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Stock Market & Financial Investment News

News Breaks
August 22, 2014
16:42 EDTLB, CRM, EBAY, FDO, HPQ, FL, HTZ, PETM, DG, GME, AEO, RAX, DLTR, FCS, IRF, ISIL, IFNNY, ONNN, SMTCMarket 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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February 18, 2015
10:02 EDTHPQe.Digital Corporation files patent infringement lawsuits against HP, others
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08:28 EDTRAXRackspace price target raised to $57-$60 from $50-$52 at Wells Fargo
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08:19 EDTRAXRackspace upgraded following Q4 results at Pacific Crest
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07:53 EDTCRMSalesforce.com Q4 closed well, says Oppenheimer
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06:21 EDTRAXRackspace upgraded to Outperform from Sector Perform at Pacific Crest
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06:15 EDTHPQHP Q1 sales should be in-line despite currency, says Citigroup
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February 17, 2015
18:36 EDTRAXOn The Fly: After Hours Movers
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18:17 EDTHTZ, RAX, DGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
18:06 EDTDG, FDOPaulson & Co gives quarterly update on stakes
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17:06 EDTEBAY, HTZIcahn gives quarterly update on stakes, takes new stake in Manitowoc
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16:17 EDTRAXRackspace falls after earnings, levels to watch
Shares are down over 6% in the extended session to $46.85 following results. At that price next support is at $45.51. Resistance is at $47.29.
16:04 EDTRAXRackspace sees FY15 revenue $2B-$2.1B, consensus $2.08B
Sees FY15 revenue to grow between 14%-18% on a constant currency basis. Based on foreign currency movements to date, Rackspace anticipates a 200 basis point headwind to revenue growth for the full year of 2015, resulting in GAAP revenue in the range of $2.0B-$2.1B. The company expects adjusted EBITDA margins to be between 33%-36% for the year.
16:03 EDTRAXRackspace sees Q1 revenue $477M-$484M, consensus $490.51M
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16:02 EDTRAXRackspace reports Q4 EPS 26c, consensus 19c
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15:32 EDTRAXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
15:09 EDTRAXRackspace February 50 straddle priced for 8.4% movement into Q4
10:28 EDTRAXJANA Partners reports 5.6% passive stake in Rackspace
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09:19 EDTGMEDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:33 EDTRAXRackspace volatility elevated into Q4 and outlook
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07:23 EDTDLTRDollar Tree Q4 results likely to beat expectations, says Stifel
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