New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 17, 2013
10:04 EDTCHD, ANDE, ADM, HAWK, Z, RHT, VNCE, TGI, OXFD, IRM, MEP, EVGN, RDEN, CBST, TRIPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Church & Dwight (CHD) initiated with a Hold at KeyBanc...Cubist (CBST) initiated with an Outperform at JMP Securities...Eastman Chemical (EMN) initiated with a Buy at UBS...Elizabeth Arden (RDEN) initiated with a Hold at KeyBanc...Evogene (EVGN) initiated with a Buy at Deutsche Bank...Iron Mountain (IRM) initiated with a Hold at Jefferies...Midcoast Energy (MEP) initiated with a Buy at BofA/Merrill...Midcoast Energy initiated with a Buy at Goldman...Midcoast Energy initiated with a Buy at UBS...Midcoast Energy initiated with a Hold at Deutsche Bank...Midcoast Energy initiated with an Outperform at Wells Fargo...Oxford Immunotec (OXFD) initiated with an Overweight at JPMorgan...Oxford Immunotec initiated with an Overweight at Piper Jaffray...Triumph Group (TGI) initiated with an Overweight at JPMorgan...Vince Holding (VNCE) initiated with a Hold at Stifel...Vince Holding initiated with an Outperform at Wells Fargo...Red Hat (RHT) initiated with an Overweight at Stephens...Zillow (Z) initiated with a Buy at SunTrust...Blackhawk (HAWK) initiated with a Neutral at Janney Capital...Archer Daniels (ADM) initiated with an Outperform at Macquarie...Andersons (ANDE) initiated with a Neutral at Macquarie...TripAdvisor (TRIP) initiated with a Sell at Janney Capital.
News For CHD;CBST;RDEN;EVGN;MEP;IRM;OXFD;TGI;VNCE;RHT;Z;HAWK;ADM;ANDE;TRIP From The Last 14 Days
Check below for free stories on CHD;CBST;RDEN;EVGN;MEP;IRM;OXFD;TGI;VNCE;RHT;Z;HAWK;ADM;ANDE;TRIP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
September 4, 2014
14:23 EDTADMArcher Daniels initiated with a Buy at Janney Capital
Subscribe for More Information
14:23 EDTANDEAndersons initiated with a Neutral at Janney Capital
12:20 EDTCHDChurch & Dwight management to meet with SunTrust
Subscribe for More Information
11:05 EDTRHTOptions with increasing implied volatility
Subscribe for More Information
10:32 EDTRHTCisco, Red Hat expand relationship, launch solution for OpenStack
Subscribe for More Information
10:29 EDTTRIPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:10 EDTRHTBarclays' top ideas in U.S. Software for 2H 2014
Subscribe for More Information
08:33 EDTIRMIron Mountain to provide data center colocation services for First Marblehead
Subscribe for More Information
07:10 EDTVNCEVince Holding weakness a buying opportunity, says William Blair
Subscribe for More Information
September 3, 2014
17:02 EDTZZillow, Trulia receives second request for information from FTC
Subscribe for More Information
16:20 EDTVNCEOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory after Russian President Vladimir Putin said he had an outline for a cease-fire plan for eastern Ukraine and was closing in an agreement. The averages hit their highs shortly after the open and the Nasdaq was the first index to cross into negative territory as it was weighed down by Apple's (AAPL) decline. The market moved in a narrow range as investors anticipated the Fedís Beige Book report, scheduled for release mid-afternoon. The report was fairly benign and the market limped into the close, with volume remaining light. ECONOMIC EVENTS: U.S. factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book stated that the pace of growth did not change significantly in any of the central bank's 12 regions during a six week period ended in August compared with the previous six week period. COMPANY NEWS: Shares of Apple retreated $4.36, or 4.22%, to $98.94 after research firm Pacific Crest advised investors to take some profits in the stock. Analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which surged $4.81, or 44.05%, to $15.73 after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which jumped $3.94, or 9.16%, to $46.97 ahead of its second quarter earnings report, which is due tomorrow morning. Among the noteworthy losers was Repros Therapeutics (RPRX), which fell $4.11, or 18.55%, to $18.05 after FDA briefing documents ahead of a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower after its earnings report was apparel company Vince Holding (VNCE), which fell $4.47, or 11.54%, to $34.27. Analysts at Piper Jaffray attributed the post-earnings weakness to investor concerns over heightened inventory levels, but the firm said it still sees Vince as one of the best small cap growth names in its space and would be "aggressive buyers" on the weakness. INDEXES: The Dow edged up 10.72, or 0.06%, to 17,078.28, the Nasdaq fell 25.62, or 0.56%, to 4,572.56, and the S&P 500 slipped 1.56, or 0.08%, to 2,000.72.
16:17 EDTTRIPTripAdvisor initiated with a Fair Value at CRT Capital
Target $110.
12:33 EDTVNCEOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
12:19 EDTRHTOptions with increasing implied volatility
Subscribe for More Information
11:46 EDTVNCEVince Holding should be bought 'aggressively' on weakness, says Piper Jaffray
Subscribe for More Information
11:12 EDTVNCEVince slumps despite higher than expected Q2 earnings, increased outlook
Shares of apparel company Vince Holding (VNCE) are down sharply despite second quarter results that came in above analysts' expectations. The company also increased its fiscal year 2014 guidance. WHAT'S NEW: Vince reported Q2 adjusted earnings per share of 28c, beating analysts' consensus estimates of 24c, on revenue of $89.3M, in line with expectations of $83.92M. Same-store-sales for the quarter were up 7.1% over the same period last year. Chairman and Chief Executive Officer Jill Granoff noted that the company delivered double digit growth across all distribution channels in the quarter, with overall growth of nearly 40% in the direct-to-consumer segment. WHAT'S NOTABLE: Looking ahead, Vince increased its FY14 EPS view to 90c-94c from 88c-92c, which is in-line with analysts' 92c consensus. The company seesFY14 revenue of $335M-$345M, which is in-line with analysts' consensus of $338.7M. Vince anticipates its FY14 same-store-sales to be up in the high single-digit to low double-digit range. Granoff expects operational improvement initiatives will contribute to additional gross margin rate expansion during the remainder of FY14. The company expects to expand its gross margin 200-275 basis points and spend around $18M-$22M in capital expenditures. ANALYST REACTION: Wells Fargo analyst Evren Kopelman feels that Vince's Q2 results and increased guidance "stands out" in an especially hard retail environment. She feels that the yearly EPS increase is "conservative" and believes that more color is needed in terms of comp growth and high levels of inventory. Kopelman noted that Vince was up 7% yesterday, which could have reflected the expectation of strong results, therefore, the reaction today might be more muted. PRICE ACTION: During morning trading, shares of Vince fell $3.51 or 9.06%, to $35.23. OTHERS TO WATCH: PVH Corp (PVH), which reports earnings this afternoon, is up 0.5% to $116.93.
10:52 EDTRHTRed Hat September volatility increases into Q2 and outlook
Red Hat September call option implied volatility is at 47, October is at 32, December is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on September 18.
09:15 EDTVNCEOn The Fly: Pre-market Movers
Subscribe for More Information
06:11 EDTVNCEVince Holding raises FY14 EPS view to 90c-94c from 88c-92c, consensus 92c
Sees FY14 revenue $335M-$345M , consensus $338.7M. Sees FY14 SSS up in high single-digit to low double-digit range.
06:08 EDTVNCEVince Holding reports Q2 adjusted EPS 28c, consensus 24c
Subscribe for More Information
1 | 2 | 3 | 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