New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 24, 2012
07:46 EDTCOF, RST, OMX, LOW, AMZN, DFS, SPLS, OWW, HD, ODPRetail websites shift prices, deals according to shopper information, WSJ says
The idea of an unbiased, impersonal Internet is now giving way to an online world that is increasingly tailored and targeted. Websites are adopting techniques to find information about visitors to their sites, in real time, and then deliver different versions of the Web to different people, reports the Wall Street Journal . Prices change, products get swapped out, wording is modified, and there is little way for the typical website user to spot it when it happens. The Journal identified a number of companies, including Staples (SPLS), Discover Financial Services (DFS), Rosetta Stone (RST) and Home Depot (HD) who have consistently adjusting prices and displaying different product offers based on a range of characteristics that could be discovered about an Internet shopper. While it's legal, shoppers don' like it. Reference Link
News For SPLS;OMX;ODP;DFS;RST;HD;AMZN;COF;OWW;LOW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 >>
August 20, 2015
05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
Subscribe for More Information
August 19, 2015
19:41 EDTLOWLowe's price target raised to $88 from $83 at Baird
Subscribe for More Information
16:58 EDTLOWOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:30 EDTSPLS, LOWOn The Fly: Top stock stories at midday
Subscribe for More Information
10:46 EDTLOWLowe's shares look fairly valued, says Cantor
Cantor Fitzgerald analyst Laura Champine says shares of Lowe's (LOW) look fairly valued following the company's Q2 results. Earnings missed expectations on lighter margins, Champine tells investors in a research note. Lowe's same-store-sales kept pace with Home Depot's (HD) for the first time in over five years, however, she points out. The analyst keeps a Hold rating on the name with a slightly increased price target of $69.
10:26 EDTHD, LOWLowe's advances as Q2 revenue increases 4.5% from prior year
Shares of Lowe's (LOW) are advancing after the company reported second quarter revenue that increased 4.5% and a comparable store increase of 4.3%. WHAT'S NEW: Lowe's reported Q2 earnings per share of $1.20, missing analysts' estimates of $1.24, on revenue of $17.35B, slightly beating estimates of $17.27B and an increase of 4.5% from the prior year. Comparable store sales for the quarter rose 4.3%, the company said. Regarding the quarter, Robert Niblock, the company's chairman, president and Chief Executive Officer, said that the company was able to capitalize on big-ticket market share opportunities with "strong" growth in categories including outdoor power equipment and appliances. Looking ahead, the company forecast fiscal year 2015 EPS of about $3.29, above analysts' consensus estimates of $3.28, and revenue for the year up 4.5%-5% year over year. This guidance is in line with previously provided guidance. Lowe's added that it sees FY15 SSS rising 4%-4.5% over last year and it expects to add 15-20 stores in FY15. Additionally, the company sees FY15 operating margin up 80-100 basis points and expects the effective income tax rate will be approximately 38.1%. WHAT'S NOTABLE: On its earnings conference call, Lowe's noted that recovery within the housing market continues and that drivers for the improvement include disposable personal income, home prices and housing turnover. Lowe's said it expects to repurchase $3.8B of stock in 2015, in line with prior forecasts. The company said it is planning to open 70 stores in Canada by 2017. The Fly notes that Lowe's announced earlier this month plans to open its first Manhattan store "in the coming weeks." STREET RESEARCH: Following the release of the company's earnings, Baird said that it views weakness in Lowe's shares as a buying opportunity and that the company's confidence in their unchanged FY15 guidance implies significant flow-through improvement and 30%+ EPS growth over the second half of the year. Baird added that upgraded online/project management functionality and installation/delivery optimization capabilities coming in 2015 show that progress on providing a seamless shopping experience for consumers should continue. In addition, Bank of America Merrill Lynch reiterated its Buy rating on the Lowe's shares due its view of the company as a beneficiary of the consumer shift into bigger ticket purchases, which should sustain comp growth. OTHERS TO WATCH: Lowe's peer Home Depot (HD) yesterday reported Q2 adjusted EPS of $1.71, in line with analysts' consensus estimates of $1.71, on revenue of $24.83B, relatively in line with the consensus estimate of $24.69B. Home Depot said SSS rose 4.2%, with U.S. SSS up 5.7%. The company also raised its FY15 EPS growth view to 13% from 11%-12%, with analysts expecting $5.27, and its FY15 sales growth view to 5.2%-6% from 4%-4.6%, with analysts expecting $87.02B. PRICE ACTION: In morning trading, shares in Lowe's are up 0.63% to $73.50. Meanwhile, Home Depot is up 0.14% to $122.96.
09:51 EDTLOWLowe's reiterated as a Buy at BofA/Merrill
Subscribe for More Information
09:24 EDTLOWLowe's sees FY15 EBIT increase of 80-100 basis points
Expects choppiness throughout the year. Most of EBIT improvement will come from SG&A. Expects fixed cost leverage associated with sales growth.
09:19 EDTLOWOn The Fly: Pre-market Movers
Subscribe for More Information
09:06 EDTLOWLowe's expects to open 70 stores in Canada by 2017
Subscribe for More Information
09:05 EDTLOWLowe's sees FY15 cash flow from operations $5B, CapEx $1.3B
The company expects to repurchase $3.8B of stock in 2015. Sees FY15 effective income tax rate of 38.1%.
09:04 EDTLOWLowe's says key drivers in home improvement include disposable personal income
Subscribe for More Information
07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
Subscribe for More Information
07:34 EDTLOWLowe's weakness a buying opportunity, says Baird
Baird said weakness in Lowe's shares following its Q2 earnings miss is a buying opportunity. The firm cited management's confidence in their unchanged full year guidance implying a significant flow through improvement and 30%+ earnings growth over the second half of the year. Baird reiterated its Outperform rating and $83 price target on Lowe's shares.
07:17 EDTHDHome Depot price target raised to $138 from $129 at UBS
Subscribe for More Information
06:06 EDTLOWLowe's sees FY15 EPS about $3.29, consensus $3.28
Sees FY15 revenue up 4.5%-5%. Sees FY15 SSS up 4%-4.5%. The company expects to add 15-20 stores in FY15.
06:05 EDTLOWLowe's reports Q2 EPS $1.20, consensus $1.24
Subscribe for More Information
06:03 EDTSPLSStaples sees Q3 non-GAAP EPS 33c-36c, consensus 36c
Sees Q3 revenue to decrease compared to 3Q14, consensus $5.73B. The company's guidance reflects a sequential increase in the unfavorable impact of the stronger U.S. dollar on sales and earnings. The company's earnings guidance excludes any potential impact related to restructuring and other related activities or costs related to the company's planned acquisition of Office Depot. For the full year 2015, the company expects to generate more than $600 million of free cash flow.
06:02 EDTSPLSStaples reports Q2 North American stores and online sales $2.11B
Subscribe for More Information
06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 12c
Reports Q2 revenue $4.94B, consensus $4.96B
1 | 2 | 3 | 4 | 5 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use