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Stock Market & Financial Investment News

News For OMX;TSLA;CROX;ANF;SPPI From The Last 14 Days
Check below for free stories on OMX;TSLA;CROX;ANF;SPPI the last two weeks.
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May 8, 2013
16:38 EDTTSLATesla says recognized 4,900 vehicles as revenue in Q1
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16:37 EDTTSLATesla reports Q1 adjusted EPS 13c, consensus 4c
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15:29 EDTTSLANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c.
13:20 EDTTSLATesla Motors May 57 weekly straddle priced for 12% movement into Q1
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08:25 EDTTSLAShorts skeptical if Tesla can continue rally, WSJ says
Tesla Motors has rallied 64% this year, making it now worth $6.6B and the focus of many skeptical "short" sellers, according to The Wall Street Journal's Ahead of the Tape column. Maintaining the company's projected gross margin of 25% will depend largely on continuing subsidies and its long-term goals hinge on becoming a profitable mass-market manufacturer, the article contended. Reference Link
May 7, 2013
16:01 EDTTSLAOptions Update; May 7, 2013
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12:41 EDTTSLATesla Motors May weekly volatility elevated at 162 into Q1 and growth outlook
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10:58 EDTOMXOfficeMax sees sales declines at less negative rate than in Q1 for rest of year
Says sales weakness that experienced in late 2012 deepened more than expected in Q1. Sees cost synergy opportunity of $400M-$600M by the third year following close of Office Depot (ODP) transaction. Says will continue to make investments in e-commerce platform. Sees sales declines continuing through the year, but at less negative rate than in Q1. Says expects to close a total of 15-20 stores this year, along with selective relocations and downsizes. Says will introduce smaller format store in 2013 in Milwaukee and Portland as pilot program, says new format stores geared specifically towards small business customers. Comments made on the Q1 earnings conference call.
10:00 EDTANFOn The Fly: Analyst Upgrade Summary
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09:50 EDTTSLATesla investigating autopilot technology, talked with Google, Bloomberg says
Tesla Motors (TSLA) CEO Elon Musk said the company is considering adding technologies that can take over for drivers, according to an interview with Bloomberg. Tesla has talked with Google (GOOG) about its self-driving tech, though Musk prefers applications more like an airplane’s autopilot system, the report added. Reference Link
07:27 EDTCROXRW Baird to host a conference
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07:11 EDTOMXOfficeMax sees FY13 revenue to be lower than FY12, consensus $6.88B
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07:10 EDTOMXOfficeMax sees Q2 revenue to be lower than a year ago, consensus $1.59B
Sees April sales trends continue to be negative. Sees Q2 total company sales to be lower than a year ago, including favorable impact of foreign currency translation. The company also expects Q2 operating income margin to remain positive, but signifancatly lower than the adjusted margin for hte prior year period.
07:09 EDTOMXOfficeMax reports Q1 adjusted EPS 11c, consensus 23c
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07:06 EDTOMXOfficeMax announces special dividend of $1.50 per common share
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06:04 EDTANFAbercrombie & Fitch upgraded to Outperform from Market Perform at Wells Fargo
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06:01 EDTTSLATesla price target raised to $68 from $45 at Jefferies
Jefferies raised its price target for Tesla saying it expects short covering to continue to move shares higher. The firm notes that short interest still remains near all-time highs despite the significant rally in shares. Jefferies keeps a Buy rating on Tesla ahead of the company's Q1 results.
05:59 EDTTSLATesla implied volatility at upper end of index mean range
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May 6, 2013
16:39 EDTTSLAOn The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50.
15:23 EDTTSLATesla hires Porritt, formerly of Aston Martin, as VP of Vehicle Engineering
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