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News For JCP;FSLR From The Last 14 Days Check below for free stories on JCP;FSLR the last two weeks. |
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| May 17, 2013 |
| 12:00 EDT |  | FSLR | Stocks with call strike movement; FSLR BBY
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| 10:55 EDT |  | JCP | J.C. Penney drops after results miss expectations
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| 09:48 EDT |  | JCP | J.C. Penney falls after earnings miss, levels to watch
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| 08:35 EDT |  | JCP | J.C. Penney reiterated as a Sell at Northcoast
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| 07:47 EDT | | JCP | J.C. Penney situation should only improve from here, says RW Baird
Baird believes there are several reasons why J.C. Penney's situation should only improve from here including better recent trends, prudent pricing and promotion, easy comps, and the re-introduction of in-demand product for fall. Baird maintains its Neutral rating and $19 price target pending further details on the company's new strategy. |
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| 07:11 EDT |  | JCP | J.C. Penney CEO says needs time to fix problems, Reuters reports
J.C. Penney CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, reports Reuters.Reference Link |
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| 06:28 EDT | | JCP | J.C. Penney CEO likely to make substantial progress, says Deutsche Bank
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| 06:27 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
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| 06:06 EDT | | JCP | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. |
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| 05:50 EDT | | JCP | J.C. Penney price target raised to $20 from $15 at Citigroup
Citigroup raised its price target for J.C. Penney to $20 following the company's Q1 results while keeping a Neutral rating on the stock. Citi says it is encouraged by new CEO Mike Ullman's strategic plan, which it expects will improve same-store-sales. |
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| May 16, 2013 |
| 18:56 EDT | | JCP | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. |
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| 18:03 EDT | | JCP | J.C. Penney says Q1 traffic down 6% vs. year ago
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| 16:42 EDT | | JCP | J.C. Penney down 30c, or 1.60%, to $18.49 after earnings miss estimates
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| 16:37 EDT | | JCP | J.C. Penney reports Q1 gross margin 30.8% of sales vs. 37.6% a year ago
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| 16:31 EDT |  | JCP | J.C. Penney reports Q1 adjusted EPS ($1.31), consensus (86c)
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| 15:14 EDT | | JCP | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. |
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| 13:52 EDT | | JCP | J.C. Penny May 19 straddle priced for 8% move into Q1
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| 11:40 EDT | | FSLR, JCP | Stocks with call strike movement; FSLR JCP
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| 08:00 EDT | | JCP | J.C. Penney shares more expensive than they look, says Wells Fargo
Although J.C. Penney's market cap is $4.2B, its enterprise value, including its net debt, is $7.4B, according to Wells Fargo. That is very similar to 2010 levels, when the retailer's EPS was $1.38, according to the firm. Wells notes that the stock would be trading at 15.1 times earnings even if the company generates $1.26 in EPS sometime in the future, and it keeps an Underperform rating on the shares. |
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| 05:55 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 15, 2013 |
| 11:55 EDT | | FSLR | Stocks with call strike movement; FSLR CLF
RT Options Scanner shows First Solar (FSLR) June 60 call option implied volatility decreased 3% to 57, Cliffs Natural (CLF) June 24 call option implied volatility increased 3% to 55 according to IVolatility. |
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| 11:45 EDT | | JCP | Stocks with call strike movement; JCP BBY
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| 08:48 EDT | | JCP | J.C. Penney recommended at Buckingham
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| 05:56 EDT | | JCP | J.C. Penney board supporting new CEO, not Ackman, NY Post reports
