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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:30 EDTGRPN, PANL, SHLD, BKS, BSFT, JCP, MNSTOn 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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March 25, 2015
10:00 EDTGRPNOn The Fly: Analyst Upgrade Summary
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09:24 EDTGRPNOn The Fly: Pre-market Movers
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07:15 EDTGRPNGroupon upgraded to Buy from Hold at Wunderlich
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March 23, 2015
10:18 EDTSHLDSears Holdings volatility at low end of 44-month range as shares trend higher
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March 20, 2015
09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
March 18, 2015
16:49 EDTMNSTMonster Beverage names Mark Hall as Chief Marketing Officer
On March 12, Monster Energy entered into a letter agreement with Mark Hall. The Hall Agreement confirmed Hallís position change from Chief Brand Officer to Chief Marketing Officer of Monster Energy on a full-time basis, effective as of January 1, 2015.
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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12:35 EDTSHLDSears supply chain under pressure, WSJ says
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March 17, 2015
15:41 EDTJCPJ.C. Penney General Counsel Janet Dhillon leaving, Bloomberg says
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06:57 EDTJCPJ.C. Penney CMO leaves company, effective immediately, AdAge reports
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March 16, 2015
10:14 EDTBKSOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC

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