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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
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October 28, 2014
16:17 EDTCRAYCray reports Q3 EPS 25c, consensus (1c)
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08:30 EDTWTWWeight Watchers November volatility elevated into Q3 and outlook
Weight Watchers November call option implied volatility is at 83, December is at 59, January is at 52; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
07:41 EDTVSIVitamin Shoppe risk/reward looks reasonably attractive, says RW Baird
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October 27, 2014
19:04 EDTCRAYCray awarded $128M Supercomputer contract from the UK Met Office
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October 24, 2014
06:15 EDTVFCVF Corp. executive could become next Aldo Group CEO, WSJ reports
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October 23, 2014
17:04 EDTMTXMinerals Technologies reports Q3 ex-items EPS $1.25, consensus $1.07
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09:40 EDTWTWWeight Watchers Q3 estimates meaningfully ahead of consensus at ITG Research
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October 22, 2014
11:29 EDTCRAYCray management to meet with Sterne Agee
Group dinner to be held in San Francisco on October 29 hosted by Sterne Agee.
October 21, 2014
09:12 EDTGNCGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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October 20, 2014
17:26 EDTMWSAB Capital Advisors reports 5.1% passive stake in Men's Wearhouse
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14:46 EDTGNC, VSIVitamin Shoppe may hire adviser amid pressure for deal, Reuters says
Vitamin Shoppe (VSI), which has been urged by activist shareholders to consider a sale, is speaking to banks and may hire a financial adviser, according to Reuters, citing people familiar with the matter. Note that Reuters previously reported on September 18 that some large Vitamin Shoppe holders have urged the company to consider a sale to rival GNC Holdings (GNC) or to a private equity buyer. That same day, The Financial Times reported that GNC was considering a possible sale after receiving attention from private equity suitors. Following this latest report from Reuters, shares of Vitamin Shoppe are up 6.7% to $45.23 in afternoon trading, while GNC shares are up over 3% to $38.88. Reference Link
14:33 EDTVSIVitamin Shoppe up over 6%, near highs of session
14:21 EDTVSIVitamin Shoppe may appoint adviser as activist pressure continues, Reuters says
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10:44 EDTVFCVF Corp dips lower after Q3 earnings miss consensus expectations
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09:17 EDTVFCVF Corp. says 'on track' to add 150 new stores this year
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09:09 EDTVFCVF Corp. says 'on track' to achieve FY14 growth expectations
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07:03 EDTVFCVF Corp. raises FY14 EPS view to $3.08 from $3.06
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07:01 EDTVFCVF Corp. increases quarterly dividend 22% to 32c per share
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07:01 EDTVFCVF Corp. reports Q3 EPS $1.08, consensus $1.09
Reports Q3 revenue $3.5B, consensus $3.57B.
October 17, 2014
08:39 EDTVFCVF Corp. management to meet with JPMorgan
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