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Stock Market & Financial Investment News

News Breaks
May 30, 2014
10:40 EDTPANW, GES, DB, KERX, BIG, EXPR, RMTI, VEEV, ANF, ARUNOptions with decreasing implied volatility
Options with decreasing implied volatility: ARUN RMTI KERX ANF EXPR DB VEEV BIG PANW GES
News For ARUN;RMTI;KERX;ANF;EXPR;DB;VEEV;BIG;PANW;GES From The Last 14 Days
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December 5, 2014
08:22 EDTBIGBig Lots expects to see double digit drops in electronics in Q4
08:16 EDTEXPRExpress price target lowered to $16 from $20 at BMO Capital
BMO Capital cut its price target on Express after the company reduced its Q4 guidance. However, the firm thinks the company's outlet continues to exceed expectations, while its spring product is seeing signs of improvement. The firm adds that the company has easier comparisons in 2015, giving it the opportunity to post positive comp sales. BMO keeps an Outperform rating on the shares.
08:13 EDTBIGBig Lots plans to open 24 new stores and close 57 US stores in 2015
Encouraged by start in November where comps up by 2%. The company, however, said Thanksgiving and Black Friday results down from prior year. Believes January has opportunity in food, furniture and home. Comments taken from Q3 earnings conference call.
06:05 EDTBIGBig Lots backs FY14 EPS view of $2.40-$2.50, consensus $2.49
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06:04 EDTBIGBig Lots raises high-end of Q4 EPS view to $1.70-$1.80 from $1.70-$1.76
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06:01 EDTBIGBig Lots reports Q3 EPS (6c), consensus (5c)
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December 4, 2014
15:18 EDTBIGNotable companies reporting before tomorrow's open
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12:22 EDTEXPROn The Fly: Midday Wrap
Stocks on Wall Street began the session slightly lower despite relatively in-line jobless claims data, as European markets moved down following a rate decision and accompanying commentary from ECB President Mario Draghi. Adding to the modest pressure seen in morning trading may be the fact that oil prices continue to move lower. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 17K to 297K in the week ended November 29, which was nearly in-line with the expectation for 295K first-time claims. Challenger reported announced layoffs fell 15.2K in November to 35.9K. In Europe, the European Central Bank kept its key rates unchanged, as expected. ECB President Mario Draghi said in his accompanying press conference that the latest euro area macroeconomic projections indicate lower inflation, accompanied by weaker real GDP growth and subdued monetary dynamics. Additionally, he stated that early next year the Governing Council will reassess the monetary stimulus achieved, the expansion of the balance sheet and the outlook for price developments. "Should it become necessary to further address risks of too prolonged a period of low inflation, the Governing Council remains unanimous in its commitment to using additional unconventional instruments within its mandate. This would imply altering early next year the size, pace and composition of our measures," Draghi said. COMPANY NEWS: Shares of Barnes and Noble (BKS) slid about 10% after the company reported lower than expected second quarter earnings and said it continues to expect both Retail comparable bookstore sales and Retail Core comparable bookstore sales to decline in the low-single digits this fiscal year. Additionally, Barnes & Noble and Microsoft (MSFT) agreed to terminate their commercial agreement and B&N agreed to acquire Microsoft's entire preferred interest in NOOK Media in exchange for $62.4M cash and 2.74M shares of its stock. MAJOR MOVERS: Among the notable gainers was Hawaiian Electric (HE), which jumped 16% after its board approved a plan to spin off ASB Hawaii, the parent company for American Savings Bank, and establish it as an independent publicly traded company and NextEra Energy (NEE) agreed to acquire the company, excluding the banking subsidiary. Array BioPharma (ARRY) rose 15% after announcing it has reached a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib, a MEK inhibitor in three Phase 3 trials, which Piper Jaffray called a "big win" for the company. Among the noteworthy losers was UTi Worldwide (UTIW), which fell 11.5% after confirming that exploratory conversations have taken place with DSV, but adding those discussions never progressed beyond a preliminary stage and that no talks are currently taking place. Also lower were shares of Express (EXPR), which declined over 9% after the apparel retailer reported lower than expected Q3 revenue and gave EPS guidance that fell short of estimates. INDEXES: Near midday, the Dow was down 53.56, or 0.3%, to 17,859.06, the Nasdaq was down 2.80, or 0.06%, to 4,771.67, and the S&P 500 was down 5.49, or 0.26%, to 2,068.84.
