New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 8, 2012
15:07 EDTNVDA, IGT, JWN, CFN, DIS, MCHPCompanies reporting After the Market Close on Thursday, November 8
Notable companies reporting after the bell include CareFusion (CFN), International Game Technology (IGT), Microchip Technology (MCHP), Nordstrom (JWN), NVIDIA (NVDA) and Walt Disney (DIS).
News For CFN;IGT;MCHP;JWN;NVDA;DIS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
October 4, 2015
18:42 EDTDISDisney considering demand-based pricing for theme parks, WSJ says
Subscribe for More Information
October 2, 2015
09:44 EDTJWNOptions with increasing volume
Subscribe for More Information
07:26 EDTJWNNordstrom special dividend may disappoint some investors, says UBS
UBS analyst Michael Binetti believes Nordstrom's (JWN) decision to use $900M of the proceeds from its credit card transaction with TD Bank (TD) for a large special dividend may disappoint some investors, but thinks its significantly improved future free cash flow profile should balance things out for long-term holders. Binetti notes that Nordstrom shares are down about 9% since earnings amid sector fears of decelerating U.S. traffic, but he thinks the company's exposure to key growth areas within softlines and the low risk to its guidance continue to make the stock a Buy. The analyst keeps an $86 price target on Nordstrom shares.
October 1, 2015
19:23 EDTJWNOn 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.
16:25 EDTJWNNordstrom announces special cash dividend, additional $1B repurchase program
Nordstrom announced the closing of its credit card transaction with TD Bank U.S.A., N.A, including the sale of its credit card portfolio and the initiation of the long-term agreement under which TD is the exclusive U.S. issuer of Nordstrom-branded Visa and private label consumer credit cards. This transaction supports Nordstrom's strategy to enhance the customer experience while allowing for improvement in capital efficiency. As previously announced on May 26, Nordstrom will continue to perform all customer-facing account servicing functions, maintaining the customer-focused integration between its credit and retail operations. The Company will also continue to fund and manage the Nordstrom Rewards loyalty program, Nordstrom debit cards and Nordstrom employee accounts. This transaction is designed to have virtually no service impact on Nordstrom cardholders, customers and employees. The Company sold its credit card portfolio to TD for $2.2B, representing the gross value of the outstanding receivables. In conjunction with the transaction, the Company prepaid $325M of secured debt due October 2016 to provide the receivables free and clear.The Company intends to deploy net proceeds of $1.8B, after $325M in debt reduction and transaction costs between $35M and $45M, directly to shareholders through dividend and share repurchase. In connection with the closing, its board of directors authorized a special cash dividend and an additional $1B share repurchase program:The special cash dividend of $4.85 per share of outstanding common stock will be payable on October 27, to shareholders of record at the close of business on October 12. The Company expects the aggregate payment to be approximately $900M. The authorized share repurchase program is up to $1B of the Company's outstanding common stock, through March 1, 2017. The actual number, price, manner and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission rules. This program is in addition to the Company's existing repurchase program that was approved by its board in September 2014. The existing repurchase program has $591M outstanding as of September 30, and will expire on March 1, 2016.
10:37 EDTDISBofA/Merrill's Top 10 US Ideas for Q4 2015
Subscribe for More Information
09:35 EDTNVDAActive equity options trading on open
Subscribe for More Information
September 30, 2015
16:32 EDTNVDANVIDIA announces game streaming service GeForce NOW
NVIDIA announced its "GeForce NOW" game streaming service for the company's SHIELD line of gaming devices. The company remarked, "Forget waiting for hours for games to download. Stream the latest titles from our powerful cloud-gaming supercomputers in an instant. With our streaming technology, epic games... are never more than 30 seconds away." GeForce NOW membership is priced at $7.99 per month with the first three months free and 50 games offered at launch. The service arrives on October 1 in North America, Europe, and Japan. Reference Link
10:05 EDTJWNHigh option volume stocks
Subscribe for More Information
09:03 EDTJWNMetLife leads insurers giving $1B, 12-year loan to refinance luxury mall
Subscribe for More Information
08:45 EDTNVDANVIDIA price target raised to $30 from $28 at JMP Securities
JMP Securities increased its price target on NVIDA (NVDA) after Microsoft's (MSFT) cloud platform began offering NVIDIA's Grid 2.0 GPU virtualization solutions, JMP says that Microsoft's move "paves the way for broader Cloud adoption and further entrenchment of Nvidia Quadro solutions." The firm reiterates an Outperform rating on the stock.
