New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 27, 2012
12:16 EDTRAH, MMR, GLW, ACAD, LVS, BF.B, BFA, DDS, CAG, THOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after "core" durable goods orders and a reading on consumer confidence rose. Stock index futures were slightly lower in pre-market trading, even though the terms of a new debt deal for Greece had been outlined prior to the U.S. opening bell. The major averages spent the majority of the session in negative territory despite some better than expected domestic economic data, but managed to get back on the plus side of the ledger as the lunch hour arrived... ECONOMIC EVENTS: In the U.S., the Commerce Department said non-defense capital goods orders excluding aircraft rose 1.7% in October, versus expectations for a 0.5% decline. Total durable goods orders were unchanged for the month, versus expectations for them to decline 0.7%. The S&P Case-Shiller 20-city home-price index gained 0.4% in September compared to the prior month and prices in the 20 cities rose 3.0% year over year, which were both roughly in line with forecasts. The Conference Board's consumer confidence index rose to 73.7 in November, beating expectations and hitting its highest level in almost five years. The Richmond Fed manufacturing survey for November registered +9, compared to expectations for it to slide to -9 from the prior -7 reading. In Europe, the region's finance ministers, the ECB and the IMF reached an aid deal on Greece, which is expected to help the nation reduce its debt-to-GDP ratio to 124% by 2020... COMPANY NEWS: ConAgra Foods (CAG) agreed to acquire Ralcorp Holdings (RAH) for $90.00 per share, or about $6.8B including the assumption of debt. Shares of Ralcorp shot up 26.4% to $88.76 following the deal announcement and ConAgra also advanced 4.7% after the news... In the continuation of a recent trend, several companies declared new special dividends, with Dillard's (DDS) to pay a one-time dividend of $5.00 per share, Brown-Forman (BFA, BF.B) declaring one at $4.00 per share, and Las Vegas Sands (LVS) approving its own $2.75 per share special dividend... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), up 140% following its report of positive results from a trial of its treatment for Parkinson's disease psychosis, or PDP. Also higher were shares of Corning (GLW), up nearly 8% after the company said it now sees stronger than forecasted Q4 LCD glass volume and Topeka raised its rating on the shares to Buy. Among the noteworthy losers was McMoRan Exploration (MMR), which fell over 15% after being down yesterday as well after the company provided an update on its Gulf of Mexico exploration results and indicated ongoing well difficulties. Also lower were shares of Thor Industries (THO), down 10% after its disappointing quarterly report... INDICES: Near noon, the Dow was up 3.22, or 0.02%, to 12,970.59; the Nasdaq was up 5.79, or 0.19%, to 2,982.57; and the S&P 500 was up 2.32, or 0.16%, to 1,408.61.
News For B;LVS;ACAD;GLW;MMR;THO From The Last 14 Days
Check below for free stories on B;LVS;ACAD;GLW;MMR;THO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
06:47 EDTLVSMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 16, 2014
16:17 EDTTHOThor Industries subsidiary begins construction on new production plant
Thor Industries announced that its Keystone subsidiary has begun construction on a new plant for travel trailer production adjacent to its existing complex in Goshen, Indiana. Company said "Our investment in this new plant will allow us to expand travel trailer production and better serve our dealer partners. Our dealers are committed to Keystone and optimistic regarding the future of our market, providing us with the confidence to make a sizable investment of nearly $6M in the new plant and related equipment." Keystone's new 120,000 square-foot travel trailer plant is the latest addition to a sprawling Keystone campus in Goshen, Indiana. With this expansion program, Keystone expects to increase overall travel trailer production capacity, allowing the Company to better meet the continued growth in demand for towable RVs
16:00 EDTLVSOptions Update; September 16, 2014
Subscribe for More Information
13:52 EDTLVSMacau casino owners drop after negative note from analyst
Subscribe for More Information
11:22 EDTLVSMorgan Stanley sees negative revisions to Macau consensus estimates
Subscribe for More Information
09:54 EDTBXylem names Claudia Toussaint as general counsel
Subscribe for More Information
08:08 EDTBBarnes Group announces resignation of General Counsel Claudia Toussaint
Barnes announced in a filing that on September 10, Claudia Toussaint, SVP, General Counsel & Secretary, and a named executive officer of Barnes Group, gave notice of her resignation of employment with the company. The resignation will not be effective until after an orderly transition of her duties. The company expects the resignation to be effective on or about October 20.
September 15, 2014
16:17 EDTTHOThor Industries announces expansion projects at Heartland
Thor Industries announced several projects to expand production and office space at its Heartland subsidiary in Elkhart. The projects include the purchase and renovation of an existing office building, expansion of a plant dedicated to production of lightweight travel trailers, expansion of a production facility to produce Toy Haulers, the renovation and dedication of a single facility to the production of destination trailers and the purchase and renovation of a building for a new service center. Chris Hermon, Heartland president said, "In total, we are planning to invest nearly $8M in new or renovated facilities to take better care of our dealer partners and retail consumers, at both the front end with enhanced production and the back end with superior service after the sale." Heartland expects to increase overall production capacity by nearly 20%.
09:32 EDTACADACADIA management to meet with JPMorgan
Subscribe for More Information
September 12, 2014
14:07 EDTLVSNew Jersey reports August Atlantic City gaming win up 2.3% to $305M
New Jersey reports total Gaming Win from Atlantic City casino hotels and Internet gaming operations was $305M in August, compared to $298.1M in the same month of 2013 including discontinued operators Atlantic Club and Showboat, reflecting a 2.3% increase. Total Gaming Win from the current operators of casino hotels open for the entire month of August and Internet gaming operations was $289.9M in August. Internet gaming win was $10.5M in August, consisting of $2.2M in peer-to-peer win and $8.3M in other authorized games. As of August 31, 431,617 Internet gaming accounts have been created, up 6.5% from the 405,390 accounts as of July 31. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
11:55 EDTBBarnes Group management to meet with Jefferies
Meetings to be held in Chicago ob September 17-18 hosted by Jefferies.
10:10 EDTACADHigh option volume stocks
Subscribe for More Information
September 10, 2014
09:04 EDTLVSLas Vegas Sands and Wynn Resorts recommended at Goldman
Subscribe for More Information
September 4, 2014
10:29 EDTLVSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:25 EDTLVSLas Vegas Sands downgraded to Hold from Buy at Argus
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