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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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February 20, 2015
09:23 EDTTIFGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.

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