Abercrombie & Fitch stock rallies Shares of Abercrombie & Fitch Co. (ANF), +5.90% edged up 0.2% in premarket trade Thursday,

Abercrombie & Fitch shares plunge premarket as WSJ reports sale talks stall

Abercrombie & Fitch shares plunge premarket as WSJ reports sale talks stall

Abercrombie shares plunge  Shares of Abercrombie & Fitch Co. ANF, -21.13% plunged 11% toward a three-month low in premarket

FOREX INVESTORS  Abercrombie shares plunge  Shares of Abercrombie & Fitch Co. ANF, -21.13% plunged 11% toward a three-month low in premarket trade Monday, after the specialty apparel retailer said it terminated discussions regarding a potential buyout deal. “After a comprehensive review of all relevant factors, with the assistance of our financial advisor, the A&F Board of Directors determined that the best path to enhance value for stockholders is the rigorous execution of our business plan,” said Executive Chairman Arthur Martinez. “We believe in the prospects for our business and the opportunities for our brands.” The company had said in May that it had started preliminary discussions with several parties regarding a potential deal.



Abercrombie shares plunge

 

Abercrombie & Fitch (NYSE:(ANF) posts a statement ahead of a WSJ story on stalled deal talks.

“After a comprehensive review of all relevant factors, with the assistance of our financial advisor, the A&F Board of Directors determined that the best path to enhance value for stockholders is the rigorous execution of our business plan.”

“We believe in the prospects for our business and the opportunities for our brands. We are generating solid comp store sales momentum at Hollister and continue to refine and implement strategies to position the Abercrombie brand for revitalized performance.”

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Morocco stocks were higher after the close on Friday, as gains in the Forestry&Paper, Utilities and Mining sectors led shares higher.

MOROCCO STOCKS HIGHER AT CLOSE OF TRADE; MOROCCAN ALL SHARES UP 1.89%

MOROCCO STOCKS HIGHER AT CLOSE OF TRADE; MOROCCAN ALL SHARES UP 1.89%

Morocco stocks were higher after the close on Friday, as gains in the Forestry&Paper, Utilities and Mining sectors led shares higher.

FOREX INVESTORS Morocco stocks were higher after the close on Friday, as gains in the Forestry&Paper, Utilities and Mining sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 1.89% to hit a new 3-months high.

The best performers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 9.97% or 3.19 points to trade at 35.19 at the close. Meanwhile, Saham Assurance (CS:SAH) added 9.93% or 133 points to end at 1473 and Lydec (CS:LYD) was up 9.52% or 60.00 points to 690.00 in late trade.

The worst performers of the session were Stroc Industrie (CS:STR), which fell 4.73% or 2.14 points to trade at 43.06 at the close. Sonasid (CS:SOND) declined 1.48% or 6 points to end at 400 and Jet Contractors (CS:JET) was down 1.23% or 1.75 points to 140.00.



Morocco stocks

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 41 to 10 and 8 ended unchanged.

Shares in Saham Assurance (CS:SAH) rose to all time highs; rising 9.93% or 133 to 1473. Shares in Lydec (CS:LYD) rose to all time highs; gaining 9.52% or 60.00 to 690.00.

Crude oil for August delivery was down 3.23% or 1.47 to $44.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 3.22% or 1.55 to hit $46.56 a barrel, while the August Gold Futures contract fell 1.07% or 13.04 to trade at $1210.26 a troy ounce.

EUR/MAD was down 0.01% to 11.0130, while USD/MAD fell 0.02% to 9.6400.

The US Dollar Index Futures was up 0.20% at 95.77.

 

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



MOROCCO STOCKS LOWER AT CLOSE OF TRADE; MOROCCAN ALL SHARES DOWN 0.02%

MOROCCO STOCKS LOWER AT CLOSE OF TRADE; MOROCCAN ALL SHARES DOWN 0.02%

MOROCCO STOCKS LOWER

At the close in Casablanca, the Moroccan All Shares fell 0.02%.

The best performers of the session on the Moroccan All Shares were Snep (CS:SNP), which rose 9.99% or 40.50 points to trade at 445.90 at the close. Meanwhile, Fenie Brossette (CS:FBR) added 7.76% or 10.40 points to end at 144.40 and Alliances (CS:ADI) was up 6.75% or 12 points to 184 in late trade.

