New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
18:26 EDTOWW, LVS, IEP, PLXS, KMP, MU, HLF, URI, YUM, SNDK, DRI, SCSSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 9.8% after reporting second quarter results and backing fiscal 2014 EPS guidance... United Rentals (URI), up 3.6%... Plexus (PLXS), up 3.3% after reporting quarterly results. ALSO HIGHER: Darden Restaurants (DRI), up 2.5% after Starboard Value announced that it has sent a letter to the board seeking new leadership... Herbalife (HLF), up marginally after Carl Icahn stated that he hasn't sold any shares... Icahn Enterprises (IEP), up just under 1% following Carl Icahn's appearance on CNBC's Delivering Alpha Conference. DOWN AFTER EARNINGS: SanDisk (SNDK), down 9.8% after reporting second quarter results... Micron Technology (MU), down 1.9% following Sandisk's second quarter results... Las Vegas Sands (LVS), down 2%... Yum! Brands (YUM), down 2.4%... Kinder Morgan Energy (KMP), down 1.9% after reporting quarterly results. ALSO LOWER: Orbitz Worldwide (OWW), down 3% after announcing a 20M share secondary offering.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
December 1, 2015
10:00 EDTYUMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Credit Suisse... Allstate (ALL) upgraded to Neutral from Sell at Citi... Campbell Soup (CPB) upgraded to Buy from Hold at Argus... Cenovus Energy (CVE) upgraded to Neutral from Sell at Goldman... Computer Programs (CPSI) upgraded to Hold from Sell at Deutsche Bank... Concho Resources (CXO) upgraded to Strong Buy from Outperform at Raymond James... Conn's (CONN) upgraded to Buy from Hold at Stifel... Delta Lloyd (DLLLY) upgraded to Neutral from Underweight at JPMorgan... Eli Lilly (LLY) assumed with an Overweight from Equal Weight at Barclays... HF Financial (HFFC) upgraded to Buy from Hold at Sandler O'Neill... Johnson & Johnson (JNJ) upgraded to Overweight from Equal Weight at Barclays... KPN (KKPNY) upgraded to Buy from Neutral at Nomura... Merck (MRK) assumed with an Overweight from Equal Weight at Barclays... Monsanto (MON) upgraded to Overweight from Neutral at Atlantic Equities... Nokia (NOK) upgraded to Outperform from Neutral at Credit Suisse... Parkway Properties (PKY) upgraded to Buy from Hold at Stifel... Pioneer Natural (PXD) upgraded to Strong Buy from Outperform at Raymond James... Rackspace (RAX) upgraded to Outperform from Sector Perform at RBC Capital... TerraForm Power (TERP) upgraded to Outperform from Perform at Oppenheimer... Windstream (WIN) upgraded to Outperform from Market Perform at Raymond James... Yum! Brands (YUM) upgraded to Outperform from Market Perform at Cowen.
09:37 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL MU BABA FB NFLX AMZN F WMT BAC
07:03 EDTLVSMacau reports November casino revenue down 32% to 16.4B patacas
Subscribe for More Information
06:43 EDTYUMYum! Brands upgraded to Outperform from Market Perform at Cowen
Subscribe for More Information
November 30, 2015
09:40 EDTLVSNevada reports October statewide gaming win down 2.85% to $887.58M
Reports October Las Vegas Strip gaming win down 5.12% to $493.63M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
09:35 EDTMUActive equity options trading on open
Subscribe for More Information
November 25, 2015
12:01 EDTHLFHerbalife says 'obviously pleased' with dismissal of Abdul Awad lawsuit
Subscribe for More Information
10:45 EDTHLFJudge dismisses shareholder suit against Herbalife for third time, Reuters says
Subscribe for More Information
09:44 EDTHLFHerbalife wins third dismissal of suit over business practices, Reuters reports
Subscribe for More Information
November 24, 2015
16:40 EDTLVSCfA retracts certain statements regarding Sheldon Adelson
Subscribe for More Information
13:26 EDTIEPTropicana Entertainment announces plans for land based gaming development
Subscribe for More Information
November 23, 2015
17:34 EDTMUIntermolecular says CDP program with Micron to conclude on April 1, 2016
Subscribe for More Information
10:54 EDTYUMBattleground: Analysts vary widely in assessing E. coli impact on Chipotle
