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Stock Market & Financial Investment News

News Breaks
February 1, 2013
10:07 EDTGNC, AMZN, VSI, WAGGNC drops after William Blair cuts rating on growth concerns
Natural supplement retailer GNC (GNC) is falling after William Blair analyst Mark Miller downgraded the stock to Market Perform from Outperform in a note to investors earlier today. GNC's strong sales in the first half of 2012 increase the risk that the company's sales growth will decline in upcoming quarters, Miller believes. Meanwhile, Amazon.com (AMZN) is selling more of GNC's products at lower prices, creating additional competition for GNC. Since GNC doesn't sell its products to Amazon, the online retailer is likely receiving the supplements from GNC franchisees, Miller explains. Meanwhile, GNC is seeing increased competition from other brick and mortar retailers, including Vitamin Shoppe (VSI) and Walgreen (WAG), reports the analyst. In early trading, GNC dropped $1.95, or 5.43%, to $33.99.
News For GNC;AMZN;VSI;WAG From The Last 14 Days
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September 18, 2014
16:00 EDTAMZNOptions Update; September 18, 2014
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15:48 EDTGNCGNC considering options after receive PE interest, FT says
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15:09 EDTGNC, VSIVitamin Shoppe holders urge exploration of sale to GNC or pe firm, Reuters says
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14:53 EDTVSIVitamin Shoppe jumps 4% after report of stakeholder urging sale exploration
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14:53 EDTVSIVitamin Shoppe being called on to sell itself by shareholders, Reuters says
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11:55 EDTWAGRite Aid falls as drugstore chain trims FY15 view
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08:44 EDTAMZNAmazon.com volatility flat into Alibaba IPO
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06:05 EDTAMZNAmazon partners with Bango, Telefonica Deutschland on carrier billing services
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06:00 EDTAMZNAmazon introduces Fire OS 4 'Sangria'
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05:59 EDTAMZNAmazon announces new Fire HD
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05:57 EDTAMZNAmazon introduces Fire HDX 8.9
Amazon introduced the all-new Fire HDX 8.9, which combines a light design and HDX display with a new, more powerful processor, exclusive Dolby Atmos and the latest Dolby Audio, and all-new Fire OS 4 “Sangria” features and services. The new Fire HDX is available for pre-order starting today for $379.
05:57 EDTAMZNAmazon announces Fire HD Kids Edition
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05:56 EDTAMZNAmazon introduces two new Kindles
Amazon introduced the 7th generation of Kindle: Kindle Voyage and the new $79 Kindle, with a 20% faster processor, twice the storage, and now with a touch interface. Kindle Voyage features an all-new design, with a beautiful flush glass front and a magnesium back. Kindle Voyage uses a brand new Paperwhite display, with the highest resolution, highest contrast, and highest brightness of any Kindle. The new Kindle is available for pre-order today for $79 and will start shipping in October. The new Kindle Voyage is $199 and is available for pre-order and will start shipping in October.
05:51 EDTAMZNPiper questions why Amazon is in hardware business
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September 17, 2014
18:13 EDTAMZNBoeing, Lockheed Martin to team with Bezos firm on rocket engine, WSJ reports
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16:00 EDTAMZNOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
10:00 EDTGNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
09:00 EDTGNCGNC Holdings estimates cut 'well below' consensus at William Blair
William Blair lowered its estimates for GNC Holdings "well below" the current consensus after taking down its 2014 earnings estimate by 5c to $2.65 and 2015 estimate by 10c to $2.90. The firm finds it "tough to identify" any improvement in operating trends during Q3, and feels the departure of four key executives in the last three months suggests "deeper fundamental issues" for the company. William Blair lists large overlap in product assortment with Amazon (AMZN) and buy-one-get-one promotional activity continuing in Q3 as reasons for concern. The firm reiterates an Underperform rating on GNC and notes the stock is up nearly 20% since the Q2 release.
07:01 EDTGNCGNC Holdings upgraded to Outperform from Neutral at Wedbush
Wedbush upgraded GNC Holdings to Outperform following store checks that indicate stabilizing trends with a reduction in promotional activity. The firm believes GNC Holdings' reduced guidance in July is realistic and that re-franchising company-owned stores will be viewed positively by investors. Price target raised to $46 from $34.
06:59 EDTAMZNAmazon.com ads could increase EPS, says Pacific Crest
Pacific Crest believes that Amazon.com's ad initiatives could boost its EPS by $2.60 and raise its operating margin by one point in 2018. The firm quotes ad tech experts with whom it spoke as saying that the company is "a potential juggernaut in the ad industry" and is "on a $1B run rate." The firm keeps a $460 price target and Outperform rating on the shares.
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