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Stock Market & Financial Investment News

News Breaks
December 20, 2013
10:00 EDTMWW, MEOH, MTG, CCL, ZUMZ, ARRS, RHT, MMM, RRGBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M Company (MMM) upgraded to Neutral from Underweight at JPMorgan… ARRIS (ARRS) upgraded to Buy from Hold at Jefferies… Carnival (CCL) upgraded to Outperform from Neutral at Credit Suisse… Red Hat (RHT) upgraded to Buy from Neutral at UBS… Red Hat upgraded to Outperform from Market Perform at Raymond James… Zumiez (ZUMZ) upgraded to Buy from Neutral at BofA/Merrill… Red Robin (RRGB) upgraded to Buy from Hold at Miller Tabak… Methanex (MEOH) upgraded to Outperform from Market Perform at Raymond James… Monster Worldwide (MWW) upgraded to Market Perform from Underperform at Avondale… MGIC Investment (MTG) upgraded to Buy from Neutral at Compass Point.
News For MMM;ARRS;CCL;RHT;ZUMZ;RRGB;MEOH;MWW;MTG From The Last 14 Days
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April 24, 2014
09:28 EDTMMM3M sees foreign currency translation reducing FY sales by approx. 1%
Says currency reduced sales by 2% in Q1, which was about 1% worse than its expectation entering the year. Says sees foreign currency translation reducing FY sales by approximately 1%, a slightly bigger headwind than previously expected. Says continues to experience positive selling price changes across its businesses. Says weather negatively impacted certain channels that it serves in the U.S. in Q1, particularly in road construction and retail. For 2013-2017, says planning to invest $5B-$10B+ on acquisitions, says multi-billion dollar deals possible. Sees strong investment in R&D, CapEx in 2013-2017, says organic growth remains "paramount." Expects to add leverage of $2B-$4B on the balance sheet for CY14. Sees strong margin performance continuing. Sees FY14 CapEx $1.7B-$1.8B. Sees FY gross share repurchases $4B-$5B. Comments made on the Q1 earnings conference call.
08:58 EDTMMM3M Company sees FY14 tax rate 28%-29%
Sees free cash flow conversion 90%-100%. Says planning share repuchases of $17B-$22B over 2013-2017. Comments from slides that will be presented on the Q1 earnings conference call.
07:34 EDTMMM3M Company backs FY14 EPS view $7.30-$7.55, consensus $7.46
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07:32 EDTMMM3M Company reports Q1 EPS $1.79, consensus $1.80
Reports Q1 revenue $7.83B, consensus $7.96B. Reports organic local-currency sales growth of 4.6%.
April 23, 2014
15:35 EDTMMMNotable companies reporting before tomorrow's open
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10:56 EDTMTGOptions with decreasing implied volatility: CMG MTG VRX ILMN
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07:47 EDTMMM3M Company April weekly volatility elevated into Q1 and growth outlook
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April 22, 2014
07:10 EDTMTGMGIC Investment reports Q1 EPS 15c, consensus 10c
Reports Q1 revenue $235.1M, consensus $241.01M; Reports primary insurance in force as of March 31 was $157.9B; Reports new insurance written in Q1 was $5.2B.
April 19, 2014
20:17 EDTRHTTwitter, Netflix, Amazon look pricey, Barron's says
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April 18, 2014
09:44 EDTARRSARRIS acquires Ontario-based SeaWell Networks
ARRIS announced it acquired Mississauga, Ontario-based SeaWell Networks for an undisclosed amount. ARRIS is integrating SeaWell's adaptive bit rate streaming technologies and talent into its Network & Cloud business.
April 17, 2014
08:39 EDTRHTRed Hat bias to investment over margin the right trade-off, says BofA/Merrill
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April 16, 2014
08:17 EDTMMM3M against proposal for shareholder actions without vote first, Reuters says
3M Company said its board opposed a proposal by shareholder James McRitchie to allow investors with a certain amount of shares to take a specific action through written consent without voting first, according to Reuters, citing a company letter to stockholders. Reference Link
April 14, 2014
10:30 EDTRHTHigh option volume stocks: ZLTQ GLOG RHT SBAC EW
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10:23 EDTCCLHigh option volume stocks: CCL WCG LSI INTU IACI
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April 10, 2014
10:42 EDTZUMZZumiez pops after same store sales, upgrade
The stock is up over 5% at time of writing to $26.29 following same store sales reported after the close yesterday and an upgrade to Buy at DA Davidson. The current price action, a gap up in price this morning and a "line" across the chart today in a narrow range suggests a short-squeeze may be in progress. Over 8.5% of the float was short as of the last available report. Resistance is at $27.29. Support is at $25.64.
10:00 EDTZUMZOn The Fly: Analyst Upgrade Summary
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07:47 EDTZUMZZumiez upgraded to Buy from Neutral at DA Davidson
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