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Stock Market & Financial Investment News

News Breaks
May 9, 2012
12:38 EDTDVAX, PCS, SODA, DIS, CQB, BBBY, TM, DTEGY, CPWM, MOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, but the major averages were well off the lows seen about an hour into trading. The market is down for the sixth consecutive session, its longest losing string of the year. The weakness is being attributed to concern about the fate of the euro zone as a new leader takes over in France and Greece struggles to form a government and may need to hold another round of elections. The past several sessions have seen the market open lower but rally during the later hours of the session to reduce the day's losses. So far today that trend is continuing as the averages have recovered significantly from their worst levels... ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.3% in March, versus the expected increase of 0.6%. In Europe, Spanish 10-year bond yields rose above 6% and more reports indicated that efforts to form a new government in Greece were expected to fail, putting the country's bailout deal in doubt and renewing concerns about Greece intentionally exiting or being forced off the euro. A Reuters report, citing EU sources, said the EU is more likely than not to agree to the latest EUR 5.2B bailout payment due tomorrow to Greece from the EFSF bailout fund, which may have contributed to a late morning rally seen here in the States... COMPANY NEWS: Disney (DIS) shares gained over 2% after its earnings beat expectations, while Macy's (M) slid more than 3% in spite of earnings that also came in above consensus... Toyota (TM) reported a surge in its Q4 net income and forecast a doubling of profits in the current fiscal year, sending its stock up more than 3%... MAJOR MOVERS: Among the notable gainers were SodaStream (SODA), up over 26%, after it reported much stronger than expected results and boosted its 2012 guidance, and Cost Plus (CPWM), up about 22%, after agreeing to be acquired by Bed Bath & Beyond (BBBY) for $22 per share. Also higher were shares of MetroPCS (PCS), up about 19%, after Bloomberg reported Deutsche Telekom (DTEGY) was said to be in talks with the company on a potential T-Mobile deal. Noteworthy losers included Chiquita Brands (CQB), down 32%, after its earnings fell short of consensus and it warned that it sees 2012 continuing to be "a challenging year," and Dynavax (DVAX), down more than 22%, after pricing 17.5M shares at $4.25 in a secondary stock offering... INDICES: Near 12:30 pm ET, the Dow was down 98.05, or 0.76%, to 12,834.04; the Nasdaq was down 17.19, or 0.58%, to 2,929.08; and the S&P 500 was down 9.58, or 0.70%, to 1,354.14.
News For DIS;M;TM;SODA;CPWM;BBBY;PCS;DTEGY;CQB;DVAX From The Last 14 Days
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June 24, 2015
16:20 EDTDISDisney plans semi-annual dividend, says raising dividend 15% annually
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16:20 EDTBBBYBed Bath & Beyond sees FY15 EPS flat to up mid-single digits, consensus $5.25
16:19 EDTBBBYBed Bath & Beyond repurchased approximately $385M common stock in Q1
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16:18 EDTBBBYBed Bath & Beyond says Q1 SSS include approximate 0.3% unfavorable FX impact
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16:17 EDTBBBYBed Bath & Beyond sees Q2 EPS $1.18-$1.23, consensus $1.23
Sees Q2 SSS up 2%-3%. Continues to model a 2.0% to 3.0% increase for the remainder of the year.
16:15 EDTBBBYBed Bath & Beyond reports Q1 EPS 93c, consensus 94c
Reports Q1 revenue approximately $2.738B, consensus $2.74B. Reports Q1 SSS up approximately 2.2%.
15:53 EDTBBBYSunTrust identifies the most likely M&A activity in specialty retail
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15:12 EDTBBBYBed Bath and Beyond June weekly June 71 straddle priced for 6.3% move into Q1
15:01 EDTBBBYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Bed Bath & Beyond (BBBY), consensus 94c.
13:50 EDTBBBYBed Bath & Beyond technical comments ahead of earnings
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08:25 EDTDISNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
07:43 EDTDISDisney not investing $250M to DraftKings, Re/code reports
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06:09 EDTBBBYOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
June 23, 2015
14:04 EDTBBBYBed Bath & Beyond could be attractive buyout target, WSJ says
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13:09 EDTDISHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
11:01 EDTDVAXDynavax management to meet with William Blair
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10:57 EDTTMReport: Toyota offices raided by police, Globe and Mail says
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10:00 EDTDTEGYOn The Fly: Analyst Upgrade Summary
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06:57 EDTBBBYBed Bath and Beyond June volatility elevated into Q1 and outlook
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05:29 EDTDTEGYDeutsche Telekom upgraded to Buy from Neutral at Nomura
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