New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For AIV;ARE;BXP;FAST;GGP;OCN;SPG;SCCO;EVER;SBUX;MNST;CVX;CP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | all recent news | >>
March 4, 2015
09:20 EDTFASTFastenal February sales missed low expectations, says Credit Suisse
Credit Suisse noted that Fastenal's February sales growth of 8.6% missed the firm's estimate of about 12% and confirm fears that January weakness was more than just an anomaly. The firm think's Fastenal's slowdown is greater than anticipated by the market despite expectations for the month being low and believes that a large part of Fastenal's marginal growth in 2014 came from oil and gas driven areas. Credit Suisse has a Neutral rating and $51 price target on Fastenal shares.
09:08 EDTFASTOn The Fly: Pre-market Movers
Subscribe for More Information
08:06 EDTFASTFastenal sales growth lower than expected in February, says Wells Fargo
Subscribe for More Information
07:55 EDTFASTFastenal reports February sales up 8.6% to $298.19M
Subscribe for More Information
07:35 EDTSBUXStarbucks management to meet with UBS
Subscribe for More Information
06:44 EDTCVXSaudi Arabia raises official oil prices, Reuters reports
Subscribe for More Information
05:58 EDTFASTStocks with implied volatility movement; OREX FAST
Stocks with implied volatility movement; Orexigen (OREX) 105, Fastenal (FAST) 29 according to iVolatility.
March 3, 2015
07:53 EDTMNSTMonster Beverage price target raised to $164 from $145 at Argus
Subscribe for More Information
07:01 EDTOCNOcwen heading in the right direction, says Piper Jaffray
Subscribe for More Information
March 2, 2015
18:52 EDTOCNOn The Fly: After Hours Movers
Subscribe for More Information
16:35 EDTOCNOcwen not anticipating any material fines from regulators
The company said, "Based on Ocwen's current engagements with state regulators, the Company is not aware of nor anticipating any material fines, penalties or settlements. Ocwen still expects to resolve two open legacy matters for a total of less than $1 million. Ocwen is not aware of any pending or threatened actions to suspend or revoke any state licenses."
16:34 EDTOCNOcwen hired Moelis, Barclays to explore strategic options
Subscribe for More Information
16:33 EDTOCNOcwen no longer sees first call rights transaction in Q1
Subscribe for More Information
16:31 EDTOCNOcwen Nationstar sees Agency MSR sales netting $550M of proceeds
Subscribe for More Information
16:29 EDTOCNOcwen says $370M-$420M goodwill write-off to impact Q4 results
Ocwen Financial reported that its Q4 results will be impacted by a $370M-$420M non-cash charge to write-off goodwill and the creation of a $15M reserve relating to its remediation plan to address issues around certain erroneously dated borrower correspondence.
09:27 EDTMNSTMonster Beverage price target raised to $168 from $130 at Evercore ISI
Subscribe for More Information
08:22 EDTMNSTMonster Beverage price target raised to $163 from $130 at Cowen
Subscribe for More Information
08:22 EDTOCNAltisource Residential reports Q4 EPS 72c, consensus 61c
Altisource Residential (RESI) reports Q4 revenue $122.2M, consensus $97.88M. CEO Ashish Pandey commented, "During 2014, we demonstrated continued success executing our nonperforming loan and single family rental strategies. Despite the negative headlines surrounding our primary mortgage servicer Ocwen (OCN), our performance has remained strong. We continue to make progress building our portfolio of single family rental homes and resolving NPLs at attractive returns. The strength of our business strategy was further reinforced by our continued ability to access debt capital on favorable terms during the fourth quarter, as we executed our second NPL securitization transaction, amended our repurchase facilities on favorable terms and sold senior bonds retained from our November 2014 securitization in February of 2015."
07:32 EDTARECitigroup to hold a conference
Subscribe for More Information
06:03 EDTGGPGeneral Growth and AustralianSuper enter partnership to own Ala Moana Center
Subscribe for More Information
05:56 EDTOCNStocks with implied volatility movement; NBG OCN
Stocks with implied volatility movement; National Bank of Greece (NBG) 179, Ocwen (OCN) 116 according to iVolatility.
