New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:17 EDTABG, LOW, BAGL, BBRG, TREX, DFRG, AZO, STKS, CONN, GPIStifel to hold a conference
2014 Consumer Conference to be held in New York on June 3.
News For GPI;BBRG;ABG;AZO;BAGL;CONN;DFRG;LOW;STKS;TREX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 10, 2014
09:31 EDTCONNConn's still 'somewhat undervalued,' says SunTrust
Subscribe for More Information
06:38 EDTAZOAutoZone initiated with a Buy at Nomura
Subscribe for More Information
December 9, 2014
16:28 EDTCONNOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red on the heels of a sharp sell-off in China and amid continued concern over tumbling oil prices. The domestic economic calendar offered little in the way of a catalyst and the market moved in a narrow range throughout the morning. However, the averages began to pare their losses once the European markets closed. By mid-afternoon the averages had turned mixed with the Nasdaq higher, the S&P flat, and the Dow the laggard, which is the way the trading day closed. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' optimism index rose to 98.1 from a prior reading of 96.1. The JOLTS report showed job openings increased 149K to 4.83M in October, which was above the expectation for 4.795M openings. Wholesale sales increased 0.2% in October and inventories grew 0.4%, both of which were better than expected. In Asia, China's Shanghai composite index plunged 5.4%, making for the stock market's sharpest selloff in years, after the countryís securities clearing house raised the threshold for the type of collateral used for short-term loans and policymakers warned about potentially slower economic growth. In Europe, Greek stocks and bonds also tumbled after a move to bring forward presidential elections, which could potentially derail Greeceís bailout and austerity efforts. COMPANY NEWS: Verizon (VZ) was among the Dow's worst performers, sinking $1.98, or 4.05%, to $46.92 after the company warned that Q4 impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its earnings per share. After last night's commentary from the company, Robert W. Baird downgraded Verizon shares to Neutral from Outperform and lowered its price target on the stock to $50 from $54... Merck (MRK) also weighed on the Dow, as the drugmaker fell $1.87, or 3.02%, to $60.01 after a Delaware court denied Cubist's (CBST) bid to stop Hospira (HSP) from selling a generic version of Cubicin in 2016. Merck announced just yesterday morning that it had agreed to buy Cubist in a transaction with a total value of approximately $9.5B. The news is a "tough start" to Merck's takeover and makes the $9.5B buyout price look $2B to $3B too high, according to analysts at Leerink. Shares of Cubist also fell $xxx, or xxx%, to $xxx following the court ruling. MAJOR MOVERS: Among the notable gainers was bluebird bio (BLUE), which surged $35.39, or 72.39%, to $84.28 after the company announced data from eight subjects treated with its LentiGlobin drug product and Piper Jaffray more than doubled its price target for the shares to $112 from $52. Among the noteworthy losers was Conn's (CONN), which plunged $14.26, or 40.64%, to $20.83 after unexpectedly reporting losses for its third fiscal quarter, withdrawing its FY15 guidance and announcing the departure of its CFO. Also lower was Spirit Airlines (SAVE), which slid $10.70, or 12.67%, to $73.77 after the company said last night that since late October there has been compression in the fare structure for close-in bookings, believed to be driven by the industryís willingness to trade lower fuel prices for lower fares. Also, this morning, Raymond James downgraded Spirit Airlines to Market Perform from Outperform, citing valuation, European deflation headwinds, and earnings that are still being revised down. INDEXES: The Dow fell 51.28, or 0.29%, to 17,801.20, the Nasdaq rose 25.77, or 0.54%, to 4,766.46, and the S&P 500 slipped 0.49, or 0.02%, to 2,059.82.
12:37 EDTCONNConn's downgraded to Hold from Buy at Canaccord
Canaccord downgraded Conn's to Hold following the Q3 report citing credit deterioration and limited visibility. Price target is $21.
12:25 EDTCONNOn The Fly: Midday Wrap
Subscribe for More Information
10:48 EDTLOWLowe's volatility elevated into analyst and investor meeting
Lowe's December call option implied volatility is at 24, January is at 19, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into a company hosted analyst and investor meeting to be held on December 11.
10:19 EDTCONNHigh option volume stocks
Subscribe for More Information
10:08 EDTCONNHigh option volume stocks
Subscribe for More Information
09:21 EDTCONN, AZOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
07:11 EDTAZOAutoZone reports Q1 inventory up 11.3%
Subscribe for More Information
07:09 EDTCONNConn's announces departure of CFO Brian Taylor
Connís announced the departure of Brian Taylor, the companyís CFO. Effective immediately, the company has appointed Mark Haley as Interim CFO. Prior to joining Connís as VP and Chief Accounting Officer in October 2014, Haley was Vice President and Chief Accounting Officer at Coldwater Creek, Inc. for four years. The company has engaged an executive search firm to identify qualified candidates for the permanent CFO position. The search process will include both internal and external candidates.
07:05 EDTCONNConn's sees Q4 SSS flat to up 3%
The following are the companyís expectations for its business for the fourth quarter: Same stores sales flat to up 3%; Retail gross margin between 39.0% and 40.0%; Opening of 2 new stores during the quarter; and Closure of 1 store during the quarter. Beginning with December results, the company will release, shortly after the end of the month, same store sales and greater than 60 days delinquency performance. The company believes this will provide investors with timely, relevant information about business trends and expects to continue this practice until the company experiences more stability in its results.
07:04 EDTCONNConn's withdraws FY15 guidance
Subscribe for More Information
07:04 EDTCONNConn's says no timetable set for completion of strategic alternatives process
In October, the Company announced that its Board of Directors authorized management to explore a full range of strategic alternatives for the Company to potentially enhance value for stockholders. The Company has engaged an independent financial advisor to assist in this process and is actively engaged in preliminary discussions with multiple parties about a range of potential strategic alternatives. No timetable has been set for the completion of the process. Conn's does not expect to comment further or update the market with any further information on the process unless and until its Board of Directors has approved a specific transaction or otherwise deems disclosure appropriate or necessary. There can be no assurance that this strategic alternatives review will result in the Company changing its current business plan, pursuing a particular transaction or completing any such transaction.
07:03 EDTCONNConn's says initiating search for president
Subscribe for More Information
07:03 EDTCONNConn's reports Q3 EPS (8c), may not compare to consensus 68c
Subscribe for More Information
07:02 EDTAZOAutoZone reports Q1 EPS $7.27, consensus $7.16
Subscribe for More Information
December 8, 2014
16:37 EDTABGAsbury Automotive acquires new Ford store in GA
Asbury Automotive announced that it has acquired Sandy Springs Ford. The Ford dealership generates approximately $110M in revenues annually. The dealership has been rebranded Nalley Ford Sandy Springs and brings the number of Asbury stores in Georgia to 16.
15:20 EDTAZONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include AutoZone(AZO), consensus $7.16; HD Supply (HDS), consensus 53c; Burlington Stores (BURL), consensus 12c; Science Applications International (SAIC), consensus 74c; UTi Worldwide (UTIW), consensus 6c; The Pantry (PTRY), consensus 46c; Pep Boys (PBY), consensus 12c.
12:04 EDTLOWLowe's to host analyst and investor meeting
Analyst and Investor Meeting to be held on December 11 at 10 am. Webcast Link
1 | 2 | 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