Consumer Goods

Under Armour Inc Class A UAA Stock News

Under Armour Inc Class A (NYSE: UAA)

Under Armour was off to what seemed like it could have been a rough day in the market today. After starting the day off well into the green, the stock quickly took a dive, making it to the red within the first hour. While it seemed as though all hope was lost for the day, the stock started to spike toward the top minutes ago, quickly making it to the green. Below, we’ll talk about what we’re seeing from UAA, why, and what we’ll be watching for ahead.





What We’re Seeing From UAA

As mentioned above, Under Armour wasn’t having the best of days in the market today. While the stock started the day off in the green, it quickly made a run for the red, making it to the red within the first half hour. However, minutes ago, the stock went from red to green in what seemed like no time at all. Currently (10:14), UAA is trading at $22.07 per share after a gain of $0.29 per share (1.33%) thus far today.

Why The Stock Is Spiking

As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on UAA. As soon as we received the alert, the CNA Finance team started working to see why the stock was making a run for the top. It didn’t take long to find the reason for the gains. Ultimately, the spike is being caused by a rumor.




At the moment, if you search for Under Armour on your favorite social network, chances are that you will find the rumor too. At the moment, there’s chatter surfacing that the company may be acquired. Now, keep in mind that the rumor is incredibly vague. No one is suggesting who the buyer might be nor at what price.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on UAA. In particular, we’re watching to see if there is any validity to the acquisition rumors happening at the moment. After all, if a takeover does happen, it could return tremendous value to shareholders. We’ll keep a close eye on the news and continue to bring it to you as it breaks!

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Naked Brands Group NAKD Stock News
Naked Brand Group Inc (NASDAQ: NAKD)

Investors who are attracted to emerging companies are not exactly a rare breed, but, for all intents and purposes, they do share some inherent traits that make them somewhat of a renegade spirit in the investment world. Let’s face it, these investors aren’t easily phased by turbulent volatility, are willing to look past transgressions, and for the most part, are willing to undertake a significant risk in order to generate a meaningful reward.

Now, what if there was an emerging story that can offer investors the best of all worlds… a superior management team, a well capitalized balance sheet, and an actual brand that has already established a remarkable footprint worldwide? Would you read that story? If you are not intrigued yet, read on, because investors may soon be treated to witness the process behind the building of a brand, and the real time saga of how an iconic brand like Bendon is going to transform a relatively small company, Naked (NAKD) intimate and innerware apparel, into a national brand capable of defining a new era of the way undergarments are marketed and sold.

Bendon Can Be Naked Too

Some investors are probably already familiar with NAKD apparel, but they may have failed to realize that an investment opportunity was also at hand. Naked is not a new brand of underwear and intimate apparel. In fact, with the label being sold since 2010, they have established a strong and genuine reputation, formalizing engaging relationships with the likes of HSN, Macy’s, Bloomingdale’s, and other major department store chains throughout the United States. But, even well liked and emerging brands, like Naked, eventually need deep pocketed support on their drive toward profitability. And, this is where Bendon plays the critical role in propelling not only NAKD, but their own company as well, perpetuating their iconic name in additional worldwide markets.

Let’s not kid ourselves. While NAKD can deliver additional value and market opportunity to Bendon, the real hero of this story is Bendon, and the proposed deal to merge with Naked Brand Group demonstrates how they can utilize their global company, size, strength and management expertise to bring near term shareholder value to investors that have already bought into the company’s brand story.

Bendon, in its 70 year history, brings enormous opportunity to NAKD shareholders, but Naked Brand Group is contributing some well earned assets as well. For instance, Naked has seen its brand sales grow and has also attracted enormous talent to endorse its men’s line of athleisure wear, with Dwayne Wade serving the endorsement role in the men’s category. And, with Bendon delivering an evergreen partnership agreement with Heidi Klum, the combined marketing power in just the intimate apparel and undergarment segment may continue to prove a lucrative market for Bendon and Naked Brand Group alike. If you are a NAKD shareholder, having an interested partner like Bendon may be equivalent to hitting the jackpot on a one armed bandit.

