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Stock Market & Financial Investment News

News Breaks
January 24, 2013
12:59 EDTROSTRoss Stores advances following Credit Suisse upgrade
Ross Stores (ROST) is climbing after Credit Suisse analyst Michael Exstein upgraded the stock to Outperform from Neutral in a note to investors earlier today. Ross Stores is benefiting from transitions at competitors J.C. Penney (JCP) and Kohl's (KSS), as well as recent bankruptcies by other discount retailers, including SYMS and Daffy's, Exstein wrote. Moreover, Exstein expects Ross Stores to launch an e-commerce initiative "sooner rather than later," as many of its peers have already done. An e-commerce strategy is becoming increasingly important for retailers, the analyst believes. Exstein increased his price target on the stock to $68 from $60 and named it a Top Pick for 2013. In early afternoon trading, Ross rose $1.92, or 3.24%, to $61.01.
News For ROST From The Last 14 Days
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August 22, 2014
11:27 EDTROSTRoss Stores rallies after earnings beat
The company reported stronger than expected results after the close yesterday and set its outlook for FY15 EPS to a range of $4.18 to $4.26 versus consensus of $4.21.The stock is up 5.8% to $73.31 at time of writing, off the session high at $74.28 which is now resistance. Support is at $72.19, the session low.
10:04 EDTROSTHigh option volume stocks: DYN SEAS FL ROST ZION
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09:05 EDTROSTOn 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...
08:43 EDTROSTRoss Stores shares 'well ahead of fundamentals' after rally, says FBR Capital
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08:37 EDTROSTGoldman says to Buy Ross Stores and Sell The Fresh Market
Goldman recommends buying Ross Stores (ROST) and selling The Fresh Market (TFM). The analyst expets further upside for Ross driven by sustained top and bottom-line momentum and said The Fresh Market missed EBIT estimates due to greater SG&A deleveraging and management now expects Q3 comps at the low-to-mid point of the 1.5%-3.5% range due to increased competitor openings. Shares of Ross are Conviction Buy rated and The Fresh Market is Sell rated.
06:20 EDTROSTOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTROSTOn The Fly: After Hours Movers
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16:11 EDTROSTRoss Stores sees FY15 EPS $4.18-$4.26, consensus $4.21
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16:10 EDTROSTRoss Stores sees Q3 EPS 83c-87c, consensus 86c
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16:10 EDTROSTRoss Stores reports Q2 EPS $1.14, consensus $1.08
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15:15 EDTROSTNotable companies reporting after market close
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