New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
19:11 EDTCOLM, PLXS, BA, CBS, EBAY, LQDT, NUS, NLSOn The Fly: After Hours Movers
UP AFTER EARNINGS/GUIDANCE: Nautilus (NLS), up 13% after reporting preliminary Q4 results... eBay (EBAY), up 0.8% after Q4 earnings beat Street estimates... Plexus (PLXS), up 4%... Nu Skin (NUS), up 4.3% after its Q4, FY12 guidance beat current Street estimates... ALSO HIGHER: CBS (CBS), up 7.8% after announcing plans to convert its America Outdoors unit to a REIT... DOWN AFTER EARNINGS/GUIDANCE: Columbia Sportswear (COLM), down 8.7% after saying it sees Q4 revenue below Street estimates... Liquidity Services (LQDT), down 2.2% after reaffirms its Q1 view... ALSO LOWER: Boeing (BA), down 2.2% after the FAA issued a directive requiring the company to cease 787 operations until it can demonstrate battery safety.
News For NLS;EBAY;PLXS;NUS;CBS;COLM;LQDT;BA From The Last 14 Days
Check below for free stories on NLS;EBAY;PLXS;NUS;CBS;COLM;LQDT;BA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
April 4, 2014
06:40 EDTBASpaceX to compete with Boeing-Lockheed JV for satellite launch, WSJ says
Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, reports the Wall Street Journal. The Defense Department has also put a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by Boeing-Lockheed JV. Reference Link
April 3, 2014
18:56 EDTBAOn The Fly: After Hours Movers
Subscribe for More Information
17:34 EDTBABoeing weighs buy of Mercury Systems, Reuters says
Subscribe for More Information
16:37 EDTLQDTOn The Fly: Closing Wrap
Subscribe for More Information
14:44 EDTBADelta may replace existing Boeing jets with new widebodies, Reuters says
Subscribe for More Information
12:44 EDTLQDTLiquidity Services downgraded to Perform from Outperform at Oppenheimer
Subscribe for More Information
12:10 EDTLQDTOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory, with the Dow notching a new all-time high, but had slid into negative ground at midday. The Nasdaq is the biggest loser, as it is down more than 0.6%, while the Dow and Nasdaq are just slightly below the flat line. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 326K in the week ended March 29, versus the expected 319K claims. The trade deficit widened to $42.3B in February from a revised $39.3B deficit in January. ISM's non-manufacturing PMI rose 1.5 points to 53.1 in March, though that was a bit below the 53.5 forecast of economists. In Europe, the ECB maintained its current rates despite the ongoing debate over disinflationary forces posing an increasing risk. In Asia, China's State Council announced a stimulus package for new railways and subways, low-income housing and tax breaks for small business, but most of the measures were part of the government's previously communicated annual economic work plan. COMPANY NEWS: Shares of Barnes & Noble (BKS) are declining after Liberty Media (LMCA) announced a deal to reduce its stake in the bookseller. Liberty said it has sold the majority of its shares to institutional buyers and will retain approximately 10% of its initial investment, which has been reported to equate to a roughly 2% stake in Barnes & Noble. B&N Chairman Leonard Riggio said that Liberty’s reduced ownership gives the company greater flexibility to pursue various strategic options, but shares of B&N slid 13% following the announcement... Citigroup (C) shares fell almost 2% after The New York Times said the federal government has started a criminal investigation into alleged fraud involving Citi's Banamex unit in Mexico. Also of note, research firm Sterne Agee downgraded the stock to Neutral, citing the Fed's refusal to approve the bank's capital plan, along with its slowing earnings growth and lack of catalysts, as reasons for the downgrade. MAJOR MOVERS: Among the notable gainers was Amyris (AMRS), which rose 8% after announcing that it is entering into a strain engineering research and development agreement with chemical giant BASF (BASFY). Also higher was chemical, paint, and coating maker RPM (RPM), which gained 4% and hit a fresh 52-week high earlier in the session after the company raised its fiscal 2014 profit outlook. Among the noteworthy losers was Liquidity Services (LQDT), which slid another 12% after the company confirmed it's withdrawal from auction bidding for a U.S. Department of Defense contract and said it will need to reset its adjusted earnings expectations. Also lower were shares of weight-loss drug maker VIVUS (VVUS), which fell nearly 8% following a downgrade to Underweight at Piper Jaffray. INDEXES: Near midday, the Dow was down 16.31, or 0.1%, to 16,556.69, the Nasdaq was down 26.65, or 0.62%, to 4,249.81, and the S&P 500 was down 3.48, or 0.18%, to 1,887.42.