 





 

MOROCCO STOCKS LOWER

 

The worst performers of the session were S2M (CS:S2M), which fell 5.43% or 14.00 points to trade at 244.00 at the close. Hps (CS:HPS) declined 4.88% or 58.00 points to end at 1130.00 and Bmce Bank (CS:BMCE) was down 2.77% or 5.90 points to 207.10.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 22 to 19 and 3 ended unchanged.

Shares in Snep (CS:SNP) rose to 5-year highs; gaining 9.99% or 40.50 to 445.90.

Crude oil for August delivery was up 0.02% or 0.01 to $47.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.04% or 0.02 to hit $49.70 a barrel, while the August Gold Futures contract rose 0.41% or 5.03 to trade at $1224.23 a troy ounce.

EUR/MAD was down 0.03% to 10.9880, while USD/MAD rose 0.09% to 9.6798.

The US Dollar Index Futures was up 0.04% at 95.99.Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




 Red Hat shares on track  Red Hat Inc. RHT, +10.05% shares jumped more than 9% in after-hours trading Tuesday following a quarterly earnings report

Red Hat shares on track to open at highest since 2000 after strong Q1 results

Red Hat shares on track to open at highest since 2000 after strong Q1 results

 Red Hat shares on track  Red Hat Inc. RHT, +10.05% shares jumped more than 9% in after-hours trading Tuesday following a quarterly earnings report

BUZ INVESTORS  Red Hat shares on track  Red Hat Inc. RHT, +10.05% shares jumped more than 9% in after-hours trading Tuesday following a quarterly earnings report that beat expectations and raised projections for the year, sending prices to levels unseen since the dot-com boom went bust. The open-source tech-infrastructure company reported net income of $73.2 million, or 40 cents a share, on sales of $676.8 million for the first quarter of its 2018 fiscal year. After adjustments for stock-based compensation and other effects, Red Hat claimed profit of 56 cents a share. Analysts on average expected Red Hat to report adjusted earnings of 53 cents a share on sales of $648 million, according to FactSet, and the company had guided for adjusted profit of 52 cents to 53 cents a share. Red Hat also increased its guidance for profit and revenue for the full fiscal year; adjusted earnings are now expected to fall in a range of $2.66 to $2.70 a share,

Red Hat shares on track

Red Hat (NYSE:RHT) Q1 report beat EPS and revenue estimates. Subscription revenue was $597M, up 19% on the year. Deferred revenue was $2.05B at the end of the quarter, up 21%.

Subscription revenue accounted for 88% of overall revenues and $458M of subscriptions came from Infrastructure-related offerings, a 14% growth on the year. Application Development-related and other emerging technologies accounted for the other $139M, a 41% growth.

OCF was $258M for the quarter, up 11%. Total cash and equivalents were $2.31B after a $62M share repurchase.

Q2 guidance: revenue between $695M and $702M compared to $677.42M consensus. EPS expected to come in around $0.67, two cents above consensus. Operating margin expected at 24%.

FY18 guidance: revenue between $2.785B and $2.875B, above the $2.75B consensus, and $2.66 to $2.70 EPS with the low end coming in $0.03 above consensus. Operating margin expected at 23.6% and OCF between $850M and $870M.

Like up on FACEBOOK


logo

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )

BUZ INVESTORS Snap Ups the Ante (NYSE:SNAP) has had enough of Facebook Inc (NASDAQ:FB) building its clones over and over again. Following last week’s introduction by Facebook of new “

Snap shares fall to $17 IPO price for the first time

Snap shares fall to $17 IPO price for the first time

BUZ INVESTORS  Snap shares fall to $17   Snap Inc. SNAP, -4.22% hit the company’s initial public offering issue price of $17 for the first time Thursday. Shares were down 4.3% Thursday afternoon, and bounced back slightly to hover above the IPO price. Snap started trading on March 2. It had climbed as much as 73% above its IPO price at $29.44 in intraday trade on March 3. The highest closing price of $27.09, also on March 3, was 59% above the IPO price.

