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Stock Market & Financial Investment News

News Breaks
November 26, 2012
12:10 EDTARO, YHOO, TGT, MHP, HOGS, FB, WMT, DWA, ANAD, M, APOOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, giving back some of the 4% advance seen last week by both the S&P and Nasdaq. With earnings season over, a budget agreement in the U.S. or a European deal on Greek aid may be awaited as the next market catalysts, and a lack of progress on either front may bring increased volatility... ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing survey for November came in at -2.8, versus forecasts for a +2.5 reading. Also, Mary Schapiro stepped down as the head of the Securities and Exchange Commission and President Obama appointed current SEC Commissioner Elisse Walter to take over the position. In Europe, the Bank of England named Mark Carney, who is currently the head of Canada’s central bank, as its next governor... COMPANY NEWS: McGraw-Hill (MHP) confirmed it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5B. McGraw-Hill, which said it will be renamed McGraw Hill Financial after the sale closes, saw its shares rise about 2% after trading resumed following the deal announcement... A number of major retailers, including Wal-Mart (WMT), Target (TGT) and Macy's (M), traded lower in spite of estimates from the National Retail Federation that consumer spending over the Thanksgiving weekend increased 13% from a year ago... Two tech names benefited from some positive analyst commentary as Facebook (FB) shares rose nearly 8% after Bernstein upgraded the stock to Outperform and BTIG raised its rating on the name to Neutral. Also, Yahoo! (YHOO) was upgraded to Conviction Buy from Buy at Goldman and shares responded by advancing about 1%... MAJOR MOVERS: Among the notable gainers were Anadigics (ANAD), up 17% following an upgrade to Buy at Needham, and Zhongpin (HOGS), up 15% after after agreeing to "go private" for a $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which slid almost 7% following a downgrade to Neutral at Janney Capital. Also lower were shares of DreamWorks (DWA), down over 5% after the stock was downgraded at Caris and Goldman said its estimates could be at risk due to the box office under-performance of "Rise of the Guardians"... INDICES: Near noon, the Dow was down 87.77, or 0.67%, to 12,921.91; the Nasdaq was down 5.80, or 0.20%, to 2,961.05; and the S&P 500 was down 8.29, or 0.59%, to 1,400.86.
News For MHP;APO;WMT;TGT;M;FB;YHOO;ANAD;HOGS;ARO;DWA From The Last 14 Days
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January 15, 2015
09:24 EDTWMTEpiq Systems to hold a webinar
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09:15 EDTTGTOn The Fly: Pre-market Movers
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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08:15 EDTAPOApollo may have hard time with Caesar's 'fairness' test, Bloomberg says
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05:55 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
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January 14, 2015
16:00 EDTWMTOptions Update; January 14, 2015
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10:27 EDTFBFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTFBFacebook initiated with a Buy at Rosenblatt
Target $100.
07:17 EDTFBFacebook price target raised to $100 from $88 at Oppenheimer
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07:13 EDTFBFacebook price target raised to $102 on FAN contribution at Credit Suisse
Credit Suisse raised Outperform rated Facebook's price target to $102 from $88 to reflect new mobile ad network FAN into its estimates. The analyst expects Premium Video to have a greater impact on 2015 financials and longer-term for new products and yet-to-be monetized properties to continue to drive estimates.
07:11 EDTANADANADIGICS sees Q4 revenue in line with previously issued guidance of up 8%-12%
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07:09 EDTANADANADIGICS sees Q4 revenue up 8%-12% sequentially, consensus $20.77M
ANADIGICS announced that CEO Ron Michels and VP and CFO, Terry Gallagher will be presenting at the 17th Annual Needham Growth Conference held at The New York Palace in New York City on Wednesday, January 14 at approximately 11:20am ET. During the presentation, management will be communicating that it expects Q4 revenues to be in line with previously issued guidance of an 8%-12% sequential increase. Further, the company anticipates a sequential improvement in non-GAAP gross margin to exceed the 200 basis point improvement previously expected. With regard to year end Net Cash, the company anticipates reporting approximately $14.4M, an improvement from the $9.5M reported at the close of Q3.
06:25 EDTAPOCaesar's unit expected to file own Chapter 11 bankruptcy petition, WSJ reports
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05:55 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
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