• Today - Saturday, December 10, 2016

  • 10:51 AM
    • The Nasdaq announces the annual changes to the Nasdaq 100 index based on company size.
    • Cintas Corporation (NASDAQ:CTAS), Hasbro (NASDAQ:HAS), Hologic (NASDAQ:HOLX) and KLA-Tencor Corporation (NASDAQ:KLAC) will be included in the non-financials index as of December 19.
    • Cut from the list are Bed Bath & Beyond (NASDAQ:BBBY), NetApp (NASDAQ:NTAP), Stericycle (NASDAQ:SRCL) and Whole Foods Market (NASDAQ:WFM).
    | 10:51 AM | 1 Comment
  • 10:45 AM
    • Poultry stocks are back in favor with investors after the USDA cut its forecast for 2016 chicken production. The agency cited a lower rate of slaughter in Q4.
    • The confident tone struck this week by Tyson management at an investor conference is also helping to tip sentiment in the chicken sector. Tyson is prepared to defend itself against the price collusion lawsuit hanging over the industry and said it expects chicken margins to normalize next year. Perhaps most intriguing of all, M&A interest was hinted at by Tyson execs.
    • Sanderson Farms (NASDAQ:SAFM) and Tyson Foods (NYSE:TSN) ended the week 9% higher, while Pilgrim's Pride (NYSE:PPC) was just behind with an 8% gain. All three stocks trade with a forward price-earnings ratio below 15 even after the recent buying action.
    • Previously: Tyson Foods +4% after conference presentation (Dec. 8)
    | 10:45 AM | 1 Comment
  • Friday, December 9, 2016

  • 5:06 PM
    | 5:06 PM
  • 3:46 PM
    • A sale package should be approved by year-end, an attorney involved with negotiations tells CFTN.
    • A real estate executive says Fred's (FRED +0.1%) will take a "substantial" number of stores, as will Kroger (KR +1.5%) and at least two other private-equity players.
    • Fred's yesterday sent tongues wagging when management suggested a "pending transaction."
    • Walgreens (WBA +2.4%) was already up on the session, but Rite Aid (RAD +3.5%) has popped as the news crossed in the last few minutes.
    | 3:46 PM | 27 Comments
  • 3:30 PM
    • The opening stages of the Chevy Bolt vs. Model 3 war are beginning as the automobile industry looks to sell pure EVs at a larger scale.
    • The first shipments of the all-electric Bolt are already on their way to California after being built in Orion Township, Michigan. Sales in Oregon and California are expected to start before the end of the year.
    • JPMorgan sizes up the situation in a fresh note backing its negative view (Sell, $180 PT) on Tesla Motors (TSLA) and discussing its meeting with GM execs.
    • JP: "We expect it will become increasingly more difficult for Tesla to profitably compete against an improving array of electric vehicles from automakers which are pricing such vehicles with the aim not to turn a profit but rather to sell in sufficient volume to subsidize the rest of their more lucrative portfolios of internal combustion engine vehicles from a regulatory compliance perspective."
    • Tesla's Model 3 introduction will follow in 2017 or 2018 depending upon which analysis you bank on. And while the precise number of Model 3 pre-orders isn't publicly known, a Tesla fan site has an enigmatic algorithm that places the number over 510K.
    | 3:30 PM | 251 Comments
  • 2:49 PM
    • Flower Foods (FLO +14.4%) spikes after the company announces it settled a class action lawsuit for $9M.
    • The case centered on if some of the company's workers should be classified as employees or independent contractors.
    • SEC Form 8-K
    | 2:49 PM | 43 Comments
  • 2:29 PM
    • MGM Resorts (MGM +2.5%) opened the doors to its new $1.4B casino in the Washington D.C. area for a VIP preview last night.
    • The first guests will check into the MGM National Harbor tomorrow and the inaugural concert will be held at the property on December 15 with openers Boyz II Men.
    • The resort is the first full-scale Las Vegas-style casino in the state of Maryland.
    • Source: Press Release
    | 2:29 PM | 5 Comments
  • 2:28 PM
    • Marathon Patent Group (NASDAQ:MARA) announced purchase and sale of 3,481,997 shares of common stock at a price of $1.50 per share and warrants to purchase up to 1,740,999 shares of common stock at an effective price of $0.01 per warrant with an exercise price of $1.70 per share.
