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Stock Market & Financial Investment News

News Breaks
June 27, 2014
12:56 EDTDG, DD, ROCK, MTW, NKE, LITB, FINLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday with DuPont's (DD) slide weighing down the blue-chip Dow more than Nike's (NKE) advance is helping it. Stocks began the session in negative territory but soon turned mixed, where they have remained, with the Nasdaq the leader and the Dow the laggard. The averages have stalled, but they still remain on track to be positive for the month of June, though the month does not end until after Monday's session. ECONOMIC EVENTS: In the U.S., the final University of Michigan consumer sentiment index for June rose to 82.5, which beat the consensus expectation for a reading of 81.9. COMPANY NEWS: Shares of athletic apparel and footwear giant Nike and sports shoe retailer Finish Line (FINL) climbed after both companies reported better than expected quarterly sales and profits. Near midday, Dow member Nike rose 1.6%, while Finish Line advanced 1.4%... Another member of the Dow Jones Industrial Average, DuPont, moved in the opposite direction, falling over 4.5% after the chemical company cut its earnings outlook for its second quarter and its current fiscal year. MAJOR MOVERS: Among the notable gainers was LightInTheBox (LITB), which jumped 20% after the company raised its Q2 revenue outlook. Also higher was Manitowoc (MTW), which gained 9% and was upgraded to Hold at Jefferies after activist Relational Investors took an 8.5% stake in the company and urged for a spin-off of its food business. Among the noteworthy losers was Gibraltar Industries (ROCK), which dropped nearly 10% after cutting its Q2 outlook, stating that end market demand in the quarter did not rebound as expected. Also lower were shares of discount retailer Dollar General (DG), which fell over 7% after Chief Executive Officer Rick Dreiling announced plans to retire. INDEXES: Near midday, the Dow was down 36.58, or 0.22%, to 16,809.55, the Nasdaq was up 7.41, or 0.17%, to 4,386.45, and the S&P 500 was down 1.60, or 0.08%, to 1,955.62.
News For NKE;DD;FINL;MTW;DG;LITB;ROCK From The Last 14 Days
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March 19, 2015
14:20 EDTNKENike technical comments ahead of results
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13:46 EDTNKEEarnings Preview: Nike sees Q3 constant dollar revenue growth in low teens
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13:03 EDTNKENike March 97.5 straddle priced for 3.9% movement into Q3
09:46 EDTROCKGibraltar Industries to host investor day
Investor Day to be held in New York on March 26 at 8:30 am. Webcast Link
08:08 EDTNKENike historically hits earnings, but guidance, valuation could weigh, WSJ says
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March 18, 2015
13:19 EDTDDDuPont management to meet with Piper Jaffray
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07:59 EDTNKENike March volatility elevated into Q3 and outlook
Nike March call option implied volatility is at 69, April is at 28, May is at 23, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on March 19.
March 17, 2015
16:58 EDTDGGIC Private Limited reports 5.02% passive stake in Dollar General
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13:39 EDTDDDuPont breaks below its 50-day moving average, levels to watch
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05:50 EDTDDStocks with implied volatility movement; DD NFLX
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March 16, 2015
14:24 EDTDDDuPont near session low, levels to watch
The shares were downgraded earlier at BofA/Merrill to Underperform, but the firm maintained its $76 price target. At the current price of $77.35 the stock is at the low of its price channel, but has not breached. Support below current price is at $75.52, the 50-day moving average. Resistance is at $78.08.
11:58 EDTDDDuPont retreats after Bank of America two notch downgrade to sell
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11:48 EDTNKEadidas won't renew contract with NBA after 2016-17 season, ESPN reports
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10:49 EDTNKENike March volatility increases into Q3 and outlook
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10:02 EDTDDOn The Fly: Analyst Downgrade Summary
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09:31 EDTDDPeltz says open to discussing 'realistic settlement' with DuPont
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09:22 EDTDDOn The Fly: Pre-market Movers
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07:38 EDTDDDuPont downgraded at BofA/Merrill
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07:24 EDTNKENike has solid global demand ahead but FX a headwind, says Credit Suisse
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06:44 EDTDDDuPont downgraded to Underperform from Buy at BofA/Merrill
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