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Stock Market & Financial Investment News

News Breaks
February 25, 2013
10:11 EDTPKX, FFIV, STZ, TCK, PFG, TPH, KMR, BBEP, ETN, CENTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Constellation Brands (STZ) initiated with a Buy at SunTrust... Eaton (ETN) initiated with an Outperform at Credit Suisse... TRI Pointe Homes (TPH) initiated with a Buy at Deutsche Bank... TRI Pointe Homes (TPH) initiated with an Outperform at FBR Capital... F5 Networks (FFIV) initiated wit a Sell at Off WallStreet Research... BreitBurn Energy (BBEP) initiated with a Buy at Ladenburg... Central Garden & Pet (CENT) initiated with a Buy at Sidoti... Principal Financial (PFG) coverage reinstated with an Underweight at JPMorgan... Posco (PKX) coverage resumed with a Buy at BofA/Merrill... Kinder Morgan Management (KMR) initiated with an Equal Weight at Morgan Stanley... Teck Resources (TCK) initiated with an Equal Weight at Morgan Stanley.
News For STZ;ETN;TPH;FFIV;BBEP;PFG;PKX;KMR;TCK;CENT From The Last 14 Days
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July 23, 2015
18:21 EDTFFIVOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
16:13 EDTPFGPrincipal Financial reports Q2 operating revenue $3.41B
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16:11 EDTPFGPrincipal Financial reports Q2 EPS $1.09, consensus $1.04
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11:32 EDTFFIVIT security stocks climb after Fortinet, F5 beat expectations
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10:05 EDTFFIVHigh option volume stocks
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06:07 EDTTCKTeck Resources implied volatility of 77 at upper end of index
05:33 EDTTCKTeck Resources sees 2015 copper production to be 340K-350K tonnes
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05:32 EDTTCKTeck Resources continue to experience challenging markets for products
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05:31 EDTTCKTeck Resources says cost reduction partially mitigated effects of lower prices
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05:30 EDTTCKTeck Resources reports Q2 adjusted EPS 14c, consensus 12c
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July 22, 2015
19:02 EDTFFIVOn The Fly: After Hours Movers
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17:29 EDTFFIVF5 Networks spikes over 5% after Q3 results, guidance
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16:07 EDTFFIVF5 Networks sees Q4 EPS $1.72-$1.75, consensus $1.71
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16:06 EDTFFIVF5 Networks reports Q3 EPS $1.67, consensus $1.60
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15:26 EDTFFIVNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
12:42 EDTFFIVF5 Networks technical notes before earnings news
The stock has been trading in a sideways range bound largely by $110 at the low and $128 since January of this year. Those two bounds may help us understand where price could go following earnings news. If the news is bullish, the top of the range is likely to be tested. On a breakout above $128, next resistance levels to watch as potential upside objectives are at $130.86, $132.58, and $136.11 which is the 52-week high. If the news is bearish, the low of the range at $110 could be tested. This area has been strong support going back to May 2014. If there were a breakdown below it, price reactions could be stronger than average. Next supports to watch would be at $106.57, $99.26 and $97.16.
11:34 EDTFFIVOptions with increasing put volume and implied volatility: RSX CLF FFIV
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July 17, 2015
14:37 EDTFFIVUCLA Health says 4.5M individuals' data possibly exposed in cyber attack
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08:18 EDTFFIVF5 Networks weakness likely to create attractive entry point, says Wells Fargo
Wells Fargo says that most of its contacts describe F5's business with vendors as on-plan. The firm thinks this indicates that the company's Q3 results will be at least in-line with expectations. The firm expects the company's growth to accelerate in fiscal Q1, and it continues to recommend that investors own the stock.
July 16, 2015
08:54 EDTPFGBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
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