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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:06 EDTSPR, JBLU, MFRM, PIR, OSIR, DXCM, PWE, END, EWP, VCHigh option volume stocks
High option volume stocks: SPR EWP END PWE DXCM OSIR PIR MFRM JBLU VC
News For SPR;EWP;END;PWE;DXCM;OSIR;PIR;MFRM;JBLU;VC From The Last 14 Days
Check below for free stories on SPR;EWP;END;PWE;DXCM;OSIR;PIR;MFRM;JBLU;VC the last two weeks.
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August 20, 2014
17:44 EDTJBLUJetBlue shares can continue higher, Barron's says
JetBlue shares can continue higher if the company can add some new revenue streams, Barron's contends in its "Barron's Take" column. Reference Link
10:04 EDTJBLUOn The Fly: Analyst Upgrade Summary
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06:29 EDTJBLUJetBlue upgraded to Outperform from Market Perform at Cowen
August 19, 2014
08:19 EDTJBLUFAA issues NOTAM restricting U.S. operations from flying over Syria
The Federal Aviation Administration issued a new Notice To Airmen restricting U.S. operators from flying in the Damascus Flight Information Region, which includes all of Syria. The FAA said, "This replaces the current NOTAM in place that strongly advises U.S. operators against flying in that airspace and requires them to contact the FAA before they operate in that airspace. Based on an updated assessment of the risk associated with such operations and the lack of any requests from operators wishing to fly in this airspace, we believe it prudent to prohibit U.S. operators from flying into, out of, and over Syria. The ongoing armed conflict and volatile security environment in Syria poses a serious potential threat to civil aviation. Armed extremist groups in Syria are known to be equipped with a variety of anti-aircraft weapons which have the capability to threaten civilian aircraft. Opposition groups have successfully shot down Syrian military aircraft using these anti-aircraft weapon systems during the course of the conflict. Opposition elements have previously warned civilian air carriers against providing service to Syria. Due to the presence of anti-aircraft weapons among the extremist groups and ongoing fighting in various locations throughout Syria, there is a continuing significant potential threat to civil aviation operating in Syrian airspace." Publicly traded companies in the airline industry include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL).
August 12, 2014
21:14 EDTPWEPenn West delayed in filing unaudited financial statements
Penn West provided an update on its Audit Committee's review announced on July 29. Penn West said it is "working diligently and devoting all necessary resources to file its Q2 financial statements and related disclosures and its restated historical financial statements and related disclosures as soon as practicable, and in any event anticipates filing them no later than the October 14, 2014 date contemplated by the Management Cease Trade Order." As anticipated in its July 29, announcement, the company has concluded that it will be delayed in filing its unaudited interim financial statements for the three and six month periods ended June 30. The company advised lenders under its bank facility and holders of its senior unsecured notes of defaults arising from matters in relation to the decision to restate certain historical financial results and the delay in filing the company's Q2 filings. The company has obtained a waiver of the defaults under its bank facility from its lenders which, subject to certain conditions, has the effect of extending the cure period under its Bank Facility until October 14. During this period, Penn West has access to up to approximately $660M under its bank facility, approximately $250M of which has been drawn to date. Accordingly, the company believes that it has access to sufficient funds to satisfy its liquidity needs during the cure period.
14:17 EDTJBLUJetBlue reports July traffic up 4.3%
JetBlue Airways reported its traffic in July, measured by revenue passenger miles, increased 4.3% from the same month of last year on a capacity increase of 3.5%. Load factor for July was 88.3%, an increase of 0.7 points from July of last year. JetBlue's preliminary completion factor was 97.0% and its on-time performance was 65.8%. JetBlue's preliminary passenger revenue per available seat mile for the month of July increased 1% year over year.
06:28 EDTMFRMMattress Firm price target raised to $63 from $57 at Citigroup
Citigroup raised its price target for Mattress Firm shares citing improving industry trends and further opportunities for market share gains following the company's better than expected preliminary Q2 results. Citi reiterates a Buy rating on the stock.
August 11, 2014
16:50 EDTMFRMOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory but were never able to gain any upside momentum. There was little to account for the initial move other than no change to the status quo for Israel and Russia. The averages moved in a narrow range but managed to stay on the plus side into the close, though in lackluster fashion. ECONOMIC EVENTS: In the U.S., no significant economic data was released. In prepared comments for a conference, Federal Reserve Vice Chairman Stanley Fischer said rebounds across advanced economies have been disappointing, leading the Fed and other observers to lower their long-term expectations for growth potential in the U.S. COMPANY NEWS: Shares of Kinder Morgan (KMI) advanced $3.25, or 9.0%, to $39.37 after announcing it will consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). The total transaction has a value of about $70B and the combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140B, the company said. Afterward, Kinder Morgan was upgraded to Buy from Neutral at BofA Merrill Lynch, though Wells Fargo viewed the plans as mixed near-term. Wells believes the deal helps address some of the structural issues that have been pressuring Kinderís valuation in recent quarters, but it believes itís unclear how the market will ultimately value the new structure and the firm kept its Market Perform rating on all four stocks involved. MAJOR MOVERS: Among the notable gainers was salad and banana distributor Chiquita Brands (CQB), which jumped $3.04, or 30.22%, to $13.10 to close above the $13 per share takeover offer announced by Cutrale Group and the Safra Group. Note that Chiquita previously agreed to combine with Fyffes plc in a stock-for-stock transaction. Also higher was Mattress Firm (MFRM), which advanced $6.52, or 13.58%, to $54.53 after reporting preliminary second quarter results that beat expectations and raising it fiscal year outlook. Among the noteworthy losers following their earnings reports were Walter Investment (WAC), which fell $3.52, or 12.45%, to $24.75, and Inovio (INO), which dropped 99c, or 9.94%, to $8.97. INDEXES: The Dow edged up 16.05, or 0.1%, to 16,569.98, the Nasdaq gained 30.43, or 0.7%, to 4,401.33, and the S&P 500 rose 5.33, or 0.28%, to 1,936.92.
08:10 EDTMFRMMattress Firm raises FY14 adjusted EPS view to $2.03-$2.13 from $1.88-$2.00
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08:09 EDTMFRMMattress Firm sees Q2 EPS 58c-61c ex-items, consensus 49c
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07:05 EDTPIRDeutsche Bank discusses LBO chatter in Retail space
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August 10, 2014
21:03 EDTSPRMachinist union to sue Spirit AeroSystems over outsourcing, Wichita Eagle says
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20:27 EDTJBLUEngine fire on JetBlue Airbus A321 single aisle jet forces evacuation, WSJ says
A JetBlue (JBLU) Airbus (EADSY) A321 single aisle jet had to land and evacuate its passengers on a flight from San Juan, Puerto Rico, after its left engine caught on fire, says the Wall Street Journal. Reference Link

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