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Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:29 EDTJCP, SHLDSears shares likely to retreat again, says Credit Suisse
After Sears' (SHLD) stock rose 22.3% in the last five days, Credit Suisse thinks the move was due to two investors' decision to increase their stakes in the company. However, the firm thinks "reality will return" when the company reports its results, while the value of the company's real estate holdings could drop as a result of J.C. Penney's (JCP) closures of some of its stores. The firm keeps an Underperform rating on Sears.
News For SHLD;JCP From The Last 14 Days
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February 26, 2015
17:35 EDTJCPJ.C. Penney CEO Ullman says company is 'back and competing effectively'
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17:25 EDTJCPJ.C. Penney reports men's apparel, home, fine jewelry were top performers in Q4
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17:21 EDTJCPJ.C. Penney reports FY14 positive free cash flow of $57M
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16:13 EDTJCPJ.C. Penney down 5.6% after Q4 earnings miss expectations
16:12 EDTJCPJ.C. Penney sees FY15 comparable store sales up 3%-5%
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16:11 EDTJCPJ.C. Penney ended year with liquidity of approximately $2.1B
For Q4, gross margin improved 540 basis points to 33.8% of sales, compared to 28.4% in the same quarter last year. Gross margin was positively impacted by significant improvement in the company's merchandise mix and margin on clearance sales over the prior year quarter.
16:10 EDTJCPJ.C. Penney reports Q4 adjusted EPS 0c, consensus 11c
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15:30 EDTJCPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
13:03 EDTJCPJ.C. Penney February weekly 9 straddle priced for 10.2% movement into Q4
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12:48 EDTJCPEarnings Preview: J.C. Penney sees Q4 SSS at high end of 2%-4% view
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12:01 EDTJCPAppeals court revives two claims by Macy's against J.C. Penney, Reuters says
A New York appeals court has revived two claims by Macy's (M) against J.C. Penney (JCP) that accuse J.C. Penney of contract interference and unfair competition related to a Martha Stewart contract, though the appeals court reaffirmed the prior decision that Macy's did not deserve punitive damages, reports Reuters, citing court statements. Reference Link
11:52 EDTJCPMacy's claims against J.C. Penney to be reinstated after appeal, Bloomberg says
10:36 EDTSHLDOptions with decreasing implied volatility
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07:36 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
J.C. Penney February weekly call option implied volatility is at 168, March weekly calls are at 91, April is at 55; compared to its 26-week average of 54 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today.
06:44 EDTSHLDSears says targeting REIT formation in May or June
Sears said "We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business. To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year. We are currently targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2B. The REIT itself would be funded by equity and debt with the equity raised through a rights offering. The subscription rights would be distributed pro rata to all stockholders of record of the company, and every stockholder would have the right to participate, except that holders of the company's restricted stock that is unvested as of the record date would be expected to receive cash awards in lieu of subscription rights."
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
15:05 EDTSHLDNotable companies reporting before tomorrow's open
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08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 24, 2015
06:48 EDTJCPPiper reiterates J.C. Penney as top pick for 2015
Piper Jaffray analyst Neely Tamminga reiterates J.C. Penney as a top pick for 2015 ahead of the retailer's year-end 2014 earnings report. Tamminga believes Penny's comp for February, the first month of its fiscal year, could be tracking up 4%. The analyst also thinks Penny management could express conviction in the retailer's plan to recapture share among moderate consumers on Thursday's earnings call. Tamminga has an Overweight rating on Penny with a $12 price target.
February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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