Let’s be honest, while celebrity endorsements can be bought and paid for on some levels, it doesn’t happen in the case of Klum and Wade. Their endorsements are sincere and powerful, and they deliver a message that both Bendon and Naked brand of underwear and intimate apparel are products worthy of consumer attention. NAKD, for their part, is pioneering a new method of design, using innate features in their line which provides extreme comfort through the use of innovative manufacturing processes, such as “second skin” feeling fabric that is seam free and silver-infused.

Some investors question why Bendon would be so eager to merge with a company like NAKD, whose revenue is less than 2% of Bendon’s trailing twelve months revenue. It’s because Bendon is quick to recognize and seize upon potential. Already enjoying consistent growth, NAKD has engaged in an exclusive partnership for one of its brands with HSN, a premier shopping network that offers a premium showcase for the brand. At the same time, NAKD has positioned the brand to be a specialty garment, allowing for pricing power in an industry where margins have historically been razor thin.

Led by industry veteran Carole Hochman, CEO of Naked Brands, the company has fortified its presence by capitalizing on its management expertise. Banking off of her skill set, NAKD is already positioned to penetrate through the barriers that exist in the apparel industry, barriers that can be prohibitive, especially for companies that are working to develop value through e-commerce and brick and mortar placements. While NAKD, too, has seen its growth hamstrung by small and emerging brands, Bendon offers a competitive advantage by providing NAKD the opportunity to take advantage of the many Bendon distribution channels, allowing the brand a real opportunity for success.

Bendon And The NAKD Truth

The global intimate apparel market is significant, currently being pegged as an $82 billion market. Even more impressive for those keeping score, the already substantial market is expected to grow at a compounded annual growth rate of 17% through the year 2020, keeping the investment opportunity fresh and compelling. Unlike other consumer products, the intimate apparel market has remained relatively strong during economic downturns, in fact, the market even remained stable during the Great Recession. Pockets of growth have been demonstrated for only a small handful of intimate apparel brands, and Bendon has been a worthy inclusion into that select group.

During the past few years, there has been an influx of new and smaller players into the space, facilitated by the relative ease of building a small scale e-commerce site. However, the reality of actually building and maintaining a profitable business strategy beyond the initial launch proves well beyond the reach of most emerging brands, as the customer acquisition costs, lack of an integrated infrastructure, and the barriers in place that can stifle sustainable growth are mostly underestimated by new brands on the block.

Despite the brand and name recognition sometimes enjoyed by small and aspiring brands, in many instances these names only tend to provide a handsome salary to the brand owners, with product sales often unable to provide much of the additional capital required to take a brand beyond the $20 million revenue level.

Without a solid infrastructure and a richly experienced management team in place, the opportunities for growth are minimal, regardless of how well a brand may be received by consumers. In an industry where a single stitching error can cost a company multi-millions of dollars in lost sales and wasted expense, a company that does not launch with a well organized and integrated business plan is often destined to fill the racks at national discount chains. Under Bendon’s tutelage, don’t expect to find NAKD there.

Perhaps Bendon recognized this quality early on in NAKD. Knowing the potential limitations of product and market development for smaller brands, Bendon appears to be taking aim at emerging opportunities to expand its consumer base. For NAKD, by being able to take advantage of Bendon’s significant market position and worldwide distribution platform, the journey forward for investors may prove to be a smooth ride. No doubt, NAKD investors may have hit the jackpot, as a finalized reverse merger will take their investment into a small, 2M revenue company, and facilitate ownership into a much bigger and established worldwide player in Bendon.

Bendon Gets Naked

For NAKD shareholders, the Bendon alliance may be a windfall. Bendon holds a 70 year history deeply rooted in innovation and lifestyle excellence. Its founder is considered a pioneer of modern women’s lingerie, breaking away from styles that included heavy and restrictive corsetry, designing garments that allowed free flow and non-restrictive fits. These innovative features quickly put Bendon on the lingerie map, allowing Australian lingerie to emerge into the competitive arena on the world stage.

Inclusive of Heidi Klum Intimates, Bendon nurtures its own established portfolio of brands, with eight company owned brands and three licensed brands in its stable of intimate apparel and swimwear.

Managing growth, Bendon has a distinguished and experienced executive team, which has built a formidable infrastructure and business operating platform that is conducive to facilitating continuous organic growth as well as the all-important integration of acquisitions.

