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Stock Market & Financial Investment News

News For BSMX;T;SCM;EL;LULU;OFS From The Last 14 Days
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December 10, 2014
14:12 EDTLULULululemon December weekly 48 straddle priced for 10% move into Q3
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14:06 EDTLULUEarnings Preview: Lululemon Q3 could be positive turning point, analyst says
Lululemon Athletica (LULU) is scheduled to report third quarter earnings before the market open on Thursday, December 11, with a conference call scheduled for 9:00 am ET. Lululemon is a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia. EXPECTATIONS: Analysts are looking for earnings per share of 38c on revenue of $424.68, according to First Call. The consensus range for EPS is 37c-41c on revenue of $420M-$430.54M. LAST QUARTER: Lululemon reported second quarter EPS of 33c on revenue of $390.7M, beating estimates for 29c and $367.8M, respectively. Total same-store sales were flat in Q2 on a constant dollar basis; Comparable store sales for Q2 decreased by 5% on a constant dollar basis and direct to consumer revenue increased 30% on a constant dollar basis. Looking ahead, the company raised its fiscal year 2014 normalized EPS view to $1.72-$1.77 from $1.71-$1.76 and narrowed its revenue view to $1.78B-$1.8B from $1.77B-$1.8B against estimates at that time for $1.74 and $1.78B, respectively. Third quarter EPS was forecast at 36c-38c on revenue of $420M-$425M. Q3 guidance was based on a total combined comparable sales increase in the low single digits on a constant dollar basis. The retailer forecast Q3 and FY14 gross margin of approximately 51%. NEWS: During its Q2 earnings conference call, lululemon said it was "happy" to have Advent back as a shareholder and is "looking forward" to having Advent's guidance going forward. STREET RESEARCH: Yesterday, Wells Fargo upgraded the stock to Outperform from Market Perform. Lululemon should benefit from the strength of the athletic apparel category, as well as the annual growth of over 10% in the total square footage of its stores, Wells Fargo believes. Meanwhile, the firm said its merchandise margins should increase in 2015, as it is offering smaller discounts than in the past. Barclays, which has an Overweight rating and $55 target, also wrote yesterday that the company's Q3 results could be a positive turning point for shares. Although Barclays analyst Matthew McClintock expects the company to report Q3 earnings per share of 38c, in-line with the consensus estimate, he believes that the company's comparative sales rose 1.8% last quarter, versus the same period a year earlier. If lululemon reports a 1.8% comp increase, it would mark the first time since the second quarter of 2013 that its comparative sales growth accelerated compared with the previous quarter, the analyst noted. In November, Sterne Agee downgraded lululemon to Neutral from Buy, as it believes that the company's brand has been damaged, causing many customers to leave, while its competition has become stronger. At the time of its downgrade on November 14, Sterne Agee had a price target of $39 on the stock. PRICE ACTION: Over the last three months, lululemon shares are up almost 25%. Year-to-date, shares are down nearly 20%. In afternoon trading ahead of tomorrow's earnings report, shares are down 1.25% to $47.13.
10:24 EDTTSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:12 EDTTRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
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06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
11:43 EDTLULUlululemon advances after Wells upgrade, upbeat Barclays note
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10:28 EDTTVerizon drops after warning about promotional impact on profits
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10:28 EDTLULUlululemon trades up in down tape, levels to watch
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10:23 EDTLULUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
07:44 EDTLULULululemon Athletica volatility elevated into Q3 and outlook
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07:32 EDTTUBS to hold a conference
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07:30 EDTLULUWells Fargo sees fewer distractions for lululemon, upgrades shares
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07:09 EDTLULUlululemon's Q3 results could mark an inflection point, says Barclays
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05:41 EDTLULUlululemon upgraded to Outperform from Market Perform at Wells Fargo
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December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
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06:12 EDTLULUStocks with implied volatility above IV index mean; LULU ACHN
Stocks with implied volatility above IV index mean; lululemon (LULU) 53, Achillion (ACHN) 216 according to iVolatility.
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