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Stock Market & Financial Investment News

News For SNE;CAT;HES;BBY;KERX;FURX;JOSB;ROP;MW;RPRX;BBBY From The Last 14 Days
Check below for free stories on SNE;CAT;HES;BBY;KERX;FURX;JOSB;ROP;MW;RPRX;BBBY the last two weeks.
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August 1, 2014
10:00 EDTBBBYOn The Fly: Analyst Downgrade Summary
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08:20 EDTBBBYBed Bath & Beyond downgraded at Oppenheimer
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06:18 EDTBBBYBed Bath & Beyond downgraded to Perform from Outperform at Oppenheimer
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July 31, 2014
05:39 EDTSNESony reaffirms FY15 outlook for income, sales
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05:36 EDTSNESony reports Q1 net income 26.8B yen vs. 3.1B yen last year
Reports Q1 revenue 1.81T yen vs. 1.71T yen last year. Sony said the sales increase was due to a significant increase in Game & Network Services segment sales, reflecting the contribution of the PlayStation 4 which was launched in November 2013, a significant increase in Pictures segment sales primarily due to higher theatrical revenues in Motion Pictures, as well as the favorable impact of foreign exchange rates.
July 30, 2014
11:47 EDTSNESony turned down participating in 'EA Access' program, Game Informer reports
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10:32 EDTCATCaterpillar upgraded to Neutral from Underperform at Tigress Financial
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09:53 EDTBBYBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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09:06 EDTMWMen's Wearhouse shares recommended at Goldman
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09:04 EDTHESOn The Fly: Pre-market Movers
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08:34 EDTMWMen's Wearhouse guidance leaves room for upside, says Cowen
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07:36 EDTHESHess Corp. boosts share repurchase program to $6.5B from $4B
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07:33 EDTHESHess Corp. reports Q2 adjusted EPS $1.38, consensus $1.18
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07:01 EDTHESHess Corp. to pursue formation of MLP
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05:48 EDTCATStocks with implied volatility movement; SODA CAT
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July 29, 2014
15:53 EDTHESNotable companies reporting before tomorrow's open
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12:13 EDTMWOn The Fly: Midday Wrap
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11:54 EDTJOSB, MWMen's Wearhouse sees EPS reaching at least $5.50 by 2017
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11:51 EDTMW, JOSBMen's Wearhouse sees gross margin to improve 150-200 bps through 2017
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11:49 EDTJOSB, MWMen's Wearhouse targeting minimum sales over $3.7B by 2017
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11:37 EDTRPRXHigh option volume stocks
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11:17 EDTMW, JOSBMen's Wearhouse says it has 'a lot' of visibility into Jos. A. Bank cost synergy
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11:13 EDTMW, JOSBMen's Wearhouse drops 4% as analyst day meeting continues
09:01 EDTCATCaterpillar board announces $2.5B accelerated stock repurchase
Pursuant to the terms of the accelerated stock repurchase agreements, Caterpillar has agreed to repurchase a total of $2.5 billion of its common stock from Société Générale, with an immediate delivery of approximately 22 million shares based on current market prices.
07:39 EDTROPRoper Industries price target raised to $150 from $140 at Canaccord
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06:29 EDTMWMen's Wearhouse announces Q2 to date comparable sales
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July 28, 2014
08:19 EDTROPRoper Industries sees FY14 revenue growth of 8%-9%, consensus $3.54B
Sees FY14 organic growth of 6%-7%; Sees FY14 tax rate of approximately 31%.
08:19 EDTROPRoper Industries sees Q3 revenue growth 5%-6%, consensus $891.85M
Sees Q3 tax rate of approximately 32%.
08:18 EDTROPRoper Industries sees Energy Systems & Control mid-single digit revenue growth
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07:30 EDTMWMen's Wearhouse to host analyst day
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07:03 EDTROPRoper Industries reports Q2 organic growth of 8%
The company said "all segments grew organically, led by double-digit growth in both our Medical and RF segments."
07:02 EDTROPRoper Industries sees Q3 EPS $1.49-$1.53, consensus $1.57
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07:02 EDTROPRoper Industries raises FY14 EPS to $6.27-$6.37 from $6.22-$6.36
FY14 EPS consensus of $6.30
07:01 EDTROPRoper Industries reports Q2 EPS $1.56, consensus $1.50
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July 25, 2014
10:02 EDTCATOn The Fly: Analyst Downgrade Summary
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08:59 EDTCATCaterpillar downgraded to Neutral from Positive at Susquehanna
Susquehanna downgraded Caterpillar citing valuation.