March 1, 2015
18:12 EDTCVXIraq's oil minister sees barrel of crude selling at around $65, Reuters says
Subscribe for More Information
February 27, 2015
21:16 EDTFASTFastenal management to meet with William Blair
Subscribe for More Information
16:14 EDTMNSTOn The Fly: Closing Wrap
Stocks on Wall Street were lower for the day, but still rose for the week and the month of February. The market moved in a narrow range for most of today's session despite a host of economic reports that were released earlier in the day. In spite of today's modest declines, the market put the finishing touches on one of its best months ever, with the Dow and S&P posting their best monthly rises since October 2011 and the Nasdaq notching its best month since 1998. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated GDP grew at an annual rate of 2.2% in the last quarter of 2014, which is weaker than the 2.6% rate first estimated last month, but above the consensus forecast for the GDP growth rate to be cut to 2%. The Chicago PMI fell 13.6 points to 45.8 in February, which was much worse than the expected reading of 58.0. The University of Michigan consumer sentiment final February print came in at 95.4, which is a little better that the 93.6 preliminary February print and above the consensus forecast for a 94.0 reading. The pending home sales index bounced 1.7% to 104.2 in January, versus expectations for it to be up 2%. COMPANY NEWS: Two notable retailers moved in opposite directions following their quarterly reports, as Gap (GPS) rose and J.C. Penney fell. Gap gained $1.23, or 3.05%, to $41.60 after the company reported fourth quarter earnings that beat expectations. The owner of Old Navy, Banana Republic and its flagship nameplate also announced a $1B share repurchase program and plans to increase its dividend. J.C. Penney, meanwhile, reported earnings that missed expectations and gave a 2015 gross margin outlook that disappointed some analysts and its shares slid 62c, or 6.8%, to $8.50. MAJOR MOVERS: Among the notable gainers was Monster Beverage (MNST), which jumped $16.38, or 13.13%, to $141.12 after the energy drink maker's fourth quarter results surpassed analysts’ consensus estimates and announced plans to expand distribution with Coca-Cola (KO) bottlers into additional territories. Among the noteworthy losers was Weight Watchers (WTW), which dropped $6.23, or 35.48%, to $11.33 after reporting lower than expected quarterly revenues and issuing a worse than expected profit forecast for its new fiscal year. Also lower were shares of Southwestern Energy (SWN), which fell $1.27, or 4.82%, to $25.08 after becoming the latest oil production company to lower its 2015 capital expenditure forecast. INDEXES: The Dow fell 81.72, or 0.45%, to 18,132.70, the Nasdaq lost 24.36, or 0.49%, to 4,963.53, and the S&P 500 declined 6.24, or 0.3%, to 2,104.50.
13:00 EDTOCNOcwen says financial impact of transfers immaterial
Subscribe for More Information
12:54 EDTMNSTOn The Fly: Midday Wrap
Subscribe for More Information
11:47 EDTMNSTMonster Beverage rallies to 52-week high after Q4 results top estimates
Subscribe for More Information
10:04 EDTMNSTHigh option volume stocks
Subscribe for More Information
09:58 EDTOCNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 500.com (WBAI) downgraded to Hold from Buy at Deutsche Bank... Akorn (AKRX) downgraded to Hold after share rally at Needham... Allscripts (MDRX) downgraded to Market Perform from Outperform at Leerink... Bank of America (BAC) downgraded to Neutral from Buy at UBS... Bill Barrett (BBG) downgraded to Hold from Buy at KLR Group... CA Technologies (CA) downgraded to Underperform from Neutral at Credit Suisse... CBOE Holdings (CBOE) downgraded at BofA/Merrill... CONE Midstream (CNNX) downgraded to Sector Perform from Outperform at RBC Capital... Calamos (CLMS) downgraded to Underperform from Neutral at Credit Suisse... Crane (CR) downgraded to Market Perform from Outperform at FBR Capital... Dick's Sporting (DKS) downgraded to Equal Weight from Overweight at Barclays... EnerNOC (ENOC) downgraded to Buy from Strong Buy at Needham... Hercules Offshore (HERO) downgraded to Sell from Buy at Deutsche Bank... Insulet (PODD) downgraded at Oppenheimer... Intelsat (I) downgraded to Underperform from Neutral at Credit Suisse... