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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:02 EDTSYMC, JCPStocks with implied volatility below IV index mean; JCP SYMC
Stocks with implied volatility below IV index mean; J.C. Penney (JCP) 59, Symantec (SYMC) 29 according to iVolatility.
News For JCP;SYMC From The Last 14 Days
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February 9, 2016
17:44 EDTJCPJ.C. Penney sued by Burberry over alleged patent infringement, Reuters says
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February 8, 2016
13:03 EDTJCPKohl's replaces J.C. Penney as Academy Awards retail sponsor, Fortune says
Kohl's (KSS) will become the sole retail sponsor of the upcoming Academy Awards, replacing J.C. Penney (JCP), which ended its Oscar partnership after 14 years last year, Fortune reports. Kohl's is attempting to increase the visibility and fashion credibility of its private apparel brands and is aiming to showcase its big names, including Sonoma, which is expected to relaunch after the Oscars, the report says. Reference Link
February 5, 2016
09:19 EDTSYMCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 6.9%... Symantec (SYMC), up 9.1%... Ubiquiti (UBNT), up 20.2%... Lumentum (LITE), up 7.5%. DOWN AFTER EARNINGS: Tableau Software (DATA), down 42.8%... LinkedIn (LNKD), down 35.6%... Outerwall (OUTR), down 19.9%... Sierra Wireless (SWIR), down 24.4%... Deckers Outdoor (DECK), down 12.7%... Hanesbrands (HBI), down 13.3%. ALSO LOWER: LinnCo (LNCO), down 65% after announcing exploration of strategic alternatives... Linn Energy (LINE), down 59.2% after announcing exploration of strategic alternatives... Quotient (QTNT), down 17.9% after 4.44M share Secondary priced at $9.00... Hess (HES), down 10.2% after 25M share Spot Secondary priced at $39.00.
09:02 EDTSYMCSymantec gaps up following better than expected results
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08:02 EDTJCPJ.C. Penney pursues sale of home office campus
J.C. Penney announced that it is pursuing the potential sale and partial leaseback of its Home Office building in Plano, Texas as part of an ongoing effort to reduce outstanding debt and effectively manage expenses. A combination of favorable market conditions and a surplus of available square footage within the building make this an attractive real estate opportunity for the company. It is expected that the cost of leasing space within the building would be offset by a reduction in maintenance costs, property taxes and interest expense as a result of paying down debt with proceeds from the transaction. CBRE Capital Markets has been selected to market the 1.8 million-square-foot, Class A office campus located in Legacy Business Park in Plano, Texas. The new owner will have the opportunity to market over 650,000 square feet of contiguous space within the coveted Legacy West submarket. These actions follow a decision in 2014 to contribute a significant portion of fringe land around the Home Office to a joint venture with a team of developers.
07:29 EDTSYMCOptions expected to be active
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06:18 EDTSYMCSymantec volatility elevated into Q3 and $500M investment by Silver Lake
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February 4, 2016
19:30 EDTSYMCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
16:45 EDTSYMCSymantec up 8% to $20.74 after Q3 results, Silver Lake investment
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16:11 EDTSYMCKen Hao named to Symantec board
In conjunction with Silver Lake's investment, Ken Hao, managing partner of Silver Lake, will be appointed to Symantec's Board of Directors, effective at the close of the investment. With Hao's appointment, the Symantec Board will be comprised of ten directors, nine of whom are independent.
16:09 EDTSYMCSymantec sees Q4 adjusted EPS 24c-27c, consensus 25c
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16:08 EDTSYMCSymantec reports Q3 adjusted EPS 26c, consensus 24c
Reports Q3 revenue $909M, consensus $905.81M.
16:08 EDTSYMCSymantec targets cost savings of about $400M by end of FY18
16:07 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
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16:05 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
14:35 EDTSYMCNotable companies reporting after market close
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10:28 EDTJCPKohl's slumps after cutting forecast on lower than planned sales, margins
Shares of Kohl's (KSS) are plunging after the department store retailer cut its earnings per share guidance for fiscal year 2015 based on lower than planned sales for the quarter and "significantly" lower gross margins. WHAT'S NEW: Kohl's said this morning that comparable store sales for the fourth quarter increased 0.4%, with total quarterly sales rising 0.8%. The company said that despite a "very strong" holiday selling season, sales were "very volatile and less than planned" in the quarter. Additionally, Kohl's said the holiday season results were offset by a "very slow start" to Q4 in November as well as a weaker than expected January due to soft demand for cold-weather goods that led to lower store traffic. Looking ahead, Kohl's cut its FY15 EPS view to $3.95-$4.00, excluding losses from debt repayment, against analysts' consensus estimate of $4.30. Kohl's previously expected FY15 EPS to be at the low end of its $4.40-$4.60 range. Kohl's said it lowered its guidance as a result of lower than expected quarterly sales and "significantly lower than planned" gross margin. Kohl's is expected to report Q4 results on February 25. WHAT'S NOTABLE: Kohl's is considering whether to hire an investment bank to advise the company on alternatives including going private or a break up, The Wall Street Journal reported on January 11, citing a source. Kohl's executives are said to be open to a strategic review, the source said. ALSO NOTABLE: Retailer Ralph Lauren (RL) this morning said that while international net revenue grew 6% in constant currency in its third quarter, North America revenue declined 4%, due in part to warmer temperatures for the fall and holiday season. ANALYST OPINIONS: Buckingham yesterday upgraded Kohl's to Buy from Neutral, as the firm expected Kohl's SSS to rise by a low single digit percentage level in Q4. Analysts at Stifel said on January 11 that Kohl's could be worth as much as $95 in a takeover. PRICE ACTION: Kohl's is down over 14% to $43.72 in morning trading. OTHERS TO WATCH: Ralph Lauren is down over 17.5% to trade near $95 per share. Department store peers Macy's (M) and J.C. Penney (JCP) are down 3% and 2%, respectively, this morning.
February 2, 2016
06:55 EDTJCPPiper reiterates J.C. Penney as top pick for 2016
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February 1, 2016
12:27 EDTSYMCOptions with increasing put volume
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10:08 EDTSYMCHigh option volume stocks
High option volume stocks: NOK HLT NCLH DF GALE VMW DPS SYY SYMC PGR
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