|
|
News Breaks | | | | November 29, 2012 | | 12:05 EDT |  | TGT, LQDT, ARO, JWN, AAP, RIMM, M, BKS, BLOX, LTD, TIF, GES, GPS, KSS | On 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 Check below for free stories on TIF;KSS;GES;LTD;GPS;JWN;TGT;M;ARO;BLOX;RIMM;LQDT;BKS;AAP the last two weeks. |
|
|
| May 23, 2013 | | 18:54 EDT |  | ARO, BLOX, GPS | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. | | | 17:30 EDT | | GPS | Gap sees Q4 results negatively impacted from foreign currency headwinds
 Subscribe for More Information | | | 16:14 EDT | | BLOX | Infoblox up $2.00, or 9.09%, to $24.00 after earnings, guidance top estimates
| | | 16:11 EDT | | ARO | Aeropostale reports Q1 SSS down 14%
Subscribe for More Information | | | 16:10 EDT |  | BLOX | Infoblox sees FY13 revenue $220M-$221M, consensus $218.26M
Subscribe for More Information | | | 16:10 EDT | | BLOX | Infoblox sees Q4 adjusted EPS 8c-9c, consensus 7c
Sees Q4 revenue $58M-$59M, consensus $58.26M. | | | 16:09 EDT | | BLOX | Infoblox reports Q3 adjusted EPS 11c, consensus 6c
Subscribe for More Information | | | 16:07 EDT | | GPS | Gap expects to open about 160 company owned stores in FY13
In FY13, the company expects to open about 160 company-operated stores, focused on Athleta, Gap China, Old Navy Japan, and global outlet stores. The company expects that it will close about 80 company-operated stores. The closures are weighted towards Gap North America, consistent with the company's previously stated strategy. Given its focus on growing through new channels and geographies, the company continues to expect square footage to increase about 1% in FY13. For FY13, the company continues to expect capital spending to be approximately $675M in support of its outlined strategies. The company continues to expect that operating margin for FY13 will be about 13%. | | | 16:04 EDT | | ARO | Aeropostale sees Q2 EPS (20c)-(15c), consensus (6c)
| | | 16:03 EDT | | GPS | Gap reports Q1 Gap Global SSS up 3% vs. up 2% last year
Reports Q1 Old Navy Global SSS up 3% versus up 4% last year; Banana Republic Global SSS flat versus up 5% last year. | | | | 16:03 EDT | | ARO | Aeropostale reports Q1 EPS (16c) , consensus (17c)
Subscribe for More Information | | | 16:02 EDT | | GPS | Gap reaffirms FY13 EPS view $2.52-$2.60, consensus $2.73
Subscribe for More Information | | | 16:00 EDT | | GPS | Gap reports Q1 EPS 71c, consensus 69c
Subscribe for More Information | | | 15:52 EDT |  | GPS | Gap May 41 weekly straddle priced for 3.1% movement into Q1
| | | 15:24 EDT | | ARO, GPS | Notable companies reporting after market close
Subscribe for More Information | | | 14:45 EDT |  | M, TGT | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 13:06 EDT |  | LTD | L Brands management to meet with Sterne Agee
Subscribe for More Information | | | 12:47 EDT | | ARO | rue21 agrees to buyout, as previously predicted by analyst
Subscribe for More Information | | | 11:59 EDT | | TGT, M | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 11:13 EDT | | TIF | Tiffany volatility elevated into Q1 and growth outlook
Tiffany May weekly call option implied volatility is at 51, June is at 31, July is at 26, November is at 27; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 28. | | |
|
|
|
|
|
|