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at Northland... Mavenir Systems (MVNR) downgraded to Equal Weight from Overweight at Morgan Stanley... Memorial Production (MEMP) downgraded to Underperform from Perform at Oppenheimer... Mobileye (MBLY) downgraded to Neutral from Buy at Dougherty... NTELOS (NTLS) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen (OCN) downgraded to Sell from Neutral at Compass Point... Pegasystems (PEGA) downgraded to Neutral from Buy at Merriman... Performant Financial (PFMT) downgraded to Neutral from Buy at Compass Point... Pharmacyclics (PCYC) downgraded to Neutral from Buy at Goldman... Potbelly (PBPB) downgraded to Underweight from Overweight at Piper Jaffray... SYNNEX (SNX) downgraded to Hold from Buy at Stifel... Safe Bulkers (SB) downgraded at Credit Suisse... Sarepta (SRPT) downgraded to Market Perform from Outperform at Cowen... Seadrill Partners (SDLP) downgraded to Sector Perform from Outperform at RBC Capital... Spirit Realty (SRC) downgraded at RBC Capital... Transocean (RIG) downgraded to Sector Perform from Outperform at Iberia... UIL Holdings (UIL) downgraded to Neutral from Outperform at RW Baird... WCI Communities (WCIC) downgraded to Neutral from Buy at Citigroup... Walter Investment (WAC) downgraded to Neutral from Outperform at Credit Suisse.
09:35 EDTMNSTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
09:25 EDTMNSTMonster Beverage price target raised to $165 from $130 at Stifel
Subscribe for More Information
09:24 EDTOCN, MNSTOn The Fly: Pre-market Movers
Subscribe for More Information
08:55 EDTMNSTMonster Beverage price target raised to $140 from $120 at BMO Capital
Subscribe for More Information
08:01 EDTOCNWells Fargo fires Ocwen as bond overseer, hires Credit Suisse, Bloomberg says
Wells Fargo (WFC) has issued notices to Ocwen (OCN) terminating it as overseer of debt backing for two bond deals, reports Bloomberg, citing letters sent from Wells Fargo to bondholders. Wells Fargo stated in notices sent to bondholders that a majority of investors felt the move was correct. Wells Fargo plans to transfer responsibility to Credit Suisse (CS). Reference Link
07:54 EDTMNSTMonster Beverage price target raised to $150 from $120 at JPMorgan
Subscribe for More Information
07:48 EDTOCNOcwen downgraded to Sell from Neutral at Compass Point
Subscribe for More Information
February 26, 2015
18:43 EDTMNSTOn The Fly: After Hours Movers
Subscribe for More Information
16:30 EDTMNSTMonster Beverage, Coca-Cola expand distribution agreement
In August 2014, Monster Beverage (MNST) and Coca-Cola (KO) entered into definitive agreements for a long-term strategic partnership to accelerate growth for both companies in the global energy drink category. Under the agreements, Coca-Cola will acquire an approximate 16.7% ownership interest in Monster and will transfer ownership of its worldwide energy business to Monster, which, in turn, will transfer its non-energy business to Coca-Cola. Monster and Coca-Cola will amend their current distribution coordination agreements to expand distribution with Coca-Cola bottlers into additional territories. Upon closing, Coca-Cola will become Monster's preferred distribution partner globally, and Monster will become Coca-Cola exclusive energy play. The transaction, which is subject to customary closing conditions, is expected to close in Q2.
16:09 EDTMNSTMonster Beverage up 4.3% after reporting quarterly results
16:08 EDTMNSTMonster Beverage reports Q4 EPS 72c, consensus 59c
Subscribe for More Information
15:30 EDTMNSTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
14:38 EDTMNSTMonster Beverage technical notes ahead of earnings
Subscribe for More Information
09:06 EDTSPGSimon Property investing $250M in renovating The Galleria in Houston
Simon announced a $30M renovation of Houston Galleria's luxury wing to complement the previously announced construction of a new flagship Saks store, the addition of 110,000 square feet of new retail space and the creation of a 14,000 square foot, architecturally appealing, free standing retail building. In total, Simon is investing $250M at The Galleria.