Research firms had very different views on Chipotle's (CMG) outlook after the company announced late Friday afternoon that six new cases of E coli linked to its restaurants had been identified in four additional states, triggering a 12.5% decline in the shares. JPMorgan wrote that the selloff in the stock was overdone, as the E.Coli outbreak should have only "a limited impact" on the company's results. Similarly, research firm William Blair does not expect the casual dining company's results to be meaningfully impacted by the news. However, Bank of America/Merrill Lynch downgraded the stock two notches, to the firm's equivalent of a Sell, and Sterne Agee cut its rating on the name to Neutral, with both firms predicting that the new E.coli cases would meaningfully hurt Chipotle's results. BACKGROUND: Chipotle announced that it was informed by the federal government that six new cases of E.coli had been found which matched a previous strain of the disease linked to the company's restaurants. Five of the six newly diagnosed individuals reported that they had recently eaten at Chipotle restaurants, the company reported late Friday. The previous outbreak of E.coli had been restricted to Washington state and Oregon, but the new cases involved individuals living in California, New York, Minnesota and Ohio. BULLS: According to JPMorgan analyst John Ivankoe, the selloff in Chipotle's stock is overdone, as the E.coli outbreak seems to be "very contained and minor." The six additional cases do not mean that a "widespread outbreak" has occurred, wrote the analyst, who expects the company's comp sales to drop about 2% this quarter and to be flat in the first quarter of 2016 before rising 2% in both Q2 and Q3. Moreover, he believes that "numerous" initiatives that the company is undertaking could drive its comp sales higher. Ivankoe trimmed his price target on the name to $680 from $750 but kept an Overweight rating on the shares. William Blair analyst Sharon Zackfia says that if the 12.5% drop in the stock on Friday implies that 12.5% of the company's 2016 profits could be at risk, it appears investors expect the company's same-store sales to decline 7%-8% next year. Zackfia says that such a decline is "highly unlikely," and she believes that Chipotle's same-store sales could actually "firm" in 2016. The analyst, who expects the company to emerge "largely unscathed" from the outbreak, kept an Outperform rating on the stock. BEARS: BofA Merrill Lynch analyst Joseph Buckley lowered his rating on Chipotle two notches to Underperform, the firm's equivalent of Sell, from Buy. The new cases suggest that the E.coli outbreak is national and not just confined to the Pacific Northwest region, the analyst stated. Chipotle's same-store sales will drop 4% this quarter, as the short-term impact on the company could be magnified because it has benefited in the past from being seen as having high quality food, Buckley believes. However, the analyst added that he does not expect the E.coli outbreak to hurt the company over the longer term. Nonetheless, he slashed his price target on the name to $470 from $750. Also downgrading Chipotle was Sterne Agee analyst Lynne Collier, who cut her rating on the name to Neutral from Buy. The fact that the source of the problem has not been identified creates doubt about whether the bad news for the company is over, Collier believes. Although the new cases of E.coli appear to have occurred during the same time period as the previous reported cases, the company's sales could still be negatively affected for 6-12 months, wrote the analyst, who now expects its SSS to fall 2% this quarter. She lowered her 2016 EPS estimate for the company to $19.22 from $20.40. WHAT'S NOTABLE: Maxim Group upgraded its rating on Panera Bread (PNRA) to Buy from Hold, predicting that the restaurant operator would benefit from Chipotle's problems. The firm set a $210 price target on the shares. Yum! Brands' (YUM) Taco Bell and Jack in the Box's (JACK) Qdoba are other competitors of Chipotle. PRICE ACTION: In morning trading, Chipotle rebounded 6% to $568.33.
