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Stock Market & Financial Investment News

News Breaks
October 22, 2013
11:23 EDTWHR, GE, SSNLF, ELUXY, SHLD, HGG, HD, LOW, BBYWhirlpool rallies after raising full year profit outlook
Shares of appliance manufacturer Whirlpool (WHR) are rallying after the company raised its full year profit outlook. WHAT'S NEW: This morning, Whirlpool reported third quarter adjusted EPS of $2.72 and revenue of $4.7B. This compared to analysts’ consensus estimates of $2.61 and $4.74B, respectively. WHAT’S NOTABLE: The company raised its fiscal 2013 adjusted earnings view to $9.90-$10.10 from $9.50-$10.00, versus consensus of $9.97. The company’s full-year diluted earnings per share guidance was increased to $10.45-$10.65 compared to the previous range of $10.05-$10.55. The company now expects full-year 2013 U.S. industry unit shipments to increase by approximately 9%. PRICE ACTION: In late morning trading, Whirlpool rose about 9% to over $143 per share on nearly twice its average daily trading volume. OTHERS TO WATCH: Whirlpool's competitors in the appliance space include General Electric (GE), Samsung (SSNLF), Electrolux (ELUXY) and LG. Appliances retailers include Home Depot (HD), Lowe's (LOW), Sears (SHLD), Best Buy (BBY) and hhgregg (HGG).
News For WHR;GE;SSNLF;ELUXY;SHLD;HGG;HD;LOW;BBY From The Last 14 Days
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August 19, 2014
06:01 EDTHDHome Depot reports Q2 EPS $1.52, consensus $1.45
Reports Q2 revenue $23.81B, consensus $23.61B
August 18, 2014
16:00 EDTHDOptions Update; August 18, 2014
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15:26 EDTHDNotable companies reporting before tomorrow's open
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14:49 EDTHDHome Depot August weekly 83.5 straddle priced for 2.3% move into Q2
14:32 EDTHDHome Depot technical notes ahead of earnings
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14:22 EDTHDHome Depot technical notes ahead of earnings
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14:14 EDTHDHome Depot technical notes ahead of earnings
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11:39 EDTHDHome Depot weekly volatility elevated into Q2 and outlook
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11:25 EDTLOW, HDEarnings 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%.
09:16 EDTSSNLFSamsung mulls manufacturing smartphones in Jakarta, WSJ says
Samsung is contemplating whether or not to manufacture smartphones at its Jakarta, Indonesia facility, according to The Wall Street Journal, citing comments from a company spokeswoman in an e-mailed statement. Reference Link
07:07 EDTGEGeneral Electric reinstated with an Outperform at Credit Suisse
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06:24 EDTHD, LOWOptions expected to be active
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06:03 EDTSSNLFAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
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August 15, 2014
10:09 EDTSSNLFSony expected to debut Smartwatch 3 next month, GigaOM reports
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06:02 EDTSSNLFSamsung acquires home automation startup SmartThings, terms not disclosed
SmartThings announced on its blog that it has been acquired by Samsung and will operate as an independent company within Samsung’s Open Innovation Center group. "It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers. We’re thrilled that Samsung fully supports this vision.We will continue to run SmartThings the way we always have: by embracing our community of customers, developers, and device makers and championing the creation of the leading open platform for the smart home. Our growing team will remain fully intact and will relocate to a new headquarters in Palo Alto, CA. In short: SmartThings will remain SmartThings." Reference Link
August 14, 2014
13:26 EDTELUXY, GEGE evaluating 'wide range' of options for appliances unit, Bloomberg reports
General Electric (GE) says it is evaluating a "wide range" of options for its home appliance business, Bloomberg reports. According to a GE spokesperson, the company is holding discussions with Electrolux (ELUXY) and other parties. Consumer development startup Quirky is also said to be interested in the GE unit. Reference Link
12:25 EDTELUXY, GEGE says evaluating 'range' of options for Appliances, Bloomberg reports
General Electric confirmed in an interview that its in talks with Electrolux AB (ELUXY) regarding the potential sale of its Appliances unit, Bloomberg reports. GE added its evaluating a "wide range of strategic options" for its Appliances unit.
11:22 EDTELUXY, GEElectrolux confirms in talks to acquire GE Appliances
Electrolux (ELUXY) confirmed that it is in discussions regarding a possible acquisition of the appliances business of GE (GE). "No agreement has been reached, and there can be no assurances that an agreement will be reached. Any further announcements will be made in due course," Electrolux stated.
08:11 EDTGEGE Healthcare to use RTI Connext Middleware
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06:19 EDTSSNLFLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
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