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Stock Market & Financial Investment News

News Breaks
July 3, 2014
10:42 EDTFBHS, THRX, LAMR, PETM, CBSO, TSM, LITB, SONS, WY, WLPHigh option volume stocks
High option volume stocks: FBHS WY SONS LITB TSM CBSO PETM LAMR THRX WLP
News For FBHS;WY;SONS;LITB;TSM;CBSO;PETM;LAMR;THRX;WLP From The Last 14 Days
Check below for free stories on FBHS;WY;SONS;LITB;TSM;CBSO;PETM;LAMR;THRX;WLP the last two weeks.
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September 2, 2014
11:17 EDTLAMROptions with increasing implied volatility
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August 26, 2014
18:37 EDTWYWeyerhaeuser announces plans to move headquarters to Seattle
Weyerhaeuser announced it will move its headquarters from Federal Way, Wash., to 200 Occidental Avenue in Seattle, Wash. The move will occur in mid to late 2016 when construction of the new building is complete. "There are two main drivers for this decision, which we made after thorough analysis of various options for the location of our headquarters," said Doyle R. Simons, president and CEO. "First, our 430-acre campus in Federal Way is costly and too large for our needs. Second, moving our headquarters to Seattle will give us access to a larger talent pool to meet future recruiting needs, not just in this region, but from across the country." The company will divest the land and buildings it owns in Federal Way, Wash.
August 25, 2014
08:16 EDTFBHSFortune Brands may be flexible as M&A heats up, says RW Baird
Baird said Fortune Brands has used its cash for stock buybacks and M&A and as the environment heats up shareholders may see more acquisitions to come. The firm likes the stock, citing its balance sheet and high quality exposure to the housing recovery and keeps an Outperform rating with a $46 price target on the shares.
06:28 EDTTSMTSMC slated to commence 16nm volume production in 1Q15, DigiTimes reports
TSMC (TSM) is expected to start volume production of its 16nm process in 1Q15, DigiTimes reports, citing the Chinese-language Economic Daily News. The company sees monthly output of 50,000 wafers to meet demand for Apple's (AAPL) A9 processors, the report says. Reference Link
August 22, 2014
16:42 EDTPETMMarket finishes week higher on economic data, earnings
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13:13 EDTCBSOCBS Outdoor downgraded to Market Perform at Barrington
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13:04 EDTCBSOCBS Outdoor downgraded to Market Perform from Outperform at Barrington
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August 21, 2014
10:11 EDTTSMTaiwan expects to sell 177M shares of TSMC, Reuters reports
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09:27 EDTPETMPetSmart LBO upside would be modest, says RBC Capital
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August 20, 2014
13:24 EDTPETMAnalyst outlooks on PetSmart mixed after flood of news
Analysts had mixed outlooks on PetSmart (PETM) after the retailer announced last night higher than expected second quarter profits, the acquisition of pet e-commerce website Pet360 and that it would explore strategic alternatives, including a possible sale of the company. PetSmart also reiterated its prior full-year profit guidance. WHAT'S NEW: In a note to investors today, Morgan Stanley analyst Simeon Gutman wrote that there is no obvious way for PetSmart to create value for shareholders, as a leveraged buyout of the company is "mathematically feasible," while a merger with its main competitor, Petco, could encounter regulatory hurdles. Moreover, PetSmart's comp sales fell 0.5% last quarter, and its margins and cash flow are unlikely to rise going forward, Gutman stated. He kept an Equal Weight rating on the shares. More upbeat was Stifel analyst David Schick, who wrote that PetSmart's news was positive overall. The acquisition of Pet360 will significantly enhance PetSmart's e-commerce offerings, as Pet360 has a cleaner interface than PetSmart's current website, according to Schick. Moreover, Pet360, unlike PetSmart's website, offers discounts to customers who have food automatically shipped to them, and comScore data indicates that Pet360's visitor totals are growing significantly, Schick stated. PetSmart's decision to explore strategic alternatives is also positive, as the analyst continues to believe that going private or merging with private company Petco would make sense for PetSmart. But the analyst thinks that the company's earnings beat in Q2 was mainly driven by cost cutting, while its decision to maintain its full-year guidance suggests that it sees challenges ahead. Schick kept a Hold rating on the shares. PRICE ACTION: In mid-afternoon trading, PetSmart was little changed at $70.
10:28 EDTPETMPetSmart confident in delivering double-digit sales growth in next 3-5 years
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09:07 EDTPETMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:42 EDTPETMPetSmart LBO feasible but screens unattractive, says Morgan Stanley
Morgan Stanley said an LBO of PetSmart is possible but screens unattractive and notes its difficult to forecast margin and cash flow upside. The firm says a merger with Petco has the greatest upside but also would face regulatory hurdles. Shares are Equal Weight rated.
08:35 EDTCBSOCBS Outdoor meets regulatory approval closing condition for Van acquisition
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08:08 EDTFBHSFortune Brands announces agreement to sell Simonton Windows for $130M
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07:34 EDTPETMPetSmart news positive overall, says Stifel
After PetSmart announced higher than expected EPS, said that it would acquire the website Pet 360 and said it would pursue strategic alternatives, Stifel is upbeat on the Pet360 deal. The firm thinks the acquisition was a meaningful step by PetSmart to improve its lagging ecommerce offerings. But the firm thinks the company's EPS beat was mainly driven by cost cutting and it views the retailer's guidance negatively. Stifel keeps a Hold rating on the shares.
06:11 EDTLITBLightInTheBox sees Q3 revenue $92M-$94M, consensus $84.95M
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06:11 EDTLITBLightInTheBox reports Q2 EPS (11c), consensus (11c)
Reports Q2 revenue $89.8M, consensus $84.8M.

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