    • The warrants will expire five years from the date of issuance.
    • The company expects gross proceeds of approximately $5.2M. The net proceeds of the offering will be utilised for working capital and other general corporate purposes, including the acquisition of certain patent portfolios.
    • Press Release
    | 2:28 PM
  • 2:08 PM
    • U.S. restaurant same-store traffic fell 1.3% in November, according to data from chains tracked by Black Box Intelligence. The decline marks the 9th straight month that sales have fallen off.
    • Comparable traffic fell 3.3% during the month. Comparable average ticket increased 2.1%.
    • California was a bright spot with flat sales growth.
    • Related ETF : BITE, MENU.
    | 2:08 PM | 9 Comments
  • 1:38 PM
    • The Department of Transportation issues an amended order to 19 automakers to speed up the recall of Takata air bags.
    • The agency says 29M vehicles in the U.S. are impacted by the Takata issue and that it's aiming for a 100% recall completion rate.
    • Department of Transportation press release
    | 1:38 PM
  • 1:09 PM
    • Susquehanna analyst Pablo Zuanic says the focus on Coca-Cola (KO +2.7%) should be on the exit of Howard Buffett from the board (announced yesterday), instead of on today's news of the elevation of James Quincey to the CEO position. Howard's father, Warren Buffett, doesn't sit on the KO board.
    • Zuanic reasons that the Buffett exit could make it easier for Berkshire Hathaway to divest its $16.6B position in Coca-Cola. That in turn could create a domino effect.
    • Susquehanna note: "Would the proceeds help 3G/KHC fund a potential bid for, say, MDLZ? Would selling out of KO mean that 3G is ultimately not interested on buying KO, and that their ultimate target is PEP? Food for thought."
    • Previously: Coca-Cola CEO to step down (Dec. 9)
    • Previously: Coca-Cola higher after appointing new CEO (Dec. 9)
    • Previously: Ripple effect from Coca-Cola CEO move (Dec. 9)
    | 1:09 PM | 31 Comments
  • 12:04 PM
    • Shake Shack (NYSE:SHAK) has a new growth engine with breakfast sandwiches if a positive review posted by is accurate.
    • The upside for the company is that it only offers breakfast service in less than 10% of its outlets and it could launch an all-day breakfast initiative.
    • Shares of SHAK are up 1.29% to $37.74.
    | 12:04 PM | 3 Comments
  • 11:59 AM
    | 11:59 AM
  • 11:47 AM
    • Dick's Sporting Goods (DKS -0.7%) is developing several new private labels, according to UBS (h/t WSJ's Sara Germano).
    • The move could help Dick's defend against an increase of direct-to-consumer sales from Nike.
    • A roll-out of the new lines are expected within the next year or two.
    | 11:47 AM
  • 11:39 AM
    • ConAgra Brands (CAG +0.4%) is on the radar of traders after DealReporter suggests tha Jana Partners may push for a sales.
    • Last night, ConAgra announced that it added Thomas Dickson to the board. Dickson has heavy M&A experiece through his experience at Harris Teeter Supermarkets and board role at CST Brands.
    | 11:39 AM | 1 Comment
  • 11:33 AM
    • SunTrust analyst David Magee thinks Conn's (NASDAQ:CONN) could see a sharp drop in credit losses in 2017 and 2018.
    • Magee lifts profit estimates on Conn's due to the boost n credit confidence on credit sets a price target of $20 on the Buy-rated retailer.
    • Shares of Conn's are up 5.94% on the day.
    | 11:33 AM | 1 Comment
  • 11:08 AM
    • Virco Manufacturing (NASDAQ:VIRC): Q3 EPS of $1.57
    • Revenue of $67.8M (+4.3% Y/Y)
    • Press Release
    | 11:08 AM
  • 10:56 AM
    • Coca-Cola-related names are trading higher after the company announces that Muhtar Kent is stepping down next April to be replaced by COO James Quincey
    • There's a general sense that Quincey may be more open minded to M&A moves.
    • Gainers within the KO extended family include Coca-Cola European Partners (CCE +2.4%), Monster Beverage (MNST +2.1%) and Coca-Cola Bottling Co. (COKE +1.6%).
