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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTRALY, ECYT, WPX, SYMC, GMCR, GEOS, ANN, NKEOn 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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November 19, 2014
15:31 EDTGMCRNotable companies reporting after market close
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14:40 EDTGMCRKeurig Green Mountain technical comments ahead of results
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14:08 EDTGMCREarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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13:26 EDTGMCRKeurig Green Mountain November 155 straddle priced for 8.7% move into Q4
10:47 EDTGMCRStocks with call strike movement; GME GMCR
GameStop (GME) December 55 call option implied volatility increased 4% to 55, Green Mountain (GMCR) December 185 call option implied volatility increased 3% to 54 according to IVolatility.
07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTSYMCUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
07:16 EDTANNAnn Taylor November volatility elevated into Q3 and outlook
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November 18, 2014
08:54 EDTNKENike initiated with a Hold at BB&T
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08:54 EDTNKENike initiated with a Hold at BB&T
08:07 EDTGMCRGreen Mountain Coffee volatility elevated into Q3 and outlook
Green Mountain Coffee November call option implied volatility is at 101, December is at 50, January is at 45, March is at 43; compared to its 26-week average of 42 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
07:50 EDTGMCRKeurig Green Mountain price target raised to $168 from $134 at Canaccord
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07:31 EDTNKESignet Jewelers names Daniel Shull as Chief Information Officer
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November 17, 2014
07:26 EDTGMCRBofA/Merrill expects in-line Q4 report from Keurig Green Mountain
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06:48 EDTSYMCState Department hacked, NY Times reports
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November 16, 2014
19:34 EDTSYMCFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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09:05 EDTGMCRKeurig Green Mountain target to $185, Cold may be a disrupter, says Goldman
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08:31 EDTGMCRGreen Mountain Coffee November volatility elevated into Q3 and outlook
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06:31 EDTNKENike downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Nike to Neutral based on valuation.
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