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News Breaks | | | | August 30, 2012 | | 12:16 EDT |  | DD, GPS, COST, M, TGT, SHLD, FSLR, CIEN, P, VR, FSR, CG, LTD | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the sluggish trading environment persisted, without many clear-cut catalysts to spur buying. Stocks opened lower and drifted in a narrow range for the first 30 minutes of trading. The market then moved another leg lower and found a level where it continued to sit as lunch approached. The generally in-line data on personal income and spending, jobless claims and natural gas inventories did little to excite investors, who remain on the sidelines ahead of Fed Chairman Bernanke’s speech in Jackson Hole, WY... ECONOMIC EVENTS: In the U.S., 374,000 initial jobless claims were reported, versus the expected 370,000. Personal income rose 0.3% during the month of July, which matched expectations, while personal spending was up 0.4%, versus expectations for an increase of 0.5%. In Europe, German unemployment climbed for the fifth straight month and Spain's Prime Minister Mariano Rajoy said he will delay making a decision on a sovereign bailout until the aid conditions are clear... COMPANY NEWS: DuPont (DD) agreed to sell its Performance Coatings business to Carlyle Group (CG) for $4.9B. Shares of the two moved in opposite directions following the announcement, with DuPont down about 0.5% and Carlyle up about 0.4%... U.S. retailers including Target (TGT), Macy’s (M), Gap (GPS), Limited Brands (LTD) and Costco (COST) delivered strong comparable sales for August that were boosted by back-to-school buying... MAJOR MOVERS: Among the notable gainers were Flagstone Reinsurance (FSR), up 21% after agreeing to be purchased by Validus (VR) in a cash and stock deal, and Pandora (P), up 19% after it reported a break-even Q2, surpassing estimates, and issued a better-than-expected Q3 revenue forecast. Among the noteworthy losers were Ciena (CIEN), down over 17% following its disappointing Q3 results and Q4 guidance, and First Solar (FSLR), down 14% after the construction manager for the huge Agua Caliente solar project said it was halting deliveries from the company because construction is ahead of schedule. Also lower were shares of Sears Holdings (SHLD), down about 8% after news that the company's stock will be deleted from the S&P 500 index as of the close on September 4... INDICES: Near noon, the Dow was down 102.24, or 0.78%, to 13,005.24; the Nasdaq was down 30.13, or 0.98%, to 3,051.06; and the S&P 500 was down 10.74, or 0.76%, to 1,399.75. | |
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News For DD;CG;FSR;VR;P;CIEN;FSLR;SHLD;TGT;M;COST;GPS;LTD From The Last 14 Days Check below for free stories on DD;CG;FSR;VR;P;CIEN;FSLR;SHLD;TGT;M;COST;GPS;LTD the last two weeks. |
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| May 21, 2013 | | 15:47 EDT |  | TGT | Target May 72 weekly straddle priced for 2.9% move into Q1
 Subscribe for More Information | | | 15:18 EDT |  | TGT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | | 14:50 EDT |  | COST, GPS | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 11:57 EDT | | FSLR | Stocks with call strike movement; FSLR AMD
Subscribe for More Information | | | 11:50 EDT | | P | Pandora June volatility elevated as shares trend higher into Q1
Pandora June call option implied volatility is at 79, July is at 66, September is at 64; compared to its 26-week average of 65 according to Track Data, suggesting larger price movement into the expected release ofQ1 results on May 23. | | | 10:29 EDT |  | FSLR | Solar channel checks don't support bullishness of stocks, says Raymond James
Raymond James said feedback from solar channel checks rare is not as enthusiastic as excessive bullishness being exhibited by the stocks. First, the firm said European purchases of Chinese modules have dried up due to industry speculation of an upcoming EU tariff ruling; second, feedback suggests U.S. project developers are capital constrained; and third, there is a lack of industry rationalization. | | | 10:02 EDT | | FSLR | First Solar May weekly volatility elevated at 92 on sharp rally
Subscribe for More Information | | | 09:55 EDT |  | FSLR | First Solar rises with rest of group, levels to watch
Subscribe for More Information | | | 08:26 EDT | | SHLD | Sears Holdings June call volatility elevated into Q1 and outlook
Subscribe for More Information | | | 07:55 EDT | | TGT | Target Q1 earnings could be confusing, says Susquehanna
Susquehanna believes Target's Q1 earnings could prove confusing on an initial basis but views any issues as transitory. The firm expects the company's Canadian earnings progression to be a powerful catalyst. Shares are Positive rated with a $73 price target. | | | | 07:32 EDT |  | TGT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:29 EDT | | GPS | Gap May volatility elevated, shares at 13-year high into Q1 and outlook
Gap May weekly call option implied volatility is at 56, June is at 31, July and September is at 28; compared to it 26-week average of 33 according to Track Data, suggesting larger near price movement into the expected release of Q1 results on May 23. | | | 06:47 EDT | | TGT | Target November volatility elevated at 42 into Q1 and outlook
Subscribe for More Information | | | 06:42 EDT | | FSLR | U.S., EU to negotiate with China over solar trade dispute, NY Times says
The U.S. and EU will negotiate settlements with China over allegations that the country's solar energy sector carried out illegal trading practices, according to The New York times. Under a deal that's starting to emerge, Chinese solar companies would have to raise the prices of their solar panels, but the companies would no longer have to pay high tariffs, the newspaper explained. Reference Link | | | May 20, 2013 | | 12:24 EDT | | FSLR | Stocks with call strike movement; FSLR BBY
Subscribe for More Information | | | 10:11 EDT |  | P | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:04 EDT | | DD | BofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
Subscribe for More Information | | | 08:00 EDT | | FSLR | German minister calls potential EU solar tariffs 'grave mistake,' FT says
Subscribe for More Information | | | 07:50 EDT | | CG | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | 07:44 EDT | | VR | Credit Suisse to hold a field trip
Reinsurance Field Trip travels throughout Bermuda on May 19-21. | | |
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