November 20, 2015
16:02 EDTMUOptions Update; November 20, 2015
Subscribe for More Information
11:45 EDTSNDKNimble Storage plummets to 52-week low after results, guidance trail estimates
Shares of Nimble Storage (NMBL), a flash storage solutions provider, are plunging after the company's third quarter results and fourth quarter outlook significantly trailed analysts' consensus estimates. WHAT'S NEW: Thursday night after the close, Nimble Storage reported Q3 adjusted earnings per share of (14c) and revenue of $80.7M, well below the consensus of (8c) and $87.44M, respectively. Q3 non-GAAP gross margin was 66.9% compared to 67.1% in the prior year period. GUIDANCE: Looking ahead to Q4, Nimble Storage forecast adjusted EPS of (13c)-(11c) and revenue of $87M-$90M, far below the estimates of 0c and $99.2M respectively. EXECUTIVE COMMENTARY: Suresh Vasudevan, Chief Executive Officer of Nimble Storage, noted that the company's enterprise investments were "taking longer to become fully productive" and that the shift in investment from commercial to enterprise business "impacted its commercial revenue growth more than they anticipated." Chief Financial Officer Anup Singh said, "We plan to make some key investments to drive growth that will constrain short-term profitability. We believe our planned investments will improve revenue growth as well as operating leverage over time. We expect that it will take several quarters to realize the impact of these investments and have factored that into our guidance for Q4 FY16." ANALYST REACTION: Friday morning there was a wealth of analyst commentary, with eleven separate firms downgrading Nimble Storage. Conversely, Piper Jaffray analyst Andrew Nowinski said Nimble Storage was oversold following the company's Q3 miss and push out of its break-even point beyond 2016. Estimates and the stock's valuation have been de-risked, Nowinski told investors in a post-earnings research note. He kept an Overweight rating on the name and lowered his price target for Nimble to $20 from $37. Jefferies analyst James Kisner recommended using the significant pullback in shares of Nimble Storage as a buying opportunity. Despite the missed Q3 revenue and disappointing Q4 guidance, Nimble's hybrid storage technology remains well differentiated and the total addressable market is large, Kisner told investors in a post-earnings research note. He cut his price target for shares to $20 from $33 and kept a Buy rating on the name. After Nimble reported weaker than expected results, Sterne Agee CRT still believes that the company has "a healthy franchise" in the $75,000-$125,000 price range. The firm continues to believe that the company's Hybrid product is differentiated from competing systems. It kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Nimble Storage fell $10.37, or over 50%, to $10.02 on more than seven times its average daily trading volume. As the session unfolds, the stock continues to hit fresh 52-week lows. Over the past 12 months, the stock is down approximately 62%. OTHERS TO WATCH: Other flash storage solutions providers include Pure Storage (PSTG), down 13%, NetApp (NTAP), up fractionally, SanDisk (SNDK), down fractionally, and Violin Memory (VMEM) down over 6%.
November 18, 2015
13:44 EDTMUBefore the Move: Watch Intel into tomorrow's analyst day
Chipmaker Intel's (INTC) analyst day tomorrow could yield information on numerous company operations, but Jefferies analyst Mark Lipacis cautions investors that the probability for positive surprises appears low given recent spending outlays. BACKGROUND: Intel, one of the largest semiconductor makers in the world, is scheduled to hold an analyst day on Thursday, November 19. Beyond providing forecasts for its various business segments and remarks on the larger computer market, Intel is expected to provide further clarity on several recent stories, including its memory joint venture with Micron (MU), plans to invest heavily in a Chinese production facility and progression towards chips on the 10 nanometer scale. STRONG OUTLOOK, MILD MEETING: Intel's pending acquisition of Altera (ALTR) and its plans to invest as much as $5.5B in a computer memory facility in Dalian, China leave little room for positive surprises at tomorrow's event in regards to 2016 margins, capital expenditures, or shareholder returns, Jefferies analyst Mark Lipacis said in a recent research note. That said, the analyst views Intel's Chinese facility expansion as part of a "brilliant investment strategy that positions Intel as a partner to China" and "keeps the market open" to its microprocessors, perhaps Intel's more famed business segment. Though the two initiatives are certain to push up near-term debt load, Lipacis takes the longer-term view, reminding investors that Intel has shown consistently strong free cash flow over the past decade, leading him to forecast another $13B in 2016. The year may also bring "a number" of other positives for the company, including more data center wins after the Altera tie-up, potentially renewed sales on a cyclical uptick in PC gaming, and even the possibility of an iPhone chip contract, though Lipacis said none of those points look set to be discussed tomorrow. The analyst kept a Buy rating and $38 price target on the shares while reiterating that Thursday's Intel event may have little in store for those expecting eye-grabbing surprises. PRICE ACTION: Shares of Intel have advanced roughly 0.9% to $32.92 Wednesday afternoon. "Before the Move" is The Fly's recurring series of exclusive stories that identify potentially market moving events, along with analyst predictions, ahead of the news.
13:05 EDTLVSLas Vegas Sands, MGM slip after Wynn reports opening delay for Macau casino
Subscribe for More Information
10:29 EDTSNDKOptions with increasing implied volatility
Options with increasing implied volatility: TERP CSC SGMS RH BBRY ULTA SNDK ORCL NKE VNET
08:19 EDTSNDKRBC Capital to hold a tour
Subscribe for More Information
05:40 EDTYUMStocks with implied volatility below IV index mean; YUM RAD
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use