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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:44 EDTFOSL, TJX, TIF, ROST, VRA, SIG, AEOAnalyst sees storm to reduce Q4 retail sales by about 1%
The winter storm hitting the Northeast is likely to reduce retailers' sales by about 1% in their fourth quarter, Citigroup estimated. WHAT'S NEW: The storm will likely cause many shoppers to stay home between Thursday and Saturday in the Northeast and Midwest, Citigroup analyst Oliver Chen wrote in a note to investors. The snowfall yesterday and today, followed by very low temperatures on Saturday, will keep many customers in the affected regions to stay out of stores, the analyst explained. Last year, store traffic during the first Thursday to Saturday in January made up 3%-4% of retailers' total fourth quarter traffic, Chen estimated. Retailers with the most stores in the areas affected by the storm include Vera Bradley (VRA), TJX (TJX), and American Eagle (AEO), the analyst wrote. Retailers with the lowest number of stores in the affected areas include Ross Stores (ROST) and Fossil (FOSL), according to Chen. Also likely to be less affected by the storm than many retailers are companies that specialize in selling jewelry, including Tiffany (TIF) and Signet Jewelers (SIG), he added. The storm is not likely to impact sales of Valentine Day's gifts, Chen explained. PRICE ACTION: In midday trading, Vera Bradley rose 1% to $24.25, TJX added 0.8% to $64, American Eagle advanced 0.5% to $14.80, Ross Stores gained 0.5% to $74.65, Fossil was up 0.8% to $119, Tiffany lost 0.2% to $92.35, and Signet Jewelers was 1% higher to $79.50.
News For VRA;TJX;AEO;ROST;FOSL;SIG;TIF From The Last 14 Days
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November 18, 2014
08:46 EDTTJXTJX reports Q3 EPS 85c, consensus 85c
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07:31 EDTSIGSignet Jewelers names Daniel Shull as Chief Information Officer
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November 17, 2014
15:34 EDTTJXTJX November 62.5 straddle priced for 4.7% move into Q3
15:16 EDTTJXNotable companies reporting before tomorrow's open
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12:03 EDTFOSLOptions with decreasing implied volatility
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November 14, 2014
10:10 EDTFOSLOptions with decreasing implied volatility
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10:00 EDTROST, TJXOn The Fly: Analyst Downgrade Summary
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09:23 EDTFOSLFossil down 1.4% to $108.25 following profit warning from peer Movado
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08:15 EDTTJXTJX downgraded to Sell at Canaccord
As reported previously, Canaccord downgraded TJX to Sell from Hold citing expectations for a deceleration of growth over the long term. The firm raised its price target on the stock, however, to $58 from $54.
08:15 EDTROSTRoss Stores downgraded to Sell at Canaccord
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06:36 EDTTJXTJX downgraded to Sell from Hold at Canaccord
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06:36 EDTROSTRoss Stores downgraded to Sell from Hold at Canaccord
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06:23 EDTAEOAmerican Eagle implied volatility of 59 at upper end of index mean range
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November 13, 2014
11:49 EDTTJXTJX November volatility increases into Q3 and outlook
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November 12, 2014
10:07 EDTFOSLHigh option volume stocks: DDS FOSL ZTS CMA CLVS CZR
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10:00 EDTAEOAmerican Eagle rises on raised Q3 guidance, levels to watch
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09:21 EDTFOSLOn The Fly: Pre-market Movers
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08:03 EDTAEOAmerican Eagle raises Q3 adjusted EPS view to 22c from 17c-19c
Consensus is 18c. Including restructuring and asset impairment charges of (17c), GAAP earnings are estimated to be 5c per share. Last year, the company earned adjusted EPS of 19c in the third quarter, which excluded asset impairment charges of (6c). The earnings improvement over last year was primarily due to an improvement in markdowns and lower expenses. Third quarter net revenues declined slightly on a comparable sales decline of 5%. The EPS guidance excludes charges of approximately (17c) primarily due to store impairments and corporate overhead reductions related to the company’s profit improvement initiatives. These actions are expected to enable the company to fund key initiatives and generate savings to strengthen future earnings. “Third quarter earnings exceeded our expectations and margins were ahead of last year. We are encouraged by our ability to reduce promotional activity, particularly given the challenging and highly promotional retail climate,” said Jay Schottenstein, Interim CEO. “The team is making steady progress on merchandise improvements. Yet as we approach the holidays, we remain cautious given the ongoing weakness in mall traffic. The restructuring activities reflect our resolve to strengthen our business to deliver higher profitability and returns to shareholders.” Third quarter ending inventories are expected to be down, consistent with prior guidance.
07:58 EDTFOSLFossil price target raised to $150 from $140 at Jefferies
Jefferies raised its price target for Fossil (FOSL) shares to $150 saying the company's renewed agreement with Michael Kors (KORS) removes an overhang on the stock. The firm thinks Fossil's European growth potential associated with the Kors relationship is underappreciated. It reiterates a Buy rating on the stock.
06:00 EDTAEOAmerican Eagle implied volatility of 60 at upper end of index mean range
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