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Stock Market & Financial Investment News

News Breaks
August 8, 2014
10:36 EDTFDO, ULTA, COV, DTV, SHPG, ESI, IGT, DKS, OREXOptions with increasing implied volatility
Options with increasing implied volatility: OREX ESI COV DKS SHPG ULTA IGT DTV FDO
News For OREX;ESI;COV;DKS;SHPG;ULTA;IGT;DTV;FDO From The Last 14 Days
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December 5, 2014
09:17 EDTULTAOn The Fly: Pre-market Movers
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09:14 EDTULTAUlta Salon price target raised to $150 from $130 at Credit Suisse
Credit Suisse raised Ulta Salon's price target to $150 citing the solid Q3 beat and raise. The firm remains bullish and reiterates its Outperform rating given market share gains, comp beats, new store openings, and accelerated brand wins.
08:54 EDTULTAUlta Salon price target raised ot$135 on strong Q3 results at Morgan Stanley
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08:29 EDTULTAUlta Salon price target raised to $145 from $135 at RW Baird
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06:09 EDTFDODollar Tree provides update on FTC review of pending acquisition of Family Dolla
Dollar Tree (DLTR) announced that it was providing an update regarding the status of the FTC's review of its pending acquisition of Family Dollar (FDO). Dollar Tree and Family Dollar have been actively engaging with the staff of the FTC as they review the pending merger. The company said, "The staff of the FTC is very focused on the discount retail sector (including how Family Dollar’s current pricing rules would impact store prices in a merger transaction) and has indicated that some divestitures will be required for the Pending Merger, which we believe will be no more than our original commitment in the July 27, 2014, Merger Agreement. Dollar Tree will work diligently with the FTC staff over the next few weeks concerning divestitures. Given the relatively small number of divestitures our transaction implicates, Dollar Tree does not expect any such divestiture to have a material impact on its plans for the combined organization. Furthermore, we believe that we will be in a position to complete the financing for the Pending Merger in January 2015 and to complete the Pending Merger as early as February 2015... In connection with its unsolicited tender offer for Family Dollar, Dollar General (DG) continues to refuse to agree to a “hell-or-high-water” commitment. Based on the foregoing concerns regarding the Pending Merger, Dollar Tree believes that the FTC may require divestitures far in excess of the 1,500 stores that Dollar General has offered to divest in its tender offer for Family Dollar... The special meeting of Family Dollar shareholders to vote on the Pending Merger is currently scheduled for December 23, 2014. To facilitate the FTC’s continued review, and in light of the practicalities associated with the transaction, Dollar Tree and Family Dollar have agreed not to close the Pending Merger until January 30, 2015, unless the FTC completes its review of the Pending Merger and terminates the waiting period at an earlier date. Dollar Tree will continue to provide additional information as the special meeting date approaches."
06:01 EDTDTVTechNet: Combined AT&T/DirecTV will increase broadband development
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December 4, 2014
18:34 EDTULTAOn The Fly: After Hours Movers
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16:09 EDTULTAUlta Salon FY14 EPS growth view in the low 20s% range, consensus $3.83
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16:06 EDTULTAUlta Salon sees Q4 EPS $1.21-$1.26, consensus $1.27
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16:04 EDTULTAUlta Salon reports Q3 EPS 91c, consensus 84c
Reports Q3 revenue $745.7M, consensus $734.03M. Reports comparable sales increased 9.5% compared to an increase of 6.8% in the third quarter of fiscal 2013. The 9.5% same store sales increase was driven by 5.4% growth in transactions and 4.1% growth in average ticket.
15:18 EDTULTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.
15:15 EDTULTAUlta Salon volatility elevated into Q3 and outlook
Ulta Salon December call option implied volatility is at 65, January is at 44, March is at 39; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results today after the market close.
14:49 EDTSHPGSalix, Shire rise after analyst says merger would be 'attractive'
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11:23 EDTCOVAppeals court reverses patent ruling in favor of J&J unit over Covidien
Ethicon Endo-Surgery, a Johnson & Johnson (JNJ) company, appealed a district court judgment regarding certain asserted patent claims of Tyco Healthcare. The appeals court affirmed-in-part, reversed-in-part, and vacated-in-part the prior judgment, because the lower court’s 102(g) findings were correct, but its 103 determination was improper, "including its decision to exclude the 102(g) prior art from the obviousness analysis," the court stated. In 2007, Tyco Healthcare changed its name to Covidien (COV). Reference Link
10:27 EDTFDODollar General says it is 'as commited as ever' to Family Dollar acquisition
Dollar General said has been actively engaged with the SEC, making good progress on that front. Since it filed its HSR notification in September, the company said it has provided the FTC with tens of thousands of documents and have had "valuable and productive discussions". Dollar General said the synergies from the acquisition are expected to benefit Dollar General shareholders and consumers for many years to come. Family Dollar is set to vote on the acquisition at a special meeting on December 23. Dollar General said it is "very aware" of the calendar and looks forward to sharing more information in the near future.
08:24 EDTCOVChinese Ministry of Commerce clears Medtronic acquisition of Covidien
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07:06 EDTFDODollar General says committed to acquiring Family Dollar
Dollar General stated: “[We] remain committed to acquiring Family Dollar. We expect to provide an update on our offer in time for Family Dollar shareholders to review such information prior to the Family Dollar shareholders’ meeting scheduled for December 23, 2014.”
06:10 EDTDTVDirecTV contract with HBO has clauses for streaming, WSJ reports
DirecTV's (DTV) contract with Time Warner's (TWX) HBO has clauses should the premium channel's streaming-video service sign up more than 450,000 subscribers nationally, Wall Street Journal reports, citing people familiar with the matter. If the subscriber number is hit, DirecTV could scale back its marketing of HBO and get the right to offer the streaming product, the Journal adds. Reference Link
December 3, 2014
19:11 EDTSHPGAstraZeneca, Shire interested in Ariad, Daily Mail reports
Ariad (ARIA) is trading higher on speculation that both AstraZeneca (AZN) and Shire (SHPG) are interested in the company with the possibility of an ensuing auction, according to the Daily Mail, which added that analysts see an acquisition price for Ariad of more than $20 per share. Reference Link
10:50 EDTDTVFCC restarts clock on Time Warner Cable/Comcast and AT&T/DirecTV deals
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