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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
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October 22, 2014
16:12 EDTEGHT8x8, Inc. reports Q2 EPS 5c, consensus 3c
Reports Q2 revenue $39.6M, consensus $39.51M.
12:19 EDTLINEOptions with decreasing implied volatility
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10:12 EDTBBYBest Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
09:58 EDTSINASINA discloses resignation of EVP Chen
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08:36 EDTBBYBest Buy reiterated as a top pick ahead of holiday season at Barclays
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07:47 EDTROYLRoyale Energy confirms new high rate well
Royale Energy announced it has achieved a sustained rate of 1.6M cubic feet per day after opening an initial 2 feet of a 65 foot gross interval in the recently drilled McKinney well. Following the flow test, a pressure build test resulted in a total pressure of 4,165 psi. Based on the thickness, pressure and areal extent, this multi-BCF well is likely to be counted among the company's largest discoveries. Following the installation of the pipeline now underway, the well will be placed on production for 7-20 days before opening an additional 30 feet to incrementally add to productive capacity. The full 65 foot interval is expected to be opened later in the year as winter gas demand rises.
07:34 EDTXOMFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.
October 21, 2014
17:27 EDTDLTRFamily Dollar certifies substantial compliance with FTC
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12:49 EDTWBAcxiom, Weibo announce partnership
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10:50 EDTSODASodaStream long idea reiterated by Tilson at Robin Hood, Bloomberg reports
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
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06:06 EDTAEOAmerican Eagle initiated with an Outperform at BlueFin
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October 20, 2014
16:20 EDTSHLDOn The Fly: Closing Wrap
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16:00 EDTSHLDOptions Update; October 20, 2014
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15:07 EDTSHLDSears Holdings November volatility elevated on sharp rally
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10:11 EDTSHLDSears comments on rights offering, Primark deal in blog entry
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08:31 EDTDLTRFamily Dollar sets Oct. 30 as record date for special meeting of stockholders
Family Dollar Stores (FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree (DLTR).
07:24 EDTSHLDSears board approves rights offering
Sears announced that the company’s board of directors has approved a rights offering allowing its stockholders to purchase up to $625M in aggregate principal amount of 8% senior unsecured notes due 2019 and warrants to purchase shares of its common stock. This rights offering will generate up to an additional $625M in proceeds, if it is fully subscribed and closes as planned, with the proceeds to be used for general corporate purposes. The subscription rights will be distributed to all stockholders of record of the company, and every stockholder will have the right to participate on the same terms in accordance with its pro rata ownership of the company’s common stock, except that holders of the company’s restricted stock that is unvested as of the record date are expected to receive cash awards in lieu of subscription rights. In the rights offering, the company anticipates that holders of its common stock, other than holders of restricted stock that is unvested, will receive subscription rights on a pro rata basis based on shares of common stock held at the close of business on October 30, the record date for the rights offering. Each subscription right will entitle the holder thereof to purchase, at a subscription price equal to the principal amount of each note, one unit, consisting of an 8% senior unsecured note due 2019 in a principal to be determined and a number of warrants equal to that principal amount divided by the strike price for the warrants, with each warrant entitling the holder thereof to purchase one share of the company’s common stock at a strike price of $28.41, the closing market price on October 17. The warrants will be exercisable for a period of five years following the offering. Upon the closing of the rights offering, the components of the units will immediately separate from one another such that the senior unsecured notes and warrants will constitute separate securities and will be transferable separately. The subscription rights will be transferable and are expected to be listed and traded on the NASDAQ. The senior unsecured notes will be transferable but will not be listed for trading on any exchange. The warrants will be transferable, and the company intends to apply to list the warrants for trading on the NASDAQ. Holders of subscription rights who fully exercise all of their subscription rights may also make a request to purchase additional units through the exercise of an over-subscription privilege, although we cannot assure investors that any over-subscriptions will be filled.
06:15 EDTSHLDSears files automatic mixed securities shelf
06:07 EDTSHLDSears enters into lease agreement with Primark for seven standalone stores
Sears Holdings announced that it has entered into lease agreements with Primark for seven standalone stores. Sears will continue to have a significant presence in six of these locations with a streamlined store format of up to 100,000 selling square feet at each store. Pursuant to the terms of such agreements and subject to customary conditions, Primark will lease from Sears Holdings a total of approximately 520,000 gross square feet of retail space in mall-based stores located in the Northeastern United States. The space is expected to be delivered to Primark over the next 12 to 18 months.
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