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Not many investors. VNDA, have a very high margin requirement(70%)
The need to capital. Dividends? By way of what? A real trap for an investor in the month of september.RSI(14)79.51
This is like honey, attract investors to buy shares in overbought level? Why now and not advertise in Q2?
A real trap for an investor.
Analyst Rating Network:8/21/2014 S&P Price Target Average -> Hold $4.34 8/21/2014 Citigroup Sell $9.00 -> $10.00
It is wrong S & P and Citibank? I think not.
Ratings Breakdown: 3 Sell Rating(s), 10 Hold Rating(s), 11 Buy Rating(s)
Consensus Rating: Hold (Score: 2.33)
Consensus Price Target: $13.02 7.56% downside)
8/28/2014 Standpoint Research Downgrade Buy - Hold
8/21/2014 BMO Capital Markets Boost Price Target $11.00 - $12.00
8/21/2014 S&P Equity Research Boost Price Target Average - Hold $4.34
8/21/2014 Oppenheimer Reiterated Rating Market Perform $11.00 - $12.00
8/21/2014 Citigroup Inc. Reiterated Rating Sell $9.00 - $10.00
8/21/2014 CRT Capital Reiterated Rating Fairly Valued $11.00 - $13.00
8/21/2014 JPMorgan Chase & Co. Reiterated Rating Neutral $11.00 - $13.00
8/21/2014 Mizuho Boost Price Target Buy $10.00 - $12.00
8/21/2014 Janney Montgomery Scott Upgrade Neutral - Buy $10.00 - $15.00
8/20/2014 SunTrust Upgrade Neutral - Buy
8/20/2014 Stifel Nicolaus Reiterated Rating Hold
8/12/2014 Wunderlich Initiated Coverage Hold $11.00
6/27/2014 FBR Capital Markets Boost Price Target Market Perform - Outperform $11.49 - $17.00
6/20/2014 Stephens Initiated Coverage Equal Weight $12.00
6/12/2014 CRT Capital Initiated Coverage Fair Value - Fair Value $11.00
5/27/2014 B. Riley Reiterated Rating Buy $19.00 - $16.00
5/22/2014 BMO Capital Markets Lower Price Target $12.00 - $11.00
5/22/2014 SunTrust Lower Price Target $13.00 - $12.00
5/22/2014 Mizuho Lower Price Target $12.00 - $11.00
5/22/2014 FBR Capital Markets Reiterated Rating Market Perform $13.00 - $12.00
5/22/2014 JPMorgan Chase & Co. Reiterated Rating Neutral $13.00 - $11.00
5/22/2014 Oppenheimer Reiterated Rating Market Perform $12.00 - $11.00
https://www.analystratings.net/stocks/NYSE/AEO/?ShowRankings=1
The EPS does not represent 1% of sales. A little cold and goodbye
LONDON, August 29, 2014 /PRNewswire/ --
Investor-Edge.com has issued free earnings briefing on American Eagle Outfitters Incorporation (NYSE: AEO). The company featured in the headlines on Wednesday, August 20, 2014 after declaring its results for the second quarter ended August 02, 2014. During Q2 2014, the company's diluted EPS declined $0.07 Y-o-Y and its net revenue decreased 2% Y-o-Y. Our free coverage report can be accessed at:
http://www.investor-edge.com/register
Earnings Overview
During Q2 FY14, American Eagle Outfitters Inc. reported net revenue of $710.59 million, compared with $727.31 million in the prior year quarter. For Q2 FY14, the company's diluted earnings decreased to $0.03 per share, from $0.10 in the year ago period. Analysts from Bloomberg were expecting the company to report flat diluted EPS and net revenue of $689.68 million in Q2 FY14. American Eagle Outfitters Inc.'s consolidated comparable store sales for the reported quarter decreased by further 7%, following a 7% decline in Q2 FY13. The free research on AEO can be downloaded as in PDF format at:
http://www.Investor-Edge.com/AEOFreeReport
During Q2 FY14, the company's gross profit declined 3% Y-o-Y to $237.55 million from $245.49 million in the prior year quarter, while the gross profit margin fell by 40 basis points Y-o-Y to 33.4% during the quarter. The company's gross margin reflected the effect of de-leverage of buying, occupancy and warehousing costs on negative comparable sales, which was largely offset by favourable merchandise and design costs and a slight improvement in the markdown rate. Further, in Q2 FY14, American Eagle's operating income fell by 59% Y-o-Y to $12.05 million, while its operating margin decreased 240 basis points to 1.7%. The company's selling, general and administrative expenses during the reported quarter increased 2% or $3.74 million Y-o-Y to $190.08 million. As a rate to revenue, SG&A expenses during the reported quarter increased 110 basis points Y-o-Y to 26.7%, driven by investments in advertising, international growth, factory stores and omni-channel initiatives, though the increase was partially offset by reductions in overhead and variable expenses.
