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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:38 EDTYNDX, FNB, HUM, OMX, DGIT, PVFC, SPLS, RRGB, BBY, ODPOn 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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July 29, 2015
10:41 EDTBBY, ODPOptions with increasing implied volatility
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10:27 EDTODP, BBYOptions with decreasing implied volatility
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07:36 EDTHUMHumana reaffirms FY15 adjusted EPS view $7.75, consensus $7.77
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07:35 EDTHUMHumana sees Q3 EPS approx. $2.15, consensus $2.18
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07:33 EDTHUMHumana sees Aetna transaction closing in 2H16
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07:33 EDTHUMHumana reports Q2 adjusted EPS $1.67, consensus $1.63
Reports Q2 revenue $13.73B, consensus $13.81B.
07:32 EDTHUMHumana reaffirms guidance for FY15
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July 28, 2015
15:21 EDTHUMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
10:38 EDTODPOptions with increasing implied volatility
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July 27, 2015
13:24 EDTHUMRegulators to consider 'too big to fail' in health insurance reviews, CTFN says
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08:10 EDTHUMLeerink sees at least 60% chance of Anthem, Cigna deal being approved
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06:05 EDTBBYBest Buy to begin selling Apple Watch in August, WSJ reports
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July 26, 2015
18:22 EDTHUMMedia reports say Teva to buy Allergan unit as it looks beyond Mylan
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July 24, 2015
13:25 EDTYNDXYandex volatility elevated into Q2 and outlook
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06:53 EDTSPLS, ODPAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
July 23, 2015
19:24 EDTBBYWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
08:33 EDTFNBF.N.B. reports Q2 EPS 22c, consensus 22c
Reports Q2 revenue $165.3M, consensus $163.88M. Reports Q2 loan loss provision $17.0M vs. $17.4M a year ago.
July 20, 2015
10:17 EDTSPLSHigh option volume stocks
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10:05 EDTHUMHumana renews, lengthens SilverSneakers pact with Healthways
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09:31 EDTBBYBest Buy store rationalization to be catalyst, says BB&T
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