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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:25 EDTMATMattel July volatility elevated into Q2 and outlook
Mattel July call option implied volatility is at 40, August is at 23, October is at 20; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 17.
News For MAT From The Last 14 Days
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October 2, 2014
04:42 EDTMATMattel upgraded to Market Perform from Underperform at BMO Capital
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September 29, 2014
10:00 EDTMATOn The Fly: Analyst Downgrade Summary
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09:22 EDTMATMattel downgraded to Neutral from Buy at MKM Partners
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06:59 EDTMATMattel downgraded to Neutral from Buy at MKM Partners
September 26, 2014
16:55 EDTMATMarket ends week lower after inversion crackdown, mixed data
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September 25, 2014
08:22 EDTMATMattel loses key Disney license to Hasbro, says BMO Capital
BMO Capital views Hasbro's (HAS) announcement of a deal Disney (DIS) to acquire the global toys rights to produce and sell dolls based on Disney Princess property starting in 2016 as a negative for Mattel (MAT). BMO says Matte currently holds the Disney Princess doll license, and that its expected to generate about $600M in 2014. The firm estimates the license currently contributes $0.30, or 15%, to Mattel's annual earnings. BMO has an Underperform rating on Mattel with a $31 price target.
September 24, 2014
16:22 EDTMATOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed that sales of new homes rose to their highest level in over six years in August. The volume and news flow were relatively light, which may be the case again tomorrow as many market participants celebrate the Jewish holiday of Rosh Hashanah. ECONOMIC EVENTS: In the U.S., new home sales rose 18.0% in August to a 504K unit rate, which was much higher than the expected 4.4% increase. COMPANY NEWS: Bed Bath & Beyond (BBBY) advanced $4.64, or 7.4%, to $67.33 after the home goods retailer last night reported second quarter earnings and revenue that surpassed analysts' consensus estimates. The better than expected report and rise in the stock comes a day after William Blair downgraded the stock yesterday morning... Citizen Financial (CFG), the U.S. retail bank unit of Royal Bank of Scotland (RBS), became the year's second largest IPO behind Alibaba (BABA) after 140M shares began trading on the NYSE this morning. The stock ended it first day up $1.58, or 7.35%, at $23.08, which was far cry from the advance seen by another of the day's new stock debuts. CyberArk (CYBR) priced 5.36M shares at $16.00, opened for trade at $25.00 and ended the day at $29.94, making for a rise of over 87% from its IPO pricing. MAJOR MOVERS: Among the notable gainers was Acorda Therapeutics (ACOR), which advanced $8.27, or 28.18%, to $37.62 after the company agreed to acquire Civitas Therapeutics for $525M in cash. Civitas, which was private, had been scheduled to come public via an IPO that was expected to happen later this week prior to the deal announcement. Also higher was Hasbro (HAS), which rose $2.01, or 3.8%, to $54.95 after striking a deal that gives the company global rights, excluding Japan, to develop dolls based on Disney's (DIS) princess characters, as well as Frozen, beginning in 2016. Mattel (MAT), which currently holds those rights, slid 40c, or 1.25%, to $31.67 in the wake of the news. Also lower were shares of Skechers (SKX), which fell $5.69, or 9.8%, to $52.40 after research firm SportscanInfo reported that the footwear maker's sales had fallen 3% last week. However, Sterne Agee recommended buying the stock on the weakness. INDEXES: The Dow rose 154.19, or 0.9%, to 17,210.06, the Nasdaq gained 46.53, or 1.03%, to 4,555.22, and the S&P 500 added 15.53, or 0.78%, to 1,998.30.

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