Instinet Raises Price Target on Signet Jewelers (SIG) to $100; Reiterates Buy
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Signet Jewelers (SIG) PT, Estimates Raised at Wells Fargo Following Better-than-Expected Q3
November 22, 2016 3:57 PM ESTWells Fargo analyst Ike Boruchow reiterated an Outperform rating and boosted estimates and his valuation range on Signet Jewelers (NYSE: SIG) to $108-$110 (from $100-$105) following were better-than-expected results and outlook.
Boruchow commented, "SIG's Q3 results were better-than-expected (both comps and EPS above guidance), and although its the smallest quarter of the year (less than 5% of annual EPS), the stabilization of... More
Pre-Open Stock Movers 11/22: (AVXL) (BURL) (SIG) Higher; (PDCO) (PANW) (DY) Lower (more...)
November 22, 2016 9:23 AM ESTToday's Pre-Open Stock Movers:
Anavex Life Sciences Corp. (Nasdaq: AVXL) 21.9% HIGHER; announced a positive 41-week update from its Phase 2a study in mild-to-moderate Alzheimers disease (AD) patients for ANAVEX 2-73, which targets cellular homeostasis. At 41 weeks, Alzheimers patients taking a daily oral dose of ANAVEX 2-73 in the exploratory, not yet dose optimized Phase 2a clinical trial, showed a stabilization of cognitive and functional measures. This data of stabilization is promising since... More
Signet Jewelers (SIG) Tops Q3 EPS by 10c; Comps Outpaced; Guides Q4, FY17 EPS Above Views
November 22, 2016 6:56 AM ESTSignet Jewelers (NYSE: SIG) reported Q3 EPS of $0.30, $0.10 better than the analyst estimate of $0.20. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.18 billion.
Comps fell 2.0 percent, versus a drop of 3.9 percent expected.
GUIDANCE:
Signet... More
Signet Jewelers (SIG) call put ratio 1.8 calls to 1 puts into Q3
November 21, 2016 2:56 PM ESTSignet Jewelers (NYSE: SIG) December call option implied volatility is at 47, January is at 53; compared to its 52-week range of 28 to 58 into Q3.
... MoreTrading Radar 11/22: HP, Inc. (HPQ), Dollar Tree (DLTR), Signet Jewelers (SIG), Barnes & Noble (BKS), Nimble Storage (NMBL) Report
November 21, 2016 2:18 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Earnings:
American Woodmark (Nasdaq: AMWD) - consensus EPS $1.17
Analog Devices (Nasdaq: ADI) - consensus EPS $0.89
Azure Power (Nasdaq: AZRE) - no Street consensus
Barnes & Noble (NYSE: BKS) - consensus loss $0.34
Burlington Stores (NYSE:... More