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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:10 EDTSIG, DGSE, ZLC, NILE, TIFJewelry retailers advance after Signet strikes deal to buy Zale
Shares of a number of jewelry retailers are climbing after one of the companies in the space, Zale Corporation (ZLC), agreed to be acquired. WHAT'S NEW: Signet Jewelers (SIG), another jewelry retailer, agreed to buy Zale for about $1.4B, or $21 per share, the companies announced earlier this morning. The deal price represents a 41% premium over Zales' price at the close yesterday. Signet will pay the purchase price in cash, the companies noted. PRICE ACTION: In mid-morning trading, Signet jumped 16.8% to $92.60 and Zale soared 40% to $20.90. Other jewelry retailers were higher as well, as Tiffany (TIF) added 0.9% to $89.37, Blue Nile (NILE) rose 1.7% to $34.60, and DGSE (DGSE) climbed 1.2% to $2.20.
News For TIF;ZLC;SIG;NILE;DGSE From The Last 14 Days
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August 27, 2015
10:19 EDTTIFTiffany price target lowered to $79 from $97 at Cantor
Cantor Fitzgerald analyst Laura Champine lowered her price target on Tiffany to $79 from $97 in a post-earnings note to investors after the company cut its FY15 EPS view by about 20c to $3.99-$4.12 per share The analyst, who notes that the Americas region remains the "weakest link" for the jeweler, keeps her Hold rating on Tiffany shares.
09:26 EDTTIF, SIGOn The Fly: Pre-market Movers
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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.
08:40 EDTSIGNomura says to buy Signet Jewelers
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07:10 EDTSIGSignet Jewelers says integration of Zale 'continues to go well'
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07:09 EDTSIGSignet Jewelers reports Q2 adjusted EPS $1.28, consensus $1.15
Reports Q2 revenue $1.41B, consensus $1.38B. Reports Q2 SSS up 4.2%.
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 EDTSIG, TIFNotable 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.
August 20, 2015
10:00 EDTSIGOn The Fly: Analyst Upgrade Summary
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07:50 EDTSIGSignet Jewelers upgraded to Buy from Neutral at UBS (yesterday)
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August 19, 2015
10:00 EDTSIGOn The Fly: Analyst Upgrade Summary
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07:57 EDTSIGSignet Jewelers coverage transferred with a Buy at Goldman
Target $170.
07:56 EDTSIGSignet Jewelers upgraded to Outperform from Neutral at Exane BNP Paribas
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August 18, 2015
07:39 EDTSIGSignet Jewelers should be bought on any pullback, says Cowen
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06:27 EDTSIGSignet Jewelers shares compelling after underperformance, says Nomura
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August 17, 2015
10:55 EDTTIFOptions with increasing implied volatility
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