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Stock Market & Financial Investment News

News Breaks
February 22, 2012
17:00 EDTATRI, DELL, CHS, GRMN, TOL, MGM, HSTM, FIRE, CETVOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as the market took a breather from its steady move higher so far this year. The open was slightly lower following a weak pre-market session by the futures. The weakness was attributed to concerns over whether Greece could adhere to its austerity measures over the medium term, as well as disappointing manufacturing data from Europe and China. The market moved to its lowest levels of the session near mid-day, following statements by the Obama administration that corporate tax rates would be reduced but that interest would be taxed as ordinary income. The market quickly found a level where it sat for a couple of hours before moving back towards the flat line. There was little in the way of catalysts to move the buyers off the sidelines, as the domestic economic calendar remained quiet and there were few headlines of note from Europe... ECONOMIC EVENTS: Domestically, existing home sales rose by 4.3% in January, but the prior month's growth rate was revised lower. The resulting annual sales rate of 4.57M homes sold was down slightly from the annual rate of 4.61M reported a month ago. Also of note was a proposal from the Obama administration to cut the maximum U.S. corporate tax rate to 28% from 35% while eliminating many existing tax loopholes. Internationally, a euro zone composite PMI and a separate Chinese PMI reading both came in at 49.7, indicating contraction... MARKET NEWS: Dell (DELL) fell about 6% in heavy trading as it was downgraded to Neutral from Buy at Citigroup following its Q4 report. Citi cited weakening prospects for additional margin expansion and lowered its price target in the name to $19 from $20... Among others reporting earnings, winners included Chico's FAS (CHS) and Garmin (GRMN); losers included Toll Brothers (TOL) and MGM Resorts (MGM)... MAJOR MOVERS: Notable gainers included Healthstream (HSTM), up $5.21, or 30.05%, to $22.55, and SourceFire (FIRE), up $9.36, or 26.13%, to $45.18, following their earnings reports. Noteworthy losers included Central Euro Media (CETV), down $1.55, or 18.24%, to $6.95, and Newfield Exploration (NFX), down $5.37, or 12.71%, to $36.88, after disappointing quarterly results... INDICES: The Dow fell 27.02, or 0.21%, to 12,938.67; the Nasdaq slid 15.40, or 0.52%, to 2,933.17; and the S&P 500 dropped 4.55, or 0.33%, to 1,357.66.
News For DELL;CHS;GRMN;TOL;MGM;HSTM;FIRE;CETV;ATRI From The Last 14 Days
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October 29, 2014
11:10 EDTGRMNGarmin says nothing to announce for potential new action camera products in 2015
11:10 EDTGRMNGarmin: Q3 results not surprising due to seasonality
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10:55 EDTGRMNGarmin feels good on where it stands on product positioning
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10:46 EDTGRMNGarmin 2014 tax rate to be 17% due to delayed approval of R&D tax credit
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10:38 EDTGRMNGarmin falls after results, levels to watch
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09:19 EDTGRMNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
07:02 EDTGRMNGarmin sees FY14 pro forma EPS approx. $3.10, consensus $3.07
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07:01 EDTGRMNGarmin reports Q3 pro forma EPS 76c, consensus 71c
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October 28, 2014
15:44 EDTGRMNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
09:34 EDTMGMNevada reports September statewide gaming win down 5.97% to $901.7M
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October 27, 2014
10:00 EDTGRMNOn The Fly: Analyst Upgrade Summary
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09:14 EDTGRMNOn The Fly: Pre-market Movers
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05:30 EDTGRMNGarmin upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Garmin to Buy citing the recent pullback in shares and its belief Q4 and 2015 consensus estimates have upside. Goldman says its channel checks indicate Garmin's fitness products are positioned well into the holiday season. The firm raised its price target for shares to $64 from $61. The stock closed Friday up $1.03 to $55.26.
October 23, 2014
18:34 EDTMGMEaton contracted to provide MGM Resorts with power management solutions
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09:15 EDTMGMNRG Energy and MGM Resorts to install convention center solar array
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October 20, 2014
16:35 EDTHSTMHealthstream updates subscriber use for subscription-based solutions
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16:32 EDTHSTMHealthstream reports Q3 EPS 12c, consensus 8c
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07:51 EDTTOLToll Brothers initiated with a Neutral at Buckingham
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October 17, 2014
10:00 EDTGRMNOn The Fly: Analyst Initiation Summary
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08:19 EDTGRMNGarmin initiated with a Neutral at Credit Suisse
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