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Stock Market & Financial Investment News

News Breaks
January 13, 2014
04:55 EDTWEN, WEN, WEN, IRBT, IRBT, IRBT, LB, LB, LB, GES, GES, GES, HGG, HGG, HGG, JAH, JAH, JAH, RUTH, RUTH, RUTH, SIG, SIG, SIG, JACK, JACK, JACK, GDOT, GDOT, GDOT, FOSL, FOSL, FOSL, CLUB, CLUB, CLUB, CATM, CATM, CATM, COA, COA, COAICR to hold a conference
16th Annual ICR XChange Conference is being held in Orlando, Florida on January 13-15.
News For WEN;CATM;CLUB;FOSL;GDOT;JACK;SIG;RUTH;JAH;HGG;GES;LB;IRBT;COA From The Last 14 Days
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October 22, 2014
12:09 EDTIRBTOn The Fly: Midday Wrap
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09:21 EDTIRBTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
October 21, 2014
18:36 EDTIRBTOn The Fly: After Hours Movers
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17:08 EDTIRBTiRobot trades higher after results, first look
Price is up in the extended session by 7.5% following results and guidance, last at $34.10. At that price next resistance is at $35.73. Support is at $33.28.
16:16 EDTIRBTiRobot trades higher after results, first look
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16:12 EDTIRBTiRobot raises FY14 EPS view to $1.20-$1.25 from $1.10 - $1.20, consensus $1.14
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16:10 EDTIRBTiRobot sees Q4 EPS 26c-31c, consensus 35c
Sees Q4 revenue $158M - $167M , consensus $167.84M
16:09 EDTIRBTiRobot reports Q3 EPS 48c, consensus 33c
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11:57 EDTJACKChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
08:06 EDTSIGSignet Jewelers remains a top pick at Nomura
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October 20, 2014
11:40 EDTSIGSignet Jewelers management to meet with Sterne Agee
Group breakfast to be held in New York on October 24 hosted by Sterne Agee.
09:08 EDTIRBTiRobot awarded $7.6M order for upgrades and spares for 46 MTRS
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October 17, 2014
10:00 EDTSIGOn The Fly: Analyst Initiation Summary
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05:32 EDTSIGSignet Jewelers initiated with an Overweight at Barclays
Target $120.
October 16, 2014
10:01 EDTLBOn The Fly: Analyst Upgrade Summary
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06:22 EDTLBL Brands upgraded to Outperform from Market Perform at Wells Fargo
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October 14, 2014
12:55 EDTSIGSignet Jewelers pullback a buying opportunity, says Stephens
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11:21 EDTFOSLFossil initiated with a Buy at Standpoint Research
Target $124.
08:04 EDTSIGSignet Jewelers reaffirms Q2 guidance
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08:03 EDTSIGSignet Jewelers CEO Barnes resigns effective October 31, COO Light to succeed
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