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Stock Market & Financial Investment News

News Breaks
March 14, 2014
16:22 EDTGMCR, ARO, SIRI, CELG, SBUX, LMCA, ULTAOn The Fly: Closing Wrap
Stocks on Wall Street were lower following another session dominated by headlines concerning the geopolitical situation. Stocks were lower early in the session following the lower than expected University of Michigan consumer confidence reading. The market moved in a narrow range and crossed back and forth across the flat-line several times. Investors remain on edge following several recent poor economic reports out of China and frequent remainders of the upcoming elections in the Ukraine on Sunday. ECONOMIC EVENTS: In the U.S., producer prices fell 0.1% overall in February, versus an expected increase of 0.2%. The core reading, which excludes food and energy, fell 0.2%, versus an expected increase of 0.1%. The Reuters/University of Michigan Consumer Sentiment Survey for March unexpectedly dropped to a four-month low of 79.9. The preliminary reading for the month was expected by analysts to have come in at 81.8, which would have been a slight bump from the prior 81.6 figure. In Europe, citizens of the Crimea region of the Ukraine are likely to vote to secede this weekend, even as Ukraine, the U.S and the European Union maintain that the vote is illegal. U.S. Secretary of State John Kerry said he was told that Vladimir Putin is not prepared to make any decision regarding Ukraine until after the country's referendum. COMPANY NEWS: Liberty Media (LMCA) shares gained $9.11, or 7.22%, to $135.25 after the company announced last night that it plans to reclassify its common stock into two tracking stocks, one called Liberty Media Group and the other called Liberty Broadband Group. Liberty President & CEO Greg Maffei called the move "another step in Liberty’s process of offering investors greater choice, transparency and focus." Liberty said in conjunction with the plan that it would drop plans to buy the rest of Sirius XM (SIRI), in which it currently holds a 53% stake in. Sirius XM had previously suspended its stock repurchase program in connection with Liberty Media's proposal and it announced today that it now intends to resume the repurchase plan. Shares of Sirius advanced 7c, or 2.08%, to $3.44 following the news. MAJOR MOVERS: Among the notable gainers was beauty retailer Ulta Salon (ULTA), which advanced $5.75, or 6.42%, to $95.26 after the company’s fourth quarter results beat estimates. Also higher were shares of single-serve coffee machine maker Keurig Green Mountain (GMCR), which rose $7.09, or 6.68%, to $113.25 after the company agreed to new terms in its deal with coffee giant Starbucks (SBUX). Among the noteworthy losers was teen retailer Aeropostale (ARO), which dropped $1.47, or 20.14%, to $5.83 after its fourth quarter results and first quarter outlook missed analysts' consensus expectations and the company entered a financing deal with private equity firm Sycamore Partners. Also lower were shares of drug maker Celgene (CELG), which dropped $6.59, or 4.22%, to $149.41 after the U.K.'s healthcare guidance body issued new draft guidance on the use of the company's Revlimid drug. INDEXES: The Dow fell 43.22, or 0.27%, to 16,065.67, the Nasdaq dropped 15.02, or 0.35%, to 4,245.40, and the S&P 500 declined 5.21, or 0.28%, to 1,841.13.
News For LMCA;SIRI;GMCR;SBUX;ARO;ULTA;CELG From The Last 14 Days
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August 27, 2015
16:05 EDTAROAeropostale reports Q2 adjusted EPS (56c), consensus (55c)
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16:03 EDTCELGCelgene completes acquisition of Receptos
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15:04 EDTULTAULTA Beauty September 160 straddle priced for 9.5% movement into Q2
14:58 EDTARO, ULTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
12:16 EDTULTAULTA Beauty technical notes before earnings news
Shares are trading up ahead of earnings, last at $161. If the news is bullish, resistance areas to watch would be at $165.33, $171.21, and the life high at $176.77. If there is a bearish surprise, the shares given the extension in price recently would be vulnerable. Support levels to watch would be at $158.05, $153.26, and $149.13. There has been a strong line of support at the $150 area, going back to March of this year.
09:17 EDTSIRISirius XM buyback announcement positive but expected, says FBR Capital
FBR Capital said Sirius XM's announcement last night of a $2B expansion of its buyback authorization is a positive, but is also consistent with the firm's expectations. FBR adds that the timing of the announcement suggests the company have been opportunistic with its repurchases during the recent pullback in the market. The firm keeps an Outperform rating on Sirius shares.
August 26, 2015
16:16 EDTSIRISirius XM adds a further $2B to stock repurchase program
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08:07 EDTULTAULTA Beauty should report solid Q2 results, says Baird
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08:05 EDTGMCRKeurig Green Mountain to bring illy brand to K-Cup pods for hot breweing system
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August 25, 2015
11:22 EDTULTAULTA Beauty volatility elevated into Q2 and outlook
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08:41 EDTULTAULTA Beauty to report above consensus Q2 results, says William Blair
William Blair analyst Daniel Hofkin predicts that ULTA Beauty will report Q2 earnings and comp-store sales above consensus estimates and said he views the current consensus forecast for Q3 comp sales and EPS as "reasonable." Hofkin maintains an Outperform rating on ULTA shares, stating that he views its valuation as defensible and he sees opportunities for the company to continue to gain "considerable" market share and exceed margin expectations.
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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07:31 EDTCELGCelgene announces expiration of tender offer for Receptos shares
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07:07 EDTAROAeropostale August weekly volatility elevated into Q2 and outlook
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August 24, 2015
18:55 EDTCELGOn The Fly: After Hours Movers
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18:52 EDTCELGJazz, Celgene, Shire up after USPTO rejects Acorda patent challenge
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18:02 EDTGMCRS&P 500 enters correction territory amid global growth concerns
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13:36 EDTCELGBiotech correction presents some opportunities, says RBC Capital
RBC Capital analyst Michael Yee said he won't try to pick the short-term bottom in biotech, but contends that any macro weakness in China shouldn't have any major impact to financials or fundamentals for the sector given their minimal exposure there. If the market continues to be volatile, Yee recommends a focus on names with defensive characteristics, such as higher margins and free cash flow yield, naming Amgen (AMGN), Celgene (CELG) and Gilead (GILD) as some examples. The analyst adds that he likes Vertex (VRTX) on the pullback for "more aggressive" growth investors. Yee has Outperform ratings on all of the stocks mentioned above.
August 23, 2015
12:35 EDTCELGBiotech firms could see 'billions' in sales from new cancer drugs, Barron's says
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August 21, 2015
05:51 EDTGMCRStocks with implied volatility below IV index mean; GMCR TEVA
Stocks with implied volatility below IV index mean; Teva (TEVA) 25, Keurig Green Mountain (GMCR) 39 according to iVolatility.
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