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Stock Market & Financial Investment News

News Breaks
January 10, 2013
12:25 EDTWMT, F, SVU, NOK, URBN, MCP, AROOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as a slightly worse than expected weekly jobless claims report in the U.S. was balanced by strong export data from China. With the earnings season not set to begin in earnest until next week, and no sign of urgency from lawmakers to pick up their debate on the impending debt ceiling until the last minute again, the market may be range-bound in the near term... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Wal-Mart (WMT) shares slid nearly 1% after two Congressmen suggested that the company's current CEO knew as early as 2005 about bribery allegations against the retailer in Mexico... Ford (F) rose 2.5% after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) rose almost 13% after the company reported a quarterly profit on sales that were roughly in-line with expectations, but more importantly agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), which surged over 18% after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher were shares of Urban Outfitters (URBN), up 4% after it reported a 9% increase in comparable retail segment net sales during the holiday season and research firm Piper Jaffray raised its price target on the shares. Among the noteworthy losers were Molycorp (MCP), down 21% after forecasting lower than expected 2013 revenue and cash flow, and Aeropostale (ARO), down 6% after cutting its Q4 profit view and having shares downgraded to Hold at Brean Capital... INDICES: Near noon, the Dow was up 14.49, or 0.11%, to 13,405.00; the Nasdaq was down 0.40, or 0.01%, to 3,105.41; and the S&P 500 was up 3.85, or 0.26%, to 1,464.87.
News For WMT;F;SVU;NOK;URBN;MCP;ARO From The Last 14 Days
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August 19, 2014
06:56 EDTAROAeropostale CEO change may not help much, says Wells Fargo
After Aeropostale announced that its longtime former CEO, Julian Geiger, would return to the role, Wells Fargo thinks that Geiger may not be able to solve the company's positioning problems. According to the firm, the company was known for providing basics, but consumers are not willing to pay for basics anymore. The firm keeps a Market Perform rating on the shares.
05:24 EDTURBNUrban Outfitters upgraded to Outperform from Neutral at RW Baird
RW Baird upgraded Urban Outfitters to Outperform citing a more favorable risk/reward following the company's Q2 results. Baird highlights merchandise improvements at the namesake brand and momentum at Anthropologie and Free People. The firm raised its price target for shares to $44 from $40.
August 18, 2014
18:21 EDTURBN, AROOn The Fly: After Hours Movers
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18:13 EDTWMTWal-Mart not likely to bid for Family Dollar, Bloomberg reports
According to people familiar with the situation, Wal-Mart Stores (WMT) is unlikely to make an offer for Family Dollar Stores (FDO), Bloomberg reports. Reference Link
17:45 EDTURBNUrban Outfitters has no intentions to close 'college stores'
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17:04 EDTAROAeropostale up 7% after CEO change, Q2 guidance
16:36 EDTAROAeropostale sees Q2 adjusted EPS (45c)-(42c), consensus (58c)
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16:32 EDTAROAeropostale announces Julian Geiger to rejoin company as CEO
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16:04 EDTURBNUrban Outfitters reports Q2 SSS flat
Q2 comparable Retail segment net sales, which include comparable direct-to-consumer channel, were flat.
16:03 EDTURBNUrban Outfitters reports Q2 EPS 49c, consensus 49c
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15:26 EDTURBNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Urban Outfitters (URBN), consensus 49c; Fabrinet (FN), consensus 35c.
13:01 EDTFFord, Chevrolet launching incentives earlier than usual, Autmotive News says
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12:32 EDTURBNUrban Outfitters technical comments ahead of earnings
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11:46 EDTURBNUrban Outfitters consensus estimates to come down, says Maxim
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11:05 EDTURBNOptions with increasing implied volatility
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10:08 EDTURBNUrban Outfitters volatility increases into Q2 and outlook
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08:47 EDTWMTDollar General says would slow store opening growth in Family Dollar deal
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07:37 EDTFReport says Russia may bar car imports if new sanctions enacted, Reuters says
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06:24 EDTURBNOptions expected to be active
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06:09 EDTAROAeropostale volatility elevated into Q2 and new leadership outlook
Aeropostale September call option implied volatility is at 93, October is at 75, January is at 85; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 21.
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