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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:14 EDTWFC, KR, BPL, NVO, STR, USB, VMW, TSO, SWFT, TFX, SSD, MNRO, RNST, NKE, BBVA, AOL, KNX, HTLD, GPK, MRTN, FUL, ATROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Outperform from Sector Perform at RBC Capital... Astronics (ATRO) upgraded to Buy from Hold at KeyBanc... Banco Bilbao (BBVA) upgraded to Neutral from Underweight at JPMorgan... Graphic Packaging (GPK) upgraded to Buy from Hold at Deutsche Bank... H.B. Fuller (FUL) upgraded to Buy from Hold at Deutsche Bank... Heartland Express (HTLD) upgraded to Buy from Hold at KeyBanc... Knight Transportation (KNX) upgraded to Buy from Hold at KeyBanc... Marten Transport (MRTN) upgraded to Buy from Hold at KeyBanc... Nike (NKE) upgraded to Overweight from Neutral at JPMorgan... Questar (STR) upgraded to Equal Weight from Underweight at Morgan Stanley... Renasant (RNST) upgraded to Outperform from Market Perform at Keefe Bruyette... Swift Transportation (SWFT) upgraded to Buy from Hold at KeyBanc... Novo Nordisk (NVO) upgraded to Buy from Neutral at Nomura... Monro Muffler (MNRO) upgraded to Buy from Neutral at ISI Group... Tesoro (TSO) upgraded to Buy from Neutral at BofA/Merrill... Buckeye Partners (BPL) upgraded to Neutral from Sell at Citigroup... Simpson Manufacturing (SSD) upgraded to Buy from Neutral at DA Davidson... VMware (VMW) upgraded to Overweight from Equal Weight at Evercore... Kroger (KR) upgraded to Neutral from Sell at Goldman... Teleflex (TFX) upgraded to Overweight from Equal Weight at Morgan Stanley... U.S. Bancorp (USB) upgraded to Hold from Sell at Stifel Nicolaus... Wells Fargo (WFC) upgraded to Buy from Hold at Stifel Nicolaus.
News For AOL;ATRO;GPK;BBVA;FUL;HTLD;NKE;MRTN;KNX;STR;RNST;SWFT;NVO;MNRO;TSO;BPL;SSD;VMW;KR;TFX;USB;WFC From The Last 14 Days
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January 26, 2016
17:32 EDTVMWVMware sees FY16 revenue $6.8B-$6.9B, consensus $7.21B
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17:18 EDTVMWVMware sees continued weakness in China, Russia and Brazil
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17:12 EDTVMWVMware sees 2016 total bookings, license bookings to exceed revenue growth
In its Q4 slides presentation the company said for 2016 expect total bookings and license bookings to exceed revenue growth by 3-5% points.
16:26 EDTWFCWells Fargo rises in extended session after boosting buybacks
Shares are up over 1.2% to $48.84. At that price next resistance is at $49.46. Support is at $48.26, the closing price of the session.
16:24 EDTVMWVMware appoints Zane Rowe as CFO
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16:23 EDTWFCWells Fargo increases common stock repurchase authority by 350M shares
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16:21 EDTVMWVMware moves up
After results, the shares are up over 4.8% in the extended session to $51.69. At that price resistance is at $52.88. Support is at $50.39.
16:18 EDTVMWVMware to take charge on restructuring, announces new CFO
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16:16 EDTVMWVMware reports Q4 EPS $1.26, consensus $1.25
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16:05 EDTMRTNMarten Transport CEO sees continued profitable growth across units in 2016
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16:03 EDTMRTNMarten Transport reports Q4 EPS 26c, consensus 26c
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15:20 EDTVMWEarnings Watch: EMC reports as questions linger on Dell deal
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14:32 EDTVMWNotable companies reporting after market close
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14:00 EDTSWFTSwift spikes after reporting Q4 earnings beat
Shares of trucking company Swift (SWFT) are rallying after reporting better-than-expected quarterly earnings on Monday evening. WHAT'S NEW: Swift reported fourth quarter earnings per share of 53c on revenue of $1.09B. Analysts were anticipating Q4 EPS of 47c on revenue of $1.12B. With its Q4 financial results, the company guided for fiscal 2016 EPS of $1.50-$1.60 against analyst estimates of $1.55. Swift attributed the earnings beat to strong operational execution, declining fuel prices, gains on equipment sales, and a better than anticipated tax rate. "We were able to generate year-over-year rate increases in our three largest reportable segments, despite difficult comparison quarters. Investments in our fleet technology are also beginning to pay off, with improved accident and workers' compensation trends, driver retention, and fuel efficiency in the quarter. We also realized improvements in our Intermodal container turns," the company said in a letter to investors. WHAT'S NOTABLE. In late September, the company slashed it fiscal 2015 EPS view to $1.43-$1.52 from $1.64-$1.74. At the time, the company blamed its reduced view, in part, on the additional carrying expense associated with the large volume of new tractors received late in the second quarter due to delivery delays, as well as a reduction in expected volumes of seasonal project business in Q4 of 2015 due to customers' recent logistical changes. A month later, with its third quarter results, the trucking company noted that as it moved into Q4, it would focus on improving utilization of its fleet. PRICE ACTION: Shares of Swift lost about 50% of their value in 2015 and closed Monday at $13.67. In Tuesday afternoon trading, shares of Swift are up over 19% to $16.31. OTHERS TO WATCH: Shares of other companies in the truck and logistics space are also up, including JB Hunt (JBHT), Hub Group (HUBG), Landstar System (LSTR), and Werner Enterprises (WERN).
10:02 EDTHTLDHeartland Express reports Q4 EPS 20c, consensus 20c
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08:13 EDTVMWVMware expected layoffs hit Monday, Fortune reports
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07:37 EDTMNROMonro Muffler backs Q4 EPS view of 40c-45c, consensus 44c
Backs Q4 sales view of $232M-$240M, consensus $238M. Assumes an increase in comparable store sales of 2.0% to 4.0%.
07:36 EDTMNROMonro Muffler lowers FY16 EPS view to $2.00-$2.05 from $2.07-$2.17
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07:33 EDTMNROMonro Muffler reports Q3 EPS 46c, consensus 47c
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06:00 EDTVMWEU to decide on Dell, EMC deal by February 29, Reuters reports
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