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Stock Market & Financial Investment News

News Breaks
March 21, 2014
12:22 EDTSYMC, V, ANN, NKE, RALY, ECYTOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow and S&P rising to record highs and the Nasdaq a bit below its starting level. Stocks began the session in positive ground as traders rolled out positions due to “quadruple witching,” when stock index futures, stock index options, stock options, and single stock futures expire. The market soon found a level and has moved in a fairly narrow range during the morning, which is typical as quadruple expirations days tend to be more volatile at the open and the close. ECONOMIC EVENTS: In the U.S., no notable economic reports were released. COMPANY NEWS: Shares of Dow-member Nike (NKE) fell 3% despite the company reporting third quarter adjusted profits that beat analysts’ forecast. Nike said it expect its revenue to come in at the top end of its high-single digit growth target range in this fiscal year, but cautioned that the devaluation of developing market currencies will be a "significant drag" on reported revenue, gross margin and profit growth in fiscal year 2015... Visa (V) shares gained over 2.5% after Bloomberg and Reuters reported that a federal appeals court ruled the Federal Reserve was authorized to cap debit card swipe fees, reserving a prior lower court ruling in favor of retailers who oppose the cap. MAJOR MOVERS: Among the notable gainers was Endocyte (ECYT), which was up more than 90% near midday 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. Following both pieces of news, no fewer than three analyst firms increased their price target on the stock. Also higher was Ann Inc. (ANN), which gained 14% 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), which sunk 14% near noon 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 Rally Software (RALY), which fell more than 8% after the cloud software company gave a first quarter and fiscal 2015 outlook that came in below expectations. INDEXES: Near midday, the Dow was up 102.79, or 0.63%, to 16,433.84, the Nasdaq was down 0.48, or 0.01%, to 4,318.80, and the S&P 500 was up 9.26, or 0.49%, to 1,881.27.
News For NKE;V;ECYT;ANN;SYMC;RALY From The Last 14 Days
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June 26, 2015
07:02 EDTNKENike price target raised to $120 from $115 at Piper Jaffray
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June 25, 2015
19:04 EDTNKEOn The Fly: After Hours Movers
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18:06 EDTNKENike says confident company can keep 'moving margins forward'
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17:46 EDTNKENike says FY15 an 'outstanding year'
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17:45 EDTNKENike sees Q1 revenue growth in low single digits, conensus $8.26B
FY16 revenue growth in mid single digits, consensus $32.48B. Sees Q1, FY16 gross margin increasing 50 bps. Guidance from company's Q4 earnings conference call.
16:23 EDTNKENike up 2% following Q4 results
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16:19 EDTNKENike reports Q4 worldwide futures orders up 2%, up 13% ex-currency changes
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16:18 EDTNKENike repurchased 6.8M shares in Q4
During the fourth quarter, NIKE, Inc. repurchased a total of 6.8M shares for approximately $678M as part of the four-year, $8B program approved by the Board of Directors in September 2012. As of the end of fiscal 2015, a total of 80.9M shares had been repurchased under this program for approximately $6.0B, at an average cost of $73.55 per share.
16:17 EDTNKENike reports inventories $4.3B, up 10% from last year
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16:16 EDTNKENike reports Q4 gross margin up 60 bps to 46.2%
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16:15 EDTNKENike reports Q4 worldwide futures orders up 2%, up 13% ex-currency changes
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16:15 EDTNKENike reports Q4 EPS 98c, consensus 83c
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16:00 EDTNKEOptions Update; June 25, 2015
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15:10 EDTNKENike June weekly 107 straddle priced for 3.3% movement Q4
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15:04 EDTNKENotable companies reporting after market close
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13:04 EDTNKEEarnings Watch: Nike sees Q4 constant dollar revenue growth in low double digits
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13:02 EDTNKENike June weekly volatility increases into Q4 and growth outlook
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11:15 EDTNKENike technical comments before earnings news
The shares are trading close to life highs ahead of earnings, last at $105.47 against that high at $107.45. On strongly bullish news the stock would likely exceed that high by good measure, putting the $110 to $115 area into play as potential upside. If the news is a bearish disappointment, the first support level of significance is at the 50-day moving average at $94.08. A move down to that level would only be a test of support. It would take a move that broke the 50-day to turn the long-term trend to bearish.
June 24, 2015
12:06 EDTSYMCU.S. data hack larger than previously disclosed, WSJ reports
Office of Personnel Management Director Katherine Archuleta said in a statement today to the House Oversight Committee that her agency is investigating whether up to 18M unique Social Security numbers were stolen as part of the previously disclosed cyberattack, Wall Street Journal reports. The hack is being defined as two distinct breaches, and the larger than previously thought numbers are preliminary and not verified, the Journal adds. Publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:09 EDTNKEOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
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