Bendon’s global distribution and operations platform may turn out to be the perfect fit for NAKD. In January of 2017, NAKD entered into a Letter of Intent with Bendon Limited for a proposed merger of the two companies. Assuming the Merger Agreement is ratified by both boards, the parties expect to seek approval from NAKD shareholders during the first quarter of 2017, subject to SEC review. A merger with Bendon opens the door to tremendous growth and market opportunity for NAKD shareholders and the likelihood of shareholders not endorsing this proposed merger is low. Clearly, the advantages in consummating the deal are a boon for NAKD shareholders, noting that once NAKD is rolled-up, they become part of a much larger and far more powerful company, effectively becoming Bendon.

NAKD Undressed

NAKD is bringing a modest, but consistent record of growth to the table. The company has recorded sales growth in both retail and e-commerce sales, posting a 74% increase in quarter over quarter sales in the third quarter of 2016. Additionally, for the nine months ended October 31, 2016, NAKD’s net sales increased by 38% to $1,292,132, driven primarily by sales expansion into new department stores that include Saks Fifth Avenue, Bloomingdale’s, Chico’s and Dillard’s.

Key partnerships are expected to drive continued growth, utilizing exclusive A-list talent like Dwayne Wade, who will endorse and spearhead their Naked Truth marketing campaign. Taking advantage of Wade’s tremendous social media following, estimated to be in excess of 9 million followers, NAKD capitalized on his social media strengths to launch “Wade x Naked” in October of 2016 at Nordstrom’s, Nordstrom.com, and wearnaked.com. The “Wade x Naked” began generating revenue in the third quarter of 2016.

Investors are anticipating growth in the next financial release, which is expected to show continued traction in all segments of NAKD’s categories.

Bendon Dressed

Bendon, an iconic worldwide brand, is no stranger to delivering impressive financial results. Its global brands include some of the most recognized lingerie brands in Australia, the USA, and the UK. The company has an evergreen partnership in place with Heidi Klum, securing perpetual and mutual benefits, and has maintained focus on its core competencies in the design and development of bras, briefs, swimwear, and sleepwear.

Bendon has demonstrated consistent growth in revenue and earnings, with trailing twelve months revenue (ttm) of $119 million in 2016, and an impressive ttm gross margin of 50.3% of sales. The strong gross margin can be attributed to a host of synergies, but the company’s highly efficient sourcing and logistics network, which provides market agility and economies of scale, acts as the primary bread winner for Bendon.

Bendon’s global footprint has consistently increased over time. The company’s presence is now in 34 countries, with distribution to over 4000 unique customer doors. Additionally, the company benefits from the Omni-channel platform with online, wholesale, and company owned retail and outlet stores peppered throughout its worldwide operations. Sales are generated through a loyal and diverse customer base, with customers ranging in age and social demographic.

Bendon’s brand portfolio is segmented into three categories. The first segment contains its global flagship products,which include Heidi Klum Intimates, Heidi Klum Man, and Heidi Klum Swimwear. These lines secure tremendous online presence through the company’s e-commerce site, and positions the garments as a premium fashion brand for marketing and commercialization purposes. These products offer an accessible price point of between $25 and $99 per item or set.

The company’s “Luxury” segment also enjoys global distribution, with specifically constructed marketing bringing the opulence of the brand to life. Utilizing premium positioning, the Luxury segment sets price points of between $50 and $170 per item or set.

Bendon’s third business segment is its Moderate And Mass category, with the majority of its presence in Australia and New Zealand. For the United States market, Bendon offers its iconic “Fredericks of Hollywood” line of intimate apparel through its online distribution channel. This category provides a dominant heritage market position and sets retail price points between $20 and $69 per item or set.

A Combined Naked Bendon

Bendon will immediately deliver value to NAKD, and NAKD may enjoy expanded revenue and meaningful distribution channels via Bendon. Additionally, Bendon delivers a significant global operations platform, with over 30 production partner facilities across Asia. Company owned distribution centers in New Zealand, the USA, China, and Hong Kong provide outlets to efficiently get products to their respective markets, and with supporting offices in New Zealand, Australia, Hong Kong, the USA, and the UK, logistical issues can be met directly with an executive team that is fluent with each respective market or region.

