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Stock Market & Financial Investment News

News Breaks
July 14, 2014
11:38 EDTWWWWolverine World Wide July volatility increases into Q2
Wolverine World Wide July call option implied volatility is at 84, August is at 39, December is at 31; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on July 15.
News For WWW From The Last 14 Days
Check below for free stories on WWW the last two weeks.
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July 18, 2014
10:03 EDTWWWOn The Fly: Analyst Downgrade Summary
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07:33 EDTWWWWolverine World Wide downgraded to Hold from Buy at Argus
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July 16, 2014
07:42 EDTWWWWolverine World Wide weakness a buying opportunity, says Brean Capital
Brean Capital would use any weakness in Wolverine World Wide as a buying opportunity. The firm thinks the company is proactively and strategically positioning itself as consumers shift their shopping behavior and keeps its Buy rating and $35 price target on the stock.
July 15, 2014
15:01 EDTWWWWolverine World Wide weakness is buying opportunity, says Brean Capital
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10:28 EDTWWWHigh option volume stocks
High option volume stocks: TRGT ALB UUP ADHD ROC WWW CTRL KERX IMGN NI
09:21 EDTWWWOn The Fly: Pre-market Movers
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06:37 EDTWWWWolverine World Wide announces strategic realignment plan
In a move designed to accelerate growth and improve overall profitability, the company announced a Strategic Realignment Plan that includes store closures primarily within the Stride Rite fleet and several other initiatives. The realignment of the consumer-direct business is intended to optimize the fleet of retail locations, right-size the supporting infrastructure, address a fundamental shift in consumer shopping behavior and allow for greater focus on important omni-channel initiatives. Key components of the plan include: Closing approximately 140 retail locations primarily Stride Rite stores over the next 18 months. Of these, the company expects that approximately 60 stores will close by FY end, with the balance closed by the end of 2015; Consolidating certain consumer-direct functions, specifically store operations and field support teams, intended to allow for a more effective and efficient management of the retail fleet; and Implementing organizational and infrastructure changes to realize further synergies. The company estimates pretax charges related to the plan in the range of $30M-$37M, and expects to record these charges between now and the end of FY15 as it executes each component. Approximately $13M-$15M of this estimate represents non-cash charges, primarily asset write-offs related to closed retail locations and restructuring charges related to the remaining retail store fleet and international operations. Of this non-cash amount, $3.4M was recorded in Q2. Once the plan is fully implemented, the company expects annual pretax benefits of approximately $11M and intends to redeploy a meaningful portion of these benefits to further build out consumer-direct omni-channel capabilities and accelerate growth in its wholesale operations.
06:34 EDTWWWWolverine World Wide backs FY 14 adjusted EPS view of $1.57-$1.63
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06:33 EDTWWWWolverine World Wide reports Q2 adjusted EPS 31c, consensus 27c
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July 14, 2014
15:24 EDTWWWNotable companies reporting before tomorrow's open
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11:38 EDTWWWWolverine World Wide July volatility increases into Q2
Wolverine World Wide July call option implied volatility is at 84, August is at 39, December is at 31; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on July 15.
10:23 EDTWWWWolverine World Wide technical comments ahead of results
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July 11, 2014
06:30 EDTWWWWolverine World Wide FY14 revenue outlook too optimistic, says Piper Jaffray
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