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Stock Market & Financial Investment News

News Breaks
November 26, 2012
10:00 EDTHMC, WAIR, HMA, CHS, AGU, HNZ, VRSN, CCK, AKZOY, ARO, ILMN, MCD, CYH, BLLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Neutral from Buy at Janney Capital... Agrium (AGU) downgraded to Neutral from Overweight at Atlantic Equities... AkzoNobel (AKZOY) downgraded to Sell from Neutral at Citigroup... Ball (BLL) downgraded to Hold from Buy at Deutsche Bank... Chico's FAS (CHS) downgraded to Market Perform from Outperform at FBR Capital... Community Health (CYH) downgraded to Neutral from Outperform at RW Baird... Crown Holdings (CCK) downgraded to Hold from Buy at Deutsche Bank... Health Management (HMA) downgraded to Neutral from Outperform at RW Baird... McDonald's (MCD) downgraded to Neutral from Buy at Lazard Capital... Vanguard Health (VHS) downgraded to Neutral from Outperform at RW Baird... VeriSign (VRSN) downgraded to Equal Weight from Overweight at First Analysis... Wesco Aircraft (WAIR) downgraded to Underperform from Buy at BofA/Merrill... Illumina (ILMN) downgraded to Neutral from Outperform at RW Baird... Heinz (HNZ) downgraded to Hold from Buy at Stifel Nicolaus... Honda (HMC) downgraded to Neutral from Outperform at Macquarie.
News For ARO;AGU;BLL;AKZOY;CHS;CYH;CCK;HMA;MCD;VRSN;WAIR;ILMN;HNZ;HMC From The Last 14 Days
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August 26, 2015
16:12 EDTILMNIllumina initiated with a Buy at Cantor
Target $265.
13:42 EDTHMCTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTHMCTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:25 EDTCHSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
07:32 EDTCHSChico's reports Q2 pre-tax restructuring and strategic charges of $16.2M
For the second quarter of fiscal 2015, in connection with the Plan, the Company determined that certain Boston Proper intangibles were impaired and recorded $66.9 million in pre-tax, non-cash goodwill and trade name impairment charges ("Impairment Charges"), comprised of $48.9 million related to goodwill and $18.0 million related to the trade name. On an after-tax basis, second quarter Impairment Charges were $47.1M, or 33c per share.
07:31 EDTCHSChico's reports Q2 adjusted EPS 25c, consensus 22c
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07:28 EDTILMNIllumina added to Focus List at Citi
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06:18 EDTMCDMcDonald's customization kiosks fail to reach drive-thru customers, QSR reports
McDonald's' new "Create Your Taste" kiosks in all its franchises, allowing for customers to customize their orders, may present a problem since they can only be accessed from inside the restaurants, and McDonald's allegedly receives as much as 70% of its sales from the drive-thru, QSR Magazine reports. The expensive new kiosks are expected to cost franchises between $100,000-$150,000 to install, the report says. "At a cost of $100,000-$150,000 per restaurant to implement, it has a limited upside," Richard Adams, a former McDonald's franchisee, told QSR. "I think this is more a stunt to appeal to Wall Street investors instead of being practical for the restaurant operator." Reference Link
August 25, 2015
15:00 EDTCHSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Chico's (CHS), consensus 22c... Express (EXPR), consensus 16c... Abercrombie & Fitch (ANF), consensus (4c).
14:31 EDTCHSChico's volatility elevated into Q2 and outlook
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09:26 EDTCYHRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.
07:07 EDTAROAeropostale August weekly volatility elevated into Q2 and outlook
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05:09 EDTILMNIllumina enters oncology collaboration with Burning Rock
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August 24, 2015
08:29 EDTILMNWilliam Blair to hold a field trip
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August 21, 2015
18:42 EDTHMCNHTSA launches probe into 2008 Honda Accord air bag controller, Reuters says
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12:17 EDTAGUDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
10:02 EDTHMCHome Depot, Honda Power Equipment expand supply partnership
Honda Power Equipment, a division of American Honda Motor Co. (HMC), and marketer of a comprehensive range of outdoor power equipment, announced today the expansion of its partnership with The Home Depot (HD). Beginning September 1, a number of Honda generator models will be sold at The Home Depot's top 300 U.S. PRO Desk locations, a specialized area of the store dedicated to the product and service needs of the professional contractor.
06:45 EDTMCDMcDonald's accused of mistreating employees in Brazil, Reuters says
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06:11 EDTMCDMcDonald's signs franchise deal with Russia's GiD, Reuters reports
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August 20, 2015
09:57 EDTAGUAgrium management to meet with Canaccord
Meeting to be held in Winnipeg, Canada on August 20.
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