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Stock Market & Financial Investment News

News Breaks
March 22, 2012
16:23 EDTGOLD, PCLN, GME, FDX, SWHC, MCD, DG, X, RGR, SONC, SCVLOn 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 dayís 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.
News For FDX;SCVL;DG;GME;SONC;MCD;PCLN;RGR;SWHC;GOLD;X From The Last 14 Days
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July 21, 2015
17:41 EDTFDXFedEx to acquire fifty additional 767-300F aircraft from Boeing
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08:29 EDTPCLNPriceline price target raised to $1,435 from $1,380 at Oppenheimer
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July 20, 2015
08:24 EDTMCDMcDonald's U.S. outlook improving, says RBC Capital
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July 17, 2015
12:05 EDTPCLNEtsy surges after Google says 'deep links' driving traffic boost
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11:16 EDTFDXFedEx spikes higher, levels to watch
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11:07 EDTFDXRumor: FedEx moves up on activist investor speculation
09:17 EDTGMEGameStop completes Geeknet acquisition
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05:51 EDTGMEJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
July 16, 2015
19:32 EDTMCDMcDonald's franchisees indicate lowest 6-month outlook in 12 years, WSJ says
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16:00 EDTXOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:22 EDTGMEBest Buy purchase of GameStop unlikely, says Oppenheimer
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11:52 EDTGMEGameStop call activity attributed to takeover speculation
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11:47 EDTGMERumor: GameStop strength attributed to takeover speculation
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10:00 EDTMCDOn The Fly: Analyst Initiation Summary
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July 15, 2015
16:20 EDTMCDMcDonald's initiated with a Neutral at BTIG
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12:02 EDTXAllegheny Technologies dives after slashing Q2 outlook, peers follow
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09:07 EDTMCDMcDonald's turnaround to take years, Peltz says on CNBC
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09:06 EDTMCDPeltz says if didn't own Wendy's, McDonald's may be investment
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July 14, 2015
09:01 EDTGMEGameStop announces expiration of tender offer for Geeknet shares
GameStop Corp. (GME) announced the expiration of its tender offer to purchase all outstanding shares of Geeknet, Inc. (GKNT) for $20.00 per share in cash. The Offer expired at 11:59 p.m. ET on July 13, 2015. As of the expiration of the Offer, a total of 5,924,736 shares were validly tendered and not withdrawn in the Offer, representing 86.39% of Geeknetís outstanding shares, according to the depositary for the Offer. All conditions to the Offer having been satisfied, GameStop will accept for payment, and pay for by deposit of the Offer Price for such shares with the depositary for the Offer on July 17, 2015, all shares validly tendered into the Offer.
06:24 EDTFDXFedEx in talks to buy 'at least' 25 Boeing cargo jets, Bloomberg reports
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