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Stock Market & Financial Investment News

News Breaks
November 21, 2012
12:33 EDTSTJ, SQNM, CRM, TLYS, SKX, ZLC, DEOn 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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May 19, 2015
08:05 EDTSTJSt. Jude Medical announces Canadian launch of Prodigy Chronic Pain System
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07:27 EDTSKXSkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
07:03 EDTCRMSalesforce.com volatility elevated into Q1 and outlook
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May 18, 2015
08:34 EDTDEDeere volatility elevated into Q2 and outlook
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07:24 EDTCRMSalesforce buyout rumors may cloud earnings focus, says Susquehanna
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May 15, 2015
14:20 EDTSTJSt. Jude Medical reports positive results from CardioMEMS HF System
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14:01 EDTSTJSt. Jude Medical reports positive results from Allure Quadra CRT-P System
St. Jude Medical announced the presentation of important data supporting the first and only quadripolar cardiac resynchronization therapy pacemaker system in the U.S., during the Heart Rhythm Society's 36th annual scientific sessions. The Allure Quadra CRT-P system, with the Quartet Quadripolar LV Lead is associated with a 63% reduction in the need to replace the lead or deactivate CRT following implant. Quadripolar LV pacing using SJM quadripolar CRT-Ds or CRT-Ps and an SJM quadripolar lead provides physicians with multiple pacing options to avoid phrenic nerve stimulation and allow for optimal treatment delivery without the need to replace or deactivate the therapy. An analysis evaluating more than 3,000 patients implanted with a CRT-P (1,325 with a quadripolar lead vs. 1,930 with a bipolar lead) looked at whether the known decreased need to replace or deactivate LV leads associated with SJM quadripolar CRT-Ds and the Quartet LV lead also extends to St. Jude Medical quadripolar CRT-Ps. The retrospective data analysis was presented in a session titled Quadripolar Leads are Associated with Fewer LV Lead Replacements and Deactivations in CRT-P Patients by Dr. Mintu P. Turakhia, who led the investigation. The data show that patients with the Quartet LV lead were 63% less likely to undergo lead replacement or deactivation of CRT compared to the patients with bipolar leads.
13:01 EDTDEOn The Fly: Top stock stories at midday
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10:12 EDTDEJPMorgan says sell Deere ahead of potential liquidity crunch for farmers
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10:01 EDTDEOn The Fly: Analyst Downgrade Summary
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09:40 EDTDEEquity options with increasing volume
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09:28 EDTDELongbow recommends avoiding Deere following global survey
Longbow's global agriculture survey shows that equipment demand has taken "another step down" in Q2 following a 27.1% decline in the Ag & Turf segment in Q1 amid commodity price weakness. The firm believes a recovery in commodity pricing is likely to be pushed out "several" planting cycles. It keeps its below consensus estimates for Deere and recommends not holding the stock. Longbow has an Underperform rating on the name with a $72 price target. Deere was downgraded this morning at JPMorgan to Underweight.
08:45 EDTSTJSt. Jude Medical management to meet with Leerink
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08:41 EDTSTJSt. Jude Medical management to meet with Leerink
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06:43 EDTDEDeere downgraded to Underweight from Neutral at JPMorgan
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May 14, 2015
09:41 EDTSTJLeerink medical devices analyst holds a cardiology luncheon meeting
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08:21 EDTCRMSalesforce price target raised to $87 from $78 at Goldman
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06:21 EDTCRMSalesforce implied volatility of 57 at upper end of index
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May 13, 2015
08:08 EDTSTJSt. Jude Medical receives CE Mark approval of Ellipse expanded labeling
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07:31 EDTSTJHeart Rhythm Society to hold a conference
Heart Rhythm 2015 is being held in Boston on May 13-16.
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