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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:38 EDTOMX, DGIT, RRGB, FNB, PVFC, BBY, HUM, SPLS, ODP, YNDXOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite a home builders confidence reading that fell a bit short of expectations. Alan Simpson and Erskine Bowles proposed a new plan for deficit reduction via tax codes changes and spending cuts with the "sequester" deadline now less than two weeks away. In spite of the political tension and looming threat, the Dow and S&P remain at multi-year highs and near their all-time highs... ECONOMIC EVENTS: In the U.S., the NAHB Housing Market Index reading of 46.0 fell short of the forecast for a reading of 48.0. In Europe, the ZEW institute's index of German investor optimism rose to 48.2 points from 31.5 in January, beating analysts' expectations... COMPANY NEWS: OfficeMax (OMX) and Office Depot (ODP) both surged after the The Wall Street Journal said the companies are in advanced talks to merge. OfficeMax gained $2.25, or 20.93%, to $13.00, while shares of Office Depot gained 43c, or 9.37%, to $5.02. Their rival Staples (SPLS) also gained $1.70, or 13.13%, to $14.65 after several research firms predicted that the company would benefit significantly if such a merger goes through and as "going private" chatter about the office retailer continues to circulate... Humana (HUM) plunged $4.98, or 6.39%, to $73.01, bearing the brunt of a decline in managed healthcare stocks after the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates. Humana said it believes the preliminary base rates in the notice would result in a mid-single-digit decline in its benchmark payment rates, while the company added that it previously expressed confidence in membership and earnings growth while assuming the Medicare Advantage payment rate would be flat to slightly down... Best Buy (BBY) shares gained 46c, or 2.73%, to $17.33 following upgrades from Stifel Nicolaus and Barclays and a Bloomberg report that said the company would make its holiday price-matching policy permanent, effective March 3... MAJOR MOVERS: Among the notable gainers was PVF Capital (PVFC), which rose $1.33, or 52.78%, to $3.85 after agreeing to be acquired by F.N.B Corp (FNB) for $3.98 per share. Also higher was Red Robin Gourmet Burgers (RRGB), up $6.88, or 18.88%, to $43.33 after its earnings and revenue beat Street expectations. Among the noteworthy losers was Digital Generation (DGIT), down $2.52, or 28.06%, to $6.46 after the company reported its quarterly results and said its special committee concluded its review of strategic alternatives without recommending any transaction. Also lower were shares of Russian search engine company Yandex (YNDX), down $2.58, or 10.08%, to $23.01 after the company's Q4 report... INDICES: The Dow was up 53.91, or 0.39%, to 14,035.67; the Nasdaq was up 21.56, or 0.68%, to 3,213.59; and the S&P 500 was up 11.15, or 0.73%, to 1,530.94.
News For OMX;ODP;SPLS;HUM;BBY;PVFC;FNB;RRGB;DGIT;YNDX From The Last 14 Days
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October 30, 2014
08:54 EDTBBYWal-Mart considers matching online prices from Amazon for holidays, WSJ says
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06:04 EDTBBYMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
07:53 EDTBBYMCX member stores block Apple Pay amid threat of fines, NY Times says
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07:35 EDTYNDXYandex management to meet with Deutsche Bank
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October 28, 2014
06:38 EDTBBYApple says Apple Pay in 220,000 locations already, Business Insider reports
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October 27, 2014
07:28 EDTHUMMedical Group Management Association to hold a conference
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07:15 EDTBBYWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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October 24, 2014
08:24 EDTBBYBofA/Merrill turning more positive on Best Buy
BofA/Merrill said it is turning more positive on Best Buy and raised estimates and its price target to $40 from $36 ahead of the Q3 report in November. The firm cites strong iPhone 6 sales and other new products for driving an increase in its Q3 comp forecast and expects the company to achieve its $1B cost savings target. BofA/Merrill expects steady margin expansion and shares repurchases to resume in 2015, which will add to earnings growth. Shares are Buy rated.
October 23, 2014
09:04 EDTYNDXOn The Fly: Pre-market Movers
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06:23 EDTYNDXYandex narrows FY14 revenue growth 27%-30%, consensus RUR$51.7B
06:22 EDTYNDXYandex reports tex-based advertising revenue accounted for 93% of Q3 revenue
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06:10 EDTYNDXYandex reports Q3 EPS adjusted net income RUR $3.9B or $99.4M
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October 22, 2014
13:58 EDTHUMHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
10:12 EDTBBYBest Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
08:36 EDTBBYBest Buy reiterated as a top pick ahead of holiday season at Barclays
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08:31 EDTFNBF.N.B. Corp. reports Q3 adjusted EPS 21c, consensus 21c
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October 21, 2014
06:22 EDTSPLSStaples may be latest retailer to be hacked, Krebs reports
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October 20, 2014
10:24 EDTSPLSStaples and Cynthia Rowley announce exclusive collaboration
Staples and designer Cynthia Rowley announce an exclusive work and home office collection that incorporates designs into everyday work and home spaces. Beginning mid-November, Staples stores nationwide will debut the exclusive Cynthia Rowley Collection.
09:01 EDTODPOffice Depot stores now accept Apple Pay
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October 17, 2014
12:01 EDTYNDXYandex volatility increases as shares trend lower into Q3 and revenue guidance
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