Commenting on the company's quarterly results, Jay Schottenstein, Interim CEO of American Eagle Outfitters Inc., stated in the press release that the company's results came slightly above its expectations, but do not reflect the company's potential. He added that the company made significant progress on its priorities to build a sustainable path to higher profitability. Mr. Schottenstein stated that the company successfully cleared its spring and summer merchandise and entered the second half of the year in a good inventory position and made progress on merchandise improvements, which will ramp up through the holiday season. He added that the company remains vigilant on expense management to achieve strategic initiatives, significant to the company's future success. Mr. Schottenstein remained confident that the company will achieve stronger operating results and deliver increasing shareholder value.
American Eagle Outfitters Inc.'s total merchandise inventories for the quarter ended August 02, 2014 declined 15% Y-o-Y to $393.31 million, from $461.08 million in the preceding year quarter. In Q2 FY14, the company's capital expenditures totaled $74 million. For FY 2014, the company continues to expect capital expenditures of approximately $230 million, while for FY15, the company expects capital spending of approximately $150 million. During Q2 FY14, Pittsburgh, Pennsylvania-based retailer opened 20 new stores. As of August 02, 2014, the company's total cash and investments stood at $263 million compared with $405 million at the end of the prior year quarter. For Q3 FY14, the company's management expects EPS to be in the range of approximately $0.17 to $0.19, compared to adjusted earnings of $0.19 per diluted share in Q3 FY13. The company's third quarter outlook is based on a mid single-digit decline in comparable sales, and excludes potential asset impairment and restructuring charges. Sign up and read the free analyst's notes on AEO at:
http://www.Investor-Edge.com/AEO-29082014
Stock Performance
On Wednesday, August 20, 2014, the day of the earnings release, shares in American Eagle Outfitters Inc. surged 11.99% to end the session at $12.98. On the last close, Thursday, August 28, 2014, shares of the company finished the day 1.13% lower at $14.03. The stock vacillated between $13.68 and $14.08 during the session. A total of 7.60 million shares were traded, which was above its three months average volume of 5.02 million shares. Over the previous three trading sessions and in the last one month, shares in American Eagle Outfitters Inc. have gained 2.71% and 36.48%, respectively. However, the stock has declined 2.57% from the beginning of 2014. Shares in American Eagle Outfitters Inc. are trading above their 50-day and 200-day moving averages of $11.30 and $12.76, respectively. Furthermore, the company's stock traded at a PE ratio of 33.33 and has a Relative Strength Index (RSI) of 82.42. Visit Investor-Edge and access the latest research on AEO at:
http://www.Investor-Edge.com/AEOEarningsCoverage
Sneak Peek to Corporate Insider Trading
In the last one month, American Eagle Outfitters Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on AEO is available at:
http://www.Investor-Edge.com/AEOInsiderTrading
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Downgrade Alert for American Eagle Outfitters (AEO)
Aug 29, 2014 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- American Eagle Outfitters (NYSE:AEO) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $14.02 on volume of 7.5 million shares, above average daily volume of 5.8 million. American Eagle Outfitters (NYSE:AEO) is currently priced 12.8% above its average consensus analyst price target of $12.23. American Eagle Outfitters shares have support at the 200-day moving average (MA) of $12.75 and additional support at the 50-day MA of $11.34.
In the past 52 weeks, shares of American Eagle Outfitters have traded between a low of $10.12 and a high of $16.95 and closed yesterday at $14.03, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.7%.
American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company's products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.
SmarTrend is monitoring the recent change of momentum in American Eagle Outfitters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Eagle Outfitters in search of a potential trend change.
http://www.zacks.com/research/get_news.php?id=241l9249
Standpoint Research downgrade AEO from buy to Hold
.
8/28/14 according to Bloomberg 9:07:00 hs (Bezinga)
Press Release: Fitch Affirms Transocean Inc.'s IDR at 'BBB-'; Outlook Stable
1:08p ET August 27, 2014 (Dow Jones)
Press Release: Fitch Affirms Transocean Inc.'s IDR at 'BBB-'; Outlook Stable
The following is a press release from Fitch Ratings:
Fitch Ratings-Chicago-27 August 2014: Fitch Ratings has affirmed Transocean Inc. (Transocean; NYSE: RIG) and its affiliate's long-term Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB-'. The Rating Outlook remains Stable.
Approximately $9.9 billion of debt, excluding the outstanding Eksportfinans loans, is affected by today's rating action. A full list of rating actions follows at the end of this release.
KEY RATING DRIVERS
Transocean's ratings are supported by its market position as the largest global offshore driller, strong backlog ($25 billion as of July 16, 2014), favorable rig fleet high-grading and margin improvement efforts, and heightened financial flexibility. These considerations are offset by the possibility of a weaker than expected offshore market, focus on returning cash to shareholders, and Macondo litigation uncertainty. However, Fitch believes the company's current and projected leverage profile (Fitch calculated 2.6x LTM debt/EBITDA as of June 30, 2014); Fitch base case forecasts, excluding debt assumed at Transocean Partners LLC (NYSE: RIGP) and non-controlling cash flows, debt/EBITDA of 3.0x in 2015) and financial flexibility provides sufficient headroom at the current 'BBB-' rating to warrant a Stable Outlook.
