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Stock Market & Financial Investment News

News Breaks
February 14, 2014
12:41 EDTHAS, DDD3D Systems and Hasbro agree to co-venture 3D printing play experiences
3D Systems (DDD) and Hasbro (HAS) announced their intent to co-develop, co-venture and deliver play experiences powered by 3D printing for children and their families later this year.
News For DDD;HAS From The Last 14 Days
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April 24, 2015
08:11 EDTDDD3D Systems drops after 'abrupt interruption' in demand causes Q1 weakness
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08:07 EDTDDD3D Systems evaluating FY15 guidance after Q1 weakness
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08:05 EDTDDD3D Systems says Q2 bookings to-date ahead of same period in Q1
"Several weeks into the second quarter, bookings are ahead of the same period in the first quarter. Specifically, OEMs that paused to assess their own exposure to foreign currency and macroeconomic impacts are beginning to resume their capital investments and are making the purchases they deferred during the first quarter," said 3D Systems CEO Avi Reichental.
08:04 EDTDDD3D Systems 'surprised, disappointed' by abrupt interruption demand late in Q1
"We were surprised and disappointed by the abrupt interruption in customer demand late in the quarter from several economic factors that we believe caused our industrial customers to defer their planned investments," said 3D Systems CEO Avi Reichental. "We believe the combination of our expanding international business and growing concentration of manufacturing customers made us more vulnerable to the steep currencies decline relative to the U.S. Dollar and the aftermath of lower oil prices that curbed aerospace and automotive expenditures." The company believes that economic weaknesses attributable to several factors, including the decline in the Euro and Yen relative to the U.S. Dollar and the aftershock of lower oil prices, caused the majority of its aerospace, automotive and healthcare customers to curb new printer purchases during the quarter and curtail their materials and service purchases. In addition, certain metal and nylon applications and performance issues delayed the company's ability to sell additional printers during the quarter. The combined impact of these factors compressed the company's expected revenue growth for the quarter to 9% over the comparable quarter of 2014, or 17% at Q1 exchange rates. A stronger U.S. Dollar reduced total quarterly revenues by approximately $12M at comparable 1Q14 currency rates.
08:02 EDTDDD3D Systems sees Q1 EPS 2c-4c, consensus 17c
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05:44 EDTHASGoldman raises Toys sector to Attractive, upgrades Mattel
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April 22, 2015
13:39 EDTDDDAnalyst warns competition growing in 3D printing space
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07:52 EDTDDDStratasys 3D Systems having tough time with competition, says Oppenheimer
After attending a 3d printing conference, Oppenheimer says the outlook for the sector is as strong as ever, but that multiple new players are entering the market. The firm says that the competition is tough for both Stratasys and 3D Systems, although the latter may be seeing more pressure, since most of thee merging technologies seem to target its technologies. The firm keeps an Outperform rating on 3D Systems and a Perform rating on Stratasys.
April 21, 2015
06:51 EDTHASHasbro price target raised to $79 from $66 at Piper Jaffray
Piper Jaffray raised its price target for Hasbro to $79 and says the stock remains a top pick following the company's Q1 results. Piper views Hasbro's product slate for 2015 and 2016 as robust and keeps an Overweight rating on the name.
06:49 EDTDDDResellers remain unhappy with 3D Systems, says Piper Jaffray
After surveying 62 3D printing resellers and service bureau operators, Piper Jaffray thinks the printing industry experienced a "modest downtick" in Q1 with "much more aggressive sales tactics" and "creative financing" used at the end of the quarter. Regarding Stratasys (SSYS), Piper's feedback did not point to above plan results as was the case in previous quarters. Regarding 3D Systems (DDD), Piper's survey indicated demand was "once again poor" with resellers still unhappy over the company’s channel management and product demand. Piper thinks Stratasys can match consensus estimates for Q1, but no longer views its guidance as conservative. The firm keeps a Neutral rating on both Stratasys and 3D Systems. Its Overweight rated names in the space are Materialise (MTLS) and Proto Labs (PRLB).
