New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:21 EDTDISH, V, URBN, RL, HCSG, EAT, MAT, CSC, ROST, PCG, FMER, SAPE, DNKN, RRGB, KEY, CTXS, BGSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: B&G Foods (BGS) upgraded to Overweight from Neutral at Piper Jaffray... Brinker (EAT) upgraded to Overweight from Equal Weight at Morgan Stanley... Citrix Systems (CTXS) upgraded to Buy from Hold at Jefferies... FirstMerit (FMER) upgraded to Outperform from Perform at Oppenheimer... Healthcare Services (HCSG) upgraded to Buy from Hold at Benchmark Co.... KeyCorp (KEY) upgraded to Outperform from Perform at Oppenheimer... PG&E (PCG) upgraded to Buy from Hold at Jefferies... Ralph Lauren (RL) upgraded to Outperform from Neutral at Macquarie... Red Robin (RRGB) upgraded to Equal Weight from Underweight at Morgan Stanley... Ross Stores (ROST) upgraded to Buy from Hold at Deutsche Bank... Urban Outfitters (URBN) upgraded to Neutral from Underperform at Macquarie... Dunkin' Brands (DNKN) upgraded to Buy from Neutral at Janney Capital... CSC (CSC) upgraded to Neutral from Sell at Goldman... Sapient (SAPE) upgraded to Neutral from Sell at Goldman... Visa (V) upgraded to Conviction Buy from Buy at Goldman... Mattel (MAT) upgraded to Buy from Neutral at MKM Partners... DISH (DISH) upgraded to Buy from Hold at Wunderlich.
News For BGS;EAT;CTXS;FMER;HCSG;KEY;PCG;RL;RRGB;ROST;URBN;DNKN;CSC;V;SAPE;MAT;DISH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
July 23, 2015
15:22 EDTDNKNDunkin' CEO: 'Don't think we need to respond' if McDonald's expands breakfast
Subscribe for More Information
15:04 EDTVNotable companies reporting after market close
Subscribe for More Information
14:17 EDTVEarnings Watch: Visa reports after 'top pick' mention by Bernstein
Visa (V) is expected to report third quarter results after the close on July 23, with a conference call scheduled for 5:00 pm ET. Visa is a global payments technology company. EXPECTATIONS: Analysts are looking for earnings per share of 59c on revenue of $3.36B. EPS consensus ranges 54c-65c on a revenue range of $3.32B-$3.41B, according to First Call. LAST QUARTER: On April 30, Visa reported second quarter EPS of 63c against expectations for 62c, and reported revenue of $3.41B versus estimates of $3.34B. During its quarterly conference call, the company noted that "we're now looking at Q3 fully diluted EPS being 6c-8c lower than analyst's current expectations," adding that results are likely to be pressured by higher client incentives. Visa executives also disclosed expectations for a "meaningful step-up" in Q3 expense growth, with a number of marketing and technology initiatives having shifted towards the latter half of the year. PEERS: American Express (AXP) reported quarterly earnings after the close on July 22, with earnings above consensus estimates but revenue somewhat below expectations, noting a "significant" impact from a stronger U.S. dollar on international operations. NEWS: On May 8, Bloomberg reported that Visa was in preliminary talks to acquire Visa Europe for $15B-$20B, according to sources. On June 3, Visa and FireEye (FEYE) announced a strategic partnership to co-develop tools and services to protect against cyber attacks targeting payment data. On June 5, the Wall Street Journal reported that, due to Visa and MasterCard (MA) having finalized their card-security technology, Google's (GOOG) Android Pay will not be earning any transaction fees from credit-card issuers, and on June 17, Reuters reported that a U.S. appeals court affirmed that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa. STREET RESEARCH: On May 19, Pacific Crest's Josh Beck shifted his preference to MasterCard from Visa, though he noted that the shift was simply due to Visa's outperformance over the past year. On May 20, Bernstein noted that the risk/reward ratio for both Visa and MasterCard looks positive, with the companies offering secular growth, "compelling" business models, and modest risk. More recently on July 14, Bernstein named Visa among its "Vintage Values 2016" list, citing the company's U.S. acquirer price increase and expectations that the Visa Europe put option will be exercised this year. PRICE ACTION: Shares of Visa have fallen just under 1% to $71.41 ahead of Thursday's earnings report.
14:11 EDTVVisa July weekly straddle 71.5 priced for 3.3% movement into Q3
10:08 EDTMATOptions with decreasing implied volatility
Subscribe for More Information
10:05 EDTDNKNHigh option volume stocks
Subscribe for More Information
06:08 EDTDNKNDunkin' Brands continues to see 410-440 net new Dunkin' Donuts U.S. restaurants
Expects Baskin-Robbins U.S. will add between 5-10 net new restaurants in FY15. Internationally, the company continues to target opening 200-300 net new restaurants across the two brands. It continues to expect net income of equity method investments to be approximately $13M.
