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Stock Market & Financial Investment News

News Breaks
November 28, 2012
05:55 EDTBKS, BKS, NJR, NJR, LTXC, LTXC, LQDT, LQDT, KR, KR, ISL, ISL, GBDC, GBDC, CBRL, CBRL, BECN, BECN, TIF, TIFCompanies reporting Before the Market Open on Wednesday, November 29
Notable companies reporting before the opening bell on Wednesday include Barnes & Noble (BKS), Beacon Roofing Supply (BECN), Cracker Barrel Old Country Store (CBRL), Golub Capital BDC (GBDC), Isle of Capri Casinos (ISL), Kroger (KR), Liquidity Services (LQDT), LTX-Credence (LTXC), New Jersey Resources (NJR), and Tiffany & Co (TIF).
News For BKS;BECN;CBRL;GBDC;ISL;KR;LQDT;LTXC;NJR;TIF From The Last 14 Days
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March 2, 2015
10:00 EDTCBRLOn The Fly: Analyst Downgrade Summary
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09:07 EDTKRKroger March volatility elevated into Q4 and outlook
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06:26 EDTCBRLCracker Barrel downgraded to Hold from Buy at Miller Tabak
Miller Tabak downgraded Cracker Barrel to Hold due to valuation. Price target remains $150.
February 26, 2015
16:52 EDTBKSOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
14:02 EDTCBRLCracker Barrel price target raised to $170 from $150 at Argus
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09:02 EDTBKSBarnes & Noble to separate College business from Retail and NOOK businesses
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09:01 EDTBKSBarnes & Noble to separate College business from Retail and NOOK businesses
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February 24, 2015
08:13 EDTCBRLCracker Barrel sees Q3 EPS $1.30-$1.40, consensus $1.33
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08:12 EDTCBRLCracker Barrel raises FY15 adjusted EPS guidance to $6.40-$6.50, consensus $6.12
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08:07 EDTCBRLCracker Barrel reports Q2 adjusted EPS $1.93, consensus $1.62
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February 20, 2015
09:23 EDTTIFGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
February 17, 2015
16:34 EDTLQDTLiquidity Services selected by Hallmark Cards
Liquidity Services has been selected by Hallmark Cards, to conduct a private treaty event for equipment considered surplus to ongoing operations for Hallmark. The assets consist mostly of industrial manufacturing equipment from Hallmark’s existing Party Supply Manufacturing division at their facility in Leavenworth, Kansas, USA.
06:56 EDTLQDTLiquidity Services awarded contract extension by DLA
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