Seeking Alpha
  • Today - Thursday, October 23, 2014

  • 12:46 PM
    • Nike (NKE +1%) CEO Mark Parker hinted at a continued partnership with Apple in the wearable technology market during an interview with Bloomberg TV. The tight relationship between the two companies in the fitness category goes back to 2006.
    • A fashion show in NYC yesterday highlighted the company's deepening commitment to women's activewear. One big takeaway from the affair was the number of well-known designers coming over to work for the Swoosh.
    • Nike is still hoping it's a Lebron 12 Christmas, despite the delayed global launch of the basketball shoe. James has been wearing the shoes in NBA exhibition action, and unlike last year with the 11s, he's not replacing them at halftime. The product will be available for customization in youth and adult size on Nike's website.
    | Comment!
  • 11:32 AM
    • Cutral-Safra ups its offer price on Chiquita Brands (CQB +7.8%) to $14.50 per share.
    • A previous offer of $14.00 per share was rejected by the company.
    | Comment!
  • 11:27 AM
    • LiveDeal (LIVE +4%) confirms that CEO Jon Isaac purchased 100K shares of the company's stock.
    • The average purchase price for the transactions was $3.05 per share.
    • Earlier this week, a report tipped off that the exec may grab 250K shares over time.
    • SEC Form 4
    | Comment!
  • 11:23 AM
    • Arctic Cat (ACAT +3.4%) rallies as investors focus on the company's FQ2 earnings beat and inventory management more than a drop in guidance.
    • Due to lowered expectations on demand, planned ATV sales will be reduced so that dealers can clear inventory.
    • The company sets FY15 EPS outlook at $1.55-$1.65 vs. $2.25-$2.35 prior and $2.27 consensus.
    | Comment!
  • 11:12 AM
    • Domtar (UFS +10.2%) trades higher after sailing past profit estimates with its Q3 report.
    • The company saw its biggest gain in operating income within the Pulp and Paper segment.
    • Lower costs on raw materials coincided with higher average selling prices for paper products.
    | Comment!
  • 11:00 AM
    • Marvel Studios (NYSE:DIS) releases the trailer for Avengers: Age of Ultron after a leaked copy made the rounds online earlier this week.
    • Expectations for the Avengers sequel are sky-high after the first film generated $1.519B globally to rank 3rd on the all-time box office list.
    • The film debuts in the U.S. on May 1, 2015.
    • Trailer (YouTube)
  • 10:51 AM
    • KKR (KKR +1.4%) is taking a serious look at PetSmart (PETM +0.6%), according to the New York Post.
    • The investment firm has a nice track record in the pet supplier business after guiding Pets at Home to a profitable IPO.
    • Firdt-round bids on PetSmart are due in by the end of the month with JPMorgan overseeing the action.
    • Investors haven't really assigned a buyout premium on PETM as shares trade lower than they did three months ago.
    | 1 Comment
  • 10:41 AM
    • Target's (TGT +1.5%) free shipping holiday promotion might not be the margin-killer that some analysts have warned about.
    • Kanter Retail notes the initiative will serve as powerful advertising for the retail giant.
    • Perhaps an even more important point, Target already ships about 67% of its items for free with the REDcard program and a $50 minimum free-shipping deal in the background.
    | Comment!
  • 10:28 AM
    • Dana Holding (DAN +11.9%) trades higher after beating Q3 earnings estimates and raising EPS guidance.
    • The company now expects full-year sales of $6.65B vs. $6.70 consensus.
    • EPS is slotted at $1.93-$1.96 vs. $1.85 consensus.
    | Comment!
  • 10:14 AM
    • CarMax (KMX +6.6%) trades higher after the company approved a $2B increase in its share repurchase program.
    • The total allowance for buybacks is now $3.8B, with $893M already burnt by the automobile retailer.
    | Comment!
  • 10:08 AM
    • Royal Caribbean (NYSE:RCL) reports a net yield increase of 4.2% in Q3.
    • Passenger ticket revenue +6.9% to $1.786B
    • Onboard revenue -5.9% to $602.02M.
    • Passengers carried +5.2% to 1.324M.
    | Comment!
  • 10:02 AM
    • Standpoint Research raises the price target on Fossil (FOSL +1.6%) to $128.
    • The investment firm has shares rated as a Buy.
    | Comment!
  • 9:54 AM
    • Penn National Gaming (PENN +1.3%) reports a drop in revenue across its East/Midwest and Southern Plains geographic segments in Q3.
    • Revenue for the West segment was up 2% to $58.63M.
    • The company was leaner compared to a year ago, with corporate overhead expenses down 19.3% to $19.7M.
    • Ebitda margin +50 bps to 26.4%.
    | Comment!
  • 9:47 AM
    • An earnings beat and a guidance lift isn't quite enough to drive shares of Under Armour (UA -2.1%) higher.
    • Retail analysts note it's a question of valuation.
    • Shares of UA trade at a forward P/E of 57 - compared to Nike's P/E of 24 with the Swoosh also growing net income at a faster clip.
    • CEO Kevin Plank is on a conference call at the moment talking up the company's global prospects.
    • Earnings call webcast
    | 1 Comment
  • 9:38 AM
    • Sears Holdings (NASDAQ:SHLD) will close 46 Kmart stores, 30 Sears outlets, and 31 Sears Auto Centers, according to liquidation notices dug up by SA contributor Mitch Nolen.
    • The action would mean the loss of close to 5,457 jobs, with a bulk of those in Indiana, Michigan, and Pennsylvania.
    • SHLD +1.0% in early action.
    | 1 Comment
  • 9:20 AM
    • Mead Johnson Nutrition Co. (NYSE:MJN) Q3 results ($M): Revenues: 1,090.7 (+4.2%); Gross Profit: 652.8 (-4.6%); Operating Expenses: 427.8 (+5.7%); Operating Income: 225.0 (-19.5%); Net Income: 187.6 (+9.5%); EPS: 0.92 (+9.5%); Quick Assets: 1,195.2 (+13.7%); CF Ops (9 mo.): 564.6 (-4.6%).
    • Revenue by Geographic Area: Asia: 561.5 (+2.7%), North America/Europe: 306.3 (+9.9%), Latin America: 222.9 (+0.7%).
    • 2014 Guidance: Revenue growth: ~9%; EPS: $3.59 - 3.66 (unch); non-GAAP EPS: $3.65 - 3.72 (unch).
    | Comment!
  • 9:08 AM
    • Acme United (NYSEMKT:ACU): Q3 EPS of $0.34 misses by $0.01.
    • Revenue of $30M (+35.5% Y/Y) beats by $1.21M.
    • Press Release
    | Comment!
  • 9:07 AM
    • McClatchy (NYSE:MNI): Q3 Net loss of $0.7M
    • Revenue of $277.6M (-3.3% Y/Y)
    • Press Release
    | Comment!
  • 9:03 AM
    • (NASDAQ:OSTK): Q3 EPS of $0.07 misses by $0.01.
    • Revenue of $352.99M (+17.1% Y/Y) beats by $19.49M.
    • Press Release
    | Comment!
  • 8:38 AM
    • Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB): Q3 EPS of Ps.0.69
    • Revenue of Ps1B (+15.1% Y/Y)
    • Press Release
    | Comment!
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