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Stock Market & Financial Investment News

News Breaks
May 6, 2014
04:55 EDTFAST, FAST, FAST, JEC, JEC, JEC, DFT, DFT, DFT, SQNS, SQNS, SQNS, CHRW, CHRW, CHRW, WWW, WWW, WWW, VCRA, VCRA, VCRABaird to hold a conference
Growth Stock Conference is being held in Chicago on May 6-8.
News For FAST;JEC;DFT;SQNS;CHRW;WWW;VCRA From The Last 14 Days
Check below for free stories on FAST;JEC;DFT;SQNS;CHRW;WWW;VCRA the last two weeks.
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July 15, 2014
10:37 EDTFASTOptions with decreasing implied volatility
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10:28 EDTWWWHigh option volume stocks
High option volume stocks: TRGT ALB UUP ADHD ROC WWW CTRL KERX IMGN NI
09:21 EDTWWWOn The Fly: Pre-market Movers
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07:46 EDTJECJacobs 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.
07:46 EDTJECJacobs Engineering receives contract from Brighton i360
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06:37 EDTWWWWolverine World Wide announces strategic realignment plan
In a move designed to accelerate growth and improve overall profitability, the company announced a Strategic Realignment Plan that includes store closures primarily within the Stride Rite fleet and several other initiatives. The realignment of the consumer-direct business is intended to optimize the fleet of retail locations, right-size the supporting infrastructure, address a fundamental shift in consumer shopping behavior and allow for greater focus on important omni-channel initiatives. Key components of the plan include: Closing approximately 140 retail locations primarily Stride Rite stores over the next 18 months. Of these, the company expects that approximately 60 stores will close by FY end, with the balance closed by the end of 2015; Consolidating certain consumer-direct functions, specifically store operations and field support teams, intended to allow for a more effective and efficient management of the retail fleet; and Implementing organizational and infrastructure changes to realize further synergies. The company estimates pretax charges related to the plan in the range of $30M-$37M, and expects to record these charges between now and the end of FY15 as it executes each component. Approximately $13M-$15M of this estimate represents non-cash charges, primarily asset write-offs related to closed retail locations and restructuring charges related to the remaining retail store fleet and international operations. Of this non-cash amount, $3.4M was recorded in Q2. Once the plan is fully implemented, the company expects annual pretax benefits of approximately $11M and intends to redeploy a meaningful portion of these benefits to further build out consumer-direct omni-channel capabilities and accelerate growth in its wholesale operations.
06:34 EDTWWWWolverine World Wide backs FY 14 adjusted EPS view of $1.57-$1.63
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06:33 EDTWWWWolverine World Wide reports Q2 adjusted EPS 31c, consensus 27c
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July 14, 2014
15:24 EDTWWWNotable companies reporting before tomorrow's open
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11:38 EDTWWWWolverine World Wide July volatility increases into Q2
Wolverine World Wide July call option implied volatility is at 84, August is at 39, December is at 31; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on July 15.
10:23 EDTWWWWolverine World Wide technical comments ahead of results
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10:00 EDTFASTOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
July 11, 2014
16:22 EDTFASTOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
11:15 EDTFASTFastenal tumbles after reporting earnings, announcing store closures
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10:42 EDTFASTFastenal hopes to structurally improve gross margins
Says there is "plenty of room" for the company to improve gross margins over time.
10:16 EDTFASTFastenal to close 45 stores in 2H14
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09:09 EDTFASTOn The Fly: Pre-market Movers
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08:48 EDTFASTFastenal slips after results, levels to watch
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06:54 EDTFASTFastenal reports Q2 EPS 44c, consensus 44c
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06:30 EDTWWWWolverine World Wide FY14 revenue outlook too optimistic, says Piper Jaffray
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