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News For DKS;AAP;MIK From the Last 2 Days
Mar 20, 2019 | 07:38 EDT
Evercore ISI analyst Greg Melich initiated Advance Auto Parts with an Outperform rating and $185 base case price target, given his view that its retail turnaround is gaining momentum against a solid industry backdrop.
Mar 20, 2019 | 07:30 EDT
Notable put activity was cited Tuesday in Uniti Group (UNIT), Symantec (SYMC), Monster Beverage (MNST), American Axle (AXL), Northern Oil and Gas (NOG), and Michaels (MIK).
Mar 19, 2019 | 16:21 EDT
Stocks spent the morning hours in the green, though some of the wind came out of the market's sails following conflicting headlines about the status of trade talks with China. Following the reports... To see the rest of the story go to See Story Here
Mar 19, 2019 | 12:09 EDT
The S&P is rising again this morning after having hit a five-month high yesterday. The Dow and... To see the rest of the story go to See Story Here
Mar 19, 2019 | 10:40 EDT
Post-earnings put seller exits hedge in Michaels. Shares up $1.30, or 11%, this morning to $13.09 following results with a notable block on NYSE-Arca where a customer sold 5K April 12.50 puts from 65 down to 55c as shares lifted from $12.43 to $12.71 in the opening minutes. Appears to liquidate a block of similar size opened last week for $1.075 when shares were $12.19. This morning's 11% move is within the range implied by yesterday's closing straddle and compares with the 8 quarter median move of 8.4%.
Mar 19, 2019 | 09:08 EDT
HIGHER: Altimmune (ALT), up 38% after announcing data from its phase 2 NasoVAX study demonstrated that 100% of the evaluated subjects remained seroprotected and the seroconversion rate was unchanged more than one year after vaccination... VBL Therapeutics (VBLT), up 11% after presenting data indicating that the viral anti-cancer investigational therapy VB-111 has potential to stimulate the immune system to induce a strong and durable response against ovarian tumors... Five Below (FIVE), up 2% after Loop Capital analyst Anthony Chukumba upgraded shares to Buy and raised his price target to $145 from $120, saying the company's ability to "comp the comp" has been impressive. UP AFTER EARNINGS: Michaels (MIK), up 6%... Syneos Health (SYNH), up 10%. DOWN AFTER EARNINGS: DSW (DSW), down 6%... Bitauto (BITA), down 1%. LOWER: Tesla (TSLA), down 1% after CNBC reports the SEC told a judge that Tesla CEO Elon Musk never sought pre-approval for any tweets about the company since a court-approved deal that required him to have the automaker pre-approve any tweets of material impact... Two Harbors (TWO), down 2% after an 18M share spot secondary priced at $13.85 per share... Uniti Group (UNIT), down 2% after Citi analyst Michael Rollins lowered his price target for the stock to $8 from $11 saying he remains concerned about the company's cash position and the continued demands on its balance sheet during 2019.
Mar 19, 2019 | 07:03 EDT
Sees FY19 net sales $5.19B-$5.24B, consensus $5.26B. Also expects: comparable store sales to increase between 0% and 1%; to open 24 new Michaels stores, inclusive of up to 12 Pat Catan's stores the Company plans to rebrand and reopen, and relocate 13 Michaels stores; adjusted operating income will be in the range of $640 million to $665 million; interest expense will be approximately $155 million; the effective tax rate will be between 23% and 24%.
Mar 18, 2019 | 13:19 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include HD Supply (HDS), consensus 67c... DSW Inc. (DSW), consensus 4c... Michaels (MIK), consensus $1.42.
Mar 18, 2019 | 10:50 EDT
Aggressive call buy in Michaels ahead of earnings. Shares flat at $11.70 and 6.5K May 12.5s trade 65c with bid-ask 60 to 65c. More than 7K changed hands against 0 open interest and the activity opens positions struck 7% above spot, expiring in 60 days. The company reports tomorrow morning and bullish options flow seems to suggest that some expect Michaels to snap its recent losing streak - the stock saw negative earnings-day reactions to four consecutive reports in 2018, for an average daily loss of 9.3%.