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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:13 EDTCNX, GERN, APU, SNSS, LULU, NBL, CLF, RHOn The Fly: Pre-market Movers
HIGHER: Geron (GERN), up 28.5% after FDA removes partial clinical hold on imetelstat trial... Restoration Hardware (RH), up 17.7% after reporting better than expected Q1 earnings and raising its FY14 outlook... Sunesis (SNSS), up 5.6% after stock was initiated with a Buy rating and $14 price target at UBS... CONSOL Energy (CNX), up 0.6%, and Noble Energy (NBL), up 0.8%, after the company said they intend to form a master limited partnership to provide midstream gathering services for production from their jointly owned acreage in the Marcellus Shale. LOWER: lululemon (LULU), down 17% after reporting on quarter, lowering FY14 normalized EPS view, shares downgraded at William Blair and at Stifel... AmeriGas (APU), down 5% after its 8.5M share spot secondary offering priced at $45.80 per unit... Cliffs Natural (CLF), down 2.7% after Casablanca Capital sends letter to shareholders in support of its 6 board nominees, Morgan Stanley said in a note to investors that Cliffs' dividend at risk.
News For RH;LULU;GERN;CLF;SNSS;CNX;NBL;APU From The Last 14 Days
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June 26, 2015
11:08 EDTCNXPeabody plunges after Moody's lowers credit rating
Shares of coal miner Peabody (BTU) are lower in late morning trading after Moody's Investors Service downgraded the company's credit rating last night. WHAT'S NEW: Moody's Investors Service downgraded the ratings of Peabody, including the corporate family rating, to B3 from B2, probability of default rating to B3-PD from B2-PD. The firm noted that the outlook is negative. Moody's said that the downgrade "reflects our expectation of continued deterioration in the company's credit metrics, more precipitous than we had forecasted previously, due to the ongoing decline in the seaborne metallurgical coal markets." The firm expects that the company's Debt/EBITDA, as adjusted, will approach 9x in 2015. Moody's said that although it anticipates some recovery in 2016, it sees the leverage remaining elevated at around 7x. Absent asset sales, the company will generate negative free cash flows in 2015 and 2016, Moody's said in the report. WHAT'S NOTABLE: Moody's said that a further downgrade would be considered if liquidity deteriorated, free cash flows were repeatedly negative and/or Debt/EBITDA exceeded 8x on a sustained basis. PRICE ACTION: Shares of Peabody are down over 9.5% to $2.08 in late morning trading, rebounding from an earlier low of $1.92. OTHERS TO WATCH: Other companies in the coal mining space include Alpha Natural Resources (ANR), Arch Coal (ACI) and CONSOL Energy (CNX).
10:23 EDTLULUAnalyst warns lululemon seeing increased competition in Canada
lululemon's (LULU) Canadian stores will probably be under pressure as new competitors have entered the company's core yoga apparel market there, research firm Macquarie warned in a note to investors earlier today. The firm highlighted one such competitor, Lole's Learning. WHAT'S NEW: Canada based Lole’s Learning and lululemon have similar products, similar prices, similar marketing events and similar store locations, Macquarie analyst Laurent Vasilescu reported. However, Lole's prices are "a tad more competitive," the analyst stated. Lole's started out as a wholesaler, but now has about 2,000 retail locations, many of which are within walking distance of lululemon stores, the analyst stated. Lole's has grown at a compound annual growth rate of 29% over the last five years, according to Vasilescu, who kept a $42 price target and Underperform rating on lululemon. WHAT'S NOTABLE: On June 9, lululemon reported slightly stronger than expected first quarter results and said that its U.S. stores were posting strong same-store sales trends in the initial weeks of Q2, while its Canadian stores were seeing positive Q2 comp trends. PRICE ACTION: In early trading, lululemon rose 1% to $68.29.
10:00 EDTRHOn The Fly: Analyst Upgrade Summary
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09:04 EDTRHRestoration Hardware upgraded to Buy on RH Modern launch at BB&T
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06:52 EDTRHRestoration Hardware upgraded to Buy from Hold at BB&T
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June 25, 2015
12:34 EDTNBLNoble, Delek to maintain control of Leviathan gas field, Reuters says
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10:19 EDTLULUlululemon recalling women's tops with elastic draw cords due to injury hazard
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June 24, 2015
10:43 EDTCNXStocks with call strike movement; BBRY CNX
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June 23, 2015
10:03 EDTCNXHigh option volume stocks
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07:34 EDTNBLGlobal Hunter Securities to hold a conference
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June 22, 2015
06:02 EDTLULUStocks with implied volatility below IV index mean; QIHU LULU
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June 18, 2015
10:33 EDTRHOptions with decreasing implied volatility
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09:57 EDTRHRestoration Hardware announces pricing of $250M convertible notes offering
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09:33 EDTRHRestoration Hardware trading halted, pending news
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06:09 EDTRHRestoration Hardware implied volatility of 29 at lower end of index mean range
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June 17, 2015
10:37 EDTRHOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU BOX RH ADBE NLY
10:00 EDTAPUOn The Fly: Analyst Upgrade Summary
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05:28 EDTAPUAmeriGas upgraded to Buy from Hold at Jefferies
Jefferies upgraded AmeriGas to Buy with a $53 price target saying the recent pullback in shares provides a buying opportunity.
June 16, 2015
10:11 EDTRHOptions with decreasing implied volatility
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05:58 EDTRHRestoration Hardware implied volatility of 29 at lower end of index mean range
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