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Stock Market & Financial Investment News

News Breaks
August 22, 2014
16:42 EDTGME, AEO, RAX, DLTR, LB, CRM, EBAY, FDO, HPQ, FL, HTZ, PETM, DG, ONNN, SMTC, FCS, IRF, ISIL, IFNNYMarket finishes week higher on economic data, earnings
Stocks ended the week higher after several pieces of economic data beat expectations and investors cheered results from a number of companies, offsetting weak overseas economic data and somewhat hawkish statements from the Fed. MACRO NEWS: Weekly jobless claims, housing starts for July, a manufacturing index for July, existing home sales for July, and leading economic indicators for July all beat expectations... Overseas economic data was less upbeat, however, as purchasing managers' indexes for the euro zone and China came in below expectations... Minutes of the Fed's last meeting stated that some FOMC members believe that interest rates may have to be raised sooner than expected. Meanwhile, Fed Chairman Yellen reiterated in a speech today that the Fed's policy changes would be based on upcoming economic data. However, she did say that the FOMC s questioning the degree of slack in the economy. COMPANY NEWS: M&A news flow was strong against this week. German semiconductor company Infineon (IFNNY) agreed to buy its smaller peer, International Rectifier (IRF). Other names in the space, including Semtech (SMTC), Intersil (ISIL), Fairchild Semiconductor (FCS) and ON Semiconductor (ONNN), rose in sympathy... Dollar General (DG) made a $78.50 per share bid for Family Dollar (FDO), in an effort to trump a previous $74.50 per share bid for Family Dollar by Dollar Tree (DLTR). Family Dollar rejected Dollar General's offer based on antitrust concerns... PetSmart (PETM) announced that it would pursue strategic alternatives, including a potential sale of the company... The website The Information reported that eBay (EBAY) is considering spinning off its PayPal digital payments unit... Hedge fund Blue Harbour Group announced that it had obtained a 6.4% stake in cloud computing company Rackspace (RAX)... Carl Icahn disclosed an 8.5% stake in Hertz (HTZ), but the car rental company withdrew its fiscal 2014 guidance, saying that it expects its full-year results to be well below its previous guidance range... In earnings news, cloud computing company Salesforce.com (CRM), apparel retailers American Eage (AEO) Foot Locker (FL) and L Brands (LB), and video game retailer Gamestop (GME), were among the companies that rose after reporting their results. HP (HPQ) and PetSmart dropped slightly after reporting their results.
News For IFNNY;IRF;SMTC;ISIL;FCS;ONNN;DG;FDO;DLTR;PETM;EBAY;RAX;HTZ;CRM;AEO;FL;LB;GME;HPQ From The Last 14 Days
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April 15, 2015
06:56 EDTAEOAmerican Eagle initiated with a Buy at Guggenheim
Target $20.
05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
16:36 EDTLBL Brands price target raised to $102 from $91 at Piper Jaffray
Piper Jaffray raised its price target for L Brands to $102 after its teen survey indicated strength of the company's multi-category lifestyle brand. Piper keeps an Overweight rating on the name.
16:33 EDTSMTCSemtech divests defense & microwave business
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11:07 EDTEBAYStocks with call strike movement; EBAY RAD
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07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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05:25 EDTSMTCTowerJazz, Semtech announce production ramp of proprietary technology
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April 13, 2015
19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
16:18 EDTEBAYeBay announces executive appointments ahead of PayPal separation
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15:16 EDTGMEGameStop management to meet with Piper Jaffray
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12:42 EDTCRMFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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09:03 EDTEBAYeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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07:12 EDTEBAYeBay PayPal unit worth $39 per share alone, says Bernstein
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06:22 EDTLBGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 10, 2015
14:24 EDTEBAYPayPal lending practices being probed by CFPB
EBay's PayPal unit disclosed last night in a regulatory filing related to the companies' split that on August 7, 2013 and January 13, 2014, eBay, PayPal and certain wholly owned subsidiaries of PayPal received Civil Investigative Demands, or CIDs, from the Consumer Financial Protection Bureau, or CFPB, requesting that they provide testimony, produce documents and provide information relating primarily to the acquisition, management, and operation of its PayPal Credit products, including online credit products and services, advertising, loan origination, customer acquisition, servicing, debt collection, and complaints handling practices. "The CIDs could lead to an enforcement action and/or one or more significant consent orders, which may result in substantial costs, including legal fees, fines, penalties and remediation expenses. We are cooperating with the CFPB in connection with the CIDs and exploring whether we may be able to resolve these inquiries. Resolution of these inquiries could require us to make monetary payments to certain customers, pay fines and/or change the manner in which we operate the PayPal Credit products, which could adversely affect our financial results and results of operations," PayPal noted.
12:59 EDTEBAYPayPal lending practices being investigated by CFPB, DJ reports
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06:38 EDTHPQHP pullback brings attractive opportunity, says Citigroup
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05:57 EDTCRMSalesforce.com implied volatility of 27 at lower end of index mean range
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05:51 EDTHPQStocks with implied volatility movement; HPQ POT
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05:49 EDTHPQStocks with implied volatility movement; HP POT
Stocks with implied volatility movement; HP (HPQ) 23, Potash (POT) 25 according to iVolatility.
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