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Stock Market & Financial Investment News

News For CLWR;S;DISH;STX;STZ;AZZ;SKUL;APOL;ONE;HA From The Last 14 Days
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July 2, 2015
10:18 EDTAPOL, STZOptions with decreasing implied volatility
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10:00 EDTSOn The Fly: Analyst Initiation Summary
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07:29 EDTSTXSeagate, Western Digital should be bought after earnings, says Citi
Citi sees near-term risk to shares of Seagate (STX) and Western Digital (WDC) due a "high probability" of weaker than expected Q2 results with a "significant" guide-down for Q3. PC demand has continued to deteriorate, which will weigh on the results of hard-disk-drive companies, Citi tells investors. The firm, however, believes the shares of both companies should be bought on the post-earnings weakness. It believes Q3 outlooks could bring the last cut to earnings estimates. Citi lowered its price target for Seagate to $55 from $63 and for Western Digital to $100 from $115. It keeps a Buy rating on both names.
05:29 EDTSSprint announces retail agreement with Dixons Carphone
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July 1, 2015
17:19 EDTSSprint initiated with a Neutral at Buckingham
Target $5.
15:23 EDTDISHDISH's Ergen awaits AT&T-DirecTV approval before more T-Mobile talks, FBN says
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10:18 EDTAPOLOptions with decreasing implied volatility
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10:09 EDTAPOLHigh option volume stocks
High option volume stocks: ACE APOL SC SCHN SGMS BDBD OFG HTS AVAV CAVM
10:02 EDTSSprint says reaches 4,500 stores
Sprint (S) said that it is rapidly expanding its retail distribution with its “store-within-a-store” concept at co-branded RadioShack (RSHCQ) locations. General Wireless Operations announced today that it completed the purchase of the RadioShack brand, securing Sprint’s ability to quickly expand its presence and give consumers access to industry-first leasing plans and the latest devices. Sprint will have a presence in 1,435 Sprint-RadioShack stores by the first week of July. About 300 stores will be completely renovated to the new store-within-a-store model at that time, with the remainder scheduled to be completed by the end of the year. These stores will have new signage, new fixtures and a look-and-feel that is similar to other Sprint-owned stores. The addition of the Sprint-RadioShack stores expands Sprint’s total retail footprint to approximately 4,500 locations in the United States.
09:28 EDTSTZOn The Fly: Pre-market Movers
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08:06 EDTAZZAZZ Inc. raises FY16 EPS to $2.85-$3.30 from $2.75-$3.25, consensus $2.93
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08:05 EDTAZZAZZ Inc. reports Q1 Energy segment revenue $137M
Reports Q1 Galvanizing Services revenue $91.9M.
08:04 EDTAZZAZZ Inc. reports Q1 operating margins up to 14.4%
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08:03 EDTAZZAZZ Inc. reports Q1 EPS 77c, consensus 70c
Reports Q1 revenue $228.89M, consensus $228.59M
07:39 EDTSTZConstellation Brands acquires Meiomi wine brand for about $315M
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07:37 EDTSTZConstellation Brands raises FY16 EPS view to $4.80-$5.00, consensus $4.88
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07:33 EDTSTZConstellation Brands reports Q1 EPS $1.26, consensus $1.24
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06:04 EDTSSprint says to end 'throttling' practice
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June 30, 2015
15:26 EDTSTZ, AZZNotable companies reporting before tomorrow's open
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13:55 EDTSTZConstellation Brands technical comments before earnings
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10:19 EDTAPOLOptions with decreasing implied volatility
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10:00 EDTAPOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
09:26 EDTAPOLOn The Fly: Pre-market Movers
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09:04 EDTSSprint confirms 'All-In' pricing plan
Sprint introduces its “All-In” pricing plan, underscoring the company’s commitment to making wireless simpler, clearer and more straightforward for consumers. With All-In Wireless, consumers pay $80 per month for a wireless device and unlimited talk, text and high-speed data – the two most significant components on any wireless bill. With All-In, consumers pay $20 per month to lease one of its most popular smartphones, and $60 per month for unlimited text, talk and high-speed data while on the Sprint network. Consumers pay $0 down and only a one-time, $36 activation fee.
08:39 EDTAPOLApollo Education downgraded on enrollment uncertainty at BofA/Merrill
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08:17 EDTAPOLApollo Education price target lowered to $20 from $29 at BMO Capital
BMO Capital cut its price target on Apollo after the company reported higher than expected Q3 EPS but lowered its fiscal 2015 guidance. The firm says that the company's Q3 enrollment and revenue were "subpar," and it thinks the company will continue to shrink. However, BMO adds that it still believes that "the stock is worth looking at on a sum of the parts basis." It keeps an Outperform rating on the shares.