Dressed For Growth

Already powerful, Bendon can further set the stage to take advantage of significant opportunities generated from the NAKD merger. The merged company expects to initiate an incremental roll-out of additional retail stores across new and existing markets around the globe. Bendon’s distribution channels are anticipated to quickly facilitate an accelerated growth path for NAKD by allowing the efficient global platform to work its magic, expediting brand placement and offering immense logistical support to fuel and manage the projected growth of the NAKD brand.

However, it is not only the business platform that generates the efficiencies. As previously stated, the combined company will take keen advantage of Carole Hochman’s talent, leveraging her expertise to build a compelling sleepwear business, focusing on building organic growth in the company. Additional category launches including resortwear, athleisure, and tween will also be in a position to benefit greatly from Ms. Hochman’s talents.

What may offer the biggest opportunity for the combined business is the fragmented nature of the intimate apparel and swimwear industry globally. The company has been vocal that an acquisitive growth strategy, leveraging the capital market’s platform to consolidate synergistic businesses is critical to its immediate and mid term game plan. In a market that has become highly fragmented due to the relative ease of initial entry, Bendon can utilize its expertise to take advantage of potential roll-up opportunities, and continue to maintain itself in a position to consolidate segments of the industry. In that respect, the company believes that it has identified a potential deal pipeline that can generate in excess of $190 million in incremental revenue opportunity.

While the merged entity will be loaded with extremely valuable and proficient executive talent, an associate described to me the resulting entity to its core, which should cause investors to take an interested and genuine look at the value proposition this deal has to offer.

To paraphrase, he said that if Carole Hochman is placed into a role that allows her to do what she does best, which is building, developing, and acquiring new brands, then there is no limit as to how far Bendon’s acquisitive ambitions can go. Investors should value her involvement, and with the Bendon muscle behind her, the investment opportunities are greatly magnified.

Taking into account all of the positives and accretive synergies to this proposed deal, investors may be well suited in considering an investment into this combined entity. So much so, in fact, that they may even feel eager and excited to join Klum and Wade…and walk around Naked.

Disclosure: This article was written by Kenny Soulstring, and it reflects my own opinions and unique articulation. This article is not intended to offer investing advice, guarantee 100% accurate predictions or to be interpreted as providing a personal recommendation. What I can guarantee, though, is accurate research, thoughtful analysis and an enthusiasm about any stock that I cover.

While I seek to uncover emerging companies that I feel have true value and potential, it’s important that investors assign an appropriate time horizon to each of their investments, understanding that emerging companies need time to mature.

I wrote this article myself and it includes my own research and expresses my own opinions. I am not receiving compensation for it (other than from CNA Finance). I have no business relationship with any company whose stock is mentioned in this article.

Additional Disclosure: I have no position in any stock mentioned, but may initiate a long position in NAKD within the next 72 hours.

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Superconductor Technologies, Inc. SCON Stock News

Superconductor Technologies, Inc. (NASDAQ: SCON)

Superconductor Technologies is having an incredibly strong day in today’s trading session. When the market opened, the stock hit the ground running, already trading on overwhelmingly impressive gains. Since then, we’ve seen some upward and some downward movement, but the stock is holding onto its strong profits. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to SCON ahead.





What We’re Seeing From SCON

As mentioned above, Superconductor Technologies is having an overwhelmingly positive day in the market today. At the opening bell, the stock was already trading over a third higher than the close yesterday. Since the open, the stock has seen some movement in both directions, but has been able to hold onto big profits. At the moment (10:19), SCON is trading at $1.60 per share after a gain of $0.45 per share (39.13%) thus far today.

Why The Stock Is Gaining

As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on SCON. As soon as we got the alert, the CNA Finance team started working to see what was causing the movement. In our search, we found that the gains are the result of new intellectual property news that the company released early this morning.




