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Stock Market & Financial Investment News

News Breaks
March 7, 2014
09:16 EDTNVTL, FEYE, VMEM, NLNK, ALSK, GTAT, FRM, DLIA, SWY, SKUL, BIG, FLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Foot Locker (FL), up 5.5%... Skullcandy (SKUL), up 25%... Big Lots (BIG), up 16%... Alaska Communications (ALSK), up 11%...ALSO HIGHER: dELiA's (DLIA), up 11% after Tiger Global Management reports 6.3% passive stake in the company... GT Advanced (GTAT), up 7% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Furmanite (FRM), down 3.8%... Novatel Wireless (NVTL), down 23%... Peregrine Pharmaceuticals (PPHM), down 10%. ALSO LOWER: NewLink (NLNK), down 9.7% after saying will continue IMPRESS Phase 3 study of algenpantucel-L... Violin Memory (VMEM), down 12.4% after earnings, downgrade at BofA/Merrill... FireEye (FEYE), down 6.6% after 14M share secondary offering of stock priced at $82.00... Safeway (SWY), down 3% after announcing a deal to be acquired by Albertsons for about an estimated $40 per share in a merger that had been reported on extensively.
News For FL;SKUL;DLIA;BIG;SWY;FRM;GTAT;NLNK;FEYE;ALSK;VMEM;NVTL From The Last 14 Days
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December 5, 2014
10:46 EDTBIGBig Lots tumbles after Q3 results misses estimates
Shares of closeout retailer Big Lots (BIG) are lower this morning after the company's third quarter earnings failed to meet analyst estimates. WHAT'S NEW: Big Lots reported Q3 earnings per share of (6c) and revenue of $1.11B, missing analysts' consensus estimates of (5c) and $1.12B, respectively. Same store sales increased 1.4% for the quarter, the company said. Big Lots said Jennifer, its core customer, is responding positively to the improved merchandising strategies such as the recent expansion of its Food category and the Furniture lease-to-purchase program. Inventory ended the quarter at $1.08B vs. $1.24B for the previous year. Looking ahead, Big Lots raised the high end of its fourth quarter EPS view to $1.70-$1.80 from $1.70-$1.76 against analysts' consensus estimates of $1.78. and backed its Q4 SSS view of a low single digit increase. For fiscal year 2014, Big Lots backed its FY14 EPS view of $2.40-$2.50 against analysts' estimates of $2.49 and SSS guidance of up 1%-2%. WHAT'S NOTABLE: During the conference call to discuss Q3 earnings, Big Lots said it expects to see double digit drops in Electronics in the fourth quarter. Big Lots said it was encouraged by the start of November where comps were up by 2%, but also commented on less than favorable results from Thanksgiving and Black Friday, with one executive noting the lack of traffic at store checkouts during Black Friday. The retailer also said it sees positive opportunity for January in food, furniture and home. PRICE ACTION: During morning trading, Big Lots fell $6.56, or 13.68, to $41.39. OTHERS TO WATCH: Five Below (FIVE), which reported in-line third quarter EPS and a lower-than-expected fourth quarter and fiscal year 2014 outlook, is down 12.3% to $37.56.
10:35 EDTBIGHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN
10:07 EDTALSKGeneral Communications to hold a conference call
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10:00 EDTFEYEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
09:17 EDTBIG, DLIA, ALSKOn The Fly: Pre-market Movers
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08:22 EDTBIGBig Lots expects to see double digit drops in electronics in Q4
08:13 EDTBIGBig Lots plans to open 24 new stores and close 57 US stores in 2015
Encouraged by start in November where comps up by 2%. The company, however, said Thanksgiving and Black Friday results down from prior year. Believes January has opportunity in food, furniture and home. Comments taken from Q3 earnings conference call.
07:32 EDTDLIAdELiA's to seek bankruptcy court approval to close all existing stores
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07:31 EDTDLIAdELiA's to file for Chapter 11 bankruptcy protection in 'very near term'
07:31 EDTDLIAdELiA's announces plans to liquidate all merchandize owned by company
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06:21 EDTFEYEFireEye initiated with a Market Perform at JMP Securities
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06:05 EDTBIGBig Lots backs FY14 EPS view of $2.40-$2.50, consensus $2.49
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06:04 EDTBIGBig Lots raises high-end of Q4 EPS view to $1.70-$1.80 from $1.70-$1.76
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06:01 EDTBIGBig Lots reports Q3 EPS (6c), consensus (5c)
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December 4, 2014
18:34 EDTALSKOn The Fly: After Hours Movers
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16:10 EDTALSKGeneral Communications to buy Alaska Communications subscriber base for $300M
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15:18 EDTBIGNotable companies reporting before tomorrow's open
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15:00 EDTNLNKNewLink Genetics January and April volatility elevated
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09:33 EDTFRMMustang Capital announces proxy contest at Furmanite, submits 4 nominations
Mustang Capital Management, a significant stockholder of Furmanite Corporation with beneficial ownership of approximately 4.3% of the company's outstanding shares of common stock, announced that it has nominated four director candidates for election to the Furmanite board at the 2015 annual meeting of stockholders, citing poor corporate governance practices in the face of continuing poor financial and operational performance and a desperate need for board refreshment in order to drive stockholder value. It is expected that Furmanite's 2015 Annual Meeting will be held in the second quarter of 2015. Mustang Capital plans to file proxy materials with the SEC asking for stockholders to vote for Mustang Capital's nominees on the WHITE proxy card.
06:48 EDTFEYESony denies North Korea identified as source of hack, NY Times says
Sony's (SNE) Sony Pictures unit said Re/code's report which stated that North Korea had been identified as the source of the cyber attack on the unit was not accurate, according to The New York Times. Sony Pictures and the FBI are continuing to identify the incident, the newspaper added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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