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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:00 EDTJD, MIK, CHMI, MOKOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cherry Hill Mortgage (CHMI) initiated with an Outperform at JMP Securities... JD.com (JD) initiated with a Market Perform at William Blair... MOKO Social Media (MOKO) initiated with a Buy at Chardan... Michaels Stores (MIK) initiated with a Neutral at Macquarie.
News For CHMI;JD;MOKO;MIK From The Last 14 Days
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August 31, 2015
17:41 EDTJDTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
06:59 EDTJDAlibaba, JD.com eye rural communities for growth, WSJ reports
Chinese e-commerce firms such as Alibaba (BABA) and JD.com (JD) are targeting rural communities in China for growth, the Wall Street Journal reports. Such companies are running into increased pressure from shareholders to find new growth, and the major cities in China are maturing as markets for online shopping, with fewer new customers signing up, the report says. Reference Link
August 28, 2015
16:29 EDTJDJD.com files to sell 29.84M American Depositary Shares for holders
Representing 59,681,336 Class A Ordinary Shares.
05:22 EDTJDJD.com announces partnership with Australian brands
JD.com announced partnerships with Australian brands Blackmores and Sanger Australia. Both brands will be available through JD.com's direct sales channel and will use the company's industry-leading same-day delivery capabilities. Sanger Australia will also leverage JD.com's cold chain logistics network to ensure that its meat products are delivered fresh to Chinese customers from Australia.
August 27, 2015
07:09 EDTMIKMichaels sees FY15 EPS $1.66-$1.72, consensus $1.70
Sees FY15 revenue up 3.2%-3.7% or 4.4%-4.9% on a constant currency basis. Sees FY15 SSS up 1.5%-2% or 2.7%-3.2% on a constant currency basis.
07:07 EDTMIKMichaels sees Q3 EPS 35c-37c, consensus 37c
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07:04 EDTMIKMichaels reports Q2 adjusted EPS 17c, consensus 16c
Reports Q2 revenue $984.3M, consensus $985.27M. Reports Q2 SSS up 2.9%.
August 26, 2015
15:00 EDTMIKNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar General (DG), consensus 94c... J. M. Smucker (SJM), consensus $1.23... Tiffany (TIF), consensus 91c... Signet Jewelers (SIG), consensus $1.15... Patterson (PDCO), consensus 54c... Michaels (MIK), consensus 16c... Burlington Stores (BURL), consensus 12c.
August 24, 2015
08:36 EDTMIKMichaels primed for strong second half, says JPMorgan
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August 20, 2015
07:20 EDTJDCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.

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