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Stock Market & Financial Investment News

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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August 12, 2014
10:45 EDTELEstee Lauder August volatility elevated into Q4 and outlook
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07:48 EDTLULUlululemon outright sale unlikley imminent, says Oppenheimer
Oppenheimer says it doubts an outright sale of lululemon is imminent after founder Chip Wilson sold half his stake. However, the firm believes Advent's involvement should help provide support to the shares. Opco expects Q2 comps to be down 4%, the low end of guidance, due to continued lack of product innovation. It keeps an Outperform rating on lululemon with a $53 price target.
07:20 EDTELAlibaba seen luring more luxury brands to Tmall, WSJ says
Some big luxury brands have shied away from Alibaba's (BABA) Tmall site because of steep discounting, but Burberry (BURBY) and Estee Lauder (EL) opened storefronts there this year and a number of analysts say that it is only a matter of time before more big names in luxury join, said The Wall Street Journal. Reference Link
05:51 EDTLULUKinder Morgan Energy lululemon
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August 11, 2014
15:45 EDTTSpherix subsidiary settles with AT&T, files joint motion to dismiss
Spherix (SPEX) subsidiary Guidance IP has reached a settlement with AT&T (T), according to a court document filed August 7 in the U.S. District Court for the Northern District of Texas. The settlement stems from a lawsuit filed on December 6, 2013 by Spherix for infringement of its patent entitled, "System and Method for Determining the Geolocation of a Transmitter." Shares of small-cap Spherix are up 19% to $1.75 in later afternoon trading following the circulation of the court filing. Reference Link
07:09 EDTSCMStellus Capital reports Q2 NII 31c, consensus 32c
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