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Stock Market & Financial Investment News

News Breaks
July 11, 2014
09:09 EDTQCOR, RDN, GPS, RAI, FNMA, ISLE, MTG, RCII, LO, QCOM, FAST, CUDA, WFC, FMCCOn The Fly: Pre-market Movers
HIGHER: Lorillard (LO) up 5% after confirming talks with Reynolds (RAI) about a potential merger. Reynolds shares are also up 1.2% following the news... Barracuda Networks (CUDA), up 2.5% after reporting better than expected earnings. LOWER: Wells Fargo (WFC), down 1% after reporting Q2 earnings that matched estimates... Rent-A-Center (RCII), down 12% following its Q2 profit warning... MGIC Investment (MTG), down 15% and Radian Group (RDN), down 7% following FHFA's proposal to tighten capital rules for private mortgage insurance companies that insure mortgage loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC)... Fifth Street Finance (FSC), down 4% after filing to sell 13.25M shares of common stock... Fastenal (FAST), down 3% after Q2 revenue misses consensus... Qualcomm (QCOM), down 1% after downgraded at Goldman... Gap (GPS), down 1.4% after reporting its June same-store sales fell 2%... Isle of Capri (ISLE), down 10.5% after CFO Black to leave company... Questcor (QCOR), down 1% after NY Times reports on the company's disclosure of Acthar adverse effects data.
News For LO;RAI;WFC;RCII;GPS;CUDA;MTG;RDN;FAST;ISLE;QCOR;QCOM;FNMA;FMCC From The Last 14 Days
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August 21, 2015
10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
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09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
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August 20, 2015
18:13 EDTGPSGap says FY16 currency headwinds may be the same as FY15
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17:03 EDTGPSGap sees Q3-end inventory dollars per store down slightly year-over-year
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17:02 EDTGPSGap sees FY15 net new company-operated stores about flat
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16:05 EDTGPSGap backs FY15 EPS view of $2.75-$2.80, consensus $2.73
Gap reaffirmed its full-year EPS guidance to be in the range of $2.75-$2.80 for FY15, excluding the negative impact associated with the strategic actions. The company updated its estimate of the charges associated with the strategic actions to approximately $130M-$140M, from the previously announced range of $140M-$160M. This guidance is provided to enhance visibility into the company's expectations regarding its ongoing business, excluding the strategic actions. Gap continues to expect operating margin, excluding the impact associated with the strategic actions, to be down about 1 percentage point in FY15 compared with FY14.
16:03 EDTGPSGap reports Q2 SSS down 2%
Comparable sales by global brand for Q2 were as follows: Gap Global: negative 6% versus negative 5% last year; Banana Republic Global: negative 4% versus flat last year; Old Navy Global: positive 3% versus positive 4% last year.
16:01 EDTGPSGap reports Q2 EPS ex-items 64c, consensus 64c
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14:42 EDTGPSNotable companies reporting after market close
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14:37 EDTGPSGap technical comments ahead of earnings
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05:48 EDTWFCStocks with implied volatility movement; WFC XLI
Stocks with implied volatility movement; Wells Fargo (WFC) 16, Industrial Select Sector SPDR (XLI) 18 according to iVolatility.
August 19, 2015
10:47 EDTRDNRadian Group management to meet with MKM Partners
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07:34 EDTGPSGap August volatility elevated into Q2 and outlook
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06:18 EDTQCOMQualcomm exec among casualties in midair plane crash, AP reports
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August 18, 2015
17:35 EDTWFCWells Fargo to build additional car loan branches, Reuters says
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10:00 EDTGPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
09:51 EDTCUDAFireEye called top-tier security vendor in new upgrade
Shares of FireEye (FEYE) are getting a boost after Imperial Capital highlighted the company's "significant progress" when upgrading its rating on the name. California-based FireEye is a provider of cybersecurity solutions. UPGRADE: Imperial Capital analyst Michael Kim upgraded FireEye to Outperform from In-Line this morning in a note to investors, citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Ramping global adoption of the company's platform has made FireEye a top-tier security vendor, Kim argues. He raised his price target for shares to $55 from $45.50. NOT ALONE: Kim is not alone in recommending stocks in the cybersecurity space. Analysts at Piper Jaffray and Wells Fargo last week highlighted security names that they view as attractive investments. CyberArk Software (CYBR), Barracuda Networks (CUDA) and Fortinet (FTNT) were among the stocks recommended by the firms. Piper Jaffray analyst Andrew Nowinski said the recent pullback in the sector is an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda, CyberArk, Fortinet and Palo Alto Networks (PANW), he told investors last week. Wells Fargo analyst Gray Powell last week upgraded Israel-based CyberArk to Outperform from Market Perform saying the company's billings growth as well as its sales and marketing efficiencies are "exceeding peers by a wide margin. HACKS CONTINUE: High-profile cyber attacks continue with the Internal Revenue Service yesterday raising the number of accounts that were compromised in a data breach earlier this year. In May, the IRS revealed that 114,000 tax accounts through its "Get Transcript" application were exposed to thieves. Yesterday, the agency said a recent review revealed approximately 220,000 additional tax accounts may have been breached, bringing the total number of victims up to 334,000. Shares of FireEye are up 56c to $44.21 in early trading. CyberArk is up 13c to $60.06 while Proofpoint (PFPT), a company focused on securing email communication, is up 16c to $65.06.
05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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August 17, 2015
17:08 EDTGPSGap initiated with an Underperform at Wolfe Research
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14:27 EDTCUDAIRS says cyber attack larger than originally thought, AP says
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