New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 3, 2014
13:32 EDTPETM, NQ, PCAR, LO, SNX, RAIOn The Fly: Closing Wrap
Major stock indexes hit record highs for a third day in a row to close out the holiday shortened week, with the Dow Jones Industrial Average managing to rise above 17,000 for the first time. Like the Dow, the S&P 500 opened at a new all-time high and managed to close at one as well following the better than expected non-farm payrolls data. The volume was light, as was to be expected with investors preparing to head out for the Independence Day weekend. ECONOMIC EVENTS: The U.S. economy added 288,000 jobs in June, easily topping economists' expectations of 215,000. The unemployment rate fell to 6.1% from last monthís 6.3% level. The weekly jobless claims data showed initial claims were 315K, versus the expected 313K. The trade balance report showed a deficit of $44.4B, which was below the consensus forecast for a deficit of $45B. Markit's services PMI rose to 61.0 in June from May's 58.1 reading, though it was revised down from the June flash reading of 61.2. ISM services index dipped to 56.0 in June from 56.3 in May, though that matched expectations. In Europe, the ECB kept the interest rates on its main refinancing operations, the marginal lending facility and the deposit facility unchanged. COMPANY NEWS: Shares of PetSmart (PETM) surged $7.48, or 12.5%, to $67.28 after activist investor Jana Partners disclosed that it has acquired a 9.9% stake in the company and intends to have talks with its board of directors and management regarding a review of strategic alternatives, including exploring a sale. Afterward, research firm Oppenheimer said it views a sale of the company as unlikely in the near-term, adding that it does not expect a "quick fix" for PetSmart. Oppenheimer maintained its Perform rating on the stock. MAJOR MOVERS: Among the notable gainers was PACCAR (PCAR), which rose $3.47, or 5.44%, to $67.25 after research reports said Daimler's (DDAIY) truck chief claimed to have been told that Volkswagen (VLKAY) wants to take over the truck maker, even though a spokesman for Volkswagen told Dow Jones that there is "no truth" to the reports that it is planning an acquisition bid. Also higher was Lorillard (LO), which advanced $3.26, or 5.33%, to $64.41 after CNBC's David Faber reported, citing sources, that Reynolds (RAI) is on track to acquire Lorillard "within weeks." Shares of Reynolds also gained $1.40, or 2.33%, to $61.56 following Faber's report and similar headlines from Bloomberg. Among the noteworthy losers was China's NQ Mobile (NQ), which plunged $2.18, or 32.25%, to $4.58 after the company reported that the chair of its audit committee is stepping down and that its independent auditors, PricewaterhouseCoopers, communicated to the company that it would need to perform additional procedures and expand the scope of its audit work. Also lower were shares of SYNNEX (SNX), which fell $3.56, or 4.82%, to $70.37 following the company's Q2 earnings report. Citi attributed the post-earnings sell-off to the company's conservative outlook and the firm said SYNNEX remains its top small cap pick. INDEXES: The Dow rose 92.02, or 0.54%, to 17,068.26, the Nasdaq gained 28.19, or 0.63%, to 4,485.92, and the S&P 500 advanced 10.82, or 0.55%, to 1,985.44.
News For PETM;NQ;PCAR;LO;SNX;RAI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
10:03 EDTLOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
06:39 EDTLOLorillard upgraded to Market Perform from Underperform at Cowen
Price target is $62.
October 23, 2014
07:05 EDTRAI, LOLorillard says on track to close Reynolds American merger in 1H15
The company said, "We are very excited about completing the combination with Reynolds, which we expect to occur in the first half of 2015, as it delivers significant and immediate value to our shareholders, as well as a meaningful ownership stake in the combined company that will enjoy multiple flagship tobacco brands well-positioned for continued long-term success."
07:04 EDTLOLorillard reports Q3 adjusted EPS 90c, consensus 90c
Reports Q3 revenue $1.83B, consensus $1.33B. Lorillard retail market share of cigarettes for Q3 was 15.1%, increasing 0.3 share points compared to the corresponding period of 2013. Newport retail market share for Q3 was 12.8%, increasing 0.3 share points versus last year.
06:16 EDTPETMPetSmart attracts interest from KKR, NY Post reports
Subscribe for More Information
05:56 EDTNQStocks with implied volatility above IV index mean; NQ TLM
Stocks with implied volatility above IV index mean; NQ Mobile (NQ) 184, Talisman Energy (TLM) 83 according to iVolatility.
October 22, 2014
15:37 EDTLONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
06:06 EDTNQStocks with implied volatility above IV index mean; NQ TLM
Stocks with implied volatility above IV index mean; NQ Mobile (NQ) 178, Talisman Energy (TLM) 89 according to iVolatility.
October 21, 2014
11:41 EDTNQNQ Mobile 'not a stock for real investors,' Muddy Waters says
Muddy Waters said via Twitter that NQ Mobile is "not a stock for real investors, just pure gamblers."
11:15 EDTRAIHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
07:11 EDTRAI, LOReynolds American says responding to second request from FTC regarding Lorillard
Subscribe for More Information
07:10 EDTRAIReynolds American still sees FY14 adjusted EPS $3.35-$3.45, consensus $3.38
Subscribe for More Information
07:09 EDTRAIReynolds American reports Q3 adjusted EPS 95c, consensus 91c
Reports Q3 revenue $2.24B, consensus $2.19B.
07:09 EDTRAIReynolds American reaffirms FY guidance
Subscribe for More Information
06:26 EDTNQStocks with implied volatility above IV index mean; NQ CMG
Subscribe for More Information
October 20, 2014
15:36 EDTRAINotable companies reporting before tomorrow's open
Subscribe for More Information
October 16, 2014
11:36 EDTNQOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE
10:00 EDTSNXSYNNEX management to meet with Needham
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use