Snap shares fall to $17

 

Snap (NYSE:SNAP) shares drop to $17 this afternoon, marking the first time the company has hit its IPO price since the launch.

Monetization concerns, advertising problems, and questions about active user numbers have all plagued Snap recently.

Snap shares are down 4.37%

Business Description

Industry: Online Media » Internet Content & Information    NAICS: 519130    SIC: 7375
Compare: OTCPK:(YAHOY), NAS:(WB), NYSE:(TWTR), NAS:(VRSN), NAS:(MOMO), OTCPK:(MTHRF),

NAS:(YNDX), NAS:(IAC), NYSE:(ATHM), NYSE:(GDDY), NAS:(YY), NYSE:(WUBA),

NAS:(SINA), OTCPK:(RPGRY), OTCPK:(MLRYY), OTCPK:(JSTTY), OTCPK:(ATDRY),

OTCPK:(MIXIF), OTCPK:(RTMVF), NAS:(MTCH) » details

Traded in other countries: 1SI.GermanySNAP.Switzerland,
Headquarter Location: USA

Snap Inc is a camera application developer. Its main product is Snapchat, a camera application created to help people communicate through short videos and images. It also offers Spectacles, which are camera-enabled sunglasses.

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, CA.

 

Like up on FACEBOOK


logo

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )

Buz Investors NFLX Stock Is About to Receive (NASDAQ:NFLX) was up 2.23% by late morning trading on Friday, as analysts project a strong fourth-quarter earnings report to release next week. Expect NFLX stock to see either a boost or slide as the Q4 report will be released after closing on January 18.

Netflix shares fall into correction territory

|Chart | Calendar   | TRADE NOW | FORCAST | STOCKS

Netflix shares fall into correction territory

BUZ INVESTORS  Netflix shares fall   Netflix Inc.’s stock (NFLX), -4.22% dipped into correction territory in early morning trade on Monday before paring some losses, as it led the FANG stocks — Facebook Inc. FB, -1.48% Amazon.com Inc. AMZN, -1.46% Netflix and Alphabet Inc. (Google)GOOGL, -1.58% — in their second straight session of declines. Netflix shares fell as much as 6% on Monday from Friday’s close. The stock hit an intraday low of $148.31, down 10.6% from the June 8 record high of $165.88. The stock has bounced slightly since then, to be down 2.9% at $153.38, or 7.5% below the record close. Many on Wall Street define a correction as a decline of at least 10% to up to 20% on a closing basis from a significant peak.

Netflix shares fall

Netflix (NFLX) -4.3%) signs a multi-year deal with Altice (OTCPK:ATCEY) covering 10 markets.

While the content deal includes France, Portugal, Israel and the Dominican Republic, the U.S is not covered. That’s not a complete surprise with Altice USA believed to be mulling over an IPO.

Business Description

Industry: Entertainment » Media – Diversified    NAICS: 512131    SIC: 7832
Compare: NYSE:(TWX), NAS:(FOX), NYSE:(CBS), NAS:(VIAB), NAS:(DISCK), NYSE:(LYV), OTCPK:(MIINF),

NYSE:(LGF.B), NYSE(DLB), NYSE:(CNK), NAS:(AMCX), OTCPK:(MHSDF), NYSE:(RGC), NYSE:(AMC),

OTCPK:(CPXGF), OTCPK:(NANHF), OTCPK:(THNRF), OTCPK:(CJREF), OTCPK:(PTMEY),

NYSE(:MSGN) » details

Traded in other countries: NFLX.AustriaNFLX34.BrazilNFC.GermanyNFLX.MexicoNFLX.Switzerland0QYI.UK,
Headquarter Location: USA

Netflix Inc operates as an internet television network providing TV shows and movies which include original series, documentaries and feature films.

Netflix’s primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.

