Jefferies Lowered Price Target on Lowe's Cos. (LOW) Following Q1
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Market Wrap: Fed Quells June Rate Hike Chatter; Big Banks Settle FX Probe; Sarepta Rises on Eteplirsen Plans
May 20, 2015 5:25 PM EDTMarket wrap for May 20th
End of the Day: S&P 500 down 2.0 to 2,125.85; Dow Jones down 27.0 to 18,285.40; Nasdaq up 1.7 to 5,071.74
Market Brief: The Fed said that temporary factors were still holding the economy back and don't expected a rate hike in June as a likely outcome, according to the latest FOMC minutes.
Several major banks entered settlements with the U.S. Department of Justice, Federal Reserve, and other regulators, stemming from an ongoing foreign exchange manipulation investigation.
Retailers Lowe's, Target, and Staples... More
Lowe's Cos. (LOW) Misses Q1 EPS by 4c; Comps Rose 5.3%
May 20, 2015 6:02 AM EDTLowe's Cos. (NYSE: LOW) reported Q1 EPS of $0.70, $0.04 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $14.1 billion versus the consensus estimate of $14.27 billion.
Comparable sales for the U.S. home improvement business increased 5.3 percent.
Fiscal Year... More
Trading Radar for 5/19: Lowe's (LOW), Staples (SPLS), Target (TGT), American Eagle Outfitters (AEO) Report
May 19, 2015 2:10 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Earnings:
American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.12
Atento S.A. (NYSE: ATTO) - consensus EPS $0.21
Citi Trends (Nasdaq: CTRN) - consensus EPS... More
Lowe's Cos. (LOW) Gains Following Home Depot's (HD) Q1 Results, Boosted Outlook
May 19, 2015 8:22 AM EDTLowe's Cos. (NYSE: LOW) is ticking higher early Tuesday following Q1 results and updated outlook from peer Home Depot (NYSE: HD).
Ahead of the opening bell, HD... More
