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Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:32 EDTKORS, COH, TIFTiffany guidance, weak holiday sales drag on luxury peers
Earlier today, Tiffany & Co. (TIF) issued disappointing FY12 EPS guidance, indicating that results would come in at the lower end of its $3.20-$3.40 range, versus consensus of $3.26. The company also reported its holiday same-store sales were unchanged from a year ago. It said it was planning for sales to grow “conservatively” for 2013, accompanied by net earnings growth of 6%-9%. The news comes amid several recent reports indicating poor holiday sales for major retailers which are likely to adversely affect profit margins. In late morning trading, Tiffany shares are down about 3.4% to $61.09, but had been down as much as 7% shortly after the open. Other luxury retailers are falling in sympathy, with Coach (COH) down about 2% and Michael Kors (KORS) off by nearly 3%.
News For TIF;COH;KORS From The Last 14 Days
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August 27, 2015
08:55 EDTTIFTiffany sees no net earnings growth in Q3 vs. last year's Q3
Says saw weakness in entry level silver, fine jewelry in the U.S. in Q2. Says stores in Hong Kong and Macau continue to experience weakness that began in the second half of last year, says believes Chinese tourists have shifted their traveling and shopping to other markets. Says long-term strategy in China remains the same. Says "difficult to predict" any potential negative impact on sales in Chinese market from recent stock market correction or currency devaluation. Says weaker yen may be boosting domestic spending in Japan. Says plans to increase company operated stores by a net of approximately 12 stores this year. Sees "modest" increase in FY gross margin. Says plans price increases in regions most impacted by forex. Sees "long lead time" before seeing benefit from lower diamond prices. Sees FY effective tax rate similar to last year's 34%. Seeks to keep inventory growth below rate of sales growth. Sees no net earnings growth in Q3 vs. last year's Q3, sees resumption of earnings growth in Q4. Comments made on the Q2 earnings conference call.
07:03 EDTTIFTiffany now sees FY15 EPS 2%-5% below $4.20 last year
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07:02 EDTTIFTiffany CEO: Adverse effects from strong dollar 'more significant' than expected
Frederic Cumenal, CEO, said, "We entered this year expecting translation and tourism-related pressures on sales and earnings from the exceptionally strong U.S. dollar, as well as challenging economic conditions in certain markets. While the adverse effects from the strong dollar have been even more significant than initially expected, we met our overall expectations in the first half of the year. We are pleased with responses to new designs, including our Tiffany T jewelry and CT60 watch collections, and are excited about upcoming additions being made to bolster sales across jewelry categories and price points. Tiffany also expanded its global presence during the quarter by opening six stores across the Americas, Asia-Pacific and Europe."
07:01 EDTTIFTiffany reports Q2 adjusted EPS 86c, consensus 91c
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August 26, 2015
15:00 EDTTIFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar General (DG), consensus 94c... J. M. Smucker (SJM), consensus $1.23... Tiffany (TIF), consensus 91c... Signet Jewelers (SIG), consensus $1.15... Patterson (PDCO), consensus 54c... Michaels (MIK), consensus 16c... Burlington Stores (BURL), consensus 12c.
13:39 EDTTIFTiffany technical comments before earnings
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August 24, 2015
14:44 EDTTIFTiffany August weekly volatility elevated into Q2 and outlook
Tiffany August weekly call option implied volatility is at 46, October is at 37, November is at 33; compared to its 52-week range of 17 to 41, suggesting large near term price movement into the expected release of Q2 results on August 27.
09:49 EDTKORSFitbit being sold at Macy's seen as near-term catalyst
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August 18, 2015
10:00 EDTKORSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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09:45 EDTCOHCoach trades higher, levels to watch
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07:46 EDTCOH, KORSJefferies sees longer turnaround for Vera Bradley, cuts to Hold
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07:40 EDTCOHJefferies says Coach turnaround not being appreciated, ups to Buy
Jefferies analyst Randal Konik upgraded Coach (COH) to Buy from Neutral and raised his price target for shares to $50 from $35. The stock closed yesterday up 8c to $32.02. Survey results show the handbag maker is starting to attract new customers at a faster rate while its remodel initiative should help drive a return to positive comps, Konik tells investors in a research note. He believes the company's turnaround is not being fully appreciated by the market. The analyst also added Coach to the Jefferies Franchise Picks List. He coupled the upgrade with a downgrade Vera Bradley (VRA) to Hold.
06:42 EDTCOHCoach upgraded to Buy from Hold at Jefferies
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August 17, 2015
17:08 EDTKORSMichael Kors initiated with a Peer Perform at Wolfe Research
Target $46.
10:55 EDTTIFOptions with increasing implied volatility
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August 14, 2015
17:29 EDTKORSGreenlight Capital gives quarterly update on stakes
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17:21 EDTTIFTrian Fund gives quarterly update on stakes
NEW STAKES: Pentair (PNR), and Sysco (SYY). INCREASED STAKES: Mondelez (MDLZ), and Tiffany & Co (TIF). DECREASED STAKES: Legg Mason (LM), Wendy's (WEN), and Ingersoll-Rang (IR). LIQUIDATED STAKES: Allegion (ALLE).
17:17 EDTCOHPoint72 gives quarterly update on stakes
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10:33 EDTTIFOptions with increasing implied volatility
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