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Stock Market & Financial Investment News

News Breaks
May 6, 2014
06:56 EDTBPI, ESI, LOPE, APOL, COCO, DV, NNI, STRA, APEI, SLM, CECO, FMDSenate to vote on student loan refinance bill, Politico says
Senate Democrats are preparing to hold a vote on legislation that will allow individuals who have student loans with high interest rates to refinance them at much lower rates, according to Politico. The legislation is expected to be introduced later this week and voted on "toward the beginning of June," the website stated. Companies that provide student loans include SLM Corp (SLM), Nelnet (NNI), and The First Marblehead (FMD). Publicly traded for-profit education companies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA). Reference Link
News For SLM;NNI;FMD;APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL From The Last 14 Days
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March 26, 2015
16:39 EDTESIBlum Capital lowers stake in ITT Educational to 5% from 6.1%
10:30 EDTAPOLOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
07:47 EDTAPOLApollo Education shares still undervalued, says Stifel
After Apollo reported lower than expected Q2 revenue and provided lower than expected full-year revenue guidance, Stifel admits that the company's volumes are not recovering as quickly as it believed they would. However, the firm still believes that the stock is too cheap. It cut its price target on the name to $25 from $35 but keeps a Buy rating.
March 25, 2015
16:21 EDTAPOLOn The Fly: Closing Wrap
Stocks opened in quiet fashion and trading remained that way throughout most of the morning. The averages broke to the downside a bit before noon and once the sellers gained control the move became broad based. Each of the major equity averages dropped by about 1.5% or more, with the Nasdaq losing more than 2% of its value during the session. ECONOMIC EVENTS: In the U.S., durable goods orders dropped 1.4% in February, falling well below the consensus call for a 0.2% rise for the month. Transportation orders fell 3.5%, with orders excluding transportation down 0.4% against expectations of a 0.2% positive movement. In Europe, Germany's Ifo institute business climate index rose to 107.9 from 106.8 in March, topping expectations. COMPANY NEWS: Kraft Foods (KRFT) surged $21.84, or 35.62%, to $83.17 after announcing it has entered a definitive merger agreement with H.J. Heinz to create the Kraft Heinz Company. Under the terms of the deal, Heinz-owners Berkshire Hathaway (BRK.A) and 3G Capital will fund a special $10B cash dividend of $16.50 per share for Kraft shareholders. The new company, which will be publicly traded and 49% owned by current Kraft shareholders 51% owned by current Heinz shareholders, will become the third-largest food and beverage company in North America and fifth largest food and beverage company in the world. MAJOR MOVERS: Among the notable gainers was Kofax (KFX), which jumped $3.45, or 46%, to $10.95 after agreeing be acquired by Lexmark (LXK) for $11.00 per share in cash for a total enterprise value of approximately $1B, net of cash acquired. Lexmark, which stated the deal will "nearly double" its enterprise software business to roughly $700M, also gained $2.48, or 6.08%, to $43.27. Among the noteworthy losers was Apollo Education Group (APOL), which fell $7.95, or 28.4%, to $20.04 after reporting Q2 earnings and University of Phoenix enrollment information. Also lower were shares of Nationstar Mortgage (NSM), which declined $5.15, or 16.54%, to $25.99 after its 17.5M share spot secondary offering of stock priced at $28.95 per share. INDEXES: The Dow declined 292.60, or 1.62%, to 17,718.54, the Nasdaq fell 118.21, or 2.37%, to 4,876.52, and the S&P 500 dropped 30.45, or 1.46%, to 2,061.05.
12:52 EDTAPOLOn The Fly: Midday Wrap
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10:03 EDTAPOLHigh option volume stocks
High option volume stocks: NVO SXC SONC EXH KRFT WLB ETR LXK APOL EWH
09:57 EDTAPOLApollo Education tumbles after earnings and guidance, levels to watch
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09:24 EDTAPOLOn The Fly: Pre-market Movers
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07:38 EDTAPOLApollo Education reports University of Phoenix revenue $487.77M
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07:35 EDTAPOLApollo Education sees Q3 revenue $690M-$705M, consensus $740.86M
Sees Q3 operating income $85M-$95M, excluding special items.
07:34 EDTAPOLApollo Education sees FY15 revenue $2.63B-$2.68B, consensus $2.73B
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07:32 EDTAPOLApollo Education reports Q2 EPS ex-items (10c), consensus (16c)
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06:20 EDTAPOLUniversity of Phoenix could post stronger Q2 recruitment, WSJ says
Apollo Education's University of Phoenix may post improved Q2 results Wednesday, says the Wall Street Journal, citing a Deutsche Bank estimate of recruiting. The Journal also notes that improved online software may have improved student retention rates for the quarter, though it cautions that a "rebirth" for the organization is not likely. Reference Link
March 24, 2015
15:32 EDTAPOLApollo Education April volatility elevated into Q4 and outlook
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15:28 EDTAPOLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Paychex (PAYX), consensus 46c... Leidos (LDOS), consensus 48c... Apollo Education (APOL), consensus (16c)... Lindsay (LNN), consensus $1.13... Francesca's (FRAN), consensus 20c... Yingli Green Energy (YGE), consensus (13c).
March 23, 2015
17:20 EDTCECOCareer Education announces CFO transition
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09:43 EDTBPIBridgepoint Education management to meet with Barrington
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March 19, 2015
05:32 EDTBPIBridgepoint Education appoints Christopher Henn as COO
Bridgepoint Education's board announced the selection of Christopher Henn who, beginning April 13, will serve in the company's newly created role of Executive Vice President and COO. Most recently, Henn served as Managing Director Product for Esurance.
March 18, 2015
07:33 EDTESIITT Educational receives notice from NYSE on late filing status
ITT Educational Services announced that it did not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 on or before the due date of March 16, 2015. The company has received a notice from the NYSE that the company is subject to the NYSE's procedures under its timely filing criteria as a result of the company's failure to file the 2014 Form 10-K by the due date. Under NYSE rules, the company has six months from March 16, 2015 to file the 2014 Form 10-K. Until the company files the 2014 Form 10-K and all other periodic reports with subsequent due dates, its common stock will remain listed on the NYSE under the symbol "ESI," with a "LF" indicator to signify late filing status. The company can regain compliance with the NYSE listing standards during the six-month period once it files the 2014 Form 10-K with the SEC, but only if it has also filed all other periodic reports with subsequent due dates. The company is still evaluating the full impact of the consolidation of the 2009 Entity on these matters, and therefore cannot provide any assurance that the consolidation of 2009 Entity will not have a material negative impact on these matters, which could result in a material adverse effect on the company's results of operations, financial condition and/or cash flows. Further, the company did anticipate that it may be in noncompliance with certain covenants under its financing agreement.
March 17, 2015
17:31 EDTESIITT Educational files to delay Form 10-K
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