Bill Ackman has lost influence over J.C. Penney's (JCP) board after failing to quickly replace the company's new CEO Mike Ullman, New York Post reports, citing sources. Ackman approached a number of candidates about the position, including Foot Locker (FL) CEO Ken Hicks, but the board was not interested, the paper adds. Reference Link |
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| May 14, 2013 |
| 16:24 EDT | | JCP | J.C. Penney real estate appraised at $4.06B, Reuters says
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| 15:29 EDT | | JCP | J.C. Penney stores, real estate appraised at $4.06B, Reuters reports
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| 15:13 EDT | | JCP | J.C. Penny May 19 straddle priced for 8.5% move into Q1
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| 14:12 EDT |  | JCP | J.C. Penney upgraded to Neutral from Underperform at BofA/Merrill
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| 11:56 EDT | | FSLR | Stocks with call strike movement; FSLR CLF
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| 11:51 EDT | | JCP | Stocks with call strike movement; JCP BBY
J.C. Penney (JCP) June 21 call volatility increased 2% to 60, Best Buy (BBY) June 31 call option implied volatility decreased 2% to 59 according to IVolatility. |
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| 10:15 EDT | | FSLR | First Solar bearishly fills Monday's gap, levels to watch
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| 09:12 EDT | | JCP | J.C. Penney increases tender offer consideration to $1,400
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| 06:00 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
Stocks with implied volatility below IV index mean; IBM (IBM), First Solar (FSLR) according to IVolatility. |
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| May 13, 2013 |
| 11:57 EDT | | FSLR | Stocks with call strike movement; FLSR BBY
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| 11:30 EDT | | JCP | J.C. Penney May volatility elevated at 96 into Q1
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| 09:50 EDT | | JCP | J.C. Penney pops higher in early trading, levels to watch
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| 09:39 EDT | | FSLR | Active equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR |
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| 09:11 EDT | | JCP | J.C. Penney feedback indicates a sales pickup, sa Cleveland Research
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| 06:11 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 10, 2013 |
| 14:52 EDT |  | FSLR | Market poised to end week higher as tech helps lead advance
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| 13:26 EDT | | JCP | S&P assigns J.C. Penney term loan 'B' issue-level rating
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| 11:31 EDT | | FSLR | Stocks with call strike movement; FLSR BBY
First Solar (FSLR) June 60 call volatility decreased 2% to 58, Best Buy (BBY) June 28 up 2% to 60 call option implied volatility decreased 2% to 52 according to IVolatility. |
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| 10:00 EDT |  | JCP | On The Fly: Analyst Downgrade Summary
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| 07:25 EDT | | JCP | J.C. Penney downgraded to Sell from Neutral at Northcoast
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| 06:30 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
Stocks with implied volatility below IV index mean; IBM (IBM), First Solar (FSLR) according to IVolatility. |
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| May 9, 2013 |
| 06:04 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 8, 2013 |
| 17:01 EDT | | JCP | On The Fly: Closing Wrap
Stocks on Wall Street were higher again, pushing the Dow and S&P to new record levels. A late afternoon move down to the flatline made it seem like the recent winning streak was set to end, but the averages quickly reversed higher and closed firmly in positive ground. ECONOMIC EVENTS: In the U.S., the light economic calendar included MBA's report on mortgage applications, which were up 7%, and the EIA's petroleum status report, which showed crude oil inventories built up by less than was expected last week. In Europe, German industrial production increased 1.2% month-over-month in March, beating expectations for a 0.1% decline. In Asia, Chinese trade data showed exports climbed 14.7% in April, while imports were up 16.8%. However, some analysts expressed caution that the strong export gains should be viewed with some level of skepticism. COMPANY NEWS: Dow member Disney (DIS) beat expectations on the top and bottom line and price targets on the stock were raised at several firms, but shares slid 8c, or 0.12%, to $65.99... J.C. Penney (JCP) released preliminary Q1 results last night, including