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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:30 EDTBKS, BSFT, JCP, MNST, GRPN, PANL, SHLDOn 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 Managerís 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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April 22, 2014
05:47 EDTJCPStocks with implied volatility movement; JCP CRM
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April 21, 2014
08:06 EDTMNSTMonster Beverage agrees to settle class action suit over Anheuser-Busch pact
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April 17, 2014
12:13 EDTSHLDSears director Thomas Tisch buys 475,000 shares
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12:00 EDTBKSBarnes & Noble falls 11.2%
Barnes & Noble is down 11.2%, or $2.08, to $16.52
10:00 EDTBKSBarnes & Noble falls 8.2%
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08:58 EDTBKSOn The Fly: Pre-market movers
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08:46 EDTBKSBarnes & Noble 3.7M share Block Trade priced at $18.30
Morgan Stanley acted as sole book running manager for the offering.
08:31 EDTBKSBarnes & Noble Chairman Riggio says sold 3.7M shares of stock
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April 14, 2014
08:53 EDTGRPNGroupon May volatility elevated at 74 into Q1 and outlook
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April 13, 2014
17:45 EDTSHLDLand's End shares could head lower, Barron's says
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April 11, 2014
14:26 EDTSHLD, JCPCBL & Associates expects more J.C. Penney closures
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10:56 EDTGRPNOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
April 10, 2014
09:34 EDTGRPNGroupon adds in-store coupons to Freebies category
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08:59 EDTMNSTMonster Beverage May volatility elevated at 38
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April 9, 2014
13:45 EDTBKSBarnes & Noble rises after report says Nook spin may now be more feasible
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13:09 EDTBKSBarnes & Noble shares up more than 3% after reports company will spin-off Nook
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