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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:00 EDTAPO, MUSA, IPAS, GASS, OAK, GPS, KKR, CG, BX, LBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Apollo Global (APO) initiated with a Hold at Deutsche Bank... Blackstone (BX) initiated with a Buy at Deutsche Bank... Carlyle Group (CG) initiated with a Buy at Deutsche Bank... Gap (GPS) initiated with a Buy at Buckingham... KKR (KKR) initiated with a Hold at Deutsche Bank... Oaktree Capital (OAK) initiated with a Buy at Deutsche Bank... StealthGas (GASS) initiated with a Buy at Maxim... iPass (IPAS) initiated with a Buy at Chardan... Murphy USA (MUSA) initiated with a Market Perform at Raymond James... L Brands (LB) initiated with a Neutral at Buckingham.
News For APO;BX;CG;KKR;GPS;OAK;GASS;IPAS;MUSA;LB From The Last 14 Days
Check below for free stories on APO;BX;CG;KKR;GPS;OAK;GASS;IPAS;MUSA;LB the last two weeks.
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September 10, 2014
06:19 EDTLBL Brands upgraded to Outperform from Neutral at Credit Suisse
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September 9, 2014
08:23 EDTKKRU.S. Treasury Dept and U.S. Transportation Dept to co-host a summit
Infrastructure Investment Summit to be held in Washington, D.C. on September 9 with webcasted presentations to begin at 8:30 am. Webcast Link
September 8, 2014
18:31 EDTIPASOn The Fly: After Hours Movers
UP AFTER EARNINGS: Casey's General Stores (CASY), up 3.6%... Korn/Ferry (KFY), up 2.8%. ALSO HIGHER: Annies (BNNY), up 37.3% after General Mills (GIS) announced it will acquire the company for $46 per share... General Mills is trading just under 1% higher... Following the Annies/General Mills announcement, Hain Celestial Group (HAIN) is 3.6% higher, WhiteWave Foods (WWAV) is up 6.3%, and Boulder Brands (BDBD) is up 8.7%... iPass (IPAS), up 35.1% after announcing that it is exploring strategic alternatives... CTI BioPharma (CTIC), up 8.1% after being initiated with an Overweight at Piper Jaffray... Threshold Pharmaceuticals (THLD), up 5% after being initiated with a Buy at Cantor. DOWN AFTER EARNINGS: Pep Boys (PBY), down 6.7% following second quarter miss. ALSO LOWER: Pinnacle Foods (PF), down 3.7% after filing an automatic common stock shelf and announcing the sale of 15M shares of common stock for holders... Physicians Realty Trust (DOC), down 4.9% after offering 9M common shares.
17:22 EDTIPASiPass up 28% in after hours following exploration of strategic alternatives
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16:17 EDTIPASiPass to explore strategic alternatives
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10:06 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:18 EDTGPSGap downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Gap to Underperform based on expectations it will miss full year guidance and consensus expectations. The firm said lower than expected August comps due not bode well for turnaround and lowered its full year EPS estimate to $2.85 from $2.96, vs. guidance of $2.95-$3.00.
06:00 EDTCGCarlyle Group closes Carlyle Asia Partners IV fund
Carlyle Group announced the final close of Carlyle Asia Partners IV at $3.9B, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments in well established companies across the Asia ex-Japan region. The final close of CAP IV, which exceeded its target of $3.5B, brings the firm’s assets under management in Asia funds, including Japan, to $13.6B across its buyout, growth, RMB and real estate funds. Reference Link
05:51 EDTKKRKKR announces ownership of Papresa
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September 5, 2014
17:55 EDTGPSGap valuation 'enticing' despite sales drop, Barrons contends
Following Gap's unexpected August SSS drop, shares fell by more than 5% which creates a buying opportunity for the stock, according to Barron's 'Barron's Take' column. Barron's believes share buybacks and effective cost control can help Gap meet its earnings forecasts. Reference Link
16:45 EDTGPSMarket ends week little changed after mixed economic data
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16:25 EDTGPSOn The Fly: Closing Wrap
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12:57 EDTGPSOn The Fly: Midday Wrap
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12:19 EDTGPSGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
10:05 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:17 EDTGPSGap downgraded at Buckingham
As noted earlier, Buckingham downgraded Gap to Neutral from Buy. The firm says that weaker than expected August comparative sales at the company's Gap brand is causing it to question its previous forecast for comps to recover in the seocnd half of the year. The firm expects the shares to remain range bound until the sales of the Gap brand improve. Target $46.
09:16 EDTGPSOn The Fly: Pre-market Movers
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08:00 EDTGPSGap volatility is expected to move following disappointing August comps
Gap volatility is expected to move following disappointing August comps. Overall option implied volatility of 23 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement.
07:50 EDTGPSGap downgraded to Neutral from Buy at Buckingham
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07:42 EDTGPSGap weakness a buying opportunity, says UBS
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