11:34 EDTGESGuess sinks to 52-week low after cutting fiscal 2015 outlook
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10:36 EDTRMTIOptions with increasing implied volatility
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10:27 EDTGESGuess falls after results and outlook, levels to watch
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10:24 EDTANFOptions with decreasing implied volatility: AVNR ASNA ANF AVGO PVH
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09:23 EDTEXPROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Avago (AVGO), up 7.2%... Kroger (KR), up 3.1%... Rite Aid (RAD), up 3.1%... Sears Holdings (SHLD), up 2.3%. ALSO HIGHER: Array Biopharma (ARRY), up 24% after reaching a definitive agreement with Novartis (NVS) to regain full worldwide rights to binimetinib... Hawaiian Electric (HE), up 13.5% following merger announcement with NextEra Energy (NEE)... SinoCoking Coal (SCOK), up 14.2% after beginning construction of second aboveground Syngas facility... Plug Power (PLUG), up 12.3% after announcing $20M ReliOn fuel cell contract... Mobileye (MBLY), up 3.4% after being upgraded to Buy from Hold at Deutsche Bank... CTI BioPharma (CTIC), up 3.6% following $15M payment from Teva for TRISENOX... TASER (TASR), up 3% after receiving multiple orders of AXON body cameras. DOWN AFTER EARNINGS: Barnes & Noble (BKS), down 7.6%... Express (EXPR), down 11.3%... Toronto-Dominion Bank (TD), down 1.4%... Toro Company (TTC), down 1.1%... Aeropostale (ARO), down 14.1%. ALSO LOWER: Kindred Biosciences (KIN), down 29.3% after announcing that it will discontinue its AtoKin study... UTi Worldwide (UTIW), down 13% after saying that there are no current talks with DSV A/S... Agree Realty (ADC), down 3.7% after 2.1M share Spot Secondary priced at $29.90.
07:41 EDTKERXKeryx issued new U.S. patent for Auryxia
Keryx Biopharmaceuticals announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 8,901,349 on December 2. The patent, which expires in 2024, claims a method of treating hyperphosphatemia comprising administering a therapeutically effective amount of an orally administrable form of ferric citrate to a subject, wherein the orally administrable form is prepared from a ferric citrate having a BET active surface area greater than about 16 sq. m/g. The patent also claims a broad category of orally administrable forms covering Auryxia, as well as other oral formulations that could be developed in the future. On September 5, Auryxia was approved by the FDA for the control of serum phosphorus levels in patients with chronic kidney disease on dialysis. This newly issued patent further enhances the company's key patent family, which includes U.S. Patent Nos. 7,767,851, 8,299,298, 8,338,642, 8,609,896, 8,754,257, 8,754,258, and 8,846,976 which expire in 2024, and U.S. Patent No. 8,093,423, which expires in 2026, before patent term extension. Each of these patents contains composition and method of use claims covering Auryxia.
07:17 EDTPANW, ARUNFBR Capital to hold a bus tour
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07:04 EDTEXPRExpress sees FY14 EPS 69c-76c, consensus 89c
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07:03 EDTEXPRExpress sees Q4 EPS 38c-45c, consensus 60c
Sees Q4 comparable sales in negative mid to high single digits. Sees Q4 effective tax rate of approximately 40%. Sees Q4 net interest expense of approximately $6M.
07:02 EDTEXPRExpress reports Q3 comparable sales down 5%
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07:02 EDTEXPRExpress reports Q3 EPS 17c, consensus 16c
Reports Q3 revenue $497.61M, consensus $499.74M
06:48 EDTPANWSony denies North Korea identified as source of hack, NY Times says
Sony's (SNE) Sony Pictures unit said Re/code's report which stated that North Korea had been identified as the source of the cyber attack on the unit was not accurate, according to The New York Times. Sony Pictures and the FBI are continuing to identify the incident, the newspaper added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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