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July 17, 2014
11:00 EDTTSEM, JRJC, MAT, MTG, PRAN, SEAS, BURL, OMC, FXCHigh option volume stocks
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL
News For OMC;FXC;TSEM;JRJC;MAT;MTG;PRAN;SEAS;BURL From The Last 14 Days
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July 17, 2014
16:27 EDTPRANPrana updates Alzheimer disease development program
Prana Biotechnology has provided an update on its clinical development program for Alzheimer's disease. In Professor Colin Masters' July presentation, which includes data from Prana's phase 2 IMAGINE and EURO trials, he noted that the starting amyloid burden level in the PBT2 treated participant group had an important bearing on the decrease of amyloid over time in that participant, whereas there was no such correlation in the placebo group. Separately, Prana has confirmed the top line finding that there is a very promising trend towards the preservation of brain volume in PBT2 treated patients compared to placebo patients.
13:18 EDTMATOn The Fly: Midday Wrap
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11:00 EDTMTG, MAT, SEAS, TSEM, JRJC, BURL, PRAN, OMC, FXCHigh option volume stocks
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL
10:55 EDTMATMattel topples after Q2 earnings miss estimates
Shares of global toy product manufacturer Mattel (MAT), are toppling over after the company's second quarter earnings results fell below analysts' consensus. WHAT'S NEW: Mattel's reported Q2 earnings per share of 8c, which was not comparable to a consensus of 18c since the company said its EPS number included a tax benefit of 11c per share and a negative impact of 7c per share of MEGA Brands acquisition and integration costs. Excluding both of these items, EPS was 3c per share. Mattel's Q2 revenue was $1.06B, which missed analysts' consensus estimates of $1.19B. For Q2, the company reported that its Girls and Boys Brands sales were down 13%, Fisher-Price Brands sales were down 17%, American Girl Bands revenue was up 6% and revenue from its Construction and Arts & Crafts Brands was $61.6M. WHAT'S NOTABLE: During its earnings conference conference call, Mattel said that it plans to increase advertising spending in the second half of the year to build momentum for key brands. It sees improving global trends in point-of-sale but says the company still has a lot of work to do to improve those trends. As Mattel looks to the third quarter, it sees continued challenges from current headwinds. With the MEGA brands deal now closed, the company aims to improve profitability of MEGA brands on a global basis and believes the acquisition will be accretive to earnings in fiscal year 2015. It expects lower international sales and is investing heavily in markets in Russia and China. Mattel is looking to maintain gross margins in the low to mid-50% range in near term. It noted that it aims to achieve a modest increase in SG&A due to severance and ongoing growth investments, excluding the MEGA Brands acquisition. Inventory fair value adjustment related to existing MEGA Brands-owned inventory should wind down in Q3, the company said. Amortization is expected to decrease to $17M in 2015 and $9M in 2016. PRICE ACTION: Shares of Mattel are down $2.31, or 5.92%, to $36.72 in morning trading. OTHERS TO WATCH: Mattel peer Hasbro (HAS), which reports quarterly earnings on July 21, is relatively flat at $52.59. JAKKS Pacific (JAKK) is up almost 1.5% to $8.20 and and LeapFrog (LF) is up 3.02% to $7.66.
09:49 EDTMATMattel says gearing-up for holiday season sales in 2H14
Says investing heavily in Russia and China markets.
09:31 EDTMATMattel says 'Frozen' brand continuing to grow
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09:15 EDTMATOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
09:08 EDTMATMattel to increase advertising spending in 2H14
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08:17 EDTMATMattel aims to maintain gross margins in low to mid-50% range in near term
Says its 2014 SG&A goal, excluding MEGA Brands, remains to achieve modest increase in Mattel SG&A, including severance and ongoing growth investments. Says inventory fair value adjustment, required by purchase accounting for opening balance sheet, related to existing MEGA Brands-owned inventory should wind down in Q3. Says amortization expected to decrease to $17M in 2015 and $9M in 2016. Comments taken from slides of the company's Q2 earnings conference call presentation.
06:23 EDTBURLBurlington Stores raises Q2 SSS growth to 3%-4% from 2%-3%
For the full year, the company expects operating margin rates consistent with previous guidance, including an increase in Adjusted EBITDA margin rate of 10 to 20 basis points, as compared to the prior fiscal year.
06:18 EDTMATMattel reports Q2 Girls and Boys Brands sales down 13% to $389M
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06:18 EDTMATMattel reports Q2 EPS 8c, not comparable to consensus 18c
Q2 EPS of 8c includes tax benefit of 11c per share and negative impact of 7c per share of MEGA Brands acquisition and integration costs. Reports Q2 revenue $1.06B, consensus $1.19B
July 16, 2014
14:55 EDTMATMattel July 39 straddle priced for 5.1% move into Q2
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11:50 EDTMATMattel technical comments before earnings
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10:24 EDTTSEMHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
09:23 EDTMTGOn The Fly: Pre-market Movers
HIGHER: Time Warner (TWX), up 15% after company confirmed that it rejected an $80B takeover offer from 21st Century Fox (FOX, FOXA), as had been reported earlier this morning... Apple (AAPL), up 2% after announcing an enterprise mobile partnership with IBM (IBM), which is also up 2%... International Game (IGT), up 9.5% after agreeing to be acquired by GTECH for $4.7B in cash and stock... FireEye (FEYE), up 5% after shares upgraded at Goldman... Precision Drilling (PDS), up 4% after announcing strategic agreement with Schlumberger (SLB), upgraded at Deutsche Bank... Mellanox (MLNX), up 4.7% following upgrade at Jefferies. UP AFTER EARNINGS: Intel (INTC), up 5.4%... HCA Holdings (HCA), up 6%... Textron (TXT), up 3.2%... Abbott (ABT), up 1%. DOWN AFTER EARNINGS: PNC Financial (PNC), down 2.5%... MGIC Investment (MTG), down 3.6%. LOWER: Yahoo (YHOO), down 3% after downgraded at CRT Capital following second quarter earnings report... Ares Capital (ARCC), down 2.5% after filing to sell 11.85M shares of common stock... Nationstar (NSM), down 2.4% after downgraded at Wells Fargo... Walter Investment (WAC), which was also downgraded at Wells Fargo, down 1.6%.
07:03 EDTMTGMGIC Investment reports Q2 new insurance written $8.3B
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07:02 EDTMTGMGIC Investment reports Q2 EPS 12c, consensus 14c
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July 15, 2014
15:19 EDTMTGNotable companies reporting before tomorrow's open
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July 14, 2014
05:51 EDTMTGStocks with implied volatility movement; MTG LNCO
Stocks with implied volatility movement; MGIC Investment (MTG) 59, LinnCo (LNCO) 23 according to iVolatility.
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