New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 3, 2014
09:14 EDTCACI, FIO, LQDT, BKS, CYTR, MON, PLUG, ORCL, VVUS, LMCAOn The Fly: Pre-market Movers
HIGHER: Plug Power (PLUG), up 3% after agreeing to acquire hydrogen fuel cell stack technology developer ReliOn... Fusion-io (FIO), up 2% after announcing a collaboration with Oracle (ORCL) on the development of flash-aware interfaces for MySQL... Monsanto (MON), up 1.5% following upgrades to Overweight at JPMorgan... CytRx (CYTR), up 9.7% after announcing data from a trial that it said supports the current evaluation of aldoxorubicin as a treatment for patients with GBM tumors. LOWER: Liquidity Services (LQDT), down 13% after confirming it withdrew from live auction bidding for the DoD rolling stock contract, shares downgraded to Neutral at RW Baird... Barnes & Noble (BKS), down 9% after Liberty Media (LMCA) agreed to reduce its stake in B&N... VIVUS (VVUS), down 5% following downgrade to Underweight at Piper Jaffray... CACI International (CACI), down 8.7% after cutting its fiscal 2014 earnings and sales outlook, citing reduced government spending and delays in award activity.
News For BKS;LMCA;PLUG;LQDT;VVUS;MON;FIO;ORCL;CYTR;CACI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
February 5, 2016
08:13 EDTCACICACI upgraded to Buy from Neutral at Citi
Subscribe for More Information
February 4, 2016
10:52 EDTBKSOptions with increasing implied volatility: MPLX BOFI BKS NAT KSS
Subscribe for More Information
07:14 EDTLQDTLiquidity Services remains cautious for FY16 outlook
Cites the changing mix and volume of supply in our DoD and commercial business, in part due to lower commodity prices and macro weakness in the energy sector. The company adds, "While we anticipate a benefit to earnings in FY16 compared to FY15 from the sale of the Jacobs Trading business, client engagements and the mix of property received under select retail client programs are unpredictable, resulting in lower supply and lower per unit prices in certain categories. In the longer term, we expect our business to benefit from: innovative new service capabilities and more efficient business operations from our LiquidityOne investment program; improved monetization of our buyer base through the deployment of our new integrated marketplace system and data warehouse; increased outsourcing of reverse supply chain activities in response to our new model and the rise of e-commerce and sustainability programs; and (iv) increased brand recognition as a market leader due to our proven track record, innovative scalable solutions and the ability to make a strategic impact in the reverse supply chain."
07:14 EDTLQDTLiquidity Services says difficult to forecast sales as DoD business seen changes
Subscribe for More Information
06:59 EDTLQDTLiquidity Services reports Q1-end registered buyers 2.88M
Reports Q1-end auction participants 561K. Reports Q1 completed transactions 133K.
06:58 EDTLQDTLiquidity Services sees Q2 adjusted EPS (11c)-0c, consensus 3c
Subscribe for More Information
06:57 EDTLQDTLiquidity Services: Q1 dampened by lower commodity prices
The company commented, "Our Q1 results were dampened by lower commodity prices which have adversely affected the pricing and volume of transactions in our DoD and capital assets marketplaces. However, we continue to expand our commercial and municipal government client base as our marketplace and integrated services are highly relevant to organizations seeking to manage total supply chain costs in the current business climate. We also continued to make progress on the design and build of our LiquidityOne platform to provide customers the next generation of cloud based marketplace, analytics and returns management solutions. We are testing our new product and service capabilities with customers and are excited by the initial feedback and the new opportunities we are uncovering to grow our business over the long term."
