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Stock Market & Financial Investment News

News Breaks
January 8, 2013
16:28 EDTBA, SHLD, GDI, PERI, MDCO, CY, GME, FIOOn The Fly: Closing Wrap
Stocks on Wall Street were lower ahead of the kick-off of the latest earnings season, which is expected to see earnings among S&P 500 companies grow 2.8%, according to Thomson Reuters. After trading lower through the morning, the averages drifted in a narrow range near their lows on light volume for the remainder of the session... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. Consumer credit expanded $16B in November, exceeding forecasts for it to grow by $12.8B... COMPANY NEWS: A Boeing (BA) 787 Dreamliner owned by Japan Airlines suffered a fuel leak, the second incident for that model of aircraft in as many days. Shares of Boeing fell $2.00, or 2.63%, to $74.13... Sears Holdings (SHLD) reported late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell $2.76, or 6.43%, to $40.16... Shares of Gardner Denver (GDI) spiked higher after late day headlines from Bloomberg that said the company would renew talks with private equity suitors, though shares settled slightly lower, down 31c, or 0.45%, to $68.34... MAJOR MOVERS: Among notable gainers was Perion Network (PERI), up $1.90, or 20.11%, to $11.35 after the company provided guidance that indicated Q4 revenue would more than double from the prior year's comparable quarter. Also higher was The Medicines Company (MDCO), up $3.01, or 11.66%, to $28.83 after announcing results for a Phase 3 trial of one of its drugs. Among the noteworthy losers were Cypress Semiconductor (CY), down 93c, or 8.42%, to $10.12 after cutting its Q4 earnings forecast and Fusion-io (FIO), down $2.04, or 9.62%, to $19.16 after William Blair downgraded the stock to Market Perform. Also lower were shares of GameStop (GME), which dropped $1.56, or 6.3%, to $23.19 after the company reported holiday period SSS were down 4.4% and said it sees Q4 EPS at the low end of its guidance range... INDICES: The Dow was down 55.44, or 0.41%, to 13,328.85; the Nasdaq was down 7.00, or 0.23%, to 3,091.81; and the S&P 500 was down 4.74, or 0.32%, to 1,457.15.
News For BA;SHLD;GDI;PERI;MDCO;CY;GME;FIO From The Last 14 Days
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April 21, 2014
11:24 EDTBABoeing inks 50 jet deal with Shandong, Xinhua reports
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07:16 EDTGMEElectronic Arts' Titanfall leads March game software sales, Joystiq reports
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06:45 EDTGMEApple and Google compete to offer exclusive game apps, WSJ reports
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April 17, 2014
12:13 EDTSHLDSears director Thomas Tisch buys 475,000 shares
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11:48 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
Sees Q2 revenue $181M-$186M, consensus $182.84M. Sees Q2 gross margin approximately 51%. Comments taken from Q1 earnings conference call.
11:42 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
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11:41 EDTCYCypress Semiconductor sees Q2 revenue $181M-$186M, consensus $182.84M
Guidance provided on the company's Q1 earnings conference call.
11:19 EDTBABoeing reports 5 new orders since last update, cuts 737 net orders by 5
Boeing reported 5 new orders for 737s from an unidentified customer or customers in an update on its orders through April 15 posted to its corporate website. In the changes category, Boeing reduced 737 net orders by 5.
09:59 EDTMDCOOn The Fly: Analyst Downgrade Summary
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08:05 EDTCYCypress Semiconductor sees Q2 EPS to grow 'much faster' than revenue
The company said, "We exited the first quarter with a book-to-bill ratio of 1.08 and expect solid sequential revenue growth in the second quarter. Our Q2 earnings will grow much faster than revenue, reflecting the inherent leverage created by our efficiency improvements." Consensus for Q2 EPS and revenue are 12c and $182.84M, respectively.
08:04 EDTCYCypress Semiconductor reports Q1 adjusted EPS 7c, consensus 7c
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07:17 EDTMDCOThe Medicines Co. downgraded to Market Perform from Outperform at Leerink
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April 15, 2014
10:31 EDTGMEGameStop to host two day investor day
Two day investor day will be held in Dallas on April 21 at 7 pm and on April 22 at 9 am. Webcast Link
10:25 EDTBASpirit AeroSystems new pact with Boeing removes a risk, says Wells Fargo
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06:29 EDTBAFuji Heavy Industries o open factory plant for next-gen Boeing jets, Nikkei says
Fuji Heavy Industries (FUJHY) plans to open a new factory next year to produce parts for Boeing's (BA) next-generation 666X passenger jets, reports Nikkei. Fuji Heavy Industries is expected to spend $97.6M for the new plant and will likely build enough parts to equip 100 of the new aircraft next year. Reference Link
April 14, 2014
16:49 EDTBASpirit AeroSystems, Boeing amend supply agreement
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
07:06 EDTBAU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 13, 2014
17:45 EDTSHLDLand's End shares could head lower, Barron's says
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April 11, 2014
14:26 EDTSHLDCBL & Associates expects more J.C. Penney closures
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08:22 EDTBAAerCap completes 29 aircraft transactions in Q1
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