New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:47 EDTBRCM, NLY, TSN, EXPR, LNCO, WFM, EBIXOptions with increasing implied volatility
Options with increasing implied volatility: EBIX EXPR NLY WFM TSN BRCM LNCO HYG
News For EBIX;EXPR;NLY;WFM;TSN;BRCM;LNCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 23, 2015
10:51 EDTBRCMOptions with increasing implied volatility: TERP BRCM CHK RAD POM
09:23 EDTTSNTyson Foods raises quarterly dividend to 15c
On November 19, 2015, the board increased the quarterly dividend previously declared on July 30, 2015, to 15c per share on our Class A common stock and 13.5c per share on our Class B common stock. The increased quarterly dividend is payable on December 15, 2015, to shareholders of record at the close of business on December 1, 2015.
09:21 EDTTSNTyson Foods sees FY16 CapEx $900M, effective tax rate 35%
Subscribe for More Information
09:21 EDTTSNTyson Foods says beef unit affected by live cattle drop at Q4-end
The company said it will buy up to 10% of chicken to process on open market. Comments taken from Q4 earnings conference call.
09:18 EDTTSNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 2.4%... Mallinckrodt (MNK), up 7.4%. ALSO HIGHER: Novocure (NVCR), up 16.8% after announcing new Phase 3 data from Optune study... CTI BioPharma (CTIC), up 12.7% after the initiation of its rolling new drug application to the FDA for pacritinib... Peabody Energy (BTU), up 14.8% after announcing an asset sale... Sarepta Therapeutics (SRPT), up 5.2% following a positive mention in Barron's. DOWN AFTER EARNINGS: Trina Solar (TSL), down 5.6%. ALSO LOWER: Par Pacific (PARR), down 13.2% after pricing its 3.4M registered direct offering at $22.00... Lions Gate (LGF), down 2.9% after the "Hunger Games" finale opens below the series average.
07:37 EDTTSNTyson Foods sees FY16 revenue about $41B, consensus $41.1B
Subscribe for More Information
07:37 EDTTSNTyson Foods reports Q4 Chicken revenue $3.02B, up 10.8% y/y
Subscribe for More Information
07:35 EDTTSNTyson Foods reports Q4 adjusted EPS 83c, consensus 88c
Subscribe for More Information
November 20, 2015
10:49 EDTEXPRAbercrombie & Fitch soars after reporting upbeat Q3 earnings
Abercrombie & Fitch (ANF) shares jumped in morning trading after the company reported better than expected quarterly earnings. WHAT'S NEW: Before the market open, Abercrombie & Fitch reported third quarter adjusted earnings per share of 48c on revenue of $878.6M. The consensus was for EPS of 22c on revenue of $864.65M. The company said that the adjusted EPS figure included year-over-year adverse effects from changes in foreign currency exchange rates amounting to roughly 13c. Commenting on the earnings, executive chairman Arthur Martinez said that the company's results "exceeded" expectations and "provide the strongest validation yet" that the retailer's initiatives are working. WHAT'S NOTABLE: On its Q3 earnings conference call, Abercrombie said that it is eyeing expansion outside of the U.S., aiming to roll out multiple new capabilities in the U.K. The company added that it saw growth in China in the past quarter and plans to add mobile enhancements in China in 2016. STREET RESEARCH: A day before Abercrombie's Q3 earnings release, Susquehanna analyst Thomas Filandro said that the retailer was "well positioned" for the holiday season, though weather and international unrest may lead to a higher degree of near-term uncertainty. Filandro said that his firm sees improved holiday performance as Abercrombie shifts focus on an improved in-store experience, growing U.S. outlets, closing underperforming stores, and evolving its merchandise assortment. The analyst reiterated a Positive rating and a $26 price target on the company's stock. After the retailer reported earnings, KeyBanc analyst Edward Yruma maintained an Overweight rating on Abercrombie's shares, saying that the company's better than expected quarter was "particularly impressive" in light of the recent weakness in the retail sector. Yruma said that the company's new brand initiatives are taking hold and that greater expense control and reduced promotional activity are improving the well-being of the business. PRICE ACTION: In morning trading, Abercrombie & Fitch rallied over 18% to $23.00. OTHERS TO WATCH: American Eagle Outfitters (AEO) was up just under 3%, Aeropostale (ARO) gained 0.75%, Tilly's (TLYS) rallied 3.4%, Urban Outfitters (URBN) jumped more than 4%, Buckle (BKE) was up just under 1%, and Express (EXPR) fell fractionally in morning trading.
