Stone Investment Group Limited Reports Second Quarter Results

TORONTO, ONTARIO–(Marketwired – May 26, 2017) – Stone Investment Group Limited released its unaudited financial results yesterday for the quarter ended March 31, 2017.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited

Stone Investment Group Limited is an independent wealth management company. Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

Contact Information:
Stone Investment Group Limited
Jason Stone
Investor Relations
416 867 2536 or 800 336 9528
jasons@stoneco.com
www.stoneco.com

InvestorsObserver releases covered-call reports for ACADIA Pharmaceuticals, Aerie Pharmaceuticals, Best Buy Inc., Marathon Oil Corporation and Walgreens Boots Alliance

InvestorsObserver releases covered-call reports for ACADIA Pharmaceuticals, Aerie Pharmaceuticals, Best Buy Inc., Marathon Oil Corporation and Walgreens Boots Alliance

PR Newswire

CHICAGO, May 26, 2017 /PRNewswire/ – InvestorsObserver issues critical PriceWatch Alerts for ACAD, AERI, BBY, MRO, and WBA.

To see the high-return covered-call trades uncovered by InvestorsObserver’s analysts, read the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts contain all the information needed to evaluate a new covered call, and/or a diagonal spread on the underlying stock. Each report has detailed explanations of the possible outcomes and risks for each trade, as well as an easy-to-read table that gives all the relevant metrics at a single glance.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investorsobserver-releases-covered-call-reports-for-acadia-pharmaceuticals-aerie-pharmaceuticals-best-buy-inc-marathon-oil-corporation-and-walgreens-boots-alliance-300464525.html

SOURCE InvestorsObserver

Financial News Week of May 22nd, 2017 Earnings Recap

Financial News Week of May 22nd, 2017 Earnings Recap

FinancialBuzz.com News Commentary

PR Newswire

NEW YORK, May 26, 2017 /PRNewswire/ —

U.S. stocks rose higher on Thursday, with the S&P 500 and the NASDAQ composite hitting record all-time highs. The S&P 500 closed higher at 2,415.07. The index has climbed for six straight days, marking its longest rally since February. The NASDAQ composite also ended Thursday’s session with a record close, while the Dow Jones Industrial Average rose 0.34 percent to 21,082.95. Better-than-expected earnings results from retailers helped boost the market. Investors are expecting that strong spending from U.S customers could fuel the economic growth. Costco Wholesale Corporation (NASDAQ: COST), GameStop Corp. (NYSE: GME), Best Buy Co., Inc. (NYSE: BBY), Guess?, Inc. (NYSE: GES), Abercrombie & Fitch Co. (NYSE: ANF).

Make sure you check out last week’s Video Recap, as we reported LIVE from the floor of the NYSE in New York City: https://www.youtube.com/watch?v=nTxEIo-wiVw.

“Stocks are up, certainly helped by yesterday’s release of the (Federal Open Market Committee) meeting minutes which suggested there will be a very gradual and thoughtful balance sheet normalization process,” said Kristina Hooper, Global Market Strategist at Invesco. According to MarketWatch, Steve Chiavarone, Portfolio Manager at Federated Global Allocation Fund, also commented on the gains made by robust earnings, “A 15% earnings growth in the first quarter was all achieved without any fiscal stimulus, so investors can afford to be patient even as tax cuts and deregulation reforms are being delayed.”

Costco Wholesale Corporation (NASDAQ: COST) is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. The company’s average warehouse space is approximately 144,000 square feet. Thursday after market the company announced earnings for the 3rd quarter of fiscal year 2017. Shares of the company jumped more than 1.6% in aftermarket trading session. Net sales for the quarter increased eight percent, to $28.22 billion from $26.15 billion last year. Net sales for the first thirty-six weeks increased six percent, to $84.82 billion from $80.34 billion last year.

GameStop Corp. (NYSE: GME) is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. Thursday after market the company announced earnings for the 1st quarter of fiscal year 2017. Shares of the company fell more than more than 5.5% in aftermarket trading session. Total global sales increased 3.8% to $2.05 billion, resulting in consolidated comparable store sales growth of 2.3% (-2.4% in the U.S. and +17.1% internationally). New hardware sales increased 24.6%, led by the highly sought after Nintendo Switch. New software declined 8.2% due to the tough overlap of a few key AAA titles launched last year. Pre-owned sales declined 6.2%, in-line with the company’s expectations. During the quarter, new hardware sales increased 25% due to strong demand for the Nintendo Switch, but new software sales were down 8%.

Best Buy Co., Inc. (NYSE: BBY) on Thursday reported an unexpected increased in first-quarter comparable-store sales which rose 1.6 percent in the first quarter sending the shares up more than 18 percent. Total revenue rose 1 percent to $8.53 billion in the quarter ended April 29. While net income came in $188 million, or 60 cents per share. “We are pleased today to report strong top and bottom line results for the first quarter of fiscal 2018,” said Hubert Joly, Chairman and CEO, Best Buy. “Our Q1 performance reflects the strength of our customer value proposition and continued momentum in the execution of our strategy. I want to thank all our associates across the company for their hard work in delivering these results.”

Guess?, Inc. (NYSE: GES) designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. For the first quarter of fiscal 2018, the Company recorded GAAP net loss of $21.3 million, a 15.4% improvement compared to $25.2 million for the first quarter of fiscal 2017. GAAP diluted loss per share improved 13.3% to $0.26 for the first quarter of fiscal 2018, compared to $0.30 for the prior-year quarter.

Abercrombie & Fitch Co. (NYSE: ANF) reported a net loss per diluted share of $0.91 for the first quarter ended April 29, 2017. In addition, the company reported an operating loss of $69.9 million for the first quarter which included the adverse impact from year over year changes in foreign currency exchange rates of approximately $5.3 million, compared to an operating loss of $54.9 million last year. Fran Horowitz, Chief Executive Officer, said, “We are encouraged by our progress across all brands, particularly in March and April as a whole, in an aggressively promotional environment. We are pleased with the performance of our largest brand, Hollister, as our strategic initiatives continue to deliver. Abercrombie comparable sales were in line with our expectations as we continue to apply the learnings from Hollister`s successes. Our focus on closeness to our customers enables us to adapt and execute better and faster, ensuring more consistent delivery of the right product at the right time, with the right brand voice, and through the right brand experience. We continue to tightly manage costs and inventory, and focus on execution to position our business for sustainable growth.”

Make sure you check out last week’s Video Recap, as we reported LIVE from the floor of the NYSE in New York City: https://www.youtube.com/watch?v=nTxEIo-wiVw.

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