SOFTENING OFFSHORE MARKET
Near-term offshore demand has moderated as international oil companies (IOCs) focus on cash flows and shareholder returns and national oil companies (NOCs), including Petrobras, delay drilling programs further depressing market conditions. However, Fitch expects medium-term demand to expand mainly due to declines in existing offshore reserve bases that will necessitate IOCs and NOCs explore for new and develop existing challenging resources (e.g., pre salt, ultra-deepwater, arctic). On the supply-side, new builds equal to roughly one-third of the working worldwide rig fleet are scheduled to be delivered through 2018. This will materially increase the supply of offshore rigs and raise the average worldwide fleet quality.
Fitch believes that utilization and day rates for existing, lower specification rigs will remain under pressure over the near-term. Further, the rate of absorption could heighten downmarket competition leading to some lower specification rig displacement and, potentially, stacking and/or attrition. Fitch views 2016 as the company's likely inflection point with a large proportion of its legacy backlog having rolled off and the majority of competitive newbuilds reaching the market. However, a prolonged aversion by the market to fleet attrition and/or a sustained period of depressed demand could push back the inflection point. Transocean's delivery of six drillships (five contracted) and five high-specification jackups (uncontracted) between the first quarter of 2016 and second quarter of 2017 should support financial results in either case.
EXECUTION OF TRANSOCEAN PARTNERS IPO
Transocean completed its IPO for Transocean Partners LLC, an affiliated MLP-like yield vehicle, on July 31, 2014. Upon closing, Transocean transferred to RIGP a 51% ownership interest in the entities that own and operate the three company-owned rigs (established as individual RigCos). Transocean, through an affiliated holding company, owns a 70.8% interest in RIGP and retains a 49% ownership in each RigCo. Under the terms of the omnibus agreement, RIGP has the right of first refusal on the remaining RigCo interests, the right to purchase not less than a 51% interest in four of the six drillships identified as dropdown candidates (five are currently under construction), and the opportunity to purchase existing or future rigs, subject to certain conditions.
Fitch believes RIGP will provide Transocean with additional financial flexibility by introducing a willing and privileged affiliate purchaser to monetize assets at tax-advantaged multiples. The dropdowns will improve Transocean liquidity to pay down corporate debt and fund its fleet renewal program. Meanwhile, Transocean's ownership of RIGP units and direct interest in the initial RigCos will provide additional on-going cash flows. Nevertheless, Fitch recognizes that the establishment of RIGP introduces the risk of corporate asset quality dilution and a weakened cash flow profile that could be heightened if offsetting adjustments are not made to the corporate balance sheet. Additionally, the generally higher leverage employed by MLPs (RIGP has minimal initial debt), relative to corporate drillers, could reduce the distribution prospects during a cyclical downturn.
Fitch expects proceeds from RIGP to help improve Transocean's financial flexibility near-term and does not anticipate the formation of RIGP to be a medium-term credit concern. The combination of a measured dropdown plan, application of RIGP debt proceeds to corporate debt repayment, manageable RIGP leverage profile, retention of a direct RigCo ownership and/or substantial RIGP interest, and the involvement of Transocean management in day-to-day operations and strategic decisions will help mitigate corporate asset quality and cash flow risks.
FORECASTED CASH FLOWS PRESSURED, BUT SUFFICIENT FINANCIAL FLEXIBILITY
Fitch's base case forecasts Transocean, excluding non-controlling RIGP cash flows, will be over $1.5 billion and $1.1 billion FCF negative in 2014 and 2015, respectively. These FCF estimates consider dividend payments consistent with the current $3.00 per share. Fitch expects Transocean to fund its cash flow shortfall principally with cash-on-hand and asset sale proceeds, but recognizes the company may also delay capital spending and, potentially, cut or suspend the dividend. Fitch's base case results in debt/EBITDA, excluding debt assumed at RIGP and non-controlling cash flows, of over 2.9x and about 3.0x in 2014 and 2015, respectively. Fitch anticipates leverage metrics will become pressured in 2016 and forecasts, in some stress scenarios, metrics could move into the debt/EBITDA rating sensitivity of 3.5x-4.0x. However, Fitch believes that Transocean has sufficient financial flexibility and headroom at the current 'BBB-'rating to absorb some additional market weakness
ADEQUATE LIQUIDITY POSITION
Transocean had cash and equivalents of over $2.5 billion, inclusive of the RIGP IPO proceeds, as of pro forma June 30, 2014. Additionally, the company had $526 million in restricted cash investments associated with the required cash collateralization of the outstanding Eksportfinans loans ($517 million) and other contingent obligations ($9 million). Supplemental liquidity is provided by the company's $3 billion senior unsecured credit facility due June 2019, including a $1 billion sublimit for the issuance of letters of credit. No revolver balances were outstanding as of June 30, 2014. The company's target liquidity profile is $3.5-$4.5 billion with $1.5-$3 billion consisting of cash.
HEIGHTENED MATURITIES PROFILE
Transocean has annual senior notes maturities equal to $1.1 billion, $1 billion, $750 million, and $1.3 billion between 2015 and 2018. These represent the company's 4.95% senior notes due November 2015, 5.05% senior notes due December 2016, 2.5% senior notes due October 2017, 6.0% senior notes due March 2018, and 7.375% senior notes due April 2018. This excludes Eksportfinans principal amortization that is cash collateralized. Transocean, as defined in its bank credit agreement, is subject to a maximum debt to tangible capitalization ratio of 0.6 to 1.0 (0.4 as of June 30, 2014). Other covenants consist of lien limitations and transaction restrictions.