 

Like up on FACEBOOK


logo

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )

Nordstrom Inc.(JWN)- NYSE

Nordstrom shares leap 20% as retailer explores going private

|Chart Calendar   | TRADE NOW | FORCAST | STOCKS

Nordstrom shares leap 20% as retailer explores going private

BUZ INVESTORS  Nordstrom shares leap 20%  Shares of department store chains got a nice bump in morning trade Thursday, as Nordstrom Inc.’s (JWN), +11.12% plan to explore a going private transaction helped fuel investor attention. Nordstrom’s stock soared 12.6%, and was by far the biggest percentage gainer in the S&P 500 SPX, +0.02% after the high-end department store chain said members of the Nordstrom family had formed a group to consider taking the company private. Meanwhile, shares of Macy’s Inc. M, +0.84% shot up 2.9%, to place it fourth on the S&P 500’s gainers list. Elsewhere, shares of Dillard’s Inc.(DDS), +2.31% rallied 4.2%, Kohl’s Corp. KSS, -0.83% climbed 0.7% , J.C. Penney Co. Inc. JCP, -2.09% rose 0.7%, while Sears Holdings Corp.

source: tradingeconomics.com

Nordstrom shares leap 20%

The department store sector rockets higher off an announcement by Nordstrom (JWN) +15.7%) that it is exploring a go-private transaction through a special committee

Gainers off the M&A buzz include Sears Holdings (SHLD +1.9%), Kohl’s (KSS) +2.2%), J.C. Penney (JCP) +1.5%), Macy’s (M +3.3%), Bon-Ton Stores (BONT) and Dillard’s (DDS +7%).

Business Description

Industry: Retail – Apparel & Specialty » Department Stores    NAICS: 448140    SIC: 5651
Compare: OTCPK:(FYRTY), OTCPK:(RYKKY), NYSE:(M), NYSE:(KSS), OTCPK:(MAKSY), NYSE:(CNCO), NYSE:(CBD),

OTCPK:(SRGHY), OTCPK:(WLWHY), OTCPK:(SURRF), OTCPK:(GPOVY), OTCPK:(ONZBF),

OTCPK:(ELPQF), OTCPK:(HNORY), OTCPK:(RRETY), OTCPK:(LFSYY), NYSE:(DDS), NYSE:(JCP),

OTCPK:(HBAYF), OTCPK:(AONNY) » details

Traded in other countries: NRD.GermanyJWN.Mexico,
Headquarter Location: USA

Nordstrom Inc operates as a fashion specialty retailer, with stores located in US, as well as is engaged in e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com.

Nordstrom is a retailer of women’s apparel (31% of sales), shoes (23%), men’s apparel (17%), accessories (12%), cosmetics (11%), and kids’ apparel (3%) catering to the upper-middle and high-end income classes. Nordstrom operates more than 300 stores, including full-priced Nordstrom and Nordstrom Rack stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com, HauteLook, and Trunk Club.

Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)

INVESTORSBUZ PRESS RELEASE Valeant says plaque psoriasis drug Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) today announced that following the evaluation and approval of its Patient Access and Pricing Committee

Valeant shares jump 5% premarket on news of sale of iNova for $930 million

|Chart Calendar   | TRADE NOW | FORCAST | STOCKS

Valeant shares jump 5% premarket on news of sale of iNova for $930 million

BUZ INVESTION  Valeant shares jump 5%  Valeant Pharmaceuticals International Inc. (VRX), +8.63% said Thursday it has agreed to sell iNova Pharmaceuticals to a company owned by funds managed by private-equity firms Pacific Equity Partners and The Carlyle Group for $930 million in cash. iNova makes drugs for weight management, pain management, cardio and coughs and colds, among other things. Valeant will use the proceeds of the deal to pay down loan debt. The company is working to reduce a debt burden that stood at $26.5 billion at the end of the first quarter. The deal is expected to close in the second half.



Valeant shares jump 5%

Following through on its plan to divest certain assets to pare down debt, Valeant Pharmaceuticals (NYSE:VRX) inks an agreement with a company owned by funds managed by the Carlyle Group and Pacific Equity Partners to sell its iNova Pharmaceuticals unit for $930M in cash.

CEO Joseph Papa says, “The sale of iNova is part of the company’s ongoing efforts to both simplify our operating model and strengthen our balance sheet. We will continue to evaluate opportunities that will enable us to deliver on our commitments and unlock value for shareholders.”

The deal should close in H2.

Shares are up 5% premarket on average volume.