07:47 EDTMNSTMonster Beverage volatility elevated into Q4 and outlook
Subscribe for More Information
07:10 EDTSBUXStarbucks price target raised to $108 from $97 at Jefferies
Subscribe for More Information
06:53 EDTSBUXKFC to test edible coffee cup in U.K., NY Times says
Subscribe for More Information
February 25, 2015
13:56 EDTCVXSaudi Arabia aims to become second-largest refined oil exporter, WSJ says
Saudi Arabia's oil minister Ali al-Naimi said Wednesday it plans to become the world's second-largest refined oil product exporter by 2017, reports the Wall Street Journal, citing statements given at a conference. Two new refineries in Saudi Arabia will add 800,000 BPD this year, and a planned 2017 refinery in Jazan will bring the kingdom's total capacity to over 3M BPD. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
07:28 EDTEVERKeefe Bruyette to hold a conference
Subscribe for More Information
07:18 EDTSBUXPiper bumps Starbucks price target up to $107
Piper Jaffray raised its price target for shares of Starbucks to $107 from $102 saying it has increased conviction in the achievability of its estimates over the next five years after traveling with management. Piper remains confident in its prediction that Starbucks will double earnings and reach a $100B-plus market capitalization in less than five years. It reiterates an Overweight rating on the stock.
07:04 EDTSPGSimon Property announces strategic partnership with Hudson's Bay Company
Subscribe for More Information
06:45 EDTCVXSaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 24, 2015
10:00 EDTCVXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:31 EDTCVXChevron downgraded on oil pirce, valuation at Oppenheimer
Subscribe for More Information
06:13 EDTCVXChevron downgraded to Perform from Outperform at Oppenheimer
Subscribe for More Information
06:04 EDTSBUXStarbucks to stop selling CDs as it moves to other formats, Mashable says
Subscribe for More Information
February 23, 2015
16:36 EDTCPCanadian Pacific announces new 9.14M share repurchase program
Canadian Pacific announced that it intends to renew its normal course issuer bid, NCIB, commencing March 17, subject to the approval of the Toronto Stock Exchange. CP's board of directors has authorized the repurchase of up to 9.14M of its common shares, for cancellation, representing approximately 6% of CP's "public float" of common shares as at February 20. "This new share repurchase program demonstrates CP's continued confidence in the long-term prospects of the company and underscores our commitment to enhancing total shareholder return," said CP CEO E. Hunter Harrison. "Our strong balance sheet and cash flow position enables us to return cash to shareholders while continuing to pursue our business strategy and invest in the franchise." CP is permitted to purchase up to 12,650,862 common shares during the 12 month period ending March 16, under its current program. CP has substantially completed the purchase of such shares, with 12,192,437M shares purchased at a weighted average price of $202.62 as of February 20. CP expects it will complete purchases under its current NCIB prior to the expiry of the program on March 16th.
13:45 EDTCVXOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
12:40 EDTSBUXStarbucks pushing China employees to open new stores, WantChinaTimes says
Subscribe for More Information
11:43 EDTOCNOcwen volatile after MSR sale, New Residential deal for Home Loan Servicing
Subscribe for More Information
11:24 EDTOCNOcwen resumes trading, shares now up 17c to $9.77
11:22 EDTOCNOcwen halted for volatility after bounce off lows
Subscribe for More Information
09:59 EDTCPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:25 EDTOCNOn The Fly: Pre-market Movers
Subscribe for More Information
08:06 EDTOCNOcwen up 6.8% following sale of mortgage servicing rights to Nationstar
Subscribe for More Information
07:47 EDTOCNOcwen to sell $9.8B portfolio of mortgage servicing rights to Nationstar
Subscribe for More Information
06:12 EDTCPCanadian Pacific initiated with an Overweight at JPMorgan
Subscribe for More Information
February 22, 2015
13:55 EDTCVXChevron relinquishes Romanian shale-gas interests, WSJ says
Subscribe for More Information
13:45 EDTCPCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
11:59 EDTCVXUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
09:22 EDTMNSTMonster Beverage volatility elevated into Q4 and outlook
Subscribe for More Information
07:10 EDTSBUXBrean Capital to hold a bus tour
Subscribe for More Information
February 19, 2015
11:23 EDTSBUXStarbucks management to meet with Jefferies
Meeting to be held in San Francisco on February 25 hosted by Jefferies.
06:58 EDTCVXU.S. oil prices tumble after inventory data released, Reuters says
Subscribe for More Information
<< 1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use