July 24, 2014
17:17 EDTKERXKeryx up 3% in after hours trading after Zerenex meets phase 3 primary end-point
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12:32 EDTCATOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
11:14 EDTCATCaterpillar says Q3 likely to be weakest profit quarter of year
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09:32 EDTSNESony to raise production capacity for stacked CMOS image sensors, DigiTimes says
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09:16 EDTCATOn The Fly: Pre-market Movers
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07:53 EDTCATCaterpillar down 1.3% after Q2 earnings, guidance revision
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07:43 EDTCATCaterpillar Financial reports Q2 revenue $728M
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07:38 EDTCATCaterpillar sees $2.5B stock repurchase in Q3
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07:37 EDTCATCaterpillar raises FY14 EPS view to $6.20 from $6.10, consensus $6.23
Narrows FY14 revenue view to $54B-$56B from $53.2B-$58.8B, consensus $56.23B. Most of the change in the mid-point of the range is in Construction Industries and reflects weaker sales in China, the CIS and in the Africa/Middle East region. The expectation for restructuring costs in 2014 is now about $400M—the bottom end of the $400M-$500M range that was previously expected. The company said, "After a sizable drop in sales and revenues in 2013, our ongoing forecasting process has, since the third quarter of last year, pegged 2014 as a roughly ­flat year for sales. That's still the case. There have been plusses and minuses, but they've both been relatively muted in the context of our total sales and revenues. While we'd certainly like to see improvement in economies around the world, and more specifically, the mining industry, the stability that we've seen this year has helped. Even though sales and revenues are relatively flat compared to last year, we've improved the bottom line with better execution and continued focus on costs."
07:34 EDTCATCaterpillar raises FY14 EPS view, narrows FY14 revenue outlook
07:33 EDTCATCaterpillar reports Q2 EPS $1.57, consensus $1.53
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July 23, 2014
15:30 EDTCATNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Ford (F), consensus 36c; General Motors (GM), consensus 58c; Potash (POT), consensus 46c; Caterpillar (CAT), consensus $1.52; 3M (MMM), consensus $1.91; Union Pacific (UNP), consensus $1.43; Bristol-Myers Squibb (BMY), consensus 44c; Eli Lilly (LLY), consensus 65c; Celgene (CELG), consensus 89c; Precision Castparts (PCP), consensus $3.35; Raytheon (RTN), consensus $1.59; Noble Energy (NBL), consensus 79c; Hershey (HSY), consensus 76c; Southwest Airlines (LUV), consensus 61c; Boston Scientific (BSX), consensus 19c; JetBlue (JBLU), consensus 19c.
12:59 EDTCATEarnings Preview: Caterpillar shares near 52-week high ahead of Q2 report
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10:47 EDTCATCaterpillar July weekly volatility elevated into Q2 and outlook
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10:44 EDTCATCaterpillar read-through modest negative for Cummins, says Wells Fargo
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10:28 EDTCATCaterpillar reports 3-month end June retail machine sales down 10%
Caterpillar disclosed in a regulatory filing earlier that its total retail sales of machines for the 3-month rolling period ended June were down 10%. In the rolling period, retail machine sales were down 30% in Asia/Pacific, down 21% in EAME, down 18% in Latin America and up 14% in North America. Total energy & transportation retail sales for the 3-month rolling period were down 10%.
10:20 EDTSNESony investing to increase stacked CMOS image sensor production
Sony (SNE) announced earlier that it plans to invest in Nagasaki TEC and Kumamoto TEC from the second half of FY14 through the first half of FY15 to increase its production capacity for stacked CMOS image sensors. This investment is primarily intended to reinforce Nagasaki TEC's layering process production capabilities, as well as Kumamoto TEC's mastering process facilities. The current investment is expected to enable Sony to complete subsequent stages of production, including the layering process, at Nagasaki TEC on semiconductor chips that have undergone the mastering process at Yamagata TEC, providing Sony with a fully integrated production system for stacked CMOS image sensors. This investment forms part of Sony's mid - to long-term plan to increase its total production capacity for image sensors to approximately 75K wafers per month and is expected to increase the current capacity of approximately 60K wafers per month to approximately 68K wafers per month in August 2015. Sony intends to bolster its manufacturing capacity for stacked CMOS image sensors, and further strengthen its integrated supply operations, and to thereby reinforce its leading market position. The total investment amount is expected to be approximately Y35B to be carried out in FY14 and in FY15. Of this, the amount to be invested in FY14, or approximately Y9B, was included in the forecast of capital expenditure for semiconductors in the current fiscal year of approximately Y65B announced on May 14. Note that OmniVision Technologies (OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
10:02 EDTMWOn The Fly: Analyst Initiation Summary
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08:53 EDTMWMen's Wearhouse reinstated with a Buy at Goldman
Target $72.
July 22, 2014
16:04 EDTSNESkullcandy names David Raffone as Chief Sales and Revenue Officer
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06:17 EDTSNEGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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July 21, 2014
10:45 EDTBBYAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
09:22 EDTCATCaterpillar confident in chances in tax suit, WSJ says
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07:41 EDTCATWhistleblowers allege bogus repairs by Caterpillar unit, WSJ says
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06:23 EDTSNEUpscale Sony Walkman enjoying a comeback in Japan, WSJ reports
Sony's new $700 Walkman, which is aimed at premium buyers, is enjoying a small comeback, the Wall Street Journal reports. The company says the ZX1, which houses 128 gigabytes of storage, is selling well in Japan. Reference Link
July 20, 2014
11:58 EDTCATCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
07:22 EDTSNETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:06 EDTSNEXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTSNESony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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