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Stock Market & Financial Investment News

News Breaks
November 13, 2012
16:29 EDTHD, MSFT, MBI, BAC, GBX, AMD, TROX, AKSOn The Fly: Closing Wrap
Stocks on Wall Street were unable to rally after the major averages spent the majority of the day near their starting points. The U.S. reported its October federal budget at midday and the market met the data with a shrug. Dow member Cisco Systems (CSCO) is among those reporting earnings after today's close... ECONOMIC EVENTS: In the U.S., October's budget deficit grew to $120B from a $98.5B shortfall a month ago. Analysts forecast a $113B deficit for October. In Europe, euro-zone leaders failed to agree on the release of the latest round of aid for Greece, though the nation was granted a two-year extension by the EU to repay its current bailout loans... COMPANY NEWS: Home Depot (HD) reported better than expected earnings before the bell and outpaced all members of the Dow Jones Industrial Average, advancing $2.22, or 3.63%, to $63.38... Microsoft (MSFT) saw shares trade down 90c, or 3.22%, to $27.09 after the head of its Windows unit resigned, though Stifel Nicolaus suggested that the departure could help the company over the long term... Shares of MBIA (MBI) slipped $1.60, or 19.02%, to $6.81 after midday news broke that Bank of America (BAC) commenced a debt tender offer in a bid to stop MBIA from getting consent from bondholders to make certain changes to its bond covenants... MAJOR MOVERS: Among the notable gainers was Greenbrier (GBX), up $2.78, or 19.93%, to $16.73 after activist investor Carl Icahn reported a 9.99% stake in the company and called shares undervalued. Also higher were shares of Advanced Micro Devices (AMD), which spiked as high as $2.26 but closed up 10c, or 5.03%, at $2.09 after Reuters said the company has hired JPMorgan (JPM) to explore options potentially including the sale of patents or an outright sale of the company. Among the noteworthy losers was Tronox (TROX), down $3.54, or 18.91%, to $15.18 after the company reported Q3 earnings that missed consensus estimates, though the company's CEO said he sees sales increasing in 2013. Also lower were shares of AK Steel (AKS), down 96c, or 17.58%, to $4.50 after the company warned its Q4 losses are likely to be worse than analysts estimated... INDICES: The Dow lost 58.90, or 0.46%, to 12,756.18; the Nasdaq fell 20.37, or 0.70%, to 2,883.89; and the S&P 500 shed 5.50, or 0.40%, to 1,374.53.
News For HD;MSFT;MBI;BAC;GBX;AMD;TROX;AKS From The Last 14 Days
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August 19, 2014
09:07 EDTHDOn The Fly: Pre-market Movers
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07:35 EDTHDHome Depot exceptional results reinforce positive thesis, says RW Baird
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07:31 EDTHDHome Depot: Q2 spring seasonal businesses rebounded
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06:20 EDTBACBofA COO transfers, senior manager assumes role, Bloomberg says
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06:03 EDTHDHome Depot raises FY14 EPS to $4.52 from $4.42, consensus $4.41
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06:01 EDTHDHome Depot reports Q2 SSS up 5.8%; US comp sales up 6.4%
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06:01 EDTHDHome Depot reports Q2 EPS $1.52, consensus $1.45
Reports Q2 revenue $23.81B, consensus $23.61B
August 18, 2014
16:00 EDTHDOptions Update; August 18, 2014
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15:26 EDTHDNotable companies reporting before tomorrow's open
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14:49 EDTHDHome Depot August weekly 83.5 straddle priced for 2.3% move into Q2
14:32 EDTHDHome Depot technical notes ahead of earnings
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14:22 EDTHDHome Depot technical notes ahead of earnings
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14:14 EDTHDHome Depot technical notes ahead of earnings
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13:12 EDTMSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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11:39 EDTHDHome Depot weekly volatility elevated into Q2 and outlook
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11:25 EDTHDEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
10:29 EDTAMDGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTAMDSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
06:47 EDTBACU.S. banks consider Ireland fitting spot for EU divisions, FT says
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06:24 EDTHDOptions expected to be active
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