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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:10 EDTDGSE, ZLC, NILE, TIF, SIGJewelry 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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November 25, 2014
12:55 EDTSIGSignet Jewelers price target raised to $155 from $135 at Sterne Agee
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09:20 EDTTIF, SIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
08:53 EDTTIFTiffany says sees 'healthy increase' in FY operating margin
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07:17 EDTSIGSignet Jewelers reports Q3 net inventories up 62.6% to $2.67B
Net inventories were $2.67B, up 62.6% compared to $1.64B as of the prior year period. The increase was due almost entirely to the acquisition of the Zale division which had inventories of $979.3M.
07:15 EDTSIGSignet Jewelers CEO 'confident' in ability to meet $150M-$175M in synergies
Mark Light, Signet Jewelers CEO, commented, "While Zale SSS declined 0.9%, we remain pleased with the Zale division integration progress. In the short time period since owning Zale, we have been able to implement select initiatives to further the Zale holiday business. We remain confident in our ability to meet our goal of $150M-$175M in cumulative 3-year synergies from January-end 2015 to January-end 2018."
07:08 EDTSIGSignet Jewelers enters into rough diamond supply contract wit DeBeers
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07:05 EDTSIGSignet Jewelers revenue increase driven by Zale division
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07:03 EDTTIFTiffany reaffirms FY14 EPS view $4.20-$4.30 ex-items, consensus $4.34
EPS view excludes a debt-extinguishment charge. This full year forecast is based on the following assumptions, which are approximate and may or may not prove valid: Worldwide net sales increasing by a mid-to-high-single-digit percentage; opening 10 Company-operated stores and closing two existing stores: this includes opening four in the Americas, two in Asia-Pacific, two in Japan, and one each in Europe and Russia, while closing one each in the Americas and Asia-Pacific; operating margin increasing due to a higher gross margin; interest and other expenses, net of $60M; an effective income tax rate of 35%; net inventories increasing by a high-single-digit percentage; capital expenditures of $250M versus $221M last year, largely due to incremental investments in information technology systems; and free cash flow of at least $400M when excluding the after-tax debt extinguishment charge noted above.
07:03 EDTSIGSignet Jewelers sees FY15 adjusted EPS $5.51-$5.61, consensus $5.50
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07:02 EDTSIGSignet Jewelers sees Q4 adjusted EPS $2.95-$3.05, consensus $3.03
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07:01 EDTTIFTiffany reports Q3 EPS 76c ex-items, consensus 77c
Reports Q3 revenue $959.59M, consensus $968.86M.
07:01 EDTSIGSignet Jewelers reports Q3 adjusted EPS 21c, consensus 18c
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06:02 EDTTIFTiffany implied volatility of 34 at upper end of index mean range
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November 24, 2014
15:20 EDTTIF, SIGNotable companies reporting before tomorrow's open
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14:08 EDTTIFTiffany technical comments before earnings
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10:24 EDTTIFHigh option volume stocks
High option volume stocks: TIVO TIF ASHR OCR TGP JEC CEQP UTX PWRD IMMU
November 21, 2014
08:08 EDTTIFTiffany December call option implied volatility is at 33, December is at 30, Jan
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November 20, 2014
12:30 EDTNILEBlue Nile insiders selling shares as compeition increases, TheStreetSweeper says
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12:27 EDTNILEBlue Nile mentioned cautiously by TheStreetSweeper
November 18, 2014
07:31 EDTSIGSignet Jewelers names Daniel Shull as Chief Information Officer
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