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Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:44 EDTCBST, BCEI, DATA, MILL, STSIHigh option volume stocks: BCEI STSI DATA CBST MILL
News For BCEI;STSI;DATA;CBST;MILL From The Last 14 Days
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July 30, 2015
07:12 EDTDATATableau selloff yesterday unwarranted, says William Blair
William Blair views yesterday's selloff in shares of Tableau as unwarranted saying the company reported solid Q2 results. The firm thinks the setup going into the second half of the year is "quite compelling" and keeps an Outperform rating on the stock.
July 29, 2015
17:05 EDTDATAOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but soon turned mixed as the tech heavy Nasdaq was unable to hold its gains. The Federal Reserve's statement that accompanied its rate decision was little changed from its last meeting, keeping investors optimistic about a possible delay in its first interest rate hike in many years. ECONOMIC EVENTS: In the U.S., the Federal Reserve concluded a two-day meeting on monetary policy and kept benchmark interest rates unchanged between 0% and 0.25%, as expected. The Fed said information received since the last time the FOMC met indicates that economic activity has been expanding "moderately" in recent months, noting that the labor market continued to improve, with "solid job gains and declining unemployment." The central bank repeated that even after employment and inflation near "mandate-consistent levels," economic conditions may warrant keeping the target federal funds rate below "normal" levels. An index of pending home sales fell 1.8% in June, versus expectations for it to have risen 1% compared to the prior month. In China, the Shanghai composite index rose 3.4%, stemming its most recent stretch of declines, though the index is still deeply in the red on a week-to-date basis. COMPANY NEWS: Shares of Twitter (TWTR) fell $5.30, or 14.5%, to $31.24 after the company reported better than expected quarterly results but its management tempered expectations about its user growth. Several analysts cut their price targets on the stock and warned its shares may be range bound in the near-term, but maintained their buy ratings on the stock based on the social network operator's long-term potential. Analysts were not as ready to jump to the defense of another Internet stock, Yelp (YELP), which plunged $8.40, or 25.07%, to $25.11 after the local business review site operator reported lower than expected profit and lowered its fiscal year revenue guidance. At least eight research firms downgraded the stock after the company's outlook missed expectations and it announced the exit of brand advertising... Two defense contractors, Northrop Grumman (NOC) and General Dynamics (GD), advanced after each topped expectations with their quarterly reports and raised their fiscal year outlooks. General Dynamics shares gained 3.93% to $149.96 following its "beat and raise" report, while Northrop jumped 6.18% to $173.44. MAJOR MOVERS: Among the notable gainers was Cytec Industries (CYT), which gained 27.04% to $74.19 after agreeing to be acquired by Brussels-based Solvay (SVYZY) for $75.25 per share in cash, corresponding to an enterprise value of $6.4B. Among the noteworthy losers was Tableau Software (DATA), which fell $13.58, or 10.67%, to $113.64 after its earnings report. Cantor Fitzgerald analyst Brian White attributed today's pullback in shares to "very high" expectations going into the quarter, while Wedbush said Tableau's Q2 deceleration was due to difficulty in sustaining its "extraordinarily high" growth rate. Also lower were shares of Medivation (MDVN), which fell $8.77, or 8.39%, to $95.74 after Cowen analyst Eric Schmidt said prescription trends for the company's prostate cancer drug Xtandi have "slowed considerably." Schmidt, who thinks consensus expectations calling for Xtandi sales topping $3B in sales by 2019 are "far too high," recommended selling the shares and lowered his price target on the stock to $77. INDEXES: The Dow rose 121.12, or 0.69%, to 17,751.39, the Nasdaq gained 22.53, or 0.44%, to 5,111.73, and the S&P 500 advanced 15.32, or 0.73%, to 2,108.57.
14:29 EDTDATATableau selloff a 'rare' buying opportunity, says Cantor
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14:26 EDTDATATableau Q2 momentum slows but story unbroken, says Wedbush
Wedbush said Tableau's Q2 deceleration was due to an difficulty in sustaining an extraordinarily high growth rate and regression to more sustainable rates in the wake of difficult comps. The firm's checks indicate Tableau's competitive position, sales cycles, and pricing environment are unchanged. Wedbush does not think Tableau's story is broken and views the selloff as an excellent entry point. Shares are Outperform rated with a $122 price target on shares, down from $125.
13:58 EDTDATATableau selloff a buying opportunity, says BofA/Merrill
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10:08 EDTDATATableau weakness could prove to be a buying opportunity, says Stifel
10:00 EDTBCEIOn The Fly: Analyst Downgrade Summary
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09:49 EDTDATATableau spikes sharply lower after earnings news
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09:13 EDTDATAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Buffalo Wild Wings (BWLD), up 11.4%... Panera Bread (PNRA), up 5.9%... Sonus Networks (SONS), up 7.2%... Gilead Sciences (GILD), up 3.6%... U.S. Steel (X), up 3.3%... Synchronoss (SNCR), up 2.8%. ALSO HIGHER: Cytec Industries (CYT), up 26.7% after being acquired by Solvay (SVYZY)... MagneGas (MNGA), up 7.8% after receiving multiple orders... AK Steel (AKS), up 5.2% after being upgraded to Outperform from Neutral at Macquarie. DOWN AFTER EARNINGS: Yelp (YELP), down 23.6%... VASCO Data Security (VDSI), down 13.3%... Tableau Software (DATA), down 16%... Twitter (TWTR), down 11.4%... Akamai Technologies (AKAM), down 7.9%.
09:04 EDTBCEIBonanza Creek downgraded on margin erosion at BMO Capital
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07:37 EDTDATATableau reports Q2 non-GAAP EPS 7c, consensus 4c
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06:28 EDTBCEIBonanza Creek downgraded to Market Perform from Outperform at BMO Capital
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05:35 EDTMILLMiller Energy sees gross production up by 1.7 MMcfd, 220 Bopd
Miller Energy provided the following guidance: "Until we complete our capital repositioning process, the Company will focus primarily on smaller work-overs. The Company has identified and begun executing on eight projects with an aggregate capital requirement of approximately $1.8M that management expects will increase gross production by approximately 1.7 MMcfd and 220 Bopd. The Company expects that each project will exceed its internal return requirements and also expects that each project will have a payback period of less than a year. Also, during FY16, the Company plans to drill the RU-7B side-track and NF 22-26 as finances permit. Management plans to continue to pursue aggressively its cost efficiency and capital discipline initiatives in a responsible and safe manner. We believe that the run-rate cash G&A, excluding one-time items, will trend towards approximately $4.5M per quarter."
05:34 EDTMILLMiller Energy reports Q4 EPS ($2.48), may not compare to consensus (27c)
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July 28, 2015
15:21 EDTDATANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
July 27, 2015
17:09 EDTBCEIBonanza Creek sees Q3 sales volume 28.6 Mboe/D
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17:04 EDTBCEIBonanza Creek reports Q2 EPS (14c), consensus (10c)
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July 24, 2015
09:24 EDTBCEIBonanza Creek is 'really attractively valued,' says Wunderlich
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July 23, 2015
09:18 EDTBCEIBonanza Creek valuation very compelling, says KeyBanc
KeyBanc says that Bonanza Creek has underperformed its peers by 33% since June. The firm reports that the company thinks the move is unfounded, and cannot identify a reason for the underperformance. The firm expects the company's Q2 production wto surpass expectations, potentially creating a short squeeze. Keybanc suggests that the company could become a takeover target, and it does not think that liquidity is a concern for the company.
July 22, 2015
15:24 EDTBCEIBonanza Creek unaware of reason for underperformance beyond commodity weakness
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