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Stock Market & Financial Investment News

News Breaks
December 11, 2012
12:33 EDTAIG, DAL, CLWR, S, TNS, GDI, SPW, DG, FDOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid optimism that budget negotiations between the White House and Republicans have progressed behind closed doors, despite House Speaker John Boehner speaking at midday to say the White House has not provided details on its proposed spending cuts. Boehner's brief press conference took the market down just slightly but the averages all remain solidly in positive territory, with the Nasdaq continuing as the leader... ECONOMIC EVENTS: In the U.S., the NFIB Small Business Optimism Index dropped 5.6 points to 87.5 in November, which was a steeper fall than the forecast move down to 92.5. The U.S. trade deficit widened to $42.2B in October from $41.5B a month earlier. Wholesale inventories increased 0.6% in October, versus expectations for an increase of 0.4%. The Job Openings & Labor Turnover, or JOLTS, report showed job openings rose 128K in October to 3.675M. In Europe, the German ZEW Indicator of Economic Sentiment moved into positive territory for the first time since this May, rising to 6.9 in December from -15.7 in November... COMPANY NEWS: The Treasury announced last night it was exiting its stake in American International Group (AIG), selling its remaining 234.2M shares of AIG common stock. AIG jumped 4.7% following Treasury's exit... Shares of Delta Air Lines (DAL) rose nearly 6% after the company agreed to buy the 49% stake in Virgin Atlantic Airways held by Singapore Airlines for $360M... MAJOR MOVERS: Among the notable gainers were TNS (TNS), up 43% after agreeing to be acquired by Siris Capital for $21 per share, and Clearwire (CLWR), up over 14% after CNBC reported Sprint (S) is in talks to acquire the stake in the company it does not already own. Also higher were shares of Gardner Denver (GDI), which rose 2% after Reuters said the company is in exclusive buyout talks with SPX Corp. (SPW). Shares of SPX, however, fell almost 8% after the report. Among the other noteworthy losers were Dollar General (DG), down 5.9% after its guidance fell short of Street estimates, and peer Family Dollar (FDO), which fell 5.8% in sympathy... INDICES: Near 12:30 pm ET, the Dow was up 117.83, or 0.89%, to 13,287.71; the Nasdaq was up 42.00, or 1.41%, to 3,028.96; and the S&P 500 was up 13.88, or 0.98%, to 1,432.43.
News For AIG;DAL;CLWR;S;TNS;GDI;SPW;DG;FDO From The Last 14 Days
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July 10, 2014
11:00 EDTFDOFamily Dollar says reduced price SKUs showing 'nice' unit lifts
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10:30 EDTFDOFamily Dollar says was 'delighted' with business done on July 4th weekend
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10:21 EDTFDOFamily Dollar says operating environment likely to remain difficult
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10:11 EDTFDOFamily Dollar says in 'early stages' of turnaround
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10:05 EDTFDOFamily Dollar says long-term growth prospects remain strong
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09:15 EDTFDOOn The Fly: Pre-market Movers
HIGHER: Zumiez (ZUMZ), up 5.7% after raising Q2 outlook... DragonWave (DRWI), up 5% after reporting better than expected Q1 results... International Game (IGT), up 3.6% after Italian press report says the company will soon get a $4B offer from GTECH... United Continental (UAL), up 2.9% after reporting June traffic. LOWER: Lumber Liquidators (LL), down 23% after downgraded at Jefferies and Credit Suisse following the company's reduced full-year outlook. Tile Shop (TTS), which also serves flooring customers, down 5.5% following Lumber Liqudators' profit warning... Family Dollar (FDO), down 1.9% after reporting Q3 earnings that missed expectations... Tractor Supply (TSCO), down 5.9% after reporting Q2 preliminary results, saying it now sees FY14 results at low end of guidance range... Liquidity Services (LQDT), down 8% after revising Q3 guidance after its sales of selected rolling stock and other assets under its Surplus Contract with the U.S. Defense Logistics Agency have ceased at the request of DLA... Potbelly (PBPB), down 18% after lowering its Q2 and FY14 outlook... Memorial Production Partners (MEMP), down 7.4% after filing to sell 8.6M shares of common units for partners... Kosmos (KOS), down 3.3% after filing to sell 17M shares of common stock.
07:26 EDTFDOFamily Dollar says Q3 results reflect economic challenges facing core customers
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07:05 EDTFDOFamily Dollar says on track to close 370 underperforming stores by end of FY
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07:05 EDTFDOFamily Dollar sees FY14 EPS $3.07-$3.17 ex-items, consensus $3.15
Sees low single digit increase in FY14 net sales, low single digit decline in SSS. Sees approx. 525 new store openings and approximately 400 store closings. Sees FY CapEx $450M-$500M. As part of its ongoing business review, the Company is taking deliberate actions to strengthen its value proposition, increase operational efficiencies and improve its financial performance. As previously announced, the Company has: Lowered prices on nearly 1,000 basic items, investing more than $50 million, on an annualized basis, to deliver more compelling values to customers; Reduced corporate overhead and re-aligned key organizational functions to improve execution and reinforce a commitment to being an efficient, low-cost retailer; Launched a process to close approximately 370 underperforming stores in the second half of fiscal 2014. Building on efforts to capture more food trips, the Company intends to further expand its cooler program beginning in fiscal 2015; Continuing to expand traffic-driving categories with a multi-year rollout of beer and wine, beginning in fiscal 2015; and Leveraging the scale and considerable diversity of the chain to launch a multi-year clustering initiative designed to enhance store productivity. The Company’s in-depth business review remains on-going, and the Board and management team continue to evaluate additional opportunities to drive efficiency in stores, and further increase value and convenience for the customer.
07:04 EDTFDOFamily Dollar sees Q4 EPS 75c-85c ex-items, consensus 78c
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07:02 EDTFDOFamily Dollar reaffirms Q4 guidance
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07:01 EDTFDOFamily Dollar reports Q3 adjusted EPS 85c, consensus 89c
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06:28 EDTFDOOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
July 9, 2014
15:28 EDTFDOFamily Dollar July weekly 64 straddle priced for 4% move into Q3
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15:25 EDTFDOFamily Dollar technical comments ahead of earnings
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15:19 EDTFDONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Family Dollar (FDO), consensus 89c.
10:02 EDTSPWOn The Fly: Analyst Initiation Summary
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07:20 EDTDALAirline sell-off an attractive long-term opportunity, says Deutsche Bank
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06:05 EDTSPWSPX Corp. initiated with a Hold at Jefferies
Target $115.
06:05 EDTDGStocks with implied volatility below IV index mean; DG VLO
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