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April 28, 2014
11:05 EDTINFN, UA, SVU, TQNT, IRBTOptions with decreasing implied volatility: IRBT SVU INFN TQNT UA
News For IRBT;SVU;INFN;TQNT;UA From The Last 14 Days
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November 25, 2015
08:36 EDTIRBTiRobot management to meet with Benchmark
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November 23, 2015
13:25 EDTUALululemon adds to gains as takeover speculation persists
Shares of Lululemon Athletica (LULU) rose in afternoon trading as speculation over a possible takeover by a larger rival persists, fueled by continued media mentions. WHAT'S NEW: On Friday, dealReporter credited a Thursday gain for Lululemon to "unsubstantiated rumors" that Under Armour (UA is seeking to make a $62 per share takeover bid for the yoga apparel maker. DealReporter said that Under Armour may not be the best fit to acquire Lululemon based on differences in branding, marketing and culture, but said that Nike (NKE) would be a better fit to take over the apparel company, since it is in the "right position at the right time" to make such a deal work, contacts told The Fly. WHAT'S NOTABLE: Three days after dealReporter commented on the rumors, the New York Post said today that there was "plenty of chatter" that Lulu and Under Armour were in discussions over a possible deal, noting that the latter company has been "actively seeking" growth in the women's sportswear sector. The Post noted that Bloomberg Gadfly suggested that Nike should be spending $7.5B to acquire Lululemon instead of using that money for a $12B buyback. PRICE ACTION: In afternoon trading, Lululemon rallied 5% to $51.76. Over the past five days, Lululemon is up nearly 15%. Reference Link
November 20, 2015
16:17 EDTSVUSupervalu weighs sale of Save-A-Lot as alternative to spinoff, Reuters reports
Supervalu is considering an outright sale as an alternative to a spin-off of its discount grocery retail chain Save-A-Lot, Reuters reports, citing people familiar with the matter. Supervalu has fielded interest in Save-A-Lot from multiple private equity firms, and has explained that it will weigh offers once it registers the unit with regulators for a spin in early 2016, the sources said. Reference Link
16:02 EDTUAOptions Update; November 20, 2015
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15:45 EDTSVUSupervalu weighs sale of Save-A-Lot as alternative to spinoff, Reuters reports
09:36 EDTUANike, not Under Armour, should buy lululemon, dealReporter says
Lululemon (LULU) gained 3.6% yesterday, which dealReporter credits to "unsubstantiated rumors" that Under Armour (UA) was planning to make a $62 per share takeover bid. Given the differences in their branding, marketing, and culture, dealReporter said it is not sure such a deal would be a good fit, but added that it believes Nike (NKE) is in the "right position at the right time" to make such an acquisition of lululemon work, contacts tell The Fly.
November 18, 2015
07:28 EDTUAUnder Armour sell-off on Dick's Sporting worries overdone, says SunTrust
November 17, 2015
10:01 EDTUAUnder Armour, Nike slide after Dick's outlook misses expectations
Shares of Under Armour (UA) and Nike (NKE) slipped after Dick's Sporting Goods (DKS) provided guidance for the fourth quarter and fiscal 2015 that both missed consensus estimates. WHAT'S NEW: Dick's Sporting Goods reported Q3 adjusted earnings per share of 45c on revenue of $1.64B, mostly in-line with analyst estimates of 47c on revenues of $1.64B. The company guided for Q4 EPS of $1.10-$1.25, short of the consensus estimate of $1.43. Dick's also said it anticipates FY15 adjusted EPS of $2.85-$3.00, lower than current analyst expectations of $3.19. STREET RESEARCH: Following the report, Baird analyst Justin Kleber said that Dick's Sporting Goods is the "strongest player" in its segment, which should enable the company to grow its sector-leading 10% market share at the expense of smaller competitors. The analyst added that profitability for the company should improve as volumes increase and as the company leverages its store base to fulfill further orders. Kleber said that Dick's Sporting Goods' e-commerce business will be more profitable than its brick-and-mortar business by 2017. The analyst maintained a Neutral rating and $48 price target on Dick's Sporting Goods' stock. PRICE ACTION: In morning trading, Dick's Sporting Goods dropped 17.5% to $33.67, while supplier Under Armour fell 5.6% to $84.95 and Nike was down 2% to $121.08. Dick's peers fell as well, with Finish Line (FINL) dropping 1%, Foot Locker (FL) slid 1.3% and Cabela's (CAB) dipping marginally in morning trading.
November 16, 2015
11:48 EDTINFNInfinera management to meet with Needham
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November 11, 2015
17:07 EDTUAUnder Armour CEO upbeat on state of consumer
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11:56 EDTSVURoundy's surges after agreeing to be acquired by Kroger for $3.60 per share
Shares of Midwest supermarket chain Roundy's (RNDY) are surging after the company agreed to be acquired by Kroger (KR) for $3.60 per share in cash. WHAT'S NEW: Kroger this morning said it will buy Roundy's for $3.60 per share in cash. The terms of the agreement were unanimously approved by the boards of both companies. Kroger said it expects the merger to be slightly accretive to earnings in the first full year after closing, excluding merger-related expenses, and said the transaction won't impact its long-term net earnings per diluted share growth rate of 8%-11%, plus a growing dividend. Kroger said it plans to finance the transaction with debt, and refinance Roundy's existing debt of $646M based on market conditions. Kroger said Roundy's will be run as a subsidiary of Kroger, headed by "key members of Roundy's senior management team." No store closings are expected. In a statement, Robert Mariano, chairman of the board, president and chief executive officer of Roundy's, said, "We are excited about becoming part of The Kroger Co. This is a great win for our customers, communities, employees and our shareholders." WHAT'S NOTABLE: Roundy's also reported third quarter results that missed analysts' expectations. The company said Q3 adjusted earnings per share was (13c) on revenue of $979.91M, missing consensus estimates of (9c) and $979.91M, respectively. Same-store sales fell 3.4% in the quarter year-over-year. The company forecast fourth quarter adjusted EPS of (2c)-4c on revenue of $995M-$1.01B, versus analysts' consensus estimates of 2c and $1.02B, respectively. SSS are seen falling 2.5%-3.5% in Q4. Roundy's lowered its fiscal year 2015 adjusted EPS view to (12c)-(18c) from (6c)-(17c), below the consensus of (11c), and narrowed its revenue view for the year to $3.95B-$3.96B from $3.95B-$3.99B, short of analysts' consensus estimates of $3.98B. The company sees FY15 SSS down 2.9%-3.1%. Mariano commented that Q3 sales and EBITDA "did not meet our expectations," noting that the sales miss was primarily due to continued competitive store openings in our Wisconsin markets. PRICE ACTION: In late morning trading, Roundy's rose $1.39, or about 64%, to $3.58 on nearly twenty times its average daily trading volume. Including today's advance, the shares have gained approximately 8.7% over the past 12 months. Shares of Kroger are down 0.3% to $37.17. OTHERS TO WATCH: Other supermarket chains include Supervalu (SVU), down 1.5% and Weis Markets (WMK), down 0.9%.

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