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Stock Market & Financial Investment News

News Breaks
March 1, 2013
07:30 EDTSWFT, AMLN, AVT, RSG, ONNN, JIVEHMG Strategy to host a summit
2013 Phoenix CIO Executive Leadership Summit is being held in Phoenix on March 1.
News For JIVE;RSG;AMLN;ONNN;AVT;SWFT From The Last 14 Days
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February 4, 2016
11:21 EDTSWFTOptions with increasing call volume; FMC HST XME RIO BHP PAY DNDK BSX ALLY SWFT
10:20 EDTAVTHigh option volume stocks: EPC DK DNKN TTWO AVT VHC RL ZBH BSX AGCO
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07:07 EDTAVTHMG Strategy is holding a summit
2016 Phoenix CIO Executive Leadership Summit is being held in Scottsdale, AZ on February 4.
February 1, 2016
10:15 EDTSWFTOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
January 29, 2016
07:10 EDTAVTAvnet remains well positioned despite macro impact, says Brean Capital
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06:34 EDTSWFTSwift board wrestles with CEO Moyes' borrowing, WSJ says
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January 28, 2016
11:18 EDTAVTOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
07:10 EDTAVTAvnet sees Q3 adjusted EPS 93c-$1.03, consensus $1.12
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07:08 EDTAVTAvnet reports Q2 adjusted EPS $1.22, consensus $1.25
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January 26, 2016
14:00 EDTSWFTSwift spikes after reporting Q4 earnings beat
Shares of trucking company Swift (SWFT) are rallying after reporting better-than-expected quarterly earnings on Monday evening. WHAT'S NEW: Swift reported fourth quarter earnings per share of 53c on revenue of $1.09B. Analysts were anticipating Q4 EPS of 47c on revenue of $1.12B. With its Q4 financial results, the company guided for fiscal 2016 EPS of $1.50-$1.60 against analyst estimates of $1.55. Swift attributed the earnings beat to strong operational execution, declining fuel prices, gains on equipment sales, and a better than anticipated tax rate. "We were able to generate year-over-year rate increases in our three largest reportable segments, despite difficult comparison quarters. Investments in our fleet technology are also beginning to pay off, with improved accident and workers' compensation trends, driver retention, and fuel efficiency in the quarter. We also realized improvements in our Intermodal container turns," the company said in a letter to investors. WHAT'S NOTABLE. In late September, the company slashed it fiscal 2015 EPS view to $1.43-$1.52 from $1.64-$1.74. At the time, the company blamed its reduced view, in part, on the additional carrying expense associated with the large volume of new tractors received late in the second quarter due to delivery delays, as well as a reduction in expected volumes of seasonal project business in Q4 of 2015 due to customers' recent logistical changes. A month later, with its third quarter results, the trucking company noted that as it moved into Q4, it would focus on improving utilization of its fleet. PRICE ACTION: Shares of Swift lost about 50% of their value in 2015 and closed Monday at $13.67. In Tuesday afternoon trading, shares of Swift are up over 19% to $16.31. OTHERS TO WATCH: Shares of other companies in the truck and logistics space are also up, including JB Hunt (JBHT), Hub Group (HUBG), Landstar System (LSTR), and Werner Enterprises (WERN).
January 25, 2016
19:28 EDTSWFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Swift Transportation (SWFT), up 5.4%... Sanmina (SANM), up 4.6%... Rambus (RMBS), up 6.6%. ALSO HIGHER: Aratana Therapeutics (PETX), up 12.9% after filing a New Animal Drug Application with the FDA... Relypsa (RLYP), up 16.5% after announcing results from Veltassa drug-drug interaction studies. LOWER: Centene (CNC), down 1.9% after announcing an internal search for six hard drives that are unaccounted for.
16:15 EDTSWFTSwift Transport sees FY16 EPS $1.50-$1.60, consensus $1.55
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16:13 EDTSWFTSwift Transport reports Q4 EPS 53c, consensus 47c
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14:29 EDTSWFTNotable companies reporting after market close
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11:24 EDTSWFTOptions with increasing volume
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10:56 EDTSWFTSwift Transport February volume and volatility increases into Q4 and outlook
Swift Transport February 13 and 14 calls are active on total call volume of 8,800 contracts (140 puts) suggesting traders taking positions for upside price movement suggesting large near term price movement into the expected release of Q4 results on January 26. February call option implied volatility is at 71, March is at 63; compared to its 52-week range of 25 to 69.
10:16 EDTSWFTHigh option volume stocks
High option volume stocks: IRM SWFT STLD AAN PKG NVRO PZZA SYY EDAP SSYS
January 22, 2016
09:29 EDTAVTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ABB (ABB) upgraded to Neutral from Sell at UBS... ACADIA (ACAD) upgraded to Overweight from Neutral at Piper Jaffray... ASML (ASML) upgraded to Hold from Sell at Deutsche Bank... Alaska Air (ALK) upgraded to Buy from Hold at Deutsche Bank... Arrow Electronics (ARW) upgraded to Buy from Neutral at Longbow... Avnet (AVT) upgraded to Buy from Neutral at Longbow... Avon Products (AVP) upgraded to Overweight from Neutral at Piper Jaffray... BankUnited (BKU) upgraded to Buy from Hold at Sandler O'Neill... Barclays (BCS) upgraded to Hold from Sell at Berenberg... Bristol-Myers (BMY) upgraded to Buy from Hold at Berenberg... CA Technologies (CA) upgraded to Buy from Neutral at Mizuho... CaixaBank (CAIXY) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Outperform from Sector Perform at RBC Capital... Cardinal Financial (CFNL) upgraded to Outperform from Market Perform at Keefe Bruyette... Columbia Sportswear (COLM) upgraded to Outperform at Baird... Dr Pepper Snapple (DPS) upgraded to Outperform from Underperform at CLSA... Gorman-Rupp (GRC) upgraded to Outperform from Neutral at Boenning & Scattergood... Independent Bank (INDB) upgraded to Buy from Neutral at Compass Point... JD.com (JD) upgraded to Buy from Neutral at Nomura... KeyCorp (KEY) upgraded to Overweight from Equal Weight at Stephens... Lincoln National (LNC) upgraded to Strong Buy from Outperform at Raymond James... Masco (MAS) upgraded to Outperform at Baird... MetLife (MET) upgraded to Strong Buy from Market Perform at Raymond James... Northern Trust (NTRS) upgraded to Buy from Hold at Sandler O'Neill... Pacific Continental (PCBK) upgraded to Outperform at Keefe Bruyette... Qualcomm (QCOM) upgraded to Outperform from Market Perform at Northland... SL Green Realty (SLG) upgraded to Buy from Neutral at SunTrust... SVB Financial (SIVB) upgraded to Overweight from Neutral at Piper Jaffray... SunPower (SPWR) upgraded to Overweight from Equal Weight at Barclays... WEX Inc. (WEX) upgraded to Outperform from Market Perform at Wells Fargo.
06:11 EDTAVTAvnet upgraded to Buy from Neutral at Longbow
Longbow analyst Shawn Harrison upgraded Avnet to Buy from Neutral with a $48 price target citing a compelling trough valuation for shares.

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