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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:55 EDTDUK, DUK, DUK, HON, HON, HON, LOW, LOW, LOW, ITRI, ITRI, ITRI, QCOM, QCOM, QCOM, SLAB, SLAB, SLAB, S, S, S, NTGR, NTGR, NTGRParks Associates to host a summit
Smart Energy Summit: Engaging the Consumer is being held in San Antonio, Texas on February 25-27.
News For DUK;HON;LOW;ITRI;QCOM;SLAB;S;NTGR From The Last 14 Days
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September 26, 2014
09:36 EDTDUKDuke Energy management to meet with JPMorgan
Meetings to be held in Boston on September -October 1 hosted by JPMorgan.
08:44 EDTQCOMQualcomm could have negative read through from Intel move, says Northland
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06:45 EDTSLABSilicon Laboratories' long-term bet on loT on track, says Barclays
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05:50 EDTSStocks with implied volatility movement; TMUS S
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September 24, 2014
08:29 EDTLOWLowe's management to meet with Deutsche Bank
Meeting to be held in Los Angeles on September 24 hosted by Deutsche Bank.
September 23, 2014
11:33 EDTQCOMAnalysis shows Apple spends $200-$247 to build iPhone 6s, Re/code says
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09:13 EDTDUKHelioSage Energy sells 40MW solar PV project to Duke Energy First Solar
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08:56 EDTLOWLowe's management to meet with Deutsche Bank
Meetings to be held in San Mateo/San Francisco/Los Angeles on September 23 hosted by Deutsche Bank.
08:11 EDTQCOMRuckus Wireless hires Qualcomm's Rabinovitsj as COO
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08:09 EDTDUKDuke-American, Dresser-Rand propose $8B energy initiative
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September 22, 2014
09:54 EDTLOWLowe's management to meet with Deutsche Bank
Meeting to be held in San Francisco on September 22 hosted by Deutsche Bank.
09:06 EDTDUKDuke Energy plans to construct and own solar facilities up to 128MW of capacity
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08:46 EDTITRIItron, i2O Water announce new partnership
Itron announced a new alliance with i2O Water. The collaboration will expand Itronís water portfolio and round out its non-revenue water offering. Itron has signed a five-year agreement to distribute i2Oís Smart Pressure Management products.
September 19, 2014
18:20 EDTLOWLowe's CEO Niblock sells nearly $28M of company stock near record high
In regulatory filings, it was disclosed that Lowe's CEO Robert A. Niblock sold nearly $28M worth of company stock from September 9-11. Lowe's stock has been climbing steadily over the past three months, and it made both a 52-week and record high of $54.81 on Friday, September 19.
09:19 EDTQCOMOn The Fly: Pre-market Movers
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08:11 EDTQCOMTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTQCOMInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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07:36 EDTSSprint price target cut to $8-$10 from $11-$11.75 at Wells Fargo
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September 18, 2014
10:40 EDTLOWPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
07:26 EDTQCOMGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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