New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 19, 2014
10:13 EDTJOE, LXRX, GES, NBHGY, LGP, CEO, SCTY, MNST, IROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
Sign up for a free trial to see the rest of the stories you've been missing.
November 29, 2015
20:19 EDTSCTYBill Gates to announce multibillion-dollar clean energy fund, Bloomberg says
Bill Gates and certain of his fellow philanthropists will announce Monday a multibillion-dollar fund for clean-energy technologies, reports Bloomberg. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL), Solar City (SCTY) and Yingli Green Energy (YGE). Reference Link
November 25, 2015
12:14 EDTGESOn The Fly: Top stock stories at midday
Stocks began the session in positive territory and have remained there throughout the morning, moving in a narrow range on fairly light volume as expected on a get-away day for many investors ahead of Thanksgiving. The tepid trading comes amid a packed economic calendar, with a number of reports that are usually scheduled for release on other days of the week being accelerated due to the holiday. ECONOMIC EVENTS: In the U.S., there was a very busy slate of economic data as several days of reports were crammed into a single morning. Jobless claims fell to 260,000 in the week ended November 21, versus expectations for 270,000 first-time claims. Personal income rose 0.4% in October, matching expectations, while spending rose 0.1%, versus expectations for spending to rise 0.3%. Durable goods orders were up 3.0% last month, versus expectations of up 1.7%. When transportation items are removed, the core reading was up 0.5%, versus expectations for it to be up 0.3%. The FHFA home price index rose 0.8% in September to a reading of 226.5. Markit's services index improved to 56.5 in the flash reading for November, topping the 55.1 forecast. New home sales rose 10.7% to a 495,000 rate in October. Consumer sentiment rose to 91.3 in the final November print of the University of Michigan survey, up from October's 90.0 reading but down from the preliminary 93.1 November reading. COMPANY NEWS: Shares of HP Inc. (HPQ) and HP Enterprise (HPE) moved in opposite directions following their last combined earnings report. HP Inc., which was downgraded by Needham analyst David Rold to Hold following last night report, fell 13% near midday. Meanwhile, HP Enterprise, which announced an Azure cloud partnership with Microsoft (MSFT) in addition to its results, gained about 3%... Deere (DE), which reported better than expected earnings and issued a 2016 sales outlook that met expectations, gained nearly 4% following its quarterly report. MAJOR MOVERS: Among the notable gainers was Pandora (P), which rallied almost 5% after it said that the Register of Copyrights ruled that it couldn't offer an opinion to counter the current "non-differentiated rate structure of licensors." Also higher was Guess (GES), which gained 8% after it reported quarterly earnings and provided guidance. Among the noteworthy losers were SunEdison (SUNE) and TerraForm Power (TERP), which fell 14% and 15%, respectively, after an analyst from UBS downgraded both companies' stocks, saying they are facing considerable risk after personnel changes at TerraForm. Also lower was PTC Therapeutics (PTCT), which lost 5% after Jefferies analyst Gena Wang downgraded its shares to Underperform, saying yesterday's FDA panel for BioMarin's (BMRN) competing muscular dystrophy drug is a negative for PTC. Following yesterday's FDA meeting, BioMarin slipped fractionally and Sarepta (SRPT), which is also competing in the same therapeutic area, was flat. INDEXES: Near midday, the Dow was up 23.48, or 0.13%, to 17,835.67, the Nasdaq was up 19.14, or 0.38%, to 5,121.94, and the S&P 500 was up 2.27, or 0.11%, to 2,091.41.
11:47 EDTGESGuess surges after Q3 profit beats estimates
Shares of Guess (GES), which licenses and distributes apparel and accessories, are advancing after the company's third quarter profit surpassed analysts' consensus estimates. WHAT'S NEW: Last night, Guess reported Q3 earnings per share of 15c, beating estimates of 11c, and revenue of $521M, matching the consensus forecast. In constant currency, total net revenue decreased 3.9%. Q3 retail comparable sales including e-commerce decreased 6% in U.S. dollars and 2% in constant currency. Victor Herrero, Chief Executive Officer, commented, "I am pleased to report that third quarter results were better than our expectations. Our European retail business was especially strong with a double digit comp sales increase for the quarter for the first time in five years." GUIDANCE: Looking ahead to Q4, Guess forecast EPS of 53c-62c, versus consensus of 59c. It sees Q4 net revenues to range between a decline of 1.5% and an increase of 1.5% in constant currency, compared to consensus of $662.8M. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 5.5%, for a net decline between 7.0% and 4.0%. The estimated impact on earnings per share of the currency headwinds is approximately 18c. For FY16, Guess raised the bottom end of its EPS outlook to 93c-$1.02 from 89c-$1.02, compared to consensus of 96c. FY16 revenue is forecast to decline between 1.5% and 0.5% in constant currency, versus consensus of $2.21B. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 8.0%, for a net decline between 9.5% and 8.5%. The estimated impact on FY16 earnings per share of the currency headwinds is approximately 40c. PRICE ACTION: In late morning trading, Guess rose $1.60, or about 8.2%, to $21.14 on heavy trading volume. Despite today's advance, the shares have lost approximately 7% over the past 12 months. OTHERS TO WATCH: Other companies that distribute and license apparel and accessories include PVH Corp. (PVH), Ralph Lauren (RL), Perry Ellis (PERY) and VF Corp. (VFC).
