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Stock Market & Financial Investment News

News Breaks
July 18, 2014
Today's noteworthy initiations include: America's Car-Mart (CRMT) initiated with an Underperform at BofA/Merrill... Belden (BDC) initiated with a Buy at SunTrust... Caesarstone (CSTE) initiated with a Buy at BofA/Merrill... Encore Capital (ECPG) initiated with a Neutral at Citigroup... FLIR Systems (FLIR) initiated with an Outperform at Oppenheimer... Ingersoll-Rand (IR) initiated with a Buy at CLSA... Jack in the Box (JACK) initiated with a Neutral at Buckingham... Kona Grill (KONA) initiated with an Outperform at Wedbush... Masonite (DOOR) initiated with an Outperform at Wedbush... Nimble Storage (NMBL) initiated with a Buy at Roth Capital... Pacific Energy Development (PED) initiated with a Buy at Roth Capital... Qlik Technologies (QLIK) initiated with a Market Perform at BMO Capital... Rayonier Advanced Materials (RYAM) initiated with an Underperform at BofA/Merrill... Smith Micro (SMSI) initiated with a Neutral at H.C. Wainwright... Splunk (SPLK) initiated with a Market Perform at BMO Capital... Tableau (DATA) initiated with an Outperform at BMO Capital... Wendy's (WEN) initiated with a Buy at Buckingham... Whitestone REIT (WSR) initiated with a Buy at Maxim.
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November 17, 2015
19:25 EDTJACKOn The Fly: After Hours Movers
UP AFTER EARNINGS: Jack in the Box (JACK), up 3.7%... Vipshop Holdings (VIPS), up 2.2%. ALSO HIGHER: Universal Insurance (UVE), up 5.3% after issuing a statement saying that Lakewood Capital Management's statement was misleading... Norfolk Southern (NSC), up 2% after confirming a merger offer from Canadian Pacific (CP). LOWER: Citrix Systems (CTXS), down 1.8% after announcing operational review and the spin off of its GoTo family of products.
16:15 EDTJACKJack in the Box sees FY16 SSS up 2%-4%
Sees FY16 same-store sales increase of approximately 2%-4% at Jack in the Box company restaurants.Sees FY16 same-store sales increase of approximately 2%-4% at Qdoba company restaurants.
16:13 EDTJACKJack in the Box sees Q1 SSS up 1%-3%
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16:11 EDTJACKJack in the Box sees FY16 operating EPS $3.55-$3.70, consensus $3.55
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16:09 EDTJACKJack in the Box reports Q4 operating EPS 62c, consensus 65c
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15:13 EDTJACKNotable companies reporting after market close
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14:13 EDTJACKJack in the Box technical comments before earnings
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08:10 EDTSPLKSplunk volatility elevated into Q3 and outlook
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07:56 EDTDATAUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:33 EDTSPLKSplunk results should modestly beat expectations, says RBC Capital
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November 16, 2015
09:06 EDTWENWendy's says unit received $54.9M dividend from interest in ARG Holding
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November 13, 2015
16:45 EDTWEN, IRTrian gives quarterly update on stakes
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16:40 EDTIRAppaloosa gives quarterly update on stakes
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09:21 EDTWENWendy's '4 for $4' a hit, McDonald's promo may be next
An analyst at Citi believes Wendy's (WEN) has seen strong results from its ongoing "4 for $4" promotion, prompting him to add the stock to the firm's Focus List and predict that the company's same-store sales growth this quarter will beat expectations. 4 FOR $4: Under an ongoing promotion that was launched in October, Wendy's offers a junior bacon cheeseburger, four piece chicken nuggets, fries, and a drink for $4. Citi analyst Gregory Badishkanian told investors in a research note this morning that his analysis and talks with those in the fast-food industry suggest that the promotion continues to drive strong results, leading to a rise in transactions at Wendy's with little to no impact on restaurants' average check total. Badishkanian predicts Wendy's will post fourth quarter same-store sales growth of at least 4%, versus the First Call consensus forecast of 2.7% and the 3.3% growth implied by the high-end of the company's fiscal year guidance. INDUSTRY VALUE FOCUS: Wendy's management has emphasized value offerings recently, but other quick service restaurant peers are also increasing their focus on value, Badishkanian noted. The analyst sees a good chance that McDonald's (MCD) will roll-out a "2 for $2" promotion soon, which he believes could have a "modest" impact on Wendy's, but more of an impact on Restaurant Brands' (QSR) Burger King. Badishkanian predicts McDonald's same-store sales growth should accelerate further in the fourth quarter, but not at the expense of Wendy's. He keeps a Buy rating on Wendy's shares with an $11 price target. WHAT'S NOTABLE: Yum! Brands (YUM), which also competes in the quick service food space with its KFC, Pizza Hut and Taco Bell brands, is rallying this morning after reporting last night that its China division's same-store sales grew an estimated 5% in October. PRICE ACTION: Wendy's stock has gained over 5% in the last month, closing yesterday at $9.63 per share. In that same period, McDonald's shares have risen over 8% while Restaurant Brands has declined 3%.
