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Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:32 EDTFIO, SIG, SHLD, AYI, MDCO, CY, MONOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday as investors shift their focus from the fiscal cliff to the fourth-quarter earnings season, set to unofficially kick off after the closing bell when Dow component Alcoa (AA) reports. Expectations for the earnings season are muted, with S&P 500 companies forecast to post earnings growth of just 2.8% for the quarter, according to Thomson Reuters. Profit-growth estimates were sharply reduced from the expected growth rate of 9.2% called for at the end of September, according to FactSet. The averages have drifted lower on fairly light volume, indicating a lack of buying rather than intense selling, as investors may be content to wait to see how the earnings season develops before stepping back in... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. In Europe, zone-wide unemployment hit a new record rate of 11.8% in November, though the European Commission also separately reported that its December Economic Sentiment Indicator improved by 1.3 points in the euro area, to 87.0, and remained generally unchanged at 88.4 in the broader EU. In Asia, Japan said it will use its foreign reserves to continue to buy bonds issued by the European Stability Mechanism to help weaken the yen... COMPANY NEWS: Sears Holdings (SHLD) said late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell about 5% near noon... Among companies reporting earnings after yesterday's close or before today's open, Monsanto (MON) advanced and Acuity Brands (AYI) declined... MAJOR MOVERS: Among the notable gainers were The Medicines Company (MDCO), up 11% after announcing results for a Phase 3 trial of one of its drugs, and Signet Jewelers (SIG), up 9% after reporting its holiday season same-store sales rose 3.3% and issuing earnings guidance. Among the noteworthy losers were Cypress Semiconductor (CY), down 9% after cutting its Q4 earnings forecast, and Fusion-io (FIO), which fell 8% after William Blair downgraded the stock to Market Perform... INDICES: Near noon, the Dow was down 68.23, or 0.51%, to 13,316.06; the Nasdaq was down 15.69, or 0.51%, to 3,083.12; and the S&P 500 was down 7.46, or 0.51%, to 1,454.43.
News For SHLD;MON;MDCO;SIG;CY;AYI;FIO From The Last 14 Days
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April 24, 2014
10:36 EDTFIOOptions with decreasing implied volatility: SRPT CREE ANGI FIO NFLX
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April 23, 2014
19:13 EDTFIOOn The Fly: After Hours Movers
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16:17 EDTFIOFusion-io sees Q4 revenue in-line to slightly up sequentially
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16:15 EDTFIOFusion-io reports Q3 EPS (10c), consensus (9c)
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15:09 EDTFIOFusion-io May 10 straddle priced for 17% move into Q3
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07:22 EDTMDCOThe Medicines Co. to acquire Tenaxis for $58M
The Medicines Company and Tenaxis Medical announced an agreement for The Medicines Company to acquire Tenaxis. Tenaxis's sole product, which mechanically seals both human tissue and artificial grafts is approved, but not launched in the US -- having received U.S. PMA approval from the FDA in March 2013 as a vascular sealant. The product is also approved with a European CE Mark as a surgical sealant applicable to cardiovascular, general, urological, and thoracic surgery. Under the terms of the agreement, The Medicines Company will pay $58M upfront on closing of the deal. The Medicines Company will also pay milestone payments of up to $112M contingent upon achieving certain commercial and -- in pursuit of even broader indications -- regulatory approval milestones.
07:08 EDTMDCOThe Medicines Co. reports Q1 adjusted EPS 33c, may not compare to consensus (7c)
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April 22, 2014
15:05 EDTFIOFusion-io volatility elevated at 77 into Q3 and outlook
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April 17, 2014
12:13 EDTSHLDSears director Thomas Tisch buys 475,000 shares
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11:48 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
Sees Q2 revenue $181M-$186M, consensus $182.84M. Sees Q2 gross margin approximately 51%. Comments taken from Q1 earnings conference call.
11:42 EDTCYCypress Semiconductor sees Q2 EPS 11c-13c, consensus 12c
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11:41 EDTCYCypress Semiconductor sees Q2 revenue $181M-$186M, consensus $182.84M
Guidance provided on the company's Q1 earnings conference call.
09:59 EDTMDCOOn The Fly: Analyst Downgrade Summary
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08:05 EDTCYCypress Semiconductor sees Q2 EPS to grow 'much faster' than revenue
The company said, "We exited the first quarter with a book-to-bill ratio of 1.08 and expect solid sequential revenue growth in the second quarter. Our Q2 earnings will grow much faster than revenue, reflecting the inherent leverage created by our efficiency improvements." Consensus for Q2 EPS and revenue are 12c and $182.84M, respectively.
08:04 EDTCYCypress Semiconductor reports Q1 adjusted EPS 7c, consensus 7c
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07:17 EDTMDCOThe Medicines Co. downgraded to Market Perform from Outperform at Leerink
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April 14, 2014
07:43 EDTSIGSignet Jewelers potential for further upside remains, says Brean Capital
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April 13, 2014
17:45 EDTSHLDLand's End shares could head lower, Barron's says
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April 11, 2014
14:26 EDTSHLDCBL & Associates expects more J.C. Penney closures
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April 10, 2014
07:24 EDTSIGCitigroup to hold a conference
Diamond Days Conference is being held in New York on April 10.

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