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Stock Market & Financial Investment News

News For ITMN;BIG;WCG;FISV;KSU From The Last 14 Days
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May 28, 2015
15:25 EDTBIGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Frontline (FRO), consensus 18c... Big Lots (BIG), consensus 59c... Genesco (GCO), consensus 67c.
15:09 EDTBIGBig Lots technical notes ahead of results
The shares hit a life high in November of last year and since that time have had a difficult time holding the $50 area. This has lead to a topping action in the chart, with price having corrected down to support at the $45 area. A breakdown below $42.50 on bearish news would threaten the long-term uptrend in price. Next supports below would be at $41.23, and $39.14. On a positive surprise, first significant resistance would be at the $47.50 area and then the life high and 52-week high at $51.75. With over 15% of the float short as of the last available report, a positive surprise is likely to see strong buy-to-cover demand in a small trading float. That could see price exceeded on the upside, opening up the potential for a run to the $52.50 to $55 area. The stock has a history of extreme price reactions and gaps in price around earnings news.
08:18 EDTBIGBig Lots volatility elevated into Q1 and outlook
Big Lots June call option implied volatility is at 45, July is at 36; compared to its 52-week range of 23 to 47, suggesting larger near term price movement into the expected release of Q1 results on May 29.
May 18, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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07:56 EDTKSUKansas City Southern downgraded due to lower volumes at BofA/Merrill
As previously reported, BofA/Merrill downgraded Kansas City Southern to Neutral from Buy and lowered its price target to $97 from $116. The firm said Kansas City Southern already pulled guidance and Q2 carloads to date are down 7%, versus its 1% growth forecast and coal carloads are down 44%, below its forecast of down 7%, due to large customer. Luminent, being virtually shut-down due to low natural gas prices.
06:47 EDTKSUKansas City Southern downgraded to Neutral from Buy at BofA/Merrill
May 15, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
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07:32 EDTWCGWellCare valuation compelling after selloff, says Leerink
Leerink views the valuation of WellCare shares as compelling following the company's "solid" Q1 results. The firm reiterates an Outperform rating on the stock with a $105 price target.
07:31 EDTKSUKansas City Southern downgraded at Credit Suisse
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06:09 EDTKSUKansas City Southern downgraded to Neutral from Outperform at Credit Suisse
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May 14, 2015
09:19 EDTKSUKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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09:10 EDTKSUKansas City Southern to reevaluate providing revenue, volume guidance in 2016
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09:05 EDTKSUKansas City Southern board authorizes $500M share repurchase program
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09:05 EDTKSUKansas City Southern withdrawing 2015 revenue, volume guidance
On May 14, at the Bank of America Merrill Lynch Transportation Conference, Kansas City Southern EVP and CFO, Michael W. Upchurch, will provide a business update. As noted in Upchurch’s presentation, the company is withdrawing its 2015 revenue and volume guidance primarily due to the uncertainty around energy-related markets, foreign exchange impacts, and U.S. fuel prices. The company is reiterating its operating ratio target of low-60s by 2017.

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