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Stock Market & Financial Investment News

News Breaks
November 14, 2012
17:32 EDTFOSL, MPC, FAST, BCRSAC Capital reports new stakes in Fossil, Marathon, Fastenal, C.R. Bard
News For FOSL;MPC;FAST;BCR From The Last 14 Days
Check below for free stories on FOSL;MPC;FAST;BCR the last two weeks.
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July 24, 2014
06:17 EDTFOSLMichael Kors watch momentum moderating, says Citigroup
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July 18, 2014
11:25 EDTFASTOptions with decreasing implied volatility
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July 16, 2014
10:35 EDTFASTOptions with decreasing implied volatility
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July 15, 2014
10:37 EDTFASTOptions with decreasing implied volatility
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July 14, 2014
18:15 EDTMPCOn The Fly: After Hours Movers
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18:02 EDTMPCRefiners weak after Valero Q2 guidance misses consensus estimates
Shares of select companies in the oil refinery space are weaker in after-hours trading after Valero, an independent petroleum refining and marketing company, gave second quarter guidance that was lower than consensus estimates. WHAT'S NOTABLE: Valero said it expects Q2 EPS of $1.10-$1.25 versus a consensus estimate of $1.39. PRICE ACTION: Valero shares are lower by $1.70, or 3.4%, to $48.22. OTHERS TO WATCH: Tesoro Corporation (TSO) is down by almost 1%, HollyFrontier Corporation (HFC) is down 0.6%, and Marathon Petroleum Corporation (MPC) is lower by 0.36%.
10:00 EDTFASTOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
July 11, 2014
16:22 EDTFASTOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
11:15 EDTFASTFastenal tumbles after reporting earnings, announcing store closures
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10:42 EDTFASTFastenal hopes to structurally improve gross margins
Says there is "plenty of room" for the company to improve gross margins over time.
10:16 EDTFASTFastenal to close 45 stores in 2H14
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10:00 EDTMPCOn The Fly: Analyst Upgrade Summary
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09:09 EDTFASTOn The Fly: Pre-market Movers
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08:48 EDTFASTFastenal slips after results, levels to watch
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06:54 EDTFASTFastenal reports Q2 EPS 44c, consensus 44c
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05:56 EDTMPCMarathon Petroleum upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Marathon Petroleum to Buy citing improved earnings power following the company's recent acquisitions, new initiatives in the midstream and pipeline business, and share repurchases over the last two years. Citi lowered its price target for shares to $94 from $96.
July 10, 2014
15:13 EDTFASTNotable companies reporting before tomorrow's open
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