10:00 EDTEXPROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded to Hold from Buy at Jefferies... Akamai (AKAM) downgraded to Sell from Neutral at Goldman... American Woodmark (AMWD) downgraded to Neutral at Baird... Autodesk (ADSK) downgraded to Sector Perform from Outperform at RBC Capital... Barclays (BCS) downgraded to Equal Weight from Overweight at Morgan Stanley... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Cantor... CIBC (CM) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Canon (CAJ) downgraded to Neutral from Outperform at Macquarie... Chart Industries (GTLS) downgraded to Neutral from Overweight at Piper Jaffray... Cloud Peak (CLD) downgraded to Sell from Buy at UBS... Cnova (CNV) downgraded to Neutral from Overweight at JPMorgan... Diana Containerships (DCIX) downgraded to Underperform at Wells Fargo... Diana Shipping (DSX) downgraded to Market Perform from Outperform at Wells Fargo... Eagle Materials (EXP) downgraded to Neutral from Buy at Goldman... El Paso Electric (EE) downgraded to Underperform from Hold at Jefferies... Express (EXPR) downgraded to Sell from Neutral at Goldman... Fidelity & Guaranty Life (FGL) downgraded to Sector Perform from Outperform at RBC Capital... Grifols (GRFS) downgraded to Hold from Buy at Berenberg... Hanmi Financial (HAFC) downgraded to Neutral from Overweight at Piper Jaffray... Hawaiian Electric (HE) downgraded to Market Perform from Outperform at Wells Fargo... K+S (KPLUF) downgraded to Underperform from Neutral at Credit Suisse... Mentor Graphics (MENT) downgraded to Hold from Buy at Needham... Nimble Storage (NMBL) downgraded to Sector Weight from Overweight at Pacific Crest... Peabody (BTU) downgraded to Sell from Neutral at UBS... PolyOne (POL) downgraded to Neutral from Accumulate at Seaport Global... Restoration Hardware (RH) downgraded to Neutral from Buy at Goldman... Sanderson Farms (SAFM) downgraded to Neutral from Buy at Sidoti... Seaspan (SSW) downgraded to Market Perform from Outperform at Wells Fargo... SunEdison (SUNE) downgraded to Neutral from Overweight at JPMorgan... Williams-Sonoma (WSM) downgraded to Buy from Conviction Buy at Goldman... Workday (WDAY) downgraded to Neutral from Outperform at Wedbush.
07:53 EDTTSNTyson Foods volatility elevated into Q4 and outlook
Tyson Foods Trina Solar December call option implied volatility is at 35, January is at 32; compared to its 52-week range of 18 to 35, suggesting large near term price movement into the expected release of Q4 results on November 23.
November 19, 2015
18:57 EDTEXPRExpress downgraded to Sell from Neutral at Goldman
Goldman analyst Lindsay Drucker Mann downgraded Express to Sell from Neutral and lowered her price target on Express shares to $15 from $20 due to increasingly difficult year-ago comparisons and intensifying industry headwinds -- including declining mall traffic -- ahead of the holiday season.
