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May 28, 2014
04:55 EDTSTKL, STKL, BUD, BUD, JCP, JCP, AZO, AZO, THO, THO, MDLZ, MDLZ, SPLS, SPLS, BG, BG, CRI, CRI, ICON, ICONCitigroup to hold a conference
Global Consumer Conference to be held in New York on May 28-29.
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November 30, 2015
05:37 EDTSPLSStocks with implied volatility above IV index mean; SPLS VNET
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November 29, 2015
20:14 EDTSPLSRegulators preparing to block Staples-Office Depot merger, NY Post says
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20:01 EDTBUDAB InBev plans to divest SABMiller's Peroni, Grolsch brands, FT says
AB InBev (BUD) is planning to divest SABMiller's (SBMRY) Peroni and Grolsch brands as it seeks regulatory approval for its proposed merger with the company, reports the Financial Times, citing a source, though a separate source cautioned that the company was merely considering selling the brands. The report notes that potential buyers include Molson Coors (TAP), Heineken (HINKY), and C & C Group. Reference Link
19:05 EDTBG, BUDDeutsche Bank devised tax avoidance strategies for corporate clients, FT says
Deutsche Bank (DB) devised international tax avoidance strategies for certain of its corporate clients, reports the Financial Times, citing several documents and sources. The bank pitched its tax saving plans -- which featured so-called profit-participating instruments -- to companies including AB InBev (BUD), Archer Daniels (ADM), Bunge (BG), and Cargill this year, according to the publication. None of the proposals were illegal, noted the Financial Times, and Deutsche commented that "these transactions were never executed." Reference Link
14:50 EDTBUDAB InBev considering divesting SABMiller's Peroni, Grolsch, Bloomberg says
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November 27, 2015
05:50 EDTSPLSStocks with implied volatility above IV index mean; SPLS VNET
Stocks with implied volatility above IV index mean; Staples (SPLS) 56, 21Vianet (VNET) 32 according to iVolatility.
November 24, 2015
06:20 EDTJCPRetailers hunt for new breaches after warning on malware, Reuters says
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05:27 EDTSPLSStocks with implied volatility above IV index mean; ACI SPLS
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November 23, 2015
16:31 EDTSTKLMorgan Stanley reports 5.5% passive stake in SunOpta
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05:54 EDTSPLSStocks with implied volatility above IV index mean; CHK SPLS
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November 20, 2015
05:32 EDTSPLSStocks with implied volatility above IV index mean; NBG SPLS
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November 19, 2015
06:19 EDTSPLSFTC looking over Staples, Office Depot transaction, NY Post reports
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05:20 EDTSPLSStocks with implied volatility above IV index mean; NBG SPLS
Stocks with implied volatility above IV index mean; National Bank of Greece (NBG) 601, Staples (SPLS) 59 according to iVolatility.
November 18, 2015
12:33 EDTSPLSOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory and have moved higher throughout the morning. All eyes continue to be fixed on Paris and successful police action in a raid of the dwellings of suspects from the bombing over the weekend may have added to today's positive sentiment. There was little help from the day's economic data, however, as the housing starts report for October came in with the lowest reading in seven months and the energy inventories data showed another buildup in crude. ECONOMIC EVENTS: In the U.S., housing starts fell 11.0% to a 1.06M pace in October, weaker than the expected rate of 1.16M. Building permits, however, rose 4.1% to a 1.15M rate, versus an expected rise of 3.8%. The day's big economic event may be yet to come, as investors await the minutes from the Fed's last FOMC meeting, which are scheduled for release at 2:00 pm ET. COMPANY NEWS: Shares of Target (TGT) fell more than 5% after the retailer reported in-line quarterly sales and profits and narrowed the range of its fiscal year earnings view. Target, which guided for same-store sales in its holiday quarter to be up 1%-2%, added that it sees "indications of heavy inventory levels" at some competitors into the holiday season... Shares of railroad operator Norfolk Southern (NSC) spiked in the after-hours trading after rival Canadian Pacific (CP) announced that it had sent an offer letter proposing a business combination, but failed to outline the details of its proposal. Norfolk Southern then confirmed Canadian Pacific to acquire the company for $46.72 in cash and a fixed exchange ratio of 0.348 Canadian Pacific shares per Norfolk share, calling the indication of interest "unsolicited, low-premium, non-binding and highly conditional." CNBC's David Faber, citing sources, subsequently reported that Norfolk Southern has no interest in pursuing a merger, but Norfolk shares remain up more than 6% early this afternoon, while Canadian Pacific is up nearly 6% as well... Shares of Apple (AAPL) climbed about 3% after Goldman Sachs added the stock to its Conviction Buy List, predicting that investors should begin to focus on the company's monetization and recurring revenue opportunities over the next year, which would be a boon to its valuation. MAJOR MOVERS: Among the notable gainers was Aramark (ARMK), which rallied 8% after it reported upbeat quarterly earnings and guided for fiscal 2016. Also higher was Fairchild Semicondcutor (FCS), which gained 8.5% after it agreed to be acquired for approximately $2.4B by ON Semiconductor (ON), which fell 8% following the deal announcement. Another noteworthy losers was Qualcomm (QCOM), which fell nearly 10% after it said that allegations from Korea's FTC that the company did not properly negotiate "aspects" of its licenses are "not supported by the facts." Also lower was Staples (SPLS), which was down 4% after it reported Q3 earnings and provided an earnings outlook for Q4. INDEXES: Near midday, the Dow was up 132.98, or 0.76%, to 17,622.48, the Nasdaq was up 43.00, or 0.86%, to 5,029.01, and the S&P 500 was up 15.62, or 0.76%, to 2,066.06.
09:22 EDTSPLSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop (VIPS), up 8%. ALSO HIGHER: Anavex Life Sciences (AVXL), up 27.5% after announcing preparation of regulatory filings based on guidance from FDA... Universal Insurance (UVE), up 7.7% after issuing a statement saying that Lakewood Capital Management's statement was misleading... Actinium Pharmaceuticals (ATNM), up 14.9% after submitting an Investigational New Drug application with the FDA for Iomab-B... Fairchild Semiconductor (FCS), up 8.8% after being acquired by ON Semiconductor (ON)... Norfolk Southern (NSC), up 5% after confirming a merger offer from Canadian Pacific (CP). DOWN AFTER EARNINGS: SouFun (SFUN), down 2.9%... Staples (SPLS), down marginally. ALSO LOWER: GoPro (GPRO), down 4.4% after price target lowered to $15 from $20 at Piper Jaffray... Citrix Systems (CTXS), down 3.5% after announcing operational review and the spin off of its GoTo family of products.
06:03 EDTSPLSStaples sees Q4 non-GAAP EPS 26c-30c, consensus 28c
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06:02 EDTSPLSStaples reports Q3 non-GAAP EPS 35c, consensus 35c
Reports Q3 revenue $5.6B, consensus $5.67B. Closed 18 stores in North America during Q3.
November 17, 2015
15:13 EDTSPLSNotable companies reporting before tomorrow's open
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10:13 EDTJCPJ.C. Penney management to meet with Buckingham
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07:39 EDTSPLSStaples volatility elevated into Q3 and outlook
Staples November call option implied volatility is at 87, December is at 68, January is at 60; compared to its 52-week range of 22 to 78, suggesting large near term price movement into the expected release of Q3 results on November 18.
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