April 20, 2015
17:04 EDTHASOn The Fly: Top stock stories for Monday
Stocks on Wall Street were higher for the day, beginning the session sharply higher and remaining in positive territory throughout. China’s central bank announced a reduction in bank reserve requirements in an effort to increase liquidity and spur economic growth within the country. Following the open, the market moved in a relatively narrow range as investors await the latest round of earnings reports for one of the season's heavier weeks. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index came in at 0.42 versus expectations for positive 0.1. In Asia, the People's Bank of China lowered its reserve requirement ratio, by 1 percentage point, the lowest since the financial crisis. Despite this, the Shanghai Composite Index fell 1.6% because regulators had already begun curbing speculative trading on Friday. COMPANY NEWS: Morgan Stanley (MS) advanced 0.57%, or 21c, to $36.96 after reporting earnings prior to the market open. The bank beat on both EPS and revenue, and also raised its dividend to 15c from 10c. CEO James Gorman was pleased with the quarter and cited growth across the majority of the company's operations. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which rose 12.55% to end the session at $74.16 after reporting EPS and revenue in excess of analyst expectations. During its earnings conference call, the company appeared confident on its 2015 offerings which include Disney (DIS) Princess and Frozen product lines. Also higher was Rovi (ROVI), gaining 8.64% to close the day at $19.11 after renewing its licensing and program guide agreement with Charter (CHTR). Among the noteworthy losers was Caesars Entertainment (CZR), tumbling 17.01% to $10 after failing to reach an agreement on its restructuring. Also lower were a number of medical companies involved in the development of CAR-T cancer therapies, including Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP). The drop followed disappointing, small-scale studies presented during the annual meeting of the American Association for Cancer Research. INDEXES: The Dow rose 208.63, or 1.17%, to 18,034.93, the Nasdaq advanced 62.79, or 1.27%, to 4,994.6, and the S&P 500 gained 19.22, or 0.92%, to 2,100.4.
12:31 EDTHASOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after China’s central bank relaxed reserve requirements for its banks. The nation's own stock market struggled to overcome the cross current of other actions taken to cut down on speculative trading there, but U.S. stock markets surged at the open and had not looked back by midday. The domestic economic calendar has quiet and earnings continue to be the focal point at home, as a great number of S&P 500 companies prepare to report this week. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index had a reading of -0.42, versus expectations for a +0.10 reading. A reading below zero represents economic activity below trend. In China, the People's Bank of China cut the reserve-requirement ratio, or the amount of reserves lenders need to hold, by 1 full percentage point, which was the biggest cut since the depths of the financial crisis and more than expected by economists. However, the Shanghai Composite Index still dropped 1.6%, since the reserve-requirement cut came after regulators had moved to curb speculative trading with actions taken Friday. COMPANY NEWS: Shares of Morgan Stanley (MS) advanced 1% after the bank's headline earnings excluding certain adjustments and tax benefits beat expectations. CEO James Gorman noted that the first quarter of the year was the bank's "strongest quarter in many years with improved performance across most areas of the firm." Morgan Stanley also increased its quarterly dividend to 15c per share from 10c per share. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which gained 10% after the toymaker's sales and profits widely topped expectations in its fiscal first quarter. Also higher was Rovi (ROVI), which gained more than 10% after the company announced it has renewed its patent license and interactive program guide product agreement with Charter Communications (CHTR). Among the noteworthy losers was FARO Technologies (FARO), which dropped 25% and was downgraded by Noble Financial and Needham after the preannounced lower than expected first quarter revenue. Also lower were a number of companies that are developing CAR-T cancer therapies following the annual meeting of the American Association for Cancer Research. Mizuho analyst Peter Lawson attributed the pullback to disappointment in this weekend's solid tumor data on a small number of patients with advanced cancers who were given CAR-T therapy developed by Novartis (NVS) and the University of Pennsylvania. Shares of Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP) were all lower near noon. INDEXES: Near midday, the Dow was up 236.19, or 1.32%, to 18,062.49, the Nasdaq was up 59.54, or 1.21%, to 4,991.35, and the S&P 500 was up 21.82, or 1.05%, to 2,103.00.
10:03 EDTHASHigh option volume stocks
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09:39 EDTHASHasbro hits fresh life high after results, levels to watch
Shares are up over 7% to $70.60 a time of writing following stronger than expected results. As this is a fresh lifetime high, there is no resistance overhead. A move to the $72.50 to $75 area could be possible presuming the $70 level holds as support.
08:49 EDTHASHasbro expects ForEx will continue to be challenge throughout the year
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08:28 EDTHASHasbro targets operating cash flow of $500M on average per year
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08:27 EDTHASHasbro sees favorable product mix and low cost inflation in 2015
Seeds 2015 as a strong entertainment year consistent with 2014. Expects product development to be 5%-5.5% of revenue due to Disney Princess and Frozen Investments ahead of revenues. Targets advertising level consistent with last two years. Projects $44M in 2015 as additional assets becoming fully amortized. Expects to invest in content across mediums, primarily television expense. Expects FY15 interest expense is consistent with historical trends as % of revenues. Expects FY15 tax rate anticipated at 26.5%-27.5%. Comments taken from slides for Q1 earnings conference call.
06:34 EDTHASHasbro reports Q1 US and Canada revenue $345.7M
Reports Q1 International revenue $305.7M; Reports Q1 Entertainment and Licensing revenue $60.6M. Reports Q1 Boys revenue $272.6M; Reports Q1 Games revenue $235.6M; Reports Q1 Girls revenue $117.1M; Reports Q1 Preschool revenue $88.1M.
06:33 EDTHASHasbro: Several factors helped mitigate negative impact of foreign exchange
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06:31 EDTHASHasbro reports Q1 adjusted EPS 21c, consensus 8c
Reports Q1 revenue $713.5M, consensus 660.27M
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