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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:49 EDTCAT, CAMPCalAmp likely to meet or beat Street EPS view, says Stephens
Stephens expects CalAmp to meet or beat the consensus EPS view when it reports its Q1 results tonight after the close. The firm also believes that CalAmp's asset tracking hardware opportunity with Caterpillar (CAT) is on track to start shipments in the second half of this year. Stephens maintain its Overweight rating and $25 price target on shares of CalAmp.
News For CAMP;CAT From The Last 14 Days
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October 9, 2015
18:18 EDTCAMPCalAmp management to meet with Stephens
Meeting to be held in St. Louis, MO on October 13 hosted by Stephens.
October 6, 2015
18:20 EDTCAMPCalAmp management to meet with Sidoti
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11:26 EDTCATCaterpillar October calls active
Caterpillar October weekly 70 and 70.5 calls are active on total call volume of 18K contracts (7K puts) on takeover chatter. October weekly call option implied volatility is at 34, October is at 31, November is at 32; compared to its 52-week range of 15 to 41. Active call volume suggests traders taking positions for upside price movement.
October 2, 2015
12:40 EDTCAMPOn The Fly: Top stock stories at midday
Stocks on Wall Street were sharply lower early this morning after the government's monthly jobs report showed fewer people than expected were hired last month and wages stagnated. However, the averages gathered themselves about a half an hour after the opening bell and began drifting higher, making their way all the way back to unchanged near the lunch hour. ECONOMIC EVENTS: In the U.S., 142,000 nonfarm jobs were added last month, missing expectations for 201,000 job additions. Average hourly earnings were flat month-over-month, compared to expectations for them to rise 0.2% in September. The unemployment rate held at 5.1%, as expected. Factory orders fell 1.7% in August, versus expectations for them to drop 1.2%. COMPANY NEWS: Shares of Macau casino operators rallied following reports that the Chinese government may provide economic support to the gaming center. China's government might clarify the city's jurisdiction over certain land and sea waters, which may lead to Macau having more space for development, and the government is also looking into how to increase the city's tourism, Bloomberg said, citing local reports. At midday, shares of Wynn Resorts (WYNN) were up 17%, while Las Vegas Sands (LVS) gained 8% and MGM Resorts (MGM) rose 4%. MAJOR MOVERS: Among the notable gainers was CalAmp (CAMP), which gained 14% after the wireless communications solutions provider reported better than expected earnings and revenue. Also higher was Barracuda Networks (CUDA), which gained 11% after its board authorized the purchase of up to $50M of its common stock. JPMorgan analyst Sterling Auty says Barracuda's share repurchase program takes advantage of the stock's "attractive" valuation and sends a positive signal to the market. Among the noteworthy losers was Amicus Therapeutics (FOLD), which dropped 47% after the company said it is unlikely to submit a New Drug Application for its Fabry disease treatment to the FDA by the end of the year. Also lower were shares of Teladoc (TDOC), which fell 15% after Deutsche Bank analyst George Hill pointed out that Western Pennsylvania insurer Highmark will not be renewing its contract that is set to expire on December 31. INDEXES: Near midday, the Dow was down 4.51, or 0.03%, to 16,267.50, the Nasdaq was up 9.58, or 0.21%, to 4,636.67, and the S&P 500 was down 0.72, or 0.04%, to 1,923.10.
10:02 EDTCAMPHigh option volume stocks
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09:13 EDTCAMPOn The Fly: Pre-market Movers
HIGHER: Wynn Resorts (WYNN), up 6.7% after reports indicate Chinese government may enact new policies to support Macau's economy. Shares of fellow Macau casino operators Las Vegas Sands (LVS) and MGM Resorts (MGM) are also higher in pre-market trading. UP AFTER EARNINGS: Micron (MU), up 3.3%... CalAmp (CAMP), up 9%. DOWN AFTER EARNINGS: Progress Software (PRGS), down 14.5%. ALSO LOWER: Valeant (VRX), down 4.5% after being downgraded to Equal Weight from Overweight at Morgan Stanley... Keurig Green Mountain (GMCR), down 3.4% after disclosing that its president of U.S. sales and marketing resigned... AIG (AIG), down 3% after being downgraded to Market Perform from Outperform at FBR Capital... Gilead (GILD), down 2% following a downgrade to Equal Weight at Morgan Stanley.
October 1, 2015
19:23 EDTCAMPOn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 9%... Micron Technology (MU), up 7%. ALSO HIGHER: bebe stores (BEBE), up 12.7% after reaffirming its first quarter guidance and announcing that its September Same Store Sales turned positive... Coherus Biosciences (CHRS), up 7.5% after CHS-1701 PK/PD study met primary PD endpoints... Nordstrom (JWN), up 3.6% after announcing a special cash dividend and additional $1B repurchase program. DOWN AFTER EARNINGS: Progress Software (PRGS), down 15.7%. ALSO LOWER: Keurig Green Mountain (GMCR), down 3.1% after disclosing the that president of U.S. sales and marketing, John Whoriskey, resigned... T-Mobile (TMUS), down 1.4% after Experian (EXPGY) disclosed a data breach affecting T-Mobile customers... XenoPort (XNPT), down 5.2% after announcing that the company will discontinue the development of XP23829.
16:17 EDTCAMPCalAmp up 6.7% after reporting Q2 results
16:03 EDTCAMPCalAmp sees FY16 revenue $281M-$289M, consensus $283.40M
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16:03 EDTCAMPCalAmp sees Q3 EPS 26c-30c, consensus 28c
Sees Q3 revenue $71M-$76M, consensus $73.07M.
16:02 EDTCAMPCalAmp reports Q2 EPS 27c, consensus 26c
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15:00 EDTCAMPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Micron (MU), consensus 33c... Progress Software (PRGS), consensus 37c... CalAmp (CAMP), consensus 26c.
September 30, 2015
16:26 EDTCATCaterpillar announces price action of 0%-2% worldwide on most machines
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September 28, 2015
07:00 EDTCATCaterpillar shares attractive after selloff, says Deutsche Bank
Deutsche Bank analyst Vishal Shah says that after dropping 7% since the 2015 guidance cut, shares of Caterpillar are attractive. Earnings per share will tough at $3.75 in 2016 and rebound to $4.10 in 2017, Shah tells investors in a research note. He keeps a Buy rating on the stock with an $80 price target.

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