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Stock Market & Financial Investment News

News Breaks
April 1, 2013
11:03 EDTWRLD, EZPW, DLLR, CSH, FCFSPayday lenders slump after DFC Global lowers forecast
Shares of DFC Global (DLLR) and those of some of its peers in the alternative financial services industry declined after DFC issued worse than expected earnings per share guidance for its third quarter and lowered its view of profit for the full year. WHAT'S NEW: DFC Global announced this morning that it expects earnings per share for the three months ended March 31 to be 20c-24c, compared to the consensus forecast of 63c. The company also lowered its fiscal 2013 earnings per share guidance to $1.70-$1.80 from its prior estimate of $2.35-$2.45. The company cited issues caused by new regulations in the United Kingdom. In early March, a British regulator, the Office of Fair Trading, or OFT, said it would give "payday lenders" 12 weeks to change their business practices. One of the OFT's complaints about the lenders was that they were granting consumers loans that they could not afford to repay, and then profiting from multiple rollovers of those loans. DFC Global said that it has responded to these developments by implementing higher lending standards. The lender obtained 48% of its revenue from the United Kingdom in fiscal 2012, according to the company's annual report. OTHERS TO WATCH: Other publicly traded payday lending companies include First Cash Financial (FCFS), Cash America (CSH), EZCORP (EZPW) and World Acceptance (WRLD). TODAY'S PRICE ACTION: In mid-morning trading, DFC Global plunged over 18% to $13.59, while First Cash and World Acceptance slid about 2%, Cash America declined 2.7%, and EZCORP fell 3%.
News For DLLR;FCFS;CSH;EZPW;WRLD From The Last 14 Days
Check below for free stories on DLLR;FCFS;CSH;EZPW;WRLD the last two weeks.
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April 23, 2014
11:11 EDTDLLROptions with increasing implied volatility: DLLR AZN RL
10:01 EDTFCFSOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
09:08 EDTDLLRDFC Global shareholder Royal Capital to vote against proposals at meeting
DFC Global shareholder Royal Capital Management and its affiliates, collectively holding approximately 2.9% of the company's outstanding common stock, sent a letter to DFC Global's Board of Directors outlining its intention to vote against all proposals at the upcoming Special Meeting of Shareholders. The letter highlights RCM's perception of deficiencies in the sale process undertaken by the company and the resulting below fair value proposed sale price.
08:08 EDTWRLDSplunk, Big Lots on FBR's list of stocks that can double
FBR Capital compiled a list of stocks it believes can double within two years. The names on the list are: Big Lots (BIG), Children's Place (PLCE), Crane (CR), Dycom (DY), NCI Building Systems (NCS), Orbital Sciences (ORB), Orion Marine (ORN), Northstar Realty (NRF), World Acceptance (WRLD), Aegerion (AEGR), Novavax (NVAX), Cedar Fair (FUN), Sirius XM (SIRI), Sonus Networks (SONS), Splunk (SPLK) and Web.com (WWWW).
05:44 EDTFCFSFirst Cash Financial initiated with an Overweight at HSBC
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April 17, 2014
06:11 EDTFCFSFirst Cash Financial now sees 2014 EPS at low end of previous view $3.00-$3.15
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06:08 EDTFCFSFirst Cash Financial reports Q1 EPS 78c with items, consensus 66c
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April 16, 2014
12:00 EDTCSHCash America falls 4.5%
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10:51 EDTDLLROptions with decreasing implied volatility: DLLR FAST INTC
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April 13, 2014
20:02 EDTDLLRLifeLock, DFC Global have more downside, Barron's says
LifeLock's (LOCK) valuation looks rich and shares could have further downside. Investors say private equity firm Lone Star Funds offer to buy DFC Global (DLLR) for $9.50 undervalues the company. Investors should beware of both stocks, Barron's argues in its "The Trader" column. Reference Link
April 11, 2014
08:49 EDTCSHCash America price target raised to $63 from $57 at Ascendiant
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April 10, 2014
09:21 EDTCSHOn The Fly: Pre-market Movers
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09:00 EDTCSHCash America rises 12.5%
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07:08 EDTCSHCash America sees Q1 EPS $1.50-$1.55, consensus $1.20
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07:07 EDTCSHCash America sees Q1 results exceeding expectations
07:02 EDTCSHCash America announces plans to evaluate separation of online business
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06:05 EDTDLLRStocks with implied volatility movement; DLLR K
Stocks with implied volatility movement; DFC Global (DLLR) 34, Kellogg (K) 22 according to iVolatility.

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