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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:44 EDTVRA, SIG, AEO, FOSL, TJX, TIF, ROSTAnalyst 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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May 19, 2015
11:22 EDTTJXTJX sees buying back $1.8B-$1.9B of TJX stock this year
Says on track with store remodels. Sees "tremendous" opportunity for store growth in North America. Says "confident" in achieving growth goals.
11:06 EDTTJXTJX says expects to surpass $30B in sales this year
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10:59 EDTROST, TJXTJX results have positive read through for Ross Stores, says Wedbush
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08:50 EDTROSTRoss Stores June volatility elevated into Q1 and outlook
Ross Stores June call option implied volatility is at 28, July is at 22, August is at 24; compared to its 90-day average of 24, suggesting large near term price movement into the expected release ofQ1 results on May 21.
08:42 EDTTJXTJX says Q2 'off to a very strong start'
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08:42 EDTTJXTJX raises FY16 EPS view to $3.21-$3.27 from $3.17-$3.25
Consensus is $3.30. The company is raising its full year guidance to reflect its strong first quarter results. For the fiscal year ending January 30, 2016, the company now expects diluted earnings per share to be in the range of $3.21 to $3.27 versus $3.15 in Fiscal 2015. Excluding a 1c debt extinguishment charge in Fiscal 2015, this guidance would represent a 2% to 3% increase over the adjusted $3.16 in Fiscal 2015. This guidance reflects an assumption that the combination of foreign currency, transactional foreign exchange, investments in Associates, incremental investments to support growth, and pension costs would have an 8% negative impact on EPS growth. This EPS outlook is now based upon a raised estimate of consolidated comparable store sales growth of 2% to 3%. The company’s earnings guidance for the second quarter and full year Fiscal 2016 assumes that currency exchange rates will remain unchanged from the levels at the beginning of the second quarter.
08:40 EDTTJXTJX sees Q2 EPS 72c-74c, consensus 78c
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08:40 EDTTJXTJX reports Q1 EPS 69c, consensus 67c
Reports Q1 revenue $6.9B, consensus $6.8B. Reports Q1 consolidated SSS up 5%.
08:00 EDTAEOAmerican Eagle announces license agreements in South Korea, Singapore, Greece
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May 18, 2015
20:16 EDTAEOUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
15:39 EDTTJXTJX technical notes before results
There is a small potential bullish, inverted, head and shoulders pattern on the daily chart. The neckline for the pattern, the trigger point for the pattern to be considered active, is at $67.50 which is just above the 50-day moving average. Upside potential for the pattern if it triggered and completed would be to the $71.50 to $72 area which would mark fresh 52-week highs. If the news is bearish, the first significant support level to watch would be the pivot low at $63.66. That pivot is the highest point in the head of the bullish head and shoulders pattern noted above. Support below this pivot would be at $61.50.
15:18 EDTTJXTJX June volatility increases into Q1 and outlook
TJX June call option implied volatility is at 23, July and October is at 20; compared to its 90-day average of 20, suggesting larger near term price movement into the expected release of Q1 on May 19.
15:00 EDTTJXNotable companies reporting before tomorrow's open
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12:04 EDTTJXTJX management to meet with Guggenheim
Meeting to be held in Framingham, MA on May 20 hosted by Guggenheim.
12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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May 15, 2015
08:24 EDTAEOAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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07:41 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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May 14, 2015
07:37 EDTTJXTJX June volatility increases into Q1 and outlook
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May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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