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Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:21 EDTMTSL, EVOK, BOBE, BIDU, VISN, VMW, AMD, AMAG, CREE, NUAN, SMCI, GD, EAT, COH, MSI, IBMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Brinker International (EAT) up 8%... Super Micro Computer (SMCI), up 12.4%... Nuance (NUAN), up 8%... Cree (CREE), up 1%. ALSO HIGHER: VisionChina Media (VISN), up 46% after partnering with Baidu (BIDU) for digital television advertising... Evoke (EVOK) up 37% after intranasal metoclopramide found more effective in diabetics... DOWN AFTER EARNINGS: IBM (IBM), down 3.5%... Coach (COH), down 6.4%... AMD (AMD), down 7.7%... Motorola Solutions (MSI), down 8.3%... General Dynamics (GD), down 2%... Freeport-McMoRan (FCX), down 2%. ALSO LOWER: AMAG (AMAG), down 15.9% after receiving complete response letter from FDA for Feraheme sNDA... VMware (VMW), down 2.4% after acquiring AirWatch for $1.18B cash, $365M of installment payments... Bob Evans (BOBE), down 2% after lowering FY14 EPS outlook... MER Telemanagement (MTSL), down 18.3% after terminating agreement with SBC Communications.
News For IBM;MSI;COH;EAT;GD;SMCI;NUAN;CREE;AMAG;AMD;VMW;VISN;BIDU;BOBE;EVOK;MTSL From The Last 14 Days
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August 11, 2014
11:36 EDTNUANNuance technical comments ahead of results
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10:10 EDTBOBEBob Evans: Proxy firms concur in not recommending change in control at company
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08:48 EDTCREECree August volatility elevated into Q4 and outlook
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08:33 EDTIBMIBM acquires Lighthouse Security Group
IBM announced it has acquired the business operations of Lighthouse Security Group, LLC, a cloud security services provider. Lighthouse Security Group's Gateway platform protects identity and data. Lighthouse Security Group is a subsidiary of Lighthouse Computer Services, Inc. Financial terms were not disclosed.
08:01 EDTBOBESandell says ISS, Glass Lewis support board change at Bob Evans
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06:18 EDTCOHCitigroup comments on Coach takeover speculation
Citigroup notes Coach shares moved higher Friday amid speculation Kering could be interested in acquiring the company. Citi says Kering's stated acquisition strategy does not seem consistent with a potential takeover of Coach. Further, Citi believes Kering is unlikely to be able to finance such a large deal. It keeps a Neutral rating on Coach and a Buy rating on Kering.
06:18 EDTAMDAMD to release A68 chipsets in September, DigiTimes reports
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05:54 EDTCOHStocks with implied volatility movement; COH TKMR
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August 8, 2014
17:10 EDTCOHMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
13:17 EDTBOBEBob Evans refutes Sandell release, says ISS recommends four Sandell nominees
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11:23 EDTCOHCoach tests top of recent trading range, levels to watch
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10:27 EDTCOHCoach August calls active
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10:24 EDTCOHRumor: Coach strength attributed to takeover speculation
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10:00 EDTEATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
09:15 EDTVMWOn The Fly: Pre-market Movers
HIGHER: NVIDIA (NVDA), up 4.2%, upgraded at Needham following its better than expected Q2 results... Arista Networks (ANET), up 8%, upgraded at Citigroup following better than expected Q2 results, announcing an expanded strategic relationship with VMware (VMW)... Tekmira Pharmaceuticals (TKMR), up 17.5% after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on its TKM-Ebola treatment to a partial clinical hold... Gap (GPS), up 4.7% after July same-store sales rose 2%, company issues Q2 EPS outlook above the consensus estimate... lululemon (LULU), up 2.4% after founder agrees to sell half his stake to Advent for $845M. UP AFTER EARNINGS: SolarCity (SCTY), up 1%... Assured Guaranty (AGO), up 9%... MercadoLibre (MELI), up 13.6%. LOWER: Zynga (ZNGA), down 6% after lowering fiscal 2014 guidance... McDonald's (MCD), down 0.4% after Chinese supplier issue contributes to July comparable sales drop of 2.5%.
08:42 EDTBOBEISS recommends Bob Evans shareholders vote to elect Sandell nominees
Sandell Asset Management, one of the largest shareholders of Bob Evans Farms, announced that Institutional Shareholder Services has recommended that Bob Evans shareholders vote on the GOLD proxy card. The ISS recommends that Bob Evans shareholders “do not vote" on the company’s white proxy card. In reaching its conclusion, ISS acknowledged the serious lack of oversight and accountability demonstrated by the Bob Evans Board. ISS performed a detailed analysis of both sides’ positions and carefully considered, among other things, the company’s total shareholder return, operating performance and financial performance, as well as the strong experience and qualifications of Sandell’s nominees. ISS concluded that shareholders should vote on the GOLD proxy card.
08:32 EDTVMWVMware, others could benefit from increased cloud adoption, says Pacific Crest
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08:13 EDTVMWArista Networks, VMware enter strategic relationship
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06:44 EDTIBMNew IBM chip identifies patterns, NY Times says
IBM has developed a new type of computer chip that tries to imitate the pattern identifying powers of human brains, according to The New York Times. The chip could eventually perform calculations that today's supercomputers are not capable of, the newspaper added. Reference Link
06:29 EDTEATBrinker upgraded to Outperform from Market Perform at Raymond James
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