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Stock Market & Financial Investment News

News Breaks
March 14, 2014
12:31 EDTCTB, CELG, GIS, ULTA, ARO, SBUX, GMCROn The Fly: Midday Wrap
Stocks on Wall Street traded in a narrow band on either side of the flat-line in the early going, as the news flow continues to be dominated by developments between Russia and Ukraine. Stocks opened in quiet fashion and moved to the upside early in the session. The market was unable to hold its gains, however, and reversed course following a report that indicated that consumer sentiment has fallen this month. The averages crossed back into positive territory right before noon, but the market has remained in a narrow range throughout the morning's swings. ECONOMIC EVENTS: In the U.S., producer prices fell 0.1% overall in February, versus an expected increase of 0.2%. The core reading, which excludes food and energy, fell 0.2%, versus an expected increase of 0.1%. The Reuters/University of Michigan Consumer Sentiment Survey for March unexpectedly dropped to a four-month low of 79.9. The preliminary reading for the month was expected by analysts to have come in at 81.8, which would have been a slight bump from the prior 81.6 figure. In Europe, one person reportedly died and several were injured after violent clashes in the Ukrainian city of Donetsk amid demonstrations from those opposed to Russia’s military intervention in Crimea. Also, reports indicated the Russian military conducted another military exercise near Ukraine on Thursday. COMPANY NEWS: Shares of single-serve coffee machine maker Keurig Green Mountain (GMCR) rose nearly 9% after the company agreed to new terms in its deal with coffee giant Starbucks (SBUX). Research firm Buckingham said its views Keurig's amended deal with Starbucks as a positive event for both companies. The new agreement lets Keurig pursue additional premium unlicensed brands and provides Starbucks an opportunity for better margins, said the firm... Shares of teen retailer Aeropostale (ARO) fell almost 14% after its fourth quarter results and first quarter outlook missed analysts' consensus expectations. The retailer also entered a financing deal with private equity firm Sycamore Partners for a strategic partnership and $150M in senior secured credit facilities. Aeropostale will also issue convertible preferred stock to Sycamore that gives the firm the right to acquire up to 5% of the company's common stock at an exercise price of $7.25, the closing price of the company's common stock on March 12. MAJOR MOVERS: Among the notable gainers was beauty retailer Ulta Salon (ULTA), which advanced over 7% after the company’s fourth quarter results beat estimates. Also higher following its quarterly earnings report was tire maker Cooper Tire & Rubber (CTB), which rose nearly 8%. Among the noteworthy losers was Celgene (CELG), which dropped almost 3% after the U.K.'s healthcare guidance body issued new draft guidance on the use of the company's Revlimid drug. Also lower were shares of cereal and packaged foods maker General Mills (GIS), which slid 2% after the company warned its third quarter earnings could miss expectations. INDEXES: Near midday, the Dow was up 1.15, or 0.01%, to 16,110.04, the Nasdaq was up 1.74, or 0.04%, to 4,262.16, and the S&P 500 was virtually unchanged at 1,846.36.
News For GMCR;SBUX;ARO;ULTA;CELG;CTB;GIS From The Last 14 Days
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August 27, 2015
15:59 EDTGISB&G in late stage talks to buy General Mills' Green Giant business, Reuters says
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15:04 EDTULTAULTA Beauty September 160 straddle priced for 9.5% movement into Q2
14:58 EDTARO, ULTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
12:16 EDTULTAULTA Beauty technical notes before earnings news
Shares are trading up ahead of earnings, last at $161. If the news is bullish, resistance areas to watch would be at $165.33, $171.21, and the life high at $176.77. If there is a bearish surprise, the shares given the extension in price recently would be vulnerable. Support levels to watch would be at $158.05, $153.26, and $149.13. There has been a strong line of support at the $150 area, going back to March of this year.
August 26, 2015
13:14 EDTGISGeneral Mills recalls 'limited' quantity of frozen Cascadian Farm green beans
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08:07 EDTULTAULTA Beauty should report solid Q2 results, says Baird
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08:05 EDTGMCRKeurig Green Mountain to bring illy brand to K-Cup pods for hot breweing system
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August 25, 2015
11:22 EDTULTAULTA Beauty volatility elevated into Q2 and outlook
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08:41 EDTULTAULTA Beauty to report above consensus Q2 results, says William Blair
William Blair analyst Daniel Hofkin predicts that ULTA Beauty will report Q2 earnings and comp-store sales above consensus estimates and said he views the current consensus forecast for Q3 comp sales and EPS as "reasonable." Hofkin maintains an Outperform rating on ULTA shares, stating that he views its valuation as defensible and he sees opportunities for the company to continue to gain "considerable" market share and exceed margin expectations.
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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07:31 EDTCELGCelgene announces expiration of tender offer for Receptos shares
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07:07 EDTAROAeropostale August weekly volatility elevated into Q2 and outlook
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August 24, 2015
18:55 EDTCELGOn The Fly: After Hours Movers
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18:52 EDTCELGJazz, Celgene, Shire up after USPTO rejects Acorda patent challenge
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18:02 EDTGMCRS&P 500 enters correction territory amid global growth concerns
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13:36 EDTCELGBiotech correction presents some opportunities, says RBC Capital
RBC Capital analyst Michael Yee said he won't try to pick the short-term bottom in biotech, but contends that any macro weakness in China shouldn't have any major impact to financials or fundamentals for the sector given their minimal exposure there. If the market continues to be volatile, Yee recommends a focus on names with defensive characteristics, such as higher margins and free cash flow yield, naming Amgen (AMGN), Celgene (CELG) and Gilead (GILD) as some examples. The analyst adds that he likes Vertex (VRTX) on the pullback for "more aggressive" growth investors. Yee has Outperform ratings on all of the stocks mentioned above.
August 23, 2015
12:35 EDTCELGBiotech firms could see 'billions' in sales from new cancer drugs, Barron's says
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August 21, 2015
05:51 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
Stocks with implied volatility below IV index mean; Teva (TEVA) 25, Keurig Green Mountain (GMCR) 39 according to iVolatility.
August 20, 2015
05:58 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
Stocks with implied volatility below IV index mean; Teva (TEVA) 23, Keurig Green Mountain (GMCR) 37 according to iVolatility.
05:57 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
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