Monday, November 14, 2011

Urban Outfitters (NASDAQ:URBN) reported Q3 EPS of $0.33, better than analyst estimates of $0.32 per share


From: FinancialNewsOnline  | Nov 14, 2011
Urban Outfitters (NASDAQ:URBN) reported Q3 EPS of $0.33, better than analyst estimates of $0.32 per share. Revenues for the quarter rose 6.3% year-over-year to $610 million, missing consensus estimates of $626.43 million.

Chief Executive Officer of the company Glen T. Senk said, "We have made progress in many categories during the quarter. We anticipate additional improvements through continued product focus, aggressive inventory management and the organization changes we announced last week."

Urban Outfitters (NASDAQ:URBN) has potential upside of 11.2% based on a current price of $26.83 and an average consensus analyst price target of $29.85.

Urban Outfitters is currently above its 50-day moving average (MA) of $24.83 and should find resistance at its 200-day MA of $29.72.

Titanium Metals (NYSE:TIE) Home Depot (NYSE:HD) Among the Companies With Heavy Call Option Volume


From: FinancialNewsOnline  | Nov 14, 2011
Our options team has been watching Titanium Metals (NYSE:TIE) call options which are currently trading at 4.4 times their average volume, after several placed bullish bets on the company. Home Depot (NYSE:HD) calls are also very active today, trading at 4.1 times their average volume, ahead of their quarterly earnings report.

Also lighting up the screens of options traders are VeriFone (NYSE:PAY) calls, trading at 3.8 times their average volume on news that the company made a strategic acquisition. Wyndham Worldwide (NYSE:WYN) calls are not far behind at 3.7 times their average volume after several investors placed bullish bets on the company. Finally, Cheniere Energy (NYSE:LNG) calls close out the list at 3.9 times their average volume despite being downgraded by analysts

Deutsche Bank (NYSE:DB) Says CEO Ackermann Withdraws From Supervisory Board


From: FinancialNewsOnline  | Nov 14, 2011
Deutsche Bank (NYSE:DB) said its Chairman of the Management Board and the Group Executive Committee, Dr. Josef Ackermann, notified the bank that he will no longer be available as a candidate to transfer onto the Supervisory Board following his departure from the Management Board effective upon the completion of the General Meeting 2012.

Ackermann said that the extremely challenging conditions on the international financial markets and in the political-regulatory environment demand his full attention as the Chairman of the bank's Management Board.

Deutsche Bank's Nomination Committee recommends that the Supervisory Board propose Dr. Paul Achleitner, currently member of the Board of Management of Allianz, for election to the Supervisory Board at the General Meeting 2012

Research in Motion's (NASDAQ:RIMM) Executive Intends to Aggressively Recruit Developers. Price target of $27.97.


From: FinancialNewsOnline  | Nov 14, 2011
Research in Motion's (NASDAQ:RIMM) head of developer relations, Alec Saunders, intends to "aggressively" recruit developers for the company's new mobile platform, BBX, according to Cnet, which interviewed Saunders.

After entering the position in August, Saunders has set up developer relations centers around the world, and the marketing budget of his division was increased significantly, the publication says.

Research In Motion (NASDAQ:RIMM) has potential upside of 51.3% based on a current price of $18.49 and an average consensus analyst price target of $27.97.