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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:24 EDTPLCE, ZU, CRIzulily rallies after Goldman ups rating to Buy
Shares of Internet-based retailer zulily (ZU), which focuses on children's apparel, are climbing after Goldman Sachs upgraded the stock in a note to investors earlier today. WHAT'S NEW: zulily is poised to generate $1B of sales this year, its fifth year in business, making it only the third retailer to reach the sales milestone that quickly, after Gap's (GPS) Old Navy and Amazon.com (AMZN), Goldman Sachs analyst Taposh Bari wrote in a note to investors. zulily is likely to grow faster than the overall industry, as its multiple initiatives should enable it to attract more customers than expected into 2015, the analyst wrote. Additionally, the stock has reached an attractive entry point following its recent pullback, Bari stated. Furthermore, the company will start offering other types of products such as women's apparel and toys, the analyst believes. He upgraded the stock to Buy from Neutral and raised his price target on the shares to $50 from $47. WHAT'S NOTABLE: Although zulily has "agile merchandising" and a strong presence on the mobile Internet, the company also has relatively limited products and "lagging" delivery times, Bari reported. As a result, the threat posed by zulily to traditional children's retailers is somewhat limited, according to the analyst. The retailers best suited to fend off the threat posed by zulily are those with valuable brands, a strong online presence, and "appropriate" retail distribution systems, Bari believes. Carter's (CRI) meets all of these criteria and is a "winner," partly because of its national wholesale operation and thriving online business, according to Bari. Conversely, Children's Place (PLCE) is in a more vulnerable position, since it has similar products to those offered by zulily, along with deteriorating profit margin trends and expensive stores in malls, Bari stated. He kept a Buy rating on Carter's and a Sell rating on Children's Place. PRICE ACTION: In mid-afternoon trading, zulily jumped 10% to $40, while Carter's was flat at $69.50 and Children's Place fell 1% to $50.
News For ZU;PLCE;CRI From The Last 14 Days
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November 20, 2014
07:13 EDTPLCEChildren's Place appoints Anurup Pruthi as CFO
Children's Place announced the appointment of Anurup Pruthi as SVP and CFO, effective December 1. He joins Children's Place from Reliance Industries, in Mumbai, India, where he served as CFO.
07:12 EDTPLCEChildren's Place opened 10 stores, closed 6 during Q3
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07:11 EDTPLCEChildren's Place sees FY14 EPS $2.95-$3.05, consensus $3.02
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07:10 EDTPLCEChildren's Place sees Q4 EPS 83c-93c, consensus 93c
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07:08 EDTPLCEChildren's Place reports Q3 EPS $1.70, consensus $1.80
Reports Q3 revenue $487.3M, consensus $487.87M. Reports Q3 SSS up 0.2%.
November 19, 2014
10:21 EDTPLCEHigh option volume stocks
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November 14, 2014
10:00 EDTPLCE, CRIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.
November 13, 2014
16:13 EDTPLCEChildren's Place initiated with a Neutral at Sterne Agee
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16:10 EDTCRICarter's initiated with a Buy at Sterne Agee
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November 11, 2014
10:39 EDTZUOptions with decreasing implied volatility
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07:49 EDTCRIBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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November 10, 2014
10:17 EDTZUOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI ACHN RPRX ARCP SALE ZU KING UBNT KATE AWAY

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