|
|
News Breaks | | | | February 15, 2013 | | 12:27 EDT |  | LOGM, KRFT, HLF, SAAS, SJM, FOLD, QLIK, CPB | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite a better than expected University of Michigan Consumer Confidence reading and amid options expirations. The averages continue to move in a narrow range, as they have ever since the S&P 500 surpassed the 1,500 level... ECONOMIC EVENTS: The New York Fed's February Empire State Manufacturing survey unexpectedly rose to 10.0 from last month's -7.78 reading. Forecast were for a -2.0 reading. The U.S. Treasury International Capital report showed foreigners bought a net $64.2B in U.S. long term assets in December. U.S. industrial production fell 0.1% in January, versus expectations for growth of 0.2%. The preliminary University of Michigan Consumer Confidence reading for February was 76.3, versus the expected 74.8... COMPANY NEWS: Share of Herbalife (HLF) jumped over 11% after Carl Icahn disclosed he has taken a stake of about 13% in the company, which has been a short target of Pershing Square's Bill Ackman. Icahn's disclosure, in which he said that he will talk with Herbalife management about business and strategic alternatives to enhance shareholder value, comes three weeks after the public feud between himself and Ackman on CNBC... A number of companies in the Food Processing industry reported earnings or issued guidance this morning after many stocks in the sector were higher yesterday following Berkshire's (BRK.A) acquisition of Heinz (HNZ). Campbell Soup (CPB) and JM Smucker (SJM) advanced modestly following their quarterly reports, while Kraft Foods (KRFT) shares were nearly unchanged after it issued guidance... MAJOR MOVERS: Among the notable gainers following their earnings reports were Qlik Technologies (QLIK) and InContact (SAAS), which both rose about 17%. Among the noteworthy losers was LogMeIn (LOGM), which fell nearly 29% after its disappointing results and guidance prompted multiple analyst downgrades. Also lower were shares of Amicus Theraputics (FOLD), down 23% after it presented additional data from a study of one of its drugs... INDICES: Near noon, the Dow was down 14.13, or 0.10%, to 13,959.26; the Nasdaq was down 4.53, or 0.14%, to 3,194.13; and the S&P 500 was down 2.67, or 0.18%, to 1,518.71. | |
|
News For HLF;CPB;SJM;KRFT;QLIK;SAAS;LOGM;FOLD From The Last 14 Days Check below for free stories on HLF;CPB;SJM;KRFT;QLIK;SAAS;LOGM;FOLD the last two weeks. |
|
|
| May 17, 2013 | | 08:10 EDT |  | QLIK | Qlik Technologies data remains positive, says BMO Capital
After conducting checks, BMO Capital believes that data points for Qlik and the business intelligence 2.0 sector remain positive. The firm thinks the company will benefit from several big trends, and it keeps an Outperform rating on the stock. | | | May 16, 2013 | | 07:01 EDT |  | SAAS | inContact selected by new prescription fulfillment service
inContact announced that a fast-growing prescription fulfillment service selected inContact to support more than 300 contact center agents to fulfill inbound customer orders. | | | May 15, 2013 | | 17:26 EDT | | HLF | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 16:55 EDT | | KRFT | Berkshire Hathaway gives quarterly update on stakes
 Subscribe for More Information | | | 16:48 EDT | | HLF | Icahn gives quarterly update on stakes
Subscribe for More Information | | | 07:35 EDT |  | LOGM | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link | | | 07:15 EDT | | SAAS | inContact management to meet with Benchmark Co.
Meeting to be held in Denver on May 22 hosted by Benchmark Co. | | | May 10, 2013 | | 12:56 EDT | | HLF | Carl Icahn says shares of Herbalife should be selling a lot higher
| | | 06:26 EDT |  | HLF | Dan Loeb confirms out of Herbalife stake, NY Post reports
Subscribe for More Information | | | May 9, 2013 | | 16:18 EDT |  | FOLD | Amicus Theraputics reports Q1 EPS (35c), consensus (33c)
Subscribe for More Information | | | | 14:40 EDT | | HLF | Dan Loeb has no position in Herbalife, CNBC reports
| | | May 7, 2013 | | 18:51 EDT | | HLF | On The Fly: After Hours Movers
UP AFTER EARNINGS: WebMD (WBMD), up 14%... Electronic Arts (EA), up 8.4%... Whole Foods (WFM), up 8.4%. ALSO HIGHER: Pioneer Southwest (PSE), up 19.3% after receiving a buyout offer from Pioneer Natural (PXD)... Anthera Pharmaceuticals (ANTH), up 5.4% after announcing additional data from a phase 2 trial... Herbalife (HLF), up 1.1% after Carl Icahn increased his stake in the company to 16.48%. DOWN AFTER EARNINGS: Rubicon (RBCN), down 16.2%... Symantec (SYMC), down 5.9%... ValueClick (VCLK), down 15.5%. ALSO LOWER: CA Technologies (CA), down 4.9% after reporting earnings, saying it would take $150M charge in FY14... Cobalt (CIE), down 6.7% after filing to sell 50M shares of common stock for holders... 3D Systems (DDD), down 6.9% after filing $500M mixed securities shelf. | | | 17:18 EDT | | HLF | Carl Icahn raises stake in Herbalife to 16.48% from 15.55%
Subscribe for More Information | | | 15:23 EDT | | HLF | Sohn conference presentations likely to move stocks again
The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage. | | | 09:00 EDT |  | HLF | Herbalife volatility at low end of eight-month range
Subscribe for More Information | | | 05:53 EDT | | HLF | Stocks with implied volatility movement; LINE HLF
Subscribe for More Information | | | May 6, 2013 | | 12:07 EDT | | HLF | Options with decreasing implied volatility: PBI BMC SWI HLF WTW
| | | 08:29 EDT | | QLIK | Qlik Technologies acquires NComVA, terms not disclosed
Qlik Technologies has acquired NComVA AB, a Swedish company specializing in advanced visualization technology. This acquisition expands QlikTech’s expertise and capabilities in advanced visualization and analysis to pair with its associative approach to delivering a deeper understanding of data, especially when multiple data sources are analyzed together. | | | 07:21 EDT | | KRFT | Kraft Foods price target raised to $60 from $52 at Jefferies
Subscribe for More Information | |
|
|
|
|
|
|