MANAGEABLE OTHER LIABILITIES
Transocean maintains several defined benefit pension plans, both funded and unfunded, in the U.S. and abroad. As of Dec. 31, 2013, the company's funded status was negative $356 million, which is below the previous year-end's estimate of negative $581 million. The main drivers for the improvement in funded status are actuarial gains and continued growth in plan assets. Fitch considers the level of pension obligations to be manageable and notes that the recent U.S. benefits freeze helps to alleviate any future pension-related credit risks.
The company had approximately $5.3 billion in other contingent obligations on a multi-year, undiscounted basis as of June 30, 2014. These obligations consist of purchase commitments ($5.1 billion) and operating lease payments (nearly $200 million). Fitch does not consider the obligations to be credit concerns, which are generally accounted for in operating and capital costs.
RATING SENSITIVITIES
Positive: Future developments that may, individually or collectively, lead to a positive rating action include:
--Improvements in day and utilization rates across the company's core fleet suggesting strengthening market conditions;
--Further progress in implementing the company's asset strategy to focus on the high-specification and ultra-deepwater markets;
--Resolution of the Macondo litigation on credit neutral terms that reduces payment and funding uncertainty;
--Mid-cycle debt/EBITDA of 2.0x-2.5x on a sustained basis.
Positive rating actions are unlikely over the medium-term given the softening offshore market and negative free cash flow profile, including dividends.
Negative: Future developments that may, individually or collectively, lead to a negative rating action include:
--Lower than expected rig utilization and day rates and margins indicating a material deterioration in market conditions and/or asset quality and mix;
--Acquisitions and/or shareholder friendly actions that are inconsistent with the capital structure and expected cash flow profile;
--Robust dropdown activity and/or RIGP leveraging that significantly weakens asset quality and RIGP cash flow prospects;
--Macondo and/or other legal settlements/rulings that require the payment of considerable fines with unfavorable payment terms that deteriorates financial flexibility
Again in overbought zone RSI(14)71.36
Fabrinet (NYSE:FN) announced that during the fourth quarter of the fiscal year ended June 27, 2014, certain accounting issues were discovered by management, which prompted the Audit Committee to commence an internal investigation. The Audit Committee is investigating whether there were any violations of the Company’s accounting policies associated with these potential accounting matters. The Company has also notified the SEC of the Audit Committee’s investigation. Fabrinet (NYSE:FN) traded 305246 shares and its share price increased 1.54% to close at $16.50. Company has 1.00% insider ownership. Fabrinet (NYSE:FN) quarterly performance is -15.69% while its year to date (YTD) performance is -19.75%.
http://www.crazyjoys.com/big-movers-general-motors-company-nysegm-fabrinet-nysefn-luxfer-holdings-plc-nyselxfr-cbs-outdoor-americas-inc-nysecbso-rouse-properties-inc-nyserse,201436527
Shareholders:Mitchell David Thomas,Sale 8/01/2014 40,000 $18.35 $734.0K -13.10% Chairman & Chief Executive Officer
H&q Asia Pacific
Sale 6/03/2014 3,150,000 $18.00 $56.7M -13.84%
H&q Asia Pacific
Sale 6/03/2014 3,150,000 $18.00 $56.7M -13.84%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 5/08/2014 50,000 $18.76 $938.0K -13.10%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 6/02/2014 50,000 $18.60 $930.0K -14.20%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 11/21/2013 41,905 $19.80 $829.7K -17.09%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 11/21/2013 41,905 $19.80 $829.7K -17.09%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 11/21/2013 41,904 $19.80 $829.7K -17.09%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 7/01/2014 40,000 $20.59 $823.6K -22.02%
Gill Harpal S
President & Chief Operating Officer
Sale 11/07/2013 41,442 $19.01 $787.8K -13.29%
Mitchell David Thomas
Chairman & Chief Executive Officer
Sale 8/01/2014 40,000 $18.35 $734.0K -13.10%
Many short sell, today! Last transaction of the day, selloff, shares, 12,348 in block + 460= 12,808 shares $16.50, 16:05:25 hs
The report of Q2, was 8/ 25. Now 8/26, but unconfirmed. Earnings(?8/25) After Market Hour, central estándar.
When a company delay the report, in general is not good.
My opinion
AMERICAN BULLS:STAY SHORT, LAST PATTERN,BULLISH HARAMI
Signal Update: Tomorrow
Our system’s recommendation today is to STAY SHORT. The previous SHORT recommendation was issued on 12/08/2014, 13 days ago, when the stock price was 19,2900. Since then FN has fallen by -15,76%.
Market Outlook
The bears have recovered and our bearish bet continues. The current price is quite distant from the confirmation level, so the probability of a bullish confirmation is very low. Besides, the signal is suggesting to STAY SHORT. It is best to follow the signal and continue to STAY SHORT. The Delayed Intraday Module is OFF
Stock Market News for August 25, 2014 - Market News
9:10a ET August 25, 2014 (Zacks.com) Print
Markets ended mostly in the red on Friday as both US Fed chairwoman Janet Yellen and ECB President Mario Draghi’s speeches at Jackson Hole, Wyo failed to encourage investors. Escalating tensions between Russia and Ukraine also dragged the benchmarks down. Markets also witnessed the year’s lowest intraday composite traded volume for NYSE and Nasdaq.