16:06 EDTTSNTyson Foods to discontinue operations at two prepared foods plants
As part of efforts to improve the overall performance of its prepared foods business, Tyson Foods plans to discontinue operations at two plants, the company announced. The closings will enable Tyson Foods to use available production capacity at some of its other prepared foods facilities. Both the pepperoni plant in Jefferson, Wisconsin and the Chicago, Illinois, facility, which makes prepared foods for the hospitality industry, are expected to cease operations during the second half of the company's fiscal year 2016, which ends October 1, 2016. The decision will affect approximately 880 people, including about 480 at Chicago and about 400 at Jefferson. It's important to note that none of Tyson Foods' other Chicago facilities or offices are affected by this announcement. The planned closures are due to a combination of factors including changing product needs, the age of both facilities and prohibitive cost of renovations, as well as the distance of the Chicago plant from its raw material supply base. Affected workers will be encouraged to apply for openings within the company. Tyson Foods intends to work with state officials to ensure employees are informed about unemployment benefits and any potential re-training opportunities.
November 18, 2015
09:54 EDTWFMWhole Foods says 'bullish' on opportunities to build stores
Subscribe for More Information
08:14 EDTBRCMNXP Semiconductors added to Top Pick list at FBR Capital
Subscribe for More Information
November 17, 2015
12:56 EDTTSNTyson Foods issues voluntary recall of chicken wings
Subscribe for More Information
November 16, 2015
16:53 EDTBRCMPaulson reduced stake in Valeant
Paulson & Co. gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Perrigo (PRGO), CIT Group (CIT), Precision Castparts (PCP), Cameron (CAM), and Altera (ALTR). INCREASED STAKES: Teva (TEVA), Post Holdings (POST), Starwood Hotels (HOT), LivaNova (LIVN), and Synergy Pharmaceuticals (SGYP). DECREASED STAKES: Valeant (VRX), Shire (SHPG), Whiting Petroleum (WLL), Computer Sciences (CSC), and Oasis Petroleum (OAS). LIQUIDATED STAKES: Houghton Mifflin Harcourt (HMHC), Broadcom (BRCM), and Sprint (S).
11:00 EDTEBIXEbix price target raised to $47 from $40 at Craig-Hallum
Subscribe for More Information
10:25 EDTBRCMUBS trims Apple target, says iPhone partner cut production forecast
Hon Hai, which manufactures Apple's (AAPL) iPhones, expects to assemble significantly fewer iPhones this quarter than in the same period in 2014, UBS wrote in a note to investors today. WHAT'S NEW: Hon Hai Precision Industry, also known as Foxconn, is expected to assemble 10% fewer iPhones this quarter than in the same period in 2014, said UBS analyst Steven Milunovich, citing work from fellow UBS analyst Arthur Hsieh. Previously, companies that supply force touch components for iPhones saw a 10%-15% reduction in their orders, the analyst reported. These developments "are not encouraging," but Apple had previously ordered a large number of iPhones for Q4, according to Milunovich. Overall iPhone demand "could still be decent," he believes. However, the analyst lowered his iPhone sales estimate for Apple's March quarter to 61M from 62.5M, asserting that iPhone sales on China's November 11 Singles Day holiday may have come in below expectations. Based on October search volumes, he continues to believe that demand for iPhone units in the fourth quarter of the calendar year will be 75M, in-line with the consensus outlook. Milunovich trimmed his price target on Apple to $140 from $150 but kept a Buy rating on the shares. WHAT'S NOTABLE In a note to investors on November 10, Credit Suisse reported that it was cutting its estimates for 2016 iPhone sales. The firm expects sales of the device to fall 10.4% in the first quarter versus the same period in 2015, and it predicts that iPhone sales will decline 5.5% year-over-year in 2016. Suppliers with greater than 10% exposure to Apple include Avago (AVGO), SanDisk (SNDK), Analog Devices (ADI), Broadcom (BRCM), Texas Instruments (TXN), NXP Semiconductors (NXPI) and Fairchild (FCS), Credit Suisse reported. The firm said it continues to have a negative view of the smartphone sector. PRICE ACTION: In early trading, Apple added nearly 1% to $113.34.
09:24 EDTEBIXEbix confirms proposal to acquire Xchanging for 175p per share
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use