New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:22 EDTABC, LMCA, CAH, WAG, CHTR, EA, LULUOn The Fly: Closing Wrap
Stocks on Wall Street were mixed as the ongoing fears over the situation in Cyprus weighed on the S&P, though the Dow was able to eke out a modest gain. Data released before the open showed housing permits rose to multi-year highs, but headlines out of Europe kept the averages under pressure for much of the afternoon... ECONOMIC EVENTS: In the U.S., housing starts climbed 0.8% from the prior month to a 917K rate in February. Building permits rose by 4.6% to a 946K rate, which was significantly ahead of the consensus forecast. In Europe, ongoing fears about how the situation in Cyprus will play out, including renewed worries that the nation will default or be forced to leave the euro zone, sent the euro currency lower against the U.S. dollar. Cyprus' parliament defeated the bank levy bill and afternoon headlines from Bloomberg said the ECB will provide liquidity to that nation, though only within its existing rules... COMPANY NEWS: Liberty Media (LMCA) announced an agreement to pay $2.617B for a 27.3% stake in Charter Communications (CHTR). Charter shares, which gained nearly 10% yesterday as media reports of the Liberty investment circulated, advanced another $2.34, or 2.39%, to $100.38, while Liberty shares closed down 32c, or 0.29%, to $110.34... lululemon (LULU) lost $1.82, or 2.76%, to $64.08 after issuing a recall of its Black Luon pants, citing a sheerness problem. lululemon cut its Q1 revenue and same-store-sales guidance as a result of the recall, and shares were downgraded at Sterne Agee... MAJOR MOVERS: Among the notable gainers was Walgreen (WAG), up $2.31, or 5.44%, to $44.74 after reporting earnings and announcing it agreed to a long-term pharmaceutical distribution agreement with AmerisourceBergen (ABC). AmerisourceBergen shares rose $1.76, or 3.64%, to $50.06 after the agreement, which grants Walgreen the right to buy a stake in AmerisourceBergen. Among the noteworthy losers was Electronic Arts (EA), down $1.56, or 8.34%, to $17.15 after its CEO resigned and the company warned it will likely come in below or near the bottom of its prior guidance. Also lower was Cardinal Health (CAH), down $3.78, or 8.19%, to $42.35 after the company announced its agreement with Walgreen will end in August and the company provided a FY14 EPS view below consensus... INDICES: The Dow was up 3.76, or 0.03%, to 14,455.82; the Nasdaq was down 8.49, or 0.26%, to 3,229.10; and the S&P 500 was down 3.76, or 0.24%, to 1,548.34.
News For CHTR;LMCA;LULU;WAG;ABC;EA;CAH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2015
11:16 EDTEABattleground: Benchmark says sell GameStop, Piper says bears misguided
Subscribe for More Information
07:43 EDTEAGameStop bear thesis not playing out, says Piper Jaffray
Subscribe for More Information
07:12 EDTLULUWilliam Blair names 21 stocks best positioned for volatile markets
Subscribe for More Information
August 27, 2015
07:56 EDTLULULululemon September weekly volatility elevated into Q2 and outlook
Lululemon 9/11/15 weekly call option implied volatility is at 66, September is at 61, October is at 48; compared to its 52-week range of 25 to 63, suggesting large near term price movement into the expected release of Q2 results on September 10.
07:52 EDTLULUBarclays would be a buyer of lululemon into the Q2 report
Barclays analyst Matt McClintock believes lululemon will report meaningful upside to his 7.7% total comp estimate when it reports Q2 earnings on September 10. Channel checks suggest a strong consumer response to new tops introduced in Q2 with stock outs above 50%, promising Google search activity, and momentum in men's. McClintock believes his earnings estimates will prove conservative and is a buyer into the report. Barclays' rates lululemon an Overweight with an $85 price target on shares.
August 25, 2015
11:03 EDTEAElectronic Arts gets strong early reviews for Madden, says Piper Jaffray
Subscribe for More Information
10:21 EDTCAHCardinal Health to acquire majority stake in naviHealth
Cardinal Health announced that it is acquiring a majority stake in naviHealth and expects the transaction to close later this week. Privately-held naviHealth partners with health plans, health systems and providers to manage the post-acute segment of the care continuum. naviHealth's principal investor, Welsh, Carson, Anderson & Stowe, along with management, will continue to have an ownership interest in the business. Cardinal Health said it is acquiring 71% of naviHealth for approximately $290M, with a goal of acquiring the entire business within four years, in accordance with a series of call/put rights during that period of time. Cardinal expects this acquisition to be neutral to its FY16 non-GAAP diluted earnings per share from continuing operations as it is a partial period, and slightly accretive to non-GAAP diluted earnings per share from continuing operations beginning in FY17, the first full year post close. "From a GAAP perspective, it is too early in the process to provide any specific guidance on the amortization of intangible assets. Once the fair value estimates are complete, we will provide additional details. Recall that our FY16 assumptions provided on our earnings call on July 30, 2015 only included those acquisitions that had been completed through June 30," the company stated in an FAQ document related to the deal.
09:26 EDTCAHRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.
August 19, 2015
10:20 EDTCHTRBig telecom firms put M&A on hold, CTFN reports
Subscribe for More Information
10:00 EDTCHTROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:58 EDTCHTRCharter upgraded to Buy from Neutral at MoffettNathanson
Subscribe for More Information
August 18, 2015
16:49 EDTCHTROn The Fly: Top stock stories for Tuesday
Subscribe for More Information
10:17 EDTCHTRDisney downgraded as Wells moves away from content providers
Subscribe for More Information
10:00 EDTLULUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
August 17, 2015
20:09 EDTCHTRCable companies test virtual reality offerings, Variety says
Subscribe for More Information
16:57 EDTLULUlululemon initiated with a Peer Perform at Wolfe Research
Target $65.

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