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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:09 EDTSN, PERI, DLTR, SINA, SHLD, WSM, PLCE, ROYL, WB, AEO, XOM, EGHT, NTLS, BONT, SODA, BBY, LINEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perry Ellis (PERY), up 15%... Children's Place (PLCE), up 10%... 8x8 (EGHT), up 8%... Dollar Tree (DLTR), up 6%... Williams-Sonoma (WSM), up 5.4%... Best Buy (BBY), up 1%. ALSO HIGHER: NTELOS (NTLS), up 25% after extending strategic network alliance through 2022 with Sprint (S)... Royale Energy (ROYL), up 18.5% after announcing large drillable target identified in Alaska... Sanchez Energy (SN), up 7.8% after acquiring acres in Eagle Ford... Linn Energy (LINE), up 3% after announcing Permian trade with Exxon Mobil (XOM). DOWN AFTER EARNINGS: Sears (SHLD), down 1.5%... Bon-Ton Stores (BONT), down 4%... Weibo (WB), down 6.4%. ALSO LOWER: SINA (SINA), down 3.4% after earnings, Q2 revenue guidance that missed estimates... CDW (CDW), down 5% after 15M share spot secondary offering priced at $28.35 per share... American Eagle (AEO), down 3% following downgrade at Citigroup... SodaStream (SODA), down 2.8% after downgraded to Underweight at Barclays.
News For SHLD;BBY;AEO;SINA;SODA;WB;DLTR;BONT;ROYL;PERI;NTLS;PLCE;SN;EGHT;WSM;LINE;XOM From The Last 14 Days
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August 18, 2015
16:33 EDTWBWeibo sees Q3 revenue $120M-$123M, consensus $121.89M
16:32 EDTWBWeibo reports Q2 EPS 2c, consensus 3c
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16:32 EDTSINASINA reports Q2 EPS 6c, consensus 4c
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14:51 EDTAEONotable companies reporting before tomorrow's open
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14:51 EDTSINANotable companies reporting after market close
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14:30 EDTAEOAmerican Eagle August 18.5 straddle priced for 9.3% movement into Q2
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14:07 EDTAEOAmerican Eagle technical comments before earnings
The key technical feature on the daily chart is a bullish ascending triangle pattern that has already triggered when price crossed above $18. On bullish news, the pattern could complete which would take price to the $20 area. Resistance above $20 is at $20.50. If the news is a bearish surprise, the first significant support would be at the 21-week moving average at $17.25. A breakdown below this uptrend support line proxy would break the bullish trend in place since October of last year. Support below $17.25 would be at $16.54, $16, and $15.47.
13:41 EDTWBWeibo technical comments before earnings news
The tone of the chart is bearish, despite the recent bounce in price. If there is a bearish disappointment, the level to watch is the lifetime low at $12.11. If that price is taken out on the downside, there is not established support, with a drift to the $11 area likely, or lower. If the news is instead a bullish surprise, the first significant area of resistance would be at $14.16, the 30-day moving average. A breakout above the 30-day would be bullish, with the following resistance levels becoming potential upside objectives: $15.16, $15.45, and $16.19. With over 16% of the float short, a positive surprise could see significant buy-to-cover demand within a very small trading float.