For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street article
The Dow Jones Industrial Average (DJI) declined 0.2% to close at 17,001.22. The Standard & Poor 500 (S&P 500) also decreased 0.2% to close at 1,988.40. The tech-laden Nasdaq Composite Index closed at 4,538.55; rising 0.1%. The fear-gauge CBOE Volatility Index (VIX) declined 2.5% to settle at 11.47. A total of 4.1 billion shares were traded on Friday, lower than the five-day average of 5.1 billion. Decliners outpaced advancing stocks on the NYSE. For 60% stocks that declined, 36% advanced.
In her speech at Jackson Hole, Wyo, US Federal Reserve chairwoman Janet Yellen said the economy is approaching Fed’s target of full employment and a stable inflation rate. She said that 19 labor market indicators indicated overall improvement in the labor market.
However, she also mentioned that there is no “simple recipe” that the Fed could follow to determine whether it was achieving its targets. She did not turn down the possibility of earlier-than-anticipated rate hike if labor market conditions continue to improve and the inflation rate increased more rapidly.
On the other hand, European Central Bank president Mario Draghi also failed to provide any clear picture about weak growth in the Eurozone. At Jackson Hole, Wyo, he said the ECB is looking to implement more flexible policies in order to combat the Eurozone’s high unemployment rate. He also said fiscal policy should play a “greater role” in addition to monetary policy for economic growth. However, he blamed major economies for not implementing flexible fiscal policies. He believes that the ECB alone cannot tackle high unemployment prevailing in the Eurozone.
Reportedly, 100 Russian trucks carrying humanitarian aid have crossed the eastern border of Ukraine without the assistance of Red Cross. This sparked concerns about a Russian invasion of Ukraine. On Friday, Ukraine said Russia has initiated "direct invasion" in their territory in the name of humanitarian aid. Further, NATO Secretary General Anders Fogh Rasmussen blamed Russia for organizing an "alarming build-up" through this operation as thousands of Russian troops are waiting near the border. He also asked Moscow to "stop destabilizing Ukraine."
In company news, shares of Ross Stores Inc. (ROST) jumped 7.4% after posting second quarter earnings per share of $1.14, beating the Zacks Consensus Estimate of $1.09. Shares also rose 16% year over year. Earnings benefited from better-than-anticipated merchandise gross margins along with aggressive cost-control measures. Positive earnings from Ross Stores helped Consumer Discretionary Select Sector SPDR (XLY) to be the second biggest gainer among the S&P 500 sectors. The sector gained 0.2%.
The Gap, Inc. (GPS) reported second quarter adjusted earnings per share of 70 cents, increasing 9.4% year over year and coming in a cent higher than the Zacks Consensus Estimate. Shares of Gap climbed 5.2% on Friday.
Keurig Green Mountain, Inc.’s (GMCR) shares soared 13.3% after announcing that the company has signed a multi-year licensing deal with Kraft Foods Group, Inc. (KRFT). The former will manufacture and distribute Kraft’s branded coffees in Keurig portion packs that are used in Keurig’s commercial brewing systems. The gains in Keurig Green Mountain helped the Nasdaq to end in the green on Friday.
Shares of Dynegy Inc. (DYN) gained 8.8% after the energy company agreed to buy 12,500 megawatts of coal and natural gas generation capacity from Duke Energy (DUK) and Energy Capital Partners for around $6.25 billion. This move will almost double its present capacity to 26,000 MW.
However, the Energy Select Sector SPDR ETF (XLE) was the biggest loser among the S&P 500 sectors. The sector declined 0.7% on Friday. Key energy stocks from the sector such as Chevron Corporation (CVX), Schlumberger Limited (SLB), Chesapeake Energy Corporation (CHK) and EOG Resources, Inc. (EOG) declined 0.6%, 0.4%, 1.7% and 0.9%, respectively. Out of 10 S&P 500 sectors, 6 sectors registered losses on Friday.
Over the week, the Dow Jones Industrial Average (DJI), Standard & Poor 500 (S&P 500) and Nasdaq Composite Index rose 2%, 1.7% and 1.7%, respectively.
Encouraging economic data especially from the housing sector and upbeat earnings results helped the markets end in the green zone for the week. News of a deal between Dollar General Corporation (DG) and Family Dollar Stores Inc. (FDO) was also welcomed by investors. However, investors remained concerned about the sooner-than-expected interest rate hike over the week. The S&P hit an all-time high on Thursday.
Economic data came in positive throughout the week. Housing data, including reports on homebuilder confidence, existing home sales and building permits were encouraging. Separately, leading indicator index numbers also encouraged investors. Upbeat earnings from companies such as Home Depot, Inc. (HD), Target Corp. (TGT) and American Eagle Outfitters, Inc. (AEO) helped to improve investor sentiment. However, markets were affected after the Fed minutes suggested differing views among the Fed officials about hiking rates sooner than anticipated.
