Why Conn’s, Inc. (CONN) 12.5% on 09/07/17?

Conn’s, Inc. (CONN) jumped 12.5% as a result of Bullish news signal:

Conn’s, Inc, a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced its financial results for the second quarter ended July 31, 2017. Net income for the second quarter of fiscal year 2018 was $4.3 million, or $0.14 per diluted share, compared to a net loss for the second quarter of fiscal year 2017 of $11.9 million, or $0.39 per diluted share. On a non-GAAP basis, adjusted net income for the second quarter of fiscal year 2018 was $8.2 million, or $0.26 per diluted share, which excludes charges and credits and the loss from extinguishment of debt related to the early redemption of our 2015-A Notes. This compares to adjusted net loss for the second quarter of fiscal year 2017 of $1.2 million, or $0.04 per diluted share, which excludes charges and credits and the impact of changes in estimates.

finviz dynamic chart for  conn

“Conn’s underlying retail model remains strong. Favorable mix within product categories and lower warehouse, delivery, and transportation costs continue to benefit retail gross margins, which exceeded our expectations and increased 270 basis points to a record 39.8% during the second quarter of fiscal year 2018 compared to the second quarter of fiscal year 2017, and 140 basis points from the first quarter of fiscal year 2018. We anticipate same store sales will improve as last year’s meaningful underwriting changes were lapped at the end of the second quarter, and the penetration of our lease-to-own offering increases throughout the year.”

During fiscal year 2018, the Company has opened three new Conn’s HomePlus® stores, two of which were opened during the first quarter of fiscal year 2018 in North Carolina, and one of which was opened during the second quarter of fiscal year 2018 in Virginia, bringing the total store count to 116. The Company does not intend to open any additional stores in fiscal year 2018.

Retail Segment Second Quarter Results

Total retail revenues were $286.5 million for the second quarter of fiscal year 2018 compared to $332.4 million for the second quarter of fiscal year 2017, a decrease of 13.8%. The decrease in retail revenue was primarily driven by a decrease in same store sales of 15.1%, partially offset by new store growth. Sales were negatively impacted by underwriting changes made during the 2017 fiscal year, the transition of our lease-to-own partner and general softness in consumer spending. For the second quarter of fiscal year 2018, retail segment operating income was $31.3 million.

Business Wire 

Explanation:

Why Bullish? Conn’s underlying retail model remains strong. Favorable mix within product categories and lower warehouse, delivery, and transportation costs continue to benefit retail gross margins, which exceeded our expectations and increased 270 basis points to a record 39.8% during the second quarter of fiscal year 2018 compared to the second quarter of fiscal year 2017.  The stock has been impacted by the bullish news and jumped by 12.5%. It is very common that these type of news (i.e. strong financial results) will impact the stock in a bullish manner. Therefore, we provide this stock a  short-term bullish signal

Latest price: 19.05

Entry level: 19.55

Exit level:  20.7

Stop level: 18.8

  Jordan Mizrahi

(Views and recommendations given in this section are for research purpose only. Please consult your financial adviser before taking any position in the stock/s mentioned.) Neither First to invest. nor any of its officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisers or registered broker-dealers. First to invest does not provide investment or financial advice or make investment recommendations. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by First to invest of any particular security, transaction or investment. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers

Stock bullish and bearish news signals will make you better trader

Providing stock news signals and monitoring service based on big data and text analysis of bullish and bearish news such as new buyout deal, FDA announcement, clinical trial results, new product/service, a joint venture agreement, new orders, sales numbers, financial results, analyst recommendation etc… Therefore, by utilizing the power of bullish and bearish news signals into your investments, you will dramatically improve results on profits more than any other investment techniques. We are the only company that produces investment signals (i.e. stock recommendation including entry, exit and stop levels for each recommendation) based on stock’s bullish and bearish news.

We use in-house crawl software to aggregate more than 5,000 stock news from 100’s data sources each day and use big data to arrange the news to sectors such: technology, pharma, bio tech, energy, retail etc… and text analysis to analyze the data… You will be received signals including entry, exit and stop levels premarket and during the trading hours.

 

Why register for a First To Invest PRO monthly subscription?