    • Beverage M&A targets Primo Water (PRMW +1.9%) and National Beverage Corp. (FIZZ +1.2%) are also showing a little pop.
    • Interrestingly, PepsiCo (PEP +1.4%) is also ahead of broad market averages.
    • Previously: Coca-Cola CEO to step down (Dec. 9)
    • Previously: Coca-Cola higher after appointing new CEO (Dec. 9)
    | 10:56 AM | 8 Comments
  • 10:32 AM
    • American Airlines Group (AAL +4.1%) rallies after the company lifted it outlook for Q4 unit revenue to -1% to +1% growth vs. -2.5% to -0.5% prior forecast.
    • The airline also expects improved yields, despite the increase in oil prices.
    • United Continental (UAL +2.7%), SkyWest (SKYW +1.9%) and JetBlue (JBLU +1.6%) are also tracking higher on the day off the positive sector read.
    • Related ETF: JETS.
    | 10:32 AM
  • 10:18 AM
    • Brown Capital Management now holds a 13.78% passive stake in Zoe's Kitchen (ZOES +1.8%), according to a new filing.
    • The investment manager reported it held 8.7% of ZOES shares as of October 31.
    • SEC Form 13G
    | 10:18 AM
  • 9:57 AM
    • A potential dark shadow over the for-profit education sector is the threat that the Trump administration will slow graduate-level student funding, according to a note from Compass Point.
    • The development could be positive for lender SLM Corp (SLM -1%), but negative for names such as Capella Education (CPLA +1.5%), Grand Canyon Education (LOPE +0.8%), DeVry Education (DV +2.7%) and Strayer Education (STRA +0.5%) with a high degree of graduate student exposure
    | 9:57 AM
  • 9:49 AM
    • Royal Caribbean (RCL +0.2%) says the Empress of the Seas is set for its first visit to Cuba next April.
    • The company says the Empress ship will then offer a series of 4- and 5-night sailings later in the year with port calls to destinations in Cuba.
    • Source: Press Release
    | 9:49 AM
  • 9:43 AM
    • Fred's (FRED -6%) sent a little shockwave into the drug store sector during yesterday's earnings call when management cut out all Q&A due to a "pending" transaction.
    • One obvious scenario is that Fred's is attempting to buy Walgreen Boots Alliance (WBA +0.6%) stores that need to be divested ahead of the merger with Rite Aid (RAD +0.9%).
    • Fred's earnings call transcript
    | 9:43 AM
  • 9:26 AM
    • There's a colorful array of words pouring out of Wall Street firms to describe Restoration Hardware's (NYSE:RH) earnings report.
    • Cowen sees "many shortfalls" and raises concerns over "aggressive" SKU rationalization and says it's "unclear" if the business will improve.
    • Telsey calls the retailer's forecast "disappointing" and points to "execution missteps."
    • Oppenheimer sees "risks" to sales and EPS.
    • Sources: CNBC TV and Bloomberg
    • Previously: Restoration Hardware beats by $0.04, beats on revenue (Dec. 8)
    • Previously: Restoration Hardware crushed after holiday guidance disappoints (Dec. 8)
    • Shares of Restoration Hardware are down 17% premarket to $32.18 to erase their post-election gains.
    | 9:26 AM | 4 Comments
  • 9:14 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) is expected to showcase a new fully electric vehicle at the CES event in Las Vegas during the first week of January.
    • The new model is reported by Bloomberg to be based on the Chrysler Pacific minivan.
    • The company and its feisty CEO have been slow to jump all-in to the EV game, with the Fiat 500e considered by some only lightly backed.
    | 9:14 AM | 1 Comment
  • 9:05 AM
    • Panera Bread Company (NASDAQ:PNRA) promoted Blaine Hurst as President effective Monday, December 12, 2016, following the resignation of Drew Madsen for personal reasons.
    • Most recently Hurst served the company as Executive Vice President – Chief Transformation and Growth Officer. He will continue to report to Ron Shaich, Panera’s chairman and CEO.
    • “Blaine has been instrumental in our multiyear efforts to transform Panera into a better competitive alternative with expanded growth opportunities,” Shaich said. “Blaine is well known and respected within the restaurant industry and the Panera family. Both colleagues and franchisees value his innovative thinking, the strength of the teams he’s built and his ability to drive transformative change.”
