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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:25 EDTDLTRDollar Tree spikes above its 10-day moving average, levels to watch
The shares are up over 4% at time of writing, breaking above resistance at the 10-day moving average, last at $40.06 and now support. At the current price of $40.98, next resistance is at $41.53, a recent pivot high.
News For DLTR From The Last 14 Days
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September 1, 2015
16:26 EDTDLTROn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory and remained there throughout the session. The weakness was attributed to the release of poor economic data out of China that confirms the world's second largest economy is slowing. There was little help from the day's domestic economic reports, as the construction spending and ISM manufacturing data came out roughly in-line with expectations. The market pared its losses slightly just before the lunch hour, but then the sellers regained control and pushed the averages down further with no sign of a rally prior to the close. ECONOMIC EVENTS: In China, the government's official manufacturing purchasing manager's index fell to 49.7 in August, indicating contraction and marking its worst PMI reading in three years. In the U.S., the Institute for Supply Management's manufacturing index for August came in at 51.1, below the consensus forecast for a reading of 52.5. Markit's manufacturing PMI for last month came in at 53.0 in its final reading, slightly beating expectations for a 52.9 reading. Construction spending rose 0.7% in July, beating/missing expectations for spending to have grown 0.6% in the month. In Europe, the final Eurozone manufacturing PMI for August came in at 52.3, which was a tick down from the flash reading of 52.4 and from July's final 52.4 reading. The EU's statistics agency said the eurozone's unemployment rate fell to 10.9% during July, marking the area's lowest unemployment figure since February 2012. COMPANY NEWS: Ford (F) reported August U.S. sales that it said were its best in nine years, growing its sales by 5% to 234,237 vehicles last month, but its shares slipped 1.08% to $13.72 amid the broader market weakness. General Motors (GM) fell 2.75% to $28.63 after the company reported its U.S. sales slipped 0.7% to 270,480 vehicles in August, while Fiat Chrysler (FCAU) shares slid 3.4% to $13.65 after the company reported its U.S. sales increased 1.7% last month to 201,672 units... Shares of streaming video giant Netflix (NFLX) fell $9.39, or 8.16%, to $105.64 after Variety reported that Apple (AAPL) is exploring an entry into the original programming business and Amazon (AMZN) announced it expanded Prime Video downloads to the iOS and Android platforms. MAJOR MOVERS: Among the notable gainers was drugmaker Trevena (TRVN), which surged 51% to $9.06 after reporting that its study of post-surgery painkiller TRV130 met its primary endpoint. Also higher was Internap (INAP), which gained 12% to $8.93 after disclosing that it is exploring strategic alternatives. Among the noteworthy losers was Penn West (PWE), which declined about 16.5% to 64c after suspending its dividend and announcing plans to cut its global workforce by 35% amid the weak commodity price environment. Also lower were both Westport (WPRT) and Fuel Systems (FSYS), which lost a respective 5.93% and 4.23%, after agreeing to merge and reiterating current revenue outlooks for both companies. Additionally, Dollar Tree (DLTR) fell 9.2% to $69.22 after its pre-market earnings report. Note that in a regulatory filing last night, the company disclosed that it does not plan to pay a dividend following its combination with Family Dollar. INDEXES: The Dow dropped 469.68, or 2.84%, to 16,058.35, the Nasdaq lost 140.40, or 2.94%, to 4,636.10, and the S&P 500 fell 58.33, or 2.96%, to 1,913.85.
12:21 EDTDLTROn The Fly: Top stock stories at midday
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11:50 EDTDLTRDollar Tree-Family Dollar synergies not reflected in shares yet, says Cantor
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09:57 EDTDLTRDollar Tree heads for prior week low
Shares were last at $70 following earnings, down over 8%. At that price next support is the prior week low at $69.63 and then at $68.47. Resistance is at $71.31.
09:37 EDTDLTRDollar Tree says forecast for 2H 'has not materially changed'
Says May was the strongest month for SSS for Q2. Says planning 400 new stores, 75 relocations in fiscal year. Says continues to execute strategy to improve productivity of existing stores. Sees FY CapEx $600M-$615M, focused on new stores and remodels, rebanner of select Family Dollar stores to Dollar Tree stores. Says forecast for back half of year has not materially changed from original expectations, but not providing EPS guidance for Q3 or FY. Says "enthusiastic" about initial integration of Family Dollar. Comments made on the Q2 earnings conference call. Dollar Tree is down 5.8% to $71.83 in early trading.
09:25 EDTDLTROn The Fly: Pre-market Movers
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07:58 EDTDLTRDollar Tree says combined company doesn't plan to pay dividend
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07:43 EDTDLTRDollar Tree reports Q2 adjusted EPS 67c, consensus 62c
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07:40 EDTDLTRDollar Tree reaffirms $300M synergies view by end of 3rd year from Family Dollar
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07:38 EDTDLTRDollar Tree sees FY15 revenue $15.3B-$15.52B, consensus $15.57B
Figure based on a low single-digit increase in same-store sales.
07:37 EDTDLTRDollar Tree sees Q3 revenue $4.78B-$4.87B, consensus $4.91B
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August 31, 2015
15:05 EDTDLTRNotable companies reporting before tomorrow's open
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06:55 EDTDLTRDollar Tree volatility elevated into Q2 and outlook
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August 25, 2015
07:38 EDTDLTRDollar Tree, Dollar General weakness a buying opportunity, says UBS
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