New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 4, 2013
10:55 EDTWSM, MTG, TRP, NS, BPIHigh option volume stocks: BPI NS WSM TRP MTG
News For BPI;NS;WSM;TRP;MTG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 8, 2015
10:00 EDTWSMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:34 EDTMTGActive equity options trading on open
Active equity options trading on open: AAPL MTG FCX V TWTR PYPL JPM GOOGL TSLA GPRO HLF
06:51 EDTTRPTransCanada agrees to acquire Ironwood power plant from Talen Energy
TransCanada Corporation (TRP) announced that it has reached an agreement to acquire the Ironwood natural gas fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 MW, from Talen Energy (TLN) for $654M. At closing, $42M in debt will be assumed and then repaid within 45 days of closing out of funds placed into escrow by the seller. The acquisition is expected to be immediately accretive to earnings and cash flow and generate approximately $90M-$110M in earnings before interest, taxes, depreciation and amortization annually through a combination of capacity payments and energy sales.
06:44 EDTTRPTalen Energy agrees to sell three PA power plants for $1.51B
Subscribe for More Information
05:53 EDTWSMWilliams-Sonoma initiated with a Hold at Jefferies
Target $83.
October 7, 2015
08:40 EDTTRPTransCanada announces binding open season for Cushing Marketlink
TransCanada launched an Open Season to obtain binding commitments from interested parties for transportation of crude oil on Cushing Marketlink from Cushing, Oklahoma to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the Open Season that will close on November 6 at Noon MST. The anticipated commencement date for crude oil transportation service is early Q1 of 2016.
October 1, 2015
07:05 EDTBPIBridgepoint Education appoints Kevin Royal as CFO
Subscribe for More Information
September 30, 2015
09:02 EDTTRPTransCanada to apply to Nebraska PSC to approve Keystone XL
Subscribe for More Information
06:20 EDTTRPTransCanada to end legal fight with Nebraska landowners, Globe and Mail says
TransCanada is altering its strategy to get the Keystone XL pipeline built through Nebraska by ending a legal skirmish with landowners opposed to the project and instead going to the state's Public Service Commission for approval, the Globe and Mail reports. The company has been trying to achieve U.S. approvals for the $8B pipeline for the past seven years and has said that the new strategy is about avoiding an arduous legal process in Nebraska, the report says. Opponents of the project believe that TransCanada's shift in strategy is a sign that the company needs to reduce legal costs, the report says. Reference Link
September 25, 2015
12:38 EDTMTGOptions with increasing implied volatility
Subscribe for More Information
11:48 EDTWSMPier 1 Imports plunges to 52-week low after cutting FY16 outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) are sinking after the company's second quarter results missed analysts' consensus estimates. The company also lowered its outlook for fiscal year 2016. WHAT'S NEW: After the close on Thursday, Pier 1 Imports reported Q2 earnings per share of 4c and revenue of $430M, missing analysts' consensus estimates of 7c and $435.38M, respectively. Company comparable sales increased 2.5% in Q2, or 3.8% on a constant currency basis. Alex Smith, the company's president and chief executive officer, commented in the earnings report that top line growth in the period was "below our expectations." Smith noted that margins were impacted by higher promotional and clearance activity, as well as inventory-related issues within its distribution center network. Looking ahead, Pier 1 Imports expects third quarter EPS of 10c-14c, far short of analysts' consensus estimates of 23c. Company comparable sales growth, which includes e-commerce, is expected in the low-single digits for the quarter. WHAT'S NOTABLE: Pier 1 lowered its FY16 EPS view to 56c-64c from 83c-87c, well below analysts' estimates of 83c. The company also cut its FY16 company comparable sales growth view, including e-commerce, to low single-digits from its prior view of mid-single digits. For FY16, Pier One sees capital expenditures of approximately $60M, EBITDA margins of approximately 7.5%-8% and merchandising margin, as a percentage of sales, of 55.5%-56%. Smith said the company is on track to end FY16 with year-over-year inventory levels "down meaningfully," but noted that operating with elevated inventories "has been a challenge." PRICE ACTION: In late morning trading, Pier 1 Imports fell $1.45, or 16.71%, to $7.23 on more than seven times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $6.84. Including today's pull back, the shares have lost approximately 40% over the past year. OTHERS TO WATCH: Other home furnishing retailers include Williams-Sonoma (WSM), up 0.73% and Restoration Hardware (RH), up 0.11%.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use