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Stock Market & Financial Investment News

News Breaks
August 30, 2013
16:42 EDTAPA, LCC, AAMRQ, CRM, SPLK, KKD, PSUNOn The Fly: Closing Wrap
Stocks on Wall Street were lower as each of the major indexes finished the month with losses, lead by the Dow and S&P, which each lost more than 3% in August. The averages drifted lower for the beginning of the session, turning more volatile after statements regarding Syria were made by both U.S. Secretary of State John Kerry and President Obama, with the indexes closing off their worst levels of the session. ECONOMIC EVENTS: In the U.S., consumer spending rose less than forecast in July as income growth slowed. Personal income in the month rose 0.1%, versus the expected increase of 0.2%, while personal spending rose 0.1%, versus an expected 0.3% increase. The Chicago ISM rose 0.7 points to 53.0 in August, matching the forecast of analysts. The final August reading of the University of Michigan Consumer Sentiment survey was revised up to 82.1, which was higher than the preliminary August estimate of 80.0, but lower than July?s reading of 85.1. COMPANY NEWS: Shares of energy explorer Apache (APA) rose $7.04, or 8.95%, to $85.68 after the company last night announced a deal to sell a 33% stake in its Egyptian business to China's Sinopec for $3.1B in cash. A number of analysts reacted positively to the news, notably RBC Capital, which upgraded the stock to Outperform from Sector Perform... A federal judge set a November 25 trial date in the U.S. Justice Department's challenge to the proposed merger between US Airways (LCC) and American Airlines parent AMR Corp. (AAMRQ). MAJOR MOVERS: Among the notable gainers was cloud software company salesforce.com (CRM), up $5.48, or 12.55%, to $49.13 after beating second quarter estimates and raising its full year 2014 outlook. Also higher following a better-than-expected earnings report was another software company, Splunk (SPLK), which gained $6.29, or 12.86%, to $55.21, as the stock was also upgraded at FBR Capital. Among the noteworthy losers were shares of doughnut maker Krispy Kreme (KKD), down $3.51, or 15.11%, to $19.72 after its earnings and guidance missed expectations. Also lower was teen retailer Pacific Sunwear (PSUN), down 66c, or 16.84%, to $3.26, which reported an in-line second quarter but gave an earnings and revenue outlook for the third quarter that fell short of estimates. INDEXES: The Dow was down 30.64, or 0.21%, to 14,810.31; the S&P 500 was down 5.20, or 0.32%, to 1,632.97; the Nasdaq was down 30.43, or 0.84%, to 3,589.87.
News For APA;LCC;AAMRQ;CRM;SPLK;KKD;PSUN From The Last 14 Days
Check below for free stories on APA;LCC;AAMRQ;CRM;SPLK;KKD;PSUN the last two weeks.
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September 19, 2014
10:48 EDTCRMOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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September 17, 2014
16:06 EDTKKDKrispy Kreme boosts repurchase program to $105M from $80M
Krispy Kreme Doughnuts announced that its board has increased the company’s current share repurchase program from $80M to $105M. The current authorization was originally approved in July 2013, and was increased from $50M to $80M earlier this year. Including the increase announced today, there is approximately $50M remaining for future purchases under the program.
September 16, 2014
13:59 EDTAPAApache looking to raise up to $840M for Alberta assets, The Globe and Mail says
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September 15, 2014
16:32 EDTCRMSalesforce.com assumed with an Outperform at RBC Capital
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07:24 EDTCRMTech leaders concede need to address privacy, security concerns, FT says
Prominent start-up investor and Facebook (FB) director Peter Thiel said a "crescendo of concern is building up in Europe" about the U.S. tech industry's record on online privacy and security, which Silicon Valley is underestimating "badly,” though Google (GOOG) chairman Eric Schmidt tech companies "are way sensitive" to the concerns, reported Financial Times. The same report noted that Brad Smith, general counsel of Microsoft (MSFT), said some in the industry have "underestimated the degree to which people care about privacy,” while Salesforce.com (CRM) CEO Marc Benioff said consumer Internet companies have “paid a terrible price” for imposing a U.S.-centric view of their technology. Reference Link
06:23 EDTCRMCisco says Salesforce.com CEO Benioff to step down from board
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September 11, 2014
08:44 EDTKKDKrispy Kreme sales, margins should improve in 2H14, says Roth Capital
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September 10, 2014
09:22 EDTKKDOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
09:06 EDTAPAEgypt signs two oil exploration deals with Apache, Reuters reports
Egypt's state news agency MENA reported that the country signed two oil exploration deals worth at least $44M with Apache, reported Reuters. Reference Link
05:38 EDTCRMSalesforce.com signs agreement to establish data center in France
Salesforce.com (CRM) announced that it has signed an agreement to establish a new European Data Centre in France, selecting Interxion (INXN) as its service provider. The new data centre in France is one of three planned for Europe and will support the company's growing base of customers across the region. Salesforce.com's European Data Centre in France will be powered 100% by renewable energy sources.
September 9, 2014
18:31 EDTKKDOn The Fly: After Hours Movers
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16:14 EDTKKDKrispy Kreme down 7% following Q2 results, guidance
16:10 EDTKKDKrispy Kreme backs FY15 adjusted EPS view 69c-74c, consensus 73c
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16:09 EDTKKDKrispy Kreme reports Q2 adjusted EPS 13c, consensus 16c
Reports Q2 revenue $120.5M, consensus $118.13M. Systemwide domestic same store sales rose 2.8%, including a 1.1% gain at company shops; constant currency international franchise same store sales declined 2.4%. Systemwide store count rose 3.4% in the quarter - 6.8% year-to-date, to 884 company and franchise shops worldwide.
15:34 EDTKKDKrispy Kreme September 18 straddle priced for 10% move into Q2
15:30 EDTKKDNotable companies reporting after market close
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11:30 EDTCRMSalesforce.com issues security alert on Dyre malware
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