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News Breaks | | | | August 9, 2012 | | 12:12 EDT |  | AAP, SEM, RBN, KSS, SGNT, ETFC, NOV, EAT, NWSA, MDRX, MNST, SGEN | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday in spite of jobless claims coming in below expectations for a second straight week. The market opened quietly and remained near the flat line through much of the session. Around the time of the close of Europe's stock markets the averages picked up a bit of downside momentum. The market continues to drift in its summer doldrums as the earnings season winds down, the volume remains light, and investors go away on vacations... ECONOMIC EVENTS: Domestically, weekly jobless claims fell to 361,000, versus expectations for 370,000 claims. The U.S. trade deficit narrowed to $42.9B, versus expectations for a deficit of $47.5B. June wholesale inventories declined 0.2%, versus analyst's expectations of a 0.3% rise. Internationally, data from China showed that consumer prices there climbed 1.8% from the prior year, which was slightly above the consensus estimate, while producer prices declined 2.9% from a year ago, against a forecast for a 2.5% slide. Also, industrial production climbed 9.2%, versus expectations of a 9.7% rise... COMPANY NEWS: News Corp.'s (NWSA) stock declined fractionally after its quarterly profits matched expectations but its revenues fell short of consensus. Among other companies reporting earnings last night and this morning, Seattle Genetics (SGEN), Allscripts (MDRX) and Brinker (EAT) advanced, while Monster Beverage (MNST), Kohl's (KSS) and Advance Auto Parts (AAP) declined... MAJOR MOVERS: Among the notable gainers were E-Trade (ETFC), up 6%, after the firing of its CEO sparked speculation that the company may be readying itself to be purchased, and Robbins & Myers (RBN), up 27%, following its acquisition by National Oilwell Varco (NOV) for $60 per share in cash. Among the noteworthy losers were Sagent Pharmaceuticals (SGNT), down over 22%, after the company cut its revenue view and raised its loss view for the year, and Select Medical (SEM), down about 22% as well, following downgrades at Bank of America Merrill Lynch, RBC Capital, RW Baird and UBS... INDICES: Near noon, the Dow was down 38.42, or 0.29%, to 13,137.22; the Nasdaq was down 1.72, or 0.06%, to 3,009.53; and the S&P 500 was down 2.54, or 0.18%, to 1,399.68. | |
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News For NWSA;SGEN;MDRX;EAT;MNST;KSS;AAP;ETFC;RBN;NOV;SGNT;SEM From The Last 14 Days Check below for free stories on NWSA;SGEN;MDRX;EAT;MNST;KSS;AAP;ETFC;RBN;NOV;SGNT;SEM the last two weeks. |
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| May 22, 2013 | | 10:00 EDT |  | MNST | On The Fly: Analyst Initiation SummaryDr Pepper Snapple Popular
Today's noteworthy initiations include: Chart Industries (GTLS) initiated with an Outperform at Raymond James... Coca-Cola (KO) initiated with a Market Perform at BMO Capital... Cott Corp. (COT) initiated with a Market Perform at BMO Capital... Dr Pepper Snapple (DPS) initiated with a Market Perform at BMO Capital... Galena Biopharma (GALE) initiated with an Outperform at JMP Securities... Monster Beverage (MNST) initiated with an Outperform at BMO Capital... PepsiCo (PEP) initiated with an Outperform at BMO Capital... Popular (BPOP) initiated with an Outperform at Wells Fargo... Central Pacific (CPF) initiated with an Outperform at Raymond James. | | | 08:03 EDT |  | KSS | Kohl's announces Michelle Gass as Chief Customer Officer
 Subscribe for More Information | | | 06:36 EDT |  | AAP | Advance Auto Parts June volatility up into Q1 and outlook
Subscribe for More Information | | | 06:28 EDT | | MNST | Monster Beverage initiated with an Outperform at BMO Capital
Subscribe for More Information | | | May 21, 2013 | | 11:01 EDT | | EAT | Brinker announces deal to acquire 11 Chili's franchise restaurants in Canada
Subscribe for More Information | | | 07:34 EDT |  | SGNT | UBS to host a conference
Subscribe for More Information | | | May 20, 2013 | | 09:09 EDT | | NOV | National Oilwell increases dividend to 26c from 13c
Subscribe for More Information | | | 07:41 EDT |  | EAT | Follow-up: Brinker downgraded to Market Perform at Wells Fargo
Subscribe for More Information | | | 07:40 EDT |  | MNST | Monster Beverage's recent sales slowdown is transitory, says Morgan Stanley
Subscribe for More Information | | | 06:58 EDT | | EAT | Brinker downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information | | | | May 17, 2013 | | 15:51 EDT |  | NWSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT | | NWSA | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 07:45 EDT | | KSS | Kohl's risk/reward remains attractive, says RW Baird
Baird views the risk/reward for Kohl's as attractive following Q1 results. The firm cited effective inventory management despite disappointing sales, easier comps, and ongoing initiatives to improve operations. Shares are Outperform rated with a $57 price target. | | | May 16, 2013 | | 14:44 EDT | | KSS | Kohl's can beat Q2 guidance, says RW Baird
RW Baird believes that easier comps and pent-up demand for spring/summer merchandise could enable Kohl's to beat its in-line Q1 EPs guidance. The firm thinks the company has several upcoming positive catalysts and keeps an Outperform rating on the stock. | | | 09:32 EDT |  | KSS | Kohl's spikes sharply after earnings beat, levels to watch
Subscribe for More Information | | | 09:19 EDT | | KSS | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:04 EDT |  | KSS | Kohl's sees Q2 EPS $1.00-$1.08, consensus $1.05
Subscribe for More Information | | | 07:03 EDT | | KSS | Kohl's reports Q1 SSS down 1.9%
Subscribe for More Information | | | 07:02 EDT | | KSS | Kohl's reports Q1 EPS 66c, consensus 58c
Subscribe for More Information | | | May 15, 2013 | | 19:59 EDT | | NWSA | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | |
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