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Stock Market & Financial Investment News

News Breaks
March 7, 2013
05:55 EDTBKW, BKW, PENN, PENN, CAR, CAR, IGT, IGT, MAR, MAR, RHP, RHP, BJRI, BJRIJPMorgan to host a forum
Gaming, Lodging, Restaurant & Leisure Management Access Forum is being held in Las Vegas on March 7-8.
News For BKW;PENN;CAR;IGT;MAR;RHP;BJRI From The Last 14 Days
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January 30, 2015
09:33 EDTPENNNevada reports December Statewide gaming win down 8.1% to $950.69M
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09:01 EDTIGTInternational Game receives three recommendatoins for GTECH merger
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08:10 EDTPENNPenn National price target raised to $19 from $15 at Stifel
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January 29, 2015
08:31 EDTMARAshford Hospitality forms new company dedicated to premium hotels
Ashford Hospitality's (AHT) board of directors has approved the formation of Ashford Hospitality Select, Inc. a new privately-held company dedicated to investing primarily in existing premium branded, upscale and upper-midscale, select-service hotels, including extended stay hotels, in the U.S: Ashford Select is expected to launch sometime in 1H15. Upon launch, Ashford Trust intends to contribute to Ashford Select a portfolio of 16 of its existing select-service hotels, located in ten states operated under upscale or upper-midscale premium brands affiliated with Marriott (MAR). The estimated valuation of the 16 select-service hotels being contributed to Ashford Select is approximately $331M, which equates to a trailing 12-month capitalization rate of approximately 7.5% on net operating income. Ashford Trust expects the consideration to be payable through Ashford Select's assumption of approximately $233M of non-recourse property-level debt related to the initial properties, with the balance of the consideration payable in cash and/or equity interests in Ashford Select. Ashford Select will be advised by Ashford Inc. (AINC).
07:17 EDTPENNPenn National sees 2015 EPS 46c, consensus 42c
Sees 2015 revenue $2.74B, consensus $2.72B.
07:17 EDTPENNPenn National sees Q1 EPS 10c, consensus 9c
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07:16 EDTPENNPenn National reports Q4 EPS with charges ($3.18)
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January 28, 2015
10:32 EDTCARAvis Budget announces promotions of two senior executives
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January 27, 2015
18:20 EDTIGTOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:15 EDTIGTInternational Game says will not provide FY15 financial guidance
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16:14 EDTIGTInternational Game reports Q1 EPS 19c, consensus 25c
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15:35 EDTIGTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
11:34 EDTMARMarriott management to meet with SunTrust
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08:17 EDTMARMarriott to acquire Delta Hotels and Resorts business for $135M
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January 26, 2015
08:41 EDTPENNRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).
January 22, 2015
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 21, 2015
07:19 EDTPENNPenn National long trade in 'early innings,' says Deutsche Bank
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January 20, 2015
07:24 EDTBJRIBJ's Restaurants upgraded at KeyBanc
As previously reported, KeyBanc upgraded BJ's Restaurant to Buy from Hold. The firm cites shares underperformance, top-line momentum, and improving returns for the upgrade. Price target is $52.
06:30 EDTBJRIBJ's Restaurants upgraded to Buy from Hold at KeyBanc
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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