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Stock Market & Financial Investment News

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February 27, 2013
05:55 EDTBKS, BKS, WEN, WEN, SHLD, SHLD, RDC, RDC, ORN, ORN, KSS, KSS, IRM, IRM, DPZ, DPZ, CVC, CVC, WPX, WPXCompanies reporting Before the Market Open on Thursday, February 28
Notable companies reporting before the opening bell on Thursday include Barnes & Noble (BKS), Cablevision Systems (CVC), Domino's Pizza (DPZ), Iron Mountain (IRM), Kohl's (KSS), Orion Marine Group (ORN), Rowan Companies (RDC), Sears Holdings (SHLD), Wendy's (WEN), and WPX Energy (WPX).
News For BKS;CVC;DPZ;IRM;KSS;ORN;RDC;SHLD;WEN;WPX From The Last 14 Days
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September 25, 2014
05:42 EDTORNOrion Marine continues to see positive development in 2H14
Orion Marine Group' outlook for the second half of 2014 continues to show positive development. Delayed projects from Q2 have now fully begun and are contributing to higher levels of overall asset utilization. As expected, the company has also seen an improvement in lettings from the U.S. Army Corps of Engineers during Q3. To date, during Q3, the company has bid on approximately $209M worth of opportunities and has been successful on approximately $66M, representing a win rate of approximately 32%. Additionally, the company currently has approximately $170M worth of bids outstanding, of which it is the apparent low bidder on approximately $47M. The company reminds investors that the timing and size of awards can and does affect the win rate in any particular quarter. During Q3, the company has had a sequential decline in the amount of bid opportunities the company bid on due to normal fluctuations in the timing of lettings and the bid selection process. The company remains pleased with its level of bid opportunities in its tracking database and believes there is ample opportunity to support the continued growth of the company. While the company would have preferred to see a full FY15 appropriations bill passed, Congress did pass a Continuing Resolution to fund the federal government until December 11. The company is hopeful that Congress will fund the Federal Government, including the Corps of Engineers, for the balance of the Government's FY15, once Congress returns after the mid-term elections. Private sector opportunities continue, as demand for expanded waterside infrastructure remains strong. The company expects private sector opportunities to remain strong for the foreseeable future.
September 24, 2014
10:29 EDTSHLDESL says PYOF 2014 Loans purchased 12.5% stake in Sears loan
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September 23, 2014
13:02 EDTRDCBlue Harbour Group raises stake in Rowan Companies to 7.9% from 6.5%
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September 22, 2014
11:26 EDTSHLDOptions with increasing implied volatility
Options with increasing implied volatility: SHLD VRTX TRP AGNC
06:59 EDTSHLDSears failed to get 'acceptable' bids for Sears Canada unit, NY Post reports
Sears failed to get any acceptable bids for its Sears Canada unit after potential bidders examined the company’s books, the New York Post reports. Sears was forced last week to take out a $400M loan from CEO Eddie Lampert's hedge fund. Reference Link
September 19, 2014
17:17 EDTSHLDESL Partners reports 48.5% stake in Sears, provides update on loan talks
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September 18, 2014
18:25 EDTSHLD, WENOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:33 EDTSHLDFairholme Capital reports 24.0% stake in Sears
The St. Joe Company, an affiliate of the Fund and Fairholme, is in discussions with the company regarding the $400M secured short-term loan disclosed on the 8-K filed by the Issuer on September 15. The St. Joe Company may invest up to $100M in participations relating to the Short Term Loan.
17:19 EDTWENTrian reports 24.39% stake in Wendy's
10:56 EDTSHLDSears operations erasing $10/share in value each year, says Credit Suisse
In a note titled "Thinking About 'The End,'" Credit Suisse earlier today said events over the past month "had to shake supplier confidence" in Sears. The firm noted that Sears is generating negative operating cash flow of between $1B-$2B in 2014. Credit Suisse concludes that if Sears' real estate assets are worth as much as bulls think they are, then the company should liquidate since its operations are taking over $10 per share of value away every year. It has Underperform rating on Sears with a $20 price target. Shares of the retailer are down 2%, or 66c, to $28.90 in morning trading.
10:00 EDTKSSOn The Fly: Analyst Upgrade Summary
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
06:12 EDTKSSKohl's upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Kohl's to Buy on expectations the company's comp store sales and margins will improve due to better product assortment, loyalty program leverage and inventory management. Citi raised its price target for shares to $70 from $63.
05:28 EDTBKSBarnes & Noble NOOK Press partners with The Bookseller
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September 17, 2014
17:18 EDTRDCRowan Companies CFO J. Kevin Bartol retiring
Rowan Companies CFO & Treasurer J. Kevin Bartol has decided to leave the company to pursue other opportunities. Mr. Bartol will continue to serve until a successor is chosen and a smooth transition is completed. The company is conducting a search and intends to name Mr. Bartol's successor in short order. The company also announced that Melanie M. Trent has been promoted to Executive VP, General Counsel and Chief Administrative Officer and will assume responsibility for the Legal function, as well as retain responsibility for the Human Resources, Information Technology and Communications departments. Ms. Trent succeeds John L. Buvens, Jr. who is retiring.
13:34 EDTRDCRowan Companies downgraded to Hold from Buy at Societe Generale
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:01 EDTKSSKohl's to hire over 67K associates this holiday season
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07:39 EDTIRMMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
05:46 EDTSHLDStocks with implied volatility above IV index mean; SHLD GTAT
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