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Stock Market & Financial Investment News

News Breaks
July 15, 2013
19:11 EDTANR, JOEZ, BRO, MPC, CTAS, BERY, HSII, NQOn The Fly: After Hours Movers
HIGHER: Brown & Brown (BRO), up 1.8% after its second quarter earnings beat estimates... NQ Mobile (NQ), up 7.3% after saying it sees second quarter revenue exceeding $40M against estimates for $38.61M, and acquiring the remaining 45% stake in its Beijing NationSky subsidiary for $25.2M. DOWN AFTER EARNINGS: Cintas (CTAS), down 4%... Stanley Furniture (STLY), down 6.2%... Joe's Jeans (JOEZ), down 13.4% after earnings miss estimates and the company announces plans to buy Hudson Clothing for $97.6M. ALSO LOWER: Heidrick & Struggles (HSII), down 12.8% after the it's CEO will step down as the company announced it will pursue a standalone strategy after exploring strategic alternatives. The company also said it expects second quarter revenue to come in at the high end of its guidance range... Marathon Petroleum (MPC), down 3.4% after the company said it sees second quarter earnings below current estimates... Alpha Natural Resources (ANR), down 3.2% after the company's subsidiary Cumberland Coal suspended mine production due to adverse geological conditions... Berry Plastics (BERY), down 3.6% after the company gave a third quarter revenue view below estimates and filed to sell 15M shares of common stock for holders.
News For BRO;NQ;CTAS;JOEZ;HSII;MPC;ANR;BERY From The Last 14 Days
Check below for free stories on BRO;NQ;CTAS;JOEZ;HSII;MPC;ANR;BERY the last two weeks.
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April 11, 2014
08:53 EDTNQNQ Mobile price target lowered to $27 from $29 at Canaccord
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April 10, 2014
19:00 EDTNQOn The Fly: After Hours Movers
NOTABLE: According to a Bloomberg report that cited sources, Kathleen Sebelius, U.S. Secretary of Health and Human Services, is set to resign tomorrow. A New York Times report added that President Obama is expected to nominate Sylvia Mathews Burwell, Director of the Office of Management and Budget, as Sebelius' replacement. HIGHER: Shares of BofI Holding (BOFI) and H&R Block (HRB) both advanced after announcing a deal for BofI to acquire H&R Block's bank assets. BofI, which saw shares gain 9% after hours, said it expects ongoing annual revenue from the deal of $26M-$28M beginning with its fiscal 2015. H&R Block, which gained 7%, said it expects the deal to be 7c-9c dilutive to earnings per share beginning in its fiscal 2015, and the company said it sees the deal resulting in $200M-$250M of immediate excess capital. LOWER: Gap (GPS), down 2.6% after reporting March same-store sales that fell 6% and saying that it expects first quarter gross margins to decline more when compared to the prior year period than they did in the preceding quarter... NQ Mobile (NQ), down 8.8% after reporting earnings that missed expectations on revenue that topped estimates and saying that it identified an accounting overstatement related to share-based compensation for the three and nine months ended September 30... Datawatch (DWCH), down 25% after cutting its second quarter revenue outlook... TTM Technologies (TTMI), down 3.9% after cutting its first quarter earnings outlook and saying it expects first quarter revenue to come in at the low end of its previous guidance range.
17:23 EDTNQNQ Mobile down over 9% to $14.40 following Q4 results, guidance
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17:18 EDTNQNQ Mobile discusses accounting overstatement
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17:10 EDTNQNQ Mobile sees Q1 revenue $75M-$76M, consensus $65.5M
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17:09 EDTNQNQ Mobile raises FY14 revenue view to $320M-$325M from $305M-$310M
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17:07 EDTNQNQ Mobile reports Q4 adjusted EPS 22c, consensus 32c
Reports Q4 revenue $67.9M, consensus $62.83M.
