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Stock Market & Financial Investment News

News Breaks
March 5, 2012
08:49 EDTRL, LIZ, COLM, WRC, HBI, GIL, UA, PVH, KORS, VFC, GPSIndian cotton export ban likely to decrease supply, increase prices, WSJ says
India, the world's second-largest cotton exporter after the U.S., suddenly and without explanation banned cotton exports until further notice, which will likely tighten global supply and drive higher international prices, reported The Wall Street Journal. Reference Link
News For RL;VFC;KORS;PVH;UA;GIL;HBI;WRC;COLM;LIZ;GPS From The Last 14 Days
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September 5, 2014
07:27 EDTKORSMichael Kors volatility expected to move on offering of 11.63M shares for holder
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September 4, 2014
18:28 EDTGPS, KORSOn The Fly: After Hours Movers
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16:26 EDTKORSMichael Kors offers 11.63M shares for Sportswear Holdings
Michael Kors announced that it has launched a secondary public offering of ordinary shares pursuant to a shelf registration statement on Form S-3 filed with the SEC on behalf of Sportswear Holdings Limited, one of its principal founding shareholders, for the offering of 11.63M ordinary shares, representing all of the ordinary shares held by Sportswear Holdings. Effective as of the closing date of the offering, Lawrence Stroll and Silas Chou will resign from the company’s board. Following their resignation, the company’s board will be comprised of seven directors. J.P. Morgan Securities LLC will act as sole book-running manager for the offering.
16:24 EDTPVHOn The Fly: Closing Wrap
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16:05 EDTGPSGap falls in extended session trading, levels to watch
The stock is down after hours by 3.6% to $44.88. At that price next support is at $43.38. Resistance is at $45.43.
16:03 EDTGPSGap falls 3.7% after announcing August SSS drop, likely gross margin pressure
16:02 EDTGPSGap reports August SSS down 2%
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13:18 EDTPVHPVH Corp. price target raised to $137-$141 from $127-$132 at Wells Fargo
Wells Fargo increased its price target on PVH after the company reported higher than expected Q2 EPS and cited improved sales trends in August. The firm thinks the news has improved investors' confidence about the company's ability to meet second half estimates. Wells keeps a Market Perform rating on the shares.
09:16 EDTPVHPVH Corp. says 'cautiously optimistic' about 2H14
PVH Corp. (PVH) sees continued momentum of 5% whole sale growth for the spring season in its Tommy Hilfiger business. Says seeing early signs of positive consumer reception in European and Asian markets in its jeans business. Says Heritage business seeing pressure from promotional retail environment, but the unit remains well positioned for "strong growth" in the future. Says Izod brand is set to launch at all major Kohls (KSS) stores. Believes that this launch will drive the company's turnaround plan in 2H14. Says "well positioned" for targeted earnings growth. Says August sales trends in Calvin Klein and Tommy Hilfiger are currently ahead of sales plan. Continues to see debt pay-downs on track for $400M for the year. Comments made during the company's Q2 earnings conference call.
09:06 EDTPVHOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
07:47 EDTPVHPVH Corp. price target raised to $170 from $150 at UBS
UBS raised its price target on PVH to $170 from $150 following its Q2 report, citing its improving trends, and margins and increased guidance. The firm keeps its Buy rating on the shares.
September 3, 2014
18:39 EDTPVHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Bazaarvoice (BV), up 8%... PVH Corp. (PVH), consensus 5.4%... Iteris (ITI), up 9.1%... H&R Block (HRB), up 1.5%. ALSO HIGHER: Bolt Technology (BOLT), up 34.8% following news that it will be acquired by Teledyne (TDY)... Tibco Software (TIBX), up 10% after announcing that it is reviewing strategic alternatives... Morgans Hotel (MHGC), up 5.1% after commenting on ongoing review of strategic alternatives. DOWN AFTER EARNINGS: Shoe Carnival (SCVL), down 7 .7%... AeroVironment (AVAV), down 5.9%. ALSO LOWER: Yum! Brands (YUM), down 3.9% after updating third quarter China division Same Store Sales guidance... Northstar Realty (NRF), down 2.3% after filing to sell 45M shares with a forward component.
16:10 EDTPVHPVH Corp. rises 5% to $122.52 after earnings beat expectations
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16:07 EDTPVHPVH Corp. sees Q3 EPS $2.45-$2.50, consensus $2.49
Sees Q3 revenue $2.25B, consensus $2.33B.
16:06 EDTPVHPVH Corp. backs FY14 EPS $7.30-$7.40, consensus $7.38
FY14 revenue is currently projected to be approximately $8.4B, consensus $8.47B.
16:05 EDTPVHPVH Corp. reports Q2 EPS $1.51, consensus $1.42
Reports Q2 revenue $1.98B, consensus $1.99B. Revenue increased 9% in the company’s Tommy Hilfiger business and 1% in the company’s Calvin Klein business. Revenue in the company’s Heritage Brands business was flat to the prior year excluding the $62M of 2013 Bass revenue and decreased 13% including such revenue.
15:29 EDTPVHNotable companies reporting after market close
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14:33 EDTPVHPVH Corp. technical commentary before earnings
In the prior three months the shares have underperformed the indexes, declining by over 10.5%. The trading range has largely been contained with $120 at the high and $110 at the low. Those two bounds can give us some clues as to how price may behave following earnings. If the news is more positive than expected, a test at $120 would be highly probable given the current price of shares at $116.82. Resistance above $120 would be at $123.39, the bottom of the bearish gap from early June, and then at $127.88, which was the top of that gap. If the news is worse than expected, a test down to $110 would be possible. Next support thereafter would be at the 52-week low at $107.05. If the news is bearish enough, a push below that 52-week low would be possible with next support at $103.30, a pivot low from April 2013. Short interest in the stock is low, which could exacerbate the price reaction to negative news.
07:37 EDTHBIHanesbrands sees FY14 pretax charges for acquisitions $155M-$175M
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07:36 EDTHBIHanesbrands raises FY14 adjusted EPS view to $5.40-$5.60 from $5.20-$5.40
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