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Stock Market & Financial Investment News

News Breaks
December 18, 2012
12:28 EDTGALE, NLSN, RGR, ARB, GTAT, SWHCOn The Fly: Midday Wrap
Stocks on Wall Street were markedly higher at midday as optimism surrounding the fiscal cliff negotiations continues to spur buying. Investors have been paying less attention to recent economic reports to focus instead on the fiscal cliff, as demonstrated by the NAHB Housing Market index prompting little reaction, despite its highest reading since April 2006. The averages moved to session highs following comments from both sides of Washington's negotiating table that they hope a deal can still be reached... ECONOMIC EVENTS: In the U.S., the National Association of Home Builders index of builder confidence increased to 47, as was forecast. Also, the current-account deficit in the U.S. narrowed in the third quarter to $107.5B from a $118.1B shortfall in the prior quarter. Economists expected the deficit would narrow to about $103B... COMPANY NEWS: Gunmakers Smith & Wesson (SWHC) and Sturm, Ruger (RGR) continued their recent weakness as a Wall Street Journal cover story highlighted some of the ways American companies are distancing themselves from guns and their makers amid a public outcry in the aftermath of last week's tragedy in Connecticut. Among the recent developments underscored was the decision from private equity firm Cerberus Capital Management to put gunmaker Freedom Group up for sale... MAJOR MOVERS: Among the notable gainers was Arbitron (ARB), up over 23% after agreeing to be bought by Nielsen (NLSN) for $48 per share in cash. Shares of acquirer Nielsen also rose about 3%. Among the noteworthy losers was Galena Biopharma (GALE), down 17% after it sold common stock and warrants to purchase additional shares in a public offering. Also lower was GT Advanced Technologies (GTAT), which was downgraded at Raymond James and Stifel Nicolaus and saw its shares slide more than 12% after issuing guidance well below Street expectations... INDICES: Near noon, the Dow was up 83.20, or 0.63%, to 13,318.59; the Nasdaq was up 33.89, or 1.13%, to 3,044.49; and the S&P 500 was up 11.60, or 0.81%, to 1,441.96.
News For ARB;NLSN;SWHC;RGR;GALE;GTAT From The Last 14 Days
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March 4, 2015
12:28 EDTSWHCOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory but have paired their losses near midday. There was little reaction to the day’s economic data, which were highlighted by private payrolls growth that was a bit lower than expected and a crude oil inventory build-up that was much greater than expected. Investors are now looking forward to this afternoon, when the Federal Reserve will release its Beige Book report at 2:00 pm EST. ECONOMIC EVENTS: In the U.S., ADP reported private payrolls increased 212K in February, versus the consensus forecast for the addition of 219K jobs. Markit's services PMI rose to 57.1 in the final February reading, which was up from the 57.0 flash print, where it was expected to remain. ISM's services index edged up 0.2 points to 56.9 in February, which was above the consensus 56.5 forecast. In Asia, the biggest news came from India, whose central bank unexpectedly lowered its policy rate for the second time this year. The bank lowered its policy repo rate by 25 basis points to 7.5%, citing "low capacity utilization and still-weak indicators of production" for its pre-emptive policy action. COMPANY NEWS: Shares of a number of hospital operators' stocks jumped after U.S. Supreme Court Justice Anthony Kennedy expressed skepticism about the arguments from challengers' of a key component of the Affordable Care Act. At midday, after the high court ceased hearing arguments for the day, HCA Holdings (HCA) was up over 5.5%, Community Health (CYH) was up 5%, and Tenet Healthcare (THC) was up 4%... Exxon Mobil (XOM) stated at its analyst meeting that the company's capital expenditures came in $1.3B below plan at $38.5B last year and that it plans to cut that to $34B in 2015 based on expectations for reduced Upstream spending and "attractive" Downstream and Chemical investments. For 2016 to 2017, Exxon said it expects capital expenditures to average less than $34B per year. Despite the lower spending, Exxon Mobil sees its total Upstream production to be up 2% in 2015 and grow 3% per year in 2016 and 2017. MAJOR MOVERS: Among the notable gainers following their earnings reports were online-only home goods retailer Wayfair (W), which rose 15% and gunmaker Smith & Wesson (SWHC), which advanced over 10%. Among the noteworthy losers following their earnings reports were Bazaarvoice (BV), which fell 28%, and Abercrombie & Fitch (ANF), which dropped 13%. Also lower were shares of Bob Evans Farms (BOBE), which sunk 22% after its third quarter results fell below analysts' consensus estimates, the company lowered its fiscal year 2015 profit outlook and announced it would not pursue a sale or spin-off of its BEF Foods segment. INDEXES: Near midday, the Dow was down 87.26, or 0.48%, to 18,116.11, the Nasdaq was down 9.46, or 0.19%, to 4,970.44, and the S&P 500 was down 8.51, or 0.4%, to 2,099.27.
11:07 EDTNLSNNielsen confirms purchse of online ad technology company eXelate
Nielsen confirmed that it has completed its acquisition of eXelate, a provider of data and technology to facilitate the buying and selling of advertising across programmatic platforms. This acquisition allows Nielsen to enable its clients to make better and faster marketing and media decisions, the company stated. The Wall Street Journal reported earlier, citing people familiar with the matter, that eXelate was purchased for approximately $200M.
10:46 EDTNLSNNielsen acquires eXelate for $200M, WSJ reports
Nielsen has acquired eXelate,a company focused on helping digital advertisers target online advertising, for approximately $200M, Wall Street Journal reports, citing people familiar with the matter as the terms were not disclosed. Reference Link
10:06 EDTSWHCOptions with decreasing implied volatility
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09:08 EDTSWHCOn The Fly: Pre-market Movers
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08:43 EDTSWHCSmith & Wesson results suggest firearm demand has increased, says Cowen
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07:21 EDTNLSNMorgan Stanley to hold a conference
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March 3, 2015
18:33 EDTSWHCOn The Fly: After Hours Movers
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16:35 EDTSWHCSmith & Wesson rallies sharply after results, levels to watch
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16:11 EDTSWHCSmith & Wesson reports Q3 firearm division net sales down 14.7% to $124.5M
Reports Q3 accessories division net sales $6.1M.
16:10 EDTSWHCSmith & Wesson sees FY15 EPS 87c-89c, consensus 70c
Sees FY15 revenue $532M-$536M, consensus $526.89M.
16:09 EDTSWHCSmith & Wesson sees Q4 EPS 29c-31c, consensus 25c
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16:08 EDTSWHCSmith & Wesson reports Q3 adjusted EPS 20c, consensus 11c
Reports Q3 revenue $130.6M, consensus $123.32M.
15:20 EDTSWHCNotable companies reporting after market close
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March 2, 2015
09:33 EDTNLSNNielsen 8M share Spot Secondary priced at $45.05
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07:21 EDTNLSNNielsen files to sell 8M shares for Valcon Acquisition Holding
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February 27, 2015
07:21 EDTSWHCSmith & Wesson March volatility elevated into O3 and outlook
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February 25, 2015
17:07 EDTRGRSturm, Ruger reports adjusted Q4 EPS 53c, consensus 40c
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10:12 EDTRGRHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
February 20, 2015
06:51 EDTNLSNNielsen files automatic mixed securities shelf
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