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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:58 EDTDO, VRSN, CI, CHK, PRGO, WWWW, CS, RSTI, OUTR, SPR, PMFG, MMS, ELON, FLDM, FWM, G, GHDX, IRBT, LOW, AOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AOL (AOL) downgraded to Neutral from Buy at BofA/Merrill... Echelon (ELON) downgraded to Hold from Buy at Needham... Fairway Group (FWM) downgraded to Hold from Buy at BB&T... Fluidigm (FLDM) downgraded to Market Perform from Outperform at Cowen... Genomic Health (GHDX) downgraded to Neutral from Outperform at Credit Suisse... Genpact (G) downgraded to Neutral from Overweight at JPMorgan... iRobot (IRBT) downgraded to Underweight from Neutral at JPMorgan... Lowe's (LOW) downgraded to Neutral from Buy at Goldman... Maximus (MMS) downgraded to Neutral from Buy at Citigroup... PMFG, Inc. (PMFG) downgraded to Hold from Buy at Stifel... Spirit AeroSystems (SPR) downgraded to Hold from Buy at KeyBanc... VeriSign (VRSN) downgraded to Sell from Neutral at Citigroup... Cigna (CI) downgraded to Neutral from Positive at Susquehanna... Chesapeake (CHK) downgraded to Sector Perform from Outperform at Howard Weil... Perrigo (PRGO) downgraded to Neutral from Buy at B. Riley... Web.com (WWWW) downgraded to Hold from Buy at Craig-Hallum... Credit Suisse (CS) downgraded to Neutral from Outperform at Macquarie... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Outerwall (OUTR) downgraded to Market Perform from Outperform at Northland Securities... Diamond Offshore (DO) downgraded to Sell from Neutral at Global Hunter.
News For AOL;ELON;FLDM;FWM;G;GHDX;IRBT;LOW;MMS;PMFG;SPR;VRSN;CI;CHK;PRGO;WWWW;CS;RSTI;OUTR;DO From The Last 14 Days
Check below for free stories on AOL;ELON;FLDM;FWM;G;GHDX;IRBT;LOW;MMS;PMFG;SPR;VRSN;CI;CHK;PRGO;WWWW;CS;RSTI;OUTR;DO the last two weeks.
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August 20, 2014
08:53 EDTLOWLowe's says signals from housing market 'mixed'
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07:26 EDTLOWLowe's weakness a buying opportunity, says RW Baird
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06:34 EDTLOWLowe's down 3.1% after reporting Q2 results, FY14 guidance
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06:08 EDTLOWLowe's CEO says 'home improvement spending will continue to progress'
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06:05 EDTLOWLowe's sees FY14 EPS approximately $2.63, consensus $2.61
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06:04 EDTLOWLowe's reports Q2 EPS $1.04, consensus $1.02
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August 19, 2014
15:16 EDTLOWNotable companies reporting before tomorrow's open
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13:21 EDTLOWEarnings Preview: Lowe's trading higher ahead of Q2 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its second quarter before the market open on Wednesday, August 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.02 on revenue of $16.55B, according to First Call. The consensus range for EPS is 96c-$1.06 on revenue of $16.16B-$16.79B. LAST QUARTER: Lowe's reported first quarter EPS of 61c, beating analyst's estimates of 60c, on revenue of $13.4B against estimates for $13.86B. The company also reported Q1 same-store sales rose 0.9%. Lowe's raised its fiscal year 2014 EPS guidance to approximately $2.63 from $2.60 against estimates at that time for $2.62 and said it expects revenue up 5% in this fiscal year compared to last. Lowe's said it expected to open 10 home improvement and 5 hardware stores in 2014 and expects its FY14 SSS to increase approximately 4%. The company expects to repurchase $3.4B of stock this fiscal year. NEWS: During the quarter, Lowe's named Paul Ramsay as Chief Information Officer. The company also raised its quarterly dividend 27.8% to 23c per share. STREET RESEARCH: Deutsche Bank lowered its estimates for both Lowe's and Home Depot (HD) after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Morgan Stanley initiated Lowe's with an Equal Weight rating and $50 target in June. Canaccord downgraded Lowe's to Sell from Hold due to slowing housing momentum, management changes, and difficult competition. PRICE ACTION: Over the last three months, Lowe's shares are up almost 14%. In morning trading ahead of tomorrow's report, Lowe's is up nearly 3% to $51.89.
11:41 EDTLOWHome Depot rises as results beat estimates, company raises guidance
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08:01 EDTELONEchelon announces Lumewave acquisition
Echelon announced that it has acquired Lumewave. Echelon will sell the Lumewave products, which include individual lighting controllers, gateways, and management and maintenance software, and will incorporate Lumewave’s established sales channels in North America into its existing channels worldwide. Terms of the transaction were not disclosed.
August 18, 2014
11:25 EDTLOWEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
06:44 EDTCHKNatural gas companies worried about regulatory outlook, The Hill says
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06:24 EDTLOWOptions expected to be active
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August 17, 2014
13:30 EDTCSCredit Suisse played role in Banco Espírito Santo demise, WSJ says
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August 15, 2014
12:39 EDTAOLOn The Fly: Midday Wrap
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11:45 EDTAOLVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTAOLVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
10:01 EDTPRGOOn The Fly: Analyst Upgrade Summary
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07:22 EDTPRGOPerrigo upgraded at B. Riley
As previously reported, B. Riley upgraded Perrigo to Buy from Neutral. The firm upgraded shares following the better than expected Q4 report and guidance and said it expects a return to consistent financial performance.
06:04 EDTPRGOPerrigo upgraded to Buy from Neutral at B. Riley
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