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Stock Market & Financial Investment News

News Breaks
December 28, 2012
06:09 EDTRIMM, YHOO, HD, LOW, FBOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: American consumers are worrying more about the economic outlook, according to a report by The Conference Board, suggesting they have begun focusing on possible tax increases and government spending cuts next year. Their consumer confidence index fell six percentage points in December from a month earlier to 65.1, its lowest level since August, the Wall Street Journal reports...High-frequency trading firms are fighting to fend off regulation as scrutiny of their practice of unleashing blizzards of orders coincides with repeated technical glitches in the markets, the Wall Street Journal reports...REUTERS: China announced tighter Internet controls, legalizing the deletion of posts or pages which are deemed to contain "illegal" information and requiring service providers to turn over that information to the authorities, Reuters reports...Smart investors can get things wrong in the fast-evolving technology sector, where once hot global names like Research in Motion (RIMM) and Yahoo (YHOO) can quickly become yesterday's news. One warning sign: When tech firms make acquisitions outside of its main area of expertise to move into new product lines, Reuters reports...BLOOMBERG: Home Depot (HD) and Lowe’s Cos. (LOW) have the most at stake among retailers facing a dockworkers’ strike, with possible port closings cutting off shipments coming just before the lucrative gardening season, Bloomberg reports...IPOs this year fell to the lowest level since the financial crisis as signs of an economic slowdown and Facebook’s (FB) disappointing debut slowed demand and prompted companies to push back sales. IPOs raised $112B worldwide this year, the least since 2008, according to Bloomberg data. U.S. offerings raised $41B, little changed from last year, Bloomberg reports.
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August 20, 2014
06:08 EDTLOWLowe's CEO says 'home improvement spending will continue to progress'
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06:05 EDTLOWLowe's sees FY14 EPS approximately $2.63, consensus $2.61
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06:04 EDTLOWLowe's reports Q2 EPS $1.04, consensus $1.02
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August 19, 2014
17:28 EDTHDHome Depot still looks undervalued, Barron's says
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16:00 EDTHDOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
15:16 EDTLOWNotable companies reporting before tomorrow's open
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13:21 EDTHD, LOWEarnings Preview: Lowe's trading higher ahead of Q2 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its second quarter before the market open on Wednesday, August 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.02 on revenue of $16.55B, according to First Call. The consensus range for EPS is 96c-$1.06 on revenue of $16.16B-$16.79B. LAST QUARTER: Lowe's reported first quarter EPS of 61c, beating analyst's estimates of 60c, on revenue of $13.4B against estimates for $13.86B. The company also reported Q1 same-store sales rose 0.9%. Lowe's raised its fiscal year 2014 EPS guidance to approximately $2.63 from $2.60 against estimates at that time for $2.62 and said it expects revenue up 5% in this fiscal year compared to last. Lowe's said it expected to open 10 home improvement and 5 hardware stores in 2014 and expects its FY14 SSS to increase approximately 4%. The company expects to repurchase $3.4B of stock this fiscal year. NEWS: During the quarter, Lowe's named Paul Ramsay as Chief Information Officer. The company also raised its quarterly dividend 27.8% to 23c per share. STREET RESEARCH: Deutsche Bank lowered its estimates for both Lowe's and Home Depot (HD) after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Morgan Stanley initiated Lowe's with an Equal Weight rating and $50 target in June. Canaccord downgraded Lowe's to Sell from Hold due to slowing housing momentum, management changes, and difficult competition. PRICE ACTION: Over the last three months, Lowe's shares are up almost 14%. In morning trading ahead of tomorrow's report, Lowe's is up nearly 3% to $51.89.
12:42 EDTHDOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
11:41 EDTLOW, HDHome Depot rises as results beat estimates, company raises guidance
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09:58 EDTHDHome Depot sees rate of comp growth for 2H about 80bps higher than 1H
Sees Q4 as higher comp quarter than Q3, but slightly under what was reported for Q2.
09:38 EDTFB, HDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:24 EDTHDHome Depot says 'very pleased' with August sales performance
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09:20 EDTHDHome Depot sees FY14 gross margin up 'a few' bps from FY13
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09:07 EDTHDOn The Fly: Pre-market Movers
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07:35 EDTHDHome Depot exceptional results reinforce positive thesis, says RW Baird
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07:31 EDTHDHome Depot: Q2 spring seasonal businesses rebounded
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06:03 EDTHDHome Depot raises FY14 EPS to $4.52 from $4.42, consensus $4.41
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06:01 EDTHDHome Depot reports Q2 SSS up 5.8%; US comp sales up 6.4%
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06:01 EDTHDHome Depot reports Q2 EPS $1.52, consensus $1.45
Reports Q2 revenue $23.81B, consensus $23.61B
05:48 EDTYHOOStocks with implied volatility movement; AEO YHOO
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