12:54 EDTSHLDEarnings Watch: Analysts bullish on Lowe's ahead of Q2 earnings
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report its second quarter earnings before the market open on Wednesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.24 on revenue of $17.27B, according to First Call. The consensus range for EPS is $1.21-$1.27 on revenue of $16.97B-$17.48B. LAST QUARTER: On May 20, Lowe's reported first quarter EPS of 70c on revenue of $14.13B, falling short of analysts' estimates of 74c and $14.28B, respectively. The company also said Q1 same-store sales rose 5.3% year-over-year. The company forecast fiscal year 2015 EPS of about $3.29 against estimates at the time of $3.31 and said it expects revenue to grow 4.5%-5%. Lowe's also forecast FY15 SSS to grow 4%-5% and added that it expected to open 15-20 home improvement and hardware stores in FY15. On its Q1 conference call, Lowe's forecast FY15 effective tax rate of approximately 38.1%, operating margin up 80-100 basis points, capital expenditures of roughly $1.4B, and cash flow from operations of approximately $5.1B. The company added that it continues to expect steady recovery within the housing market including positive trends in turnover and moderate home price appreciation. NEWS: On May 29, Lowe's announced that its board declared a 21.7% increase in its quarterly cash dividend to 28c per share, payable August 5 to shareholders of record as of July 22. On June 10, the company said at the Piper Jaffray Consumer Conference that it was seeing modestly improving wages and saw the income environment as constructive to the industry. It added that it was starting to see pickup from the bottom in housing and modest home price appreciation in 2015. At the Oppenheimer Global Consumer Conference on June 24, Lowe's said it was more focused on asset productivity than square footage, that it was contemplating new geographies, and that it expected to further capitalize on market opportunity in 2015. STREET RESEARCH: The day Lowe's reported Q1 earnings, Cantor Fitzgerald analyst Laura Champine lowered her price target for the company's shares to $68 from $75 due to lower-than-expected results. Cantor maintained its Hold rating on the stock. The same day, Bank of America Merrill Lynch said the company was still a top pick and reiterated its Buy rating, saying that, despite the Q1 earnings miss, it continued to expect Lowe's to benefit from investments. The day after Lowe's reported Q1 earnings, UBS said it believed the company's shares had room to run from at the time current levels. UBS reiterated its Buy rating for the company and lowered its price target to $82 from $83 on its shares. On June 8, Atlantic Equities initiated its coverage on Lowe's shares with a Neutral rating and a $79 price target. Exactly one week later, Wedbush upgraded Lowe's to Outperform from Neutral, saying it thought at the time that the company was benefiting from strong housing trends as well as Sears' (SHLD) increasing share losses, its previous investments, and macro tailwinds. Wedbush said the company will be a "winner" as long as interest rates remain low and increased its price target for the company's shares to $82 from $80. On June 30, BMO Capital upgraded Lowe's to Outperform and increased its price target to $81 from $73, citing expectations of stronger relative housing improvement and overall economic activity in Southeastern states, where Lowe's has a larger store footprint. BMO added that sales in the Pro segment could accelerate and potentially narrow the gap in comp-store sales with Home Depot (HD) if growth broadens in the coming months. On July 20, Deutsche Bank lowered its Q2 comparable sales and earnings estimates for both Lowe's and Home Depot below consensus to reflect "weak" industry data for building material, garden equipment, and supplies. Deutsche cut its Q2 comp estimate for Lowe's to 3.0% from 4.5% and earnings estimate to $1.23, below the consensus at the time of $1.25. Deutsche maintained its Buy rating on Lowe's stock. PRICE ACTION: Over the last three months, Lowe's shares are up fractionally. In early trading ahead of Wednesday's report, Lowe's are up over 1% to $73.34.
10:51 EDTAEOAmerican Eagle August volatility elevated into Q2 and outlook
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10:00 EDTAEO, PLCEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
August 17, 2015
17:00 EDTAEOAmerican Eagle initiated with an Outperform, Top Pick at Wolfe Research
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16:58 EDTPLCEChildren's Place initiated with an Outperform at Wolfe Research
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10:09 EDTSNOn The Fly: Analyst Downgrade Summary
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09:43 EDTSINASINA upgraded to Buy from Hold at T.H. Capital
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09:11 EDTSNSanchez Energy downgraded to Sector Perform from Outperform at Iberia
Iberia downgraded Sanchez to Sector Perform and lowered its price target to $8 from $15. The firm downgraded shares as a result of a change in its commodity forecast and expectations for continued pressure on the balance sheet through 2017.
08:16 EDTEGHT8x8, Inc. signs reseller agreement with CSG
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08:11 EDTXOMExxon Mobil volatility flat as oil trades near six-year low
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07:57 EDTAEOAmerican Eagle multiple decline overdone, says Stifel
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07:46 EDTSNEnerCom to hold a conference
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