12:00 EDTLQDTLiquidity Services falls 12.4%
Liquidity Services is down 12.4%, or $2.58, to $18.28
11:13 EDTLQDTHigh option volume stocks: LQDT ACTG ADI PGR URS
Subscribe for More Information
11:07 EDTBABoeing reports 161 commercial deliveries in Q1
Subscribe for More Information
11:04 EDTLQDTLiquidity Services continues slide, confirms withdrawal from DoD auction
Shares of surplus and salvage asset marketplace operator Liquidity Services (LQDT) are sliding again after the company confirmed it's withdrawal from auction bidding for a U.S. Department of Defense contract and said it will need to reset its adjusted earnings expectations. WHAT'S NEW: Liquidity Services announced that it will reset its outlook for earnings before interest, taxes, depreciation, and amortization, or EBITDA, for fiscal year 2015 after withdrawing from the bidding process for one defense contract and due to higher costs for another. Liquidity said that it remains the high bidder for a contract to purchase, manage and sell non-rolling stock surplus assets for the DoD with a bid equal to 4.35% of the department's original acquisition value, which is up from 1.8% previously. The company also confirmed it withdrew from an auction for a rolling stock contract due to the fact that bidding reached a level that it determined would be "economically unsustainable." The company said that if it agreed to the contract, the result would be significantly higher costs of goods sold in FY15 and beyond. Liquidity Services said it will continue to operate its current DoD surplus contract to sell all usable surplus assets including rolling stock and non-rolling stock assets for a base term ending in December, with two additional one-month renewal options. Accordingly, the company expects the bid results from the last two days to not affect its results for fiscal year 2014. ANALYST OPINION: Following today's news, Liquidity Services was downgraded to Neutral from Outperform at RW Baird, which cited the "unfavorable" auction results. The firm lowered its price target for shares to $19 from $30. Baird analyst Colin Sebastian said the firm is lowering its FY15 EBITDA estimate by $40M and sees few near-term positive catalysts outside of potential short covering on the stock. WHAT'S NOTABLE: Yesterday, Liquidity Services shares were down after the company announced that it was the highest bidder for the DoD non-rolling stock surplus contract. Baird stated in a separate note yesterday that Liquidity's high bid for the non-rolling liquidation contract was "quite a bit" higher than the firm had anticipated. The firm said then that its Outperform rating was under review pending the full contract results. PRICE ACTION: During morning trading, shares of Liquidity Services fell $2.85, or 13.66%, to $18.01. The stock had declined about 6.7% yesterday and over the last month shares have lost over 18.5%.
10:00 EDTLQDTOn The Fly: Analyst Downgrade Summary
BB&T (BBT) downgraded to Outperform from Strong Buy at Raymond James... Broadcom (BRCM) downgraded to Neutral from Overweight at Piper Jaffray... CF Industries (CF) downgraded to Neutral from Buy at Citigroup... CSX (CSX) downgraded to Equalweight from Overweight at Barclays... Cheniere Energy (LNG) downgraded to Neutral from Outperform at Credit Suisse... Citigroup (C) downgraded to Neutral from Buy at Sterne Agee... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... G&K Services (GK) downgraded to Neutral from Outperform at RW Baird... Marcus (MCS) downgraded to Neutral from Buy at B. Riley... National Retail Properties (NNN) downgraded to Sell from Neutral at UBS... Norfolk Southern (NSC) downgraded to Neutral from Overweight at Atlantic Equities... Orion Energy (OESX) downgraded to Hold from Buy at Ascendiant... VIVUS (VVUS) downgraded to Underweight from Neutral at Piper Jaffray... Liquidity Services (LQDT) downgraded to Neutral from Outperform at RW Baird... Shaw Communications (SJR) downgraded to Sector Performer from Outperformer at CIBC... USG (USG) downgraded to Neutral from Outperform at Macquarie... Level 3 (LVLT) downgraded to Hold from Buy at Gabelli... U.S. Bancorp (USB) downgraded to Neutral from Conviction Buy at Goldman... Extra Space Storage (EXR) downgraded to Buy from Conviction Buy at Goldman... First Republic Bank (FRC) downgraded to Buy from Conviction Buy at Goldman... TELUS (TU) downgraded to Neutral from Outperform at Macquarie.
09:14 EDTLQDTOn The Fly: Pre-market Movers
Subscribe for More Information
09:00 EDTLQDTLiquidity Services falls 14%
Subscribe for More Information
08:58 EDTLQDTLiquidity Services downgraded to Neutral from Outperform at RW Baird
Subscribe for More Information
08:23 EDTLQDTLiquidity Services says April 1-2 bid results won't affect FY14 results
08:20 EDTLQDTLiquidity Services says withdrew from live auction bidding for DoD contract
Subscribe for More Information
07:48 EDTNUSChanos says 'side with the bears' on multi-level marketers
Subscribe for More Information
06:23 EDTBABoeing, Airbus rivalry moves to tanker market, WSJ reports
Subscribe for More Information
06:22 EDTBABoeing to cut as man as 300 Australian contrators, WSJ reports
Boeing plans to cut as many as 300 contractors from its Boeing Aerostructures Australia facility by the end of the year, reports the Wall Street Journal. The company said, "This was always our intention when the company's aircraft programs stabilized at full production rates." Reference Link
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use