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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:34 EDTSPW, NKE, PNK, GDI, RHT, YUM, HLF, ASCA, RIMMOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the day, after news last night out of Washington indicated that House Speaker Boehner's 'Plan B' failed to garner enough support for passage in the House, leaving the fiscal cliff unresolved as lawmakers head home for Christmas. Light volume in the markets saw the averages trade in a narrow range following the morning's selloff... ECONOMIC EVENTS: Reports showed U.S. personal income rose 0.6% in November, versus the expected increase of 0.3%. Consumer spending climbed 0.4% in the month, which matched expectations. Durable goods orders rose 0.7% in November, versus the expected increase of 0.3%. Excluding transportation items, orders jumped 1.6%, versus the expected decline of 0.2%. The final University of Michigan Consumer Confidence reading for December was revised down to 72.9 from a prior 74.5 reading. Analysts called for it to rise slightly to 75.0... COMPANY NEWS: After yesterday's close, Research in Motion (RIMM) reported Q3 revenue that beat consensus estimates and quarterly losses that were not as steep as feared, though the company said on its conference call that it plans to introduce a lower enterprise service tier, which multiple Wall Street analysts said may cut into one of its highest margin revenue streams. Shares of RIM opened higher in yesterday's after hours session, but quickly reversed and the weakness continued into today's trading, eventually closing down $3.21, or 22.73%, to $10.91...Yum! Brands (YUM) saw shares down $2.61, or 3.93%, to $63.88, the stock's third straight day of losses following reports that Chinese authorities were testing chicken suspected to have contained an antiviral medicine... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase Ameristar for $26.50 per share, or $2.8B. Shares of Pinnacle gained $2.85, or 21.35%, to $16.20 on the news, while Ameristar gained $4.43, or 20.07%, to $26.50. Also higher following earnings reports were Nike (NKE), up $6.10, or 6.16%, to $105.10, and Red Hat (RHT), up $2.38, or 4.52%, to $54.99. Among the noteworthy losers were shares of Herbalife (HLF), down $6.43, or 19.08%, to $27.27 as the company's public fight with Bill Ackman intensifies. Also lower were shares of Gardner Denver (GDI), down $8.14, or 10.78%, to $67.40 after a Reuters report said the company's takeover talks with SPX Corp. (SPW) fell through... INDICES: The Dow was down 120.88, or 0.91%, to 13,190.84; the S&P was down 13.54, or 0.94%, to 1,430.25; the Nasdaq was down 29.38, or 0.96%, to 3,021.01.
News For RIMM;YUM;PNK;ASCA;RHT;NKE;HLF;GDI;SPW From The Last 14 Days
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June 22, 2015
08:08 EDTRHTRed Hat names Frank Calderoni as EVP, operations, CFO
Red Hat (RHT) announced that Frank Calderoni will join the company as EVP, operations and CFO. Calderoni will be responsible for leading the company’s global finance organization and the leadership and management of IT and operations teams, reporting to Red Hat president and CEO, Jim Whitehurst. Calderoni served as EVP and CFO at Cisco Systems (CSCO) for seven years and most recently served as an executive advisor. Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31. Calderoni joins Red Hat on June 22, 2015, and will succeed Peters as CFO effective July 13, 2015.
June 19, 2015
14:50 EDTNKENike June weekly volatility elevated into Q4 and growth outlook
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13:38 EDTRHTOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU PIR RHT BLUE KMX RAD KBH ADBE ACM KR
09:00 EDTRHTRed Hat position should be added to on pullbacks, says Baird
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08:06 EDTRHTRed Hat price target raised to $85 from $79 at Stifel
Stifel believes that Red Hat reported solid Q1 results, and the firm thinks the company will have significant leverage over time. The firm believes that the company has continued momentum and it keeps a Buy rating on the shares.
07:20 EDTRHTRed Hat price target raised to $88 from $78 at UBS
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07:15 EDTRHTRed Hat well positioned for sustained growth, says Stephens
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07:11 EDTRHTRed Hat reported strong Q1 results, healthy guidance, says Cantor
Cantor believes that Red Hat's core business is strong, while its emerging technologies are showing strong growth. The firm raised its price target on the name to $90 from $85 and keeps a Buy rating on the stock.
June 18, 2015
19:00 EDTRHTOn The Fly: After Hours Movers
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17:24 EDTRHTRed Hat sees Q2 EPS approximately 44c, consensus 45c
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17:23 EDTRHTRed Hat raises FY16 EPS view to $1.81-$1.84 from $1.79-$1.82, consensus $1.81
Backs FY16 revenue view, $1.99B-$2.02B, consensus $1.99B. Guidance from Q1 earnings call.
17:09 EDTRHTRed Hat says 'optimistic' on view for remainder of year
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17:03 EDTNKENike boardmembers Douglas G. Houser and Orin C. Smith retiring in September
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16:07 EDTRHTRed Hat reports Q1 subscription revenue of $425M, up 14% year-over-year
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16:06 EDTRHTRed Hat reports Q1 operating cash flow $209M
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16:04 EDTRHTRed Hat reports Q1 EPS 44c, consensus 41c
Reports Q1 revenue $481M, consensus $472.59M.
15:27 EDTRHTNotable companies reporting after market close
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14:21 EDTRHTRed Hat technical comments before earnings
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11:31 EDTYUMOptions with increasing implied volatility
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June 16, 2015
09:04 EDTRHTSilicon Graphics signs OEM agreement with Red Hat
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