15:25 EDTNQNotable companies reporting after market close
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April 9, 2014
16:23 EDTANROn The Fly: Closing Wrap
Stocks on Wall Street were higher after the minutes of the latest FOMC meeting struck a particularly dovish note. The averages, which were higher for the second straight session ahead of the minutes release, climbed to their highs over the final two hours of trade. Each index posted gains of over 1%, with the tech-heavy Nasdaq again the biggest winner. ECONOMIC EVENTS: The minutes for the March 18-19 FOMC showed that some committee members were concerned that its future interest rate projections could be misconstrued by the market as advocating tighter monetary policies. The minutes also showed that committee members expect to continue tapering the Fed's asset purchases if the economy performs as expected going forward. Wholesale inventories rose 0.5% in February, matching economists' forecast. COMPANY NEWS: Several auto majors were in the news, notably General Motors (GM), which fell 91c, or 2.64%, to $33.62 as the National Highway Traffic Safety Administration yesterday announced that it fined the automaker for failing to respond to the administration's inquiry into its recall related to faulty ignition switches in a timely manner. Analysts at Morgan Stanley also downgraded the stock to Underweight from Equal Weight. U.S.-listed shares of Toyota Motor (TM) fell $1.37, or 1.26%, to $107.73 after the company announced the recall of over 6M vehicles worldwide. A report from Automotive News said that Volkswagen (VLKAY) issued a stop-sale order on some of it newer-model cars, but U.S.-listed shares of the German automaker, which were upgraded earlier in the session by Bernstein to Outperform, were unfazed and gained $2.91, or 5.72%, to $53.78... Two notable initial public offerings took place today, with hotel chain operator La Quinta (LQ) gaining 12c, or 0.71%, to $17.12 and Chinese medical exam and screening center operator iKang Healthcare (KANG) gaining $1.20, or 8.57%, to $15.20, in their first day of trade. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), up $6.30, or 28.74%, to $28.22 after the company's preliminary first quarter revenue exceeded analysts' projection. Also higher was social media giant Facebook (FB), up $4.22, or 7.25%, to $62.41 after analysts at Susquehanna and SunTrust published positive commentary on the company. Among the noteworthy losers was Intuitive Surgical (ISRG), down $33.20, or 6.78%, to $456.64 after last night saying it expects first quarter revenue to come in well below expectations, though the stock was defended by no fewer than three analyst firms following the announcement. Also lower were a number of coal producers, including Alpha Natural Resources (ANR) and Walter Energy (WLT), which each lost more than 6%, and Arch Coal (ACI), which fell over 3%, after all three stocks were downgraded to Sell at UBS. INDEXES: The Dow was up 181.04, or 1.11%, to 16,437.18, the Nasdaq was up 70.91, or 1.72%, to 4,183.90, and the S&P 500 was up 20.22, or 1.09%, to 1,872.18.
16:05 EDTJOEZJoe's Jeans reports Q1 adjusted EPS 0c, consensus (4c)
Reports Q1 revenue $47.3M, one estimate $47.5M. Reports Q1 retail store net sales increased 22%. Reports Q1 wholesale net sales up 72%. Reports Q1 overall gross margin was 45% compared to 49% in 1Q13.
12:18 EDTANROn The Fly: Midday Wrap
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12:00 EDTANRAlpha Natural falls 7.8%
Alpha Natural is down 7.8%, or 38c, to $4.50
10:06 EDTBERYOn The Fly: Analyst Initiation Summary
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10:06 EDTANROn The Fly: Analyst Downgrade Summary
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09:00 EDTANRAlpha Natural falls 3.3%
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07:15 EDTBERYBerry Plastics initiated with an Outperform at Credit Suisse
Target $30.
06:40 EDTANRAlpha Natural downgraded to Sell from Neutral at UBS
UBS downgraded Alpha Natural to Sell from Neutral and lowered its price target to $3 from $5 based on lower met coal price forecasts for the sector due to oversupply issues and the latest Q2 benchmark settlement that was lower than expected. The firm expects balance sheets to be stressed and cash burn to accelerate which could result in a 2016 liquidity crisis.
April 8, 2014
10:00 EDTANRAlpha Natural rises 6.8%
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08:33 EDTNQNQ Mobile April volatility elevated at 163 into Q4
NQ Mobile April call option implied volatility is at 163, May is at 137, June is at 125, August is at 107; compared to its 26-week average of 111 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on April 11.
April 7, 2014
14:55 EDTHSIIMGP engages Heidrick & Struggles on CEO search
MGP (MGPI) announced that it has hired Heidrick & Struggles (HSII) to assist the company with the recruitment of a new CEO. Currently, Randy Schrick and Don Tracy are filling the roles of interim co-CEO's. Schrick serves as vice president of engineering at the company, and Tracy is VP of finance and CFO.
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