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Stock Market & Financial Investment News

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August 12, 2014
11:15 EDTMNKD, LOCO, OLED, FEYE, VNDA, RPTP, GRPN, UBNT, ZUOptions with decreasing implied volatility
Options with decreasing implied volatility: RPTP GRPN UBNT ZU MNKD LOCO OLED UVXY FEYE VNDA
News For RPTP;GRPN;UBNT;ZU;MNKD;LOCO;OLED;FEYE;VNDA From The Last 14 Days
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October 21, 2014
11:57 EDTLOCOChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
October 20, 2014
16:14 EDTGRPNGroupon updates IPhone app to include Apple Pay
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06:52 EDTMNKDMannKind initiated with a Neutral at Goldman
Target $6.
October 17, 2014
10:00 EDTZUOn The Fly: Analyst Initiation Summary
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07:46 EDTZUzulily initiated with a Buy at Canaccord
Target $45.
October 16, 2014
11:36 EDTZUOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE
11:21 EDTLOCOOptions with decreasing implied volatility: EXAS ATLS LOCO MAT
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10:01 EDTFEYEOn The Fly: Analyst Upgrade Summary
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05:31 EDTFEYEFireEye upgraded to Overweight from Neutral at JPMorgan
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October 15, 2014
11:27 EDTLOCOOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INO ATLS LOCO OPK INFY EUO FDO
09:57 EDTRPTPLeerink biotech analysts hold an analyst/industry conference call
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09:03 EDTUBNTUbiquiti Networks announces distribution agreement with ECS
Ubiquiti Networks announced a distribution agreement with ECS, a major technology distributor with over 24,500 active channel partners in China, Malaysia and the Philippines. The agreement represents a strategic move for Ubiquiti's expansion into Asian markets to bring its industry-defining broadband and enterprise solutions to customers by leveraging one of the strongest distributor networks in the region. By expanding their offerings to include Ubiquiti's leading edge platforms, ECS is providing its customers with a compelling choice for fixed-wireless broadband and enterprise technology.
October 14, 2014
11:17 EDTLOCOOptions with decreasing implied volatility
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October 13, 2014
09:23 EDTFEYEHP could buy lower valuation company, says Bernstein
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October 12, 2014
17:34 EDTFEYEJPMorgan to double spending on cybersecurity over next five years, WSJ says
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October 10, 2014
10:01 EDTGRPNOn The Fly: Analyst Downgrade Summary
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09:00 EDTGRPNOn The Fly: Pre-market Movers
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08:13 EDTGRPNGroupon downgraded to Sell from Equal Weight at Evercore
October 9, 2014
06:40 EDTFEYESource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
October 8, 2014
05:53 EDTMNKDStocks with implied volatility movement; MNKD AFSI
Stocks with implied volatility movement; MannKind (MNKD) 85, AmTrust Financial (AFSI) 68 according to iVolatility.
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