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Stock Market & Financial Investment News

News Breaks
April 4, 2014
10:02 EDTAR, LINE, LNCO, AAP, AZO, VOD, SONC, PPL, HAS, BEN, CIE, GISOn The Fly: Analyst Downgrade Summary
Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.
News For AR;CIE;BEN;HAS;PPL;SONC;VOD;AZO;AAP;LNCO;LINE;GIS From The Last 14 Days
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July 21, 2014
06:33 EDTHASHasbro reports Q2 Boys segment sales up 32% to $335.8M
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06:32 EDTHASHasbro reports Q2 U.S. and Canada sales down 2% to $383M
Reports Q2 International sales up 17% to $396.8M; Reports Q2 Entertainment and Licensing sales up 35% to $47.7M.
06:31 EDTHASHasbro reports Q2 adjusted EPS 36c, consensus 36c
Reports Q2 revenue $829.26M, consensus $838.97M
July 18, 2014
10:38 EDTAAP, AZOAutoZone, O'Reilly drop following Stifel downgrades
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10:03 EDTAZOOn The Fly: Analyst Downgrade Summary
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07:38 EDTAZOAutoZone downgraded at Stifel
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06:06 EDTAZOAutoZone downgraded to Hold from Buy at Stifel
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July 17, 2014
16:31 EDTARAntero Resources sees meeting 2014 production guidance
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16:31 EDTARAntero Resources reports Q2 average daily gas equivalent production 891 MMcfe/d
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10:55 EDTHASMattel topples after Q2 earnings miss estimates
Shares of global toy product manufacturer Mattel (MAT), are toppling over after the company's second quarter earnings results fell below analysts' consensus. WHAT'S NEW: Mattel's reported Q2 earnings per share of 8c, which was not comparable to a consensus of 18c since the company said its EPS number included a tax benefit of 11c per share and a negative impact of 7c per share of MEGA Brands acquisition and integration costs. Excluding both of these items, EPS was 3c per share. Mattel's Q2 revenue was $1.06B, which missed analysts' consensus estimates of $1.19B. For Q2, the company reported that its Girls and Boys Brands sales were down 13%, Fisher-Price Brands sales were down 17%, American Girl Bands revenue was up 6% and revenue from its Construction and Arts & Crafts Brands was $61.6M. WHAT'S NOTABLE: During its earnings conference conference call, Mattel said that it plans to increase advertising spending in the second half of the year to build momentum for key brands. It sees improving global trends in point-of-sale but says the company still has a lot of work to do to improve those trends. As Mattel looks to the third quarter, it sees continued challenges from current headwinds. With the MEGA brands deal now closed, the company aims to improve profitability of MEGA brands on a global basis and believes the acquisition will be accretive to earnings in fiscal year 2015. It expects lower international sales and is investing heavily in markets in Russia and China. Mattel is looking to maintain gross margins in the low to mid-50% range in near term. It noted that it aims to achieve a modest increase in SG&A due to severance and ongoing growth investments, excluding the MEGA Brands acquisition. Inventory fair value adjustment related to existing MEGA Brands-owned inventory should wind down in Q3, the company said. Amortization is expected to decrease to $17M in 2015 and $9M in 2016. PRICE ACTION: Shares of Mattel are down $2.31, or 5.92%, to $36.72 in morning trading. OTHERS TO WATCH: Mattel peer Hasbro (HAS), which reports quarterly earnings on July 21, is relatively flat at $52.59. JAKKS Pacific (JAKK) is up almost 1.5% to $8.20 and and LeapFrog (LF) is up 3.02% to $7.66.
10:00 EDTAROn The Fly: Analyst Initiation Summary
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08:09 EDTARAntero Resources initiated with a Market Perform at FBR Capital
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July 16, 2014
17:36 EDTARAntero Resources initiated with a Buy at Canaccord
Target $75.
07:18 EDTVODVodafone head says unlikely interested in America Movil assets, Reuters says
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July 15, 2014
16:11 EDTARAntero Resources reports mid-year FY14 reserves up 19% to 9.1 Tcfe
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08:51 EDTGISGeneral Mills inaugurates facility in China
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08:50 EDTGISGeneral Mills expects double-digit net sales growth from Greater China this year
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July 14, 2014
14:58 EDTVODKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
08:32 EDTVODSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobili’s customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
05:51 EDTLNCOStocks with implied volatility movement; MTG LNCO
Stocks with implied volatility movement; MGIC Investment (MTG) 59, LinnCo (LNCO) 23 according to iVolatility.
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