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News Breaks
August 21, 2014
HIGHER: Semtech (SMTC), up 3.4% after Bloomberg says that the Infineon (IFNNY) deal positions Intersil (ISIL) and Semtech for good fortune... Auxilium (AUXL), up 3.8% after announcing positive data from Phase 2a study of CCH with cellulite. DOWN AFTER EARNINGS: Sears (SHLD), down 2.6%... Kirkland's (KIRK), down 9.4%... Stage Stores (SSI), down 7%... (WUBA), down 8.8%. ALSO LOWER: Guess (GES), down 4.2% after disclosing resignation of Chief Design Officer... Medley Capital (MCC), down 2.5% after filing to sell 5M shares of common stock... Kindred Biosciences (KIN), down 28.1% after reporting that the company's pivotal field study of CereKin did not meet its primary endpoint... Ampio (AMPE), down 18.5% after delaying data analysis of STEP Study due to temperature deviations...
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August 3, 2015
13:32 EDTSHLDNY AG confirms toy gun sales settlement with Amazon, Walmart, others
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11:04 EDTSHLDAmazon, Wal-Mart, others settle toy gun sales probe in NY, Bloomberg says
Five retailers, including Amazon (AMZN) and Wal-Mart (WMT) have agreed to pay over $300,000 to end an investigation in New York into alleged sales of toy guns that were deemed too realistic, Bloomberg reports. Under an agreement to be officially announced later, the retailers, which also include Kmart, Sears (SHLD), and ACTA, will pay fines and create procedures to ensure that illegal toy guns are not sold in the state of New York, the report says. Reference Link
10:00 EDTIFNNYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Overweight at Morgan Stanley... Assurant (AIZ) upgraded to Buy from Underperform at BofA/Merrill... BG Group (BRGYY) upgraded to Outperform from Neutral at Credit Suisse... CarMax (KMX) upgraded to Conviction Buy from Buy at Goldman... Extended Stay America (STAY) upgraded to Outperform from Neutral at Baird... Finish Line (FINL) upgraded to Buy from Neutral at Buckingham... First Potomac (FPO) upgraded on positive outlook at BMO Capital... Helmerich & Payne (HP) upgraded to Accumulate from Neutral at Global Hunter... Infineon (IFNNY) upgraded to Neutral from Underperform at BofA/Merrill... NVIDIA (NVDA) upgraded to Outperform from Neutral at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Goldman... RAIT Financial (RAS) upgraded to Buy from Neutral at Ladenburg... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Torchmark (TMK) upgraded to Market Perform from Underperform at FBR Capital... WebMD (WBMD) upgraded to Buy from Neutral at SunTrust... WestRock (WRK) upgraded to Outperform from Market Perform at Wells Fargo... Whiting Petroleum (WLL) upgraded to Buy from Hold at Canaccord.
09:04 EDTIFNNYInfineon upgraded to Neutral from Underperform at BofA/Merrill
06:19 EDTSHLDSears announces $1B tender offer
Sears announced that it has commenced a tender offer to purchase for cash up to $1B principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018. The aggregate principal amount of Notes currently outstanding is $1.238B. The terms and conditions of the Offer are set forth in an Offer to Purchase and related Letter of Transmittal, each dated August 3. Holders of Notes are urged to read the Offer to Purchase and Letter of Transmittal carefully before making any decision with respect to the Offer. The Offer is scheduled to expire at 11:59 p.m., New York City time, on August 28. Jefferies is serving as Dealer Manager for the Offer.
06:17 EDTSHLDSears sees Q2 EPS $1.46-$1.92 with items, one estimate ($2.65)
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06:13 EDTSHLDSears sees Q2 adjusted EBITDA ($189M)-($249M)
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July 30, 2015
09:05 EDTISILIntersil M&A potential should support shares, says Susquehanna
Susquehanna said Intersil's disappointing Q2 results were not a surprise as they had seen weakness in Asia and lowered their estimate accordingly. The firm believes management will mitigate its current revenue weakness through cost controls and noted its mention as a potential M&A candidate should provide a floor for shares. Susquehanna maintained its Positive rating but lowered its price target to $14 from $18 on Intersil shares.
July 29, 2015
16:16 EDTISILIntersil sees Q3 adjusted EPS 12c-15c, consensus 18c
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16:15 EDTISILIntersil reports Q2 adjusted EPS 16c, consensus 16c
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July 27, 2015
11:22 EDTWUBAAnalyst says Chinese Internet firms seeing 'healthy' consumer demand
Chinese Internet stocks are among the many classes of Chinese stocks traded in New York that are weak this morning, though research firm Pacific Crest wrote in a note to investors today that after traveling to China and conducting checks, the firm is more upbeat on e-commerce company (WUBA), online travel agency Qunar (QUNR) and online video company Youku Tudou (YOKU). WHAT'S NEW: After speaking with Chinese advertising and e-commerce companies, as well as with Chinese companies that are exposed to online services, Pacific Crest analyst Cheng Cheng believes that consumer demand for Internet products and services is "stable and healthy." The decline in the stocks of Chinese Internet companies has created buying opportunities, Cheng believes. He identified and Qunar as his favorite picks in the sector heading into second quarter results. Both stocks have declined about 20% over the last 1-2 months, but the core businesses of both companies are accelerating, the analyst stated. Specifically, most of's end markets "are showing strong or at least healthy underlying demand," while Qunar is poised to benefit from an acceleration of demand for its hotel rooms, the analyst believes. Meanwhile, Youku is benefiting from strong demand from advertisers, wrote Cheng, who kept Overweight ratings on and Qunar and maintained a Sector Weight rating on Youku. WHAT'S NOTABLE: Cheng added that he remains "positively biased" towards Baidu (BIDU) and Alibaba (BABA). Baidu is slated to report its second quarter results tonight. He kept Overweight ratings on both stocks. PRICE ACTION: In late morning trading, slid 4.6% to $62, Qunar retreated 5.7% to $40.65 and Youku fell 4.7% to $19.20 amid broad weakness in Chinese stocks trading in New York after China's home Shanghai composite index fell 8.5% overnight.
08:43 EDTWUBAChina Internet consumer demand stable, healthy, says Pacific Crest
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July 22, 2015
08:38 EDTSHLDNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 21, 2015
10:14 EDTAMPEHigh option volume stocks:
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