    • Press Release
    | 9:05 AM
  • 9:04 AM
    • Shoe Carnival (NASDAQ:SCVL) sets a new share repurchase program of $50M.
    • The new share repurchase program will replace the existing $50M share repurchase program due to expire at the end of the year. The company says there is currently $10.3M remaining under that repurchase program.
    • Source: Press Release
    | 9:04 AM
  • 9:00 AM
    • Shares of Coca-Cola (NYSE:KO) are up 1.02% to $41.40 after the company announces COO James Quincey will step in for CEO Muhtar Kent in May.
    • Kent will stay on as the Chairman of the Board.
    • There's some speculation that a new CEO at Coca-Cola may be more amenable to a food M&A play to align the company similar to PepsiCo. Over the last five years, PEP shares have outperformed KO shares +57% to +21%.
    • Previously: Coca-Cola CEO to step down (Dec. 9)
    | 9:00 AM | 14 Comments
  • 8:54 AM
    • American Airlines Group (NASDAQ:AAL) reports revenue passenger miles fell 0.2% in November to 16.8223B. Domestic RPMs fell 1.8% Y/Y.
    • Capacity was up 0.1% Y/Y to 20.7863B available seat miles. Domestic ASMs decreased 0.6%.
    • November load factor -30 bps to 80.9%.
    • YTD load factor -130 bps to 81.8%.
    • American expects Q4 unit revenue to fall in a range of -1% to +1%. Pre-tax margin of 6% to 8% is seen.
    • AAL +1.87% premarket to $48.95.
    | 8:54 AM | 2 Comments
  • 8:48 AM
    • Coca-Cola Company (NYSE:KO) announces that CEO Muhtar Kent will step down from his position in May.
    • COO James Quincey will succeed Kent as CEO.
    • Source: Press Release
    | 8:48 AM | 30 Comments
  • 8:37 AM
    • Vail Resorts (NYSE:MTN) reports on results for its slow non-ski season.
    • The company missed on both lines, but management's expectations for the winter ramp-up are more critical. On that note, season pass sales were up 16% in units and 20% in sales through December 4.
    • "Lodging bookings for the rest of the season are trending slightly ahead of last year at our U.S. resorts," says CEO Rob Katz.
    • After seeing the solid demand for passes, the company lifts FY17 EBITDA guidance to $569M-$605M vs. $602M consensus. Resort EBITDA of $567M-$597M is seen.
    • Previously: Vail Resorts misses by $0.13, misses on revenue (Dec. 9)
    | 8:37 AM
  • 8:18 AM
    • Shares of Duluth Holdings (NASDAQ:DLTH) dive after the retailer lowers full-year guidance.
    • The company now sees FY16 revenue of $360M-$370M vs. $370M-$380M prior. EBITDA of $34M-$38M is anticipated vs. $40M-$42.5M prior.
    • "Unseasonable weather, coupled with a highly promotional environment, continued into early fourth quarter," notes CEO Stephanie Pugliese.
    • Previously: Duluth Holdings beats by $0.01, misses on revenue (Dec. 8)
    • DLTH -16.71% premarket to $30.85 after gaining over 9% yesterday.
    | 8:18 AM | 2 Comments
  • 8:00 AM
    | 8:00 AM | 11 Comments
  • 7:52 AM
    • Argus tags Abercrombie & Fitch (NYSE:ANF) with a Sell rating after having the retail stock set at Hold previously.
    • The Wall Street analyst scorecard on A&F now shows 4 Buys, 14 Holds and 9 Sells.
    | 7:52 AM
  • 7:26 AM
    • DavidsTea (NASDAQ:DTEA) reports a slightly larger loss for Q3 than anticipated amid what it calls a "challenging" backdrop.
    • The company sees Q4 revenue of C$84.0M-C$88.0M vs.C$89.6M consensus.
    • Christine Bullen is introduced as the new interim President and CEO.
    • Ratings actions: BMO lowers to Market Perform with a $9 PT. William Blair lowers to Market Perform.
    • Previously: DAVIDs TEA reports Q3 results (Dec. 8)
    • DTEA -3.23% premarket to $9.00.
    | 7:26 AM
  • 7:12 AM
    • Lee (NYSE:LEE): FQ4 EPS of $0.14 beats by $0.07.
