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Stock Market & Financial Investment News

News Breaks
July 16, 2014
15:27 EDTLVS, URI, SNDK, KMI, EBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 68c; SanDisk (SNDK), consensus $1.39; Las Vegas Sands (LVS), consensus 90c; Kinder Morgan (KMI), consensus 29c; United Rentals (URI), consensus $1.46.
News For EBAY;SNDK;LVS;KMI;URI From The Last 14 Days
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January 27, 2016
14:31 EDTLVSLas Vegas Sands January weekly 42 straddle priced for 4.7% movement into Q4
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14:25 EDTLVSEarnings Watch: Analyst sees 'no surprises' in Las Vegas Sands report
Las Vegas Sands (LVS) is expected to report fourth quarter earnings after the close on Wednesday, January 27, with a conference call scheduled for 4:30 pm ET. Las Vegas Sands is a resort developer with principal operations in Macao, Singapore, and the U.S. EXPECTATIONS: Analysts are looking for earnings per share of 65c on revenue of $2.92B. The consensus EPS range is 61c-72c, while revenue expectations range from $2.84B-$3.02B, according to First Call. LAST QUARTER: On October 21, Sands reported third quarter adjusted earnings per share of 66c versus expectations for 64c, and Q3 revenue of $2.89B against a consensus estimate of $2.97B. Additionally, Las Vegas Sands reported Q3 adjusted property EBITDA of $1.05B, and Q3 Macao adjusted property EBITDA of $536.8M. CEO Sheldon Adelson said at the time, "While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of $1B of adjusted property EBITDA during the quarter and weather this cyclical downturn better than the industry overall. We remain sharply focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model." STREET RESEARCH: Following the Q3 earnings report, on October 27, Las Vegas Sands was initiated with a Buy at Gabelli with a $60 price target. On the same day, the company was downgraded to Equal Weight from Overweight at Barclays with its price target lowered to $45 from $55. Barclays analyst Felicia R. Hendrix said she believed the 2016 gross gaming revenue growth for Macau would be negative given continued VIP and premium mass revenue declines and slower than expected growth in the mass segment. On January 25, Deutsche Bank analyst Carlo Santarelli said in his Q4 preview of Las Vegas Sands that he sees "no major surprises" in the report, adding, "while we believe Q4 earnings are more than likely a supportive to modestly positive catalyst for shares, we expect medium to longer term trading to be largely Macau market sentiment driven." Santarelli has a Hold rating and a $42 price target on Las Vegas Sands shares. PRICE ACTION: Over the last three months, Las Vegas Sands shares have fallen about 12%. In afternoon trading ahead of Wednesday's earnings report, shares are higher by more than 2.5% to $41.95.
12:29 EDTEBAYEarnings Watch: eBay to report Q4 earnings following 2015 holiday season
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11:13 EDTSNDKCiti mixed on hard disk drive makers, says sell Seagate, buy Western Digital
Citi initiated coverage of hard disk drive, or HDD, maker Western Digital (WDC) with a Buy rating, as the firm is relatively bullish on the company's acquisition of flash memory developer SanDisk (SNDK). Conversely, Citi started coverage of the other major hard disk drive maker, Seagate (STX), with a Sell rating, saying that actions it has taken to cope with the decline of the sector "may only help so much." Stating that the sector has begun a decline that should last for quite some time, the firm believes that Western Digital's actions to cope with this situation are more effective than those taken by its competitor. WHAT'S NEW: Western Digital's pending acquisition of SanDisk makes the company more stable, and will raise its margins and profits, according to Citi analyst Stanley Kovler. The deal will increase Western Digital's earnings per share by a greater amount than if the company had continued its shares buybacks, the analyst added. Conversely, Seagate is trying to lower its costs and improve its products and execution, Kovler noted. The company also entered the solid state drive market, he stated. Given Seagate's limited exposure to markets other than HDD and the "malaise" in that market, the company may seek to make a "potentially transformative" acquisition, the analyst stated. But in light of its "limited financial flexibility," such a deal could limit its ability to return cash to shareholders, Kovler warned. Moreover, any acquisition made by the company may not be large enough to "fully transform" Seagate, according to Kovler, who set a $53 price target on Western Digital and a $23 price target on Seagate. PRICE ACTION: In late morning trading, Western Digital fell 1% to $44.83 and Seagate lost 1.6% to $27.29.
10:36 EDTSNDKOptions with increasing implied volatility: SNDK GMCR
10:23 EDTKMIOptions with decreasing implied volatility
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08:10 EDTKMIKinder Morgan to host analyst day
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07:49 EDTEBAYEBay volatility elevated into Q4 and outlook
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06:41 EDTSNDKSeagate initiated with a Sell at Citi
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06:38 EDTSNDKWestern Digital initiated with a Buy at Citi
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06:37 EDTSNDKSanDisk initiated with a Buy at Citi
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January 26, 2016
16:33 EDTKMIKinder Morgan says no need to access capital markets in 2016
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16:33 EDTKMIKinder Morgan announces term loan and revolver expansion
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15:59 EDTSNDKUnisplendour has financing for Western Digital-SanDisk deal, dealReporter says
13:50 EDTLVSLas Vegas Sands technical notes ahead of earnings
The shares have been in a steady downtrend since the trend began in March 2013. At the current price of $40, the stock would need to take out the $45 area on the upside to break the current downtrend. This would be a technical positive and bullish for future price. Next resistance would be at $47.42. If the news continues to be bearish, the downtrend is likely to extend. First support below $40 is at $38.32. Thereafter support is at $36.77 and the 52-week low at $34.88.
11:42 EDTSNDKOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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10:52 EDTSNDKStocks with call strike movement; SNDK FB
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10:32 EDTSNDKOptions with increasing implied volatility: CLDX SNDK GMCR RAD
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09:57 EDTLVSJanuary weekly straddle priced for % movement.
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09:30 EDTSNDKWestern Digital, SanDisk deal should go through, Summit Research says
Summit Research analyst Srini Sundararajan said he thinks that the Unisplendour investment in Western Digital (WDC) is more than likely to be stalled, if not blocked, given the current political climate, but he also believes Western Digital planned for this contingency and that its deal with SanDisk (SNDK) should still go through. Additionally, Sundararajan said he believes CFIUS stepping in to block Philips' (PHG) sale of its Lumileds LED and automotive lighting unit to GO Scale Capital is a positive development for Cree (CREE), which should be pleased that a "flood the market" Chinese competitor has not been given the green light.
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