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Stock Market & Financial Investment News

News Breaks
June 26, 2014
10:11 EDTTSCO, CNP, BBBY, IM, COCO, EDMC, WUBA, UNXL, DHigh option volume stocks
High option volume stocks: TSCO CNP JBHT BBBY IM COCO EDMC WUBA UNXL D
News For TSCO;CNP;BBBY;IM;COCO;EDMC;WUBA;UNXL;D From The Last 14 Days
Check below for free stories on TSCO;CNP;BBBY;IM;COCO;EDMC;WUBA;UNXL;D the last two weeks.
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August 20, 2014
10:04 EDTCNPOn The Fly: Analyst Upgrade Summary
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07:23 EDTCNPCenterPoint Energy upgraded to Buy from Hold at Argus
Argus upgraded CenterPoint Energy to Buy based on an expanding infrastructure improvement program, new master limited partnership, better visibility, and a solid base of regulated assets. Price target is $29.
August 19, 2014
13:21 EDTTSCOEarnings Preview: Lowe's trading higher ahead of Q2 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its second quarter before the market open on Wednesday, August 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.02 on revenue of $16.55B, according to First Call. The consensus range for EPS is 96c-$1.06 on revenue of $16.16B-$16.79B. LAST QUARTER: Lowe's reported first quarter EPS of 61c, beating analyst's estimates of 60c, on revenue of $13.4B against estimates for $13.86B. The company also reported Q1 same-store sales rose 0.9%. Lowe's raised its fiscal year 2014 EPS guidance to approximately $2.63 from $2.60 against estimates at that time for $2.62 and said it expects revenue up 5% in this fiscal year compared to last. Lowe's said it expected to open 10 home improvement and 5 hardware stores in 2014 and expects its FY14 SSS to increase approximately 4%. The company expects to repurchase $3.4B of stock this fiscal year. NEWS: During the quarter, Lowe's named Paul Ramsay as Chief Information Officer. The company also raised its quarterly dividend 27.8% to 23c per share. STREET RESEARCH: Deutsche Bank lowered its estimates for both Lowe's and Home Depot (HD) after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Morgan Stanley initiated Lowe's with an Equal Weight rating and $50 target in June. Canaccord downgraded Lowe's to Sell from Hold due to slowing housing momentum, management changes, and difficult competition. PRICE ACTION: Over the last three months, Lowe's shares are up almost 14%. In morning trading ahead of tomorrow's report, Lowe's is up nearly 3% to $51.89.
August 18, 2014
11:25 EDTTSCOEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
August 11, 2014
17:28 EDTWUBAGoldman Sachs reports 11.5% passive stake in 58.com
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11:28 EDTUNXLOptions with decreasing implied volatility
Options with decreasing implied volatility: GRPN MNKD UBNT OLED ZU RPTP SALE UNXL FEYE VNDA
07:05 EDTBBBYDeutsche Bank discusses LBO chatter in Retail space
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August 7, 2014
16:35 EDTUNXLUni-Pixel reports Q2 EPS (49c), consensus (50c)
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August 6, 2014
11:56 EDTCNPCenterPoint says would be interested in M&A if it meets strategic criteria
Says would look at Oncor if "good industrial logic for it."
11:52 EDTCNPCenterPoint Energy sees FY effective tax rate of 37%
Sees natural gas utilities growing operating income at CAGR 4%-5% over next five years. Sees FY Utility Operations EPS 72c-76c. Sees FY Midstream Investments EPS 42c-45c. Plans to grow dividend at CAGR of 8%-10% over next three years. Comments made on the Q2 earnings conference call.
10:00 EDTTSCOOn The Fly: Analyst Downgrade Summary
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09:14 EDTTSCOTractor Supply downgraded to Market Perform from Outperform at Avondale
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08:22 EDTCNPCenterPoint raises 2014 EPS to $1.14-$1.21 from $1.10-$1.19, consensus $1.17
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08:17 EDTCNPCenterPoint Energy reports Q2 EPS 25c, consensus 23c
Reports Q2 revenue $1.88B, consensus $1.82B

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