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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:09 EDTSHLD, LINE, WSM, EGHT, SN, PLCE, NTLS, PERI, ROYL, BONT, DLTR, WB, SODA, SINA, AEO, BBY, XOMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Perry Ellis (PERY), up 15%... Children's Place (PLCE), up 10%... 8x8 (EGHT), up 8%... Dollar Tree (DLTR), up 6%... Williams-Sonoma (WSM), up 5.4%... Best Buy (BBY), up 1%. ALSO HIGHER: NTELOS (NTLS), up 25% after extending strategic network alliance through 2022 with Sprint (S)... Royale Energy (ROYL), up 18.5% after announcing large drillable target identified in Alaska... Sanchez Energy (SN), up 7.8% after acquiring acres in Eagle Ford... Linn Energy (LINE), up 3% after announcing Permian trade with Exxon Mobil (XOM). DOWN AFTER EARNINGS: Sears (SHLD), down 1.5%... Bon-Ton Stores (BONT), down 4%... Weibo (WB), down 6.4%. ALSO LOWER: SINA (SINA), down 3.4% after earnings, Q2 revenue guidance that missed estimates... CDW (CDW), down 5% after 15M share spot secondary offering priced at $28.35 per share... American Eagle (AEO), down 3% following downgrade at Citigroup... SodaStream (SODA), down 2.8% after downgraded to Underweight at Barclays.
News For SHLD;BBY;AEO;SINA;SODA;WB;DLTR;BONT;ROYL;PERI;NTLS;PLCE;SN;EGHT;WSM;LINE;XOM From The Last 14 Days
Check below for free stories on SHLD;BBY;AEO;SINA;SODA;WB;DLTR;BONT;ROYL;PERI;NTLS;PLCE;SN;EGHT;WSM;LINE;XOM the last two weeks.
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August 14, 2014
14:10 EDTAEOAmerican Eagle September volatility elevated into Q2 and autumn outlook
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14:09 EDTSINASINA technical comments ahead of earnings
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13:24 EDTSINAEarnings Preview: SINA shares down ahead of Q2 earnings report
Chinese Internet company SINA (SINA) is expected to report second quarter earnings after the market close on Thursday, August 14, with a conference call scheduled for 10:10 pm ET. SINA is an online media company that enables Internet users to access professional media and user generated content from the Web and mobile devices. EXPECTATIONS: Analysts are looking for earnings per share of 9c on revenue of $179.2M. The consensus range is (1c)-16c for EPS and $177.23M-$181.2M for revenue, according to First Call. In its last earnings report, the company gave Q2 revenue guidance of $177M-$182M. LAST QUARTER: SINA reported first quarter EPS of 15c against estimates of 16c on revenue of $171.5M against estimates of $165.25M. NEWS AND STREET RESEARCH: Following its last earnings report, the company had its price target lowered at Brean Capital, although it still considered it an undervalued asset. Pacific Crest, meanwhile, said the regulatory issues involving the revocation of two of the company's business licenses led to lower than expected Q2 revenue guidance. PRICE ACTION: SINA shares are trading nearly flat over the last three months, but are down more than 43% year-to-date. In midday trading ahead of its Q2 report, SINA is down almost 1%.
13:19 EDTSINASINA August volatility elevated into Q2 and outlook
SINA August call option implied volatility is at 107, September is at 50, December is at 44; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement into the expected release of Q2 results today after the market close.
12:46 EDTAEOHayman Capital gives quarterly update on stakes
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11:09 EDTSINA, WBOptions with increasing implied volatility: SINA WB EL
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07:25 EDTWBWeibo August volatility increases into Q2 and outlook
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August 13, 2014
08:15 EDTEGHT8x8, Inc. issued two communications patents by USPTO
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August 12, 2014
14:11 EDTSHLDSears Holdings August weekly volatility elevated into Q2 and outlook
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12:31 EDTAEOAbercrombie upgraded at Stifel citing better assortment, trimmed costs
Shares of Abercrombie & Fitch (ANF) were upgraded by research firm Stifel this morning, though the retailer's shares are slightly lower in early afternoon trading. WHAT'S NEW: Stifel analyst Richard Jaffe upgraded Abercrombie & Fitch to Buy from Hold, citing the retailer's better merchandise assortment and reshaped cost structure. Jaffe feels that Abercrombie & Fitch had been running with overblown expenses and believes that having a slimmer cost structure will allow the company to influence sales better and boost future EPS. The analyst raised his Q4 EPS estimate to $1.94 from $1.87, his FY14 EPS estimate to $2.50 from $2.43 and his FY15 EPS estimate to $3.40 from $3.14. Over the next year, Jaffe said that he expects A&F shares will be valued for the company's effort to win back customers at its Hollister and Abercrombie stores. Still, he said that Q3 could continue to be a struggle for the retailer due to external obstacles that are still a headwind. The firm maintains a $50 price target on the retailer's shares. WHAT'S NOTABLE: Analysts at Wunderlich also initiated coverage of the stock this morning with a Buy rating and a $48 price target. PRICE ACTION: During early afternoon trading, shares of Abercrombie & Fitch fell 9c, or 0.2%, to $41.47. OTHERS TO WATCH: Rivals to Abercrombie & Fitch include Aeropostale (ARO), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
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08:42 EDTAEOAmerican Eagle initiated with a Hold at Wunderlich
Target $11.
