New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 20, 2014
10:08 EDTCNL, TIBX, SAH, SM, PIR, PETM, PSB, ORCL, IDIX, ITC, HERO, FXCM, XONE, COCO, COH, NGLSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Cleco (CNL) downgraded to Hold from Buy at KeyBanc... Coach (COH) downgraded at BMO Capital... Corinthian Colleges (COCO) downgraded to Sell from Hold at Gabelli... ExOne (XONE) downgraded to Hold from Buy at Jefferies... FXCM (FXCM) downgraded to Neutral from Buy at Citigroup... Hercules Offshore (HERO) downgraded to Sector Perform from Outperform at Iberia... ITC Holdings (ITC) downgraded to Underperform from Neutral at Credit Suisse... Idenix (IDIX) downgraded to Neutral from Buy at UBS... Oracle (ORCL) downgraded to Neutral from Buy at Citigroup... PS Business Parks (PSB) downgraded to Neutral at JPMorgan... PetSmart (PETM) downgraded to Neutral from Outperform at Wedbush... Pier 1 Imports (PIR) downgraded to Hold from Buy at Deutsche Bank... SM Energy (SM) downgraded to Overweight from Focus List at Johnson Rice... Sonic Automotive (SAH) downgraded at Goldman... TIBCO (TIBX) downgraded to Neutral from Positive at Susquehanna... Targa Resources Partners (NGLS) downgraded to Hold from Buy at Wunderlich.
News For CNL;COH;COCO;XONE;FXCM;HERO;ITC;IDIX;ORCL;PSB;PETM;PIR;SM;SAH;TIBX;NGLS From The Last 14 Days
Check below for free stories on CNL;COH;COCO;XONE;FXCM;HERO;ITC;IDIX;ORCL;PSB;PETM;PIR;SM;SAH;TIBX;NGLS 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 | >>
August 20, 2014
09:07 EDTPETMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:42 EDTPETMPetSmart LBO feasible but screens unattractive, says Morgan Stanley
Morgan Stanley said an LBO of PetSmart is possible but screens unattractive and notes its difficult to forecast margin and cash flow upside. The firm says a merger with Petco has the greatest upside but also would face regulatory hurdles. Shares are Equal Weight rated.
07:34 EDTPETMPetSmart news positive overall, says Stifel
After PetSmart announced higher than expected EPS, said that it would acquire the website Pet 360 and said it would pursue strategic alternatives, Stifel is upbeat on the Pet360 deal. The firm thinks the acquisition was a meaningful step by PetSmart to improve its lagging ecommerce offerings. But the firm thinks the company's EPS beat was mainly driven by cost cutting and it views the retailer's guidance negatively. Stifel keeps a Hold rating on the shares.
August 19, 2014
18:18 EDTPETMPetSmart to resume trading at 6:25pm ET
Subscribe for More Information
18:10 EDTPETMPetSmart up 1% in after hours following earnings, strategic alternatives search
Subscribe for More Information
18:06 EDTPETMPetSmart acquires Pet360
Subscribe for More Information
18:01 EDTPETMPetSmart backs FY14 EPS $4.29-$4.39, consensus $4.32
The company sees FY14 net sales growth in the low single digits, FY14 SSS relatively flat, and FY14 operating cash flow $600M-$625M. This guidance does not include the impact of the Pet360 acquisition or the benefits or costs associated with the cost improvement initiatives.
17:58 EDTPETMPetSmart sees Q3 EPS 93c-97c, consensus 94c
Subscribe for More Information
17:57 EDTPETMPetSmart reports Q2 EPS 98c, consensus 94c
Reports Q2 revenue $1.73B, consensus $1.73B. Total Q2 sales up 1.4%.
17:55 EDTPETMPetSmart to explore strategic alternatives, including potential sale
Subscribe for More Information
15:39 EDTPETMPetSmart to explore alternatives, including potential sale, Reuters reports
Subscribe for More Information
15:27 EDTPETMPetSmart spikes on potential review of alternatives, including sale
Subscribe for More Information
15:25 EDTPETMPetSmart may announce intention to review alternatives, Reuters says
May include sale, Reuters added.
15:16 EDTPETMNotable companies reporting before tomorrow's open
Subscribe for More Information
August 18, 2014
11:30 EDTPETMJANA says anonymous package shows PetSmart missing targets
Subscribe for More Information
10:46 EDTPETMJANA discloses receipt of anonymous PetSmart presentation
JANA Partners disclosed that on August 14, it received in the mail an anonymous, unsolicited package containing a presentation prepared by PetSmart, setting forth certain business plans relating to improving third and fourth quarter results and a cover letter noting that the company "has missed internal projections and criticizing the Issuer’s actions including those described in the Presentation as not being in the long-term best interests of shareholders." JANA believes that in the interest of full disclosure such materials should be shared with all shareholders. However, given that certain portions of such materials may be deemed to be competitively sensitive, on August 18, it sent a copy of such materials to PetSmart, together with a letter asking the company to "promptly release such materials after redacting any such competitively sensitive information." JANA says it does not have any knowledge regarding who may have sent this material, and has not independently verified the authenticity of any statements made therein.
07:09 EDTSMSM Energy sees projects leading FY14 capital investment budget higher
Subscribe for More Information
07:07 EDTSMSM Energy increases FY15 production growth target to 20%
Now Sees 3Q production, or MMBOE 13.1-13.8%. Now sees FY14 MMBOE 53.5%-54.9%. Now ses Q3 LOE $4.60-$4.85. Now sees FY14 LOE $4.60-$4.75. Now sees Q3 transportation, or$/BOE, $5.90-$6.20 and FY14 transportation $6.05-$6.20. Sees Q3 production taxes 5.0%-5.5% and FY14 production taxes 5.0%-5.5%. The Company is increasing its expected annual 2015 production growth target to approximately 20%, up from its previously announced target of 15%. Additionally, SM Energy expects approximately 15% annual production growth for 2016. The aggregate annual capital investment program for each 2015 and 2016 is expected to be similar to the revised 2014 program, excluding the impact of 2014 acquisitions and non-operated Eagle Ford carried capital.
07:01 EDTSAHSonic Automotive announces pre-owned automotive retail concept
Sonic Automotive announced that EchoPark is the name of its pre-owned vehicle retail store concept. Launching in Denver this fall, EchoPark will offer a revolutionary customer experience while providing guests with a whole new way to search, buy, service and sell their pre-owned vehicles.
06:03 EDTSAHCarMax to get new rival in used cars, WSJ reports
Sonic Automotive (SAH) is expected to today announce the creation of EchoPark stores, a chain of pre-owned vehicle stores that would compete with CarMax (KMX), the Wall Street Journal reports. Reference Link
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