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News Breaks | | | | January 10, 2013 | | 16:30 EDT |  | BV, NOK, HLF, MCP, SVU, ELLI, ZLC, F | On The Fly: Closing Wrap
Stocks on Wall Street finished higher after U.S. weekly jobless claims came in slightly worse than expected, while export data from China beat expectations. In spite of the data, released last night and this morning, the markets drifted near the flat-line for much of the session before running higher into the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Herbalife (HLF) made a lengthy presentation to defend itself following Bill Ackman's own lengthy presentation in which he laid out his short thesis and called the company a pyramid scheme. Herbalife shares briefly traded higher as the investor event was ongoing, but finished the day down 71c, or 1.78%, at $39.24... Ford (F) shares rose 36c, or 2.67%, to $13.83 after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) gained $43c, or 14.14%, to $3.47 after the company agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B. The company also reported a quarterly profit on sales that were roughly in-line with expectations... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), up 70c, or 18.67%, to $4.45 after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher was Zale (ZLC), up 49c, or 11.69%, to $4.68 after reporting holiday period SSS up 2.3% and saying that it expects positive net income for FY13. Among the noteworthy losers was Molycorp (MCP), down $2.45, or 22.71%, to $8.34 after forecasting lower than expected 2013 revenue and cash flow, and Bazaarvoice (BV), which fell sharply and settled down $1.41, or 15.84%, to $7.49 after the Department of Justice said it was filing an antitrust lawsuit against the company related to its June acquisition of PowerReviews. Also lower were shares of Ellie Mae (ELLI), down $2.26, or 8.21%, to $25.26 after the Consumer Finance Protection Agency said it would introduce new eligibility requirements for mortgages... INDICES: The Dow was up 80.71, or 0.60%, to 13,471.22; the Nasdaq was up 15.95, or 0.51%, to 3,121.76; and the S&P 500 was up 11.10, or 0.76%, to 1,472.12. | |
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News For HLF;F;SVU;NOK;ZLC;MCP;BV;ELLI From The Last 14 Days Check below for free stories on HLF;F;SVU;NOK;ZLC;MCP;BV;ELLI the last two weeks. |
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| May 24, 2013 | | 06:59 EDT |  | NOK | Nokia takes new actions in HTC patent dispute, AllThingsD says
 Subscribe for More Information | | | May 23, 2013 | | 11:35 EDT | | SVU | Harris Teeter among grocers being looked at by Cerberus, WSJ says
Subscribe for More Information | | | 10:17 EDT |  | NOK | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. | | | 09:55 EDT | | MCP | Industry sources: U.S. rare earth demand is improving, Metal Pages reports
Subscribe for More Information | | | 08:53 EDT |  | F | Pacer to benefit from improving auto industry, says BB&T
After U.S. automakers Ford (F) and Chrysler indicated that they would curtail their summer production breaks, BB&T expects Pacer (PACR) to benefit from a rebounding auto sector, as about 40% of its revenue comes from the sector, according to the firm. BB&T keeps a Buy rating on the stock. | | | May 22, 2013 | | 19:49 EDT | | F | Ford to close factory, plant in Australia, News Limited reports
Subscribe for More Information | | | 16:25 EDT | | ZLC | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 15:20 EDT |  | ZLC | Zale upgraded to Buy from Neutral at CL King
Subscribe for More Information | | | 12:20 EDT | | ZLC | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:00 EDT |  | ZLC | Zale rises 25%
Zale is up 25%, or $1.35, to $6.75 | | | | 11:06 EDT | | F | Auto industry rallies after Ford, Chrysler curtail summer breaks
Shares of Ford (F), Fiat (FIATY) and GM (GM) are climbing after Ford and Fiat's Chrysler subsidiary announced that they would curtail their factories' traditional two week summer hiatus. Shares of a number of auto parts makers are also advancing following the news. WHAT'S NEW: Ford said it would idle some of its plants for only one week this summer, down from the usual two weeks. Chrysler reported that it would keep three of its assembly plants open all summer, while four of its plants will close for just one week and almost all of its engine, transmission and stamping plants will not take any breaks, according to Automotive News. GM did not disclose its specific plans, the website added. TODAY'S PRICE ACTION: In mid-morning trading, Ford climbed 1.7% to $15.20, Fiat added 0.9% to $7.05, and GM rose 0.8% to $33.65. Among auto parts makers, American Axle (AXL) advanced 1.6% to $17, Johnson Controls (JCI) climbed 0.8% to $37.85, and Dana Holding (DAN) rose 1.2% to $18.80. | | | 10:00 EDT | | ZLC | Zale rises 34.4%
Zale is up 34.4%, or $1.86, to $7.26 | | | 09:30 EDT | | ZLC | Zale gaps up sharply following earnings beat, levels to watch
Shares are up over 34% at time of writing, last at $7.26. The company beat for its Q3 EPS, coming in with a gain of 13 cents, versus consensus of a loss of 2 cents. At current price, resistance is at $7.66, the 52-week high. Support is at $6.95. | | | 09:00 EDT | | ZLC | Zale rises 26.3%
Zale is up 26.3%, or $1.42, to $6.82 | | | 08:59 EDT | | ZLC | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:46 EDT | | F | Ford shares could rise 50% over next two years, Barron's says
Subscribe for More Information | | | 07:43 EDT |  | ZLC | Zale still expects positive 2013 EPS
Subscribe for More Information | | | 07:41 EDT | | ZLC | Zale reports Q3 EPS 13c, consensus (2c)
Subscribe for More Information | | | 06:31 EDT | | HLF | Icahn up $228M, Ackman down $10M on Herbalife, NY Post reports
Carl Icahn's long position in Herbalife (HLF) is up $228M while Bill Ackman's short position in the company is down $10M, New York Post reports. Reference Link | | | 05:36 EDT | | F | Ford raises N American capacity by 200K units, reduces summer shutdown, adds jobs
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