New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For KORS;NTWK;FOSL;AVP;BCS;ZIOP;VAL;LVLT;BYD;FB;QCOM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | all recent news | >>
October 20, 2014
13:10 EDTKORSSteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
12:03 EDTFBKing Digital launches Candy Crush Soda Saga worldwide on Facebook
Earlier today, King Digital Entertainment (KING) announced that Candy Crush Soda Saga, the sister title to hit game Candy Crush Saga, has launched worldwide on Facebook (FB). Candy Crush Soda Saga is the next iteration in the Candy Crush franchise, set in the world of the Candy Kingdom. Fans of the original hit can now switch and match their way through new dimensions of gameplay with exciting new graphics and features including game modes, candy combinations, gameplay mechanics and more. Candy Crush Soda Saga is set to launch on mobile in the coming weeks.
11:42 EDTFBStocks with call strike movement; FB DAL
Subscribe for More Information
07:21 EDTBCSFederal Reserve Bank of New York and Boston to hold a workshop
Subscribe for More Information
October 17, 2014
16:01 EDTFBOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
October 16, 2014
12:52 EDTLVLTAkamai retreats after Wells cuts rating on traffic trends
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.
09:39 EDTFBActive equity options trading on open
Subscribe for More Information
08:42 EDTBCSUBS, DOJ in talks for forex rigging settlement, FT reports
Subscribe for More Information
06:50 EDTBCSEuropean regulator rejects bonus loophole, NY Times says
Subscribe for More Information
October 15, 2014
14:10 EDTBYDPennsylvania reports September gaming revenue down 2.2% to $239.5M
Subscribe for More Information
14:06 EDTBYDAtlantic City reports September gaming win down 12.8% to $209.4M
Subscribe for More Information
12:02 EDTFBStocks with call strike movement; FB WMB
Facebook (FB) March 80 call option implied volatility increased 4% to 80, Williams (WMB) February 57.5 call option implied volatility increased 5% to 41 according to IVolatility.
07:27 EDTBCSJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
Subscribe for More Information
07:20 EDTFBFacebook likely to beat Q3 expectations, says Oppenheimer
Subscribe for More Information
07:11 EDTFBFacebook should be bought into Q3 results, says Deutsche Bank
Subscribe for More Information
06:43 EDTFBFacebook, Samsung could collaborate to develop mobile content, Korea Times says
Subscribe for More Information
05:58 EDTQCOMCSR calls Qualcomm takeover offer 'very attractive outcome'
Subscribe for More Information
05:35 EDTQCOMQualcomm to acquire CSR for GBP 9.00 per share
Qualcomm (QCOM) announced that it has reached agreement with CSR plc (CSRE) regarding the terms of a recommended cash acquisition through which the entire issued and to be issued ordinary share capital of CSR will be acquired by Qualcomm Global Trading Pte. Ltd, an indirect wholly owned subsidiary of Qualcomm Incorporated. The acquisition complements Qualcomm's current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything, or IoE, and automotive infotainment, accelerating Qualcomm's presence and path to leadership. This opportunity is aligned with Qualcomm's established strategic priorities in these rapidly growing business areas. At GBP 9.00 per share, the acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately $2.5B. This cash offer has been unanimously recommended by the CSR board. The acquisition is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including the receipt of U.S. and other regulatory approvals and the approval of CSR's shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of the summer of 2015. Qualcomm expects the acquisition to be accretive to Non-GAAP EPS in FY16, the first full year of combined operations.
October 14, 2014
11:21 EDTFOSLFossil initiated with a Buy at Standpoint Research
Target $124.
10:01 EDTLVLTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
08:36 EDTLVLTLevel 3 upgraded to Buy from Hold at Gabelli
07:24 EDTQCOMIntel gains government ally in China with new deals, Reuters says
Subscribe for More Information
06:45 EDTBCSData says UK banks paid less than 40% to cover mis-selling, Reuters says
Subscribe for More Information
06:37 EDTQCOMUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
Subscribe for More Information
05:48 EDTKORSMichael Kors initiated with a Hold at Stifel
Subscribe for More Information
October 13, 2014
13:10 EDTFBGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:39 EDTFBActive equity options trading on open
Subscribe for More Information
07:15 EDTAVPNational Association of Corporate Directors to hold a conference
Subscribe for More Information
06:07 EDTAVPStocks with implied volatility above IV index mean; AVP ACHN
Subscribe for More Information
05:15 EDTFBFacebook, Ericsson, XL Axiata innovate to improve Indonesia network performance
Subscribe for More Information
October 12, 2014
17:20 EDTQCOMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information
October 10, 2014
16:02 EDTFBActionable Options for Friday, October, 10
Subscribe for More Information
10:49 EDTBYDHigh option volume stocks
Subscribe for More Information
10:07 EDTFBFacebook, peer-to-peer lending groups in discussions, The Information says
Subscribe for More Information
10:01 EDTAVPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:13 EDTBCSEBA says EU stress test results to be published October 26
Subscribe for More Information
07:57 EDTFBFacebook, India Telecom Minister discuss expanding in India, Economic Times says
Facebook CEO Mark Zuckerberg and India's Telecom Minister Ravi Shankar Prasad met to discuss expanding the reach of internet by using alternate technology, reports The Economic Times. According to sources, Facebook requested Prasad establish single point contact in his ministry for the alternative technology to which the minister immediately agreed. Reference Link
06:21 EDTAVPAvon Products upgraded to Neutral from Sell at UBS
Subscribe for More Information
05:59 EDTAVPStocks with implied volatility above IV index mean; AVP ACHN
Stocks with implied volatility above IV index mean; Avon Products (AVP) 61, Achillion (ACHN) 200 according to iVolatility.