  • You will get 10 daily bullish and bearish stock news signals that moves prices in the short and long term

  • You will get 5 daily stocks news balancing report for sensitive analysis

  • You can ask for online news signals on interested stocks via live chat before and during trading hours

  • Save you time by reading and analyzing 5,000 stock news from more than 100’s of data sources for you

  • We believe in our ability to generate you profits. That’s why we offer monthly subscription with no commitment and with full money-back guarantee in your first quarter of subscription

TRY OUR STOCK NEWS SIGNALS FOR $18

 

What is First to invest Pro subscription?
First to invest provides stock news signals for short and long term investments for one flat monthly fee. We are the only company that produces investment signals (i.e. stock recommendation including entry, exit and stop levels for each recommendation) based on stock’s bullish and bearish news.

What’s included in Pro subscription?
You’ll receive 10 daily pre-market and intra-day bullish and bearish news signals that can impact the price in the short and long term. For example:

“Stock Bullish short-term news signal:

  • Lululemon Athletica Inc. (LULU): Lululemon beats Street 2Q forecasts. Read More

Why Bullish? For the current quarter ending in November, Lululemon expects its per-share earnings to range from 50 cents to 52 cents. Therefore, will impact the stock in today trade and up to 2-14

Latest price: 57.55
Entry level: 60.48
Exit level: 64.2
Stop level: 59.7
About the company
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth”

“Stock Bullish long-term news signal:

  • ImmunoGen, Inc. (IMGN): Jazz Pharmaceuticals and ImmunoGen, Inc. Announce a Strategic Collaboration and Option Agreement to Develop and Commercialize Antibody-Drug Conjugate Products. Read More

Why Bullish? As part of the agreement, Jazz will pay ImmunoGen an upfront payment of $75 million. Additionally, Jazz will pay ImmunoGen up to $100 million in development funding over seven years to support the three ADC programs. Therefore, will impact the stock in today trade and in the long-term

Latest price: 6.46
Entry level: 6.8
Exit level: 7.3
Stop level: 6.2
About the company
ImmunoGen, Inc., a clinical-stage biotechnology company, develops targeted anticancer therapeutics. The company develops its products using its antibody-drug conjugate (ADC) technology”

“Stock Bearish Long-term news signal:

  • Ambarella Follows a Strong Quarter With Disappointing Guidance (Again) Read more

Why Bearish? Ambarella continued to see declines in shipments for the drone market, driven by both timing of new product launches and ongoing weakness from Tier 2 drone customers. Therefore, will impact the stock in today trade and between 2-14 days

Latest price: 45.37
Entry level: 43.1
Exit level: 46.2
Stop level: 41.9

About the company
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide”

In addition, you’ll get a daily news balancing report for sensitivity analysis for 5 stocks.

Which stock markets First to invest cover?
First to invest covers the US stocks markets at this moment with an ambition to expand into EU and Japan markets.

How will First to invest subscription help me invest more fast and accurately?
With your monthly subscription to First to invest, you’ll be able to invest in real time on stocks that are influenced by news, whether if it’s new deal, FDA approval, M&A, new product, profit announcements and analyst recommendation. When using our service, you will gain the power of 100 data sources that generate more than 5,000 stock news and analyze by our staff in order to find you the best opportunities in the market.

When do the stock news signals get delivered?
Between 30-60 minutes before the market opens and during the trade until the closing time

How the stock news signals delivered?
With your subscription to First to invest Pro, you can choose to receive our signals by Email and / or WhatsApp.

How much does First to invest cost?
The price will be $70 per month with no commitment. You can test our service by starting with “Get to know us for a 9 days” for just $18 one-time special price.

What payment methods are accepted by First to invest?
First to invest accepts all major credit cards (Visa, MasterCard, American Express, Discover and Diners Club), via PayPal. (You don’t need a PayPal account)

What is the refund policy for First to invest PRO subscription?
If you are in any way unsatisfied with First to invest Pro monthly subscription during the first quarter of your subscription, we’ll provide you with a full refund, no questions asked.

[powr-plan-comparison id=6c6f0869_1473077432]

Tell us which person will also like our service and we'll give you both one week trial for your assistance

 

Verification