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ROSS STORES (ROST): Free Stock Analysis Report
KEURIG GREEN MT (GMCR): Free Stock Analysis Report
KRAFT FOODS GRP (KRFT): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
DYNEGY INC-NEW (DYN): Free Stock Analysis Report
DUKE ENERGY CP (DUK): Free Stock Analysis Report
DOLLAR GENERAL (DG): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
American Eagle Outfitters Stock Rating Reaffirmed by Citigroup Inc. (AEO) SELL Target $10
Posted by Seth Barnet on Aug 25th, 2014
Citigroup Inc. restated their sell rating on shares of American Eagle Outfitters (NYSE:AEO) in a report released on Thursday morning. Citigroup Inc. currently has a $10.00 price objective on the stock, up from their previous price objective of $9.00.
http://www.wkrb13.com/markets/361699/american-eagle-outfitters-stock-rating-reaffirmed-by-citigroup-inc-aeo/
AMERICAN BULLS: STAY LONG, LAST PATTERN,BEARISH THREE GAP UPS
Signal Update 8/22/2014
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 05/08/2014, 16 days ago, when the stock price was 10,5300. Since then AEO has risen by +26,50%.
Market Outlook
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to SELL is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis
Last transaction: Selloff, 221,492(block)+3968 = 225,460 $13.32 16:02:30 Market close
Tomorrow, collapse
RSI:(14)77.93
MACD:0.386 Very high
On Balance Vol. On the roof. fully saturated
PPO:3.435 On the roof. fully saturated
CMF(20)0.40 On the roof. fully saturated
Comparative analysis: AEO VS SPX INDEX
SPX +7%
AEO + 30% In shorted
The main chart:Point of Return in Fall $10.70
http://stockcharts.com/h-sc/ui?s=AEO&p=D&b=5&g=0&id=p26099102557&a=264845671
http://stockcharts.com/freecharts/gallery.html?s=AEO
Markit short selling activity: Medium
American Eagle Q2 Beats Views; Some Analysts Still On Fence
3:48p ET August 21, 2014 (Benzinga)
American Eagle Outfitters (NYSE: AEO) posted a 70 percent decline in second-quarter earnings, while same-store sales fell seven percent, but it wasn't as bad as Wall Street expected.
The apparel retailer's shares opened sharply higher Thursday and climbed during the day.
"It was enough to fend off fears," Nomura's Simeon A. Siegel said of recent results.
Siegel said he expects cost cutting and improving margins, but wants more information on plans for discounting. Siegel maintained a Neutral rating but raised his target to $12 a share.
Citi's Oliver Chen maintained a Sell rating but was nonetheless "impressed" with the company's second-quarter merchandise margin, inventory control and a slowing rate of decline in same-store sales.
The outlook for lower costs and a four percent dividend yield suggest strong fundamentals for the stock. But Chen wants to see fewer promotions and more consistent traffic before upgrading.
FBR's Susan Anderson said margin expansion in the second half of 2014 "seems achievable" but lower inventory and fewer promotions suggest that improving same-store sales "could be difficult."
Anderson maintained a Market Perform rating and $12 target Monday.
American Eagle recently traded up three percent to $13.38 Less
S&P CAPITAL IQ KEEPS STRONG SELL OPINION ON SHARES OF AMERICAN EAGLE OUTFITTERS
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11:29 hs 8/21/2014 S&P Capital IQ
We see some progress as AEO repositions its fashion assortments for teens, amid a streamlining of its North America stores base, and a new CEO search. Our 12-month target price is up $2 to $11 (3.8% dividend yield), on FY 16E P/E of 14.3X (vs. 10% long-term EPS growth), a modest discount to peers. We raised FY 15 (Jan.) and FY 16 EPS estimates by $0.03 and $0.02 to $0.58 and $0.77. Jul-Q EPS is $0.03, vs. $0.10, $0.03 above our estimate. Q2 sales and same-store sales fell 2% and 7% (the latter seen also down mid-single digit in Q3), as EBIT margins contracted 240 basis points. Less
All transactions are medium and large. Handling large banks and big investors
Who owns American Eagle Outfitters? Shares, 158.8 Mill $ 3,330.88 BILL $20.97x share.Contribute to Banks
Vanguard 9.92M $111.33M June 30, 2014
Lazard Asset Management 9.76M $140.48M Dec. 31, 2013
DePrince Race & Zollo 9.55M $107.20M June 30, 2014
Snow Capital Management 8.25M $92.53M June 30, 2014
BlackRock Fund Advisors 7.89M $88.50M June 30, 2014
Carlson Capital 7.53M $84.48M June 30, 2014
Barclays 7.20M $152.78M Sept. 30, 2012
STATE STREET CORPORATION 6.55M $73.49M June 30, 2014
Royce & Associates 6.54M $73.39M June 30, 2014
T. Rowe Price Associates 5.59M $62.73M June 30, 2014
SUSQUEHANNA INTERNATIONAL 5.35M $65.56M March 31, 2014
BlackRock Institutional Trust Company, N.A. 5.18M $58.12M June 30, 2014
FMR 5.07M $72.97M Dec. 31, 2013
S.A.C. Capital Advisors 4.44M $67.87M Dec. 31, 2011
JPMORGAN CHASE & CO 4.43M $49.70M June 30, 2014
Janus Capital Management 3.72M $67.84M June 30, 2013
Cramer Rosenthal McGlynn 3.54M $74.54M Sept. 30, 2012
Schroder Investment Management 3.43M $49.35M Dec. 31, 2013
