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January 8, 2013
16:28 EDTGME, PERI, BA, CY, GDI, FIO, MDCO, SHLDOn 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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November 23, 2015
10:17 EDTGMEHigh option volume stocks
High option volume stocks: TRQ SIG XRT NXST NGD PSTG GME ONTY ADI JEC
09:43 EDTGMEGameStop falls sharply after results, outlook
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08:35 EDTGMEGameStop says Q3 results at low end of guidance range
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08:34 EDTGMEGameStop sees Q4 EPS $2.12-$2.32, consensus $2.37
Sees Q4 SSS down 1% to up 6%.
08:34 EDTGMEGameStop reiterates FY EPS view $3.66-$3.86, consensus $3.91
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08:33 EDTGMEGameStop reports Q3 adjusted EPS 54c, consensus 59c
Reports Q3 revenue $2.02B, consensus $2.14B. Including one-time charges, EPS was 53c. Reports Q3 SSS down 1.1%, with SSS down 1.7% in the U.S. and up 0.3% internationally. Foreign currency exchange rate changes negatively impacted sales by approximately $100 million and earnings per share by $0.02. In the new video game segments, new hardware sales declined 20.4%, while new software sales decreased 9.3% due to the tough overlap of Destiny and Super Smash Bros. in Q3 2014.
06:30 EDTGMEGameStop sees challenge around growing number of digital shoppers, WSJ says
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November 22, 2015
18:29 EDTBADelta CEO says Boeing offered used 777s for $10M, Bloomberg reports
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November 20, 2015
12:40 EDTSHLDOptions with increasing implied volatility:TERP CHK NMBL SHLD POM
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12:02 EDTMDCOThe Medicines Co. receives EC approval for IONSYS
The Medicines Company announced that the European Commission has granted marketing authorization for IONSYS(40 micrograms per dose transdermal system), with active ingredient fentanyl, for the management of acute moderate-to-severe, post-operative pain in adult patients for use in the hospital. IONSYS will be the only needle-free, patient-controlled, pre-programmed iontophoretic transdermal delivery system for use in adult patients requiring opioid analgesia in EU hospital settings. The marketing authorization follows the issuance of a positive opinion in September by the Committee for Medicinal Products for Human Use of the European Medicines Agency and is now valid in the 31 countries of the European Economic Area, which includes all 28 European Union Member States, plus Norway, Iceland and Liechtenstein. A supplemental new drug application for IONSYS was approved by the U.S. FDA in April 2015 with an approved IONSYS Risk Evaluation Mitigation Strategy program. The product is commercially available in the U.S. as of July 2015.
08:31 EDTGMEGameStop volatility elevated into Q3 and outlook
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07:16 EDTGMEGameStop should be bought on any weakness after results, says Oppenheimer
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November 17, 2015
10:20 EDTGMEOptions with increasing implied volatility
Options with increasing implied volatility: SGMS HZNP CSC ULTA RH BURL GME AEO BBRY TIF
07:56 EDTCYUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:44 EDTBAInterest rate increases usually a bullish signal for Boeing, says Canaccord
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November 16, 2015
19:40 EDTBALockheed Martin-Boeing JV won't bid for next U.S. satellite launch, Reuters says
Lockheed Martin (LMT) and Boeing's (BA) joint venture won't bid for the next U.S. GPS satellite launch due to the structure of the competition and because the venture didn't have engines for its Atlas 5 rocket. Reference Link
13:17 EDTBABoeing forecasts $350B market for new airplanes in Latin America
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12:02 EDTBABoeing Business Jets announces four new BBJ MAX 8 orders
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11:35 EDTSHLDDillard's sinks to 52-week low after joining chorus of 'disappointed' retailers
Shares of Dillard's (DDS), a retailer of fashion apparel, cosmetics and home furnishing, are falling to their worst level in a year after the company became the latest in its industry to report lower than expected third quarter results. WHAT'S NEW: This morning, Dillard's reported Q3 earnings per share of $1.19 and revenue of $1.435B, narrowly missing analysts' consensus estimates of $1.20 and $1.49B, respectively. Same-store sales for the quarter fell 4%. Total merchandise sales decreased 3% for the 13-week period ended October 31. Weaker performing categories were men's apparel and accessories and ladies' accessories and lingerie with notable weakness in home and furniture the company explained. Dillard's Chief Executive Officer, William T. Dillard, II, stated, "We are disappointed with our third quarter sales performance and in the resulting decline in profit. Share buyback remained a high priority, and we repurchased $175 million of stock under our share repurchase program." WHAT'S NOTABLE: Gross margin from retail operations improved 11 basis points of sales for the 13 weeks ended October 31 compared to the prior year third quarter. Consolidated gross margin for the 13 weeks ended October 31 declined 30 basis points of sales compared to the prior year third quarter. The disparity between retail and consolidated gross margin performance is attributable to increased revenue at CDI, which is a substantially lower margin business. Inventory increased 6% at October 31 compared to November 1, 2014. For FY15, the company expects capital expenditures of $150M. PRICE ACTION: In late morning trading, Dillard's fell $5.81, or 7.5%, to $71.79 on more than three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $68.05. Including today's pull back, the shares have lost about 36% over the past 12 months. OTHERS TO WATCH: Other apparel, cosmetics and home furnishing retailers include Macy's (M), Kohl's (KSS), JC Penny (JCP), Sears (SHLD) and Nordstrom (JWN).
07:50 EDTCYUBS to hold a conference
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