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Urban Outfitters Soars On Q1 Earnings And Revenue Beat
Urban Outfitters (URBN – Analyst Report) announced financial results for the first quarter of fiscal 2017, posting earnings of $0.25 per share and net sales of $762.6 million. Currently, Urban Outfitters has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Urban Outfitters: 1. Met earnings estimates: The company posted $0.25 per share, matching our Zacks Consensus Estimate of the same value. 2. Beat revenue estimates: The company saw revenue figures of $762.6 million, narrowly beating our estimate of... -
Finance 0
Tesla Falls After $2B Stock Sale For Model 3 Acceleration
After the market closed, Tesla (TSLA) announcing an underwritten registered public offering of about $2B of common stock, with Tesla offering about $1.4B of shares with the remaining shares to be sold by Tesla CEO Elon Musk to cover tax obligations associated with his concurrent exercise of more than 5.5M stock options. Tesla noted that on a net basis, Musk will increase his overall Tesla shareholdings through these transactions. WHAT’S NEW: The electric car maker said it intends to use the net proceeds from this offering to accelerate the ramp of Model 3 due to the “overwhelming demand” it has received for its Model 3 sedan... -
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CAT-F, CAT-F, Dog One Is Open
This has been a very tense week. The persistent tug-of-war between good (the bears) and evil (the bulls) has been worse than ever, with neither side gaining a toehold. Today (Wednesday), however, helped the bearish cause in a couple of ways. First off, the all-important crude oil bounced perfectly off the upper trendline of its wedge pattern. This is the only reason I made a decent profit today, because my positions are so prone to movement in crude oil. The weaker this gets, the better things go for the bears. Oil is crucial. In addition, with the Fed signaling another interest rate increase in just a month from now, the ES has a real ch... -
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Wall Street Bonuses Predicted To Fall 20% In 2016
Wall Street bonuses could decline by as much as 20 percent this year according to estimates from compensation consultant Johnson Associates Inc. While bonuses are predicted to fall across the board, the firm believes that fixed income trading and investment bank underwriting will be hardest hit, estimating that bonuses for those roles will fall as much as 15 percent to 20 percent from last year. Johnson Associates also predicts that hedge funds may cut bonus compensation by as much as 15 percent as well, while other asset managers will probably see a drop of 5 percent to 10 percent. PE firms and high net worth managers are estimated to fa... -
Finance 0
Swing Trading Watch-List: May 18, 2016
Here’s your swing-trading watch-list: Short Air Products & Chemicals (APD) Short Host Hotels & Resorts (HST) Short Moody’s (MCO) Long EnLink Midstream Partners (ENLK) Long SEI Investments (SEIC)... -
Finance 0
American Eagle Stock Rallies On Q1 Earnings Beat
American Eagle Outfitters (AEO – Analyst Report) released its first quarter fiscal 2016 earnings results, posting earnings of $0.22 per share and revenue of $749 million. Currently, AEO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. American Eagle: 1. Beat earnings estimates. The company posted earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.18 per share and increasing 46.7% year-over-year. 2. Beat revenu... -
Finance 0
The Fed Surprise
There isn’t much away from what the Fed does—not earnings, economic data, or the price of widgets—that matter to investors over the past 7+ years. Wednesday Fed Minutes were released from the most recent meeting and they surprised investors as members were poised to raise interest rates at the June meeting if the gods and conditions permitted. Markets were higher before this release but this news caused markets to sell-off slightly. In fact, the news allowed financials and bank sectors to soar given higher interest rates would help the sector. Given the higher weight financials carry on indexes markets only fell to unchanged for the mos... -
Finance 0
Losses Outscore Gains
Small gains fail to recover yesterday’s losses. The trend is down, but losses are still modest – thanks to these regular gains. The S&P is still clinging on to the neckline of the head-and-shoulder pattern. Volume climbed to register an accumulation day, but the ‘spinning top’ finish for the day leaves things in a more neutral state. A swing-trade using day’s highs/lows as the trigger would be ideal, but an inside day would offer better risk:reward. After an extended period of relative outperformance by the Russell 2000 against the Nasdaq, the Russell 2000 has begun a period of underperformance with supportin... -
Finance 0
Alleghany – Chart Of The Day
The Chart of the Day is Alleghany (NYSE:Y). I found the P&C insurance stock by using Barchart to sort today’s All Time High list first for the most frequent number of new highs in the last month then again for technical buy signals of 80% or more. I use the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 3/1 the stock gained 9.28%. Alleghany is engaged, through its subsidiaries Chicago Title and Trust Company (“CT&T“), Chicago Title Insurance Company (“CTI“), Security Union Title Insurance Company (“Security Union“) and Ticor Title Insura... -
Finance 0
Builders FirstSource, Inc. Announces Secondary Offering
DALLAS, May 18, 2016 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (the “Company”) (Nasdaq:BLDR) today announced the commencement of a public offering of 13,263,266 shares of its common stock to be sold by Warburg Pincus Private Equity IX, L.P. After completion of the offering, Warburg Pincus Private Equity IX, L.P. will no longer own any shares of the Company’s common stock. The Company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of the Company’s officers or directors are selling any shares of common stock ...
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