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Stock Market & Financial Investment News

News Breaks
March 22, 2012
16:23 EDTSWHC, MCD, DG, X, RGR, SONC, SCVL, GOLD, PCLN, GME, FDXOn 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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May 28, 2015
09:03 EDTDGDollar General names COO Todd Vasos as CEO
Dollar General Corporation announced that effective June 3, its board of directors has named Todd J. Vasos, COO, to the position of CEO and has elected him to the board. Vasos will succeed Rick Dreiling, chairman and CEO, who had previously announced his retirement plans. Dreiling will remain on the board for the remainder of his term and will serve as senior advisor and chairman of the board through January 29, 2016. The election of Vasos to Dollar Generalís board will bring the total number of directors to nine.
08:06 EDTGMEGameStop May weekly volatility elevated into Q1 and outlook
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07:24 EDTFDXFedEx coverage resumed with a Neutral at Nomura
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May 27, 2015
09:14 EDTMCDMcDonald's to reportedly stop monthly sales reporting as of June
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08:05 EDTGMEGameStop should be bought if earnings prompts pullback, says Baird
Baird noted GameStop reports Q1 results on Thursday and said shares are typically volatile following earnings reports. The firm would use any pullback as a buying opportunity, as the cyclical market for console gaming is now trending toward higher-margin software. Baird reiterated its Outperform rating and $50 price target on GameStop shares.
May 26, 2015
09:58 EDTDGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
06:19 EDTDGDollar General upgraded to Conviction Buy from Buy at Goldman
Goldman added Dollar General to the Conviction Buy List and increased its price target to $87 from $85. The firm sees a positive inflection in fundamentals given favorable low-income consumer tailwinds and a reduced margin drag from tobacco, sustainable competitive advantages driving long-term growth, and attractive valuation.
06:12 EDTPCLNPriceline to invest additional $250M in Ctrip.com
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May 21, 2015
07:34 EDTSCVLShoe Carnival upcoming catalysts should drive opportunities, says Susquehanna
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May 20, 2015
16:13 EDTSCVLShoe Carnival narrows FY15 EPS view to $1.42-$1.48 from $1.40-$1.48
Consensus $1.47. Sees FY15 revenue $977M-$991M, consensus $991.64M. Sees FY15 SSS up 1.5%-3%.
16:09 EDTSCVLShoe Carnival reports Q1 EPS 52c, consensus 52c
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15:00 EDTSCVLNotable companies reporting after market close
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09:36 EDTMCDActive equity options trading on open
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07:12 EDTMCDMcDonald's annual meeting expected to be greeted with protests, Reuters says
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05:56 EDTMCDStocks with implied volatility movement; MCD USO
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May 19, 2015
09:58 EDTPCLNOn The Fly: Analyst Initiation Summary
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08:13 EDTMCDUnion group asks FTC to probe McDonald's, other big franchisers, WSJ reports
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07:22 EDTFDXUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link
06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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05:36 EDTPCLNBooking.com implements new parity provisions in Germany
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