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News Breaks
July 22, 2014
11:07 EDTNI, HLF, PSEC, JOYOptions with increasing implied volatility: HLF JOY PSEC NI
News For HLF;JOY;PSEC;NI From The Last 14 Days
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October 13, 2015
07:39 EDTNINiSource downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded NiSource Neutral and maintained its $19 price target on shares. Analyst John Edwards said regulated utility's growth prospects are lower relative to MLP's.
October 12, 2015
05:36 EDTHLFStocks with implied volatility above IV index mean; LNKD HLF
Stocks with implied volatility above IV index mean; LinkedIn (LNKD) 52, Herbalife (HLF) 75 according to iVolatility.
October 8, 2015
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09:34 EDTHLFActive equity options trading on open
Active equity options trading on open: AAPL MTG FCX V TWTR PYPL JPM GOOGL TSLA GPRO HLF
05:20 EDTHLFStocks with implied volatility movement; SD HLF
Stocks with implied volatility movement; SandRidge Energy (SD) 160, Herbalife (HLF) 88 according to iVolatility.
October 7, 2015
12:31 EDTHLFNu Skin plummets after cutting Q3 revenue outlook
Shares of Nu Skin (NUS), a global direct selling company, are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: Tuesday after the bell, Nu Skin lowered its Q3 revenue view to $570M-$573M from $600M-$620M, well below analysts' consensus estimates of $621.55M. Foreign currency headwinds associated with the strengthening of the U.S. dollar negatively impacted revenue by more than $60M compared to the prior-year period. The revised revenue range is expected to represent continued improvement on a sequential basis, and the company continues to forecast constant-currency revenue growth in the fourth quarter of 2015 versus the prior year. WHAT'S NOTABLE: Truman Hunt, Nu Skin's Chief Executive Officer, noted, "Third quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China." Hunt continued, "Our third quarter results will be in-line with expectations, with the exception of the Greater China region. Revenue growth in the third quarter was particularly strong in South Asia/Pacific, where our first introduction of ageLOC Youth drove more than 20% growth in that region, or more than 40% on a constant-currency basis. Given the successful launch of ageLOC Youth in South Asia/Pacific, we look forward to the introduction of ageLOC Youth as well as ageLOC Me in most of our regions during the fourth quarter. We forecast year-over-year constant-currency revenue growth of between 7%-10% in the fourth quarter." ANALYST REACTION: Sentiment on the Street was cautious at midday. Research firm Stifel downgraded Nu Skin to Sell from Hold, citing the company's negative pre-announcement and its deteriorating trends in Greater China. Its price target for shares is $35. Another firm, Canaccord, noted that NuSkin pre-announced revenue numbers that were below guidance, which suggests softer trends in China and the long awaited sustainable turn in momentum has failed to materialize. The firm expects a new product cycle to help support the return to growth. Canaccord maintained its Hold rating and lowered its price target to $45 from $48 on NuSkin shares. PRICE ACTION: In midday trading, Nu Skin fell $12.13, or about 26%, to $34.45 on about six times its average daily trading volume. OTHERS TO WATCH: Other companies in the direct selling business include Herbalife (HLF), down 9.2%, Estee Lauder (EL), down fractionally, USANA Health Sciences (USNA) down 8.4%, Avon Products (AVP) up almost 8%, and Tupperware Brands (TUP), up 2.5%.
12:22 EDTHLFAckman's 'lots of new stuff' tease sinks Herbalife shares
Shares of Herbalife are moving lower after Bill Ackman of Pershing Square said yesterday at Bloomberg's Most Influential Summit that he has "lots of new stuff" on the company. Ackman continues to hold a large and high-profile short position in the name. The hedge fund manager told the Summit to "stay tuned" as he can't report the new information as this time. Investors reacted to the comments by pushing shares of the nutritional supplement retailer down 9%, or $5.05, to $53.23.
08:47 EDTHLFOptions expected to be active
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05:20 EDTHLFStocks with implied volatility above IV index mean; HLF FEYE
Stocks with implied volatility above IV index mean; Herbalife (HLF) 71, FireEye (FEYE) 67 according to iVolatility.
October 1, 2015
12:33 EDTJOYJoy Global management to meet with William Blair
Meetings to be held in California on October 6-7 hosted by William Blair.
05:30 EDTHLFStocks with implied volatility above IV index mean; P HLF
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September 30, 2015
19:12 EDTJOYOn The Fly: After Hours Movers
UP AFTER EARNINGS: 8Point3 Energy (CAFD), up 3.2%. ALSO HIGHER: PBF Energy (PBF), up 4.3% after announcing that it will acquire a Torrance, CA refinery from ExxonMobil (XOM)... Verisk Analytics (VRSK), up 5.2% after being added to the S&P 500. LOWER: Medgenics (MDGN), down 11.1% after filing to sell common stock... Concho Resources (CXO), down 4.4% after filing to sell 7M shares of common stock... Joy Global (JOY), down 2.2% after Verisk Analytics replaced the company in the S&P 500... Amicus Therapeutics (FOLD), down 1.7% after filing to sell 5.92M shares of common stock for holders.
18:07 EDTJOYS&P announces changes to the S&P 400, 500 indices
S&P 500 constituent Joy Global (JOY) will replace Thoratec (THOR) in the S&P MidCap 400, and Verisk Analytics (VRSK) will replace Joy Global in the S&P 500 after the close of trading on Wednesday, October 7. S&P 500 constituent St. Jude Medical (STJ) is acquiring Thoratec in a deal expected to be completed on or about that date, pending final approvals. Joy Global has a market capitalization more representative of the mid-cap market space.
17:19 EDTJOYJoy Global to replace Thoratec in S&P 400 as of 10/7 close
17:18 EDTJOYVerisk Analytics to replace Joy Global in S&P 500 as of 10/7 close
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September 29, 2015
09:26 EDTNIWolfe Research to hold a conference
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