06:07 EDTDNKNDunkin' Brands backs FY15 EPS view of $1.87-$1.91, consensus $1.91
Subscribe for More Information
06:04 EDTDNKNDunkin' Brands reports Q2 Dunkin' Donuts U.S. SSS up 2.9%
Subscribe for More Information
06:04 EDTDNKNDunkin' Brands reports Q2 adjusted EPS 50c, consensus 48c
Subscribe for More Information
July 22, 2015
19:40 EDTDISHDISH executive says auction strategy 'complied with all legal requirements'
In response to the FCC's proposal to deny roughly $3.3B in spectrum auction discounts, DISH EVP and general counsel R. Stanton Dodge stated, "We respectfully disagree with the proposed denial of the bidding credits. Our approach to the AWS-3 auction, which followed 20 years of FCC precedent and complied with all legal requirements, was intended to enhance competition -- in the auction and in the marketplace long term. Our investments in NorthStar and SNR helped make the AWS-3 auction the most successful spectrum auction in FCC history, and resulted in more than $20B of direct benefit to the American taxpayer." Reference Link
17:35 EDTDISHDISH meets with FCC, says draft order would deny $3.3B in auction discounts
Subscribe for More Information
16:13 EDTBGSB&G Foods cuts FY15 adjusted EPS to $1.44-$1.50, consensus $1.47
Raises FY15 revenue to $875M-$885M, consensus $869.94M. Raises adjusted EBITDA to $199M-$204M. EPS guidance cut "primarily due to an additional 4.2M shares outstanding following the company’s Q2 public offering."
16:11 EDTBGSB&G Foods reports Q2 adjusted EPS 34c, consensus 34c
Reports Q2 revenue $193.65M, consensus $209.19M.
15:26 EDTDNKNNotable companies reporting before tomorrow's open
Subscribe for More Information
15:01 EDTVEarnings Watch: American Express reports after several 'top pick' mentions
American Express (AXP) is expected to report second quarter earnings after the close on July 22, with a conference call scheduled for 5:00 pm ET. American Express is a global financial services company specializing in credit card and pre-paid card products and services. EXPECTATIONS: Analysts are looking for earnings per share of $1.32 on revenue of $8.46B. The consensus range is $1.23-$1.41 for EPS and $8.29B-$9.01B for revenue, according to First Call. LAST QUARTER: On April 16, American Express reported first quarter EPS of $1.48 against expectations for $1.37, and revenue of $7.95B versus estimates of $8.21B. The company reported ROE of 29% and guided towards flat to modestly down FY15 EPS as it ramps investments to offset the March 2016 expiration of its Costco (COST) partnership. NEWS: On May 12, American Express authorized the repurchase of up to 150M company shares while also raising its dividend 12% to 29c per share. During the Bernstein Strategic Decisions Conference on May 28, company executives remarked that a "range" of co-brand deals would be coming up for American Express, adding that the loss of the Costco contract was not the "be-all, end-all" for the company. On June 17, Reuters reported that a U.S. appeals court affirmed a prior ruling that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa (V) or Mastercard (MA). STREET RESEARCH: On April 27, Nomura downgraded American Express to Neutral from Buy, citing minimal upside to 2015 and 2016 estimates amid a lack of near-term catalysts. Meanwhile, Bernstein upgraded the stock to Outperform from Market Perform on May 6. On May 18, Deutsche Bank reiterated a Buy rating and $90 price target on American Express shares, saying it sees a $750M-$850M annual revenue opportunity through the "Plenti" loyalty program coalition. On June 2, Bernstein said it expects credit card volumes to grow 10%-12% annually over the next five years, adding that American Express, Capital One (COF) and Synchrony Financial (SYF) are its favorites in the sector. Following meetings with American Express executives, Citi called American's risk/reward ratio "attractive" on June 4, and on July 8, Deutsche Bank said it was positive on credit card stocks going into second quarter earnings, with American Express named a top pick. PRICE ACTION: Shares of American Express are near flat to $78.96 ahead of Wednesday's earnings report.
12:12 EDTVVisa July weekly volatility elevated into Q3 and outlook
Subscribe for More Information
10:15 EDTMATOptions with decreasing implied volatility
Subscribe for More Information
July 21, 2015
18:11 EDTDISHHarbinger Capital sues DISH over LightSquared, Reuters reports
Subscribe for More Information
10:24 EDTMATOptions with decreasing implied volatility
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use