Stock Market & Financial Investment News

News Breaks November 27, 2012 05:35 EDT RH Restoration Hardware initiated with an Outperform at RW Baird Target $43. News For RH From The Last 14 Days Check below for free stories on RH the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 14, 2013 16:34 EDT RH On The Fly: Closing Wrap Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56. 12:43 EDT RH On The Fly: Midday Wrap Subscribe for More Information 12:00 EDT RH Restoration Hardware rises 17.8% Subscribe for More Information 10:00 EDT RH Restoration Hardware rises 17.5% Subscribe for More Information 09:48 EDT RH Restoration Hardware gaps open, spikes higher, after results Subscribe for More Information 09:24 EDT RH On The Fly: Pre-market Movers HIGHER: Groupon (GRPN), up 8% following upgrade at Deutsche Bank... SolarCity (SCTY), up 8% following upgraded to Outperform from Neutral at Credit Suisse... Smith & Wesson (SWHC), up 5.4% after earnings pre-announcement, share buyback plan... Elan (ELN), up 7.7% after starting formal sale process. UP AFTER EARNINGS: Restoration Hardware (RH), up 12.5%. LOWER: China Ming Yang Wind Power (MY), down 4% after CFO steps down... Myriad Genetics (MYGN), down another 4.9% after Supreme Court ruling yesterday on gene patents... News Corp. (NWSA), down 1.5% after CFO announces plan to retire following split. 09:00 EDT RH Restoration Hardware rises 13.3% Restoration Hardware is up 13.3%, or $7.84, to $66.80 07:45 EDT RH Restoration Hardware price target raised to $74 from $60 at RW Baird Subscribe for More Information June 13, 2013 18:51 EDT RH On The Fly: After Hours Movers Subscribe for More Information 16:20 EDT RH Restoration Hardware to launch two new businesses Subscribe for More Information 16:18 EDT RH Restoration Hardware names Richard Harvey as Chief Merchandising Officer Subscribe for More Information 16:13 EDT RH Restoration Hardware raises FY13 adjusted EPS to $1.41-$1.47 from $1.29-$1.37 Subscribe for More Information 16:10 EDT RH Restoration Hardware sees Q2 adjusted EPS 40c-42c, consensus 39c The company’s adjusted net income and adjusted diluted EPS guidance does not include non-cash stock-based compensation charges, which for Q2 are estimated to be $26.1M or follow-on offering distribution costs relating to the company's common stock. 16:08 EDT RH Restoration Hardware reports Q1 adjusted EPS 6c, consensus 4c Reports Q1 revenue $301.3M, consensus $299.13M. Reports Q1 comparable store sales up 41%. 15:25 EDT RH Notable companies reporting after market close Subscribe for More Information June 11, 2013 05:41 EDT RH Restoration Hardware initiated with a Buy at Jefferies Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.