News Breaks |
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| February 28, 2013 |
| 12:30 EDT |  | BKS, BSFT, JCP, MNST, GRPN, PANL, SHLD | On The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday despite a weaker than expected estimate on gross domestic product growth. The futures had little reaction to the pre-market economic reports, which included the GDP revision along with personal consumption data and weekly jobless claims figures. The opening losses were minimal and barely lasted, as the market quickly reversed and moved into positive territory. The better than expected Chicago Purchasing Manager’s Index also had little effect, as the averages have remained in a narrow trading range though mostly higher since the open... ECONOMIC EVENTS: In the U.S., the estimate of fourth quarter economic growth was revised up from an annualized fall of 0.1% to a rise of 0.1%, though the increase was much smaller than the bump up to 0.5% growth that analysts had forecast. Personal consumption rose in the quarter by 2.1%, versus the expected increase of 2.3%. Initial jobless claims fell 22K to 344K in the final week of February, better than the expected decline to 360K. The Chicago PMI Business Barometer Index for February rose to 56.8, versus consensus calls for a 55.0 reading. In Asia stocks were broadly higher, particularly in Japan, after the Japanese government formally nominated Haruhiko Kuroda, an advocate of aggressive policy action, as the Governor of its central bank... COMPANY NEWS: A number of well known retailers saw their stocks decline following their earnings reports, headlined by J.C. Penney (JCP). The company reported a much wider than expected quarterly loss and said its same-store sales plunged 31.7% during the holiday quarter. Shares declined over 15% following the report. Another embattled department store, Sears (SHLD), saw its shares fall more than 5% after its own report... MAJOR MOVERS: Among the notable gainers following their earnings reports were Universal Display (PANL), which jumped 13%, Barnes & Noble (BKS), which rose over 7%, and Monster Beverage (MNST), which advanced nearly 6%. Among the noteworthy losers was Groupon (GRPN), which plummeted more than 19% after it unexpectedly reported a quarterly loss, guided to much worse than expected sales in the coming quarter and the stock was downgraded by at least three firms. Also sharply lower were shares of BroadSoft (BSFT), which dropped 28% after its stock was similarly downgraded by at least three firms following disappointing results and guidance... INDICES: Near noon, the Dow was up 6.32, or 0.04%, to 14,081.69; the Nasdaq was up 6.68, or 0.21%, to 3,168.94; and the S&P 500 was up 1.97, or 0.13%, to 1,517.96. |
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News For JCP;SHLD;GRPN;BSFT;PANL;MNST;BKS From The Last 14 Days Check below for free stories on JCP;SHLD;GRPN;BSFT;PANL;MNST;BKS the last two weeks. |
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| May 24, 2013 |
| 16:21 EDT | | SHLD | On The Fly: Closing Wrap
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| 13:18 EDT | | SHLD | On The Fly: Midday Wrap
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| 09:34 EDT |  | SHLD | Sears Holdings falls sharply after results, levels to watch
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| 09:25 EDT |  | SHLD | On The Fly: Pre-market Movers
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| May 23, 2013 |
| 18:54 EDT | | SHLD | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. |
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| 16:27 EDT | | SHLD | Sears Holdings spikes lower after earnings, first look
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| 16:24 EDT | | SHLD | Sears Holdings down $5.67, or 9.75%, to $52.50 after Q1 results disappoint
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| 16:21 EDT | | SHLD | Sears Holdings reports Q1 online business grew 20% from year ago
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| 16:19 EDT | | SHLD | Sears Holdings evaluating strategic alternatives for Protection Agreement unit
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| 16:18 EDT | | SHLD | Sears Holdings says had $481M in cash as of May 4
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| 16:17 EDT | | SHLD | Sears Holdings reports Q1 SSS down 3.6%
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| 16:17 EDT |  | SHLD | Sears Holdings reports Q1 adjusted EPS ($1.29), consensus (60c)
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| 15:24 EDT | | SHLD | Notable companies reporting after market close
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| 14:58 EDT |  | JCP | J.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement. |
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| 10:10 EDT |  | PANL | Google Glass reportedly to use Samsung OLED displays, SlashGear says
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| May 22, 2013 |
| 16:12 EDT | | JCP | J.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29. |
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| 15:25 EDT | | SHLD | Notable companies reporting before tomorrow's open
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| 15:05 EDT | | SHLD | Sears Holdings June 57 straddle priced for 12.6% movement into Q1
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| 10:00 EDT |  | MNST | On The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James. |
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| 06:28 EDT | | MNST | Monster Beverage initiated with an Outperform at BMO Capital
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