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News Breaks | | | | November 27, 2012 | | 11:30 EDT |  | APO, SIG, NILE, ZLC | Jewelers higher following report of PE interest in U.K. chains
Shares of several publicly listed jewelers are moving higher after The Telegraph reported late Sunday that private equity firm Apollo Global Management (APO) is in talks to buy Aurum, which own two U.K. jewelry chains, for about GBP180M. That valuation roughly equates to six times the forecast for the company's earnings before interest, tax, depreciation and amortization, or EBITDA, according to the report, which added that a deal may be completed as soon as this week. Shares of some U.S.-listed jewelers are moving higher today in mid-morning trading, including Signet Jewelers (SIG), up 3.87% to $54.18, Zale (ZLC), up 3.31% to $4.94 and Blue Nile (NILE) up 4.76% to $39.28. | |
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News For SIG;ZLC;NILE;APO From The Last 14 Days Check below for free stories on SIG;ZLC;NILE;APO the last two weeks. |
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| May 22, 2013 | | 16:25 EDT |  | ZLC | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 15:25 EDT |  | SIG | Notable companies reporting before tomorrow's open
 Subscribe for More Information | | | 15:20 EDT |  | ZLC | Zale upgraded to Buy from Neutral at CL King
Subscribe for More Information | | | 12:20 EDT | | ZLC | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:00 EDT |  | ZLC | Zale rises 25%
Zale is up 25%, or $1.35, to $6.75 | | | 10:00 EDT | | ZLC | Zale rises 34.4%
Zale is up 34.4%, or $1.86, to $7.26 | | | 09:30 EDT | | ZLC | Zale gaps up sharply following earnings beat, levels to watch
Shares are up over 34% at time of writing, last at $7.26. The company beat for its Q3 EPS, coming in with a gain of 13 cents, versus consensus of a loss of 2 cents. At current price, resistance is at $7.66, the 52-week high. Support is at $6.95. | | | 09:00 EDT | | ZLC | Zale rises 26.3%
Zale is up 26.3%, or $1.42, to $6.82 | | | 08:59 EDT | | ZLC | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:43 EDT | | ZLC | Zale still expects positive 2013 EPS
Subscribe for More Information | | | | 07:41 EDT | | ZLC | Zale reports Q3 EPS 13c, consensus (2c)
Subscribe for More Information | | | May 20, 2013 | | 07:10 EDT |  | APO | NY State investigates firms' investments that back fixed annuities, WSJ reports
Subscribe for More Information | | | 06:09 EDT | | APO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. | | | May 16, 2013 | | 09:20 EDT |  | NILE | Blue Nile management to meet with Deutsche Bank
Subscribe for More Information | | | May 15, 2013 | | 07:11 EDT | | APO | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | APO | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:59 EDT | | NILE | Corporate boards recruit newcomers with digital knowledge, WSJ reports
Subscribe for More Information | | | May 14, 2013 | | 10:01 EDT |  | ZLC, SIG, NILE | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 07:57 EDT | | SIG | Signet Jewelers initiated with an Overweight at Stephens
Target $80. | | | 07:57 EDT | | NILE | Blue Nile initiated with an Equal Weight at Stephens
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