London Company 3.42M $38.41M June 30, 2014
Inves 3.31M $61.98M March 31, 2013
Turner Investments 3.21M $67.57M Sept. 30, 2012
Allianz Asset Management AG 3.16M $38.71M March 31, 2014
Westfield Capital Management Company 3.11M $65.46M Sept. 30, 2012
GOLDMAN SACHS 3.08M $56.16M June 30, 2013
CITADEL ADVISORS 3.04M $55.60M June 30, 2013
Jefferies 3.04M $52.25M March 31, 2012
Peter B. Cannell & Co 3.01M $56.25M March 31, 2013
Parallax Volatility Advisers 2.92M $44.62M Dec. 31, 2011
Harvest Capital Strategies 2.86M $32.06M June 30, 2014
Renaissance Technologies 2.80M $51.11M June 30, 2013
Perkins Investment Management 2.71M $53.55M June 30, 2012
Lee Munder Capital 2.62M $26.22M June 30, 2014
Hayman Capital Management 2.60M $31.79M March 31, 2014 Less
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Back To Board
Markets Mostly Higher Despite Initial Negative Reaction From FOMC Minutes
5:31p ET August 20, 2014 (Benzinga) Print
U.S. stocks were mostly higher as the S&P 500 and Dow continue trading near historical all time highs.
The S&P 500 briefly dipped in to negative territory immediately following the Federal Reserves's minutes while the Dow trading lower but stayed in positive territory. The Nasdaq index saw the largest decline post FOMC minutes only to recover to intra-day highs and then give back all of its gains in late afternoon.
Members of the Federal Reserve committee voted nine to one to maintain the taper and a policy of maintaining lower than normal rates. Charles Plosser, Philadelphia Fed President was the lone dissenter who believes that his peers are underplaying the improving labor market and inflation is marching towards a two percent target.
Recommended: Consumer Discretionary ETFs Breakout To New Highs
The Dow gained 0.35 percent, closing at 16,979.13.
The S&P 500 gained 0.25 percent, closing at 1,986.51.
The Nasdaq lost 0.02 percent, closing at 4,526.48.
Gold lost 0.35 percent, trading at $1,292.10 an ounce.
Oil gained 0.64 percent, trading at $93.45 a barrel.
Silver gained 0.38 percent, trading at $19.49 an ounce.
News of Note
MBA Mortgage Composite Index rose 1.4 percent after declining 2.7 percent last week.
MBA Mortgage Purchase Index declined 0.4 percent after declining one percent last week.
MBA Mortgage Refinance Index rose three percent after declining four percent last week.
EIA Crude Inventories fell 4.5 million barrels versus expectations of a decline of 1.1 million barrels.
EIA Gasoline Inventories rose 0.6 million barrels versus expectations of a decline of 1.6 million barrels.
EIA Distillates Inventories fell one million barrels versus expectations of a decline of 0.6 million barrels.
Winners of Note
This morning, The Hain Celestial Group (NASDAQ: HAIN) reported its fourth quarter results. The company announced an EPS of $0.90, beating the consensus estimate of $0.89. Revenue of $583.80 million beat the consensus estimate of $578.30 million. Net income for the quarter rose to $35.72 million from $25.93 million in the same quarter a year ago as the company saw strong sales growth across all regions. U.S. sales rose 13.2 percent from a year ago to $322.98 million; United Kingdom sales rose 65.5 percent to $200.47 million while Rest of World sales rose 5.7 percent to $60.38 million. The company noted that it benefited from strong momentum for organic and natural products across many channels. The Hain Celestial Group issued guidance and sees its fiscal 2015 EPS being in a range of $3.72 to $3.90 versus a consensus estimate of $3.73. Revenue is guided to be in a range of $2.72 billion to $2.8 billion, above the consensus estimate of $2.51 billion. Shares gained 11.02 percent, closing at $96.51.
This morning, American Eagle Outfitters (NYSE: AEO) reported its second quarter results. The company announced an EPS of $0.03, beating the consensus estimate of $0.00. Revenue of $710.60 million beat the consensus estimate of $689.95 million. Net income for the quarter fell to $5.813 million from $19.594 million in the same quarter a year ago as comparable-store sales fell seven percent in the quarter. The company's gross profit rate fell 40 basis points to 33.4 percent. American Eagle's interim CEO Jay Schottenstein commented that the results “do not reflect our potential” but the company did build a “sustainable path to higher profitability.” The company issued guidance and sees its third quarter Eps being in a range of $0.17 to $0.19, versus the consensus estimate of $0.18. Comp sales are expected to decline at a mid single-digit rate. Shares gained 11.99 percent, closing at $12.98.
Infineion announced it will acquire International Rectifier (NYSE: IRF) for $40 per share, or $3 billion in cash. The company stated that the combination of the two companies will benefit from greater R&D scale in addition to operational and manufacturing synergies. Shares of International Rectifier hit new 52-week highs of $39.50 before closing the day at $39.10, up 47.21 percent.
