New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 17, 2014
11:00 EDTBURL, MTG, TSEM, SEAS, MAT, PRAN, JRJC, FXC, OMCHigh option volume stocks
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 27, 2015
10:51 EDTBURLOptions with increasing volume; OLED BURL CLVS M ACAS WBA NTES
Subscribe for More Information
10:39 EDTBURLOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT PTCT BMRN CSC JMEI BOFI RPTP HZNP BURL
November 25, 2015
07:44 EDTBURLBurlington Stores outlook positive, says BMO Capital
Subscribe for More Information
November 24, 2015
12:08 EDTBURLOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and remained there for most of the morning. The weakness was attributed to the worldwide travel alert issued by the U.S. State Department on the eve of the Thanksgiving holiday as well as the shooting down of a Russian plane by Turkey, both of which heightened the tension of investors. The averages have shown improvement since the European markets closed and have moved to their session highs to turn mixed near noon. ECONOMIC EVENTS: In the U.S., the estimate of third quarter GDP growth was boosted to 2.1% from 1.5%, matching estimates. Personal consumption growth was estimated at 3.0% in the second look, versus expectations for an increase of 3.2%. The S&P/Case-Shiller 20-city composite home price index was up a seasonally adjusted 0.6% month over month in September, versus expectations for an increase of 0.3%. The Conference Board's consumer confidence reading for November came in at 90.4, missing the consensus forecast of 99.5. COMPANY NEWS: Bill Ackman has put more funds behind his big bet in Valeant Pharmaceuticals (VRX), as filings show that Pershing Square raised its stake in the embattled drugmaker to 9.9%. In other news from a high-profile activist investor, Carl Icahn revealed that he has taken a 7.13% stake in Xerox (XRXZ) and may seek positions on the board of the company. Research firm Piper Jaffray believes that Icahn's involvement in the company can amplify the company's review and boost the stock, but was not the case at midday, as Xerox shares slipped about 2% following last night's disclosure. MAJOR MOVERS: Among the notable gainers was Dollar Tree (DLTR), which rallied 6% after it reported upbeat quarterly earnings and backed its fiscal 2015 guidance. Also higher was Burlington Stores (BURL), which gained 8% after reporting quarterly results and approving a new $200M share repurchase program. In addition, Boulder Brands (BDBD) was up 8.5% after it agreed to be acquired by Pinnacle Foods (PF) for $11 per share. Pinnacle slipped 4% following the deal announcement. Another noteworthy losers was Brocade (BRCD), which fell 8% and was downgraded to Neutral from Overweight at JPMorgan following its Q4 earnings. Also lower was Microsemi (MSCC), which dropped 6% after it agreed to acquire PMC-Sierra (PMCS), which was also 6% lower, in a $2.5B transaction. INDEXES: Near midday, the Dow was up 15.57, or 0.09%, to 17,808.25, the Nasdaq was down 8.75, or 0.17%, to 5,093.73, and the S&P 500 was down 0.7, or 0.03%, to 2,085.89.
09:41 EDTBURLBurlington Stores approves new $200M share repurchase program
The company announced that its Board of Directors had authorized the repurchase of up to an additional $200M of common stock. This brings total availability under the company's share repurchase programs to $277M. Share repurchases will be funded using the company's available cash, and the newly-announced program is authorized to be executed over the next 24 months. Commenting on the share repurchase announcement, Tom Kingsbury, Chairman, President and CEO stated: "The decision by our Board of Directors to authorize a new $200M share repurchase program reflects their confidence in our business and strategy, as well as our strong cash flow generation that enables us to invest in our growth, reduce debt and repurchase our common stock for the benefit of our shareholders."
08:32 EDTOMCCritical Mass partners with Grupo in Press to expand Brazil operations
Subscribe for More Information
06:53 EDTBURLBurlington Stores sees FY15 adj. EPS $2.28-$2.32, consensus $2.32
Subscribe for More Information
06:51 EDTBURLBurlington Stores sees Q4 adj. EPS $1.44-$1.48, consensus $1.49
Subscribe for More Information
06:49 EDTBURLBurlington Stores reports Q3 adj. EPS 25c, consensus 23c
Subscribe for More Information
November 23, 2015
15:28 EDTBURLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Analog Devices (ADI), consensus 83c... Hormel Foods (HRL), consensus 69c... Dollar Tree (DLTR), consensus 53c... Campbell Soup (CPB), consensus 76c... Signet Jewelers (SIG), consensus 39c... Tiffany (TIF), consensus 75c... Valspar (VAL), consensus $1.31... Patterson Companies (PDCO), consensus 60c... Eaton Vance (EV), consensus 59c...Burlington Stores (BURL), consensus 23c... Cracker Barrel (CBRL), consensus $1.59.
12:32 EDTBURLBurlington Stores volatility elevated into Q3 and outlook
Subscribe for More Information
06:18 EDTOMCOmnicom's DDB Worldwide acquires Grupo ABC
Subscribe for More Information
06:17 EDTOMCDDB Worldwide acquires Grupo ABC
Subscribe for More Information
November 22, 2015
17:22 EDTOMCOmnicom to buy Grupo ABC for $270M, Reuters says
Omnicom has agreed to acquire Brazilian advertising firm Grupo ABC for roughly $270M, reports Reuters, citing a source. Reference Link
November 18, 2015
09:23 EDTTSEMTowerJazz to acquire Maxim Integrated facility in San Antonio
TowerJazz (TSEM) has signed an agreement with Maxim Integrated (MXIM) to purchase Maxim's 8-inch fabrication facility in San Antonio, Texas. The proposed purchase will expand TowerJazz's current worldwide manufacturing capacity, cost-effectively increasing production by approximately 28K wafers per month. TowerJazz and Maxim expect to close the transaction in January 2016. As part of the transaction, the companies have also signed a long-term supply agreement for TowerJazz to manufacture products for Maxim in the San Antonio facility. The transaction is to be paid with TSEM ordinary shares with a total value of approximately $40M. All of the site's nearly 500 employees will be retained.
November 17, 2015
11:37 EDTTSEMTowerJazz to host analyst and investor day
Subscribe for More Information
11:22 EDTTSEMTowerJazz management to meet with Drexel Hamilton
Subscribe for More Information
11:21 EDTTSEMTowerJazz to host 2015 Supplier Day Meeting
Supplier Day Meeting to be held in Newport Beach, CA on November 17 at 4:30 pm.
10:20 EDTBURLOptions with increasing implied volatility
Options with increasing implied volatility: SGMS HZNP CSC ULTA RH BURL GME AEO BBRY TIF
November 16, 2015
15:53 EDTMATJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use