    • Revenue of $148.18M (-5.1% Y/Y) misses by $0.32M.
    • Press Release
    | 7:12 AM
  • 7:11 AM
    • Cowen delivers some good news for the quick-service restaurant sector with its forecast that ground beef prices could fall 10% to 15% between 2018 and 2020.
    • The investment firm warns that promotional pressure due to competition could pull at margins from the other direction.
    • Cowen's top two QSR picks are Jack in The Box (NASDAQ:JACK) and Yum Brands (NYSE:YUM), according to Bloomberg. McDonald's (NYSE:MCD), Wendy's (NYSE:WEN) and Sonic (NASDAQ:SONC) also stand to benefit from a drop in ground beef prices.
    • Related ETFs: BITE, MENU.
    | 7:11 AM
  • 7:03 AM
    • Spirit Airlines (NASDAQ:SAVE) reports revenue passenger miles increased 15.5% in November to 1.7689B.
    • Capacity was up 16.4% Y/Y to 2.1773B available seat miles.
    • Average stage length -1.4% to 986 miles.
    • November load factor -60 bps to 81.3%.
    • YTD load factor +30 bps to 85.1%.
    | 7:03 AM | 4 Comments
  • 6:53 AM
    • Vail Resorts (NYSE:MTN): FQ1 EPS of -$1.70 misses by $0.13.
    • Revenue of $178.27M (+2.1% Y/Y) misses by $5.46M.
    • Press Release
    | 6:53 AM
  • 6:52 AM
    • Genesee & Wyoming (NYSE:GWR) reports traffic increased 3.7% to 247,470 carloads in November.
    • North American operations traffic rose 7.6% to 133,689 carloads. Australian traffic down 7.1% to 15,036 carloads, while U.K./Europe traffic up 0.5% to 98,745 carloads.
    • The categories with the highest rate of traffic gains during the month were auto/auto parts, waste and coal & coke.
    • Press Release
    | 6:52 AM
  • 3:58 AM
    • Pokemon Go creator Niantic has added Starbucks (NASDAQ:SBUX) to its growing list of corporate partners as it looks for new ways to drive spending inside the mobile game.
    • More than 7,800 locations in the U.S. over the next 12 weeks will be turned into PokeStops or Gyms, while the coffee retailer will sell a new Pokemon Go branded beverage.
    • Nintendo (OTCPK:NTDOY), which developed the game with Niantic and Pokemon Co., jumped 3.7% on the news.
    | 3:58 AM | 3 Comments
  • 3:11 AM
    • From Costco's (NASDAQ:COSTQ3 earnings call:
    • Q: "As you do your own research on Amazon (NASDAQ:AMZN), which categories or what would you say like try out your best competitive advantages and what are your opportunities just to make sure you remain very competitive against Amazon and how are you feeling about millennials and generation Z?"
    • A: "Well, look in terms of scan-and-go honestly we did a version of scan-and-go literally 20 years ago. A customer I remember would walk in, get an RF gun, radio frequency device walk around scan their own items come up to the front hand that thing to the cashier and the scanner and they print out a receipt. Needless to say, there's a lot more efficient things today. We continue to look at scan-and-go type things, we are not testing it currently but we are looking at it. And I’m not suggesting we are going to do it. We have done self-checkout for a while. We've chosen to not do self checkout at higher volume units because we get people through without it."
    • Is Amazon Go a long-term risk to Costco?
    | 3:11 AM | 15 Comments
  • 3:08 AM
    • The Monetary Authority of Macau will clarify its policy today after casino shares plunged following a rumor that the gambling mecca would crack down on illicit outflows.
    • The South China Morning Post reported that the special administrative region was planning to halve the daily ATM withdrawal limit from 10,000 to 5,000 patacas (or about $1,250 to $626) by China UnionPay customers.
    • The policy is expected to take effect this weekend.
    • Related tickers: WYNN, LVS, MGM, MPEL OTCPK:GXYEF
    | 3:08 AM | 13 Comments
  • 2:59 AM
    • An article in WIRED explores the case for Amazon (NASDAQ:AMZN) being a monopoly:
    • "During his campaign for president, Donald Trump claimed Amazon was a monopoly he would go after for anti-trust violations if elected... Even just judging by the latest holiday sales numbers, Amazon so decisively dominates online shopping that other retail giants can barely compete. If Trump decided to make good on his promise, should Bezos be worried?
