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Stock Market & Financial Investment News

News Breaks
December 28, 2012
06:09 EDTHD, FB, YHOO, LOW, RIMMOn 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.
News For RIMM;YHOO;HD;LOW;FB From The Last 14 Days
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May 19, 2015
09:24 EDTHDHome Depot sees FY15 EPS $5.24-$5.27, consensus $5.23
Says if exchange rates remain where they are today, EPS would be approx. $5.24. On currency neutral basis, sees FY15 EPS up 12% to $5.27.
09:19 EDTHDHome Depot sees repurchasing $3.4B of stock for remainder of year
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07:43 EDTYHOOJPMorgan to hold a conference
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06:11 EDTHDHome Depot: Impact of reclassification was increase of $128M to cost of sales
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06:10 EDTHDHome Depot FY15 EPS guidance does not include losses related to data breach
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06:08 EDTHDHome Depot raises FY15 EPS growth to 11%-12%, consensus $5.23
Raises FY15 revenue growth to 4.2%-4.8% from 3.5%-4.7%, consensus $86.87B. Sees FY15 comp sales to be up 4%-4.6%.
06:05 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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06:04 EDTHDHome Depot reports Q1 comparable store sales up 6.1%
Reports Q1 comparable sales for US stores were up 7.1%.
06:04 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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May 18, 2015
16:00 EDTFB, HDOptions Update; May 18, 2015
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15:37 EDTHDHome Depot May 114 weekly straddle priced for 3.1% movement into Q1
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15:32 EDTHDHome Depot technical notes ahead of earnings
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15:00 EDTHDNotable companies reporting before tomorrow's open
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13:49 EDTHDEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
11:16 EDTFBFacebook says move to digital ads from TV and print is 'in early days'
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11:09 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
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10:37 EDTFBFacebook ramps up interest in games, The Information reports
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09:36 EDTFBActive equity options trading on open
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08:22 EDTFBVerizon deal has multiple positive catalysts, says Wells Fargo
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07:27 EDTFBJPMorgan to hold a conference
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