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Stock Market & Financial Investment News

News Breaks
May 20, 2014
16:27 EDTURBN, ARX, DKS, HD, TJX, RRGB, GM, SPLS, ICPT, CATOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and were never able to make it back to unchanged. There was little to lure buyers off the sidelines to buy, as the economic calendar remained quiet. Adding to the pressure was a speech by Philadelphia Fed President Charles Plosser, in which he mentioned the eventual raising of rates and the potential for that to come sooner than expected if the economy picks up steam. The retail sector led the losers following disappointing earnings reports from Dick’s Sporting Goods (DKS), Staples (SPLS), TJX (TJX) and Urban Outfitters (URBN). ECONOMIC EVENTS: In the U.S., no major economic data was released for the second day in a row. COMPANY NEWS: Home Depot (HD) led the few advancers on the Dow, rising $1.46, or 1.91%, to $77.96, after the company's earnings narrowly beat expectations and it raised its FY14 EPS view to come in-line with analyst consensus estimate. Caterpillar (CAT) was the weakest member of the blue chip index, sliding $3.83, or 3.63%, to $101.56, after it reported April dealer retail sales trends that weakened relative to March... General Motors (GM) shares fell $1.18, or 3.45%, to $33.07 after the company announced it is recalling an additional 2.42M vehicles in four separate U.S. recalls. The automaker added $200M to the charge it expects to take in Q2 related to its recalls, bringing the total potential charge up to $400M. MAJOR MOVERS: Among the notable gainers was Aeroflex (ARX), which rose $2.11, or 25.39%, to $10.42 after Cobham agreed to acquire the company for $10.50 per share in cash. Also higher was Red Robin Gourmet Burgers (RRGB), which advanced $7.95, or 12.45%, to $71.80 after its sales and profits beat expectations for its fiscal first quarter. Among the noteworthy losers was Dick's Sporting Goods, which fell $9.56, or 17.98%, to $43.60 after it issued a worse than expected outlook for the current quarter and fiscal year, pointing to weakness it sees continuing in its golf and hunting segments. Also lower were shares of Intercept Pharmaceuticals (ICPT), which fell $36.66, or 14.1%, to $223.34 as The Street reported that the company knew last January that a trial of its liver disease drug was halted partially due to patients' abnormal cholesterol levels, but did not disclose the information to investors. INDEXES: The Dow was down 137.55, or 0.83%, to 16,374.31, the Nasdaq was down 28.92, or 0.7%, to 4,096.89, and the S&P 500 was down 12.25, or 0.65%, to 1,872.83.
News For HD;CAT;GM;DKS;ICPT;RRGB;ARX;SPLS;TJX;URBN From The Last 14 Days
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November 17, 2014
14:31 EDTHDHome Depot November 99 straddle priced for 3.4% move into Q3
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14:25 EDTHDHome Depot technical notes ahead of earnings
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14:21 EDTHDEarnings Preview: Home Depot shares up over 17% since last earnings report
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12:38 EDTURBNUrban Outfitters technical comments ahead of earnings
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11:11 EDTURBNHigh option volume stocks:
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09:36 EDTHDActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
08:41 EDTHDHome Depot November volatility elevated into Q3 and outlook
Home Depot November call option implied volatility is at 38, December is at 21, January is at 20; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 18.
07:46 EDTURBNUrban Outfitters risk/reward remains attractive, says Brean Capital
Brean Capital said the risk/reward for Urban Outfitters remains attractive ahead of its Q3 results, with the firm citing the company's strong balance sheet, solid customer engagement, and potential for top and bottom line expansion. Brean Capital reiterated its Buy rating and $40 price target on Urban Outfitters shares.
07:05 EDTURBNUrban Outfitters volatility elevated into Q3 and outlook
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06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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15:22 EDTICPTIntercept CEO says company 'very well-positioned' in terms of balance sheet
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10:00 EDTURBN, HD, TJXOn The Fly: Analyst Downgrade Summary
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09:34 EDTHDHome Depot downgraded to Hold from Buy at Zelman
08:15 EDTTJXTJX downgraded to Sell at Canaccord
As reported previously, Canaccord downgraded TJX to Sell from Hold citing expectations for a deceleration of growth over the long term. The firm raised its price target on the stock, however, to $58 from $54.
07:32 EDTGMHayman Capital gives quarterly update on stakes
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06:36 EDTTJXTJX downgraded to Sell from Hold at Canaccord
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06:22 EDTSPLSStocks with implied volatility above IV index mean; SPLS SINA
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05:45 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Mizuho
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