    • “As a legal matter in the U.S., being a monopolist requires high market share and the power to exclude others from the market. But Amazon’s business actually depends on including other sellers: its third-party marketplace, which allows others to sell stuff on its site, makes up a huge part of Amazon’s business."
    • Read the whole article here.
    | 2:59 AM | 28 Comments
  • Thursday, December 8, 2016

  • 5:48 PM
    • Steelcase (NYSE:SCS): Q3 EPS of $0.34 in-line.
    • Revenue of $787M (-0.1% Y/Y) misses by $20.9M.
    • Press Release
    | 5:48 PM
  • 4:34 PM
    • United Continental (NYSE:UAL) reports revenue passenger miles increased 1.7% to 16.189B in November. Domestic RPMs were up 4.3%.
    • Capacity rose 1.6% to 19.799B available seat miles. Domestic ASMs came in 4.5% higher.
    • November load factor +10 bps to 81.8%.
    • YTD load factor -60 bps to 82.9%.
    • United expects Q4 unit revenue to fall 3% to 4% Y/Y. Pre-tax operating margin of 7.5% to 8.5% is seen for the quarter.
    • UAL trades flat in AH action.
    | 4:34 PM | 1 Comment
  • 4:16 PM
    • Restoration Hardware (NYSE:RH) lowers full-year profit guidance after citing weak holiday sales.
    • "Our business in November was below our expectations, which we largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned," notes CEO Gary Friedman.
    • The company now sees FY16 EPS falling in a range of $1.19-$1.29 vs. $1.60-$1.80 prior and $1.63 consensus.
    • Previously: Restoration Hardware beats by $0.04, beats on revenue (Dec. 8)
    • RH -18.80% AH to $31.83.
    | 4:16 PM | 6 Comments
  • 4:13 PM
    • Duluth Holdings (NASDAQ:DLTH): Q3 EPS of $0.01 beats by $0.01.
    • Revenue of $67M (+21.2% Y/Y) misses by $2.04M.
    • Press Release
    | 4:13 PM | 8 Comments
  • 4:09 PM
    • Fred's (NASDAQ:FRED): Q3 EPS of -$1.05 may not be comparable to consensus of -$0.18.
    • Revenue of $516.6M (-4.5% Y/Y) beats by $2.33M.
    • Press Release
    | 4:09 PM
  • 4:09 PM
    • Bebe Stores (BEBE +7.1%) announces a one-for-ten reverse stock split.
    • The reverse stock split will be completed before trading begins tomorrow.
    • Source: Press Release
    | 4:09 PM
  • 4:09 PM
    • Fred's (NASDAQ:FRED): Q3 EPS of -$1.05 may not be comparable to consensus of -$0.18.
    • Revenue of $516.6M (-4.5% Y/Y) beats by $2.33M.
    • Press Release
    | 4:09 PM
  • 4:07 PM
    • Good Times Restaurants (NASDAQ:GTIM): FQ4 EPS of -$0.01 beats by $0.02.
    • Revenue of $17.1M (+17.5% Y/Y) misses by $0.16M.
    • Press Release
    | 4:07 PM
  • 4:06 PM
    • Restoration Hardware (NYSE:RH): Q3 EPS of $0.20 beats by $0.04.
    • Revenue of $549.3M (+3.2% Y/Y) beats by $22.17M.
    • Shares -13%.
    • Press Release
    | 4:06 PM | 12 Comments
  • 4:04 PM
    • Destination Maternity (NASDAQ:DEST): Q3 EPS of -$0.09
    • Revenue of $102.58M (-14.2% Y/Y)
    • Press Release
    | 4:04 PM
  • 4:04 PM
    • DAVIDs TEA (NASDAQ:DTEA): Q3 EPS of -C$0.10
    • Revenue of C$44.1M (+21.5% Y/Y)
    • Press Release
    | 4:04 PM
  • 3:44 PM
    • Tyson Foods (NYSE:TSN) is up 4.35% as investors continue to snap up shares following yesterday's presentation at the Bernstein Consumer Summit.
    • CFO Dennis Leatherby drew attention when he said the company is positioned to make another Hillshire-sized acquisition.
    • A confident tone was also struck by Tyson management over the price collusion allegations.