September 29, 2015
15:19 EDTDISDiscovery drops as investor day fails to dispell cord-cutting fears
Shares of Discovery Communications (DISCA) have dropped today as the company held its first-ever investor day amid ongoing concerns about the potential decline of pay TV. NEW GUIDANCE: Discovery Chief Financial Officer Andrew Warren updated the company's full year 2015 outlook, saying he expects constant currency adjusted earnings per share to grow in the low double digits. The company expects revenue for the year to grow 9%-10%, with free cash flow up in low single digits. Meanwhile, year over year currency headwinds were seen deducting $460M from revenue and 24c-29c from adjusted EPS. Discovery also established long-term guidance, saying it sees its adjusted EPS compound annual growth rate up in low double digits from 2015 to 2018, on a constant currency basis. "Third quarter results are on track, highlighted by strong U.S. advertising growth," Warren added. THREE BILLION SUBSCRIBERS: CEO David Zaslav commented during the investor day that the company is "confident in the long-term outlook for our business," adding that Discovery expects to reach 3B cumulative worldwide subscribers by year's end. The Chief Executive highlighted what he called five differentiators for Discovery's growth potential, including its ownership of a growing and diverse portfolio of content and IP "that uniquely positions Discovery for the changing media landscape." CORD CUTTING: Multiple Discovery executives showcased the company's European products, including Eurosport and the Eurosport Player OTT service, as well as the company's apparent first-mover advantage in Latin America. The seemingly increased attention on foreign initiatives comes as U.S. cord-cutting trends continue generating headlines, with Citi analyst Jason Bazinet arguing as recently as September 18 that Disney (DIS) would be the only cable network to make more money in a bundle-free world. According to media reports of today's Discovery event, Chief Executive Zaslav said "it's not rational" that media companies are selling so much of their content to streaming services like Netflix (NFLX) that threaten the appeal of cable bundles. The CEO added that Discovery has assumed a 1%-2% decline in pay TV over "the next couple of years," though he reassured investor day attendees that the company's adjusted operating income should be roughly flat even in a worst-case scenario. PRICE ACTION: Shares of Discovery crashed as much as 7% in early morning trading before seeing hesitant moves higher. The stock is down just under 4% to roughly $26.70 heading towards session close.
13:34 EDTNVDAGoogle announces Pixel C high-end Chromebook tablet
Google (GOOG) announced the Pixel C, a high-end Chromebook tablet featuring a magnetically-attached keyboard. The device uses a 10.2-inch screen, an NVIDIA (NVDA) Tegra X1 processor, and USB-C "quick charge" technology. The tablet itself will launch at $499 for the 32gb model and $599 for the 64gb version, while the keyboard will retail separately for $149. The devices will be available in time for the holidays, Google noted.
