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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:19 EDTRHHBY, ITMN, EBAY, GSK, KING, AMZN, CSIQ, SNY, SEAS, MOn The Fly: Closing Wrap
Stocks on Wall Street began the day in positive territory despite weaker than expected retail sales figures for July. Oil hit a new 13 month low during the session, suggesting to investors that concerns about the flow of oil from the Middle East are muted despite the turmoil in Iraq and Israel. The market found its level about an hour and a half into trading and the averages moved in a narrow range for the remainder of the session, but the Nasdaq's drift higher managed to add 1% to the index by the time trading closed. ECONOMIC EVENTS: In the U.S., retail sales were flat in July, versus an expected 0.2% increase. If auto and gasoline data is removed, the core reading showed an increase of 0.1%, versus the expected 0.4% rise. Business inventories grew 0.4% in June, which was in-line with expectations. In Asia, a measure of new credit in China came in at $44.3B in July, marking its lowest monthly total since October 2008. China's industrial production grew 9.0% year-over-year in the month, versus expectations for 9.2% growth. Japan's second quarter GDP fell an annualized 6.8%, which was slightly better than the expectation for a 7% decline. COMPANY NEWS: Macy's (M) declined $3.29, or 5.51%, to $56.47 after the department store operator's second quarter sales and profits missed expectations. Macy's also lowered its fiscal year same-store sales growth forecast to 1.5%-2% from its previous 2.5%-3% view, but said it still expects FY14 earnings per share of $4.40-$4.50... Amazon.com (AMZN) advanced $6.96, or 2.18%, to $326.28 after the company launched "Amazon Local Register," a credit-card device and mobile app to help small business owners accept payments that will go head-to-head with competing systems from Square and eBay's (EBAY) PayPal unit. Additionally, research firm ChannelAdvisor reported that Amazon's July same-store-sales grew 40.4%, an increase compared to June's 34.4% growth rate. Meanwhile, the firm estimated eBay's July same-store-sales grew 9.7%, which was down from June’s 12.3% rate and below the e-commerce growth rate, and its shares slipped 49c, or 0.92%, to $52.94. MAJOR MOVERS: Among the notable gainers was Canadian Solar (CSIQ), which rose $6.06, or 24.27%, to $30.13 after the company reported better than expected second quarter results. Also higher was InterMune (ITMN), which jumped $6.57, or 14.44%, to $52.06 after Bloomberg said the company is working with its financial advisers to evaluate takeover bids it has received from Sanofi (SNY), Roche (RHHBY), GlaxoSmithKline (GSK) and Actelion (ALIOF). Among the noteworthy losers was theme park operator SeaWorld (SEAS), which dove $9.25, or 32.86%, to $18.90 after negative media attention contributed to lower than expected second quarter attendance and drove its earnings per share and revenue to miss expectations. Also lower were shares of social video game maker King Digital (KING), which was downgraded by at least five Street research firms and dropped $4.21, or 23.13%, to $13.99 after its quarterly revenue missed expectations and the company lowered its outlook for its fiscal 2014 growth rates. INDEXES: The Dow rose 91.26, or 0.55%, to 16,651.80, the Nasdaq gained 44.88, or 1.02%, to 4,434.13, and the S&P 500 added 12.97, or 0.67%, to 1,946.72.
News For M;AMZN;EBAY;SEAS;KING;ITMN;SNY;GSK;RHHBY;CSIQ From The Last 14 Days
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August 19, 2015
13:11 EDTCSIQCanadian Solar plummets after Q3 guidance, YieldCo comments
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10:14 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
09:53 EDTCSIQCanadian Solar tumbles, levels to watch
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09:19 EDTCSIQOn The Fly: Pre-market Movers
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09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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07:34 EDTCSIQCanadian Solar price target lowered to $40 from $45 at Canaccord
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August 18, 2015
18:32 EDTCSIQOn The Fly: After Hours Movers
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18:06 EDTAMZNAmazon tests 'Flex' package pickup service, GeekWire says
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16:15 EDTCSIQCanadian Solar falls on results
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16:07 EDTCSIQCanadian Solar sees FY15 shipments approximately 4.0 GW-4.3 GW
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16:06 EDTCSIQCanadian Solar sees FY15 revenue $2.8B-$3B, consensus $2.93B
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16:05 EDTCSIQCanadian Solar sees Q3 revenue $570M-$620M, consensus $669.32M
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16:05 EDTCSIQCanadian Solar sees Q3 shipments approximately 970MW-1,020MW
For the third quarter, the company expects total module shipments to be in the range of approximately 970MW to 1,020MW, including approximately 70MW of shipments to the Company's utility-scale solar projects that will not be recognized in third quarter 2015 revenue. Total revenue for the third quarter of 2015 is expected to be in the range of $570M-$620M, with gross margin expected to be between 12%-14%. The gross margin guidance for the third quarter is expected to be negatively impacted by the U.S. import duty on modules because module shipments to the U.S. are expected to increase significantly.
16:03 EDTCSIQCanadian Solar reports Q2 EPS 31c, may not compare to consensus 13c
Reports Q2 revenue $636.7M, consensus $592.5M. Total solar module shipments were 850 MW, of which 809 MW were recognized in revenue, compared to 1.03 GW recognized in revenue in the first quarter of 2015, and second quarter shipment guidance in the range of 950 GW to 1,000 GW.
16:00 EDTAMZNAmazon workplace policies making U.K. staff physically ill, Guardian says
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10:13 EDTKINGOptions with decreasing implied volatility
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09:02 EDTMMacy's to build new store in Salt Lake City
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06:39 EDTAMZNUSPS boosts same-day delivery to compete with FedEx, UPS, Amazon, WSJ says
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06:08 EDTEBAYeBay expected to announce sale of some of Snapdeal stake, Re/code reports
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