06:56 EDTLQDTLiquidity Services reports Q1 EPS (17c), consensus (5c)
Subscribe for More Information
February 3, 2016
16:40 EDTBKSOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but were unable to hold their early gains. Following larger than expected builds in energy inventories, oil moved lower, taking equities with it. By the noon hour oil prices recovered and moved higher once again, helping to lift equities. While oil prices continued their advance and moved up more than 7%, stocks lagged, especially the Nasdaq, which was down as much as 1.5% this afternoon. That changed in the last hours of trading, which saw the Dow spurt higher and the Nasdaq recover most of its losses heading into another heavy dose of corporate earnings reports after the close. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 4.75% to $27.68 after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's chairman, said the board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders... Chipotle Mexican Grill (CMG) fell 2.89% to $461.92 after reporting lower than expected revenue and a 14% plunge in same-store sales for the quarter. Adding to the negative headlines, the restaurant operator also disclosed a subpoena broadening the scope of a criminal investigation that was previously limited to a single Chipotle location in California. Also punished by food safety worries were shares of Buffalo Wild Wings (BWLD), which slid 4.24% to $143.64 after one of its restaurants was named a suspected source of new norovirus-like cases in suburban Kansas City, though the company disputed a link between its location and the illnesses. The stock continued to move lower in after-hours trading following the company's earnings report and lower than expected guidance... Merck (MRK) was one of the worst performers on the Dow, dipping to as low as $48.58 before ending the day down 0.7% at $50.04 after its earnings narrowly topped estimates but guidance for the new year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 5.95% following its report, while General Motors (GM) slid 2.43%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied 8% to $49.56 after announcing a restructuring plan that will see its workforce cut by roughly 10%. Also higher was Angie's List (ANGI), which jumped 13.53% to $9.48 after the New York Post reported that InterActiveCorp (IAC) is preparing a "big run" to acquire the company. In addition, Syngenta (SYT) rose 2% to $80.21 after receiving a $43B-plus takeover offer from ChemChina. Among the noteworthy losers was Lowe's (LOW), which fell 6.2% to $67.42 after agreeing to acquire Canada's RONA in a deal valued at $2.3B. Also lower was Barnes & Noble (BKS), which declined 9.6% to $7.32 after mall operator General Growth (GGP) said during a conference call that Amazon (AMZN) plans to open 300-400 physical bookstores. After the closing bell, General Growth CEO Sandeep Mathrani indicated that his previous statement "was not intended to represent Amazon's plans." Meanwhile, Marathon Petroleum (MPC), Mondelez (MDLZ) and Match Group (MTCH) lost 7.6%, 6.5% and 12.6%, respectively, following their quarterly reports. INDEXES: The Dow rose 183.12, or 1.13%, to 16,336.66, the Nasdaq fell 12.71, or 0.28%, to 4,504.24, and the S&P 500 advanced 9.50, or 0.5%, to 1,912.53.
16:27 EDTCACICACI sees NSS acquisition generating $400M-$450M in revenue
Following are the key factors related to the company's updated FY16 guidance: Expects that the acquisition of NSS will generate $400M-$450M in revenue and $10M-$15M of net income before $6M-$7M of one-time, after-tax acquisition-related costs in the second half of FY16. In addition, the company incurred about $3M of one-time, after-tax acquisition expenses in the first half. Depreciation and intangible amortization is now expected to be approximately $65M. Net interest expense is now expected to be approximately $42M. Expects that operating cash flow will be in excess of $225M.
16:24 EDTCACICACI raises FY16 EPS view to $5.37-$5.77 from $5.24-$5.65, consensus $5.52
Subscribe for More Information
16:23 EDTCACICACI raises FY16 guidance
Subscribe for More Information
16:22 EDTCACICACI reports Q2 EPS $1.23, consensus $1.17
Reports Q2 revenue $830.4M, consensus $815.69M.
08:06 EDTMONMonsanto announces commercial launch plans for Roundup Ready 2 Xtend soybeans
Subscribe for More Information
07:55 EDTPLUGPlug Power coverage assumed with a Neutral at Roth Capital
February 2, 2016
19:22 EDTBKSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 16.5%... Wabash National (WNC), up 9.7%... Oclaro (OCLR), up 6.8%... Myriad Genetics (MYGN), up 8%... Ultimate Software Group (ULTI), up 6.2%... Natural Health (NHTC), up 6.2%... Edwards Lifesciences (EW), up 6.2%... Viavi Solutions (VIAV), up 2.4%... Gilead Sciences (GILD), up just under 1%. DOWN AFTER EARNINGS: Match Group (MTCH), down 7.3%... Yahoo (YHOO), down 1.2%... Chipotle (CMG), down 7.1%. ALSO LOWER: Barnes & Noble (BKS), down 2.4% after General Growth (GGP) CEO Sandeep Mathrani announced that Amazon (AMZN) is going to open 300-400 brick-and-mortar bookstores.
16:14 EDTBKSAmazon.com said to plan hundreds of physical bookstores, DJ reports
Subscribe for More Information
05:41 EDTORCLStocks with implied volatility movement; ORCL COP
Subscribe for More Information
February 1, 2016
12:41 EDTCACICACI completes acquisition of L-3 National Security Solutions
Subscribe for More Information
January 28, 2016
05:44 EDTLMCASpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
1 | 2 >>

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