New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 8, 2014
16:28 EDTIRG, TKMR, POST, MCD, NVDAOn The Fly: Closing Wrap
Stocks began the session in positive territory despite President Obama authorizing air strikes against the Islamic State militant group in northern Iraq in conjunction with a humanitarian effort. The early move higher stalled but the market then moved higher as reports confirmed that Russian military aircraft exercises near the Ukraine border had ended, as planned. ECONOMIC EVENTS: In the U.S., productivity growth rose 2.5% in the second quarter, beating expectations for a rise of 1.6%. Second quarter unit labor costs, however, only increased 0.6%, which was below the 1% consensus forecast. Wholesale inventories increased 0.3% in June, and sales were up 0.2%, which were both below expectations. COMPANY NEWS: Shares of McDonald's (MCD) were fractionally higher despite the company reporting that its comparable store sales fell 2.5% in July, which was significantly worse than expected. The fast food giant stated that its U.S. comparable sales were down 3.2% in the month compared to the same month of last year and that comp sales in Asia/Pacific, Middle East and Africa dropped 7.3%. The APMEA region's comparable sales decline reflects the impact of food quality and safety issues at a supplier to McDonald's and other food companies in China which caused a "significant negative impact" to results in China, Japan and certain other markets, the company noted. As a result of the China supplier issue, the company's previously issued global comparable sales forecast for 2014 is now at risk, McDonald's added. MAJOR MOVERS: Among the notable gainers was chip maker NVIDIA (NVDA), which rose $1.54, or 8.82%, to $19.00 after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. Also higher was small-cap Tekmira Pharmaceuticals (TKMR), which jumped $6.43, or 45.06%, to $20.70 after announcing that the FDA has verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola Investigational New Drug Application to a partial clinical hold. Among the noteworthy losers was cereal maker Post Holdings (POST), which fell $7.08, or 15.91%, to $37.43 and was downgraded to Neutral from Buy at SunTrust after the company reported an adjusted net loss for its third quarter and agreed to acquire American Blanching Company for $128M. Also lower were shares of Ignite Restaurant (IRG), the owner of the Joe’s Crab Shack and Macaroni Grill brands, which fell $4.33, or 34.98%, to $8.05 after reporting second quarter results that missed analysts' expectations and having its shares downgraded at Raymond James and CL King. INDEXES: The Dow advanced 185.66, or 1.13%, to 16,553.93, the Nasdaq gained 35.93, or 0.83%, to 4,370.90, and the S&P 500 rose 22.02, or 1.15%, to 1,931.59.
News For MCD;TKMR;NVDA;POST;IRG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 15, 2015
17:15 EDTPOSTPaulson & Co. gives quarterly update on stakes
Subscribe for More Information
16:01 EDTMCDOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
15:17 EDTPOSTPost Holdings options active on wide price movement
Post Holdings June 35 and September 25 puts are active on total put volume of 3500 contracts (2900 calls). June put option implied volatility is at 43, September is at 40, December is at 39; compared to its 90-day average of 42. Active option volume suggests traders taking positions for large price movement.
12:15 EDTMCDMcDonald's call activity attributed to activist speculation
McDonald's May 97.5 and 98 calls are active eon total call volume of 56K (4K puts) on activist speculation. May call option implied volatility is at 18, May weekly is at 17, June is at 18, September is at 19; compared to 90-day average of 19 according to Track Data, suggesting large near term price movement.
11:09 EDTMCDRumor: McDonald's move higher attributed to activist speculation
Subscribe for More Information
10:13 EDTPOSTHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
09:40 EDTPOSTEquity options with increasing volume
Subscribe for More Information
09:30 EDTPOSTPost Consumer Brands to be led by Chris Neugent
The combined business, called Post Consumer Brands, will be led by MOM Brands president Chris Neugent. Neugent will report to Rich Koulouris, who joined Post Holdings in February to lead Post Foods Group, comprising branded center-of-the-store as well as its private label retail businesses.
09:28 EDTPOSTPost Holdings to close Parsippany, NJ office, will impact about 200 employees
Subscribe for More Information
May 14, 2015
18:37 EDTPOSTPost Holdings provides additional avian influenza update
Post Holdings provided an additional update on the recent avian influenza outbreak affecting Post's egg business: Post management has determined that the ongoing AI outbreak constitutes a force majeure event with respect to its Michael Foods egg business, the effect of which renders Michael Foods unable to fully perform under its existing supply agreements with customers. Michael Foods is taking various measures including discontinuation of certain product lines and appropriate pricing actions to offset reduced egg supply and increased operating costs. Post management further announced that a second company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to approximately 25% of the company's volume commitments as determined prior to the recognition of force majeure. The financial impact of the above is being estimated at this time.
May 13, 2015
10:51 EDTPOSTPost Holdings says chicken flocks in Nebraska, Iowa test positive for AI
Subscribe for More Information
May 12, 2015
18:35 EDTPOSTPost Holdings says chicken flocks in Nebraska, Iowa test positive for AI
Post Holdings provided an update on the recent avian influenza outbreak impacting Post's egg business. Chicken flocks at company owned and third party farms in Nebraska and Iowa, respectively, have tested positive for AI. Including these two new incidents, Post now estimates that approximately 20% of its egg supply has been affected. On May 7, Post provided Adjusted EBITDA guidance for fiscal 2015 of between $585M and $610M. This included an estimated negative impact of $20.0 million related to AI based on information available at that time. Post will update the estimated impact of AI as soon as practicable
May 11, 2015
19:45 EDTMCDMcDonald's to simplify drive-thru, add mid-priced items, WSJ says
Subscribe for More Information
09:59 EDTPOSTOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:59 EDTPOSTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:53 EDTPOSTPost Holdings initiated with a Buy at Pivotal Research
Subscribe for More Information
08:48 EDTMCDPanera Bread appoints Drew Madsen President effective May 11
Subscribe for More Information
07:26 EDTNVDAQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
06:21 EDTPOSTPost Holdings downgraded to Neutral from Buy at Citigroup
Subscribe for More Information
May 10, 2015
13:29 EDTMCDMcDonald's shares could stall near $97, Barron's says
Despite the company's recent turnaround plan, shares of McDonald's look "ambitiously" priced, Barron's contends in a feature article. Barron's argues that the turnaround plan focuses on bookkeeping details rather than improving the fundamentals of its food business. Reference Link
1 | 2 | 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