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Stock Market & Financial Investment News

News Breaks
March 26, 2013
12:31 EDTGS, BRK.A, SONC, RFMD, ZIOP, CLMTOn 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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August 14, 2014
16:09 EDTAAgilent sees FY14 EPS $3.04-$3.08, consensus $3.07
Sees FY14 revenue $6.99B-$7.03B, consensus $6.99B
16:08 EDTAAgilent sees Q4 EPS 87c-91c, consensus 94c
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16:06 EDTAAgilent reports Q3 EPS 78c, consensus 74c
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15:03 EDTANotable companies reporting after market close
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August 7, 2014
17:01 EDTSONCSonic initiates 9c cash dividend, authorizes $105M share buyback program
Sonic Corp announced that its board initiated a cash dividend program under which the company will pay a regular quarterly cash dividend to shareholders of its common stock. The board declared the first quarterly cash dividend of 9c per share of common stock to be paid to shareholders of record as of the close of business on November 12, with a payment date of November 21. The company also announced that its board has increased the company’s share repurchase program for FY15. Pursuant to the program, the company is authorized to repurchase up to $105M of its common stock for the fiscal year beginning September 1 and ending August 31, 2015. The company expects to complete the remaining purchases under its $80M FY14 program by August 31.
16:55 EDTZIOPZiopharm reports Q2 EPS (6c), consensus (13c)
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05:43 EDTRFMDRF Micro Devices resumed with an Outperform at Pacific Crest
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August 6, 2014
13:37 EDTCLMTCalumet Specialty Products says pricing, demand remain strong
Says no major maintenance planned at any facilities for remainder of year. Comments from company's Q2 earnings conference call.
07:41 EDTCLMTCalumet Specialty Products sees 2014 CapEx $365M-$410M
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07:39 EDTCLMTCalumet Specialty Products reports Q2 EPS (17c), consensus 18c
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