October 9, 2014
16:00 EDTFBOptions Update; October 9, 2014
Subscribe for More Information
06:59 EDTFBFacebook has no imminent WhatsApp monetization goals, Reuters says
Subscribe for More Information
06:08 EDTAVPStocks with implied volatility above IV index mean; AVP ACHN
Stocks with implied volatility above IV index mean; Avon Products (AVP) 60, Achillion (ACHN) 195 according to iVolatility.
October 8, 2014
16:29 EDTVALU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:20 EDTVALValspar initiated with a Sector Perform at RBC Capital
Subscribe for More Information
16:01 EDTFBOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
13:34 EDTBCSBarclays to pay $20M to settle accusations over Libor manipulation, Reuters say
Barclays has agreed to pay $20M to resolve a U.S. class action lawsuit over Libor manipulation, reports Reuters, citing court papers filed Wednesday. The $19.98M settlement must be approved by a federal judge. Reference Link
09:38 EDTFBActive equity options trading on open
Subscribe for More Information
08:20 EDTQCOMQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
Subscribe for More Information
07:24 EDTFBFacebook feature allows advertisers to find clients via location
Subscribe for More Information
06:59 EDTBCSBarclays urges NY court to throw out fraud suit, Reuters says
Subscribe for More Information
06:00 EDTFBInstagram still most used social network for teens, says Piper Jaffray
Subscribe for More Information
05:58 EDTAVPStocks with implied volatility above IV index mean; AVP AMD
Subscribe for More Information
October 7, 2014
13:48 EDTFBFacebook to release anonymous chat application, NY Times reports
Subscribe for More Information
13:33 EDTFBGoogle executive says Google+ here to stay, Re/code reports
Subscribe for More Information
11:52 EDTAVPAvon Products volatility elevated as shares trade near 20-year low
Subscribe for More Information
11:35 EDTQCOMStocks with call strike movement; JPM QCOM
Subscribe for More Information
10:56 EDTAVPOptions with increasing implied volatility
Subscribe for More Information
10:18 EDTAVPHigh option volume stocks
Subscribe for More Information
09:42 EDTKORSMichael Kors mentioned positively at OTR Global
Subscribe for More Information
07:35 EDTBCSBarclays to hold a symposium
MedTalks Symposium: Healthcare From the Inside Out is being held in New York on October 7.
06:51 EDTBCSJustice Department set to attack more large banks by year end, NY Times says
Subscribe for More Information
06:43 EDTFBGM using Facebook, calls to reach out and get recalled cars fixed, AP reports
General Motors (GM) is using Facebook (FB) messages and phone calls to reach out to vehicle owners who have yet to bring in their cars the company has recalled, reports the Associated Press. CEO Mary Barra has also sent a personal letter urging people to get the switches replaced. Reference Link
06:03 EDTAVPStocks with implied volatility above IV index mean; AVP MNKD
Subscribe for More Information
October 6, 2014
16:00 EDTFBOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
13:47 EDTFBFacebook acquisition cost of WhatsApp increased to $22B from $19B, Reuters says
Subscribe for More Information
11:09 EDTAVPOptions with increasing implied volatility
Subscribe for More Information
09:46 EDTFBFacebook completes acquisition of WhatsApp
Subscribe for More Information
08:56 EDTFBFacebook's shuttle bus drivers look to join union, NY Times reports
Facebook shuttle bus drivers, complaining of grueling 15-hour workdays, are seeking representation by the Teamsters union, the New York Times reports. Reference Link
07:51 EDTBCSBofA/Merrill European banks analysts hold an analyst/industry conference call
Subscribe for More Information
06:49 EDTKORSMichael Kors global growth remains intact, says Piper Jaffray
Subscribe for More Information
06:43 EDTFBFacebook has obtained $2B in legal judgments against spammers
Subscribe for More Information
06:40 EDTFBHackers discover Facebook experimenting with Messenger payments, TechCrunch says
Hackers have discovered that Facebook is experimenting with payments in its Messenger app, TechCrunch reports. It is unclear whether Facebook will monetize Messenger by charging a small fee for money transfers, or would offer the functionality for free to drive usage of the standalone Messenger app. Reference Link
<< 1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use