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Stock Market & Financial Investment News

News Breaks
January 17, 2014
10:04 EDTPBCT, BJRI, SINA, FUEL, NUS, CLC, SSNI, RMD, NMM, COLM, STRA, STM, QRE, MAIN, BBYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Best Buy (BBY) downgraded to Neutral from Buy at UBS... Clarcor (CLC) downgraded to Neutral from Outperform at RW Baird... Columbia Sportswear (COLM) downgraded to Neutral from Neutral at Macquarie... Main Street (MAIN) downgraded to Market Perform from Outperform at Raymond James... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Stifel... Nu Skin (NUS) downgraded to Neutral from Buy at BofA/Merrill... QR Energy (QRE) downgraded to Hold from Buy at MLV & Co.... ResMed (RMD) downgraded to Neutral from Outperform at Macquarie... Rocket Fuel (FUEL) downgraded to Market Perform from Outperform at BMO Capital... STMicroelectronics (STM) downgraded to Neutral from Outperform at Exane BNP Paribas... Silver Spring Network (SSNI) downgraded to Neutral from Outperform at RW Baird... Strayer (STRA) downgraded to Underperform from Neutral at BofA/Merrill... SINA (SINA) downgraded to Hold from Buy at Jefferies... BJ's Restaurants (BJRI) downgraded to Neutral from Buy at Sterne Agee... People's United (PBCT) downgraded to Neutral from Overweight at JPMorgan.
News For BBY;COLM;CLC;MAIN;NMM;NUS;QRE;RMD;FUEL;STM;SSNI;SINA;STRA;BJRI;PBCT From The Last 14 Days
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February 20, 2015
11:12 EDTFUELRocket Fuel gets multiple downgrades after earnings, but Janney still positive
Shares of Rocket Fuel (FUEL) are plunging after the company reported lower than expected fourth quarter revenue and provided first quarter revenue guidance that came in below expectations. Several analysts responded to the news by downgrading the stock, but research firm Janney Capital wrote that the company's potential reward still outweighs its risks. Rocket Fuel has developed a decision making and modeling platform that is based on big data and artificial intelligence. WHAT'S NEW: Rocket Fuel reported a Q4 per share loss, excluding certain items, of (18c), versus analysts' consensus estimate of a (21c) per share loss. The company's revenue came in at $139.5M, versus the consensus outlook of $147M. Rocket Fuel provided Q1 revenue guidance of $57M-$58M, versus the consensus outlook of $69.5M. Of note, the company said, "Given the limited visibility inherent in our rapidly growing and changing industry, Rocket Fuel is only providing specific financial guidance for the first quarter of 2015." ANALYST REACTION: A number of firms downgraded Rocket Fuel following the company's results. Piper Jaffray analyst Gene Munster downgraded the shares to Neutral from Overweight, saying that the company's transition to "more of a software platform" has made its risk/reward ratio unattractive, while its results raise questions about its business model. Meanwhile, Oppenheimer analyst Jason Helfstein downgraded the shares to Perform from Outperform, as he believes that the company lacks positive catalysts. Needham also downgraded the shares, cutting its rating on the stock to Hold from Buy. Although Rocket Fuel provided "very disappointing" Q1 guidance and the company is running into difficulties selling its products at trading desks, the company can overcome its challenges over time, Janney Capital analyst Murali Sankar contended. Rocket Fuel has started to build stronger relationships with the executives of trading firms, according to the analyst, who lowered his fair value estimate on the shares to $17.50 from $25.50, but kept a Buy rating on the stock. PRICE ACTION: In late morning trading, Rocket Fuel fell 25% to $11. Over the last year the stock is down about 79%.
10:01 EDTFUELOn The Fly: Analyst Downgrade Summary
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09:15 EDTFUELRocket Fuel downgraded to Neutral from Overweight at Piper Jaffray
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08:57 EDTFUELRocket Fuel potenial reward still outweighs risks, says Janney Capital
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08:21 EDTFUELRocket Fuel downgraded on lack of catalysts
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08:04 EDTFUELRocket Fuel downgraded to Hold from Buy at Needham
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06:01 EDTFUELRocket Fuel downgraded to Perform from Outperform at Oppenheimer
February 19, 2015
18:19 EDTFUELOn The Fly: After Hours Movers
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16:25 EDTFUELRocket Fuel sees Q1 non-GAAP revenue $57M-$58M
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16:24 EDTFUELRocket Fuel reports Q4 adjusted EPS (18c), consensus (21c)
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14:04 EDTFUELRocket Fuel February volatility increases into Q4 and outlook
Rocket Fuel February call option implied volatility is at 350, March is at 107, April is at 75; compared to its 26-week average of 72 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
12:45 EDTBJRIOn The Fly: Midday Wrap
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09:12 EDTBJRIOn The Fly: Pre-market Movers
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08:40 EDTBJRIBJ's Restaurants price target raised to $60 from $55 at Stifel
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February 18, 2015
18:55 EDTBJRIOn The Fly: After Hours Movers
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16:19 EDTBJRIBJ's Restaurants gaps up after earnings beat, levels to watch
In the extended session the stock was last at $51, just below the 52-week high at $51.30. Additional resistance levels above the 52-week high are at $51.68 and $53.39.
16:12 EDTBJRIBJ's Restaurants sees opening at least 15 new sites in FY15
The company plans to open at least 15 new restaurants in fiscal 2015 and has, to date, opened new restaurants in Nanuet, New York and Slidell, Louisiana, in Q1. With the exception of the Nanuet location, all of the restaurants opened in Q4 and Q1 are the company's new 7,400 square foot prototype. This new prototype has been well received by guests and costs approximately $4M on a gross basis, which is approximately $1M less than the prior prototype.
16:11 EDTBJRIBJ's Restaurants reports Q4 EPS 31c, consensus 21c
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09:32 EDTBBYComarco files patent suit against Best Buy
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February 17, 2015
18:43 EDTCOLMApparel stocks lower after Perry Ellis warns of West Coast port disruption
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