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Stock Market & Financial Investment News

News Breaks
August 19, 2014
10:13 EDTMRKT, SAFM, OCUL, RPTP, NADL, SCL, PSG, GMED, LOCO, JAZZ, FIATY, BITA, INNL, FARO, ATHMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Autohome (ATHM) initiated with a Buy at Brean Capital... Bitauto (BITA) initiated with a Buy at Brean Capital... El Pollo Loco (LOCO) initiated with a Hold at Jefferies... FARO Technologies (FARO) initiated with an Overweight at Stephens... Fiat (FIATY) initiated with an Underperform at Credit Suisse... Globus Medical (GMED) initiated with a Buy at Gabelli... Innocoll (INNL) initiated with a Buy at Stifel... Jazz Pharmaceuticals (JAZZ) initiated with an Overweight at JPMorgan... Markit (MRKT) initiated with an Outperform at Credit Suisse... North Atlantic Drilling (NADL) initiated with a Neutral at Goldman... Ocular Therapeutix (OCUL) initiated with an Outperform at Cowen... Performance Sports Group (PSG) initiated with an Overweight at Morgan Stanley... Raptor Pharmaceuticals (RPTP) coverage transferred with an Outperform at Cowen... Sanderson Farms (SAFM) initiated with a Buy at Sidoti... Stepan Company (SCL) initiated with a Hold at KeyBanc.
News For ATHM;BITA;LOCO;FARO;FIATY;GMED;INNL;JAZZ;MRKT;NADL;OCUL;PSG;RPTP;SAFM;SCL From The Last 14 Days
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November 20, 2014
07:20 EDTPSGFurey Research Partners to hold a conference
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07:03 EDTFAROFARO Technologies initiated with a Buy at Canaccord
Target $65.
06:03 EDTATHMAutohome 8.5M share Secondary priced at $42.50
Deutsche Bank and Goldman acted as joint book running managers for the offering.
November 19, 2014
06:51 EDTFIATYRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTFIATYNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
07:37 EDTJAZZStifel to hold a conference
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07:30 EDTPSGMorgan Stanley to hold a conference
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November 17, 2014
14:55 EDTBITABitauto price target raised to $102 from $78 at Oppenheimer
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12:56 EDTLOCOEl Pollo Loco falls after announcing 6M share secondary
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10:29 EDTSAFMTyson advances after profit beats expectations
Shares of meat producer Tyson Foods (TSN) are climbing after the company reported higher than expected profits and roughly in-line revenue. The company also made optimistic comments about the outlook for its meat products. WHAT'S NEW: Tyson reported fourth quarter earnings per share, excluding some items, of 87c, versus analysts' consensus estimate of 76c. The company's Q4 revenue of $10.11B was roughly in-line with expectations. Tyson provided fiscal 2015 EPS guidance of $3.30-$3.40, versus the consensus outlook of $3.33. However, the meat producer's fiscal 2015 revenue guidance came in at $42B, compared with the consensus outlook of $42.51B. Tyson expects its chicken segment to generate a 7%-9% return on sales over the long-term, but a return on sales of more than 10% in fiscal 2015. Hillshire Brands, which was acquired by Tyson earlier this year, should generate revenue synergies of $4B in fiscal 2015, added Tyson. Meanwhile, demand for beef is "very strong," and pork margins should be good in 2015, the meat producer stated. PRICE ACTION: In late morning trading, Tyson gained 4% to $42.34. Other meat producers also advanced, with Sanderson Farms (SAFM) rising 0.5% to $84.17 and Hormel Foods (HRL) gaining 0.6% to $54.84.
09:22 EDTLOCOOn The Fly: Pre-market Movers
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07:45 EDTBITABitauto price target raised to $102 from $95 at Brean Capital
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07:35 EDTLOCOEl Pollo Loco files to sell 6M shares of common stock for holders
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November 14, 2014
06:16 EDTFIATYEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
05:52 EDTBITABitauto sees Q4 revenue $117.3M-$120.6M, consensus $110.05M
05:51 EDTBITABitauto reports Q3 EPS 51c, consensus 49c
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November 13, 2014
10:44 EDTLOCOOptions with decreasing implied volatility
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10:21 EDTOCULOcular Therapeutix management to meet with Oppenheimer
Meeting to be held in the Mid-Atlantic area on November 17 hosted by Oppenheimer.
08:06 EDTINNLInnocoll reports Q3 EPS ex-items 2c, consensus (53c)
Reports Q3 revenue $1.45M, consensus $1.7M.
07:33 EDTMRKTMarkit management to meet with Deutsche Bank
Meeting to be held in Paris on November 13 hosted by Deutsche Bank.
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