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Stock Market & Financial Investment News

News Breaks
November 21, 2012
12:33 EDTCRM, DE, SKX, SQNM, ZLC, TLYS, STJOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday in a pre-holiday session marked by little corporate news but a fair amount of economic data. The averages opened quietly after the Labor Department reported a drop in first-time unemployment claims from the prior week, as expected. Among the other economic reports, the consumer confidence reading was slightly lower than expected and the leading economic indicators were slightly above expectations. There was little reaction to any of the reports and volume has been light, which is not surprising... ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 410,000, which was in-line with forecasts. Markit's "flash" November flash PMI rose to 52.4 from 51.0 in October. The final November reading of the University of Michigan Sentiment index slipped to 82.7 from its 84.9 preliminary reading. The leading indicators edged up 0.2% in October to 96.0 from 95.8 in September. In Europe, the region's finance ministers and the IMF were unable to reach a bailout agreement for Greece and will meet again on Monday with an eye on resolving the remaining disagreements. In Asia, Japanese exports fell 6.5% in October, which was worse than expectations of a 4.9% decline... COMPANY NEWS: Salesforce.com's (CRM) Q3 results beat on the top and bottom lines and RW Baird and Wells Fargo reiterated their Outperform ratings on the stock following the report. Shares advanced 8%. Conversely, Deere (DE) shares slumped 4% after its earnings missed expectations, as did its guidance for the coming year... MAJOR MOVERS: Among the notable gainers was Sketchers (SKX), rising 12% after Susquehanna upgraded the stock to Positive from Neutral, citing valuation and product momentum. Also higher were shares of Sequenom (SQNM), up 11% after a committee of the American College of Obstetricians and Gynecologists recommended that cell-free fetal DNA testing be offered to certain at-risk patients. Among the noteworthy losers following their earnings reports were Zale (ZLC), down over 28%, and Tilly's (TLYS), down 17%. Also lower was St. Jude Medical (STJ), which fell 14% after an FDA inspection report cited serious flaws in its oversight of design changes in its Durata line of defibrillator leads... INDICES: Near 12:30 pm ET, the Dow was up 45.14, or 0.35%, to 12,833.65; the Nasdaq was up 7.07, or 0.24%, to 2,923.75; and the S&P 500 was up 2.43, or 0.18%, to 1,390.24.
News For CRM;DE;SKX;SQNM;ZLC;TLYS;STJ From The Last 14 Days
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August 21, 2014
18:22 EDTCRMSalesforce.com CEO: Microsoft the number one customer of ExactTarget
Says Europe performing beyond expectations. Marc Benioff is speaking on CNBC.
18:01 EDTCRMSalesforce.com targets $1.1B in cash flow at end of FY15
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16:09 EDTCRMSalesforce.com reports Q2 operating cash flow $246M, up 34% YoY
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16:08 EDTCRMSalesforce.com raises FY15 adjusted EPS view to 50c-52c from 49c-51c
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16:06 EDTCRMSalesforce.com sees Q3 adjusted EPS 12c-13c, consensus 13c
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16:05 EDTCRMSalesforce.com reports Q2 adjusted EPS 13c, consensus 12c
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15:15 EDTCRMNotable companies reporting after market close
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13:45 EDTCRM Earnings Preview: Analysts positive on Salesforce.com ahead of Q2 earnings
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13:40 EDTCRMSalesforce.com technical comments ahead of earnings
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10:34 EDTCRMOptions Update; August 21, 2014
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09:52 EDTCRMSalesforce.com August weekly 54.5 straddle priced for 5.9% move into Q2
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August 20, 2014
08:17 EDTCRMSalesforce.com appears poised to report good Q2 results, says Oppenheimer
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06:20 EDTSKXSkechers price target raised to $66 from $60 at Citigroup
Citigroup expects Skechers' momentum to continue into the second half of the year following "upbeat" meetings with management. Citi upped its price target to $66 and raised its earnings estimates for the company. The firm reiterates a Buy rating on the stock.
August 19, 2014
11:32 EDTSQNMLabCorp prenatal test a negative for Sequenom, says Maxim
Maxim views LabCorp's (LH) announcement today that it will begin offering the informaSeq prenatal test as a long-term negative for Sequenom (SQNM) due to increased competition. The news is also negative for Illumina (ILMN) and PerkinElmer (PKI), who both offer Non-Invasive Prenatal Tests, Maxim adds. The firm recommends buying shares of LabCorp and keeps a Buy rating on the name with a $130 price target.
08:05 EDTCRMSalesforce.com Q2 results expected to be uneventful, says UBS
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07:40 EDTCRMSalesforce.com August weekly volatility increases into Q2 and outlook
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August 18, 2014
11:05 EDTCRMOptions with increasing implied volatility
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08:03 EDTDEMacquarie to hold a field trip
U.S. Midwest Agri Field Trip travels throughout Chicago on August 18-20.
August 15, 2014
11:20 EDTCRMOptions with increasing implied volatility
Options with increasing implied volatility: CRM URBN TGT
09:01 EDTDEDeere to reduce size of manufacturing workforce by 600 employees
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