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Stock Market & Financial Investment News

News Breaks
May 30, 2014
12:39 EDTBLOX, BIG, SPLK, BNNY, NQ, LGFOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending fell in April. There has been little for investors to get excited about, as the personal income and spending reports were mixed and the University of Michigan consumer confidence reading was generally in-line with expectations. Volume remains light and the news flow is slow, suggesting the market may drift into the close of the day, which also brings the week and the month to an end. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in April, matching expectations, while consumer spending fell 0.1%, versus an expected increase of 0.2%. The Chicago ISM index rose 2.5 points to 65.5 in May, which was much better than expected. The final University of Michigan consumer confidence reading for May came in at 81.9, which was up just 0.1 from the prior reading and a hair below the expected 82.5 figure. COMPANY NEWS: Shares of Infoblox (BLOX) plunged 40% after the company's outlook for the new quarter missed expectations, its CEO Robert Thomas said he will step down and the shares were downgraded by at least six Street research firms. MAJOR MOVERS: Among the notable gainers was closeout retailer Big Lots (BIG), which gained 12.5% after the company reported first quarter results that exceeded expectations and raised its guidance. Also higher was China's NQ Mobile (NQ), which provides mobile Internet services focused on security, privacy and productivity. The stock rose 17% after the company said it now expects its Q1 revenues to exceed the previously announced guidance range of $75M-$76M, noting it saw continued strength in its businesses and that its unaudited results will be released "as soon as practicable." Among the noteworthy losers following their earnings reports were data analysis software provider Splunk (SPLK), which fell 17%, film and television show maker Lions Gate Entertainment (LGF), which dropped 12%, and natural and organic food company Annie's (BNNY), which slid nearly 10%. INDEXES: Near midday, the Dow was down 31.99, or 0.19%, to 16,666.75, the Nasdaq was down 15.01, or 0.35%, to 4,232.93, and the S&P 500 was down 1.64, or 0.09%, to 1,918.39.
News For BLOX;NQ;SPLK;LGF;BNNY;BIG From The Last 14 Days
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July 1, 2015
10:00 EDTSPLKOn The Fly: Analyst Initiation Summary
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09:41 EDTNQRosenblatt sees increased likelihood of asset sales for NQ Mobile
09:03 EDTLGFLionsgate and Hasbro agrees to bring Monopoly to the big screen
Lionsgate (LGF) and Hasbro (HAS) are partnering to bring the iconic game MONOPOLY to the big screen, the two companies announced. Academy Award-nominated Andrew Niccol will write the screenplay for MONOPOLY, which will be produced by Lionsgate and Hasbro's Allspark Pictures. Lionsgate will finance the movie.
June 30, 2015
17:06 EDTSPLKSplunk initiated with an Outperform at Raymond James
Target $80.
June 29, 2015
07:42 EDTLGFLionsgate merger with Starz looks increasingly logical, says Stifel
Stifel says that it has become more convinced of the logic of a potential merger between Lionsgate (LGF) and Starz (STRZA). The firm thinks that such a deal would positively impact Lionsgate's cah flow, increase its leverage capacity and expand its OTT content platform. The firm says that a combination of EPIX and Starz would be positive for both platforms, and it increased its price target on Lionsgate to $42 from $39 while keeping a Buy rating on the shares.
June 24, 2015
17:36 EDTBIGBig Lots CEO establishes 10b5-1 plan
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June 23, 2015
09:02 EDTLGFLionsgate promotes Tim Palen to Chief Brand Officer
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June 22, 2015
09:06 EDTBIGBig Lots launches Big Lots Latino
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