New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on EXPR;AEO;ANN;ARO;GES;BP;COST;GMCR;KCG;TFM;JOSB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 7, 2014
08:16 EDTAEOAmerican Eagle downgraded at Cowen
Subscribe for More Information
07:38 EDTGESGuess risk/reward remains compelling, says Brean Capital
Subscribe for More Information
07:12 EDTANNAnn Inc. downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Ann to Perform from Outperform. The firm downgraded the stock based on valuation, lack of catalysts, and challenging comps after Q1. Target $40.
06:59 EDTANNAnn Inc.price target raised to $48 from $40 at UBS
Subscribe for More Information
06:58 EDTKCGDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link
06:34 EDTAEOAmerican Eagle downgraded to Underperform from Market Perform at Cowen
Subscribe for More Information
06:29 EDTANNAnn Inc. downgraded to Perform from Outperform at Oppenheimer
Subscribe for More Information
April 4, 2014
10:17 EDTGMCRCoke investment in Keurig cuts short interest but also M&A talk, Bloomberg says
Subscribe for More Information
10:02 EDTANNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
10:00 EDTKCGKCG Holdings falls 6.7%
Subscribe for More Information
07:07 EDTKCGKCG announces CEO Coleman made $10.4M in 2013, Reuters says
Subscribe for More Information
06:38 EDTANNAnn Inc. upgraded at Macquarie
Subscribe for More Information
06:24 EDTANNAnn Inc. upgraded to Outperform from Neutral at Macquarie
Subscribe for More Information
05:49 EDTGMCRStocks with implied volatility movement; GMCR AMAT
Stocks with implied volatility movement; Keurig Green Mountain (GMCR) 47, Applied Materials (AMAT) 33 according to iVolatility.
April 3, 2014
17:51 EDTAROAeropostale files form to delay 10-K
Subscribe for More Information
10:00 EDTBPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:43 EDTBPBP initiated with a Market Perform at BMO Capital
April 2, 2014
16:11 EDTBPBP initiated with a Market Perform at Cowen
Target $52.
08:14 EDTJOSBJos. A. Bank reports Q4 adjusted EPS $1.07, consensus $1.07
Subscribe for More Information
06:24 EDTBPBP says Bulwer Island refinery processing to halt in 2015
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use