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Stock Market & Financial Investment News

News Breaks
November 27, 2012
11:30 EDTZLC, APO, SIG, NILEJewelers higher following report of PE interest in U.K. chains
Shares of several publicly listed jewelers are moving higher after The Telegraph reported late Sunday that private equity firm Apollo Global Management (APO) is in talks to buy Aurum, which own two U.K. jewelry chains, for about GBP180M. That valuation roughly equates to six times the forecast for the company's earnings before interest, tax, depreciation and amortization, or EBITDA, according to the report, which added that a deal may be completed as soon as this week. Shares of some U.S.-listed jewelers are moving higher today in mid-morning trading, including Signet Jewelers (SIG), up 3.87% to $54.18, Zale (ZLC), up 3.31% to $4.94 and Blue Nile (NILE) up 4.76% to $39.28.
News For SIG;ZLC;NILE;APO From The Last 14 Days
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November 26, 2014
13:42 EDTAPOApollo Global in advanced talks to buy Presidio, Reuters reports
Apollo Global is in advanced talks to acquire Presidio in a deal that could value the company at close to $1.3B, reports reuters. According to people familiar with the matter, Apollo had outbid other buyout firms and Sirius Computer Solutions in the auction for the information technology consulting company. The negotiations with Apollo have not yet been finalized. Reference Link
November 25, 2014
12:55 EDTSIGSignet Jewelers price target raised to $155 from $135 at Sterne Agee
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09:20 EDTSIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:17 EDTSIGSignet Jewelers reports Q3 net inventories up 62.6% to $2.67B
Net inventories were $2.67B, up 62.6% compared to $1.64B as of the prior year period. The increase was due almost entirely to the acquisition of the Zale division which had inventories of $979.3M.
07:15 EDTSIGSignet Jewelers CEO 'confident' in ability to meet $150M-$175M in synergies
Mark Light, Signet Jewelers CEO, commented, "While Zale SSS declined 0.9%, we remain pleased with the Zale division integration progress. In the short time period since owning Zale, we have been able to implement select initiatives to further the Zale holiday business. We remain confident in our ability to meet our goal of $150M-$175M in cumulative 3-year synergies from January-end 2015 to January-end 2018."
07:08 EDTSIGSignet Jewelers enters into rough diamond supply contract wit DeBeers
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07:05 EDTSIGSignet Jewelers revenue increase driven by Zale division
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07:03 EDTSIGSignet Jewelers sees FY15 adjusted EPS $5.51-$5.61, consensus $5.50
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07:02 EDTSIGSignet Jewelers sees Q4 adjusted EPS $2.95-$3.05, consensus $3.03
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07:01 EDTSIGSignet Jewelers reports Q3 adjusted EPS 21c, consensus 18c
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November 24, 2014
15:20 EDTSIGNotable companies reporting before tomorrow's open
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November 20, 2014
12:30 EDTNILEBlue Nile insiders selling shares as compeition increases, TheStreetSweeper says
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12:27 EDTNILEBlue Nile mentioned cautiously by TheStreetSweeper
November 19, 2014
06:03 EDTAPOSources: KKR, CD&R team up to take PetSmart private, Reuters reports
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November 18, 2014
07:31 EDTSIGSignet Jewelers names Daniel Shull as Chief Information Officer
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07:24 EDTAPOWells Fargo to hold a forum
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November 14, 2014
07:32 EDTAPOHayman Capital gives quarterly update on stakes
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November 13, 2014
18:21 EDTAPOHostess Brands owners said planning sale for early next year, Bloomberg says
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12:59 EDTAPOApollo plans bid for GSK mature drugs business, Reuters reports
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