comparable store sales that were down 16.6% and revenue of $2.64B, which was below expectations. However, the results were enough to send shares of the heavily-shorted retailer up $1.21, or 7.38%, to $17.61. MAJOR MOVERS: Among the notable gainers was Whole Foods Market (WFM), up $9.39, or 10.12%, to $102.19 after earnings beat estimates, the company raised its full year outlook and announced a two-for-one stock split. Also higher were shares of Dex Media (DXM), up $2.84, or 20.71%, to $16.55 after Kyle Bass, presenting at the Sohn Investing Conference, said the company's stock could trade up to 5 times higher than current levels in 3 years. Among the noteworthy losers was Fusion-io (FIO), down $3.40, or 18.89%, to $14.60 after its CEO and chief marketing officer resigned and shares were downgraded by at least two analyst firms. Also lower following its earnings report was Zillow (Z), which fell $6.26, or 9.95%, to $56.68. INDICES: The Dow was up 48.92, or 0.32%, to 15,105.12; the Nasdaq was up 16.64, or 0.49%, to 3,413.27; and the S&P 500 was up 6.73, or 0.41%, to 1,632.69. |
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| 12:20 EDT | | JCP | On The Fly: Midday Wrap
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| 12:11 EDT | | JCP, FSLR | Stocks with call strike movement; FSLR JCP
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| 10:00 EDT | | JCP | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Buy from Neutral at Citigroup... IAMGOLD (IAG) upgraded to Buy from Hold at Canaccord... Lowe's (LOW) upgraded to Buy from Neutral at ISI Group... lululemon (LULU) upgraded to Buy from Neutral at Sterne Agee... Myriad Genetics (MYGN) upgraded to Buy from Neutral at Mizuho... Orion Marine (ORN) upgraded to Outperform from Market Perform at FBR Capital... Trex Company (TREX) upgraded to Buy from Hold at BB&T... U.S. Auto Parts (PRTS) upgraded to Buy from Neutral at Roth Capital... Electronic Arts (EA) upgraded to Neutral from Sell at Monness Crespi... Electro Scientific (ESIO) upgraded to Buy from Hold at Noble Financial... Darling (DAR) upgraded to Buy from Hold at Maxim... J.C. Penney (JCP) upgraded to Hold from Sell at Maxim... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Grupo Televisa (TV) upgraded to Overweight from Equal Weight at Morgan Stanley... Marathon Oil (MRO) upgraded to Outperform from Neutral at Macquarie... Sibanye Gold (SBGL) upgraded to Overweight from Neutral at JPMorgan... Carrols Restaurant (TAST) upgraded to Strong Buy from Outperform at Raymond James. |
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| 09:25 EDT | | JCP | J.C. Penney could generate signficant profits by 2016, says Buckingham
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| 08:57 EDT | | JCP | Follow-up: J.C. Penney upgraded to Hold from Sell at Maxim
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| 08:45 EDT | | JCP | J.C. Penney upgraded to Hold from Sell at Maxim
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| 08:33 EDT | | JCP | J.C. Penney estimates lowered on Q1 sales decline at Morgan Stanley
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| 06:10 EDT | | FSLR | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 7, 2013 |
| 16:54 EDT | | FSLR | On The Fly: Closing Wrap
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| 16:12 EDT | | JCP | J.C. Penney shares up 40c to $16.80 following Q1 sales results
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| 16:11 EDT | | JCP | J.C. Penney sees Q1 revenue $2.635B, consensus $2.74B
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| 16:10 EDT | | JCP | J.C. Penney sees Q1 SSS down 16.6%
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| 16:08 EDT | | JCP | J.C. Penney reports Q1 revenue $2.635B, consensus $2.74B
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| 16:01 EDT | | FSLR | Options Update; May 7, 2013
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| 15:23 EDT | | JCP | Sohn conference presentations likely to move stocks again
The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage. |
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| 11:37 EDT | | FSLR | Stocks with call strike movement; FSLR BBY
First Solar (FSLR) September 48 call volatility decreased 5% to 55, Best Buy (BBY) June 29 call option implied volatility increased 1% to 57 according to iVolatility. |
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| 10:28 EDT | | FSLR | Solar companies drop after First Solar report, outlook
