New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 4, 2013
10:24 EDTCAH, USB, UA, URBN, TXT, TOWR, PLL, FST, ARUN, TXRH, TGT, C, ESE, FRC, ILMN, JNJ, MAT, ZQK, STI, HRLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cardinal Health (CAH) upgraded to Buy from Neutral at Mizuho... Citigroup (C) upgraded to Conviction Buy from Buy at Goldman... ESCO Technologies (ESE) upgraded to Outperform from Neutral at RW Baird... First Republic Bank (FRC) upgraded to Buy from Hold at Deutsche Bank... Illumina (ILMN) upgraded to Overweight from Neutral at Piper Jaffray... Johnson & Johnson (JNJ) upgraded to Buy from Hold at Deutsche Bank... Mattel (MAT) upgraded to Buy from Hold at Needham... Quiksilver (ZQK) upgraded to Buy from Neutral at Goldman... SunTrust (STI) upgraded to Buy from Neutral at Goldman... Target (TGT) upgraded to Buy from Neutral at Janney Capital... Texas Roadhouse (TXRH) upgraded to Buy from Hold at Deutsche Bank... U.S. Bancorp (USB) upgraded to Buy from Hold at Deutsche Bank... Under Armour (UA) upgraded to Outperform from Neutral at Credit Suisse... Urban Outfitters (URBN) upgraded to Outperform from Neutral at Credit Suisse... Textron (TXT) upgraded to Outperform from Neutral at Credit Suisse... Tower International (TOWR) upgraded to Neutral from Underweight at JPMorgan... Pall Corp. (PLL) upgraded to Neutral from Underperform at Macquarie... Forest Oil (FST) upgraded to Market Perform from Underperform at Raymond James... Aruba Networks (ARUN) upgraded to Buy from Hold at Stifel Nicolaus... Hormel Foods (HRL) upgraded to Outperform from Underperform at CLSA.
News For CAH;C;ESE;FRC;ILMN;JNJ;MAT;ZQK;STI;TGT;TXRH;USB;UA;URBN;TXT;TOWR;PLL;FST;ARUN;HRL From The Last 14 Days
Check below for free stories on CAH;C;ESE;FRC;ILMN;JNJ;MAT;ZQK;STI;TGT;TXRH;USB;UA;URBN;TXT;TOWR;PLL;FST;ARUN;HRL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
September 5, 2014
12:19 EDTURBNGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:43 EDTURBNZumiez sinks as company provides 'disappointing' Q3 outlook
Subscribe for More Information
10:32 EDTZQKQuiksilver tumbles as company reports Q3 earnings miss
Subscribe for More Information
10:20 EDTTXTCessna citation CJ3+ gains FAA certification
Subscribe for More Information
10:05 EDTJNJOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Actavis (ACT) initiated with a Buy at ISI Group... Akamai (AKAM) initiated with a Buy at UBS... Alexion (ALXN) initiated with a Buy at SunTrust... Allegion (ALLE) initiated with a Buy at Buckingham... Allergan (AGN) initiated with a Buy at ISI Group... Aviat Networks (AVNW) initiated with a Neutral at H.C. Wainwright... Celgene (CELG) initiated with a Buy at SunTrust... EZCORP (EZPW) initiated with a Hold at Jefferies... Eaton (ETN) initiated with a Neutral at Buckingham... Emerson (EMR) initiated with a Neutral at Buckingham... HMS Holdings (HMSY) initiated with an Overweight at Stephens... Incyte (INCY) initiated with a Buy at SunTrust... Ingersoll-Rand (IR) initiated with a Neutral at Buckingham... Insmed (INSM) initiated with an Outperform at Cowen... Intercept (ICPT) initiated with an Outperform at Cowen... Johnson & Johnson (JNJ) initiated with an Outperform at BMO Capital... Lennox (LII) initiated with a Neutral at Buckingham... Mylan (MYL) initiated with a Hold at ISI Group... Orion Engineered Carbons (OEC) initiated with a Buy at Goldman... Parker-Hannifin (PH) initiated with a Buy at Buckingham... Pentair (PNR) initiated with a Neutral at Buckingham... Pharmacyclics (PCYC) initiated with a Neutral at SunTrust... Rockwell Automation (ROK) initiated with a Neutral at Buckingham... Sabre (SABR) initiated with an Outperform at Oppenheimer... Santander Consumer (SC) initiated with a Buy at Jefferies... Springleaf (LEAF) initiated with a Buy at Jefferies... Susser Petroleum (SUSP) initiated with a Neutral at Credit Suisse... Teva (TEVA) initiated with a Buy at ISI Group... Valeant (VRX) initiated with a Buy at ISI Group... WESCO (WCC) initiated with a Neutral at Buckingham... Watsco (WSO) initiated with a Neutral at Buckingham... Weyerhaeuser (WY) initiated with a Neutral at JPMorgan... World Acceptance (WRLD) initiated with a Hold at Jefferies.
