seeing some early signs of progress as we work to improve results in the U.S. and Canada,” said John Mulligan, executive vice president and CFO of Target Corporation. “In the U.S., traffic trends continue to recover and monthly sales are improving, with July comparable sales up more than 1 percent. Better U.S. sales have continued into August, driven by early back-to-school results. In Canada, the team is making important changes to operations and the merchandise assortment with a focus on delivering improved results by this holiday season.”
08:01 EDTTGTTarget reports Q2 adjusted EPS 78c, consensus 79c
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August 19, 2014
15:16 EDTTGTNotable companies reporting before tomorrow's open
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14:42 EDTTGTTarget August weekly 59.5 straddle priced for 2.4% move into Q2
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14:22 EDTKRGabelli liquidates 8.99% stake in Vitacost.com
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13:04 EDTTGTTarget technical comments before earnings
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13:00 EDTTGTEarnings Preview: Target cuts Q2 EPS view to reflect flat U.S. segment SSS
Target (TGT) is scheduled to report second quarter results before the market open on Wednesday, August 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of 79c on revenue of $17.38B, according to First Call. The consensus range for EPS is 78c-91c on revenue of $17.28B-$17.5B. LAST QUARTER: Target reported first quarter adjusted EPS of 70c on revenue of $17.05B, against estimates for 71c and $17.01B, respectively. U.S. comparable sales decreased 0.3% in Q1, near the high end of the expected range. Target was unable to estimate future expenses related to the data breach that occurred in the fourth quarter of 2013, but said costs may have a "material adverse effect" on Q2 and FY14 results. NEWS: In July, Target named Brian Cornell as chairman and Chief Executive Officer, effective August 12. Cornell most recently served as the CEO of PepsiCo (PEP) Americas Foods. Chief Financial Officer and former interim CEO John Mulligan previously told CNBC that he would be "happy" transitioning back to CFO role. The company cut its Q2 adjusted EPS guidance to "within a range around 78c" from 85c-$1.00, which excluded approximately 2c related to the expected reduction of its beneficial interest asset, as well as any net expenses related to the data breach. The updated guidance reflects U.S. Segment essentially flat comparable sales with lower-than-expected EBITDA margin driven by promotional markdowns, as guests continue to spend cautiously and focus on value in the current environment, and Canadian segment's somewhat softer-than-expected sales combined with the impact of continued investments to clear excess inventory. The Q2 results are also expected to include gross expenses of $148M related to the December 2013 data breach. Mulligan commented that the environment in both the U.S. and Canada "continues to be challenging, and results aren’t yet where they need to be," but noted that the retailer is making progress in efforts to drive U.S. sales and traffic and improve Canadian operations. Target plans to extend the hours at over 50% of its U.S. locations in an effort to increase the number of customers who shop later in the day, according to the Wall Street Journal, citing a spokesperson. STREET RESEARCH: Goldman downgraded Target to Neutral from Buy and cut its price target to $59 from $65 to reflect estimate cuts following the Q2 pre-announcement, lack of catalysts, and e-commerce devaluation of general merchandise retailers. Baird thinks that Target may see better results later in 2014 and could restart its share buybacks at some point in the second half of the year, but sees stiff competition in Target's space. Wells Fargo wrote that the costs related to the data breach are on track to come in well below the $1B that some had initially feared. PRICE ACTION: Target shares are up almost 2% over the past three months. In intra-day trading ahead of tomorrow's earnings report, shares are up more than 1% to $59.35.
11:53 EDTAROAeropostale soars as Geiger returns as CEO
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10:49 EDTAROAeropostale breaks out as Geiger returns as CEO
The $3.50 level has been the top of the trading range, a base, since June of this year. With price currently at $3.80, the shares have bullishly broken out of the range. Longer base breakouts typically persist for some time following the break. At current price next resistance is at $3.98. Support is at $3.50. For the breakout to remain valid, share price needs to close today well above that $3.50 mark.
10:13 EDTGESOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
09:07 EDTAROOn The Fly: Pre-market Movers
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07:07 EDTTGTTarget weekly volatility increases into Q2 and outlook
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06:56 EDTAROAeropostale CEO change may not help much, says Wells Fargo
After Aeropostale announced that its longtime former CEO, Julian Geiger, would return to the role, Wells Fargo thinks that Geiger may not be able to solve the company's positioning problems. According to the firm, the company was known for providing basics, but consumers are not willing to pay for basics anymore. The firm keeps a Market Perform rating on the shares.
06:22 EDTBLOXInfoblox FY15 outlook likely to miss consensus, says Citigroup
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06:12 EDTGESGuess downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Guess to Neutral saying the company's turnaround could take more time to play out.
August 18, 2014
18:21 EDTAROOn The Fly: After Hours Movers
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17:04 EDTAROAeropostale up 7% after CEO change, Q2 guidance
16:36 EDTAROAeropostale sees Q2 adjusted EPS (45c)-(42c), consensus (58c)
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16:32 EDTAROAeropostale announces Julian Geiger to rejoin company as CEO
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11:05 EDTTGTOptions with increasing implied volatility
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08:02 EDTKRKroger completes merger with Vitacost.com
Kroger (KR) and Vitacost.com (VITC) announced the successful completion of Kroger's tender offer to purchase all outstanding shares of common stock of Vitacost.com for $8.00 per share in cash. The tender offer expired at 5:00 p.m., Eastern Daylight Time, on August 15, 2014. Kroger expects to complete the acquisition of the remaining eligible Vitacost.com shares not acquired in the tender offer later today through a merger under Section 251h of the General Corporation Law of the State of Delaware. Following completion of the merger, Vitacost.com shares will cease to be traded on the NASDAQ Global Market, which is expected to take effect later today.
07:21 EDTTGTTarget extends stores hours in effort to up later business, WSJ says
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06:09 EDTAROAeropostale volatility elevated into Q2 and new leadership outlook
Aeropostale September call option implied volatility is at 93, October is at 75, January is at 85; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 21.
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