New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:45 EDTRMTI, EXPR, ANF, BIG, DSW, GES, PANW, KORS, OVTIOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI EXPR ANF BIG DSW GES PANW KORS OVTI HSH
News For RMTI;EXPR;ANF;BIG;DSW;GES;PANW;KORS;OVTI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 29, 2014
07:13 EDTKORSMichael Kors downgraded at Janney Capital
As previously reported, Janney Capital downgraded Michael Kors to Neutral from Buy. The firm downgraded shares based on valuation, macro concerns, merchandising margin pressure, investment cycle, and maturation of North America.
05:59 EDTKORSMichael Kors downgraded to Neutral from Buy at Janney Capital
Janney Capital downgraded Michael Kors following the Q2 report citing valuation.
October 28, 2014
10:52 EDTPANWIT security stocks climb after FireEye upgrade, Radware outlook
Subscribe for More Information
October 27, 2014
07:13 EDTKORSMichael Kors Q2 earnings could beat by 5c-7c, says Piper Jaffray
Subscribe for More Information
October 24, 2014
12:49 EDTANFOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
12:21 EDTANFAbercrombie & Fitch retreats after Goldman cuts to Sell
Subscribe for More Information
10:03 EDTANFOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:18 EDTANFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
09:13 EDTANFAbercrombie & Fitch downgraded to Market Perform at BMO Capital
Subscribe for More Information
06:45 EDTANFAbercrombie & Fitch downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information
06:38 EDTANFAbercrombie & Fitch downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Abercrombie & Fitch to Sell saying the company could miss consensus expectations due to weakness in Europe, negative same store sales growth in the U.S. and unfavorable currency movements. Goldman lowered its price target for shares to $27 from $34.
October 23, 2014
11:25 EDTPANWInternet security names climb after Check Point, Fortinet beat expectations
Subscribe for More Information
October 22, 2014
06:44 EDTPANWU.S. weighing cybersecurity requirements for bank vendors, NY Times says
Subscribe for More Information
October 21, 2014
07:30 EDTPANWPalo Alto price target raised to $115 from $100 at Oppenheimer
Oppenheimer raised its price target for Palo Alto Networks shares to $115 after meeting with management and reiterates an Outperform rating on the stock. The firm thinks shares can continue to move higher as the company's fundamentals remain intact.
October 20, 2014
13:14 EDTDSWDSW's FY14 guidance more at risk today, says Sterne Agee
Sterne Agee said DSW's (DSW) FY14 EPS guidance is more at risk today following Steven Madden's (SHOO) guidance cut this morning. The analyst said lower price points and higher shipping costs are reflected in margin guidance but not the need for increased promotional activity.
13:10 EDTKORSSteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
October 17, 2014
15:15 EDTRMTIRockwell Medical volatility elevated
Rockwell Medical November call option implied volatility is at 164, January is at 121, February is at 122; compared to its 26-week average of 76 according to Track Data, suggesting large price movement into a PDUFA Date for Triferic on January 24, 2015.
10:43 EDTANFUrban Outfitters slumps after warning on continued retail sales weakness
Subscribe for More Information
10:00 EDTBIGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:11 EDTBIGBig Lots initiated with a Buy at Stifel
Target $58.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use