In a press release, Superconductor Technologies informed investors that it was awarded a U.S. Patent enabled by STI’s proprietary superconducting wire manufacturing method. The patented process improves Conductus(r) wire performance in the presence of a strong magnetic field. In a statement, Jeff Quiram, President and CEO at SCON, had the following to offer:

This new patent protects the foundation from which we will build high performance wire for our customers…. The flexibility provided by our proprietary manufacturing process enables STI to build superconducting wire in very unique ways.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on SCON. In particular, we’ll be watching for news with regard to the company’s use of this patented process and how it will turn into dollar signs ahead. We’ll be watching the news closely and bringing it to you as it breaks!

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Mattel, Inc. MAT Stock News

Mattel, Inc. (NASDAQ: MAT)

Mattel was off to a relatively normal day in the market today. While the stock did start the day off in the red, it quickly found its way to the green. From there, it continued to run for a short while, before correcting and falling back near the break-even point. Nonetheless, that all changed minutes ago as the stock started to soar. Below, we’ll talk about what we’re seeing from MAT, why, and what we’ll be watching for ahead.





What We’re Seeing From MAT

As mentioned above, Mattel was having a normal day in the market today. At the opening bell, the stock was trading slightly red. However, it didn’t take long to find its way to the green. When it did, we saw a continuation of upward movement before a slight correction, but the stock did indeed stay green. Nonetheless, minutes ago, the stock started to soar. At the moment (11:35), MAT is trading at $26.00 per share after a gain of $0.31 per share or 1.20% thus far today.

Why The Stock Is Spiking

As is almost always the case, our partners at Trade Ideas were the first to notify us of the upward movement on MAT. As soon as we received the notification, the CNA Finance team started digging to see what was causing the movement. It didn’t take long to uncover the story. Ultimately, the gains are the result of a rumor.




At the moment, all over social media, we’re seeing a big rumor revolving around Mattel. The rumor suggests that the company is going to be acquired. As with most rumors, the details here are vague. The rumor doesn’t offer up the name of the potential buyer, nor a price point. As a result, we’re not getting our hopes up on this one.

What We’ll Be Watching For Ahead

While we do not believe there is any validity to the takeover rumors surrounding MAT, we are going to keep an eye on the stock. At the end of the day, we could be wrong. If a takeover does happen, it will likely be the source of tremendous value for shareholders. Nonetheless, we’ll keep our eyes on the story and continue to bring you the news as it breaks!

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Kate Spade & Co KATE Stock

Kate Spade & Co (NYSE: KATE)

Kate Spade & Co was off to what seemed to be a relatively normal day in the market early on today. While the stock started the day in the green, it did a bit of bouncing around above the line. However, minutes ago, the stock started to scream for the top. Below, we’ll talk about what we’re seeing from KATE, why, and what we’ll be watching for ahead.





What We’re Seeing From KATE

As mentioned above, Kate Spade & Co was having a relatively normal day in the market today. While the stock was trading in the green, the movement wasn’t anything worth writing home about. That is until minutes ago, when the stock started to make a push for the top. Currently (10:53), KATE is trading at $19.22 per share after a gain of $0.44 per share (2.34%) thus far today.

Why The Stock Is Headed Up

As is almost always the case, our friends at Trade Ideas sent us notification of the run on KATE first. As soon as we received the alert, the CNA Finance team started digging to see what was causing the movement. It didn’t take long to dig up the story. Ultimately, the gains seem to be the result of acquisition hopes.




The gains started just after a post about Kate Spade & Co reached Deal Reporter. The post said that the company is looking to sell itself and is now accepting bids. It went further into detail, explaining that the company expects to start weeding through the deals toward the end of this month. Of course, the idea of an acquisition led to excitement among the investing community.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching KATE incredibly closely. In particular, we’re watching for details on the offers that are likely to be made, as well as whether or not the company will actually take any of the offers. We’ll keep a close eye on the news and continue to bring it to you as it breaks!

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General Mills, Inc. GIS Stock News

General Mills, Inc. (NYSE: GIS)

General Mills wasn’t having the best of days in the market today. In fact, when the opening bell rang, the stock was trading well into the red. From there, we did see some upward movement, but right when it hit the green, it started to fall once again. Nonetheless, minutes ago, the stock started spiking upward in a big way. Below, we’ll talk about what we’re seeing from GIS, why, and what we’ll be watching for ahead.





