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Stock Market & Financial Investment News

News Breaks
November 21, 2012
09:59 EDTBIN, WBS, PENN, FMER, THOR, NRGY, MTL, FRC, SKX, GLREOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Greenlight Capital Re (GLRE) upgraded to Buy from Neutral at UBS... Inergy, L.P. (NRGY) upgraded to Outperform from Neutral at RW Baird... Penn National (PENN) upgraded to Buy from Neutral at Lazard Capital... Skechers (SKX) upgraded to Positive from Neutral at Susquehanna... Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Webster Financial (WBS) upgraded to Equal Weight from Underweight at Morgan Stanley... First Republic Bank (FRC) upgraded to Buy from Hold at Jeffries... FirstMerit (FMER) upgraded to Buy from Hold at Sandler ONeill... Progressive Waste (BIN) upgraded to Outperform from Sector Perform at Scotia Capital... Mechel (MTL) upgraded to Hold from Sell at Deutsche Bank.
News For GLRE;NRGY;PENN;SKX;THOR;WBS;FRC;FMER;BIN;MTL From The Last 14 Days
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February 10, 2016
19:33 EDTSKXOn The Fly: After Hours Movers
UP AFTER EARNINGS: HubSpot (HUBS), up 12%... CSRA (CSRA), up 12%... Expedia (EXPE), up 11.5%... Tesla (TSLA), up 9.6%... Hortonworks (HDP), up 8.6%... Skechers (SKX), up 8.8%... Cisco Systems (CSCO), up 7.3%... Centurylink (CTL), up 8.4%... O'Reilly Automotive (ORLY), up 5.2%... Kinross Gold (KGC), up 3.7%... Whole Foods Market (WFM), up 2.5%. ALSO HIGHER: Tripadvisor (TRIP) is up 7.1% and Priceline (PCLN) is up 4.5% after Expedia reported its quarterly results. DOWN AFTER EARNINGS: Pilgrim's Pride (PPC), down 10.9%... Cornerstone OnDemand (CSOD), down 3.6%... Mylan (MYL), down 9.4% after reporting quarterly results and announcing that it will acquire Meda Aktiebolag for $9.9B... Zynga (ZNGA), down 8.9%... iRobot (IRBT), down 6.4%... Prudential (PRU), down 1%... Twitter (TWTR), down 3%... Pioneer Natural (PXD), down 2.4%. ALSO LOWER: Franco-Nevada (FNV), down 4.9% after 11.5M share Spot Secondary priced at $47.85... Continental Resources (CLR), down 2.4% after reporting proved reserves of 1.23B Boe at Dec. 31, 2015.
16:05 EDTSKXSkechers 'comfortable' with Q1 EPS estimates 50c-55c
"As we look at the coming year, we believe our company-owned retail stores are on target with mid- to high-single digit retail comps in January and we are continuing to gain market share. We have had a very strong start to the first quarter with January sales up approximately 35% compared to January 2015 as well as a strong first week of February. Our backlogs are up 9.5% at December 31, 2015, which were impacted by some distributors pulling forward orders from January to December... Additionally, our incoming order rate in January was also very strong with both our domestic wholesale and European subsidiary businesses ordering closer to season, which is resulting in increasingly improved backlogs for the first quarter... We remain comfortable with the majority of the analysts' current consensus range of $885M-$920M in net sales and 50c-55c in earnings per share for Q1," Skechers said. Q1 revenue consensus is $899.13M, while EPS consensus is 55c.
16:03 EDTSKXSkechers sees 2016 year-end storecount 1,650
16:02 EDTSKXSkechers reports Q4 EPS 19c, consensus 20c
Reports Q4 revenue $722.7M, consensus $693.48M. "The fourth quarter growth was across our key product lines for men, women and kids, which led to high single-digit gains in our domestic wholesale business, and double-digit increases in our international wholesale and company-owned retail stores businesses," said the company.
14:32 EDTSKXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cisco (CSCO), consensus 54c... Tesla (TSLA), consensus 8c... Twitter (TWTR), consensus 12c... Whole Foods (WFM), consensus 40c... Mylan (MYL), consensus $1.27... Expedia (EXPE), consensus $1.00... Prudential Financial (PRU), consensus $2.30... O'Reilly Automotive (ORLY), consensus $2.08... Pioneer Natural Resources (PXD), consensus (30c)... Skechers (SKX), consensus 20c... Zynga (ZNGA), consensus 0c.
February 8, 2016
08:36 EDTSKXSkechers near-term outlook positive, says Sterne Agee CRT
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February 4, 2016
07:05 EDTPENNPenn National sees Q1 revenue $756.9M, consensus $724.88M
Sees Q1 adjusted EBITDA $203.1M.
07:05 EDTPENNPenn National sees FY16 revenue $3.054B, consensus $3.04B
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07:04 EDTPENNPenn National reports Q4 revenue $734M, consensus $739.3M
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January 29, 2016
09:35 EDTPENNNevada reports Statewide December gaming win up 3.31% to $982.06M
The state also reports Las Vegas Strip December gaming win up 8.2% compared to last year at $600.75M compared to last year. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).

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