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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTWPX, SYMC, GMCR, GEOS, ANN, NKE, RALY, ECYTOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages open higher before the Nasdaq quickly reversed lower, with the benchmark S&P 500 and blue-chip Dow joining the tech index in the red late in the session. Volume on each of the major indexes was heavy, with index and stock futures, as well as index and stock options, all set to expire at today's close. Despite today's sell off, each of the averages finished the week with gains larger than 1%. ECONOMIC EVENTS: In the U.S., no notable economic reports were released. COMPANY NEWS: Dow-member Nike (NKE) was the blue-chip index's worst performer, losing $4.06, or 5.12%, to $75.21 after reporting third quarter profit and sales that beat analyst expectations but saying that the devaluation of some developing market currencies will be a "significant drag" on its reported revenue, gross margin and profit in fiscal 2015. The athletic footwear and apparel maker said that excluding forex adjustments, its revenue growth in 2015 should exceed its target range for high-single digit growth... Keurig Green Mountain (GMCR) was scheduled to join the S&P 500 as of today's market close, replacing WPX Energy (WPX), and shares of the coffee maker closed the session down $3.40, or 2.95%, to $112. MAJOR MOVERS: Among the notable gainers was Endocyte (ECYT), up $13.53, or 92.42%, to $28.17 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency issued "positive opinions" for conditional authorizations for its Vynfinit, Folcepri and Neocepri treatments. The company also announced a Phase 2b lung cancer trial met its primary endpoint, and following the news no fewer than three analyst firms increased their price target on the stock. Also higher was Ann Inc (ANN), up $4.82, or 12.95%, to $42.05 after Golden Gate Capital last night disclosed a 9.5% stake in the retailer and said it plans to leverages its retail and equity experience to create value for shareholders. Among the noteworthy losers was Symantec (SYMC), down $2.70, or 12.94%, to $18.20 after the company last night announced it terminated its CEO, Steve Bennett. No fewer than five analysts downgraded shares of the company following the news. Also lower was Geospace Technologies (GEOS), down $11.16, or 15.07%, to $62.89 after the company disclosed in a regulatory that a $29.4M order the company previously said would occur in its third quarter may be postponed following capital concerns at its customer. INDEXES: The Dow was down 28.35, or 0.17%, to 16,302.70, the S&P 500 was down 5.49, or 0.29%, to 1,866.52, and the Nasdaq was down 42.50, or 0.98%, to 4,276.79.
News For NKE;GMCR;ECYT;ANN;SYMC;RALY;GEOS;WPX From The Last 14 Days
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April 13, 2015
06:22 EDTANNGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 12, 2015
18:11 EDTSYMCEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 11, 2015
15:01 EDTSYMCSymantec to hold analyst day
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April 10, 2015
16:05 EDTSYMCSymantec exploring sale of Veritas data-storage unit, WSJ says
Symantec, which has previously announced plans to split up its cybersecurity and information-management businesses, is exploring a sale of its Veritas data-storage and recovery business, which could fetch more than $8B, said The Wall Street Journal, citing sources. Potential buyers approached Symantec before it began contacting possible bidders, but it has since contacted private-equity firms and companies in the industry that may be interested in Veritas, the report added. Reference Link
15:38 EDTSYMCSymantec jumps 7% after report of exploring Veritas sale
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15:36 EDTSYMCSymantec exploring sale of Veritas unit, DJ says
The sale could bring more than $8B, according to sources, DJ reports.
08:55 EDTGMCRKeurig Green Mountain global expansion underappreciated, says Goldman
Goldman believes Keurig Green Mountain's global expansion opportunity is underappreciated. The firm said single-serve coffee is significantly under penetrated and Keurig Green Mountain has the potential to capture 10%-30% of the market and derive $285M in incremental sales by 2020. Goldman views the recent pullback as another compelling entry point and reiterates its Buy rating and $160 price target.
April 9, 2015
11:11 EDTGMCROptions with increasing implied volatility
Options with increasing implied volatility: TLM WETF GRPN TRIP GMCR MYL AOL WB WFM EA
09:18 EDTNKE, ANNBofA/Merrill retail analysts hold an analyst/industry conference call
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06:41 EDTNKEPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
11:29 EDTGMCROptions with increasing implied volatility
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11:08 EDTSYMCCybersecurity stocks in focus after White House security breach
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10:01 EDTWPXOn The Fly: Analyst Initiation Summary
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09:36 EDTSYMCSingtel acquires cybersecurity company Trustwave for $810M
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07:58 EDTRALYRally Software management to meet with Deutsche Bank
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07:56 EDTWPXWPX Energy initiated with a Buy at KLR Group
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April 7, 2015
12:36 EDTGMCROptions with increasing implied volatility
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07:36 EDTRALYRally Software management to meet with Deutsche Bank
Meeting to be held in Boston on April 7 hosted by Deutsche Bank.
05:48 EDTGMCR Stocks with implied volatility movement; GRPN GMCR
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April 6, 2015
09:12 EDTGMCRKeurig Green Mountain brewer sales weakness transitory, says Goldman
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