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Stock Market & Financial Investment News

News Breaks
March 18, 2014
19:03 EDTCWH, COCO, HLF, PSUN, ADBE, NUS, EXAS, ORCLOn The Fly: After Hours Movers
NOTABLE: Oracle (ORCL), down 3.6% after reporting third earnings and revenue that missed expectations, though the company's fourth quarter profit outlook was in-line with expectations... Adobe Systems (ADBE) shares were little-changed after hours after the company's first quarter results were posted on a company website before the market close, initially sending shares higher. Adobe confirmed the results after the close and beat on both the top and bottom lines, and on its conference call, the company said second quarter profit will be in-line with expectations while revenue is expected top estimates. HIGHER: Corinthian Colleges (COCO), up 14.2% after Shah Capital, which holds a 5.64% stake in the company, sent a letter to its board outlining strategic initiatives the company should undertake, including evaluating possible sale of non-core assets and a headcount reduction... Exact Sciences (EXAS), up 8% after a clinical trial of its Cologuard test, which it co-developed with the Mayo Clinic, showed unprecedented rates of precancer and cancer detection by a noninvasive test... Pacific Sunwear (PSUN), up 9.7% after reporting earnings and revenue that were better than expected... CommonWealth REIT (CWH), up 4.8% after activist funds Corvex and Related said 81% of CommonWealth holders approve of their proposal to remove the entire board of the company. LOWER: Nu Skin (NUS), down 4.8% after disclosing in a filing with the SEC that it has received inquiries from regulators in China, which it said may result in sanctions against the company. Shares of multi-level-marketing peer Herbalife (HLF) were down 0.4% following the disclosure.
News For ORCL;ADBE;COCO;EXAS;PSUN;CWH;NUS;HLF From The Last 14 Days
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May 21, 2015
08:15 EDTORCLSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
06:37 EDTORCLOracle to cut 40% of industry solutions team, Business Insider reports
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May 20, 2015
07:36 EDTADBEJPMorgan to hold a conference
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05:57 EDTORCLSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 19, 2015
13:05 EDTORCLSalesforce deal talks may have 'died down,' dealReporter says
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12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
May 18, 2015
20:16 EDTPSUNUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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May 17, 2015
16:50 EDTORCLWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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May 15, 2015
12:15 EDTADBEAdobe management to meet with Jefferies
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10:01 EDTADBEOn The Fly: Analyst Initiation Summary
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05:38 EDTADBEAdobe initiated with an Overweight at JPMorgan
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May 14, 2015
19:47 EDTHLFHerbalife responds to court's final approval of class action settlement
Herbalife issued the following statement: “Herbalife welcomes the decision by the U.S. District Court for the Central District of California to grant final approval of the class action settlement in the matter of Dana Bostick v. Herbalife International of America Inc et al. As we have consistently stated, we believe that the settlement is fair, reasonable and adequate to class members, and we note the court found that the low number of claimants was not surprising in light of the substantial survey results indicating that most people join Herbalife to become discount consumers of our products."
May 12, 2015
18:47 EDTHLFCasino union requests Herbalife investigation, Reuters says
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08:46 EDTEXASExact Sciences management to meet with Roth Capital
Meeting to be held in San Francisco on May 13 hosted by Roth Capital.
May 11, 2015
10:27 EDTNUSFMR reports 10.64% passive stake in Nu Skin
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