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Stock Market & Financial Investment News

News Breaks
February 14, 2014
16:33 EDTJOSB, GNC, WTW, RATE, CRAY, MTX, ACO, VFC, MW, VSIOn The Fly: Closing Wrap
Stocks on Wall Street were higher in a session that saw the Dow lead gains, with the blue-chip index logging a triple-digit advance. With today's gains, each of the indexes logged weekly gains better than 2% as the Dow and S&P continue to move back towards record highs. ECONOMIC EVENTS: In the U.S., import prices edged up 0.1% and export prices rose 0.2% in January. Industrial production fell 0.3% in January, versus expectations for it to have grown 0.3%. The preliminary February University of Michigan consumer confidence reading was unchanged from the final January figure at 81.2. In Europe, the eurozone's economy expanded at a 0.3% pace last quarter, versus analysts' consensus for expansion of 0.2%. COMPANY NEWS: Jos. A. Bank (JOSB) gained 20c, or 0.36%, to $55.12 announced a deal to buy Everest Holdings, the parent company of the Eddie Bauer brand, for cash and stock worth about $825M. Jos. A. Bank, which is also being pursued by peer Men's Wearhouse (MW), said the deal give it the right to terminate its agreement in the event an unsolicited offer is made that the company determines would "reasonably be expected to create greater value" for shareholders. Jos. A. Bank also said it will buy back 4.6M of its common shares, or 16.4% of its outstanding shares, if the Eddie Bauer deal moves forward. Afterward, Men's Wearhouse said will evaluate its options with regard to Jos. A. Bank, and shares of Men's Wearhouse fell $2.46, or 5.29%, to $44.07 following the news... Global apparel company VF Corp. (VFC) fell $3.04, or 5.08%, to $56.85 after its fourth quarter profit and sales fell short of estimates. The North Face, Timberland and Vans owner also cautioned on its fiscal 2014 results, giving a profit outlook that missed expectations and saying it sees 7%-8% revenue growth. MAJOR MOVERS: Among the notable gainers was AMCOL International (ACO), up $3.92, or 9.485, to $45.27 after Minerals Technologies (MTX) made a proposal to acquire the company for $42 per share in cash. On Wednesday of this week, AMCOL announced a merger agreement with Imerys S.A. worth $41 in cash per share of the company. Mineral Technologies, which said the deal would be immediately accretive to its earnings, saw shares edge up 32c, or 0.60%, to $53.40 for the session. Also higher following better than expected quarterly reports were supercomputer maker Cray (CRAY), up $11.69, or 39.01%, to $41.66 and personal finance publisher Bankrate (RATE), up $3.40, or 19.54%, to $20.80. Among the noteworthy losers was Weight Watchers (WTW), down $8.48, or 27.73%, to $22.10 after its fourth quarter profit missed expectations and the company sharply cut its fiscal 2014 earnings outlook. Also lower was health and wellness retailer GNC Holdings (GNC), down $7.67, or 14.64%, to $44.72 after cutting its fiscal 2014 profit outlook. GNC's vitamin peer Vitamin Shoppe (VSI) fell $2.61, or 5.90%, to $41.64 in sympathy. INDEXES: The Dow was up 126.80, or 0.79%, to 16,154.39; the S&P 500 was up 8.80, or 0.48%, to 1,838.63; the Nasdaq was up 3.35, or 0.08%, to 4,244.02.
News For JOSB;MW;VFC;ACO;MTX;CRAY;RATE;WTW;GNC;VSI From The Last 14 Days
Check below for free stories on JOSB;MW;VFC;ACO;MTX;CRAY;RATE;WTW;GNC;VSI the last two weeks.
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August 20, 2014
11:47 EDTWTWOptions with increasing implied volatilit
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08:51 EDTGNCGNC purchase of shares by chairman a vote of confidence, says Sterne Agee
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August 14, 2014
17:20 EDTGNCTrian Fund gives quarterly update on stakes
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August 13, 2014
16:15 EDTGNCGNC Holdings increases share repurchase authorization to $500M
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August 12, 2014
11:10 EDTACOHigh option volume stocks
High option volume stocks: ACM KATE ARO TKMR ODP ICPT GPI FENG LINTA NDLS
August 11, 2014
10:27 EDTGNC, VSIGNC rises after upgrade, Vitamin Shoppe seen as potential partner
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10:24 EDTCRAYCray management to meet with Sterne Agee
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10:19 EDTGNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
05:42 EDTGNC, VSIGNC Holdings upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded GNC Holdings (GNC) to Outperform citing valuation, its positive view of new CEO Michael Archbold, and the potential for an accretive acquisition of Vitamin Shoppe (VSI). The firm keeps a $43 price target for shares.
August 8, 2014
11:49 EDTMTXMinerals Technologies sees Q3 EPS $1.05-$1.10, may not compare to consensus 93c
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August 7, 2014
17:14 EDTMTXMinerals Technologies announces restructuring, 5% workforce reduction
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17:13 EDTMTXMinerals Technologies reports Q2 EPS 94c, consensus 74c
Reports Q2 revenue $421.1M, consensus $364.6M.
16:35 EDTRATEBankrate reports Q2 adjusted EPS 15c, consensus 15c
Reports Q2 revenue $130.7M, consensus $133.25M.
08:41 EDTMTXMinerals Technologies signs commercial agreement with N. American paper company
Minerals Technologies announced that it has signed another commercial agreement with a North American paper company to provide FulFill E-325 at a paper mill that produces woodfree paper. This marks Minerals Technologies' fifth such agreement in North America for the new, high-filler technology. The paper company wishes to remain unnamed for competitive reasons.

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