09:16 EDTZQKOn The Fly: Pre-market Movers
Subscribe for More Information
09:06 EDTCCFTC concerned about banks shifting trading operations overseas, WSJ says
Subscribe for More Information
08:41 EDTJNJJohnson & Johnson initiated with an Outperform at BMO Capital
Target $118.
08:02 EDTHRLHormel Foods CEO sees innovation efforts, new markets as growth vehicles
During the annual Barclays Back-to-School Consumer Conference, Jeffrey M. Ettinger, chairman of the board, president and CEO at Hormel Foods, offered insights on the company’s strategies for driving growth, including innovation efforts to deliver products that fit the needs of today’s consumer. Particular areas of interest include growing trends in portable and nutritious foods, multicultural flavors and expansion into global markets. “Our continued focus on innovation has brought creative and convenient value-added food products to consumers,” Ettinger said. “It has also enabled us to keep our broad portfolio of iconic brands fresh and relevant with new flavors, packaging and convenience. In August, Hormel Foods acquired CytoSport Holdings, Inc., the maker of Muscle Milk products. CytoSport’s brands align with the company’s focus on protein, while further diversifying the Hormel Foods portfolio. The acquisition will serve as a growth catalyst for the company’s Specialty Foods segment, and also offers a branded avenue for our company in the fast growing sports nutrition space. Ettinger stated Muscle Milk products will be a key contributor to the company’s growing portfolio of products focused on portable foods and better-for-you trends. In addition to innovation, the company will be focusing on driving sales outside of the United States as Ettinger stated, “We have done a nice job of expanding sales of our SPAM family of products outside the United States, and SKIPPY peanut butter has been a complimentary growth vehicle for our international business.”
07:26 EDTCApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
September 4, 2014
18:28 EDTZQKOn The Fly: After Hours Movers
Subscribe for More Information
16:15 EDTZQKQuiksilver drops 15.5% after reporting unexpected Q3 loss
Subscribe for More Information
16:11 EDTZQKQuiksilver reports Q3 company-owned retail stores SSS up 1%
Subscribe for More Information
16:09 EDTZQKQuiksilver reports Q3 EPS ex-items (20c), consensus 3c
Subscribe for More Information
11:05 EDTJNJJ&J unit Janssen receives orphan status for whipworm treatment
Subscribe for More Information
09:35 EDTCActive equity options trading on open
Subscribe for More Information
08:25 EDTTGTHome Depot could see less impact than Target from data breach, says BMO Capital
Subscribe for More Information
06:40 EDTC, USBAgencies finalize liquidity rule for large banks
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized a rule yesterday that they said would strengthen the liquidity positions of large financial institutions. The rule will for the first time create a standardized minimum liquidity requirement for large and internationally active banking organizations., according to the agencies. Each institution will be required to hold high quality, liquid assets, or HQLA, such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period, the agencies explained. The ratio of the firm’s liquid assets to its projected net cash outflow is its “liquidity coverage ratio,” or LCR, they said. The LCR will apply to all banking organizations with $250B or more in total consolidated assets or $10B or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10B or more, the agencies reported. The rule also will apply a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50B or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule. The final rule is largely identical to the proposed rule, with a few key adjustments in response to comments from the public, the agencies stated. Those adjustments include changes to the range of corporate debt and equity securities included in HQLA, a phasing-in of daily calculation requirements, a revised approach to address maturity mismatch during a 30-day period, and changes in the stress period, calculation frequency, and implementation timeline for the bank holding companies and savings and loan companies subject to the modified LCR. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
06:13 EDTCCitigroup settles potential civil liability for violating sanction programs
Subscribe for More Information
05:23 EDTJNJJohnson & Johnson to fast-track development of Ebola combination vaccine regimen
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | all recent news | >>

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