New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
September 3, 2013
10:01 EDTGIB, ISRG, SCMP, SJR, WSM, COL, PANW, LF, ESV, GMCR, DF, GLW, KO, AAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CGI Group (GIB) downgraded to Sell from Hold at Deutsche Bank... Coca-Cola (KO) downgraded to Underperform from Outperform at CLSA... Corning (GLW) downgraded to Perform from Outperform at Oppenheimer... Dean Foods (DF) downgraded to Neutral from Buy at Goldman... Ensco (ESV) downgraded to Equal Weight from Overweight at Barclays... Green Mountain (GMCR) downgraded to Neutral from Buy at SunTrust... LeapFrog (LF) downgraded to Market Perform from Outperform at BMO Capital... Palo Alto (PANW) downgraded to Market Perform from Outperform at JMP Securities... Rockwell Collins (COL) downgraded to Market Perform from Outperform at Wells Fargo... Williams-Sonoma (WSM) downgraded to Hold from Buy at Canaccord... Shaw Communications (SJR) downgraded to Market Perform from Outperform at BMO Capital... Sucampo (SCMP) downgraded to Hold from Buy at Maxim... Apple (AAPL) downgraded to Sell from Hold at ABG Sundal... Intuitive Surgical (ISRG) downgraded to Underweight at First Analysis.
News For GIB;KO;GLW;DF;GMCR;ESV;LF;PANW;COL;WSM;SJR;SCMP;ISRG;AAPL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>
September 19, 2014
07:32 EDTCOLRockwell Collins board authorizes additional $500M for share repurchases
Subscribe for More Information
07:31 EDTCOLRockwell Collins sees FY15 EPS $4.90-$5.10, consensus $4.94
Subscribe for More Information
06:43 EDTAAPLYouTube spending more money on original content, Re/code reports
Subscribe for More Information
06:33 EDTAAPLTELUS announces iPhone 6, iPhone 6 Plus available in stores
Subscribe for More Information
06:22 EDTAAPLGoogle planning to encrypt phone data in Android, Washington Post reports
Subscribe for More Information
06:08 EDTGMCRKeurig Green Mountain implied volatility of 29 at lower end of index mean range
Subscribe for More Information
September 18, 2014
16:24 EDTWSMWilliams-Sonoma initiated with a Fair Value at CRT Capital
Target $72.
16:00 EDTAAPLOptions Update; September 18, 2014
Subscribe for More Information
15:22 EDTAAPLBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
Subscribe for More Information
10:40 EDTWSMPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
08:46 EDTAAPLApple patent points to development of bone conducting EarPods, AppleInsider says
Subscribe for More Information
08:37 EDTISRGIntuitive reports FDA clearance of da Vinci in benign, base of tongue procedures
Subscribe for More Information
07:30 EDTGIBCGI Group to collaborate with aerospace clusters in France, Quebec
Subscribe for More Information
07:29 EDTAAPLApple, U2 collaborate on digital format to up music-buying, Time says
Apple and U2 are collaborating on a new project to develop a digital music format which will increase music purchases and fairly compensate artists, reported Time. Reference Link
07:26 EDTAAPLGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
Subscribe for More Information
06:55 EDTAAPLApple launches new iOS 8 phones with 'kill switch'
Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon revealed that new iPhones sold with iOS 8 will include Apple’s theft deterrent system, Activation Lock, as a default setting. This marks the first time in the history of the smartphone industry that theft deterrent technology is available by default on new products. In addition to being standard on the new iPhone 6 and 6 Plus, newly-sold iPhones will also prompt users to upgrade to iOS 8. Additionally, the new operating system can also be installed on most previous models of iPhones. As co-chairs of the Secure Our Smartphone, or S.O.S. Initiative, Attorney General Schneiderman and District Attorney Gascon led the effort to call on the wireless industry to address the global rise in smartphone thefts. The ultimate goal of SOS is for every mobile device to have a “kill switch” on by default. A default solution is imperative because it ensures that the device will be worthless to thieves. Reference Link
06:40 EDTAAPLApple wants to sell 50M Apple Watches in 2015, DigiTimes reports
Subscribe for More Information
06:27 EDTAAPLReport says one iPhone 6 Chinese license approved, Reuters says
Subscribe for More Information
05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We don’t build a profile based on your email content or web browsing habits to sell to advertisers. We don’t ‘monetize’ the information you store on your iPhone or in iCloud. And we don’t read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use