08:03 EDTJACKJack in the Box volatility elevated into Q4 and outlook
Jack in the Box November call option implied volatility is at 69, December is at 42, March is at 34; compared to its 52-week range of 22 to 50, suggesting large near term price movement into the expected release of Q4 results on November 18.
07:30 EDTWENWendy's added to Focus List at Citi
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November 12, 2015
18:11 EDTCSTECaesarstone responds to proxy contest initiated by shareholder Kibbutz Sdot-Yam
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16:27 EDTSPLKOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened in negative territory and weakened throughout the day, pushing equities down to their lowest levels of November. Comments made by Fed officials early in the day lent more uncertainty, not more clarity, regarding the chances of a rate hike at the FOMC meeting in December. The commodity sector was also weak, led by oil, which saw benchmark U.S. prices hit a three month low as WTI crude slid below $42 per barrel. ECONOMIC EVENTS: In the U.S., initial jobless claims were unchanged at 276,000 in the week of November 7, versus expectations for 270,000 first-time claims. The JOLTS report showed job openings rebounded 149,000 to 5.53M in September. In Europe, European Central Bank president Mario Draghi, in remarks delivered in a hearing in the European Parliament, once again signaled that the bank is ready to boost stimulus at its December meeting, if warranted. COMPANY NEWS: Shares of Angie's List (ANGI) gained $1.05, or 13.26%, to $8.97 after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, rose 92c, or 3.66%, to $25.90 following the revelation of the takeout bid for Angie's List... Department store owner Kohl's (KSS) advanced $2.64, or 6.12%, to $45.80 after its third quarter earnings and revenues beat expectations... Shares of PayPal (PYPL) were weak for a second straight session following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Shares of PayPal slipped 1.8% to close at $36.33 yesterday following The Wall Street Journal's report, then dipped another 2.1% to close at $35.57 today. MAJOR MOVERS: Among the notable gainers was Eros International (EROS), which rebounded 65c, or 7.88%, to $8.90 after calling allegations of security laws violations "baseless and misleading." Also higher was Splunk (SPLK), which rose $1.61, or 2.82%, to $58.78 after research firm JMP Securities reiterated an Outperform rating on the name, saying recent checks indicate that spending on Splunk products "remains healthy." (JD) advanced 3.2% to $28.78 after reporting 130% sales growth for China's Singles Day event. Among the noteworthy losers was Fairmount Santrol (FMSA), which fell 66c, or 22%, to $2.34 after reporting downbeat third quarter earnings and suspending its earnings guidance due to market "uncertainty." Also lower was Advance Auto Parts (AAP), which declined $30.00, or 15.41%, to $164.67 after its quarterly report missed analyst expectations, which came alongside a retirement announcement by its CEO and news of Starboard chief Jeff Smith being appointed to the company's board. Additionally, Derma Sciences (DSCI) lost 27.9% to $4.04 after terminating its Phase 3 clinical trials of aclerastide for the treatment of foot ulcers due to futility. INDEXES: The Dow fell 254.15, or 1.44%, to 17,448.07, the Nasdaq lost 61.94, or 1.22%, to 5,005.08, and the S&P 500 dropped 29.03, or 1.4%, to 2,045.97.
10:25 EDTDATAOptions with decreasing implied volatility
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09:00 EDTSPLKSplunk should be bought ahead of earnings, says JMP Securities
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