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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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October 17, 2014
11:58 EDTBATextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
09:00 EDTGMEGameStop management to meet with SunTrust
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07:32 EDTBABoeing volatility elevated into Q3 and outlook
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07:31 EDTBAEMC volatility elevated into Q3 results and outlook
EMC October weekly call option implied volatility is at 51, November is at 34, January is at 27; compared to its 26-week average of 23 into the expected release of Q3 results on October 22.
05:39 EDTGMESeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 16, 2014
13:03 EDTBABoeing reports one new 747 order in weekly update
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11:39 EDTCYCypress Semiconductor sees Q4 EPS 13c-15c, consensus 15c
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08:05 EDTCYCypress Semiconductor reports Q3 EPS 16c, consensus 16c
Reports Q3 revenue $187.52M, consensus $188.26M.
06:28 EDTBABoeing mulls potential helicopter deal with Brazilian Army, Reuters says
Boeing said that the Brazilian Army has shown an interest in purchasing a few of the company's CH-47 Chinook helicopters, and explained that it maintains its opinion that Brazil is a noteworthy collaborator for projects in the defense and commercial space, according to Reuters, citing comments from Boeing spokesman Scott Day. Reference Link
October 15, 2014
10:11 EDTGMEGameStop expands layaway program for 2014 holiday season
GameStop announced that it will expand its 2014 holiday layaway program to include more products. In addition, through its new PowerUp Rewards credit card, GameStop is offering special financing. For a limited time, PowerUp Rewards Pro credit cardholders will receive zero percent interest on purchases of $500 or more for six months, GameStop announced.
09:40 EDTGMEGameStop upgraded to Neutral from Underperform at Hilliard Lyons
07:32 EDTSHLDSears announces EVP Ronald Boire appointed CEO of Sears Canada
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06:33 EDTSHLDSears apologizes for swastika ring listing on online marketplace
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October 13, 2014
14:29 EDTBABoeing begins production on first 737 MAX parts
Boeing has started production of the first 737 MAX fuselage stringers at Boeing Fabrication Integrated AeroStructures in Auburn, Wash. Stringers run the length of the fuselage structure giving it stability and strength. After forming, Boeing will send the stringers to Spirit Aerosystems in Wichita, Kan. for incorporation into the first 737 MAX fuselage. From there the fuselage will be shipped to Boeing's Renton, Wash. facility where Boeing employees will build the 737 MAX. The program is on track to begin final assembly of the first 737 MAX in 2015. The airplane will be part of the flight test fleet and is scheduled to fly in 2016. The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14% more fuel-efficient than today's most efficient Next-Generation 737s – and 20% better than the original Next-Generation 737s when they first entered service.
12:33 EDTSHLDOptions with increasing implied volatility
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10:17 EDTBAEbola related weakness in aerospace stocks seen as buying opportunity
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10:06 EDTSHLDJ.C. Penney rises after selecting Home Depot executive as next CEO
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07:26 EDTBACommercial aerospace stocks should be bought on any weakness, says Wells Fargo
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07:25 EDTMDCOEuropean Association of Cardiothoracic Surgery to hold annual meeting
28th EACTS Annual Meeting is being held in Milan, Italy on October 11-15.
October 12, 2014
19:41 EDTBABoeing and Garuda Indonesia announce $4.9B order
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