What We’re Seeing From GIS

As mentioned above, General Mills wasn’t off to the most incredible day in the market that it’s ever seen. Instead, the stock was trading in the red at the open. While it did make a quick push to the green, the stock dove back to losses once profits were seen. Nonetheless, minutes ago, it started spiking in a big way. At the moment (9:54), GIS is trading at $63.20 per share after a gain of $0.31 per share (0.49%) thus far today.

Why The Stock Is Climbing

As is almost always the case, our partners at Trade Ideas were the first to send notification of the spike on GIS. As soon as they did, the CNA Finance team started working to see what was causing the movement. It didn’t take long to dig up the story. At the moment, there’s chatter running around about a potential acquisition in the works.




Regardless of your favorite social media platform, if you go to it at the moment and search for General Mills, you’re likely to find a rumor. The rumor suggests that the company is going to be taken over. The buyer in the rumor is Mondelez International (MDLZ). However, a potential acquisition price has not been rumored… yet.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on GIS. In particular, we’ll be watching to see if there is any validity to today’s rumors. Of course, if an acquisition does happen, we could see tremendous value returned to shareholders. Nonetheless, at the moment, this is nothing more than a rumor. We’ll be watching the news closely and bringing it to you as it breaks!

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Hain Celestial Group HAIN Stock News

Hain Celestial Group Inc (NASDAQ: HAIN)

Hain Celestial Group is having an overwhelmingly rough day in the market today. While the trading session just opened, the stock is already trading down in a big way. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to HAIN moving forward. So, let’s get right to it…





What We’re Seeing From HAIN

As mentioned above, Hain Celestial Group isn’t having the best of days in the market today. Unfortunately, it’s actually one of the worst days the stock has seen. While the session has only been open for a minute at the moment, the stock is already trading with incredible losses. At the moment (9:31), HAIN is trading at $33.72 per share after a loss of $4.81 er share or 12.47% thus far today.

Why The Stock Is Falling

As is almost always the case, our partners at Trade Ideas were the first to alert us of the declines on HAIN. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. It didn’t take long to uncover the story. Unfortunately, the losses are being caused by a delay in earnings announced by the company.




Hain Celestial Group was already expected to report its earnings for the fourth quarter. Unfortunately however, that hasn’t happened quite yet. In fact, the company announced that there would be a delay to the earnings release. There’s also news surfacing that the SEC has opened an investigation into the company.

What We’ll Be Watching For Ahead

While we know that HAIN delayed the release of earnings, we’re still not sure as to why. As a result, the CNA Finance team will continue to watch for clues as to why. We’re also watching news surrounding the SEC investigation. Of course, we will continue to update you, our valued audience, with the news as it breaks!

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Sears Holdings Corp SHLD Stock News

Sears Holdings Corp (NASDAQ: SHLD)

Sears Holdings is having an incredibly strong start to the trading session today, and for good reason. In the pre-market, news broke that the company would be moving forward with massive cost cutting initiatives. As a result, we saw incredibly strong pre-market growth. Now, with the market open, the stock has dropped a bit, but is still holding onto pretty impressive gains. Below, we’ll talk about what we’re seeing from SHLD, why, and what we’ll be watching for ahead.





What We’re Seeing From SHLD

As mentioned above, Sears Holdings is having an incredibly strong day in the market today. After announcing major cost cutting initiatives, the stock started to run in pre-market hours. When the opening bell rang, it was already trading on impressive gains. While we have seen some downward movement in the first 5 minutes here, the stock is still on strong gains. At the moment (7:43), SHLD is trading at $7.43 per share after a gain of $1.89 per share or 34.12% thus far today.

Why The Stock Is Up

As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on SHLD. As soon as they did, the CNA Finance team started digging to see what was causing the movement. It didn’t take long at all to uncover the story. The gains are the result of a company update.




