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Stock Market & Financial Investment News

News Breaks
March 28, 2014
11:44 EDTRH, FIVE, BBRY, RHT, GMEOptions with decreasing implied volatility: RH FIVE BBRY RHT GME
News For RH;FIVE;BBRY;RHT;GME From The Last 14 Days
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September 19, 2014
09:26 EDTBBRYBlackBerry global units stabilizing, says ITG Research
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08:52 EDTRHTRed Hat weakness a buying opportunity, says Northland
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08:34 EDTBBRYBlackBerry volatility elevated into Q2 and outlook
Blackberry September weekly call option implied volatility is at 94, October weekly is at 75, October is at 59, November is at 52, December is at 54; compared to its 26-week average of 56 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 26.
08:32 EDTRHTRed Hat weakness a buying opportunity, says RW Baird
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07:23 EDTRHTRed Hat price target raised to $68 from $64 at UBS
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September 18, 2014
18:25 EDTRHTOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:35 EDTRHTRed Hat down 2.7% after reporting Q2 results
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17:31 EDTRHTRed Hat raises FY15 EPS guidance by 1c to $1.53-$1.55, consensus $1.54
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17:31 EDTRHTRed Hat sees Q3 EPS approximately 40c, consensus 41c
Sees Q3 revenue $449M-$452M, consensus $457.77M. Sees operating margin approximately 25%. Guidance provided during Q2 earnings conference call.
16:24 EDTRHRestoration Hardware initiated with a Buy at CRT Capital
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16:05 EDTRHTRed Hat reports Q2 EPS 41c, consensus 38c
Reports Q2 revenue $445.9M, consensus $437.13M.
15:15 EDTRHTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 64c; Red Hat (RHT), consensus 38c; TIBCO Software (TIBX), consensus 18c.
15:00 EDTRHTRed Hat September 60 straddle priced for 6.7% move into Q2
14:21 EDTRHTRed Hat technical comments before earnings
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10:40 EDTRHPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
08:02 EDTRHTRed Hat to acquire FeedHenry for EUR63.5M in cash
Red Hat announced that it has signed a definitive agreement to acquire FeedHenry, an enterprise mobile application platform provider. FeedHenry expands Red Hatís broad portfolio of application development, integration, and Platform-as-a-Service solutions, enabling Red Hat to support mobile application development in public and private environments. Red Hat has agreed to acquire FeedHenry, a privately held company, for approximately EUR 63.5M in cash, subject to certain adjustments at closing. The transaction is expected to close in 3Q15, subject to customary closing conditions.
05:56 EDTBBRYStocks with implied volatility top IV index mean; AMD BBRY
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September 17, 2014
11:02 EDTRH, FIVEOptions with decreasing implied volatility
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07:58 EDTRHTRed Hat October volatility elevated into Q2 and outlook
Red Hat September call option implied volatility is at 92, October is at 36, December is at 29; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 18.
05:57 EDTRHRestoration Hardware implied volatility of 36 at lower end of index mean range
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