• L Brands (LB) Meets Q3 Earnings Estimates
    Zacks

    L Brands (LB) Meets Q3 Earnings Estimates

    L Brands (LB) delivered earnings and revenue surprises of 0.00% and -0.46%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources
    Reuters

    Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

    French luxury group LVMH has persuaded U.S. jewellery chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday. The development represents a key milestone in LVMH's bid for the iconic U.S. maker of engagement rings. Tiffany earlier this month rebuffed LVMH's initial $120-per-share all-cash offer, arguing it significantly undervalues it.

  • Tiffany (TIF) to Report Q3 Results: Wall Street Expects Earnings Growth
    Zacks

    Tiffany (TIF) to Report Q3 Results: Wall Street Expects Earnings Growth

    Tiffany (TIF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Stock Market News for Nov 20, 2019
    Zacks

    Stock Market News for Nov 20, 2019

    Benchmarks closed mixed on Tuesday, the Nasdaq recorded third consecutive high close on gains in tech stocks.

  • Lowe’s Hits Record High Amid Raised Forecast, Canada Overhaul
    Bloomberg

    Lowe’s Hits Record High Amid Raised Forecast, Canada Overhaul

    (Bloomberg) -- Lowe’s Cos. raised its earnings outlook for the year and said it plans to reorganize in Canada, even as the home-improvement chain reported third-quarter sales that trailed analysts’ estimates. The shares rose to a record high on Wednesday.Excluding some items, profit per share will be between $5.63 to $5.70 for the fiscal year ending in January, the company said Wednesday. That’s above an earlier estimate of as much as $5.65. Same-store sales increased 2.2%, missing projections for 3.2% growth. The company also said it plans to shut 34 underperforming stores in Canada.Key InsightsThe forecast and store-closing plans show that Lowe’s is pushing hard to get back on track. Rival Home Depot Inc. disappointed investors earlier this week. Chief Executive Officer Marvin Ellison also told analysts on a conference call that the company is “still committed to Canada.”The company said the revamping of its web business will slow online growth in the short term. In this quarter, the company expects same-store sales to grow about 3% and the web business will contribute almost nothing to that.Lowe’s is often compared to Home Depot, and for many years it struggled to keep pace. That had changed this year, with Lowe’s at times posting better sales results.Gains in home prices accelerated in the quarter, boosted by a decline in borrowing costs. That usually means home-improvement spending picks up because more people see their properties as investments.Market ReactionLowe’s shares surged as much as 6.9%, the most in three months, to $121.22 on Wednesday. The shares had gained 23% this year through Tuesday’s close, compared with Home Depot’s 31% advance.Get MoreFor more on the results, click here.For the company statement, click here.(Updates headline and story to reflect live trading and comments from conference call.)To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa Wolfson, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GTN or NFLX: Which Is the Better Value Stock Right Now?
    Zacks

    GTN or NFLX: Which Is the Better Value Stock Right Now?

    GTN vs. NFLX: Which Stock Is the Better Value Option?

  • Apple (AAPL) Unveils Latest Apple TV+ Thriller Series Servant
    Zacks

    Apple (AAPL) Unveils Latest Apple TV+ Thriller Series Servant

    Apple's (AAPL) original content portfolio is further strengthened with the addition of the latest Apple TV+ thriller series Servant.

  • 4 Discount Stocks to Set Retail Earnings on Fire This Season
    Zacks

    4 Discount Stocks to Set Retail Earnings on Fire This Season

    Discount Store retailers' earnings results are likely to reflect gains from a unique business model as well as omni-channel, pricing and merchandising initiatives. High costs might have hurt margins.

  • Weakening Consumer Spending, Fed Rate Cut Pause, Trade Deal Uncertainty – All Reasons to Trim Stock Positions
    FX Empire

    Weakening Consumer Spending, Fed Rate Cut Pause, Trade Deal Uncertainty – All Reasons to Trim Stock Positions

    The warnings signs are there for investors to at least lighten up on the long side in the stock market. My advice is to start looking for value areas and to try to avoid investing on the fear that you are going to miss a major rally.

  • Investing.com

    Top 5 Things to Know in the Market on Wednesday

    Investing.com -- China reacted angrily to the Senate's passing of a bill tying trade preferences to observation of Hong Kong's rights, pushing Asian and European stock markets lower overnight. There are earnings updates due early from Lowe's and Target (NYSE:TGT), while Alibaba (NYSE:BABA) has priced the world's biggest stock offering so far this year. Here's what you need to know in financial markets on Wednesday, 20th November.