08:03 EDTBBY, WSMGoldman's Retail selections for Q2
Goldman is most above Q2 consensus for Advance Auto Parts (AAP), Best Buy (BBY) and Williams-Sonoma (WSM), sees best risk/reward in Ulta Salon (ULTA) and Sportsman's Warehouse (SPWH), and low visibility in Dick's Sporting (DKS) and Wal-Mart (WMT).
07:46 EDTXOMJacobs receives contract from Exxon Mobil
Jacobs Engineering (JEC) announced that it was awarded a contract from ExxonMobil (XOM)Chemical to provide engineering, procurement and construction services as part of a multi-billion dollar ethane cracker project in ExxonMobil’s Baytown, Texas complex and associated premium product facilities in Mont Belvieu, Texas. Company officials did not disclose the contract value. Under the terms of the contract, Jacobs is providing site enabling works and interconnections services for the two sites. Jacobs’ scope of work includes site preparation of 350 acres for the ethane cracker in Baytown and 100 acres for the product facilities in Mont Belvieu.
07:36 EDTDLTRDollar Tree filing shows Family Dollar talks underway before Icahn involvement
A regulatory filing explaining the history of the merger agreement between Dollar Tree (DLTR) and Family Dollar (FDO) showed that, on February 24, a representative of Dollar Tree's financial advisor, JPMorgan, made a telephone call to a representative of Morgan Stanley to express Dollar Tree's interest in discussing a potential business combination transaction with Family Dollar. The filing also states that on June 6 Carl Icahn and certain of his affiliates filed a Schedule 13D disclosing that together they beneficially owned approximately 9.39% of the then-outstanding shares of Family Dollar common stock and that they wished to discuss with Family Dollar its business and strategies to enhance stockholder value. That day, Icahn telephoned Howard Levine, Chairman and CEO of Family Dollar, to discuss the Schedule 13D filing and to express an interest in additional communications with Family Dollar's management regarding the company's current operations and future plans, including potential strategic opportunities and potential business combination transactions. Levine asked Icahn whether he would be willing to sign a non-disclosure agreement and Icahn declined, the filing stated. Additionally on June 6, a member of the board of directors of "Company A" emailed Levine to suggest that they speak. On June 7, Levine and the member of the board of directors of Company A had a telephone conversation, during which the representative of Company A "indicated that Company A would be reluctant to participate in the negotiation of a transaction with Family Dollar if Mr. Icahn were to have a role in or control over the process," the filing states, without identifying Company A. Many, including the Wall Street Journal, have surmised that "Company A" in the filing may refer to Dollar General (DG).
August 11, 2014
17:37 EDTXOMExxon Mobil awarded $373.92M government contract
Exxon Mobile Fuels Lubricants & Specialties Marketing Co. has been awarded a maximum $373.92M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for aviation turbine fuel and naval fuel. This contract was a competitive acquisition with 16 offers received. This is a one-year base contract with a 30-day carry-over period and no option periods. Locations of performance are Virginia and California, with an Oct. 30, 2015 performance completion date. Using service is Defense Logistics Agency Energy.
14:50 EDTSHLDSears names former Tesco executive as President, Chief Member Officer for Kmart
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13:40 EDTWB, SINATwitter sees strong demand in China, hopes to enter market, Nikkei says
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09:31 EDTXOMExxon Mobil management to meet with Oppenheimer
Meeting to be held in the Midwest on August 13 hosted by Oppenheimer.
August 8, 2014
10:35 EDTXOMSeadrill announces commitment for West Saturn unit
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