New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
17:06 EDTARMKARAMARK files to sell 20M shares of common stock for holders
News For ARMK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 27, 2015
09:25 EDTARMKAramark to host investor day
Subscribe for More Information
November 19, 2015
08:51 EDTARMKAramark turnaround thesis on track, says Baird
Baird said the turnaround thesis for Aramark is on track, noting the company beat Q4 earnings expectations. The firm cited management's internal realignment actions as well as stronger margins. Baird reiterated its Outperform rating and $37 price target on Aramark shares.
07:59 EDTARMKAramark guidance better than feared, says Wells Fargo
After Aramark provided roughly in-line fiscal 2016 guidance, Wells Fargo thinks that the guidance was probably better than feared, since the stock had dropped 12% over the last three months on worries about labor costs and adverse foreign exchange fluctuations, according to the firm. Wells continues to believe that the company's margin and multiple will expand in fiscal 2016. It keeps an Outperform rating on the shares.
November 18, 2015
12:33 EDTARMKOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory and have moved higher throughout the morning. All eyes continue to be fixed on Paris and successful police action in a raid of the dwellings of suspects from the bombing over the weekend may have added to today's positive sentiment. There was little help from the day's economic data, however, as the housing starts report for October came in with the lowest reading in seven months and the energy inventories data showed another buildup in crude. ECONOMIC EVENTS: In the U.S., housing starts fell 11.0% to a 1.06M pace in October, weaker than the expected rate of 1.16M. Building permits, however, rose 4.1% to a 1.15M rate, versus an expected rise of 3.8%. The day's big economic event may be yet to come, as investors await the minutes from the Fed's last FOMC meeting, which are scheduled for release at 2:00 pm ET. COMPANY NEWS: Shares of Target (TGT) fell more than 5% after the retailer reported in-line quarterly sales and profits and narrowed the range of its fiscal year earnings view. Target, which guided for same-store sales in its holiday quarter to be up 1%-2%, added that it sees "indications of heavy inventory levels" at some competitors into the holiday season... Shares of railroad operator Norfolk Southern (NSC) spiked in the after-hours trading after rival Canadian Pacific (CP) announced that it had sent an offer letter proposing a business combination, but failed to outline the details of its proposal. Norfolk Southern then confirmed Canadian Pacific to acquire the company for $46.72 in cash and a fixed exchange ratio of 0.348 Canadian Pacific shares per Norfolk share, calling the indication of interest "unsolicited, low-premium, non-binding and highly conditional." CNBC's David Faber, citing sources, subsequently reported that Norfolk Southern has no interest in pursuing a merger, but Norfolk shares remain up more than 6% early this afternoon, while Canadian Pacific is up nearly 6% as well... Shares of Apple (AAPL) climbed about 3% after Goldman Sachs added the stock to its Conviction Buy List, predicting that investors should begin to focus on the company's monetization and recurring revenue opportunities over the next year, which would be a boon to its valuation. MAJOR MOVERS: Among the notable gainers was Aramark (ARMK), which rallied 8% after it reported upbeat quarterly earnings and guided for fiscal 2016. Also higher was Fairchild Semicondcutor (FCS), which gained 8.5% after it agreed to be acquired for approximately $2.4B by ON Semiconductor (ON), which fell 8% following the deal announcement. Another noteworthy losers was Qualcomm (QCOM), which fell nearly 10% after it said that allegations from Korea's FTC that the company did not properly negotiate "aspects" of its licenses are "not supported by the facts." Also lower was Staples (SPLS), which was down 4% after it reported Q3 earnings and provided an earnings outlook for Q4. INDEXES: Near midday, the Dow was up 132.98, or 0.76%, to 17,622.48, the Nasdaq was up 43.00, or 0.86%, to 5,029.01, and the S&P 500 was up 15.62, or 0.76%, to 2,066.06.
07:32 EDTARMKAramark sees FY16 adjusted EPS $1.65-$1.75, consensus $1.68
Subscribe for More Information
07:32 EDTARMKAramark increases quarterly dividend by 10% to 9.5c
Subscribe for More Information
07:31 EDTARMKAramark reports Q4 adjusted EPS 44c, consensus 39c
Reports Q4 revenue $3.55B, consensus $3.58B.
November 17, 2015
15:13 EDTARMKNotable companies reporting before tomorrow's open
Subscribe for More Information
November 16, 2015
15:53 EDTARMKJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use