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News Breaks | | | | December 3, 2012 | | 10:16 EDT |  | BSMX, T, SCM, LULU, EL, OFS | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AT&T (T) initiated with an Equal Weight at Evercore... OFS Capital (OFS) initiated with an Equal Weight at Barclays... Santander Mexico (BSMX) initiated with an Equal Weight at Barclays.... lululemon (LULU) initiated with a Buy at Canaccord... Estee Lauder (EL) initiated with an Equal Weight at Morgan Stanley... Stellus Capital (SCM) initiated with an Outperform at Oppenheimer... OFS Capital (OFS) initiated with an Outperform at Oppenheimer. | |
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News For T;OFS;LULU;BSMX;EL;SCM From The Last 14 Days Check below for free stories on T;OFS;LULU;BSMX;EL;SCM the last two weeks. |
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| June 12, 2013 | | 08:58 EDT |  | LULU | lululemon growth strategies remain intact, says Canaccord
After meeting with lululemon's outgoing CEO and members of the board, Canaccord believes that the fundamentals of the company remain sound. The firm does not believe that the CEO stepped down because of the company's quality control issues, and it expects the stock to rebound. The firm reiterates a Buy rating on the shares. | | | 07:42 EDT |  | T | The Brookings Institution to host a discussion on promoting mobile technology
Randall Stephenson, Chairman and CEO of ATT, joins Sen. Mark Pryor (D-AR) in a panel discussion on ways the government and private industry can work together to accelerate the mobile tech revolution at Brookings in Washington, D.C. on June 12 at 10 am. Webcast Link | | | 06:04 EDT |  | EL | Coty to price its IPO later today, WSJ reports
 Subscribe for More Information | | | June 11, 2013 | | 16:21 EDT |  | LULU | On The Fly: Closing Wrap
Stocks on Wall Street were lower after the Bank of Japan's decision to hold off on any further stimulus measures raised investor concern. The averages recovered much of their early losses in the morning, sitting just below the flat line near noon, but the selling intensified during the second half of the session, with the market trending lower into the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The dollar weakened considerably against the Yen, losing more than 2% to trade near the Y96 level. COMPANY NEWS: Sprint (S) shares jumped 17c, or 2.37%, to $7.35 after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among notable gainers was Questcor (QCOR), up $5.47, or 14.9%, to $42.18 after the company acquired the right to develop Synacthen from Novartis (NVS). Also higher was Catamaran (CTRX), up $5.33, or 10.95%, to $53.99 after the company struck a ten-year strategic pharmacy benefits agreement with Cigna (CI) and its stock received upgrades from at least three firms. Among noteworthy losers was lululemon (LULU), down $14.43, or 17.54%, to $67.85 after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. Also lower was GenMark Diagnostics (GNMK) which lost $1.96, or 12.95%, to $13.17, after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). INDICES: The Dow was down 116.57, or 0.76%, to 15,122.02; the Nasdaq was down 36.82, or 1.06%, to 3,436.95; and the S&P 500 was down 16.68, or 1.02%, to 1,626.13. | | | 12:32 EDT | | LULU | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but well off their lows after the Bank of Japan held off from implementing any additional stimulus measures. The U.S. market followed Japan's benchmark stock index lower at the open, though the averages climbed back fairly steadily during the morning and stood near session highs just a bit below the flat line near noon. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The benchmark Nikkei fell about 1.5% as the decision disappointed investors who may have expected some action. COMPANY NEWS: Sprint (S) shares rose over 2% after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among the notable gainers was Catamaran (CTRX), which was upgraded by at least three Street firms and rose 11% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI). Also higher were shares of Questcor (QCOR), which jumped 19% after buying the rights to develop Synacthen from Novartis (NVS). Among the noteworthy losers was GenMark Diagnostics (GNMK), which fell 24% after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). Also lower were shares of yoga apparel maker lululemon (LULU), which fell 17% after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. INDICES: Near noon, the Dow was down 6.68, or 0.04%, to 15,231.91; the Nasdaq was down 11.21, or 0.32%, to 3,462.56; and the S&P 500 was down 4.89, or 0.30%, to 1,637.92. | | | 10:03 EDT |  | LULU | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 09:50 EDT |  | LULU | lululemon breaks support at $70, levels to watch
Subscribe for More Information | | | 09:16 EDT |  | LULU | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. | | | 08:53 EDT | | EL | Estee Lauder should be bought ahead of FY14 guidance, says Wells Fargo
Subscribe for More Information | | | 07:52 EDT | | LULU | lululemon price target lowered to $60 from $72 at Goldman
Subscribe for More Information | | | | 07:50 EDT | | LULU | lululemon new CEO could have positive influence, says Stifel
Subscribe for More Information | | | 07:17 EDT | | LULU | lululemon downgraded to Neutral from Buy at Sterne Agee
Subscribe for More Information | | | 07:10 EDT |  | EL | Estee Lauder volatility flat, shares pullback from record high into Coty IPO
Estee Lauder overall option implied volatility of 27 is near its 26-week average of 26 according to Track Data, suggesting non-directional price movement, suggesting non-directional price movement into Coty going public on June 12. | | | 06:10 EDT | | LULU | lululemon downgraded to Neutral from Buy at UBS
UBS downgraded lululemon and removed it from its Most Preferred List due to the unexpected departure of CEO Christine Day. The analyst believes there is less visibility and confidence in merchandise/operational execution and risk to estimates. Price target lowered to $72 from $90. | | | 05:54 EDT | | LULU | lululemon quarter overshadowed by CEO transition, says William Blair
Subscribe for More Information | | | June 10, 2013 | | 18:58 EDT | | LULU | On The Fly: After Hours Movers
Subscribe for More Information | | | 17:52 EDT | | LULU | lululemon falls after announcing CEO Christine Day's plan to step down
Shares of lululemon are falling in after-hours trading after the company's CEO Christine Day said she will step down after a successor is named. WHAT'S NEW: lululemon reported first quarter earnings after the market close, reporting earnings of 32c against estimates for 30c on revenue of $345.8M against estimates for $341.07M. The company reported comparable store sales increased 7% on a constant dollar basis during the quarter. The company also provided second quarter and full-year earnings and revenue guidance, both of which were in-line with current Street estimates. WHAT'S NOTABLE: With the company's first quarter earnings release, CEO Christine Day announced her intention to step down after the company finds a successor. Day said she will remain with the company while the board searches for a new CEO. The company also announced that it will voluntarily delist from the Toronto Stock Exchange. PRICE ACTION: Shares of lululemon, which closed at an all-time high ahead of today's earnings report, are down about $11.50, or about 14%, in after-hours trading. | | | 16:11 EDT | | LULU | lululemon shares drop after CEO Christine Day stepping down
The stock is down 9.4% to $74.46 after the announcement that CEO Christine Day is stepping down. At current price, next support is at $71.34 and then at $69.92. Resistance is at $76.88. | | | 16:09 EDT |  | LULU | lululemon sees FY13 EPS $1.96-$2.01 , consensus $1.99
Subscribe for More Information | | | 16:08 EDT | | LULU | lululemon sees Q2 EPS 33c-35c, consensus 33c
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