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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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July 29, 2015
10:41 EDTRAXOptions with increasing implied volatility
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10:27 EDTRAXOptions with decreasing implied volatility
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07:17 EDTSFLYShutterfly volatility increases into Q2 and outlook
Shutterfly August call option implied volatility is at 43, September is at 35; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results today.
July 28, 2015
14:41 EDTRAXHigh option volume stocks
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13:26 EDTRAXRackspace volatility elevated into Q2 and outlook
Rackspace July weekly call option implied volatility is at 45, 7/14/15 weekly is at 77, September is at 48; compared to its 52-week range of 24 to 78, suggesting large near term price movement into the expected release of Q2 results on August 10.
July 26, 2015
16:15 EDTKRKroger recalls seasonings due to possible Salmonella contamination
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July 24, 2015
17:13 EDTGLPIPinnacle Entertainment reports 21.3% stake in Gaming and Leisure Properties
11:15 EDTTRNTrinity Industries sees extended rail car cycle due to diverse market demand
Comments from Q2 earnings conference call.
08:30 EDTSFLYShutterfly July weekly volatility elevated into Q2 and outlook
Shutterfly August call option implied volatility is at 39, September is at 30; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
July 23, 2015
19:06 EDTTRNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
16:35 EDTTRNTrinity Industries raises FY15 EPS to $4.45-$4.75 from $4.10-$4.45
Consensus is $4.43.
16:33 EDTTRNTrinity Industries reports Q2 EPS $1.33, consensus $1.09
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12:04 EDTRAXRackspace, Intel announce OpenStack collaboration
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July 22, 2015
08:32 EDTKRWestern Union, Kroger extend more than 30-year relationship
Western Union (WU) announced the extension of its more than 30-year relationship with The Kroger Co. (KR). This agreement gives customers the ability to send and receive Western Union Money Transfer transactions across the United States or across the globe to more than 200 countries and territories, in minutes. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
July 21, 2015
09:21 EDTGLPIOn The Fly: Pre-market Movers
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07:59 EDTGLPIPinnacle Entertainment to host conference call
Conference call to discuss agreement that Gaming and Leisure Properties, Inc. will acquire real estate assets will be held on July 21 at 11 am. Webcast Link
07:53 EDTGLPIGaming and Leisure to host conference call
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07:14 EDTGLPIGaming and Leisure Properties agrees to acquire Pinnacle real estate assets
Gaming and Leisure Properties (GLPI) and Pinnacle Entertainment (PNK) jointly announced that they have entered into a definitive agreement under which GLPI will acquire substantially all of Pinnacle's real estate assets in an all-stock transaction. Under the terms of the agreement, which was unanimously approved by both companies' boards, Pinnacle's operating business and the real property of Belterra Park Gaming & Entertainment will be spun off into a separately traded public company and the real estate assets held by the remaining company will be acquired by GLPI. Pinnacle shareholders will receive a fixed exchange ratio of 0.85 GLPI common shares per Pinnacle share for PropCo. Pinnacle shareholders will also receive one share of OpCo common stock for each share of Pinnacle they own. The agreed-upon exchange ratio gives PropCo an implied enterprise value of $4.75B, implying 12.6x initial year PropCo adjusted earnings before interest, taxes, depreciation and amortization, or 13.2x including transaction-related fees and expenses. Pro forma for the transaction, existing Pinnacle shareholders will own 100% of OpCo and approximately 56M shares in GLPI, representing an approximate 27% equity interest in the larger, post-transaction GLPI. Pinnacle's OpCo will continue to own and operate other assets, including Belterra Park Gaming & Entertainment, the Heartland Poker Tour, Pinnacle's interest in Retama Park, gaming licenses, gaming equipment as well as approximately 450 acres of developable land, principally in Lake Charles and Baton Rouge, adjacent to real estate GLPI would acquire. After the close of the transaction, which the companies expect will be completed in the first quarter of 2016, Pinnacle will operate the leased gaming facilities under a triple-net 10-year Master Lease agreement with GLPI that will have five subsequent, five-year extension periods at Pinnacle's option. Pinnacle will initially pay GLPI $377M in rent in the first year after close, which will result in a lease coverage ratio of 1.9x adjusted property earnings before interest, taxes, depreciation, amortization and rent/lease expense. GLPI anticipates the transaction will deliver low double-digit percentage accretion to its pro forma adjusted funds from operations per share in the first year after close. Under the triple-net lease structure, GLPI will benefit from the continued revenue growth of Pinnacle's operating assets. The combined REIT expects to continue to distribute at least 90% of its annual taxable income as dividends, and the first full year dividend per share is expected to increase by approximately a low double-digit percentage.
07:12 EDTGLPIGaming and Leisure Properties agrees to acquire Pinnacle real estate assets
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July 20, 2015
07:44 EDTGLPIRegional Gaming estimates raised at BofA/Merrill
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