09:24 EDTGESOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Deere (DE), up 4.7%... TiVo (TIVO), up 4.6%... HP Enterprise (HPE), up 2.9%... Qunar (QUNR), up 2.7%... Guess (GES), up 7%. ALSO HIGHER: Aduro BioTech (ADRO), up 6.1% after confirming that all clinical trials are continuing unaltered as planned... American Capital (ACAS), up 6.9% after announcing strategic review of alternatives and expanding its share buyback program to $1B... Pandora (P), up 5.3% after reporting the opinion of the Register of Copyrights. DOWN AFTER EARNINGS: 21Vianet (VNET), down 2.3%... HP Inc. (HPQ), down 9.1%. ALSO LOWER: TerraForm Power (TERP), down 6.1% after being downgraded to Sell from Neutral at UBS... Sunedison (SUNE), down 6.6% after being downgraded to Sell from Neutral at UBS... BioMarin (BMRN), down 2.9% after FDA panel meeting about its New Drug Application for Kyndrisa.
08:36 EDTSCTYSolarCity CFO retirement likely stems from strategy change, says Roth Capital
After SolarCity's CFO announced that he would retire in February, Roth Capital says the news "feels sudden." However, the firm thinks the CFO's departure stems from the recent change in the company's strategy. Roth reiterates a $55 price target and Buy rating on the shares.
November 24, 2015
19:26 EDTGESOn The Fly: After Hours Movers
UP AFTER EARNINGS: Veeva Systems (VEEV), up 7.1%... Guess (GES), up 4.7%... HP Enterprise (HPE), up 2%. ALSO HIGHER: Aduro BioTech (ADRO), up 2.8% after confirming that all clinical trials are continuing unaltered as planned... Prima BioMed (PBMD), up 1.6% after filing its investor update ahead of its General Meeting. DOWN AFTER EARNINGS: HP Inc. (HPQ), down 7.4% after reporting quarterly results.
16:19 EDTGESGuess now sees FY16 EPS 93c-$1.02, consensus 96c
Sees FY16 revenue to decline between 1.5% and 0.5% in constant currency. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 8.0%, for a net decline between 9.5% and 8.5%. The estimated impact on FY16 earnings per share of the currency headwinds is approximately 40c.
16:18 EDTSCTYSolarCity CFO Brad Buss plans to retire
Subscribe for More Information
16:18 EDTGESGuess sees Q4 EPS 53c-62c, consensus 59c
Subscribe for More Information
16:17 EDTGESGuess reports Q3 EPS 15c, consensus 11c
Subscribe for More Information
15:23 EDTGESNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include HP Enterprise (HPE), consensus 52c... Hewlett-Packard (HPQ), consensus 45c... Veeva (VEEV), consensus 11c... Guess (GES), consensus 11c... Caleres (CAL), consensus 78c... TiVo (TIVO), consensus 8c.
14:17 EDTGESGuess technical notes ahead of earnings
The stock has been basing, with a bullish bias, since hitting fresh 52-week lows in March of this year. There is also a very large percentage of the float short at over 27%. If the news is more bullish than traders appear to be positioned for, there could be a much stronger than typical move to the upside. Resistance levels to watch from the current price of $19.82 are at $21.12, $22.39, and $23.45 which is the 52-week high. If the news is bearish, the current recovery could be disrupted. Support levels to watch as potential downside objectives would be at $18.67, $17.83, and $17.29. The 52-week low is at $16.61.
November 23, 2015
14:35 EDTSCTYSenators ask Treasury Secretary for update on SolarCity probe, Republic says
Subscribe for More Information
November 19, 2015
16:39 EDTJOESaint Joe Co. announces retirement of interim CEO Jeff Keil
The St. Joe Company announced that Jeffrey Keil is retiring from his position as President & Interim Chief Executive Officer, effective as of November 18, 2015. Mr. Keil has served as a Director on the St. Joe Board of Directors since 2011 and assumed the position of President and Interim CEO in August 2014 upon the retirement of Park Brady. Mr. Keil, who has also resigned from his position on the Board of Directors as of November 18, said "It would be difficult for me to imagine a happier way to conclude my tenure with St. Joe than by announcing that Jorge Gonzalez, a senior colleague at St. Joe, has been selected as my successor as President & CEO. Jorge has been with St. Joe for 13 years and his most recent assignment has been Senior Vice President of Development. In that capacity he supervised the long and complex sector planning entitlement process that was successfully concluded earlier this year, leaving the company in a position to advance development of the beautiful and contiguous land it has owned for over 50 years."
08:10 EDTIRIngersoll-Rand outlook positive, says KeyBanc
Subscribe for More Information
November 18, 2015
08:11 EDTSCTYMusk, Silver Lake investing over $100M in SolarCity, NY Times reports
Subscribe for More Information
November 17, 2015
13:29 EDTSCTYSunEdison selloff continues, shares down 23%
Shares of SunEdison (SUNE) continue to be weak and are down 23% to $3.49 in afternoon trading. Dan Loeb's Third Point last night disclosed it no longer owns the stock while David Einhorn's Greenlight Capital disclosed a reduced stake. Deutsche Bank analyst Vishal Shah lowered his price target for SunEdison this morning to $16 saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors. SunEdison's solar peers are also weak, with SunPower (SPWR), First Solar (FSLR) and SolarCity (SCTY) all in the red.

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