    • Tysons says it's having a a good beginning to the fiscal year. "The first quarter is off to a phenomenal start," noted CEO Tom Hayes.
    | 3:44 PM
  • 3:01 PM
    • Macau stocks are down sharply after South China Morning Post reports that Beijing is taking aim at the flight of capital from Macau.
    • The Monetary Authority of Macau is poised to limit the amount of cash China UnionPay bank cardholders can withdraw per day from ATM machines to 5K patacas from 10K.
    • The policy is expected to take effect this weekend.
    • Movers: Wynn Resorts (WYNN -9.9%), Las Vegas Sands (LVS -11.6%), Galaxy Entertainment (OTCPK:GXYEF -2.9%), Melco Crown (MPEL -12.2%) and MGM Resorts (MGM -4.3%)
    | 3:01 PM | 99 Comments
  • 2:52 PM
    • Church & Dwight (CHD -2.5%) faces competitive risk in the laundry category, warns Consumer Edge Research.
    • The analysis from the boutique research firm follows a strong Q3 for Church & Dwight during which the Arm & Hammer unit dose laundry detergent had its highest quarterly category consumption growth and increased share.
    | 2:52 PM | 3 Comments
  • 2:36 PM
    • Farmer Bros. (FARM -1.3%) announces that all three of its director nominees were elected to the company's board of directors.
    • The company was facing opposition from Waite Group in the election.
    • Source: Press Release
    | 2:36 PM
  • 1:33 PM
    • Boyd Gaming (BYD +5%) rallies after Deutsche Bank names the stock its top regional gaming pick.
    • Analyst Carlo Santarelli thinks macro factors are setting up favorably for the broad regional casino sector to set it up for margin expansion.
    • Price target hikes:  Penn National Gaming (PENN +3.3%) to $18 from $17, Pinnacle Entertainment (PNK +0.9%) to $16 from $13 and Red Rock Resorts (RRR +0.8%) to $28 from $26.
    | 1:33 PM
  • 1:28 PM
    • Baozun (NASDAQ:BZUN) priced the follow-on public offering of an aggregate 6M ADS at $12.25/ADS. The Company and selling shareholders each will issue 3M ADS with each ADS representing three Class A ordinary shares.
    • The selling shareholders have granted the underwriters an option to purchase up to an aggregate of 0.9M additional ADS, exercisable within 30 days from the date of the final prospectus at US$12.25/ADS.
    • The company expects net proceeds to be approx. $33.1M.
    • Underwriters: Credit Suisse Securities (NYSE:USA) LLC, Deutsche Bank Securities Inc. and China Renaissance Securities (Hong Kong) Limited.
    • Press Release
    | 1:28 PM
  • 1:12 PM
    • Tiffany (TIF +0.8%) is one of the best ideas for 2017 from Cowen and Company.
    • "Our view is that fundamentals will drive EPS upside–specifically, improved momentum in comp store sales through a combination of traffic and unit improvements," writes analyst Oliver Chen.
    • Over the longer time, Chen sees Tiffany a large runway for online sales to grow and continued strength for the bridal & engagement jewelry category.
    | 1:12 PM | 3 Comments
  • 12:23 PM
    • ACCO Brands Corporation (NYSE:ACCO) announced a private offering of $400M of senior unsecured notes due 2024.
    • The company intends to use the proceeds from the offering, together with borrowings under its revolving credit facility and cash on hand, to redeem all of its 6.75% Senior Unsecured Notes due April 2020 and to pay fees and expenses related to the offering.
    • Press Release
    | 12:23 PM
  • 12:21 PM
    • Dunkin' Brands (DNKN +0.6%) announces the signing of multi-unit store development agreements with four existing franchise groups to develop approximately 65 new restaurants in the Dallas-Fort Worth area. Some Baskin-Robbins and combined DD-Baskin Robbins stores are part of the expansion plan.
    • The company says there are currently more than 35 Dunkin' Donuts restaurants in the Dallas-Fort Worth area.
    • Source: Press Release
    | 12:21 PM
  • 11:59 AM
    | 11:59 AM
  • 11:49 AM
    • Ex-Ford (NYSE:F) CEO Alan Mulally is meeting today at Trump Tower with the President-elect.
