Seeking Alpha
  • Today - Friday, December 19, 2014

  • 9:16 AM
    • Carnival (NYSE:CCL): FQ4 EPS of $0.27 beats by $0.07.
    • Revenue of $3.72B (+1.6% Y/Y) misses by $90M.
    • Press Release
    | Comment!
  • 9:07 AM
    | Comment!
  • 9:03 AM
    • Shares of Finish Line (NASDAQ:FINL) fall sharply as the company's guidance disappoints.
    • The outlook for FY15 EPS is $1.67 vs. $1.79 consensus estimate.
    • Merchandise margins are under pressure at the retail chain, according to execs.
    • Previously: Q3 earning, report highlights
    • FINL -12.1% premarket to $25.30.
    | Comment!
  • 8:38 AM
    • Target (NYSE:TGT) CEO Brian Cornell is shaking things up at the company, notes RetailDive.
    • Cornell has assigned new leadership in the areas of mobile merchandising and e-commerce.
    • Target has also increased its willingness to hire from outside.
    • Cornell has drawn praise from most retail analysts for the early stage of his tenure at the company amid some large challenges.
    | Comment!
  • 8:34 AM
    • Paychex (NASDAQ:PAYX): FQ2 EPS of $0.47 beats by $0.01.
    • Revenue of $676.3M (+9.7% Y/Y) beats by $2.37M.
    • Press Release
    | Comment!
  • 8:25 AM
    • Phillips-Van Heusen (NYSE:PVH) announces it will add businesses to its existing joint venture with Gazal Corporation.
    • The updated agreement will bring the Tommy Hilfiger, Van Heusen, and Nancy Ganz brands to the JV in Australia and New Zealand.
    • A closing in the early part of February is anticipated.
    | Comment!
  • 8:18 AM
    • Madison Square Garden (NASDAQ:MSG) could be split in three, according to the company's SEC filing yesterday.
    • The strategy has been pushed hard by activist investors, including JAT Capital Management.
    • Analysts think shareholder value will be increased as the split brings a M&A premium into the mix on the media business.
    • Potential MSG split: Sports (Knicks, Rangers), Entertainment (concerts, theater), Media (pay-TV subscriptions, regional networks, Fuse).
    | Comment!
  • 8:04 AM
    • CarMax (NYSE:KMX) reports used unit sales in comparable stores increased 7.4% in Q3.
    • Wholesales vehicle unit sales improved 10.0% as increased appraisal traffic and the growth of the company's store base.
    • Average selling prices: Used vehicles +2.3% to $19,914, New vehicles -1.4% to $27,056, Wholesale vehicles flat at $5,124.
    • Gross profit per used vehicle +15.2% to $2,172.
    • Gross profit per new vehicle +14.8% to $927
    • FY2015 Guidance: Capital expenditure: ~$300M.
    • KMX +6.39% premarket.
    | Comment!
  • 8:00 AM
    • Toyota (NYSE:TM) announces it will invest $126M to increase capacity at a powertrain facility in Michigan.
    • The Japanese automaker is in the process of centralizing more vehicle development in Michigan.
    • Toyota is also moving its North American headquarters to Plano from California.
    | Comment!
  • 7:53 AM
    • SunTrust Robinson Humphrey upgrades CVS Health (NYSE:CVS) to a Buy rating from Neutral.
    • The investment firm has a price target of $110 on the drugstore chain.
    • What to watch: A strong report from CVS management at its Analyst Day last week has drawn notice from the Street. Also of note, the company doesn't appear to be showing any immediate side effects from its tobacco exit.
    | Comment!
  • 7:45 AM
    • Though Nike (NYSE:NKE) topped estimates for the 10th quarter in a row on strong sales growth across categories, a slower pace of futures orders is creating some concern.
    • Futures orders for emerging markets came in at only 1% vs. 7% expected.
    • On a conference call, execs with Nike pointed to its strong growth opportunities in China and with the women's merchandise business. They also noted that demand for the Lebron 12 and KD7 basketball shoes is robust.
    • Nike coverage: FQ2 earnings, report highlights, earnings call transcript
    • NKE -2.7% premarket.
    | Comment!
  • 7:42 AM
    • Finish Line (NASDAQ:FINL) reports comparable-store sales rose 4.5% in Q3.
    • Gross profit rate -136 bps to 28.23%.
    • SG&A expense rate +47 bps to 29.03%.
    • Merchandise Inventory +10.58% Y/Y to $398.6M.
    • Store count Y/Y: Finish Line -16  to 642; Branded shops +216 to 397; Running Specialty +19 to 66.
    • FY2015 Guidance: Adjusted EPS: flat Y/Y; Comparable-store sales: a low to mid-single digits increase expected.
    | Comment!
  • 7:37 AM
    • CarMax (NYSE:KMX): Q3 EPS of $0.60 beats by $0.06.
    • Revenue of $3.41B (+16.0% Y/Y) beats by $150M.
    • Press Release
    | Comment!
  • 7:27 AM
    • Piper Jaffray initiates coverage on iRobot (IRBT +1.7%) with an Overweight rating.
    • The investment firm sets a $42 price target on the stock.
    • Shares of IRBT are only up 2.7% for the year after peaking out in March.
    | Comment!
  • 7:06 AM
    • Finish Line (NASDAQ:FINL): Q3 EPS of -$0.02 misses by $0.03.
    • Revenue of $395.83M (+8.6% Y/Y) beats by $4.88M.
    • Press Release
    | Comment!
  • 6:47 AM
    • Unilever (NYSE:UL) drops a lawsuit against Hampton Creek over false advertising claims.
    • The legal action from the company, which took issue with the lack of eggs in Hampton Creek's Just Mayo product, created a mild consumer backlash over bullying tactics.
    | Comment!
  • 6:41 AM
    • Delta Air Lines (NYSE:DAL) will shift most of its capacity growth next year into the domestic market after a strong performance this year.
    • Domestic capacity is expected to grow 3% in 2015, while international capacity will increase less than a percentage point.
    | 1 Comment
  • 4:50 AM
    • Building upon its current Android Auto software, Google (NASDAQ:GOOG) is laying the groundwork for a version of Android that would be built directly into cars.
    • This integration would allow drivers to reap all the benefits of the Internet without plugging in their smartphones, as opposed to Google's current Android Auto software which requires a phone to be plugged into a compatible car.
    • If successful, Android could become the standard system powering a car's entertainment and navigation features, although the move is likely to face heavy competition and various business challenges.
  • Thursday, December 18, 2014

  • 4:58 PM
    • One of the bidders for American Apparel (NYSEMKT:APP) is a P-E firm that would like to bring back founder Doc Charney, according to the New York Post.
    • Sources indicate the board, which is only a few days removed from terminating Charney as a consultant with the company, has an offer in the $1.30-$1.40 range.
    • Previously: Takeover offer for American Apparel
    • APP -4.0% after-hours to $0.96 after a late 45% spike to $1.00.
    | Comment!
  • 4:34 PM
    • Madison Square Garden (NASDAQ:MSG) indicates in a new SEC filing that it will consider splitting its media business from the sports and entertainment assets as it considers how to structure a spin-off.
    • SEC Form 8-K
    • MSG +0.6% after-hours.
    | Comment!
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