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Stock Market & Financial Investment News

News Breaks
November 29, 2012
12:05 EDTAAP, BKS, LQDT, RIMM, BLOX, ARO, M, TGT, JWN, GPS, LTD, GES, KSS, TIFOn The Fly: Midday Wrap
Stocks on Wall Street were higher throughout the morning but fell sharply after tough words from House Speaker John Boehner aimed at Democrats and the White House. The initial reading on gross domestic product growth in the third quarter was revised up and October pending home sales were higher than expected, but the economic data was largely overshadowed by the ongoing political drama that continues to drive the market's swings. The averages quickly recovered a bit after the end of Boehner's press conference but head into the second half of the trading day well off their earlier highs... ECONOMIC EVENTS: In the U.S., weekly jobless claims dropped 23,000 from last week's upwardly revised level to 393,000, versus expectations for claims to fall to 390,0000. The Commerce Department revised its estimate for the gain in Q3 GDP to 2.7% from the previously reported 2% gain. Analysts expected growth to be revised to a 2.8% rate. However, within the report, Q3 consumer spending was lowered to a 1.4% growth rate from the 2% gain previously reported. Pending home sales rose 5.2% in October from the prior month, versus expectations for an increase of 1%. In Europe, the Bank of England urged commercial banks to bolster their capital levels. Also, the European Commission's monthly business and consumer survey showed a measure of economic sentiment rose to 85.7, beating forecasts, with Germany and France gaining strongly... COMPANY NEWS: Among retailers reporting November same store sales, Limited (LTD) was one of the few to beat expectations and its shares advanced 1%. Among those declining after reporting worse than expected November comparable sales were Kohl's (KSS), Gap (GPS), Macy's (M), Target (TGT) and Nordstrom (JWN)... Several retail stocks also moved following earnings reports, with Tiffany (TIF) and Aeropostale (ARO) among the notable decliners. Guess (GES), however, advanced after its quarterly report and the declaration of a $1.20 per share special dividend... MAJOR MOVERS: Among the notable gainers were Infoblox (BLOX), up 36% following its better than expected earnings and guidance, and Research in Motion (RIMM), up 6% after Goldman Sachs raised its rating on shares to Buy with a $16 price target. Among the noteworthy losers were Liquidity Services (LQDT), down 17%, and Barnes & Noble (BKS), down 10%, after their earnings reports. Also lower were shares of Advance Auto Parts (AAP), down 6% after Reuters and the New York Post said private equity bids for the company fell short of Advance's expectations, and that a sale may now be unlikely... INDICES: Near noon, the Dow was down 1.11, or 0.01%, to 12,984.00; the Nasdaq was up 9.83, or 0.33%, to 3,001.61; and the S&P 500 was up 2.09, or 0.15%, to 1,412.02.
News For TIF;KSS;GES;LTD;GPS;JWN;TGT;M;ARO;BLOX;RIMM;LQDT;BKS;AAP From The Last 14 Days
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August 19, 2014
06:22 EDTBLOXInfoblox FY15 outlook likely to miss consensus, says Citigroup
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06:12 EDTGESGuess downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Guess to Neutral saying the company's turnaround could take more time to play out.
August 18, 2014
18:21 EDTAROOn The Fly: After Hours Movers
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17:04 EDTAROAeropostale up 7% after CEO change, Q2 guidance
16:36 EDTAROAeropostale sees Q2 adjusted EPS (45c)-(42c), consensus (58c)
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16:32 EDTAROAeropostale announces Julian Geiger to rejoin company as CEO
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14:12 EDTAAPAdvance Auto Parts upgraded to Outperform from Peer Perform at Wolfe Research
11:05 EDTTGTOptions with increasing implied volatility
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07:21 EDTTGTTarget extends stores hours in effort to up later business, WSJ says
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06:09 EDTAROAeropostale volatility elevated into Q2 and new leadership outlook
Aeropostale September call option implied volatility is at 93, October is at 75, January is at 85; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 21.
August 17, 2014
18:10 EDTM, JWNInvestors should buy Nordstrom over Macy's, Barron's says
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August 15, 2014
17:02 EDTMStocks end week slightly higher despite flare-up in Russian tensions
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12:39 EDTJWNOn The Fly: Midday Wrap
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11:20 EDTTGTOptions with increasing implied volatility
Options with increasing implied volatility: CRM URBN TGT
10:30 EDTKSS, M, JWNJ.C. Penney falls despite posting a narrower than expected Q2 loss
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10:19 EDTKSSKohl's management to meet with MKM Partners
Meeting to be held in Menomonee Falls, WI on August 21 hosted by MKM Partners.
10:18 EDTJWNNordstrom management to meet with Piper Jaffray
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09:10 EDTJWNOn The Fly: Pre-market Movers
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07:38 EDTTGTTarget weekly volatility elevated into Q2 and new leadership outlook
Target August weekly call option implied volatility is at 29, September is at 19, January is at 20; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 20.
06:50 EDTAAPAdvance Auto Parts price target raised to $155 on Q2 beat at RBC Capital
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