08:08 EDTAZZAZZ to construct galvanizing plant near Reno
AZZ announced the construction of a new hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by January of 2016. Upon completion of the new Reno facility, AZZ Galvanizing Services will operate a network of 43 hot-dip galvanizing plants in the U.S. and Canada. The new Reno plant will be an environmentally friendly, state of the art, 50,000-square foot facility.
07:50 EDTSTZConstellation Brands July volatility increases into Q1 and outlook
Constellation Brands July call option implied volatility is at 28, August is at 22, October is at 23; compared to its 52-week range of 16 to 31, suggesting large near term price movement into the expected release of Q1 results on July 2.
06:58 EDTSSprint to roll out $80 a month 'All-in' plan, Reuters reports
Sprint (S) will today launch an $80 a month "All-in" cellular phone plan, Reuters reports. Chief Marketing Officer Kevin Crull says the plan will offer unlimited talk, text and data at $60, plus $20 to lease phones like the iPhone 6 (AAPL) and Samsung (SSNLF) Galaxy S6. Reference Link
June 29, 2015
19:01 EDTAPOLOn The Fly: After Hours Movers
HIGHER: Juno Therapeutics (JUNO), up 38.4% after announcing immunotherapy collaboration with Celgene (CELG)... Kite Pharma (KITE) and Lion Biotechnologies (LBIO) are up 8.7% and 5.7% respectively, following Juno's collaboration with Celgene. DOWN AFTER EARNINGS: CHC Group (HELI), down 8%... Apollo Education (APOL), down 6.2%. ALSO LOWER: EnteroMedics (ETRM), down 12.4% after filing to sell common stock and warrants... Celgene (CELG), down 1% after Juno announces immunotherapy collaboration.
17:52 EDTAPOLApollo Education sees FY16 student enrollment about 150,000 students
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16:12 EDTAPOLApollo Education revises FY15 revenue view to $2.6B-$2.62B, consensus $2.63B
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16:10 EDTAPOLApollo Education reports Q3 EPS 53c ex-items, consensus 47c
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15:23 EDTAPOLNotable companies reporting after market close
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13:27 EDTAPOLApollo Education technical notes ahead of earnings
The stock is trading close to its 52-week lows ahead of results, in a strongly bearish downtrend. If the news continues to be as bearish or more bearish than current expectations, there could be more downside to come. Support levels to watch below the current price of $15.73 would be at $14.42, $13.50, and $12.50. If the news is a bullish surprise, upside would be at $16.78, $17.54, and $18.36.
09:04 EDTSSprint launching Direct 2 You service in New York, LA, San Francisco, Denver
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08:08 EDTSTXJefferies sees recent weakness as attractive entry point in PC names
Jefferies analyst James Kisner cut his PC unit expectations for 2015 and 2016, citing recent negative data points including Micron's (MU) commentary and guidance, but added that he believes PC names may be finding a bottom and that the pullback in Western Digital (WDC), Seagate (STX), and HP (HPQ) creates an attractive entry point in all three stocks. Kisner sees the most potential upside in Western Digital, but lowered his price target on its shares to $116, and said HP may have the least potential downside, cutting his price target on the computer maker to $40.50. The firm keeps Buy rating on both HDD makers and on HP.
07:59 EDTAPOLApollo Education post-earnings rally could be brief, WSJ says
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07:34 EDTAPOLApollo Education July volatility elevated into Q3 and outlook
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June 25, 2015
17:56 EDTSTXMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
16:42 EDTDISHFCC Chairman outlines changes to future spectrum auctions
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06:37 EDTSInternet Patents subsidiary awarded $30M in damages against Sprint Spectrum
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June 24, 2015
14:57 EDTAPOLApollo Education July volatility elevated into Q3 and outlook
Apollo Education July call option implied volatility is at 68. August is at 49; compared to its 52-week range of 27 to 67, suggesting large July price movement into the expected release of Q3 results on June 29.
June 23, 2015
18:43 EDTSSprint CTO Stephen Bye to depart July 24, FierceWireless says
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15:36 EDTSTZConstellation Brands July volatility low into Q1 and outlook
Constellation Brands July call option implied volatility is at 22, August is at 21, October is at 22; compared to its 52-week range of 16 to 31, suggesting low price movement into the expected release of Q1 results on July 2.
12:54 EDTSTXPC concerns weighing on shares of Seagate, Western Digital
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10:00 EDTHAOn The Fly: Analyst Downgrade Summary
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08:54 EDTSKULSkullcandy weakness overdone, says DA Davidson
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07:03 EDTHAHawaiian Holdings downgraded to Underweight from Equal Weight at Morgan Stanley
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06:25 EDTSTXWestern Digital downgraded to Neutral from Overweight at JPMorgan
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June 22, 2015
15:04 EDTDISHT-Mobile could abandon DISH for Comcast, Forbes contributor says
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