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Stock Market & Financial Investment News

News Breaks
May 21, 2012
12:21 EDTRGR, RENN, AEO, ETN, CBE, DVA, CPB, KKD, LOW, YHOO, FBOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, rebounding a bit from last week's dismal performance, which was the worst this year for U.S. equity markets. Near noon the market was off of its best levels and had been drifting in a narrow range since mid-morning. The market move is due more to a bounce from an oversold condition than from any data reported in either Europe or the U.S. There was little on the U.S. economic calendar, with the exception of the Chicago Fed National Activity Index, which went largely unnoticed when reported during the pre-market trading session... ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index rebounded a bit to a reading of +0.11 for the month of April, up from -0.29 a month ago. In Europe, stocks gained in spite of little in the way of concrete plans for the region coming out of the weekend's meeting of the G-8 leaders... COMPANY NEWS: Facebook (FB) shares fell below their $38 issue price in premarket trading and continued to slide as much as 13.7% before stabilizing near $33. Near noon, shares were down $4.49, or 11.59%, to $33.74... Yahoo! (YHOO) reached a deal for a plan to sell out of its 40% stake in Alibaba, including an initial sale of 20% of Alibaba back to the company for $7.1B. Yahoo! said it intends to return substantially all of the after-tax cash proceeds to shareholders from the deal and did not finalize the form of the return of capital but did increase its share buyback authorization by $5B. However, Yahoo shares only moved up about 0.3% on the news... Shares of Lowes (LOW) slid almost 10% in spite of sales and profits that beat estimates, as the company's yearly earnings guidance came in below consensus. Among other companies reporting earnings, Krispy Kreme (KKD) advanced while Campbell Soup (CPB) declined... DaVita (DVA) agreed to purchase HealthCare Partners for $4.42B, which investors applauded by driving shares up more than 4%... MAJOR MOVERS: Among the notable gainers were Cooper Industries (CBE), up nearly 27%, after agreeing to be acquired by Eaton Corporation (ETN) in a cash and stock deal valued at $72.00 per share, representing a premium of 29% to Cooper's closing price on Friday, and American Eagle (AEO), up more than 10%, following an upgrade to Buy at Brean Murray ahead of Wednesday's earnings report and after the company announced it plans to eliminate children's brand 77kids and its CFO stepped down. Noteworthy losers included Renren (RENN), down almost 3%, as it was dragged down in concert with the steep decline seen in Facebook, and Sturm, Ruger (RGR), down about 6%, after being initiated with a Sell rating at Off Wall Street Research... INDICES: Near noon, the Dow was up 96.57, or 0.78%, to 12,465.95; the Nasdaq was up 44.42, or 1.60%, to 2,823.21; and the S&P 500 was up 14.44, or 1.11%, to 1,309.66.
News For FB;YHOO;LOW;KKD;CPB;DVA;CBE;ETN;AEO;RENN;RGR From The Last 14 Days
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September 7, 2014
14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
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September 5, 2014
16:01 EDTYHOOOptions Update; September 5, 2014
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12:19 EDTAEOGap falls after reporting August same-store sales decline
Shares of apparel retailer Gap (GPS) are falling after the company reported disappointing August same-store sales results and Buckingham analysts downgraded the company's stock. WHAT'S NEW: Gap reported last night that its August comparable sales declined 2%, compared to a 2% increase a year ago in the same month. Gap Global SSS fell 9%, Banana Republic Global SSS fell 2% and Old Navy Global SSS rose 2%. Gap also reported its August net sales were flat compared to last year's $1.23B. WHAT'S NOTABLE: Looking ahead, the company said Gap's August sales performance will likely put pressure on the brand's gross margins in September. ANALYST REACTION: Gap was downgraded to Neutral from Buy at Buckingham this morning following the August comparable sales numbers. Buckingham analysts say they question the previously anticipated 2H14 comp recovery at the core brand and do not see upside to the stock if the flagship brand does not turn positive in the second half. Buckingham expects the stock's multiple to contract back to its historical average until sales improve. The firm still expects full-year 2014 guidance to be achievable as Gap manages expenses and it continues to like operational improvements the company is making in its supply chain and omni-channel initiatives. Until sales improve, Buckingham expects shares to remain range bound near $44 to $46. UBS analysts, on the other hand, say Gap's share weakness presents a buying opportunity. The firm said the miss does not derail the company's ability to show improvement over the second half and does not impact their long-term thesis tied to margin improvement opportunities. PRICE ACTION: Near noon, Gap fell $2.20, or about 5%, to $44.39. OTHERS TO WATCH: Competitors to Gap include American Apparel (APP), American Eagle (AEO), Urban Outfitters (URBN), Express (EXPR), and Abercrombie and Fitch (ANF).
