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Stock Market & Financial Investment News

News Breaks
February 19, 2013
04:55 EDTADT, ADT, ADT, ADT, AN, AN, AN, AN, CTXS, CTXS, CTXS, CTXS, RCL, RCL, RCL, RCL, LEN, LEN, LEN, LEN, CBG, CBG, CBG, CBG, BKW, BKW, BKW, BKWBarclays to hold an investor trip
European Investor Trip travels throughout Ft. Lauderdale and Boca Raton, Florida on February 19-22.
News For ADT;AN;CTXS;RCL;LEN;CBG;BKW From The Last 14 Days
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August 26, 2015
10:00 EDTCBGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BRE Group (CBG) initiated with a Buy at Sterne Agee CRT... Callidus Software (CALD) initiated with an Overweight at Piper Jaffray... Jones Lang LaSalle (JLL) initiated with a Neutral at Sterne Agee CRT... Natural Grocers (NGVC) initiated with a Buy at Jefferies... NextEra Energy Partners (NEP) initiated with an Outperform at Baird... Sprouts Farmers Markets (SFM) initiated with a Hold at Jefferies... Synchrony Financial (SYF) initiated with a Buy at Buckingham... TerraForm Global (GLBL) initiated with a Buy at Citi... Trina Solar (TSL) initiated with a Sell at Axiom... Zebra Technologies (ZBRA) initiated with an Outperform at Barrington.
August 25, 2015
16:08 EDTCBGCBRE Group initiated with a Buy at Sterne Agee CRT
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13:00 EDTLENToll Brothers lags market rebound after reporting Q3 results
Shares of luxury home builder Toll Brothers (TOL) are trading lower after reporting third quarter profit and revenue that were lower than last year's Q3 results. WHAT'S NEW: Toll Brothers this morning reported Q3 earnings per share of 36c, well below the 53c the company reported in the year-ago quarter. Revenue for the quarter of $1.03B and deliveries of 1,419 units declined 3% in dollars and 2% in units from the year-ago level, while impairments rose to $18M from $6M in the year-ago quarter. Analysts were expecting Toll Brothers to report Q3 EPS of 49c on revenue of $1.05B. The company said that the average price of homes delivered was $724,000, compared to $732,000 in 3Q14. Looking ahead, Toll Brothers forecast fourth quarter deliveries of 1,645-1,945 units priced between $780,000-$800,000. The company also lowered the top end of its 2015 home deliveries forecast, and now sees deliveries of 5,350-5,650 homes compared to its prior forecast of 5,300-5,900 homes. Separately, The Commerce Department reported new home sales for July were up 5.4% to an annual pace of 507,000, which fell within the range of expectations. WHAT'S NOTABLE: On quarterly earnings conference call, Toll Brothers said it still sees net income and gross margin growth in 2016. The company added that the housing recovery is built on a "very solid foundation." The steady acceleration the industry is experiencing bodes well for the health of housing market due to pent-up demand, increasing household formations and current industry-wide production, the company said. The home builder said that there is "significant room" for growth with increased profitability in fiscal year 2016 and beyond. Toll also said it sees further consolidation in the sector. OTHERS TO WATCH: Other companies in the home building space include Lennar Corporation (LEN) PulteGroup (PHM), Hovnanian Enterprises, (HOV) and Ryland Group (RYL). PRICE ACTION: Shares of Toll Brothers are down 0.5% to $37.87 amid a broader market advance.
08:23 EDTRCLCarnival, Royal Caribbean estimates raised at William Blair
William Blair analyst Sharon Zackfia raised her estimates for both Carnival (CCL, CUK) and Royal Caribbean (RCL) citing recent declines in fuel prices and the weaker dollar. Zackfia said that she continues to prefer Royal Caribbean, on which the firm has an Outperform rating, to Carnival, but added that she is encouraged by the improvement in trends this year at the latter.
August 23, 2015
14:06 EDTRCLCruise industry headed for jump in profits, Barron's says
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August 18, 2015
08:04 EDTANAutoNation to acquire sixteen stores from Carl Gregory and Valley Motors
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