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Stock Market & Financial Investment News

News Breaks
July 18, 2014
10:03 EDTWSR, WEN, DATA, SPLK, SMSI, RYAM, QLIK, PED, NMBL, DOOR, KONA, JACK, IR, FLIR, ECPG, CSTE, BDC, CRMTOn The Fly: Analyst Initiation Summary
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.
News For CRMT;BDC;CSTE;ECPG;FLIR;IR;JACK;KONA;DOOR;NMBL;PED;QLIK;RYAM;SMSI;SPLK;DATA;WEN;WSR From The Last 14 Days
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October 23, 2014
16:21 EDTQLIKQlik Technologies sees Q4 EPS 26c-30c, consensus 34c
Sees Q4 revenue $176M-$181M, consensus $183.88M.
16:20 EDTQLIKQlik Technologies reports Q3 EPS 1c, consensus 0c
Reports Q3 revenue $131.3M, consensus $124.1M.
15:39 EDTFLIRNotable companies reporting before tomorrow's open
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15:30 EDTQLIKNotable companies reporting after market close
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09:30 EDTIRIngersoll-Rand files automatic mixed securities shelf
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October 22, 2014
07:09 EDTIRIngersoll-Rand sees Q4 continuing ops EPS 68c-72c, consensus 79c
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07:08 EDTIRIngersoll-Rand sees FY14 adjusted EPS $3.20-$3.24, consensus $3.24
Sees FY14 revenue up approx. 4%, consensus $12.84B. Restructuring expenses are expected to approximate (3c) per share. Free cash flow for full-year 2014 is expected to be in the range of $800M-$850M.
07:07 EDTIRIngersoll-Rand sees acquisition of Cameron assets closing before end of year
In August, the company (IR) announced that it entered into an agreement to acquire the assets of Cameron International Corporation’s (CAM) Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval.
07:06 EDTIRIngersoll-Rand reports Q3 continuing ops EPS $1.10, consensus $1.04
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October 21, 2014
15:35 EDTIRNotable companies reporting before tomorrow's open
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11:57 EDTJACKChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
10:00 EDTBDCOn The Fly: Analyst Upgrade Summary
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07:19 EDTBDCBelden upgraded at Stifel
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06:48 EDTBDCBelden upgraded to Buy from Hold at Stifel
October 14, 2014
08:39 EDTPEDPacific Energy Development acquires additional acreage in Wattenberg Core
PEDEVCO Corp. d/b/a Pacific Energy Development announced that the company acquired an additional 863.61 net acres in Weld County, Colorado, approximately 857.9 net acres of which are located in the prolific Wattenberg core area, as well as a number of general business initiatives related to the company's rapid growth trajectory. The company acquired the additional Wattenberg core acreage from Continental Resources in exchange for the company's assumption of approximately $73,000 in certain ad valorem tax liabilities from Continental with respect to certain operated wells the company acquired from Continental in March. In addition, on October 9, Continental paid to the company approximately $483,000 cash to reflect certain final post-closing adjustments in connection with the company's March acquisition. With the addition of this new Wattenberg core acreage, the company now holds approximately 14,132.5 net acres in its Wattenberg asset, with interests in 45 horizontal wells, 11 of which are operated by the company and currently producing, with an additional 3 operated wells recently drilled and currently awaiting completion in late-October, 16 non-operated wells, and 15 wells in which the company has an after-payout interest. The company is currently preparing to commence completion operations on its recently drilled three well-pad Loomis wells, with initial results expected to be available in early November.
October 13, 2014
09:23 EDTDATA, SPLKHP could buy lower valuation company, says Bernstein
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06:04 EDTSPLKSplunk upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Splunk to Outperform citing better earnings visibility and more reasonable valuation levels.
October 12, 2014
17:20 EDTSPLKGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
10:01 EDTNMBLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
07:23 EDTSPLKSplunk price target raised to $65 from $56 at Deutsche Bank
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