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Stock Market & Financial Investment News

News Breaks
February 1, 2013
12:38 EDTANF, HLF, HAIN, RPRX, EQIXOptions with increasing implied volatility: RPRX HLF EQIX HAIN ANF
News For RPRX;HLF;EQIX;HAIN;ANF From The Last 14 Days
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May 28, 2015
07:29 EDTHAINCitigroup to hold a conference
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May 27, 2015
16:03 EDTANFOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
15:48 EDTANFAbercrombie & Fitch May 19.5 straddle priced for 10% movement into Q1
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15:30 EDTANFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Toronto-Dominion Bank (TD), consensus $1.11... Signet Jewelers (SIG), consensus $1.63... Flowers Foods (FLO), consensus 30c... Tech Data (TECD), consensus 71c... Sanderson Farms (SAFM), consensus $3.32... Express (EXPR), consensus 14c... Abercrombie & Fitch (ANF), consensus (34c)... Descartes Systems Group (DSGX), consensus 6c... JinkoSolar (JKS), consensus 40c... Fred's (FRED), consensus (1c)... Xcerra (XCRA), consensus 7c... Titan Machinery (TITN), consensus (22c).
12:38 EDTANFOptions with increasing volume
Options with increasing volume: PG CONN NQ S JNPR MNST ANF
11:18 EDTANFEarnings Watch: Abercrombie could provide 'depressing' guidance, analyst says
Abercrombie & Fitch (ANF) is scheduled to report first quarter earnings before the market open on Thursday, May 28 with a conference call scheduled for 8:30 am EDT. Abercrombie & Fitch is a retailer of casual apparel for men, women and kids. EXPECTATIONS: Analysts are looking for a loss per share of (34c) on revenue of $730.91M, according to First Call. The consensus range for EPS is (60c)-(12c) on revenue of $685.26M-$788M. LAST QUARTER: Abercrombie & Fitch reported fourth quarter adjusted earnings per share of $1.15 on revenue of $1.12B, against estimates for $1.15 and $1.17B, respectively. Comparable store sales declined 10% during the quarter. Abercrombie & Fitch said that as it gets greater visibility to the timing and impact of its on-going strategic initiatives, it expects to resume providing EPS and SSS guidance guidance. Regarding SSS, the company said it expects the negative impact from reduced logo sales to modestly abate in the first half of the fiscal year and neutralize in the second half of the fiscal year. Abercrombie said the first half of FY15 would be "challenging" and forecast significant headwinds from foreign currency in FY15. NEWS: At the Telsey Advisory Group's Spring Consumer Conference in March, Abercrombie reiterated its forecast for "significant" foreign currency headwinds in 2015. The company said it was "fully aware" of the challenges the company is facing and was on the "right path" to improve profitability. Abercrombie forecast FY15 capital expenditures of approximately $150M and forecast continued pressure from reduced logos and gross margin flat to slightly up. The retailer said it views ongoing expense reduction as a "way of life" going forward. During the quarter, Bloomberg reported that Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. New York Attorney General Eric Schneiderman sent letters to Abercrombie and other retailers in April over staffing practices and whether the company requires workers to show up or stay home with little notice, according to The Wall Street Journal. STREET RESEARCH: During the quarter, Abercrombie & Fitch was initiated at BB&T with a Hold rating and with an Underperform rating and $17 target at RBC Capital. Wunderlich expects A&F's results will be a "very painful slog" for shareholders, adding that if the company does give guidance, "expect it to be depressing." The firm, which cut its price target for shares to $15 from $17 and reiterated a Sell rating, believes a turnaround is not in sight. PRICE ACTION: Abercrombie & Fitch shares slid 1% to $19.88 in morning trading, putting the stock down about 19.5% over the last three months.
10:58 EDTANFAbercrombie & Fitch May weekly volatility elevated into Q1 and outlook
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May 26, 2015
09:03 EDTEQIXInterXion upgraded on M&A potential, valuation at Stifel
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07:56 EDTANFWunderlich sees Abercrombie Q1 as 'very painful slog'
Wunderlich expects Abercrombie & Fitch's Q1 results on Thursday to be a "very painful slog" for investors. If management does provide guidance, "expect it to be depressing," Wunderlich tells investors in a research note. The firm believes a turnaround is not in sight and points to mounting currency headwinds and a "weak" teen apparel environment. It lowered its price target for A&F shares to $15 from $17 and reiterates a Sell rating on the name.
05:23 EDTEQIXEquinix to invest over $40M to expand in Hong Kong
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May 21, 2015
09:58 EDTEQIXOn The Fly: Analyst Downgrade Summary
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09:49 EDTEQIXEquinix downgraded to Hold from Buy at Gabelli (pre--open)
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07:16 EDTHAINLongbow to hold a conference
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07:14 EDTHAINBMO Capital to hold a conference
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06:29 EDTEQIXEquinix downgraded to Hold from Buy at Stifel
Stifel downgraded Equinix to Hold based on valuation and lack of catalysts.
May 20, 2015
08:04 EDTEQIXEquinix receives favorable REIT private letter ruling from IRS
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May 19, 2015
12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
May 18, 2015
20:16 EDTANFUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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May 15, 2015
17:15 EDTEQIXPaulson & Co. gives quarterly update on stakes
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