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Stock Market & Financial Investment News

News Breaks
May 13, 2014
20:25 EDTDE, DE, M, M, VIP, VIP, COTY, COTY, KATE, KATE, PF, PF, SODA, SODANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Deere (DE), consensus $2.48; Macy's (M), consensus 59c; VimpelCom (VIP), consensus ; Coty (COTY), consensus 9c; Kate Spade (KATE), consensus (4c); Pinnacle Foods (PF), consensus 35c; SodaStream (SODA), consensus 1c.
News For DE;M;VIP;COTY;KATE;PF;SODA From The Last 14 Days
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October 29, 2014
08:41 EDTSODASodaStream says acquisition rate of new users has dramatically slowed in U.S.
SodaStream said that the company outgrew its internal capacity and expanded its product range, resulting in operational complexity and erosion of its profit margins. The company invested in buying back distributor markets and in capacity expansion, but in the U.S. market its acquisition rate of new users has "dramatically" slowed down, though usage rates continue to be strong. SodaStream says outside the U.S. its continues to enjoy growth, though at lower rates than in previous years. SodaStream said it plans to establish a new global procurement unit to reduce costs and working capital and improve supply efficiencies and to consolidate operational structure for simplicity and efficiency and reduce headcount where appropriate. Comments from slides for the "SodaStream Growth Plan" presentation.
07:37 EDTSODASodaStream sees FY14 revenue to decrease 9%, consensus $547.26M
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07:36 EDTSODASodaStream reports Q3 EPS 45c, consensus 39c
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October 28, 2014
07:13 EDTMMacy's, Bloomingdale's stores to open in Abu Dhabi in 2018
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06:44 EDTSODASodaStream weekly volatility increases into Q3 and outlook
SodaStream October weekly call option implied volatility is at 159, November is at 88, December is at 69, April is at 52; compared to its 26-week average of 50 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
October 27, 2014
14:54 EDTVIPVimpelCom says explored 50/50 JV in Italy on Wind subsidiary
VimpelCom disclosed in a regulatory filing that it has noted recent analyst and media comments concerning Wind, its fully owned subsidiary in Italy. The company has held discussions to explore the potential value which would accrue to shareholders through a 50/50 joint venture in Italy. No conclusion to these discussions was reached. The company will continue to explore value adding transactions but there can be no guarantee that a transaction on terms acceptable to the company will be identified.
12:33 EDTSODASodaStream retraces nearly all of its Friday gains, levels to watch
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09:37 EDTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
October 24, 2014
16:54 EDTSODAMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:20 EDTSODAOn The Fly: Closing Wrap
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12:49 EDTSODAOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
11:55 EDTSODASodaStream up 18% after confirming 'small-scale' PepsiCo deal
11:54 EDTSODASodaStream confirms 'small-scale' PepsiCo agreement
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11:44 EDTSODASodaStream, PepsiCo tests 'very small scale,' CNBC's Dominic Chu says
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11:25 EDTSODASodaStream said to test PepsiCo branded products, Bloomberg reports
Bloomberg cites industry newsletter Beverage Digest on SodaStream's (SODA) planned test of PepsiCo (PEP) products in Florida. PepsiCo is looking at various in-home platforms, Bloomberg cites Beverage Digest as having reported.
October 23, 2014
08:57 EDTSODASodaStream weekly volatility increases into Q3 and outlook
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08:41 EDTMBuild-A-Bear partners with Macy's to open shop-in-shop locations for holidays
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October 21, 2014
10:50 EDTSODASodaStream long idea reiterated by Tilson at Robin Hood, Bloomberg reports
October 20, 2014
13:10 EDTKATESteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
05:32 EDTVIPVimpelCom subsidiary sells Burundi, Central African Republic operations for $65M
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