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Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:19 EDTZLC, NILE, SIG, TIFSignet Jewelers hits 52-week high after quarterly results top estimates
Shares of specialty jeweler Signet Jewelers (SIG) are advancing after the company's fourth quarter results topped expectations. WHAT'S NEW: This morning, Signet Jewelers reported fourth quarter earnings per share of $2.18 and revenue of $1.56B, compared to expectations of $2.15 and $1.55B, respectively. The company reported Q4 same store sales rose 4.3%, with Kay brand SSS up 4.9%, Jared SSS up 4.1% and Regional brands SSS down 3.1%. WHAT'S NOTABLE: On February 19, Signet agreed to acquire Zale Corporation (ZLC) for $21.00 per share in cash. Signet Jewelers forecast Q1 EPS ex-acquisition costs of $1.24-$1.28, compared to consensus $1.28. The company sees acquisition costs impacting Q1 EPS by 10c-8c, resulting in total first quarter EPS in the range of $1.14-$1.20. The recently announced acquisition of Zale will result in the realization of incremental expenses prior to the close of the transaction, as the final close date is dependent upon Zale stockholder and regulatory approval and the satisfaction of closing conditions. Signet anticipates Q1 SSS to rise 3%-4%. The company also raised its quarterly dividend to 18c from 15c per share. PRICE ACTION: In late morning trading, Signet Jewelers rose $6.56, or 6.6%, to $104.87 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $107.38. The stock is up over 65% over the past twelve months. OTHERS TO WATCH: Other companies in the jewelry space include Tiffany & Co. (TIF) and Blue Nile (NILE).
News For SIG;ZLC;TIF;NILE From The Last 14 Days
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March 26, 2015
07:06 EDTSIGSignet Jewelers reports Q4 adjusted EPS $3.06, consensus $3.04
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March 25, 2015
15:34 EDTSIGNotable companies reporting before tomorrow's open
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March 20, 2015
16:22 EDTTIFOn The Fly: Closing Wrap
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10:40 EDTTIFTiffany price target lowered to $91 from $110 at Sterne Agee
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09:24 EDTTIFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
09:09 EDTTIFTiffany sees 'modest' increase in gross margin in 2015
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08:54 EDTTIFTiffany says has seen 'marked softening' of sales results in Hong Kong
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08:26 EDTTIFTiffany falls after results, levels to watch
In the pre-market the shares are trading down over 3.3% to $83.50. At that price next support is at the 52-week low at $82.75. A key level to watch is the $80 area. On a long-term basis this has been important support. Breaking below that level would confirm a major top on a long-term basis The 50-month moving average at $77.35 would then be a level to watch as it is the very long-term uptrend support line. Resistance is at $84.70.
07:14 EDTTIFTiffany plans to add 12-15 net company-operated stores in FY16
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07:13 EDTTIFTiffany sees Q1 worldwide net sales down approx. 10%
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07:12 EDTTIFTiffany says $273M authorized for repurchases at January 31
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07:11 EDTTIFTiffany sees 'minimal growth' in FY16 EPS from $4.20 in FY14
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07:07 EDTTIFTiffany sees approx. 30% decline in Q1 net earnings, consensus 92c
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07:06 EDTTIFTiffany says facing challenges from global economic uncertainties
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07:05 EDTTIFTiffany: Strength of U.S. dollar having negative effect on spending by tourists
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07:04 EDTTIFTiffany reports Q4 EPS $1.51, consensus $1.51
Reports Q4 revenue $1.3B, consensus $1.31B. On a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales increased 3% led by growth in Europe and Asia-Pacific, with the largest growth in the fashion jewelry category, and worldwide comparable store sales were equal to the prior year.
March 19, 2015
15:19 EDTTIFNotable companies reporting before tomorrow's open
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13:44 EDTTIFTiffany March 85 straddle priced for 5.3% movement into Q3
10:23 EDTTIFHigh option volume stocks
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March 16, 2015
14:10 EDTTIFTiffany March volatility elevated into Q3 and outlook
Tiffany March call option implied volatility is at 67, April is at 31, May is at 26, August is at 25; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 20.
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