Business Description

Industry: Drug Manufacturers » Drug Manufacturers – Specialty & Generic    NAICS: 325412    SIC: 3741
Compare: NYSE:(TARO), NYSE:(MNK), OTCPK:(STDAF), NAS:(AKRX), NYSE:(CTLT), NAS:(OPK), NYSE:(PTHN),

OTCPK:(HKMPF), OTCPK:(HYPMY), NAS:(MDCO), NAS:(ENDP), NAS:(IRWD), OTCPK:(DNPUF),

OTCPK:(GZPHY), NYSE(:RDY), NAS:(SUPN), OTCPK:(EVTCY), NAS:(PCRX), NAS:(HZNP),

NAS:RDUS » details

Traded in other countries: VRX.CanadaBVF.GermanyVRX N.MexicoVRX.Switzerland0QYW.UK,
Headquarter Location: Canada

Valeant Pharmaceuticals International Inc is a specialty pharmaceutical and medical device company that develops, manufactures, and markets a range of generic and branded generic pharmaceuticals, over-the-counter products and medical devices.

Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia.

Like up on FACEBOOK


logo



Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )




Dollar General Reports Second Quarter 2016 Financial Results

Dollar General shares up 5% premarket on earnings results, store expansion plans

|Chart | Calendar   | TRADE NOW | FORCAST | STOCKS

Dollar General shares up 5% premarket on earnings results, store expansion plans

BUZ INVESTORS  Dollar General shares up 5%  Dollar General Corp. (DG), +3.20% shares rose 4.9% in premarket trade Thursday after the company reported first-quarter profit and revenue beats. Earnings fell to $279.5 million, or $1.02 per share, from $295.1 million, or $1.03 per share in the year-earlier period. Earnings-per-share included a charge of 1 cent related to early retirement of long-term obligations, the company said, compared with the FactSet consensus of 95 cents. Revenue rose to $5.61 billion from $5.27 billion, above the FactSet consensus of $5.28 billion. The company said its proposed acquisition of more than 300 stores in 36 states from a small-box retailer had been approved by the Federal Trade Commission in April and is expected to close in June, with the store sites expected to be changed to the Dollar General banner by the end of November. The new stores should bring Dollar General’s expected new store growth above guidance for 2017, and to modestly grow the company’s EPS, Dollar General said.



Dollar General shares up 5%

Gordon Haskett’s Chuck Grom upgrades Dollar General (DG) +3.6%) to Accumulate from Reduce in a two-notch move after taking in the retailer’s Q1 report.

The analyst notes that Dollar General’s new store productivity improved to 82.8% in the quarter, compared to a trailing eight quarter average of 75.2%. He also points to the outperformance in the apparel and consumables categories.

“We are raising our estimates to take into consideration the 1Q beat, greater than expected buybacks, accretion from 322 acquired stores, and a generally more favorable outlook. Accordingly, we are raising our FY17 EPS estimate from $4.45 to $4.55, and our FY18 EPS estimate from $4.80 to $5.00. Finally, we are raising our Price Target from $67 to $84, which is based on 16.7x our FY18 estimate,” write Grom.

Business Description

Industry: Retail – Defensive » Discount Stores    NAICS: 452990    SIC: 5331
Compare: NAS:(DLTR), OTCPK:(DLMAF), NYSE:(TGT), NYSE:(BURL), OTCPK:(DQJCY), OTCPK:(BMRRY), OTCPK:(DIDAY), NAS:(PSMT), NAS:(OLLI), NYSE:(BIG), NAS:(FRED), NAS:(TUES), OTCPK:(SSOK), OTCPK:(WMMVF), NAS:(COST), NYSE:(WMT) » details
Traded in other countries: 7DG.Germany,
Headquarter Location: USA

Dollar General Corp is a discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel.

Dollar General is a discount retailer in the United States, with more than 13,300 stores in 43 states at the end of fiscal 2016. The company offers a broad selection of food and general merchandise, typically at $5 or less, through convenient and small (average 7,400 square feet) formats. In 2007, Dollar General was acquired by investment funds affiliated with Kohlberg Kravis Roberts, but began trading publicly again in 2009. KKR exited its position in late 2013.

 

Like up on FACEBOOK


logo

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )