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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:18 EDTZUMZ, PSUN, URBN, ARO, AEOZumiez rallies after raising second quarter outlook
Shares of action sports apparel retailer Zumiez (ZUMZ) are moving higher after the company raised its second quarter outlook. WHAT'S NEW: Last night, Zumiez raised its Q2 earnings per share outlook to 19c-21c from 12c-16c, compared to consensus of 18c. It also raised its Q2 revenue view to $174M-$176M from $167M-$171M, versus consensus of $171.6M. The guidance is predicated on a low single digit comparable store sales increase for the second quarter, and includes a previously disclosed estimate of $0.6M, or approximately 2c per diluted share, for charges associated with the acquisition of Blue Tomato, the company explained. The company cited better than planned sales results for the increased Q2 outlook. PRICE ACTION: In late morning trading, Zumiez rose $2.45, or about 9%, to $30.45 on heavy trading volume. The stock is quickly approaching its 52-week high of $31.31. Including today's advance, the stock is down approximately 2% over the past 12 months. OTHERS TO WATCH: Other mall-based apparel retailers include Pacific Sunwear (PSUN), Urban Outfitters (URBN), Aeropostale (ARO) and American Eagle (AEO).
News For ZUMZ;PSUN;URBN;ARO;AEO From The Last 14 Days
Check below for free stories on ZUMZ;PSUN;URBN;ARO;AEO the last two weeks.
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September 10, 2014
09:22 EDTURBNOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
09:13 EDTURBNUrban Outfitters shares should be bought on weakness, says Stifel
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08:50 EDTURBNUrban Outfitters comp trends poised to accelerate, says William Blair
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September 9, 2014
18:31 EDTURBNOn The Fly: After Hours Movers
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16:44 EDTURBNUrban Outfitters slips after hours on Q3 SSS
The company said that its Q3 same store sales were so far in the low single-digits negative. Shares are down in the extended session by 2.6% to $37.86. At that price support is at $36.99. Resistance is at $38.59.
16:25 EDTURBNUrban Outfitters says Q3 SSS thus far are low single-digit negative
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September 5, 2014
16:25 EDTZUMZOn The Fly: Closing Wrap
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12:57 EDTZUMZOn The Fly: Midday Wrap
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12:19 EDTURBN, AEOGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:43 EDTAEO, ZUMZ, URBN, ARO, PSUNZumiez sinks as company provides 'disappointing' Q3 outlook
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10:05 EDTZUMZOn The Fly: Analyst Downgrade Summary
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09:44 EDTZUMZZumiez shares defended at DA Davidson
07:08 EDTZUMZZumiez downgraded to Neutral from Overweight at Piper Jaffray
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September 4, 2014
18:28 EDTZUMZOn The Fly: After Hours Movers
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16:07 EDTZUMZZumiez tumbles after results and outlook, levels to watch
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16:07 EDTZUMZZumiez sees Q3 EPS 47c-50c, consensus 54c
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16:05 EDTZUMZZumiez reports August SSS up 2%
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16:05 EDTZUMZZumiez reports Q2 EPS 26c, consensus 23c
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15:23 EDTZUMZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.90; Esterline Technologies (ESL), consensus $1.40; Verint Systems (VRNT), consensus 60c; Finisar (FNSR), consensus 32c; Zumiez (ZUMZ), consensus 23c; SeaChange (SEAC), consensus (18c); Ambarella (AMBA), consensus 28c; Infoblox (BLOX), consensus 1c.

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