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Stock Market & Financial Investment News

News Breaks
October 12, 2012
10:02 EDTXNPT, TYC, ATNY, STI, RLD, WDC, CNX, JIVE, AVT, STX, DLTR, ANR, BTUOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alpha Natural (ANR) downgraded to Neutral from Buy at Nomura... Avnet (AVT) downgraded to Market Perform from Outperform at Raymond James... CONSOL Energy (CNX) downgraded to Sell from Outperform at CLSA... Dollar Tree (DLTR) downgraded to Hold from Buy at Jefferies... Dollar Tree (DLTR) downgraded to Neutral from Overweight at Piper Jaffray... Jive Software (JIVE) downgraded to Market Perform from Outperform at BMO Capital... Peabody Energy (BTU) downgraded to Reduce from Neutral at Nomura... Seagate (STX) downgraded to Sell from Buy at Citigroup... SunTrust (STI) downgraded to Neutral from Buy at BTIG... Tyco (TYC) downgraded to In-Line from Outperform at Imperial Capital... Western Digital (WDC) downgraded to Sell from Buy at Citigroup... XenoPort (XNPT) downgraded to Neutral from Overweight at Piper Jaffray... RealD (RLD) downgraded to Neutral from Overweight at JPMorgan... API Technologies (ATNY) downgraded to Hold from Buy at C.K. Cooper.
News For ANR;AVT;CNX;DLTR;JIVE;BTU;STX;TYC;WDC;STI;XNPT;RLD;ATNY From The Last 14 Days
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February 25, 2015
10:24 EDTSTISunTrust management to meet with Jefferies
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09:45 EDTDLTRDollar Tree says no plans for sweeping change to minimum wage rates
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09:33 EDTDLTRDollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTDLTRDollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
07:33 EDTDLTRDollar Tree sees FY15 EPS ex-items $3.30-$3.50, consensus $3.57
Consolidated net sales for the full year are estimated to range from $9.21B-$9.45B, consensus $9.38B. This estimate is based on a low to low-mid single-digit increase in same-store sales, and 7.2% square footage growth.
07:32 EDTDLTRDollar Tree sees Q1 EPS ex-items 69c-74c, consensus 77c
The company estimates consolidated net sales for Q1 to range from $2.15B-$2.2B, consensus $2.2B, based on a low to mid single-digit increase in same-store sales and 6.9% square footage growth.
07:31 EDTDLTRDollar Tree reports Q4 EPS ex-items $1.16, consensus $1.14
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February 24, 2015
15:21 EDTDLTRNotable companies reporting before tomorrow's open
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12:47 EDTSTXEarnings Preview: HP reports with break-up inching closer
Hewlett-Packard (HPQ) is set to report first quarter earnings after the market close on Tuesday, February 24, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. In October of last year, HP announced plans to separate into two new publicly traded companies: one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. EXPECTATIONS: Analysts are looking for earnings per share of 91c on revenue of $27.34B, according to First Call. The consensus range for EPS is 88c-95c on revenue of $27.01B-$27.92B. With its last earnings report, the company said it expects Q1 EPS of 89c-93c. HP has an FY15 EPS forecast of $3.83-$4.03, compared to a consensus estimate of $3.96. LAST QUARTER: On November 25, HP reported fourth quarter EPS of $1.06, matching the consensus estimate, on revenue of $28.4B, against a consensus estimate of $28.76B. HP said its Q4 personal systems revenue was up 4% from the prior year period, with total units up 5%, including Desktops units being down 2% and Notebooks units being up 8%. Enterprise Group revenue was down 4% year over year, with Industry Standard Servers revenue down 2%, Storage revenue down 8%, Business Critical Systems revenue down 29%, Networking revenue up 2% and Technology Services revenue down 3%. NEWS: On the day after HP's Q4 report, HP CEO Meg Whitman said in an interview on CNBC that the company will have a moratorium on acquisitions during 2015 as it readies for its split. Whitman also noted that the newly formed companies will have a supply chain agreement to ensure they do not lose leverage after their split. In mid January, research firm Gartner estimated that worldwide shipments of PCs increased 1% last quarter. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. Late last month, HP said it has been "working diligently to ensure that both HP Inc. and Hewlett-Packard Enterprise are set up for success" and announced Hewlett-Packard Enterprise will be headed by Meg Whitman as President and CEO and that HP Inc. will be led by Dion Weisler as President and CEO. STREET RESEARCH: On December 17, Citigroup analyst Jim Suva contended that sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017. The firm identified HP as the best way to play better than expected PC sales. Suva raised his price target on HP shares to $46 from $40 and kept a Buy rating on the stock. Also at that time, Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. On January 13, Pacific Crest downgraded HP to Sector Perform from Outperform, citing increased competition and the fact that a number of companies are buying integrated IT stacks and buying fewer individual servers and IT storage products. More recently, Wells Fargo said it believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand. The firm believes that currency issues may pressure the company's outlook, but it thinks that investors expect such a scenario. The firm reiterated an Outperform rating on the shares. PRICE ACTION: Over the last three months, shares of HP are up almost 2%. Near midday ahead of Tuesday's report, the stock was down fractionally near $38 per share.
08:03 EDTATNYAPI Technologies receives patent for EOD robot aiming device
API Technologies has been awarded a new patent for its aiming device for a bomb disarming disrupter. The Hawk-i Video Aiming Device uses a camera and a rangefinder to automatically assess range to target, then generates crosshairs on a video monitor. Bomb technicians then use this targeting guidance to fire a precise shot, which disarms the explosive. Use of the Hawk-i speeds aiming time and decreases chances of misfire due to human error.
07:19 EDTSTXSusquehanna to hold a summit
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February 20, 2015
10:20 EDTCNXHigh option volume stocks
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February 19, 2015
18:19 EDTXNPTOn The Fly: After Hours Movers
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16:18 EDTXNPTXenoPort sees 2015 HORIZANT net product sales $39M-$43M
Sees 2015 cash use $75M-$85M.
16:18 EDTXNPTXenoPort reports Q4 EPS (28c), consensus (34c)
Reports Q4 revenue $7.09M, consensus $7.09M.
February 18, 2015
10:52 EDTTYCTyco call volume attributed to takeover speculation
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10:46 EDTTYCRumor: Tyco strength attributed to takeover speculation
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10:32 EDTJIVEOptions with decreasing implied volatility
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08:19 EDTSTXMicron profitability can improve meaningfully, says Bernstein
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February 17, 2015
07:23 EDTDLTRDollar Tree Q4 results likely to beat expectations, says Stifel
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