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Stock Market & Financial Investment News

News Breaks
February 27, 2013
09:08 EDTWFR, TSL, SPWR, FSLR, CLWR, FDML, AH, ZAGG, GWRE, DLTR, PCLN, VHC, OPTR, CZR, BYD, COHOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dollar Tree (DLTR), up 6%... priceline.com (PCLN), up 4.6%... Guidewire (GWRE), up 12.4%... ZAGG (ZAGG), up 7.9%... ALSO HIGHER: Coach (COH), up 4.3% amid report the company may explore putting itself up for sale... Boyd Gaming (BYD), up 5.2%, Caesars (CZR), up 5.4%, after New Jersey passes online gambling bill... Optimer (OPTR), up 9.1% after saying it will explore its "full range of strategic alternatives"... VirnetX (VHC), up 4.9% after prevailing in appeal ruling in patent case with Apple (AAPL)... DOWN AFTER EARNINGS: Target (TGT), down 2.8%... First Solar (FSLR), down 15%. SunPower (SPWR) down 6.3%, Trina Solar (TSL), down 5.2% and MEMC Electronic (WFR) down 4% in sympathy... ALSO LOWER: Accretive Health (AH), down 20.7% after postponing its release of quarterly results and saying it will evaluate its revenue recognition procedures... Federal-mogul (FDML), down 4% after quarterly loss, announcing more restructuring... Clearwire (CLWR), down 2.8% after saying it will take a $80M March draw under its deal with Sprint (S).
News For COH;BYD;CZR;OPTR;VHC;PCLN;DLTR;GWRE;ZAGG;AH;FDML;CLWR;FSLR;SPWR;TSL;WFR From The Last 14 Days
Check below for free stories on COH;BYD;CZR;OPTR;VHC;PCLN;DLTR;GWRE;ZAGG;AH;FDML;CLWR;FSLR;SPWR;TSL;WFR the last two weeks.
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July 28, 2014
07:12 EDTDLTRDollar Tree says CEO Bob Sasser to serve as CEO of combined company
Dollar Tree (DLTR) says Family Dollar (FDO) deal expected to be low to mid single digit percentage accretive to cash EPS in first financial year after close. Sees approximately $300M of annual run rate synergies to be achieved by third year post-closing. Says one time costs to achieve synergies of approximately $300M. Says Dollar Tree CEO Bob Sasser will serve as CEO of combined company. Says Family Dollar CEO Howard Levine to report to Sasser. Comments from slides that will be presented on Dollar Tree's conference call discussing its merger agreement to acquire Family Dollar.
06:43 EDTDLTRDollar Tree to host conference call
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06:12 EDTDLTRDollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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06:07 EDTDLTRDollar Tree to acquire Family Dollar for $74.50 per share in cash, stock
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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLR, TSLU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 25, 2014
11:06 EDTPCLNZillow, Trulia continue climb after takeover talks report seen as 'credible'
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09:32 EDTBYD, CZRNevada reports June statewide gaming win up 14.4% to $906.9M
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08:18 EDTPCLNZillow, Trulia merger story viewed as credible at Deutsche Bank
Deutsche Bank views Bloomberg's report of merger talks between Zillow (Z) and Trulia (TRLA) as credible, saying the deal would make a lot of sense. The firm says Trulia shares would be worth around $63 in a takeover when using Priceline's (PCLN) acquisition of OpenTable as a comparison. Even at that price, the firm sees nearly 20% upside for Zillow's enterprise value should an acquisition occur. Deutsche notes that neither company has denied yesterday's report, nor has either company announced an earnings date. It cautions, though, that the potential merger could easily fall apart as well. It has a Buy rating on Trulia and Hold rating on Zillow.
July 24, 2014
10:51 EDTCOHStocks with call strike movement; COH GILD
Coach (COH) November 39 call option implied volatility decreased 3% to 30, Gilead (GILD) January 110 call option implied volatility decreased 5% to 30 according to IVolatility.
10:39 EDTCOHCoach view changed to Mixed from Negative at OTR Global (pre-open)
09:09 EDTBYDBoyd Gaming announces senior executive appointments
Boyd Gaming announced several senior executive appointments. Chris Gibase has been appointed to the newly created position of CMO. Gibase previously served as Senior VP, Operations, for 10 years. Boyd Gaming also has named two executives Steve Schutte and Vince Schwartz to the position of Senior VP, Operations. Additionally, Boyd Gaming has expanded the responsibilities of Ted Bogich, Senior VP, Operations of Midwest properties. In his new role, Bogich will be responsible for Blue Chip, Par-A-Dice, Kansas Star, Delta Downs and Evangeline Downs. Gibase, Bogich, Schwartz and Schutte will report directly to Paul Chakmak, Executive VP and COO.
08:23 EDTPCLNPriceline completes OpenTable tender offer
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July 23, 2014
11:24 EDTPCLNIndustry data points to strong Q2 for online travel names, says Piper Jaffray
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08:49 EDTVHCVirnetX volatility elevated into CAFC decision
VirnetX (VHC) July weekly call option implied volatility is at 107, August is at 110, September is at 106, September is at 89; compared to its 26-week average of 85 according to Track Data, suggesting large near term price movement as investors await a with regard to VirnetX's case with Apple (AAPL).
07:43 EDTFDMLFederal-Mogul reports Q2 adjusted EPS 33c, consensus 35c
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05:48 EDTVHCStocks with implied volatility movement; IGT VHC
Stocks with implied volatility movement; International Game (IGT) 13, VirnetX (VHC) 136 according to iVolatility.
July 22, 2014
07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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July 18, 2014
12:48 EDTFSLR, SPWRSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
11:45 EDTCOHJefferies sees further risk for Michael Kors despite recent decline
Michael Kors' (KORS) margin pressures and slowing same-store sales growth, along with high expectations for the company, are reasons to be cautious on the stock, research firm Jefferies wrote in a note to investors today. The firm cut its price target on the luxury accessories retailer to $80 from $95. WHAT'S NEW: Michael Kors' same-store sales are slowing, while the company's gross margins are coming under pressure due to increased discounts of its products and its roll out of new stores, Jefferies analyst Randal Konik wrote. Additionally, investors' high expectations for the company will make it difficult for the stock to appreciate even if its results beat expectations, the analyst stated. Even with shares pulling back over the past few days, Konik says risk remains skewed to the downside and kept a Hold rating on the stock. Of note, this is the second time in two weeks that Jefferies cut its estimates for the company. WHAT'S NOTABLE: Expressing a very different outlook yesterday on Michael Kors was Credit Suisse analyst Christian Buss. Michael Kors is "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments" according to Buss, who wrote that he was "compelled" by the recent decline in the stock. The analyst reiterated a $107 price target and Outperform rating on the shares. OTHERS TO WATCH: The company's competitors include Kate Spade (KATE) and Coach (COH). PRICE ACTION: In late morning trading, Michael Kors was nearly flat near $82 per share.
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