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Stock Market & Financial Investment News

News Breaks
July 8, 2014
17:24 EDTTCSContainer Store down 13.7% after reporting Q1 EPS, FY14 guidance below estimates
News For TCS From The Last 14 Days
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July 17, 2014
07:13 EDTTCSContainer Store initiated with a Hold at BB&T
July 16, 2014
17:34 EDTTCSContainer Store initiated with a Hold at BB&T
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July 10, 2014
07:11 EDTTCSContainer Store risk/reward not compelling, says Morgan Stanley
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July 9, 2014
12:38 EDTTCSContainer Store issues appear company specific, says Wells Fargo
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12:30 EDTTCSOn The Fly: Midday Wrap
Stocks on Wall Street were moderately higher at midday, helped in part by better than expected earnings from Alcoa (AA), solid monthly numbers from the airlines sector, and a bounce from the two day losing streak that had seen the S&P lose 1% and the Nasdaq pullback by more than 2%. The market has been unable to gather any upside momentum and has moved in a narrow range throughout the morning, as investors await the release of the Fed’s FOMC minutes. ECONOMIC EVENTS: The minutes from the Federal Open Market Committee meeting held June 17-18 are scheduled to be released at 2:00 pm ET. In China, the producer-price index declined 1.1% from a year earlier, compared with a consensus forecast for a 1% drop. China's consumer-price index rose 2.3%, below projections for a 2.4% gain. COMPANY NEWS: Alcoa swung to a second-quarter profit of 18c a share on an adjusted basis, beating the consensus estimate of 7c a share, as its revenue also topped expectations. The aluminum producer, whose report is widely considered to mark the start of an earnings season, said its transformation is in "high gear" and that its cost position continues to improve. The stock rose 5% near midday following its report. MAJOR MOVERS: Among the notable gainers was AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems. The stock rallied 14% after the company reported better than expected fourth quarter results. Also higher was Reynolds American (RAI), which rose more than 2.5% after the U.K.'s Daily Mail reported that British American Tobacco (BTI), which currently holds a 42% stake in Reynolds, is speculated to be "on the verge" of buying out the remainder of its U.S. peer that it does not already own. Among the noteworthy losers was IT infrastructure technology provider Gigamon (GIMO), which was downgraded by at least five firms and plunged 32% after the company lowered its Q2 revenue guidance, citing challenges closing deals. Also lower following its earnings reports was specialty storage and organizational product retailer The Container Store (TCS), which fell 10%. INDEXES: Near midday, the Dow was up 36.86, or 0.22%, to 16,943.48, the Nasdaq was up 18.93, or 0.43%, to 4,410.39, and the S&P 500 was up 4.59, or 0.23%, to 1,968.30.
11:33 EDTTCSContainer Store drops after quarter hurt by 'retail funk'
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11:24 EDTTCSHigh option volume stocks
High option volume stocks: GIMO NEPT BPOP AVAV CBSO LL BOBE KWK GNC TCS
09:13 EDTTCSOn The Fly: Pre-market Movers
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08:04 EDTTCSContainer Store price target lowered to $32 from $45 at Credit Suisse
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July 8, 2014
18:28 EDTTCSOn The Fly: After Hours Movers
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17:44 EDTTCSContainer Store reports Q1 SSS down 0.8%
Kip Tindell, chairman and CEO stated, "We thought our sluggish sales were all because of weather and calendar shifts that began last November and continued into the spring, but now we’ve come to realize it’s more than weather and calendar. Consistent with so many of our fellow retailers, we are experiencing a retail ‘funk’. Our comparable store sales declined 0.8%, in Q1. It is important to remember that historically Q1 at The Container Store is by far our lowest from both a sales and profitability standpoint. Simply put, it represents less than 0% of our annual earnings. So we’re disappointed with Q1, but Q1 has very little impact on our full year earnings results."
17:24 EDTTCSContainer Store down 13.7% after reporting Q1 EPS, FY14 guidance below estimates
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16:16 EDTTCSContainer Store sees Q2, Q3 SSS to be flat to slightly positive
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16:14 EDTTCSContainer Store now sees FY14 EPS 49c-54c, consensus 57c
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16:12 EDTTCSContainer Store reports Q1 adjusted EPS (7c), consensus (6c)
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15:23 EDTTCSNotable companies reporting after market close
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14:56 EDTTCSContainer Store July 25 straddle priced for 12% move into Q1
13:09 EDTTCSContainer Store technical comments ahead of earnings
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