06:07 EDTIGTInternational Game applications to be installed at Wynn Las Vegas
Subscribe for More Information
September 28, 2015
09:36 EDTDIS Active equity options trading on open
Subscribe for More Information
September 24, 2015
20:04 EDTDISFacebook virtual reality initiative picks up speed with $99 Samsung device
Thursday's Oculus Connect 2 event saw numerous announcements from Facebook (FB) virtual reality subsidiary Oculus VR, including content deals with major media players as well as a $99 VR headset developed in conjunction with Samsung (SSNLF). CONTENT OFFERINGS: The virtual reality firm will be partnering with Fox (FOX, FOXA) and Lionsgate (LGF) to bring more than 100 films to the Oculus Store at launch. Additionally, Netflix (NFLX), Amazon's (AMZN), TiVo (TIVO), and Hulu -- the joint venture of Disney (DIS), Fox, and Comcast's (CMCSA, CMCSK) NBCUniversal -- will be launching apps for the company's virtual reality products, bringing web TV and streaming content to early adopters of the new technology. MAINSTREAM DEVICE: Samsung joined with Oculus to reveal a new $99 "Gear VR" headset on Thursday. Standing in contrast to Oculus' own pricier devices, the Samsung headset will rely on the company's Galaxy line of smartphones to power its virtual reality experiences. Note that a major point of contention regarding the "blockbuster" potential -- or lack thereof -- of VR technology is whether consumers will be willing to pay upwards of $399 for the Oculus gadgets. Samsung's Gear VR tends more towards what Piper Jaffray analyst Gene Munster has called "medium immersion" devices, potentially allaying investor concern over adoption rates with its more attractive point of entry. PRICE ACTION: Facebook shares closed higher by 0.5% and continued to rise in after-hours trading, up another 0.2%.
13:44 EDTDISOculus says bringing Netflix, Huly to GearVR, company says in tweet
Subscribe for More Information
11:15 EDTNVDA, MCHPAnalyst sees $55,000 car from Apple as soon as 2019
Apple (AAPL) could introduce a car by as soon as 2019, but assuming an average selling price of $55,000 and 200,000 shipments, the contribution to the tech giant's earnings in that year is probably not enough to "excite" investors, said the research team at Jefferies this morning. However, a car would give the tech giant some "much needed" diversification away from the iPhone and would be positive for the broader tech space, the firm added. RIPE FOR DISRUPTION: Jefferies analysts Sundeep Bajikar, Mark Lipacis and their team say their analysis indicates the automobile industry is "ripe for disruption" and that Apple is well positioned to introduce a car, potentially as early as 2019. A car could add 32c to Apple's earnings per share in FY19 under a best-case scenario, Bajikar tells investors. He assumes a $55,000 average selling price for an Apple Car and an operating margin of 20%, over 1,000 basis points higher than the Street's 2019 margin estimate for electric carmaker Tesla (TSLA). Investors are likely to find the assumptions "highly aggressive," the analyst cautions. Meanwhile, the potential earnings impact is probably not big enough for Apple investors to get excited and earnings contributions from a vehicle may not become meaningful before iPhone decelerates, the analysts argue. However, the firm said it could get more constructive on Apple shares if diversification in earnings were to drive less iPhone risk. Bajikar and Lipacis keep a Hold rating on the iPhone maker with a $126 price target. TOP CHIP PICKS: Efforts in the car market from tech heavyweights Apple and Google (GOOGL) will lead the industry to design and sell more intelligent vehicles, accelerating the growth of semiconductors for automobiles above current forecasts, contend Jefferies' analysts in a separate note to investors this morning. The analysts lay out their top picks among automotive semiconductor suppliers, saying the pending merger of NXP Semiconductors (NXPI) and Freescale (FSL) will create the world's biggest automotive semi company, adding that growth in microcontroller content and networking applications will benefit that combined giant. NVIDIA's (NVDA) automotive sales have grown the fastest since the end of the 2012 fiscal year among the companies the firm follows, while Maxim Integrated (MXIM) had the second fastest growth in that time frame, the analysts noted in naming those two as their other top picks in the space. Lipacis and Bajikar identified Analog Devices (ADI), Microchip (MCHP) and Linear Technology (LLTC) as other notable beneficiaries from the expected growth of semiconductor content in automobiles. PRICE ACTION: Amid broad weakness in the market, Apple shares are down 1.5% to $112.56. Meanwhile, the Philadelphia Stock Exchange Semiconductor Sector index (SOX) is down 2.4% this morning.
September 23, 2015
09:18 EDTDISPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
08:18 EDTDISDisney volatility flat on tight one-month price movement
Subscribe for More Information
1 | 2 >>

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