Stock Market & Financial Investment News

News Breaks June 28, 2012 06:54 EDT CMG, MNST Stocks with implied volatility movement; MNST CMG Stocks with implied volatility movement: Monster Beverage (MNST), Chipotle (CMG) according to iVolatility. News For MNST;CMG From The Last 14 Days Check below for free stories on MNST;CMG the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 14, 2013 10:01 EDT MNST On The Fly: Analyst Initiation Summary Subscribe for More Information 06:16 EDT MNST Monster Beverage initiated with an Overweight at Morgan Stanley Subscribe for More Information May 9, 2013 16:47 EDT MNST On The Fly: Closing Wrap Stocks on Wall Street were lower, breaking the recent streak of the Dow and S&P 500 setting new closing highs. The averages moved higher during the afternoon, as the dollar topped the Y100 level for the first time in three years, though the averages fell again and failed to regain positive territory into the close. ECONOMIC EVENTS: In the U.S., jobless claims fell 4K from the prior week to 323K, which was below the consensus 335K claim forecast. Wholesale inventories rose 0.4% in March, which matched expectations. In Asia, Chinese consumer prices increased 2.4% in April, which was just above expectations, and producer prices fell 2.6%, which was more than expected. Also, the Bank of Korea unexpectedly cut its interest rate. COMPANY NEWS: Two heavily shorted stocks, Tesla (TSLA) and Green Mountain Coffee Roasters (GMCR), surged after reporting quarterly earnings after yesterday's close. Tesla added $13.61, or 24.4%, to $xx 69.40 after its top and bottom line results beat Street estimates and it raised its full-year vehicle delivery outlook to 21,000 from 20,000 vehicles. Green Mountain shares gained $16.56, or 27.84%, to $76.04 after the company's earning came in better than expected and it announced a long-term strategic partnership with Starbucks. MAJOR MOVERS: Among the notable gainers was Barnes & Noble (BKS), up $4.31, or 24.25%, to $22.08 after a report saying Microsoft (MSFT) is considering acquiring the digital assets of Nook Media. Also higher was News Corp. (NWSA), up $1.43, or 4.49%, to $33.29 after its third quarter earnings were in-line and its revenues topped consensus estimates. Among the noteworthy losers Rackspace (RAX), down $12.88, or 24.66%, to $39.36 after its second quarter revenue missed Street estimates and its stock received downgrades from at least four analyst firms. Also lower following its quarterly report was Monster Beverage (MNST), which fell $2.96, or 5.2%, to $54.01. INDICES: The Dow was down 22.50, or 0.15%, to 15,082.62; the Nasdaq was down 4.10, or 0.12%, to 3,409.17; and the S&P 500 was down 6.02, or 0.37%, to 1,626.67. 10:37 EDT MNST Monster Beverage tumbles after results, levels to watch Last night after the close, the company reported results of 37 cents for its Q1 versus expectations of 46 cents. Gabelli downgraded the shares today to Hold citing disappointing results. At the current share price of $52.62 support is at $50.75, the low of the session so far today. Resistance is at the session high at $53.86. The $50 area had been resistance over the last several months, and therefore a test of this areas a support is important technically. A failure to hold this area would be price bearish for the stock. 10:08 EDT MNST On The Fly: Analyst Downgrade Summary Subscribe for More Information 09:38 EDT MNST Active equity option families trading Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD. 09:25 EDT CMG Chipotle Mexican Grill volatility at six-year lows; shares near 10-month high Subscribe for More Information 09:19 EDT MNST On The Fly: Pre-market Movers UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference. 08:44 EDT MNST Monster Beverage downgraded to Hold from Buy at Gabelli Subscribe for More Information 07:59 EDT MNST Monster Beverage long-term outlook still favorable, says Stifel Subscribe for More Information May 8, 2013 19:06 EDT MNST On The Fly: After Hours Movers Subscribe for More Information 18:31 EDT CMG Jeff Gundlach recommends shorting Chipotle at Sohn Conference According to live blog of Sohn Investment Conference. 17:56 EDT MNST Monster Beverage says gross sales in April up approximately 5.7% vs. last year Says gross margins in North America "remain healthy." Comments taken from company's Q1 earnings conference call. 16:13 EDT MNST Monster Beverage reports Q1 EPS 37c , consensus 46c Subscribe for More Information 12:07 EDT MNST Stocks with call strike movement; BBY MNST Best Buy (BBY) June 29 call option implied volatility decreased 2% to 59, Monster Beverage (MNST) May 62.5 call option implied volatility decreased 1% to 64 according to IVolatility. 12:06 EDT MNST Stocks with call strike movement; BBY MNST Subscribe for More Information May 7, 2013 15:23 EDT CMG Sohn conference presentations likely to move stocks again The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage. 11:31 EDT MNST Stocks with call strike movement; CTSH MNST Subscribe for More Information May 6, 2013 10:28 EDT MNST San Francisco City Attorney files suit against Monster Beverage Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.