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Stock Market & Financial Investment News

News Breaks
November 29, 2012
16:28 EDTLQDT, WLL, USNA, KR, SVU, BKS, BLOXOn The Fly: Closing Wrap
Stocks on Wall Street withstood some fiscal cliff related volatility to finish in positive territory. Some positive economic data, including better than expected pending home sales and an upward revision to Q3 GDP growth, contributed to the move higher but investors remained on edge and reacted with each new headline coming out of Washington... ECONOMIC EVENTS: In the U.S., weekly jobless claims dropped to 393,000, versus expectations for claims to fall to 390,0000. The Commerce Department revised its estimate for the gain in Q3 GDP to 2.7% from the previously reported 2% gain. Analysts expected growth to be revised to a 2.8% rate. However, within the report, Q3 consumer spending was lowered to a 1.4% growth rate from the 2% gain previously reported. Pending home sales rose 5.2% in October from the prior month, versus expectations for an increase of 1%... COMPANY NEWS: A Bloomberg report said that PE-firm Cerberus Capital Management's planned buyout of SuperValu (SVU) had stalled on financing concerns. Shares of SuperValu dropped sharply following the news, eventually closing down 52c, or 18.57%, at $2.28... A report from the Wall Street Journal said that Whiting Petroleum (WLL) had been exploring a sale but would no longer pursue that alternative. After a midday circuit-breaker halt, shares of Whiting settled down $1.34, or 3.17%, to $40.94... MAJOR MOVERS: Among the notable gainers was Infoblox (BLOX), up $4.12, or 29.53%, to $18.07 after its earnings beat consensus estimates. Also higher were shares of Kroger (KR), up $1.19, or 4.75%, to $26.25 after the company reported earnings and provided guidance that beat Street forecasts. Among noteworthy losers were Liquidity Services (LQDT), down $5.90, or 13.49%, to $37.83, and Barnes & Noble (BKS), down $1.79, or 11.15%, to $14.26, after their earnings reports. Also lower were shares of Usana Health Sciences (USNA), down $2.44, or 5.60%, to $41.17 after a report from short-selling blog Citron Research which said the company is the subject of criminal probes in China... INDICES: The Dow was up 36.71, or 0.28%, to 13,021.82; the Nasdaq was up 20.25, or 0.68%, to 3,012.03; and the S&P 500 was up 6.02, or 0.43%, to 1,415.95.
News For SVU;WLL;BLOX;KR;LQDT;BKS;USNA From The Last 14 Days
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November 21, 2014
10:20 EDTBLOXHigh option volume stocks
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November 20, 2014
12:46 EDTLQDTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite disappointing purchasing managers' index readings in both China and Europe. The market took its early lead from Europe and opened lower, though the major averages moved into positive territory following a trio of better than expected domestic economic reports, as the leading economic indicators, Philadelphia Fed survey, and existing home sales all beat consensus forecasts. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 2K to 291K in the week ended November 15, versus expectations for 280K first-time claims. The Consumer Prices Index was unchanged in October, versus expectations for a drop of 0.1%. The core CPI reading, which excludes food and energy, rose 0.2%, versus expectations for an increase of 0.1%. Markit's flash manufacturing PMI slipped 1.2 points to 54.7 in November, versus the consensus forecast for a 56.5 reading. Existing home sales rose 1.5% to a 5.26M rate in October, which beat expectations for a decline to a 5.15M unit rate. The index of leading indicators climbed 0.9% to 105.2 in October, beating expectations for a 0.5% increase. The Philadelphia Fed manufacturing index surged to 40.8 in November, easily topping the consensus expectation for a 18.0 reading. In Asia, the HSBC/Markit manufacturing PMI for China fell to a six-month low of 50.0 in the flash reading for November, which is down from a final reading of 50.4 in October and below the 50.3 consensus forecast. In Europe, Markit's flash eurozone PMI composite output index, which tracks surveys from both the manufacturing and services sectors, came in at 51.4 for November, which was down from 52.1 in October and represents the measure's lowest level in 16 months. COMPANY NEWS: Shares of Best Buy (BBY) advanced 7% after its third quarter profit beat estimates and it reported that its domestic same-store sales grew 3.2%. The electronics retailer also said the sales trends it is seeing as its enters the critical fourth quarter are "encouraging from a top-line perspective." MAJOR MOVERS: Among the notable gainers was Williams-Sonoma (WSM), which rose nearly 10% after the home goods retailer's third quarter results surpassed analystsí consensus estimates and the company raised its fiscal 2014 outlook. Also higher following its own "beat and raise" quarterly report was Kirkland's (KIRK), which advanced 18%. Among the noteworthy losers was Liquidity Services (LQDT), which dropped 9% after its fourth quarter earnings missed expectations and the company said it will no longer give yearly guidance. Also lower was Keurig Green Mountain (GMCR), which dropped 6% after its first quarter profit outlook fell short of analystsí consensus estimates and the company's Chief Financial Officer announced plans to depart. INDEXES: Near midday, the Dow was up 7.84, or 0.04%, to 17,693.57, the Nasdaq was up 22.08, or 0.47%, to 4,697.80, and the S&P 500 was up 3.01, or 0.15%, to 2,051.73.
07:02 EDTLQDTLiquidity Services suspends yearly guidance
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06:59 EDTLQDTLiquidity Services sees 1Q15 adjusted EPS 16c-22c, consensus 25c
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06:56 EDTLQDTLiquidity Services reports Q4 adjusted EPS 13c, consensus 15c
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November 14, 2014
12:11 EDTKRKroger subsidiary hiring 1,200 permanent positions in CA
Ralphs Grocery Company announced this week that it is hiring to fill an estimated 1,200 permanent positions at its stores in Southern California. Ralphs currently employs more than 19,000 associates at its stores in Southern California. Ralphs is a subsidiary of The Kroger Co.

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