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Stock Market & Financial Investment News

News Breaks
February 13, 2013
10:01 EDTSGEN, RAX, KOS, DELL, VMED, RCII, WLP, SAPE, PIKE, NSP, CLF, RKUS, MDP, IT, CLWR, RXN, HNZ, FOSL, RATEOn the Fly: Analyst Downgrade Summary
Today’s noteworthy downgrades include: Bankrate (RATE) downgraded to Neutral from Buy at Citigroup... Clearwire (CLWR) downgraded to Underperform from Market Perform at Raymond James... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Fossil (FOSL) downgraded to Underperform from Market Perform at FBR Capital... Gartner (IT) downgraded to Equal Weight from Overweight at Barclays... Heinz (HNZ) downgraded to Neutral from Buy at UBS... Insperity (NSP) downgraded to Neutral from Buy at SunTrust... Meredith (MDP) downgraded to Neutral from Buy at Roth Capital... Pike Electric (PIKE) downgraded to Neutral from Buy at Janney Capital... Rexnord (RXN) downgraded to Equal Weight from Overweight at Barclays... Ruckus Wireless (RKUS) downgraded to Hold from Buy at Needham... Sapient (SAPE) downgraded to Equal Weight from Overweight at First Analysis... Fossil (FOSL) downgraded to Outperform from Buy at CLSA... Wellpoint (WLP) downgraded to Neutral from Buy at Monness Crespi... Dell (DELL) downgraded to Hold from Buy at Maxim... Kosmos (KOS) downgraded to Accumulate from Buy at Global Hunter... Rent-A-Center (RCII) downgraded to Hold from Buy at Stifel Nicolaus... Rackspace (RAX) downgraded to Hold from Buy at Stifel Nicolaus... Seattle Genetics (SGEN) downgraded to Hold from Buy at Needham... Virgin Media (VMED) downgraded to Equal Weight from Overweight at Evercore.
News For RATE;CLWR;CLF;FOSL;IT;NSP;HNZ;MDP;PIKE;RXN;RKUS;SAPE;WLP;DELL;RAX;RCII;KOS;SGEN;VMED From The Last 14 Days
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February 17, 2015
18:36 EDTRAXOn The Fly: After Hours Movers
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18:17 EDTRAXJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
16:56 EDTFOSLFossil drops 13% to $85.99 after results, outlook miss estimates
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16:20 EDTFOSLFossil tumbles to new 52-week low after hours
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16:17 EDTRAXRackspace falls after earnings, levels to watch
Shares are down over 6% in the extended session to $46.85 following results. At that price next support is at $45.51. Resistance is at $47.29.
16:09 EDTFOSLFossil, Kate Spade announce global licensing agreement
Fossil Group (FOSL) and Kate Spade (KATE) announced the companies have signed a global licensing agreement for the design, development and distribution of kate spade new york watches through 2025. Through the partnership, Fossil Group assumes the existing watch business successfully built under the kate spade new york brand and will begin distributing the assortment through its extensive global network. Fossil Group will launch the first collection of watches designed, developed and distributed in collaboration with kate spade new york, a global lifestyle brand, in 2016. Product will be available in kate spade new york stores as well as key retailers globally.
16:08 EDTFOSLFossil says FY15 'significantly negatively impacted' by currency, restructuring
For fiscal 2015, the Company expects that its results will be significantly negatively impacted by foreign currency changes as well as restructuring charges. It sees 2015 restructuring charges of 35c.
16:07 EDTFOSLFossil says on track to deliver long term goal
The company said, "As we begin 2015, we believe we remain on track to continue to deliver on our long term goal of driving profitable top-line growth while investing in high return initiatives that can fuel our momentum over the long term. The addition of kate spade new york to our multi-brand portfolio, which we announced today, is yet another great example of our ability to capitalize on lifestyle brands that are poised for global expansion. Our priorities are to invest in developing our digital capabilities, advance our wearable technology initiative, drive efficiencies in our operating model, and continue to leverage our competitive advantages of world-class design, production and global distribution to grow Fossil, Skagen and our multi-brand portfolio. We remain excited about our outlook and while we recognize near-term challenges, we expect fiscal 2015 to be another year of significant accomplishments towards our overarching objective to deliver sustained growth and outstanding returns for our shareholders over the long-term."
16:06 EDTFOSLFossil sees Q1 EPS 59c-69c, consensus $1.21
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16:05 EDTFOSLFossil sees FY15 EPS $5.45-$6.05, consensus $7.54
Sees FY15 net sales to be in the range of a 3% decrease to a 1% increase and Operating margin in a range of 12%-13%.
16:04 EDTFOSLFossil reports Q4 EPS $3.00, consensus $3.07
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16:04 EDTRAXRackspace sees FY15 revenue $2B-$2.1B, consensus $2.08B
Sees FY15 revenue to grow between 14%-18% on a constant currency basis. Based on foreign currency movements to date, Rackspace anticipates a 200 basis point headwind to revenue growth for the full year of 2015, resulting in GAAP revenue in the range of $2.0B-$2.1B. The company expects adjusted EBITDA margins to be between 33%-36% for the year.
16:03 EDTRAXRackspace sees Q1 revenue $477M-$484M, consensus $490.51M
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16:02 EDTRAXRackspace reports Q4 EPS 26c, consensus 19c
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15:32 EDTFOSL, RAXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
15:09 EDTRAXRackspace February 50 straddle priced for 8.4% movement into Q4
14:35 EDTFOSLFossil technical remarks ahead of results
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14:24 EDTFOSLFossil February volatility elevated into Q4 and outlook
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10:28 EDTRAXJANA Partners reports 5.6% passive stake in Rackspace
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07:33 EDTRAXRackspace volatility elevated into Q4 and outlook
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