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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:00 EDTSLM, NAVI, MON, KORS, MEI, MRVL, KATE, HAR, GTE, THRM, GNTX, GST, GCAP, CBMXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CombiMatrix (CBMX) initiated with a Buy at Ladenburg... GAIN Capital (GCAP) initiated with an Outperform at Keefe Bruyette... Gastar Exploration (GST) initiated with a Buy at Wunderlich... Gentex (GNTX) initiated with an Outperform at FBR Capital... Gentherm (THRM) initiated with a Market Perform at FBR Capital... Gran Tierra (GTE) initiated with a Neutral at Goldman... Harman (HAR) initiated with a Market Perform at FBR Capital... Kate Spade (KATE) initiated with a Buy at Nomura... Marvell (MRVL) initiated with an Equal Weight at Morgan Stanley... Methode Electronics (MEI) initiated with an Outperform at FBR Capital... Michael Kors (KORS) initiated with a Buy at Nomura... Monsanto (MON) initiated with an Outperform at BMO Capital... Navient (NAVI) initiated with an Equalweight at Barclays... Sallie Mae (SLM) initiated with a Neutral at Janney Capital.
News For CBMX;GCAP;GST;GNTX;THRM;GTE;HAR;KATE;MRVL;MEI;KORS;MON;NAVI;SLM From The Last 14 Days
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October 22, 2014
08:48 EDTGNTXGentex sees Q4 total light vehicle production down 1% to 12.42M
08:26 EDTGNTXGentex sees Q4 net sales up approx. 10%-15% vs. the year ago period
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08:02 EDTGNTXGentex reports Q3 EPS 49c, consensus 47c
Reports Q3 revenue $350.9M, consensus $338.88M.
05:29 EDTGCAPGAIN Capital downgraded to Market Perform from Outperform at Keefe Bruyette
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October 21, 2014
10:32 EDTGNTXGentex may give better than expected Q4 guidance, says Wells Fargo
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October 20, 2014
13:10 EDTKORS, KATESteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
October 16, 2014
14:13 EDTMONU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 15, 2014
16:18 EDTNAVINavient reports Q3 core EPS 52c, consensus 52c
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15:28 EDTNAVINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
October 14, 2014
17:11 EDTGSTIntegrated Core Strategies reports 4.9% passive stake in Gastar Exploration
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17:03 EDTKATEKate Spade appoints Thomas Linko as CFO
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15:29 EDTSLMNotable companies reporting after market close
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05:48 EDTKORSMichael Kors initiated with a Hold at Stifel
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October 13, 2014
10:08 EDTNAVIOn The Fly: Analyst Upgrade Summary
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07:45 EDTMONU.S. chemical company declines an overreaction to macro outlook, says UBS
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05:59 EDTNAVINavient upgraded to Overweight from Equal Weight at Barclays
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October 12, 2014
17:27 EDTGNTXBorgWarner, Delphi Automotive, Gentex look cheap, Barron's says
BorgWarner (BWA), Delphi Automotive (DLPH), Gentex (GNTX), look cheap and promising, Barron's contends in a feature article. Reference Link
17:20 EDTMONGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
12:05 EDTMONUSDA raises U.S. corn production estimate to 14.475B
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10:09 EDTMRVLMarvell management to meet with JPMorgan
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