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Stock Market & Financial Investment News

News Breaks
July 8, 2014
18:28 EDTAA, AVAV, TCS, BOBE, GIMO, SIMGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alcoa (AA), up 1.21% after reporting second quarter results above analyst estimates... AeroVironment (AVAV), up 5.46% after reporting quarterly results. DOWN AFTER EARNINGS: Container Store (TCS), down 15.96% after reporting first quarter results and fiscal 2014 guidance below estimates... Bob Evans (BOBE), down 2.37%. ALSO LOWER: Gigamon (GIMO), down 28.77% after lowering second quarter revenue guidance... Silicon Image (SIMG), down 12.02% after cutting second quarter guidance.
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July 9, 2014
11:16 EDTAVAVAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
11:11 EDTBOBEBob Evans expects PED virus 'to be around for awhile'
10:53 EDTBOBEBob Evans: 'Hopefully, we have made the last untimely report'
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10:43 EDTBOBEBob Evans says delaying Q4 results 'the right action to take'
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10:02 EDTGIMOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
09:35 EDTAAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
09:13 EDTBOBE, SIMG, AVAV, TCS, GIMOOn The Fly: Pre-market Movers
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08:33 EDTBOBESandell comments on recent earnings release from Bob Evans
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08:27 EDTGIMOGigamon downgraded to Neutral from Buy at DA Davidson
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08:26 EDTAAAlcoa shares should be bought, says Sterne Agee
After Alcoa reported stronger than expected Q2 results, Sterne Agee expects the company to be boosted by strength in its aerospace business going forward. The firm believes that the company's fundamentals are improving.
08:11 EDTGIMOGigamon price target lowered to $19 from $25 at Credit Suisse
Credit Suisse lowered its price target on Gigamon to $19 from $25 following the company's negative Q2 pre-announcement. However, the firm maintains its Outperform rating on the stock, citing its valuation.
08:04 EDTTCSContainer Store price target lowered to $32 from $45 at Credit Suisse
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07:56 EDTGIMOGigamon volatility expected to move after lowering Q2 revenue outlook
Gigamon volatility is expected to move after lowering its Q2 revenue outlook. Overall option implied volatility of 59 is above its 26-week average of 52 according to Track Data, suggesting large price movement.
07:37 EDTAAAlcoa price target raised to $18.50 from $15 at JPMorgan
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07:26 EDTAAInvestors hope solid earnings can reverse losing streak
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07:02 EDTAAAlcoa price target raised to $17 from $15 at Stifel
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06:29 EDTGIMOGigamon downgraded to Buy from Strong Buy at Needham
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06:16 EDTGIMOGigamon downgraded to Underperform from Neutral at BofA/Merrill
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05:38 EDTGIMOGigamon downgraded to Market Perform from Outperform at William Blair
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05:37 EDTGIMOGigamon downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Gigamon to Neutral citing execution issues after the company lowered its Q2 sales outlook. The firm cut its price target for shares to $14 from $29.
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