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News Breaks | | | | March 22, 2012 | | 16:23 EDT |  | PCLN, GME, FDX, SWHC, MCD, DG, X, RGR, SONC, SCVL, GOLD | On The Fly: Closing Wrap
Stocks on Wall Street were lower, as reports of contraction in manufacturing in both China and the euro zone fueled worries about global growth prospects. Stock futures indicated a lower open and the market reacted as expected after the opening bell. The averages opened in negative territory and were never able to put together any semblance of a rally. The move lower was broad based as evidenced by the market internals, which saw declining stocks heavily outpace advancers. The market generally ignored the day’s domestic economic data, including a drop in weekly jobless claims and a better than expected report on the leading economic indicators. The market has now lost ground for the third consecutive day after recently hitting fresh recovery highs... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 5K to 348K, versus the expected 350K. The leading economic indicators for February increased 0.7%, versus expectations of an increase of 0.6%. Home prices held flat on a seasonally-adjusted basis in January, versus expectations for an increase of 0.3%. In China, a "flash" purchasing managers index fell to 48.1 from 49.6 the month prior. In Europe, a composite euro zone PMI reading also fell, hitting 48.7... MARKET NEWS: FedEx (FDX) topped the list of companies reporting results this morning and saw its shares fall $3.32, or 3.46%, to $92.50 after its earnings beat expectations but its revenues and guidance disappointed. Among others reporting earnings, advancers included Shoe Carnival (SCVL) and Dollar General (DG); decliners included GameStop (GME) and Sonic (SONC)... McDonald's (MCD) CEO Jim Skinner announced his retirement, to be replaced by the company's current President and COO Donald Thompson... Priceline.com (PCLN) shares moved higher, up $8.34, or 1.19%, to $711.99, after Piper Jaffray said in a note to investors this morning that the company's shares could hit $1,000 by mid-2014 and that $50.00 of non-GAAP earnings per share in 2015 is realistic... MAJOR MOVERS: Among the notable gainers were Sturm Ruger (RGR), up $5.63, or 13.31%, to $47.93, after saying its had to temporarily stop accepting new orders after its Q1 bookings topped 1M units, and Smith & Wesson (SWHC), up 78c, or 11.30%, to $7.68, as it also appeared to benefit from Sturm Ruger's news. Noteworthy losers included Randgold Resources (GOLD), down $12.80, or 12.38%, to $90.60, after reports of a coup attempt in Mali, and US Steel (X), down $1.82, or 5.82%, to $29.47, as one of the many materials names that moved lower on the signs of weakness in China... INDICES: The Dow fell 78.48, or 0.60%, to 13,046.14; the Nasdaq lost 12.00, or 0.39%, to 3,063.32; and the S&P 500 dropped 10.11, or 0.72%, to 1,392.78. | |
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News For FDX;SCVL;DG;GME;SONC;MCD;PCLN;RGR;SWHC;GOLD;X From The Last 14 Days Check below for free stories on FDX;SCVL;DG;GME;SONC;MCD;PCLN;RGR;SWHC;GOLD;X the last two weeks. |
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| May 17, 2013 | | 06:15 EDT |  | MCD | McDonald's to reduce its menu, Bloomberg reports
 Subscribe for More Information | | | May 16, 2013 | | 15:27 EDT |  | PCLN | priceline.com slips lower in late-day trading, levels to watch
Subscribe for More Information | | | May 15, 2013 | | 17:26 EDT |  | DG | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 08:02 EDT |  | FDX | FedEx should be bought on pullbacks, says RW Baird
Baird lowered its estimates on FedEx to reflect below consensus Q4 results and guidance. The firm cited continued international airfreight weakness but sees stabilizing signs. Baird remains constructive on the shares citing low investor sentiment and potential for margin improvements. Shares are Outperform rated with a $112 price target. | | | 07:31 EDT | | FDX | FedEx news should improve investor sentiment, says Oppenheimer
After FedEx announced that it anticipates delivering $1.65B of annualized profitability improvement by FY16, Oppenheimer believes that this news, along with a capacity cut and the company's recent win of a major Post Office contract, will improve investor sentiment towards the stock. The firm reiterates an Outperform rating on the shares. | | | May 14, 2013 | | 13:21 EDT | | GME | Take-Two rises after results beat expectations
Subscribe for More Information | | | 07:26 EDT |  | SWHC | Society of Manufacturing Engineers to host a conference
Subscribe for More Information | | | 07:23 EDT | | FDX | Oppenheimer to host a summit
Subscribe for More Information | | | May 13, 2013 | | 07:36 EDT | | GOLD | Summit Business Media holds a conference
Subscribe for More Information | | | May 10, 2013 | | 14:52 EDT | | PCLN | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | | 08:30 EDT | | PCLN | priceline.com Q2 guidance not a cause for concern, says Cantor
Subscribe for More Information | | | 07:27 EDT | | PCLN | priceline.com valuation highly attractive, says RBC Capital
Subscribe for More Information | | | 07:03 EDT | | PCLN | priceline.com price target raised to $850 from $800 at Piper Jaffray
Piper Jaffray raised its price target for priceline.com following the company's Q1 results and maintains an Overweight rating on the stock. Piper believes priceline.com's Q2 guidance is conservative and sees potential for margin expansion in the second half of 2013. | | | 07:02 EDT | | PCLN | priceline.com price target raised to $924 from $886 at Credit Suisse
Subscribe for More Information | | | 06:59 EDT | | MCD | McDonald's to stop selling Angus burgers, Angus snack wraps, AP reports
Subscribe for More Information | | | 06:34 EDT | | PCLN | priceline.com price target lowered to $715 from $745 at Deutsche Bank
Deutsche Bank says it remains on the sidelines with regards to priceline.com shares given expectations for decelerating growth and margin compression in Q2. The firm lowered its price target for shares to $715 from $745 following the company's Q1 results and keeps a Hold rating on the name. | | | May 9, 2013 | | 18:52 EDT | | PCLN | On The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 11.6%... Unilife (UNIS), up 10.8%... Sequenom (SQNM), up 9.8%. DOWN AFTER EARNINGS: priceline.com (PCLN), down 3.2%... Allscripts (MDRX), down 6.1%... Air Lease (AL), down 10%. ALSO LOWER: Affymax (AFFY), down 11% after disclosing in a regulatory filing that its financial position may prevent it from continuing operations... Discovery Labs (DSCO), down 8.5% after filing to sell common stock... magicJack (CALL), down 6.4% after naming a new CFO. | | | 16:10 EDT |  | PCLN | priceline.com sees Q2 EPS $8.87-$9.45, consensus $9.58
Subscribe for More Information | | | 16:03 EDT | | PCLN | priceline.com reports Q1 EPS $5.76, consensus $5.26
Subscribe for More Information | | | 15:27 EDT | | PCLN | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include priceline.com (PCLN), consensus $5.27; Public Storage (PSA), consensus $1.62; NVIDIA (NVDA), consensus 10c; CareFusion (CFN), consensus 53c; Assured Guaranty (AGO), consensus 68c; Medivation (MDVN), consensus (41c); Great Plains Energy (GXP), consensus 12c; Salix Pharmaceuticals (SLXP), consensus 68c; Air Lease (AL), consensus 38c; Sotheby's (BID), consensus (12c). | | |
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