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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:30 EDTJCP, SHLD, GRPN, BSFT, PANL, MNST, BKSOn 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.
News For JCP;SHLD;GRPN;BSFT;PANL;MNST;BKS From The Last 14 Days
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September 12, 2014
08:03 EDTBKSBarnes & Noble 's NOOK Media signs multi-platform partnership with ESI Media
ESI Media and NOOK Media, LLC, a subsidiary of Barnes & Noble, announced they will be working together on a multi-platform partnership to build on the success of last year’s Get London Reading initiative. Designed to address low literacy rates in London schools, while highlighting NOOK’s commitment to making reading more accessible and affordable across the UK, it will include sponsorship of the Best Play accolade at the Evening Standard Theatre Awards and on-going support for the London Evening Standard Get London Reading campaign. This partnership builds on the success of last year’s support by NOOK of the London Evening Standard’s pioneering campaign to champion literacy amongst children. The joint campaign will include a free eBook offer and other special co-branded promotions, alongside display advertising campaigns across the Evening Standard’s print and digital platforms.
07:44 EDTJCPJ.C. Penney volatility low into company hosted analyst day
J.C. Penney September call option implied volatility is at 40, October is at 42, November is at 45, January and February is at 41; compared to its 26-week average of 53 according to Track Data suggesting decreasing price movement into a company hosted analyst day event on October 8.
September 11, 2014
11:07 EDTBKSOptions with decreasing implied volatility
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September 10, 2014
11:43 EDTSHLD, JCPLand's End soars after better than expected Q2 results
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11:22 EDTBKSOptions with decreasing implied volatility
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September 9, 2014
15:11 EDTGRPNGroupon confirms integration with Apple Pay
Groupon (GRPN) announced its integration with Apple Pay, Apple's (AAPL) new mobile payment system for iPhone 6 and iPhone 6 Plus. Groupon said it is one of the first mobile commerce companies to announce integration with Apple Pay, and the new payment option will be available to customers beginning in October.
13:58 EDTGRPNStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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12:02 EDTBKSOptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CIEN FNSR PAY BKS PVH NAV BYI FTR JOY
10:29 EDTBKSBarnes & Noble says third parties see value in NOOK assets
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10:18 EDTBKSBarnes & Noble says won't launch new bn.com in time for holiday season
Says "extremely happy" with Retail's Q1 performance, sees moderation of physical booksales decline. Says sees sales lift due to dispute between Amazon (AMZN) and Hachette. Regarding the launch of bn.com says making progress on development, but completion taking longer than expected. The company plans to launch the new site later this FY, but not in time for holiday season. Comments made on the Q1 earnings conference call.
08:37 EDTBKSBarnes & Noble's NOOK launched first co-branded tablet with Samsung
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08:33 EDTBKSBarnes & Noble sees FY15 college SSS to decline low-single digits
For FY15 the company continues to expect both Retail comparable bookstore sales and Retail Core comparable bookstore sales to decline in the low-single digits. College comparable store sales are also expected to decline in the low-single digits. The company expects full fiscal year EBITDA losses in the NOOK segment to decline versus the prior year.
08:32 EDTBKSBarnes & Noble says making progress on separation of Retail and NOOK Media
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08:32 EDTBKSBarnes & Noble reports Q1 EPS (56c), consensus (63c)
Reports Q1 revenue $1.2B, consensus $1.26B. “Core” comparable bookstore sales, which exclude sales of NOOK products, decreased 0.4% for the quarter. Comparable College store sales decreased 2.0% for the quarter, primarily impacted by the timing of the start of the back-to-school rush season as compared to last year. Comparable College store sales reflect the retail selling price of new or used textbooks when rented, rather than solely the rental fees received and amortized over the rental period. The NOOK segment had revenues of $70 million for the quarter, decreasing 54.3% from a year ago.
07:16 EDTJCPSterne Agee to hold a field trip
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06:29 EDTBKSBarnes & Noble results likely to highlight retail business strength, WSJ says
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September 8, 2014
15:43 EDTMNSTMonster Beverage asks court to block NY probe subpoena, Bloomberg says
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15:27 EDTBKSNotable companies reporting before tomorrow's open
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13:53 EDTBKSBarnes & Noble September volatility increases into Q1 and guidance
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11:15 EDTJCPJ.C. Penney volatility at 27-month low
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