After Hour:
2,499 shares, buy $12.97 16:04
11,500 shares, buy $12.99 16:11
700 shares, buy $13.02, 16:12
9,791 shares, short sell $13.10, 16:13
12,800 shares, short sell $ 13.13, 16:16:14
100 shares,buy $13.16 16:15 hs
2400 shares sell $13.09, 16:16
5,500 shares sell $13.08, 16:19
2,100 shares, buy $13.10 16:20
2,650 shares sell $13.08 16:23
200 shares sell $13:01 16:26
930 shares sell $13.01 16:28
1000 shares sell $13.01 16:29
800 shares sell $13.01 16:32
100 shares buy $13.03 16:48
400 shares sell $13.05 16:54
180 shares sell $13.01 17:02
800 shares sell $13.01 17:12
100 shares buy $13.05 17:19
300 shares sell $13.05 17:26
1000 shares short sell $13.03 17:46
100 shares sell $13.03 17:47
Direct collapse, RSI(14)75.33, Overbought!
Be carefull whit the fall
http://stockcharts.com/h-sc/ui?s=AEO&p=D&b=5&g=0&id=p26099102557&a=264845671
Despite Climate, American Eagle Boosts Openings -- Market Talk
10:32a ET August 20, 2014 (Dow Jones)
Despite Climate, American Eagle Boosts Openings -- Market Talk
10:32 EDT - American Eagle (AEO) plans to open 50-60 stores this year, 10 more than originally planned. The expansion comes despite same-store sales having fallen for 6 straight quarters by Wells Fargo's count. The investment bank is "concerned AEO has too many stores" and "is opening more stores than it's closing," worrying developments given that the competitive environment remains fierce
300.833 shares in short sell $12:45 red 10:46 hs
Attack short seller!
THE MAIN CHART IS IN SHORTED RSI(14)73.0O Overbought!
Short seller attack
http://stockcharts.com/h-sc/ui?s=AEO&p=D&b=5&g=0&id=p26099102557&a=264845671
AMERICAN BULLS:CONFIRMATION:SELL, LAST TATTERN:BEARISH ENGULFING
Signal Update:Tomorrow.
Our system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 0,0000, and our valid average selling price stands now at 12,4956. The previous BUY recommendation was issued on 06/08/2014, 13 days ago, when the stock price was 10,6899. Since then UNTD has risen by +16,89%.
Market Outlook
We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. Less
22,665 Shares in short sell $12.30 red 15:51
In fall
Anytime downgrade for UNTD
Big rats!!
S&P Quality Ranking: B- Standard & Poor's Fair Value Rank : NR(S & P withdraws recommendation)
ResearchTeamTM :Reduce:Downgraded from Hold to Sell
-21.22% since downgraded
Jaywalk Consensus: From hold to sell
First short sell 8,980 shares $12.44(red) 10:27:30 hs
Collapses anytime
The difference is, I see when they lie, and you do not
Declares 10 milion (0.79) VS (0.16) 2.256M. Very big lie!!!!!
BIG RATS!! Attention SEC !!!!
UNTD: REPORT Q2 EPS OF $(0.16)
8/18/2014 Bezinga 14:23:00 hs
AMERICAN BULLS:STAY LONG, LAST PATTERN,BEARISH HARAMI
Signal Update 8/18/2014
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 06/08/2014, 9 days ago, when the stock price was 10,6899. Since then UNTD has risen by +18,90%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to SELL is quite high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis, given the downside risks involved Less
Again overbought! RSI(14) 74.31 Collapses, anytime!
http://stockcharts.com/h-sc/ui?s=UNTD&p=D&b=5&g=0&id=p26099102557&a=264845671
In shorted, the main chart RSI(14)76.00,Overbought!!!!!
Road to collapse! Exploit like egg
AMERICAN BULLS: STAY LONG, LAST PATTERN,BEARISH HARAMI
Signal Update: Tomorrow
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 06/08/2014, 8 days ago, when the stock price was 10,6899. Since then UNTD has risen by +17,68%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to SELL is quite high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis, given the downside risks involved Less
Possible Bearish Inside Day Candle Pattern Detected for United Online (NASDAQ:UNTD)
Aug 14, 2014 (Candlestick via COMTEX) -- Analysts have spotted a possible bearish inside day candle pattern in United Online (NASDAQ:UNTD) based on the price action in the company's shares. Yesterday's price range of $11.70 and $12.50 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of United Online may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.In the past 52 weeks, shares of United Online have traded between a low of $3.63 and a high of $19.48 and closed yesterday at $12.06, which is 232% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
United Online, Inc. is a provider of consumer products and services over the internet. The Company's offerings include floral related products and services for consumer and retail florists. United services also include online social networking, online loyalty marketing, internet access and email.
United Online has overhead space with shares priced $12.06, or 41.9% below the average consensus analyst price target of $20.75. The stock should find initial support at its 200-day moving average (MA) of $11.90 and further support at its 50-day MA of $10.29
http://www.zacks.com/research/get_news.php?id=226z6523
Again overbought,RSI(14)73.84
Many short sell