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Stock Market & Financial Investment News

News Breaks
March 26, 2013
12:31 EDTRFMD, GS, CLMT, SONC, ZIOP, BRK.AOn The Fly: Midday Wrap
Stocks on Wall Street were higher right out of the gate and have not moved far from their opening levels near midday. Investors received a fair amount of domestic economic data, including better than expected reports on home prices and durable goods orders. The flip side, however, was some worse than expected consumer confidence and new home sales data. Despite the mixed data, the market seems intent on closing the quarter with its gains intact as the end of the month approaches... ECONOMIC EVENTS: In the U.S., overall orders for durable goods rose 5.7% in February, versus expectations for an increase of 3.9%. However, excluding transportation, orders slipped 0.5%, versus expectations for a 0.6% rise. The S&P/Case-Shiller 20-city home price index climbed 8.1% in the 12 months ending in January, after rising 6.8% a month earlier. New home sales dropped 4.6% to 411K in February, versus expectations for a decline to 414K. Consumer confidence fell 8.3 points to 59.7 in March, which was worse than the expected pull back to 69.0. The Richmond Fed manufacturing survey reading of 3 for March missed expectations for it to hold at 6... COMPANY NEWS: Goldman Sachs (GS) announced that it amended its warrant agreement with Berkshire Hathaway (BRK.A) to settle in terms of net shares in place of a cash settlement, quoting Berkshire's Chairman and CEO Warren Buffett as having said, "We intend to hold a significant investment in Goldman Sachs." Shares of Goldman, which rose early in the session, were down fractionally near noon... MAJOR MOVERS: Among the notable gainers were Sonic (SONC), which rose 8% following its earnings report, and RF Micro Devices (RFMD), which rallied nearly 6% after Oppenheimer upgraded the stock to an Outperform rating. Among the noteworthy losers was Ziopharm (ZIOP), which was downgraded by at least four analyst firms and plunged over 61% after terminating development of a cancer drug after a clinical study missed its goal. Also lower were shares of Calumet Specialty Products (CLMT), down 4% after an offering of 5.25M of its shares priced at $37.50... INDICES: Near midday, the Dow was up 74.84, or 0.52%, to 14,522.59; the Nasdaq was up 5.90, or 0.18%, to 3,241.20; and the S&P 500 was up 6.36, or 0.41%, to 1,558.05.
News For A;SONC;RFMD;ZIOP;CLMT From The Last 14 Days
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March 27, 2015
12:28 EDTZIOPIntrexon, Ziopharm mentioned as stock picks by Bill Miller on CNBC
March 26, 2015
10:21 EDTCLMTCalumet Specialty Products CEO Grube departing role, Hatch appointed interim CEO
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March 25, 2015
11:01 EDTZIOPZiopharm May volatility elevated at 129
Ziopharm April call option implied volatility is at 123, May is at 129, July is at 106; compared to its 26-week average of 120 according to Track Data, suggesting large April price movement.
March 24, 2015
19:40 EDTSONCOn The Fly: After Hours Movers
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17:41 EDTSONCSonic reports adj. Q2 EPS 13c, consensus 12c
Reports Q2 revenue $126.2M, consensus $123.36M. Reports Q2 system same-store sales increased 11.5%, consisting of an 11.5% same-store sales increase at franchise drive-ins and an increase of 11.2% at company drive-ins.
16:07 EDTSONCSonic sees 25%-27% EPS growth in FY15
Consensus for FY15 EPS is $1.07. The company expects its initiatives to drive 25% to 27% earnings per share growth, on an adjusted basis, in fiscal 2015 as compared to the adjusted non-GAAP earnings per share for fiscal 2014. The macroeconomic environment may impact results.
16:05 EDTSONCSonic sees positive SSS in the low to mid-single digit range for Q3,Q4
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16:03 EDTSONCSonic reports Q2 EPS 14c, consensus 12c
Reports Q2 revenue $126.2M, consensus $123.36M. Reports Q2 system same-store sales increased 11.5%, consisting of an 11.5% same-store sales increase at franchise drive-ins and an increase of 11.2% at company drive-ins.
15:27 EDTSONCNotable companies reporting after market close
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14:03 EDTSONCSonic technical notes before earnings news
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09:10 EDTADako announces collaboration agreement with Amgen
Dako, an Agilent Technologies (A) company, announced a new Master Collaboration Agreement with Amgen (AMGN). The expanded collaboration will allow both companies to benefit from knowledge-sharing within the field of drug-diagnostic research and development in general, and in relation to companion diagnostic products in particular. The financial details of the agreement were not disclosed.
March 23, 2015
10:08 EDTSONCHigh option volume stocks
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07:52 EDTSONCSonic 2015 EPS poised to beat expectations, says Oppenheimer
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06:04 EDTZIOPStocks with implied volatility above IV index mean; ZIOP BBRY
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March 18, 2015
10:00 EDTCLMTOn The Fly: Analyst Upgrade Summary
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09:28 EDTSONCSonic March volatility elevated into Q2 and outlook
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08:31 EDTAAgilent names president and COO Mike McMullen as CEO
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06:44 EDTCLMTCalumet Specialty Products upgraded to Outperform from Sector Perform at RBC Capital
March 17, 2015
12:53 EDTZIOPZiopharm April volatility elevated at 126
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March 13, 2015
09:49 EDTAUBS life science tools/diagnostics analyst has analyst/industry conference call
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