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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:16 EDTVE, STZ, ISLE, RAX, COCO, KR, TRN, SFLY, GLPI, GBX, VITCOn The Fly: Pre-market Movers
HIGHER: Vitacost.com (VITC), up 27% after agreeing to be acquired by Kroger (KR) for $8.00 per share cash. Shares of Kroger are up/down xx% after confirming the news, which had been reported by The Wall Street Journal... Shutterfly (SFLY), up 14% after Bloomberg reported that the company has hired investment bank Qatalyst Partners to find a potential buyer... Rackspace (RAX), up 7% after TechCrunch reported that the company has been negotiating with a private equity firm to borrow capital for a deal that would take the company private... Isle of Capri (ISLE), up 13.7% after Deutsche Bank believes Gaming and Leisure Properties (GLPI) could pay $15.80 per share to acquire the casino company. Note that Reuters reported Monday that both companies have renewed merger talks... CASI Pharmaceuticals (CASI), up 7.7% after its hepatocellular carcinoma treatment was granted orphan drug status by the FDA... Greenbrier (GBX), up 8% after its earnings beat expectations and it boosted its full-year view. Shares of its peers Trinity Industries (TRN) are 3.4% higher as well... Constellation Brands (STZ), up 5.8% after being quarterly expectations and raising its FY15 comparable EPS view. LOWER: CalAmp (CAMP), down 13% after reporting quarterly results and second quarter guidance below analyst estimates... Corinthian Colleges (COCO), down 3.7% after saying it has not yet reached an agreement with the Department of Education, but adding that the parties continue to negotiate... Veolia Environment (VE), down 3% after the stock was downgraded to Equal Weight from Overweight at Morgan Stanley.
News For SFLY;RAX;VITC;TRN;ISLE;GBX;KR;STZ;GLPI;COCO;VE From The Last 14 Days
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February 4, 2016
10:01 EDTSFLYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
08:33 EDTSFLYShutterfly downgraded to Neutral from Buy at BofA/Merrill
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08:02 EDTSFLYShutterfly results reflect strong Enterprise results, says Baird
Baird said Shutterfly's Q4 results reflect the strong performance from its Enterprise division and said key growth drivers remain intact. The firm expects the company to reap the benefits of its pending rollout of Shutterfly 3.0 and so they continue to see upside potential in the stock. Baird reiterated its Outperform rating and $55 price target on Shutterfly shares.
07:15 EDTGLPIGaming and Leisure Properties eyeing Meadows acquisition to close in 2H16
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07:14 EDTGLPIGaming and Leisure Properties sees Q1 AFFO 70c, consensus 66c
Sees Q1 revenue $149.4M, consensus $149.41M. Sees Q1 adjusted EBITDA $113.8M.
07:13 EDTGLPIGaming and Leisure Properties sees FY16 AFFO $2.80, consensus $2.68
Sees FY16 revenue $591.4M, consensus $644.91M. Sees FY16 adjusted EBITDA $456.5M. Guidance excludes any impact of the acquisition of PNK's real estate assets, which was announced on July 21, 2015 and any impact of the acquisition of the Meadows, which was announced on December 16, 2015.
07:11 EDTGLPIGaming and Leisure Properties reports Q4 AFFO 68c, consensus 65c
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February 3, 2016
19:35 EDTSFLYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Glu Mobile (GLUU), up 27.9%... Capstone Turbine (CPST), up 17.2%... Solaredge (SEDG), 12.6%... Take-Two (TTWO), up 8.3%... PennantPark (PNNT), up 5%... Cadence Design (CDNS), up 4.5%... Buffalo Wild Wings (BWLD), up 1%. ALSO HIGHER: VirnetX Holding (VHC), up 90.6% after the company won a $625.6M verdict in favor of in a patent infringement lawsuit against Apple (AAPL)... Viacom (VIAB, VIA), up 9.5% and 7%, respectively, after Viacom issued a brief statement which reads, "The Viacom board of directors is scheduled to meet tomorrow."... CBS (CBS), up 4.7% after Sumner Redstone has resigned as executive chairman of CBS to be replaced by CEO Leslie Moonves. DOWN AFTER EARNINGS: DHT Holdings (DHT), down 5.3%... GoPro (GPRO), down 9.9%... Imperva (IMPV), down 11.7%... Shutterfly (SFLY), down 3.8%... MetLife (MET), down 2.3%. ALSO LOWER: Ambarella (AMBA), down 2.2% after GoPro reported Q4 results.
16:12 EDTSFLYShutterfly sees FY16 GAAP EPS 19c-58c, consensus may not compare 49c
16:12 EDTSFLYShutterfly drops after earnings
In the extended session the stock is down to $37.99, off by more than 4.1% against the close. Support is at $35.22, the 52-week low. Resistance is at $39.20.
16:11 EDTSFLYShutterfly sees FY16 net revenues $1.12B-$1.16B, consensus $1.19B
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16:10 EDTSFLYShutterfly sees Q1 GAAP EPS (92c)-($1.01), may not compare to consensus ($1.20)
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16:06 EDTSFLYShutterfly reports Q4 EPS $3.45, consensus $3.56
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05:46 EDTVEVeolia to acquire Kurion for $350M
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February 2, 2016
12:17 EDTSFLYShutterfly volatility elevated into Q4 and outlook
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10:01 EDTSFLYHigh option volume stocks: DF ROK MCHP SFLY PBI IDTI IILG
February 1, 2016
12:48 EDTKROptions with increasing call volume
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January 27, 2016
08:49 EDTGBXGreenbrier could become takeover target, says KeyBanc
KeyBanc believes that M&A within the machinery sector could intensify. The firm identifies Greenbrier as the top potential target within the railcar sector, citing what it sees as the company's "solid backlog and balance sheet, as well as significant liquidity, solid dividend yield, and strong returns and free cash flow conversion." The firm says that Greenbrier's valuation has reached historic lows. It keeps a $40 price target and Overweight rating on the name. .

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