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Stock Market & Financial Investment News

News Breaks
June 15, 2014
19:01 EDTQLTY, BIGTime to take profits in Big Lots, Quality Distribution, Barron's says
Investors should take profits in Big Lots (BIG), as the company currently trades at 15 times next year's estimates, and Quality Distribution (QLTY), trading at 8 times FY15 EBITDA, Barron's contends in its "Sizing Up Small Caps" column. Reference Link
News For BIG;QLTY From The Last 14 Days
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August 28, 2015
16:29 EDTBIGStocks end volatile week higher as China whipsaws U.S. market
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16:17 EDTBIGOn The Fly: Top stock stories for Friday
Stocks slipped at the open as the futures once again were influenced by the volatile overnight trading session in China. The averages began to recover shortly after the open and turned mixed by midday. Comments from Fed Vice Chairman Stanley Fisher about the central bank being open to a possible rate hike in September took some momentum out of the market. As the volume slowed and the news flow went silent, the volatility increased and the averages headed lower only to rebound before the close, but the trading was still remarkably calm when compared to the wide swings seen in the market in the earlier sessions of this week. ECONOMIC EVENTS: In the U.S., personal income rose 0.4% in July, as expected, with consumer spending up 0.3%, which was below the 0.4% consensus growth forecast. The University of Michigan consumer sentiment reading for August was revised down to 91.9 from the 92.9 preliminary reading, versus expectations for it to be bumped up to 93.0. Baker Hughes reported the U.S. rig count is down 8 rigs from last week to 877. WTI crude oil prices added another 6% today to yesterday's 10% rally, closing at $45.22 a barrel on Friday. U.S. crude closed with a weekly gain of 11.8%, marking its first advance in 10 weeks and best week in six years. The Federal Reserve may still raise its benchmark interest rate in September, Fed vice chairman Stanley Fischer said in an interview with CNBC, noting that Fed committee members "haven't made a decision yet" and have "time to wait and see," because the next policy-making meeting won't happen until the middle of next month. COMPANY NEWS: Shares of cancer drug maker ARIAD (ARIA) surged $2.91, or 41.69%, to $9.89 after Bloomberg reported that industry peer Baxalta (BXLT) is in takeover talks with the smaller company to boost its oncology pipeline. Baxalta, which had recently turned down a merger offer from Shire (SHPG), fell $1.18, or 3.24%, to $35.25 following the report... In other pharmaceutical industry M&A news, Mylan (MYL) shareholders voted to approve the company's proposed acquisition of Perrigo (PRGO) and the related issuance of Mylan ordinary shares. Afterward, Perrigo CEO Joseph Papa said he was confident that most of his company's shareholders believe that Mylan's offer substantially undervalues Perrigo and would dilute its "growth profile and superior valuation"... Video game maker Activision Blizzard (ATVI) and airline owner United Continental (UAL) both advanced sharply, rising 4.62% and 6.93%, respectively, after each had their shares selected to join the S&P 500. Activision will replace Pall Corp. (PLL) in the S&P 500 after the close of trading tonight, while United will replace Hospira (HSP) in the index after the close of trading on Wednesday, September 2. MAJOR MOVERS: Among the notable gainers was Big Lots (BIG), which advanced $6.58, or 15.67%, to $48.58 after the discount retailer reported better than expected quarterly results and lifted its fiscal year guidance. Among the noteworthy losers after their quarterly reports were video game retailer GameStop (GME), which slid $3.71, or 8.03%, to $42.49, and design software and services company Autodesk (ADSK), which fell $2.48, or 4.96%, to $47.52. INDEXES: The Dow fell 11.76, or 0.07%, to 16,643.01, the Nasdaq gained 15.62, or 0.32%, to 4,828.33, and the S&P 500 advanced 1.21, or 0.06%, to 1,988.87.
12:50 EDTBIGOn The Fly: Top stock stories at midday
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10:13 EDTBIGHigh option volume stocks
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09:57 EDTBIGCantor 'warming up' to Big Lots, raises price target to $47
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09:23 EDTBIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
08:22 EDTBIGBig Lots leadership building company to become 'choice employer'
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08:22 EDTBIGBig Lots sees sees Q3 EPS (4c)-1c, consensus 0c
Sees Q3 SSS up 2%-3%.
06:10 EDTBIGBig Lots up 3.2% after reporting Q2 results, giving guidance
06:07 EDTBIGBig Lots sees FY15 adjusted EPS $2.90-$3.00, consensus $2.87
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06:06 EDTBIGBig Lots sees Q4 EPS $1.95-$2.00 vs. $1.76 last year
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06:03 EDTBIGBig Lots reports Q2 adjusted EPS 40c, consensus 34c
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05:54 EDTBIGBig Lots announces three executive promotions
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August 27, 2015
15:14 EDTBIGBig Lots volatility elevated into Q2 and outlook
Big Lots September call option implied volatility is at 56, October is at 46, January is at 40; compared to its 52-week range of 23 to 52, suggesting large near term price movement into the expected release of Q2 results today after the market close.
14:58 EDTBIGNotable companies reporting before tomorrow's open
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13:57 EDTBIGBig Lots technical notes before earnings
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August 21, 2015
14:59 EDTQLTYQuality Distribution requests withdrawal of registration statement
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