Solar stocks are retreating after a leading company in the sector, First Solar (FSLR), reported lower than expected first quarter earnings per share and said that it would generate more earnings in the second half of 2013 than in the first half of the year. WHAT'S NEW: First Solar reported lower than expected EPS and said it expected its earnings to be higher in the second half of the year than in the first half due to the timing of revenue recognition from a number of projects. Previously the company had expected to generate higher earnings in the first half of the year. However, First Solar reaffirmed its previous fiscal 2013 EPS guidance range of $4.00-$4.50 and disclosed that it was working on "sizable" opportunities in Africa, ANALYST REACTION: In a note to investors this morning, Deutsche Bank analyst Vishal Shah wrote that First Solar's results and guidance were weak. Shah is concerned about First Solar's reliance on a strong second half performance to meet its 2013 guidance and he maintained a Hold rating on the stock. TODAY'S PRICE ACTION: In early trading, SunPower (SPWR) fell 5.7% to $15, Trina Solar (TSL) dropped 3.8% to $4.80, Canadian Solar (CSIQ) slumped 4.2% to $5.55 and First Solar tumbled 10% to $42.90. |
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| 10:00 EDT |  | JCP | On The Fly: Analyst Initiation Summary
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| 09:38 EDT | | FSLR | Active equity option families trading
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| 09:17 EDT | | FSLR | On The Fly: Pre-market Movers
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| 07:58 EDT | | JCP | J.C. Penney $9 price target reiterated at Morgan Stanley
Morgan Stanley said J.C. Penny's $1.75B debt facility secured by real estate primary shifts value to debt holders from stockholders. The analyst values J.C. Penny's real estate at approximately $12 per share but said valuation would be much lower in a distressed scenario and that ongoing losses outflows will erode the $12 value. The firm reiterates its Underweight rating and $9 price target and believes the only catalyst for shares is a a sales and operational recovery. |
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| 07:24 EDT | | FSLR | EU to tax imported solar panel equipment form China, WSJ reports
The EU is set to place import duties on solar panel equipment made in China, with a trade battle expected to follow, reports the Wall Street Journal. Reference Link |
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| 07:08 EDT | | FSLR | First Solar doesn't announce any new bookings, says Credit Suisse
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| 06:15 EDT | | JCP | J.C. Penney initiated with an Underperform at Wells Fargo
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| May 6, 2013 |
| 18:56 EDT | | FSLR | On The Fly: After Hours Movers
UP AFTER EARNINGS: MercadoLibre (MELI), up 10%... Santarus (SNTS), up 11.2%... BroadSoft (BSFT), up 8%. ALSO HIGHER: First Solar (FSLR), up 1.2% after reporting first quarter earnings, affirming its full-year guidance, and announcing plans to cut 150 employees this quarter. DOWN AFTER EARNINGS: Ruckus Wireless (RKUS), down 17%... Forest Oil (FST), down 4.2%. ALSO LOWER: Generac (GNRC), down 3.2% after filing to sell 9M shares of common stock for holders. |
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| 18:06 EDT | | FSLR | First Solar reaffirms FY13 guidance, announces reduction in force of about 150
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| 16:14 EDT | | FSLR | First Solar drops 3% to $46.50 after Q1 earnings miss estimates
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| 16:13 EDT | | FSLR | First Solar reaffirms 2013 guidance issued on April 9
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| 16:12 EDT | | FSLR | First Solar reports Q1 EPS 69c, consensus 75c
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| 16:03 EDT | | FSLR | Options Update; May 6, 2013
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| 15:44 EDT | | FSLR | First Solar May 47 weekly straddle priced for 11% move into Q1
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| 15:35 EDT | | FSLR | Notable companies reporting after market close
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| 13:06 EDT | | JCP | Stocks with call strike movement; BBY JCP
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| 12:59 EDT | | FSLR | Stocks with call strike movement; FSLR TRIP
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| 12:27 EDT | | FSLR | First Solar May weekly volatility elevated at 129 into Q1 and outlook
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| 09:38 EDT | | FSLR | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL FSLR NFLX GOOG |
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| 08:56 EDT | | JCP | J.C. Penney volatility at six-month lows
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