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Stock Market & Financial Investment News

News Breaks
June 6, 2014
10:49 EDTVFC, ZQK, LULUQuiksilver rallies after UBS says takeover still possible
Shares of apparel maker Quiksilver (ZQK) are jumping after research firm UBS wrote that the company is still an attractive takeover target for VF Corp. (VFC), despite the weaker than expected results that Quiksilver reported on June 2. WHAT'S NEW: Although Quiksilver reported significantly weaker than expected Q2 results and the stock plunged, there are still strategic rationales for VF Corp. to buy the company, UBS contended. Among Quiksilver's features that make it attractive for VF Corp. are its emphasis on action and sports apparel, its strong brand, and its sustainable long-term growth, UBS believes. Additionally, Quiksilver could help VF Corp. reduce its dependence on winter apparel, the firm wrote. UBS kept Quiksilver on its top M&A target list. WHAT'S NOTABLE: VF Corp. operates like a private equity firm and should make one or two "significant" acquisitions every other year or so, ISI analyst Omar Saad wrote in his own note to investors on May 13. VF Corp. lacks a foothold in the strong and growing performance athletic apparel segment and a merger between it and lululemon (LULU) would be mutually beneficial, Saad contended at that time. PRICE ACTION: In mid-morning trading, Quiksilver climbed 8% to $3.62.
News For ZQK;VFC;LULU From The Last 14 Days
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August 28, 2015
07:12 EDTLULUWilliam Blair names 21 stocks best positioned for volatile markets
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August 27, 2015
07:56 EDTLULULululemon September weekly volatility elevated into Q2 and outlook
Lululemon 9/11/15 weekly call option implied volatility is at 66, September is at 61, October is at 48; compared to its 52-week range of 25 to 63, suggesting large near term price movement into the expected release of Q2 results on September 10.
07:52 EDTLULUBarclays would be a buyer of lululemon into the Q2 report
Barclays analyst Matt McClintock believes lululemon will report meaningful upside to his 7.7% total comp estimate when it reports Q2 earnings on September 10. Channel checks suggest a strong consumer response to new tops introduced in Q2 with stock outs above 50%, promising Google search activity, and momentum in men's. McClintock believes his earnings estimates will prove conservative and is a buyer into the report. Barclays' rates lululemon an Overweight with an $85 price target on shares.
August 21, 2015
07:37 EDTVFCVF Corp. on track for strongest growth in three years, says UBS
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August 18, 2015
10:00 EDTLULUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
August 17, 2015
16:57 EDTLULUlululemon initiated with a Peer Perform at Wolfe Research
Target $65.

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