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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
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April 24, 2014
16:05 EDTLVSLas Vegas Sands reports Q1 casino revenue $3.37B vs. $2.74B last year
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16:01 EDTLVSLas Vegas Sands reports Q1 adjusted EPS 97c, consensus 93c
Reports Q1 revenue $4.01B, consensus $3.88B.
15:26 EDTBNotable companies reporting before tomorrow's open
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15:26 EDTLVSNotable companies reporting after market close
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April 23, 2014
14:52 EDTLVSLas Vegas Sands April 78 straddle priced for 4.7% move into Q1
April 22, 2014
07:52 EDTLVSLas Vegas Sands April weekly volatility elevated at 66 into Q1 and outlook
Las Vegas Sands April weekly call option implied volatility is at 66, May is at 35, June is at 31, September is at 29; compared to its 26-week average of 31 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 24.
April 17, 2014
09:07 EDTTHOThor Industries acquires RV manufacturer K-Z for $53.4M
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April 14, 2014
14:06 EDTLVSNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. 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).
10:02 EDTGLWOn The Fly: Analyst Downgrade Summary
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05:42 EDTGLWCorning downgraded to Hold from Buy at Stifel
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April 11, 2014
19:02 EDTACADACADIA names CEO Hacksell principal financial, accounting officer
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12:42 EDTGLWOn The Fly: Analyst Downgrade Summary
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06:32 EDTGLWCorning downgraded to Neutral from Buy at UBS
UBS downgraded Corning to Neutral from Buy due to relative outperformance. Price target raised to $22.50 from $19.50.
April 10, 2014
10:24 EDTLVSMGM holds up amid broader downtrend after analyst recommends stock
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