New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:54 EDTPF, RSH, CRK, ZLC, SIMO, UPRO, D, DPS, QSII, CXDC, SFLYHigh option volume stocks
High option volume stocks: QSII SIMO PF DPS ZLC SFLY D CRK CXDC UPRO RSH
News For QSII;SIMO;PF;DPS;ZLC;SFLY;D;CRK;CXDC;UPRO;RSH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 1, 2015
07:48 EDTDDominion Midstream acquires Dominion's Carolina Gas Transmission for $495M
Subscribe for More Information
March 26, 2015
10:04 EDTDPSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
07:40 EDTDPSDr Pepper Snapple upgraded at Stifel
Subscribe for More Information
05:42 EDTDPSDr Pepper Snapple upgraded to Buy from Hold at Stifel
Subscribe for More Information
March 24, 2015
11:40 EDTPFMcCormick hits 52-week high after Q1 results top expectations
Shares of spices, seasonings and condiments maker McCormick & Company (MKC) are advancing after the company's first quarter results surpassed analysts' consensus estimates. WHAT'S NEW: This morning, McCormick reported Q1 adjusted earnings per share of 70c excluding a 15c impact of special charges on revenue of $1.01B, topping analysts' consensus estimates of 64c and $985.12M, respectively. McCormick's Q1 sales rose 2% from the year-ago period and in constant currency, the increase was 6%. Consumer business sales rose 5% in constant currency in Q1 due to increased volume and product mix driven by product innovation, brand marketing support and expanded distribution. Industrial business sales grew 7% in constant currency, with higher volume and product mix, as well as pricing actions. WHAT’S NOTABLE: Looking ahead, the company forecast fiscal year 2015 adjusted EPS of EPS $3.44-$3.51, below its prior view of $3.51-$3.58 given in January and analysts' estimates for FY15 of $3.53. The company continues to expect 4%-6% sales growth in constant currency for FY15. Based on year-to-date results and prevailing exchange rates, currency is now expected to lower this sales growth range by 5 percentage points, which is more than the previous projection of 3 percentage points. In constant currency, adjusted operating income is expected to grow 6%-7% from adjusted operating income of $608M in 2014. McCormick also raised its anticipated special charges for the year to $30M from $20M due to a higher response rate to its voluntary retirement program and additional actions in EMEA. McCormick is also targeting cost reductions of at least $85M in FY15, which are expected to help offset higher material costs. The company sees its Comprehensive Continuous Improvement program delivering at least $65M in 2015, and sees savings from reorganization actions of $20M. Chairman and Chief Executive Officer Alan Wilson commented that Q1 operating income was unfavorably impacted by several factors including special charges, unfavorable currency rates and higher material costs. Wilson said the company anticipates that these headwinds will continue in 2015, but expect the benefit of pricing actions and cost reduction efforts to build in the upcoming quarters. PRICE ACTION: In late morning trading, McCormick rose $2.90 or 3.96% to $76.10 on more than twice its average daily trading volume. The stock hit a fresh 52-week high of $77.79 earlier in the session. Including today's advance, the shares have gained nearly 13% over the past 12 months. OTHERS TO WATCH: Other companies in the food space include TreeHouse Foods (THS), down 0.8%, B&G Foods (BGS), up 1.2%, and Pinnacle Foods (PF), up 0.1%.
March 23, 2015
10:32 EDTCRKComstock Resources now sees 2015 natural gas production 130-155 MMcf/d
2015 oil production is still expected to average between 9,500 to 10,500 barrels per day.
10:32 EDTCRKComstock Resources cuts 2015 capital spending plan 22% to $248M
Subscribe for More Information
March 22, 2015
14:59 EDTPFPinnacle Foods enters bidding for meatless food company Quorn, Telegraph says
Subscribe for More Information
March 20, 2015
16:22 EDTQSIIQuality Systems CFO Paul Holt resigns, John Stumpf named as interim CFO
On March 18, Paul Holt informed the board the he will resign as CFO of the company, effective April 12. Holt has served the company for over 15 years and is leaving to join NantHealth as its CFO. On March 19, the board appointed John Stumpf as the company's interim CFO, effective immediately upon Holt's departure from the company.
March 19, 2015
10:02 EDTQSIIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
March 18, 2015
16:07 EDTQSIIQuality Systems downgraded to Neutral from Outperform at RW Baird
Subscribe for More Information
10:00 EDTSFLYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Columbia Pipeline (CPPL) initiated with a Buy at Citigroup... DBV Technologies (DBVT) initiated with a Buy at H.C. Wainwright... Genocea (GNCA) initiated with an Overweight at Piper Jaffray... NiSource (NI) initiated with a Neutral at JPMorgan... On Deck Capital (ONDK) initiated with a Sell at Compass Point... Rexel (RXEEY) initiated with an Overweight at Barclays... Shutterfly (SFLY) initiated with a Buy at Axiom... Virgin America (VA) initiated with an Underperform at Credit Suisse.
06:32 EDTSFLYShutterfly initiated with a Buy at Axiom
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