11:51 EDTFBStocks with call strike movement; VALE FB
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11:43 EDTAEOZumiez sinks as company provides 'disappointing' Q3 outlook
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10:17 EDTKKDKrispy Kreme September volatility elevated into Q2 and guidance
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10:05 EDTETNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Actavis (ACT) initiated with a Buy at ISI Group... Akamai (AKAM) initiated with a Buy at UBS... Alexion (ALXN) initiated with a Buy at SunTrust... Allegion (ALLE) initiated with a Buy at Buckingham... Allergan (AGN) initiated with a Buy at ISI Group... Aviat Networks (AVNW) initiated with a Neutral at H.C. Wainwright... Celgene (CELG) initiated with a Buy at SunTrust... EZCORP (EZPW) initiated with a Hold at Jefferies... Eaton (ETN) initiated with a Neutral at Buckingham... Emerson (EMR) initiated with a Neutral at Buckingham... HMS Holdings (HMSY) initiated with an Overweight at Stephens... Incyte (INCY) initiated with a Buy at SunTrust... Ingersoll-Rand (IR) initiated with a Neutral at Buckingham... Insmed (INSM) initiated with an Outperform at Cowen... Intercept (ICPT) initiated with an Outperform at Cowen... Johnson & Johnson (JNJ) initiated with an Outperform at BMO Capital... Lennox (LII) initiated with a Neutral at Buckingham... Mylan (MYL) initiated with a Hold at ISI Group... Orion Engineered Carbons (OEC) initiated with a Buy at Goldman... Parker-Hannifin (PH) initiated with a Buy at Buckingham... Pentair (PNR) initiated with a Neutral at Buckingham... Pharmacyclics (PCYC) initiated with a Neutral at SunTrust... Rockwell Automation (ROK) initiated with a Neutral at Buckingham... Sabre (SABR) initiated with an Outperform at Oppenheimer... Santander Consumer (SC) initiated with a Buy at Jefferies... Springleaf (LEAF) initiated with a Buy at Jefferies... Susser Petroleum (SUSP) initiated with a Neutral at Credit Suisse... Teva (TEVA) initiated with a Buy at ISI Group... Valeant (VRX) initiated with a Buy at ISI Group... WESCO (WCC) initiated with a Neutral at Buckingham... Watsco (WSO) initiated with a Neutral at Buckingham... Weyerhaeuser (WY) initiated with a Neutral at JPMorgan... World Acceptance (WRLD) initiated with a Hold at Jefferies.
09:35 EDTFB, YHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
07:32 EDTCPBCampbell Soup September volatility up into Q4 and guidance
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07:06 EDTFBFacebook rolls out three-step privacy check up to all users, WSJ reports
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06:01 EDTYHOOStocks with implied volatility top IV index mean; AMD YHOO
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September 4, 2014
18:10 EDTETNEaton initiated with a Neutral at Buckingham
Target $75.
11:35 EDTYHOOStocks with call strike movement; CLF YHOO
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06:10 EDTYHOOGoldman overseeing early share trading in Alibaba IPO, Reuters says
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06:08 EDTYHOOStocks with implied volatility top IV index mean; CHL YHOO
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September 3, 2014
13:52 EDTFBSamsung collaborates with Oculus to introduce the Gear VR
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11:40 EDTYHOOYahoo volatility elevated into Alibaba offering
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10:28 EDTYHOOYahoo CFO: We have a high bar when it comes to acquisitions
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09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
05:55 EDTYHOOStocks with implied volatility above IV index mean; AMD YHOO
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