New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2013
10:00 EDTGARS, HMTV, TRNO, TJX, ARUN, HAWK, CUI, WRB, FR, RNR, BIOL, HRB, ROST, LSEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aruba Networks (ARUN) initiated with a Neutral at BofA/Merrill... CapLease (LSE) initiated with a Buy at MLV Equity... First Industrial Realty (FR) initiated with a Buy at MLV Equity... Ross Stores (ROST) initiated with an Outperform at Cowen... TJX (TJX) initiated with an Outperform at Cowen... Terreno Realty (TRNO) initiated with a Buy at MLV Equity... W. R. Berkley (WRB) initiated with a Neutral at Compass Point... H&R Block (HRB) initiated with a Buy at Sidoti.... CUI Global (CUI) initiated with a Buy at Craig-Hallum... Hemisphere Media (HMTV) initiated with a Buy at Maxim... BIOLASE (BIOL) coverage assumed with a Buy at Ascendiant Capital... Blackhawk (HAWK) initiated with an Underperform at Wedbush... Garrison Capital (GARS) initiated with a Neutral at Janney Capital... RenaissanceRe (RNR) initiated with an Outperform at JMP Securities.
News For ARUN;LSE;FR;TJX;ROST;WRB;TRNO;HRB;CUI;HMTV;BIOL;HAWK;GARS;RNR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 26, 2015
07:59 EDTHRBH&R Block price target raised to $38 from $35 at Oppenheimer
Subscribe for More Information
August 24, 2015
09:45 EDTROSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
07:34 EDTROSTRoss Stores upgraded to Buy from Neutral at Buckingham
August 21, 2015
11:24 EDTHRBIntuit plummets after Q1, FY16 outlooks trail estimates
Shares of tax preparation software provider Intuit (INTU) are sinking after the company's first quarter and fiscal 2016 outlooks significantly trailed analyst's consensus estimates. WHAT'S NEW: After the close on Thursday, Intuit reported fourth quarter adjusted earnings per share of (5c) and revenue of $696M, compared to analysts' consensus estimates of (12c) and $738.98M, respectively. In the U.S., TurboTax Online units increased 11% and total TurboTax units grew 7%, excluding the Free File Alliance, the company said. Additionally, Intuit said it reached 1.075M QuickBooks Online subscribers through the end of Q4 and increased total QuickBooks online subscribers by 57% for the year. Brad Smith, Intuit's president and Chief Executive Officer said the company closed out fiscal year 2015 "on a strong note," adding that the company's small business momentum "continues to build and our QuickBooks Online ecosystem growth is accelerating." Looking ahead, Intuit said it expects Q1 adjusted EPS of (4c)-(3c) and revenue of $660M-$680M, well below analysts' consensus estimates of of 6c and $776.36M, respectively. For FY16, the company expects adjusted EPS of $3.40-$3.45 and revenue of $4.53B-$4.6B, far short of the consensus of $3.82 and $5.04B, respectively. WHAT'S NOTABLE: In its earnings release, Intuit announced its intent to divest Demandforce, QuickBase and Quicken. The divestment will help Intuit "focus on and invest in businesses that strengthen the ecosystem and align with two strategic goals: to be the operating system behind small business success, and to do the nations' taxes in the U.S. and Canada," the company said. As a result of the decision, the company said FY16 adjusted EPS will be reduced by about 10c and revenue will be reduced by approximately $250M, as the company reports these assets as discontinued operations. Separately, Intuit raised its dividend for the first quarter by 20% to 30c per share, payable on October 19. ANALYST REACTION: First Analysis analyst James Macdonald downgraded Intuit this morning to Underweight from Equal Weight. Macdonald said Intuit's small business online ecosystem has "relatively low monetization." PRICE ACTION: In late morning trading, Intuit fell $10.80, or 10.41%, to $92.23 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 5% over the past year. OTHERS TO WATCH: Other companies in the tax preparation space include Liberty Tax (TAX), up 0.16%, and H & R Block (HRB), down 1.5%.
10:02 EDTROSTHigh option volume stocks
High option volume stocks: XEO VAR AMCC XPO ROST INTU TFM BTE DXD
08:41 EDTTJX, ROSTRoss Stores shares should be bought on weakness, says Wedbush
Subscribe for More Information
07:53 EDTROSTRoss Stores weakness creates buying opportunity, says SunTrust
Subscribe for More Information
August 20, 2015
19:49 EDTROSTRoss Stores falls after Q2 results, conservative guidance
Subscribe for More Information
19:02 EDTROSTOn The Fly: After Hours Movers
Subscribe for More Information
18:51 EDTROSTRoss Stores sees Q3 revenue up 5%-6%
Subscribe for More Information
18:43 EDTROSTRoss Stores confirms guidance is conservative
Subscribe for More Information
16:11 EDTROSTRoss Stores down 6.6% after reporting Q2 results
Subscribe for More Information
16:10 EDTROSTRoss Stores sees FY15 EPS $2.40-$2.45, consensus $2.45
16:09 EDTROSTRoss Stores sees Q4 EPS 60c-63c vs. 60c in Q4 of FY14
Sees Q4 SSS flat to up 1%.
16:09 EDTROSTRoss Stores sees Q3 EPS 48c-50c, consensus 50c
Sees Q3 SSS up 1%-2%.
16:08 EDTROSTRoss Stores reports Q2 SSS up 5%
16:07 EDTROSTRoss Stores reports Q2 EPS 63c, consensus 62c
Subscribe for More Information
14:42 EDTROSTNotable companies reporting after market close
Subscribe for More Information
14:30 EDTROSTRoss Stores technical comments ahead of earnings news
The shares are trading close to life highs ahead of earnings. The trend has become somewhat parabolic which could mean a harder landing if there were to be a negative surprise. First support on the downside would be the 30-day moving average at $53.27. If there is a breakdown below that support, next levels to watch as potential downside objectives would be at $50.50 and $48.61. A move down to the latter level or lower would confirm a topping action in shares. If the news is a bullish surprise, the only resistance level remaining on the chart is the life high at $56.68. A breakout above that high would leave open a run to $60. That could leave shares further extended technically, which may not be sustainable over the longer-term.
10:28 EDTTJXOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
1 | 2 >>

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