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Stock Market & Financial Investment News

News Breaks
November 28, 2012
12:19 EDTEXPR, TFM, KCG, GMCR, COST, BP, GES, ARO, ANN, AEO, JOSBOn The Fly: Midday Wrap
Stocks on Wall Street were lower for much of the morning before recovering significantly near midday. Just as a late day sell-off yesterday was prompted by some cautious fiscal cliff commentary from a notable politician, today's turn-around was sparked by optimism from one. In today's case, the averages turned following comments from House Speaker John Boehner, who said he's "optimistic" a deal with Obama can be reached and that he is willing to put revenues on the table if accompanied by spending cuts... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales, cutting its estimate for sales in September by 20,000 to a 369,000-unit rate. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up. In Europe, Spainís bank restructuring was approved, paving the way for euro zone aid to be disbursed... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the oil major can demonstrate it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP fell about 0.7% near noon... Several apparel retailers reported better than expected results and saw their shares advance, including Express (EXPR), American Eagle Outfitters (AEO) and Ann Inc. (ANN). This may or may not bode well for some of their peers expected to report after the bell, including Aeropostale (ARO) and Guess (GES)... Costco (COST) shares rose over 4% after reporting its November same store sales rose 6% and declaring a $7 per share special dividend... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which soared 24% after its better than expected earnings and guidance set off a wave of price target increases around the Street. Also higher were shares of Knight Capital (KCG), which rose 14% to $3.39 after shareholder Getco proposed a complex takeover bid that values shares at $3.50 apiece but involves a cash component and a share dispersal following a merger. Among the noteworthy losers was The Fresh Market (TFM), down 14% after its CFO unexpectedly resigned to take another position and its shares were downgraded at Deutsche Bank and Northcoast. Also lower were shares of Jos. A Bank (JOSB), down 7% after it was unable to participate in the rally among clothing retailers as its revenue beat consensus but its earnings fell short... INDICES: Near noon, the Dow was up 16.36, or 0.13%, to 12,894.49; the Nasdaq was down 2.31, or 0.08%, to 2,965.48; and the S&P 500 was down 0.88, or 0.06%, to 1,398.06.
News For EXPR;AEO;ANN;ARO;GES;BP;COST;GMCR;KCG;TFM;JOSB From The Last 14 Days
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July 18, 2014
09:18 EDTEXPRFBR Capital 'skeptical' of Sycamore interest in Fred's
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06:45 EDTKCGDocument reveals SEC examining firms in HFT probe, Reuters says
An internal document from the U.S. Securities and Exchange Commission revealed that the regulator has been looking for data on 10 registered broker dealers as part of an ongoing probe into high-frequency trading strategies, according to Reuters, citing the document. The firms in question include Allston Trading, Hudson River Trading, Jump Trading, Latour Trading, which is an affiliate of Tower Trading, Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America (BAC), Octeg, which has been merged into a unit of KCG (KCG), Tradebot Systems, Two Sigma Investments, Two Sigma Securities and Virtu Financial. Reference Link
06:33 EDTBPChinese helping Russia blunt sanctions' impact, NY Times says
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July 17, 2014
10:00 EDTTFMOn The Fly: Analyst Initiation Summary
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07:22 EDTTFMThe Fresh Market initiated with an Underperform at Credit Suisse
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July 16, 2014
13:18 EDTBPBP aims to invest $10B in Egypt gas project, Daily News Egypt says
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06:27 EDTBPBP retirement-plan case reintroduced by U.S. court, Reuters says
The 5th U.S. Circuit Court of Appeals in New Orleans brought back a case in which participants in four BP worker retirement savings plans alleged they were tricked into purchasing and holding BP stock before and after the 2010 Deepwater Horizon disaster, according to Reuters, citing comments from BP spokesman Geoff Morrell. Reference Link
July 15, 2014
10:00 EDTTFMOn The Fly: Analyst Upgrade Summary
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09:33 EDTTFMThe Fresh Market upgraded to Buy from Neutral at Northcoast
07:46 EDTBPJacobs receives project services contract from BP
Jacobs (JEC) announced that it was awarded a contract with BP (BP) to provide engineering, design and procurement services for the Coker Heater Replacement Project at its Cherry Point Refinery in Blaine, Washington. Company officials did not disclose the contract value.
07:38 EDTKCGKCG Holdings reports June average daily market making volume of $23.5B
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July 10, 2014
11:18 EDTAEO, AROZumiez rallies after raising second quarter outlook
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10:24 EDTANNAnn Inc. management to meet with FBR Capital
Meeting to be held in New York on July 16 hosted by FBR Capital.
06:28 EDTCOSTOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
05:32 EDTCOSTCostco reports June SSS up 6%
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July 9, 2014
10:02 EDTBPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
09:13 EDTBPOn The Fly: Pre-market Movers
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07:45 EDTCOSTCostco selling Apple products again, says Jefferies
Jefferies says that starting in late June, Costco (COST) began selling Apple (AAPL) products in stores and online again, after not carrying the brand since 2010. The firm thinks the move will help Costco's weaker performing Consumer Electronics category. Jefferies expects Costco to report a June comp store sales increase of 5%-6% and keeps a Hold rating on the stock.
07:05 EDTGMCRKeurig now exclusive manufacture of Harris Teeter K-Cup packs
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05:27 EDTBPBP downgraded to Hold from Buy at Deutsche Bank
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