Early this morning, the company announced strong operating performance for Q4, but more importantly, outlined actions to drive profitability. The company will be working to improve on liquidity and financial flexibility, restructure and streamline operations, improve operational performance, and cut costs. The big news being the cost cutting. In fact, Sears Holdings plans to cut $1 billion in annualized costs. In a statement, Edward S. Lampert, Chairman and CEO at SHLD had the following to offer…

“We significantly improved our operating performance and made progress toward profitability in the fourth quarter of 2016. In the first several weeks of 2017, we undertook a series of transactions to optimize our capital structure and unlock value across our wide range of assets. We also reached an agreement to amend our asset-based credit facility which further enhances our liquidity and financial flexibility. Furthermore, we intend to use net proceeds from our announced Craftsman and real estate transactions, as well as from improvements in the operating performance of the Company, to meaningfully reduce our outstanding obligations and their associated expenses.

To build on our positive momentum, today we are initiating a fundamental restructuring of our operations that targets at least $1.0 billion in cost savings on annualized basis, as well as improves our operating performance. To capture these savings, we plan to reduce our corporate overhead, more closely integrate our Sears and Kmart operations and improve our merchandising, supply chain and inventory management.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SHLD. In particular, we’re interested in learning more about the company’s restructuring plans and cost cutting strategies, as well as following them through the process. Nonetheless, we’ll keep a close eye on the news and bring it to you as it breaks!

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Mattel, Inc. MAT Stock News

Mattel, Inc. (NASDAQ: MAT)

Mattel is having an overwhelmingly strong start to today’s trading session. When the session started for the day, the stock headed up slowly. However, minutes ago, the stock started to spike in a big way, bringing it higher and higher into the gains. Below, we’ll talk about what we’re seeing from MAT, why, and what we’ll be watching for ahead.





What We’re Seeing From MAT

As mentioned above, Mattel is having an incredibly strong start to the trading session today. When the opening bell rang, the stock started on a slow upward crawl. However, that slow crawl turned into a mad dash minutes ago as the stock started to spike toward the top. At the moment (9:47), MAT is trading at $26.38 per share after a gain of $0.46 per share or (1.77%) thus far today.

Why The Stock Is Spiking

As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on MAT. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it didn’t take long to dig up the story. It seems as though the spike is being caused by a story on Deal Reporter.




In the article, Deal Reporter suggests that Hasbro (HAS) may want to consider merging with Mattel, given the current situation in the market. This is something that has been considered in the past, but never actually came to fruition. So, essentially, investors are hoping that the merger will happen and sending the stock up as a result of the article.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both MAT and HAS. In particular, we’re watching to see if a merger is going to happen anytime soon. If it does, it would likely bring incredible value to shareholders on both sides of the coin. We’ll be watching the news closely and bringing it to you as it breaks!

Want to know more about MAT? Get the Zacks report FREE here!

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Tempur Sealy International Inc TPX Stock News

Tempur Sealy International Inc (NYSE: TPX)

Tempur Sealy International was having what seemed to be a rough start to the trading session today. When the opening bell rang, the stock was trading well into the red, where it stayed for just about the first hour. However, minutes ago the stock started to spike upward in a big way, bringing it into the green. Below, we’ll talk about what we’re seeing from TPX, why, and what we’ll be watching for with regard to the stock ahead.





What We’re Seeing From TPX

As mentioned above, Tempur Sealy International didn’t look like it was going to have the best of days in the market today. When the opening bell rang, the stock was trading well into the red. Throughout nearly the first hour, the stock saw ups and downs, but remained in the red. However, things changed minutes ago as it started spiking toward the top. At the moment, TPX is trading at $43.66 per share after a gain of $0.17 per share (0.39%) thus far today.

Why The Stock Is Spiking

As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on TPX. As soon as they did, the CNA Finance team started digging to see why the stock was making a run for the top. While we didn’t find any fundamental news released by the company that would lead to such gains, we were able to find something interesting. It seems as though the gains are the result of a rumor that’s surfacing in the social space.




At the moment, if you search your favorite social network for Tempur Sealy International, chances are that you’ll come across the rumor. The rumor suggests that the company is going to be taken over relatively soon. However, this one is about as vague as they get. There’s no indication of who the buyer is or at what price, and it’s important to keep in mind that the rumor is unconfirmed.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TPX. In particular, we’re interested in learning if there is any validity to the rumor. After all, if there is, the takeover could return tremendous value to shareholders. We’ll be watching the news closely and bringing it to you as it breaks!

Want to learn more about TPX? Get the full Zacks analysis here for FREE!

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