New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For DELL;MSFT;BBRY;LNKD;CMG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
April 23, 2015
05:55 EDTCMGChipotle signs deal with Postmates for delivery service, Re/code reports
Chipotle has signed a deal with Postmates to begin delivery services, Re/code reports, citing comments from the company's conference call earlier this week. Mark Crumpacker, the company's Chief Creative Officer, said that the delivery service is currently available in about two dozen metro areas. Reference Link
April 22, 2015
16:44 EDTCMGOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in positive territory, but turned negative shortly after the open. The downside move failed to gain momentum and the averages remained near the flat line for most of the morning. The market moved to session highs by mid-afternoon and drifted higher into the close, as investors prepared for another round of earnings reports. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of Visa (V) rose $2.66, or 4.07%, to $68.01 and MasterCard (MA) advanced $3.43, or 3.91%, to $91.20 after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. Goldman Sachs said the overall rule is broader and simpler than expected, raising the possibility that Visa and MasterCard could operate more freely in China than the firm had previously expected... Shares of McDonald's (MCD) advanced $2.97, or 3.13%, to $97.84 after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. MAJOR MOVERS: Among the notable gainers was Organovo (ONVO), which surged 67c, or 14.99%, to $5.14 after disclosing the company entered into a multi-year research collaboration agreement with Merck (MRK) that gives the drugmaker access to Organovo’s commercial exVive3D Human Liver Tissue service. Also higher was Vitamin Shoppe (VSI), which gained $5.54, or 14.22%, to $44.50 after asset management firm Carlson Capital revealed that it had obtained a 5.34% stake in the company and said that it had held talks with the retailer of natural treatments, supplements and vitamins. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped $1.38, or 19.94%, to $5.54 after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower were shares of Chipotle Mexican Grill (CMG), which fell $51.29, or 7.41%, to $641.23 after the company reported lower than expected first quarter comparable sales growth of 10.4%. INDEXES: The Dow rose 88.68, or 0.49%, to 18,038.27, the Nasdaq gained 21.07, or 0.42%, to 5,035.17, and the S&P 500 advanced 10.67, or 0.51%, to 2,107.96.
12:31 EDTCMGOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after having been on a bit of a see-saw during morning trading. The averages opened in positive territory, soon turned negative, then back into positive ground following the release of a better than expected existing home sales report. The housing data was followed by a lift in the averages, which remained in positive ground near noon. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of McDonald's (MCD) advanced 2% after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. Also rising after its quarterly report was another globally recognized brand, Coca-Cola (KO), whose shares gained 1% after its comparable earnings per share topped the consensus estimate. A third member of the Dow, Boeing (BA), slid over 2.5% after its earnings beat expectations but its revenue fell short of the consensus forecast... Visa (V) rose 5% and MasterCard (MA) advanced over 4% after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. MAJOR MOVERS: Among the notable gainers was Angie's List (ANGI), which jumped 12% after the company reported it was profitable in the first quarter and announced an exclusive relationship that will see carpet manufacturer Shaw Industries give the company's members exclusive product offers. Also higher was ASML (ASML), which gained 11% after announcing that it has signed an agreement with one of its "major U.S. customers" to deliver a minimum of 15 ASML EUV, or Extreme Ultraviolet, lithography systems. Afterward, Summit Research said it thinks the most likely buyer is Intel (INTC), which the firm believes does not want to be left behind if TSMC (TSM) puts EUV to use in 10nm processing. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped 19% after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower following their earnings reports were ADTRAN (ADTN), which fell over 9%, Cree (CREE), which slid 9%, and Chipotle Mexican Grill (CMG), which declined 6%. INDEXES: Near midday, the Dow was up 28.69, or 0.16%, to 17,978.28, the Nasdaq was up 6.66, or 0.13%, to 5,020.77, and the S&P 500 was up 5.24, or 0.25%, to 2,102.53.
10:37 EDTCMGAnalysts upbeat on Chipotle despite comparable sales miss
The shares of Chipotle Mexican Grill (CMG) are falling after the company reported lower than expected first quarter comparable sales growth. Despite the miss, several research firms defended the stock and recommended buying the shares on weakness. BACKGROUND: Chipotle reported first quarter comparable restaurant sales growth of 10.4%, versus the consensus outlook of 11.8%. However, its earnings per share beat expectations, partly due to lower spending, while its revenue was roughly in-line with the consensus outlook. The Mexican restaurant operator guided to low-to-mid single digit comparable restaurant sales growth for the current fiscal year. ANALYST REACTION: In a note to investors earlier today, JPMorgan analyst John Ivankoe wrote that the short-term weakness in the stock creates an opportunity for longer-term investors. The company has numerous initiatives that will increase its sales, while its store count increased a higher than expected 10% year-over-year and its store margins increased 1.9 percentage points last quarter, the analyst stated. He kept a $730 price target and Overweight rating on the shares. Although many investors are reluctant to buy Chipotle's stock because it faces tougher comparisons for the rest of this year, the company has a number of positive catalysts, including inevitable price increases and comps that are likely to reaccelerate into 2016, wrote Oppenheimer analyst Brian Bittner. Additionally, the company's trend remains positive, while the impact of its Pizzeria Locale will increase sooner than expected, added the analyst ,who kept a $775 price target and Outperform rating on the shares. The structural elements of Chipotle's business remain very healthy, while the factors that caused its comp miss are temporary, wrote research firm Robert W. Baird, which believes that the stock has reached an attractive entry point for investors with a 6-12 month horizon. The firm kept an $800 price target and Outperform rating on the shares. Breaking the mostly bullish trend among research firms this morning, Raymond James downgraded Chipotle to Market Perform from Outperform following the Q1 report. The firm cited lower comparable sales visibility, which likely caps the stock's valuation. PRICE ACTION: In early trading, Chipotle fell 7.6% to $640 per share.
10:02 EDTCMGOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:01 EDTMSFTEY and Microsoft form strategic business relationship
Subscribe for More Information
09:22 EDTCMGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
08:59 EDTCMGChipotle at attractive entry point for long-term investors, says Baird
Subscribe for More Information
08:16 EDTMSFTSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
Subscribe for More Information
08:05 EDTCMGChipotle outlook still positive, says Oppenheimer
Subscribe for More Information
06:46 EDTCMGChipotle should be bought on earnings weakness, says JPMorgan
Subscribe for More Information
06:45 EDTCMGChipotle downgraded to Market Perform from Outperform at Raymond James
Subscribe for More Information
05:50 EDTCMGStocks with implied volatility movement; CMG IP
Stocks with implied volatility movement; Chipotle (CMG) 37, International Paper (IP) 28 according to iVolatility.
April 21, 2015
19:48 EDTLNKDLinkedIn files patent for fact-checking system
LinkedIn has filed a patent for a fact-checking system. According to the filing, the system will compare information from the user to "one or more sources." Reference Link
19:06 EDTCMGOn The Fly: After Hours Movers
Subscribe for More Information
16:14 EDTCMGChipotle exploring options to increase pork supply
Subscribe for More Information
16:03 EDTCMGChipotle sees FY15 comp restaurant sales growing low-to-mid single digit
Subscribe for More Information
16:02 EDTCMGChipotle reports Q1 EPS $3.88, consensus $3.66
Subscribe for More Information
15:28 EDTCMGNotable companies reporting after market close
Subscribe for More Information
13:52 EDTCMGChipotle April weekly 697 straddle priced for 6.9% movement into Q1
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use