    • It's unclear if Mulally is being considered for a position in the administration or if the talk will be over trade and economic issues.
    • Though the Detroit automaker was a target of Trump during the campaign, some analysts think that Trump's positions on emissions, corporate taxes and "border adjustments" on imports could be supportive.
    | 11:49 AM | 57 Comments
  • 11:35 AM
    • Donald Trump is expected to name CKE Restaurants CEO Andy Puzder as the labor secretary. An official announcement is expected shortly.
    • Puzder can be expected to be sympathetic to restaurant companies on the crucial issues of minimum wages, overtime rules, the Affordable Care Act and franchiser joint employee rules.
    • Related ETFs: BITE, MENU.
    | 11:35 AM | 56 Comments
  • 11:00 AM
    • Costco (NASDAQ:COST) is up 4.30% after turning in a solid Q32 earnings report.
    • Piper Jaffray recommends buying shares at current levels with the Citibank Visa card program, improving gross margins and continued membership growth all working in the retailer's favor.
    • Cowen is a fan of Costco's +90% membership renewal rate and thinks a bump in membership fees is likely.
    • SA contributor This is Alpha tells why Costco is a preferable investment to Wal-Mart and Target.
    | 11:00 AM | 1 Comment
  • 10:54 AM
    • Majesco Entertainment (NASDAQ:COOL) is up 47% to $4.66 after the company announces that it's merging with PolarityTE.
    • Polarity will become a wholly-owned subsidiary of Majesco.
    | 10:54 AM | 7 Comments
  • 10:35 AM
    • Michael Jordan won his long-running legal case in China to retain the selling rights to merchandise with his name in Chinese characters.
    • The decision could help companies such as Nike (NYSE:NKE) and Under Armour (UAA, UA) which frequently have to fend off copycat sellers in the region.
    • Previously: China's highest court to rule on key MJ trademark case (Dec. 7)
    | 10:35 AM | 9 Comments
  • 10:23 AM
    • Lululemon (NASDAQ:LULU) is back over $70 for the first time since early September as investors take heart after CEO Laurent Potdevin says the company is on track to hit $4B in revenue by 2021.
    • The retailer's sales were impressive during the key shopping days of Black Friday (+16%) and Cyber Monday (+29%) on what management says was a strong mix of full price selling.
    • Sports bras sales rose more than 20% during the quarter, according to Potdevin. He also noted that LULU has "fantastic innovation" regarding its bras on the way next year.
    • "We are impressed with the company’s ability to deliver both positive store comps and 16% eCommerce growth despite industry average traffic decline (in the mid-single digits)," observes Mizuho analyst Betty Chen.
    • Previously: Lululemon +11.5% on beat, buyback, and guidance boost (Dec. 7)
    • Previously: Analysts weigh in on Lululemon (Dec. 8)
    • Shares of LULU are +18.16% to $70.71.
    | 10:23 AM | 1 Comment
  • 10:07 AM
    • Ryman Hospitality Properties (RHP -2.5%) falls off after the company reports that CFO Mark Fioravanti was a seller of $1.2M worth of shares.
    • SEC Form 4
    | 10:07 AM
  • 10:03 AM
    • Acushnet (GOLF +2%) trades higher after topping Q3 revenue and profit estimates.
    • The company reports double-digit sales growth of Titleist golf clubs for the quarter. Golf ball sales were disrupted by the string of bankrupcties in the sporting goods sector.
    • "As the golf industry is undergoing a much needed and positive rationalization, our strategy continues to work well and resonates strongly with golfers and our partners," says CEO Wally Uihlein.
    • Previously: Tilteist golf club sales lift Acushnet (Dec. 8)
    | 10:03 AM
  • 9:30 AM
    | 9:30 AM | 9 Comments
  • 9:19 AM
    • Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) trades lower after comparable sales growth missed Q3 estimates, +1.8% vs. +2.1%.
    • "Given the valuation, run up in the stock into the quarter and the fact that they’ve consistently beat the comp by ~300 bps since going public, not surprised by move lower," Buckingham Research analyst Kelly Halsor tells Bloomberg.
    • Ollie's beat profit estimates with its Q3 report after lower transportation and distribution costs helped to lift margins.
    • OLLI -2.98% premarket to $30.90. Shares of OLLI are +87% YTD.
    | 9:19 AM
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