New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 19, 2014
10:13 EDTSCL, SAFM, RPTP, PSG, OCUL, NADL, MRKT, JAZZ, INNL, GMED, FIATY, FARO, LOCO, BITA, 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 22, 2014
07:09 EDTSCLStepan Company reports Q3 adjusted EPS 68c, consensus 90c
Subscribe for More Information
October 21, 2014
11:57 EDTLOCOChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
October 20, 2014
07:16 EDTOCULAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.
October 17, 2014
09:21 EDTSAFMSanderson Farms weakness a buying opportunity, says Cleveland Research
Cleveland Research recommends taking advantage of weakness in Sanderson Farms due to weaker breast meat prices and raised estimates to reflect lower feed costs and higher wing pricing forecasts. Shares are Buy rated.
09:07 EDTSAFMProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:53 EDTJAZZJazz Pharmaceuticals shares 'signifincantly undervalued,' says FBR Capital
Subscribe for More Information
07:39 EDTSAFMChicken stock sell-off yesterday overdone, says JPMorgan
Subscribe for More Information
October 16, 2014
15:35 EDTSAFMSanderson Farms falls following investor day meeting
Subscribe for More Information
11:21 EDTLOCOOptions with decreasing implied volatility: EXAS ATLS LOCO MAT
Subscribe for More Information
08:06 EDTFIATYAlmunia says political pressure around Google case 'unprecented,' WSJ reports
Subscribe for More Information
07:23 EDTOCULIBF Conferences to hold a summit
Ophthalmology Innovation Summit is being held in Chicago on October 16.
06:34 EDTFIATYChina to punish automakers that miss fuel standards, Reuters reports
Subscribe for More Information
October 15, 2014
11:27 EDTLOCOOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INO ATLS LOCO OPK INFY EUO FDO
09:57 EDTRPTPLeerink biotech analysts hold an analyst/industry conference call
Subscribe for More Information
07:04 EDTNADLNorth Atlantic Drilling initiated with a Sell at ISI Group
Target $5.80.
October 14, 2014
11:17 EDTLOCOOptions with decreasing implied volatility
Subscribe for More Information
October 13, 2014
11:57 EDTSAFMSanderson Farms to host investor day
Subscribe for More Information
11:52 EDTSCLStepan Company upgraded earlier to Buy from Neutral at Sidoti
Subscribe for More Information
07:56 EDTMRKTMarkit upgraded to Overweight from Equal Weight at Morgan Stanley
Subscribe for More Information
06:44 EDTFIATYRegulators seeking banks' auto loan data, Reuters reports
Subscribe for More Information
1 | 2 | all recent news | >>

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