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Stock Market & Financial Investment News

News Breaks
November 19, 2012
10:41 EDTAKS, CPHD, DMND, DRYS, LRN, LH, MTL, PNNT, VFCOn The Fly: Analyst Downgrade Summary
Today’s notable downgrades include: AK Steel (AKS) downgraded to Neutral from Buy at Longbow...Cepheid (CPHD) downgraded to Neutral from Buy at Goldman...Diamond Foods (DMND) downgraded to Underperform from Hold at Jefferies...DryShips (DRYS) downgraded to Market Perform from Outperform at Wells Fargo...K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo...LabCorp (LH) downgraded to Sell from Neutral at Goldman...Mechel (MTL) downgraded to Equal Weight from Overweight at Morgan Stanley...PennantPark (PNNT) downgraded to Neutral from Outperform at RW Baird...VF Corp. (VFC) downgraded to Neutral from Buy at DA Davidson.
News For AKS;CPHD;DMND;DRYS;LRN;LH;MTL;PNNT;VFC From The Last 14 Days
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June 18, 2013
12:21 EDTMTLOn The Fly: Midday Wrap
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10:00 EDTMTLMechel rises 9.5%
Mechel is up 9.5%, or 27c, to $3.11
09:54 EDTMTLMechel announces buyback program
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08:07 EDTAKSAK Steel risk/reward remains favorable, says Wells Fargo
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June 17, 2013
17:12 EDTLHLabCorp says viral load assay for Hepatitis C now available
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11:57 EDTDMNDOptions with decreasing implied volatility: DMND LYV CTRX ULTA HRB
08:32 EDTAKSAK Steel sees Q2 EPS (38c)-(33c), consensus (8c)
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08:31 EDTAKSAK Steel sees Q2 shipments to increase 4%-5% to 1.34M-1.36M tons
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June 14, 2013
11:18 EDTDMNDOptions with decreasing implied volatility: DMND DOLE HRB PVH
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June 13, 2013
14:16 EDTAKSAK Steel raises price for carbon steel products
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07:03 EDTLHVerastem gets European orphan designation for VS-6063 in mesothelioma
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June 12, 2013
19:44 EDTLRNColorado, K12 to launch online public school
The Colorado digital board of cooperative education services received approval from the state board of education to open its first online public school. The online school, Colorado Preparatory Academy, is set to launch next year and is open to all students in grades K-12 across the state. The school will use curriculum and academic programs provided by K12.
June 11, 2013
11:27 EDTDMNDHigh option volume stocks: LQD OMC KNDI DMND CTRX
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10:13 EDTDMNDDiamond Foods rises after earnings, restatement, and new CFO
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08:50 EDTVFCVF Corp. raises long-term projections for gross margin, operating margin
In addition to new 2017 targets for revenues and earnings per share, the company also raised its projections for gross and operating margin. VF is now targeting a gross margin of 49.5% in 2017, a 300 basis point improvement over the 46.5% gross margin achieved in 2012, citing "exceptional growth in its highly profitable Outdoor & Action Sports, direct-to-consumer and international businesses." Operating margin is expected to reach 16%, up 250 basis points from the 2012 operating margin of 13.5%. Annual cash flow from operations, by 2017, is targeted at $2.4B, with a cumulative $9.5B in cash flow to be generated between 2013 and 2017.
08:49 EDTVFCVF Corp. targets $17.3B in revenue, $18.00 EPS by 2017
VF Corporation, in conjunction with an investor meeting in New York City, announced its revenue target of $17.3B by 2017, representing a five-year compounded annual growth rate, CAGR, of 10%, with 8% organic growth and 2% growth anticipated from acquisitions. VF also announced its earnings per share target of $18.00 for 2017, representing a five-year CAGR of 13%.
June 10, 2013
18:58 EDTDMNDOn The Fly: After Hours Movers
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17:50 EDTDMNDDiamond Foods up 5.4% after resuming trade following earnings, restatement
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17:15 EDTDMNDDiamond Foods names Raymond Silcock CFO
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17:12 EDTDMNDDiamond Foods expects Q4 sales to decline more than in Q3
Diamond Foods said that consistent with the outlook provided in Q2, net sales are expected to decline more in the back half of the fiscal year than the first half as compared to the prior year. Therefore, Q4 sales are expected to decline more than in Q3, driven primarily by the Nuts Segment. Q4 gross margin is expected to be largely consistent with year-to-date performance. Advertising spending is expected to increase in Q4 as compared to Q3 and the prior year due largely to campaigns focused on Kettle and Pop Secret.
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