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Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:32 EDTAN, SWHC, SPB, RUTH, PERY, PBH, NUS, NCLH, MYCC, DFRG, AZO, ANFI, TUPDeutsche Bank to hold a conference
Consumer Conference is being held in Boston on March 5.
News For AN;ANFI;AZO;DFRG;MYCC;NCLH;NUS;PBH;PERY;RUTH;SPB;SWHC;TUP From The Last 14 Days
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September 29, 2014
06:10 EDTMYCCRed Alder group delivers letter to ClubCorp urging pursuit of restructuring
Red Alder and ADW Capital Partners, significant shareholders of ClubCorp Holdings, announced that they have delivered a letter to the independent members of the company's board, the full text of which is included below, urging the company to immediately pursue a restructuring transaction. The Red Alder Group believes that the company's conversion to a REIT and spin-off of its non-real estate assets to shareholders would enable the company to increase dividends, lower its cost of capital and significantly enhance long-term shareholder value. The Red Alder Group believes that the time is ripe for the company to pursue this strategic alternative and has called upon the board promptly to form a special committee so as not to allow the window of opportunity for this transaction to close. Red Alder believes the company could be worth $31-$36 per share upon restructuring.
September 25, 2014
10:45 EDTNUSOptions with increasing implied volatility
Options with increasing implied volatility: VALE CLF NUS HLF SVXY VXX AGQ SQQQ
10:06 EDTAZOOn The Fly: Analyst Downgrade Summary
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07:24 EDTAZOAutoZone downgraded to Hold from Buy at Argus
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September 23, 2014
10:59 EDTANCarMax slumps after posting sluggish Q2 used unit sales in comparable stores
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10:27 EDTNCLHCarnival signs of Caribbean recovery bodes well for peers, says Wells Fargo
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10:02 EDTDFRGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
08:46 EDTDFRGDel Frisco's downgraded at Sterne Agee
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08:00 EDTSPBSpectrum Brands to acquire P&G's European pet food business
Procter & Gamble (PG) announced that Spectrum Brands (SPB) has agreed to buy IAMS and EUKANUBA brands in Europe for an undisclosed amount. In April, P&G announced the sale to Mars of 80% of its global Pet Care business, including North America and Latin America. Europe was not included in that deal with the exception of Russia and Turkey. Mars later agreed to buy an additional 10% of the business in additional markets including Japan, Australia and South Africa. With the Spectrum transaction, P&G now has closed deals or reached agreements to sell 100% of its Pet Care business. The deal will close in 2015, subject to regulatory approvals. The geographic regions included in the acquisition, which account for approximately 10% of P&G’s former pet care global sales, include 42 markets throughout Europe. The business has approximately $200M of annual sales and will provide Spectrum Brands’ United Pet Group division access to the $21B European dog and cat food market which is growing at an estimated 3%-5% annually. The acquisition has been approved by Spectrum Brands' board.
07:04 EDTDFRGDel Frisco's downgraded to Neutral from Buy at Sterne Agee
September 22, 2014
11:16 EDTAZOAutoZone says business model 'solid'
10:57 EDTAZOAutoZone says every month in Q4 had positive SSS growth
The company notes that August was better than July.
10:36 EDTAZOAutoZone optimistic company can grow in all upcoming quarters
Sees acquisition of Interamerican Motor Corporation as "impressive" growth opportunity, does not see significant overlap with IMC's customer base. Says will open a "handful" of IMC stores in the new FY. Says May was "quite strong," June was "decent," July was "not as strong." Says over time will open more Hub locations at a moderate level. Says maintenance-related categories missed expectations in Q4. Looking to FY15, says Q2, Q3 will have more difficult comparisons, but optimistic company can grow in all upcoming quarters. Says committed to long-term growth strategy. Sees costs "predictable and manageable" in FY15. Sees opportunity for gross margin expansion in retail, commercial businesses. Sees IMC a "slight drag" on gross margins. Views share repurchase as attractive capital deployment strategy. Says can hopefully close IMC deal "within the next week or so." Comments made on the Q4 earnings conference call. AutoZone shares are down 3.84% to $505.98 in mid-morning trading.
10:22 EDTAZOAutoZone falls after results, levels to watch
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07:15 EDTNCLHNorwegian Cruise Line pricing improving, says Wells Fargo
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07:06 EDTAZOAutoZone opened 83 new U.S. stores, 28 new stores in Mexico, 1 in Brazil in Q4
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07:03 EDTAZOAutoZone reports Q4 EPS $11.28, consensus $11.26
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September 18, 2014
09:03 EDTPERYPerry Ellis expands partnership with American Traveler
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08:03 EDTSPBSpectrum Brands acquires Tell Manufacturing
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September 17, 2014
11:28 EDTPBHPrestige Brands management to meet with Oppenheimer
Meeting to be held on New York on September 23 hosted by Oppenheimer..
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