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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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March 19, 2015
15:19 EDTNKENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Nike (NKE), consensus 84c... Mattress Firm (MFRM), consensus 48c.
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
10:28 EDTGMCRKeurig Green Mountain 2.0 system traction disappointing, says Dougherty
Dougherty's said it is cautious on Keurig Green Mountain following checks indicating disappointing traction for the 2.0 brewer system.
08:08 EDTNKENike historically hits earnings, but guidance, valuation could weigh, WSJ says
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March 18, 2015
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
09:20 EDTGEOSGeospace to participate in a conference call with Maxim Group
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March 16, 2015
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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07:24 EDTNKENike has solid global demand ahead but FX a headwind, says Credit Suisse
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March 13, 2015
09:35 EDTANNAnn Inc. sees impact of $4M in Q1, Q2 from West Coast port slowdown
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09:25 EDTANNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FXCM (FXCM), up 15.8%... El Pollo LoCo (LOCO), up 9.9%... Ulta Salon (ULTA), up 7.1%... Hibbett Sports (HIBB), up 5.1%... Ann Inc (ANN), up 5.5%... Spectrum Pharmaceuticals (SPPI), up 2.9%. ALSO HIGHER: Herbalife (HLF), up 5.1% following a Wall Street Journal report that federal prosecutors are investigating potential stock manipulation... Mobileye (MBLY), up 4.7% after being upgraded at Goldman... NXP Semiconductors (NXPI), up 1.7% after being initiated with a Strong Buy at Needham. DOWN AFTER EARNINGS: Aeropostale (ARO), down 13.2%... CTI BioPharma (CTIC), down 7.7%... Civeo (CVEO), down 3.4%. ALSO LOWER: Galena Biopharma (GALE), down 10.4% after announcing public offering of common stock and warrants... Whiting Petroleum (WLL), down 7.6% following a report from Reuters that explains that the company looks to sell certain assets instead of the whole company... Continental Building (CBPX), down 7.5% after 5M share Spot Secondary priced at $19.70.
09:21 EDTANNAnn Inc. expects external challenges of 2H14 will continue to impact 1H15
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09:19 EDTANNAnn Inc. says identifying opportunities to reduce costs, increase efficiencies
Says inventory plan for 2015 is "conservative." Says "fully committed" to restoring positive growth and momentum over the course of 2015. Says "headed down the right path" in 2015. Says Loft "well positioned" for spring season. Says evaluating all aspects of supply chain. Says identifying additional opportunities to further increase efficiencies, reduce costs. Says "excited" about growth potential for Lou & Grey. Says working on standalone Lou & Grey ecommerce site. Sees opportunities for thoughtful investments in growth of fleet in 2015, but says mindful of evolving retail environment. Says store opening plans for 2015 focused on low cost, high return markets. Expects to open approx. 40 stores in 2015, including 10 new Factory stores, 10 Loft full price stores, 15 Loft outlet stores; plans to close approx. 35 stores in FY15. Comments made on the Q4 earnings conference call. Ann Inc is up 5.53% in pre-market trading.
09:12 EDTSYMCVista exploring sale of cybersecurity company Websense, Bloomberg says
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07:49 EDTANNAnn Inc. sees FY15 revenue $2.57B, consensus $2.60B
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07:48 EDTANNAnn Inc. sees Q1 revenue $605M, consensus $605.14M
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07:47 EDTANNAnn Inc. reports Q4 total comparable sales up 1%
At Ann Taylor, total brand comparable sales declined 0.4%, reflecting flat comparable sales at Ann Taylor, which includes Ann Taylor stores and anntaylor.com, and a decline of 1.5% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales increased 1.9%, reflecting an increase of 1.0% at LOFT, which includes LOFT stores and LOFT.com, and an increase of 6.6% in the LOFT Outlet channel.
07:47 EDTANNAnn Inc. reports Q4 EPS 12c, consensus (3c)
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