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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:19 EDTMAT, LF, HAS, JAKKHasbro tumbles after lower games performance weighs on sales
Shares of toy maker Hasbro (HAS) are falling after the company's second quarter revenue missed analysts' consensus forecast and its Games division reported a significant decline in sales. WHAT'S NEW: Hasbro's Q2 adjusted EPS matched analysts' consensus view of 36c. The company's Q2 revenue came in at $829.26M, falling short of analysts' consensus forecast of $838.97M. The toy maker's Q2 U.S. and Canada sales were down 2%, while its international sales were up 17%. Hasbro reported that sales in its Boys segment were up 32% and sales in its Girls segment sales were up 10%, though its Preschool segment sales were down 4% and its Games segment sales were down 12% compared to the prior year's same quarter. During the company's conference call, Hasbro reaffirmed its FY15 cost savings goal of $100M. The company said that it is focused on growing its Games business in the long-term across all platforms. The company said its Q2 performance positions it well to "successfully execute" plans for the rest of the year and beyond and that its inventories are "well positioned" for the second half and the upcoming holiday season. The firm plans to launch "major" game initiatives in Q3 and Q4 and feels "very good" about its Girls business momentum heading into the back half of the year, it added. WHAT'S NOTABLE: Shapeways announced on its website that it has teamed up with Hasbro to launch SuperFanArt, which is a website that enables fans inspired by Hasbro brands to showcase their artwork and sell their 3D printed designs there and on Shapeways. SuperFanArt grants the license to create new art and product offerings. The first license was granted to a select number of 3D artists to create artwork based on Hasbro's My Little Pony brand. PRICE ACTION: Shares of Hasbro are down $1.70, or 3.2%, to $51.51 in morning trading. OTHERS TO WATCH: Hasbro peer Mattel (MAT), which reported its own quarterly earnings on July 17, is down 1.5%. Some other, smaller game and toy makers are rising, with JAKKS Pacific (JAKK) up 1.5% and LeapFrog (LF) up 0.3%.
News For HAS;MAT;JAKK;LF From The Last 14 Days
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November 17, 2014
09:22 EDTHASOn The Fly: Pre-market Movers
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November 16, 2014
18:05 EDTHASHasbro buyout of DreamWorks Animation 'doesn't make sense', Barron's says
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November 15, 2014
08:28 EDTHASHasbro ends DreamWorks talks after stock decline, Deadline reports
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08:25 EDTHASHasbro, DreamWorks talks 'cool,' unlikely to resume, WSJ reports
Hasbro's (HAS) talks to acquire DreamWorks Animation (DWA) have "cooled" and are unlikely to resume, Wall Street Journal reported last night, citing a person familiar with the matter. Reference Link
November 14, 2014
16:26 EDTHASNasdaq clear leader as major averages end week higher
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15:24 EDTJAKKJAKKS Pacific management to meet with Piper Jaffray
Meeting to be held in San Francisco on November 17 hosted by Piper Jaffray.
06:37 EDTHASDreamWorks competes with key Hasbro partner Disney, NY Times says
After multiple news outlets reported that Hasbro (HAS) was in talks about buying DreamWorks (DWA), The New York Times says that the toy maker holds very lucrative contracts with Disney (DIS), which views DreamWorks as a key competitor. Hasbro gets up to 30% of its revenue from products linked to Disney, the newspaper quoted some analysts as saying. Reference Link
November 13, 2014
16:36 EDTHASOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
12:44 EDTHASOn The Fly: Midday Wrap
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10:27 EDTHASHigh option volume stocks
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10:20 EDTMAT, HASDreamWorks rallies on reports of potential takeover, Sterne Agee skeptical
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09:08 EDTHASDreamWorks Animation purchase by Hasbro would be illogical, says Sterne Agee
After media outlets reported that DreamWorks (DWA) was in talks about selling itself to Hasbro (HAS), Sterne Agee sees no logic to such a transaction and does not expect the deal to occur. The firm doesn't see why Hasbro would pay 41% of its market cap for a company that is facing serious challenges. It keeps a $17 price target and Underperform rating on DreamWorks.
07:32 EDTHASDreamWorks Animation volatility flat into Hasbro in talks to acquire report
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07:25 EDTHASHasbro risk could be raised by Dreamworks deal, says Wells Fargo
After multiple media outlets reported that Hasbro (HAS) is in talks to buy DreamWorks Animation (DWA), Wells Fargo thinks the deal would expand Hasbro Studios' capabilities. However, the firm believes the deal could increase Hasbro's risk, given Dreamworks' mixed track record. The firm keeps an Outperform rating on Hasbro.
07:21 EDTHASHasbro volatility flat in advanced talks to acquire DreamWorks report
Hasbro (HAS) overall option implied volatility of 17 compares to its 26-week average of 18 according to Track Data, suggesting non-directional price movement into talks to buy DreamWorks Animation (DWA), New York Times reports.
07:01 EDTHASHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:29 EDTHAS, MATMattel deal with DreamWorks likely not renewed with merger, says Wells Fargo
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06:09 EDTHASDreamWorks looking for $35 per share in takeover, Deadline reports
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05:52 EDTHASHasbro in advanced talks to acquire DreamWorks, NY Times reports
Hasbro (HAS) is in advanced talks to buy DreamWorks Animation (DWA) for a mix of cash and stock, New York Times reports, citing people briefed on the matter. DreamWorks CEO Jeffrey Katzenberg is seeking more than $30 per share, but the deal price is yet to be determined, the paper adds. Reference Link
November 12, 2014
15:03 EDTLFLeapFrog CFO Arthur buys 21K shares, director Rissman buys 25K
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