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Stock Market & Financial Investment News

News For SCCO;EVER;BXP;GGP;SBUX;MNST;CVX;OCN;CP;ARE;AIV;SPG;FAST From The Last 14 Days
Check below for free stories on SCCO;EVER;BXP;GGP;SBUX;MNST;CVX;OCN;CP;ARE;AIV;SPG;FAST the last two weeks.
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July 14, 2014
16:17 EDTOCNOcwen Financial announces repurchase from WL Ross & Co. Managed Funds
Ocwen Financial announced that earlier the 62,000 outstanding shares of its Series A Perpetual Convertible Preferred Stock were converted into common stock and immediately repurchased and cancelled. "This transaction is in addition to our strategy to repurchase shares of common stock roughly equivalent to our prior period earnings pursuant to our previously announced share repurchase program," commented Bill Erbey, Ocwen's Executive Chairman.
10:00 EDTFASTOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
07:06 EDTOCNAltisource Solutions pullback a buying opportunity, says Piper Jaffray
Piper Jaffray views the recent pullback in shares of Altisource Solutions (ASPS) as a buying opportunity. Piper says shares recently sold off 10% due to some concerns around Ocwen Financial's (OCN) Homeward origination business joining Ellie Mae's Total Quality Loan Program. Piper believes Altisource's relationship with Ocwen remains "very strong" and it reiterates an Overweight rating on the stock with a $156 price target.
July 11, 2014
16:22 EDTFASTOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
13:59 EDTMNSTMonster Beverage volatility at low end of historic range
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11:15 EDTFASTFastenal tumbles after reporting earnings, announcing store closures
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10:42 EDTFASTFastenal hopes to structurally improve gross margins
Says there is "plenty of room" for the company to improve gross margins over time.
10:16 EDTFASTFastenal to close 45 stores in 2H14
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09:09 EDTFASTOn The Fly: Pre-market Movers
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08:48 EDTFASTFastenal slips after results, levels to watch
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06:54 EDTFASTFastenal reports Q2 EPS 44c, consensus 44c
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July 10, 2014
17:08 EDTCVXChevron reports Q2-May U.S. upstram production 665 MBOED vs. 659 MBOED in 2Q13
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17:05 EDTCVXChevron sees Q2 earnings higher than Q1
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15:13 EDTFASTNotable companies reporting before tomorrow's open
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14:00 EDTCPCanadian Pacific July volatility increases into Q2
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08:10 EDTCPMorgan Stanley's Vintage Values 2015 list selected
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July 8, 2014
16:57 EDTFASTGoogle Shopping for Suppliers shuts down, says William Blair
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10:29 EDTCVXChevron closes Lithuania office
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10:28 EDTAIVOn The Fly: Analyst Upgrade Summary
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06:12 EDTAIVAimco upgraded to Buy from Neutral at UBS
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