  • Thomson Reuters StreetEvents

    Edited Transcript of HD earnings conference call or presentation 19-Nov-19 2:00pm GMT

    Q3 2019 Home Depot Inc Earnings Call

  • A Tech Company Now, Disney Has to Tackle Password Thieves
    Bloomberg

    A Tech Company Now, Disney Has to Tackle Password Thieves

    (Bloomberg) -- Some customers who signed up for Walt Disney Co.’s new Disney+ streaming service have seen their usernames and passwords sold online to third parties and have been locked out of their newly opened accounts.Disney said its system hasn’t been hacked and that it’s working to quickly address the issue. It’s possible that hackers obtained the names and passwords from data breaches at other companies.“Disney takes the privacy and security of our users’ data very seriously, and there is no indication of a security breach on Disney+,” the company said in a statement.Disney+ is the company’s effort to build a direct connection to consumers, as many people shift to watching movies and shows on demand rather than on cable and satellite TV. The $7-a-month service launched a week ago and quickly signed up more than 10 million customers, a number far exceeding predictions.Still, the debut was marred by many complaints from customers who couldn’t log on or had trouble watching programs. But the number of gripes collected by the website Downdetector has dropped sharply over the past week and now amounts to just a few dozen.Growing ExposureSpeaking at the Code Media conference in Los Angeles on Tuesday, Disney’s direct-to-consumer chief blamed the initial troubles on faulty coding in the app that the company is working to fix. Kevin Mayer said Disney executives were “very surprised” by the number of people who subscribed.The sign-up process was complicated, he said, because some customers already had subscriptions to Disney services such as Hulu and wanted to add the new one. Many customers also forgot they already has Disney accounts.“Not only was it huge demand, but the complexity,” Mayer said. “If you were a current subscriber, how does it work? Those were legitimate questions.”While Disney has long collected customers’ names and passwords for its theme parks and online games, the expansion into online video on a global basis brings the potential for more technology snafus.ZDNet reported over the weekend that Disney+ users’ accounts were being put up for sale on hacking forums within hours of the service’s launch at prices of $3 to $11 each. Some customers reported they had used old passwords, but others said they hadn’t, according to the website.While there may be few thousand compromised Disney accounts, that’s small compared with the hundreds of thousands of usernames and passwords on the black market hijacked from platforms like Hulu, Netflix and HBO, said Andrei Barysevich, chief executive officer and co-founder of the security firm Gemini Advisory.‘Very Effective’Reusing names and password combinations from previous attacks at other sites can be a “very effective method” for hackers, he said.“This is one of the biggest problems, not just streaming services, but pretty much every e-commerce business has been battling for the last couple of years, because there’s an abundance of compromised emails and passwords on the dark web,” Barysevich said.At Code Media, a conference for media executives, operators of rival services praised the Disney+ launch. David Nevins, chief creative officer at CBS Corp., called the sign-ups “impressive,” while AT&T Inc. President John Stankey said that while Disney+ “was off to a good start,” keeping customers happy and subscribed will be an ongoing issue.“How many of the 10 million customers are there six months from now?” Stankey asked. “It’s managing churn.”(Updates with executive comments starting in sixth paragraph)To contact the reporters on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net;Kiley Roache in New York at kroache@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of RUTH earnings conference call or presentation 1-Nov-19 12:30pm GMT

    Q3 2019 Ruth's Hospitality Group Inc Earnings Call

  • INTERVIEW: TCV Partner Woody Marshall Explains the Key to a Winning Technology Growth Story
    IPO-Edge.com

    INTERVIEW: TCV Partner Woody Marshall Explains the Key to a Winning Technology Growth Story

    Woody Marshall, General Partner at TCV  By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […]

  • US STOCKS-Retail drags on Wall St; Dow falls, S&P holds steady
    Reuters

    US STOCKS-Retail drags on Wall St; Dow falls, S&P holds steady

    The Dow Jones Industrial Average fell from record levels while the S&P was flat on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending while uncertainty over the U.S.-China trade dispute simmered in the background. The tech-heavy Nasdaq was the best-performing of the three indexes, with support from Facebook Inc and Broadcom Inc helping to counter a drag from Qualcomm after the chip maker held an investor meeting.

  • Holiday optimism returns after Target, Lowe's results
    Reuters Videos

    Holiday optimism returns after Target, Lowe's results

    Target brought back some holiday cheer to the market one day after a number of disappointing retail earnings sparked fear this year's holiday shopping season won't be a robust one. Target, the second largest discount retailer, posted better-than-expected quarterly results on Wednesday and raised its profit outlook for the year. The stock hit an all-time high. The retailer has seen a lot of success from investments in the online space and in terms of multiple delivery options from same-day to pick-up. All that is paying off and allowing Target to steal customers away from department stores and specialty retailers. One retailer that's not getting caught up in Target's vortex is Lowe's. The second-largest home improvement retailer behind Home Depot also boosted its full-year profit forecast. The company offered fewer discounts which helped it pocket more profit from each sale. A tweak in its product line toward more power tools brought in professional builders and handymen, which tend to spend more. Quarterly sales, however, came in just below analysts forecasts but not enough to change Lowe's sales outlook. That was a relief after Home Depot cut its forecast for the second time this year. Shares of Lowe's rallied to an all-time high Wednesday.

  • Buy Home Depot, avoid Kohl's on drop: analyst
    Reuters Videos

    Buy Home Depot, avoid Kohl's on drop: analyst

    Shares of Kohl's plunged and Home Depot fell after both retailers cut their profit outlooks Tuesday. TacticalIncome.com's Jeff Tomasulo tells Reuters' Fred Katayama why investors should pick up Home Depot but avoid Kohl's.