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Stock Market & Financial Investment News

News Breaks
August 5, 2014
09:05 EDTHIMX, AKRX, GTAT, THC, SALE, MSI, BLMN, CAR, FIVN, COH, TGT, ODP, CVS, GCIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Office Depot (ODP), up 6.9%... Coach (COH), up 4.3%... Akorn (AKRX), up 4.9%... Avis Budget (CAR), up 4.7%... GT Advanced (GTAT), up 3.7%... Tenet Healthcare (THC), up 1.9%... CVS Caremark (CVS), up 1.1%. HIGHER: Gannett (GCI), up 5.6% after acquiring remaining 73% interest in Classified Ventures for $1.8B, announcing plans to spin-off publishing business to shareholders... Himax (HIMX), up 4% after shares upgraded to Buy from Neutral at BofA Merrill Lynch. DOWN AFTER EARNINGS: Motorola Solutions (MSI), down 3.6%... Bloomin' Brands (BLMN), down 10.4%. LOWER: Target (TGT), down 4.6% after lowering its Q2 adjusted earnings per share view, updating on impact of data breach... RetailMeNot (SALE), down 20%, downgraded at RBC Capital following the company's Q2 report... Five9 (FIVN), down 22%, downgraded at Pacific Crest following lower than expected quarterly results.
News For TGT;GCI;ODP;COH;CVS;MSI;GTAT;FIVN;SALE;AKRX;CAR;THC;HIMX;BLMN From The Last 14 Days
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May 14, 2015
05:38 EDTHIMXHimax expects to feel pressure in Q2 due to weak China smartphone demand
The company expects Q2 revenue is unlikely to enjoy its usual rebound from the first quarter. Thus, the Company anticipates gross margin will decline during the quarter. Two additional factors that will impact gross margin negatively in the second quarter are a slight decline of non-driver products as a percentage of Himax's total revenue and lower NRE income. Himax expects non-driver sales percentage to rise again in the second half of the year. Compared to the previous quarter, the company's small and medium-sized driver segment will decline high single digit in the quarter sequentially. Himax is seeing gross margin pressure in driver ICs used in all panel sizes. However, the Company remains focused on margin expansion and continue to work on diversifying its products and customer base to achieve this.
05:35 EDTHIMXHimax sees Q2 non-GAAP EPS 4.3c-5.3c, consensus 7c
Sees Q2 revenue to be down 5%-9%, consensus $195.01M. Sees Q2 gross margin to be down approximately 2% sequentially.
05:34 EDTHIMXHimax reports Q1 non-GAAP EPS 7.6c, consensus 7c
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May 13, 2015
15:05 EDTHIMXNotable companies reporting before tomorrow's open
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14:05 EDTTGTTarget May weekly volatility elevated into Q1 and outlook
Target May weekly call option implied volatility is at 26, June is at 21, July is at 19; compared to its 90-day average of 19, suggesting large price movement into the expected release of Q1 results on May 20.
11:47 EDTCVSCVS Health says to pay $22M in settlement with DEA, USAO
CVS Health said in a regulatory filing that it has entered into an agreement with the U.S. Attorney’s Office for the Middle District of Florida and the U.S. Drug Enforcement Administration to resolve previously-disclosed allegations relating to the dispensing of certain controlled substances in Florida. CVS Health agreed to pay $22M and the settlement resolves all civil matters between the Company and the DEA in the state of Florida. This payment amount has been fully accrued for in prior fiscal periods.
08:13 EDTFIVNFive9 looks to have compelling upside optionality, says Canaccord
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May 12, 2015
16:26 EDTFIVNFive9 raises FY15 adjusted EPS to (54c)-(49c) from (60c)-(54c), consensus (58c)
Raises FY15 revenue to $120M-$124M from $117M-$122M, consensus $120M. "We believe demand remains strong for our cloud-based software solution and as a result we are increasing our guidance for 2015," said the company.
16:24 EDTFIVNFive9 sees Q2 adjusted EPS (17c)-(15c), consensus (16c)
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16:23 EDTFIVNFive9 reports Q1 adjusted EPS (12c), consensus (17c)
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May 11, 2015
09:01 EDTTGTLowe's acquires leases of 13 former Target stores in Canada
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07:40 EDTCVSFocus on Vertex will shift to pricing after Orkambi FDA meeting, WSJ says
An FDA advisory committee that meets Tuesday to decide whether to recommend approval of Vertex’s Orkambi will be closely watched by health insurers and pharmacy-benefit managers concerned that the experimental cystic-fibrosis drug will be high-priced, said The Wall Street Journal. Vertex hasn’t announced a price, but analyst at JPMorgan predict the drug will have a wholesale price of about $287,000 annually per patient. Publicly traded PBM owners include Catamaran (CTRX), which is being acquired by UnitedHealth (UNH), CVS Health (CVS) and Express Scripts (ESRX). Reference Link
May 10, 2015
17:45 EDTTGTJudge allows $19M Target data breach settlement to move ahead, Reuters says
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May 8, 2015
16:11 EDTAKRXAkorn files to delay 10-Q
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10:48 EDTGCIJPMorgan broadcasting analysts hold analyst/industry conference call
Broadcasting Analysts, along with Gannett Broadcasting President Lougee, E.W. Scripps Senior Vice President of Television Lawlor, TVB CEO Lanzano and Nexstar Broadcasting CEO Sook discuss the Broadcasting Industry outlook on an Analyst/Industry conference call to be held on May 8 at 11 am.
10:01 EDTCOHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aerie Pharmaceuticals (AERI) upgraded to Buy from Hold at Cantor... Alcatel-Lucent (ALU) upgraded to Buy from Hold at Societe Generale... Alibaba (BABA) upgraded to Buy from Neutral at Goldman... CME Group (CME) upgraded to Buy from Hold at Evercore ISI... Choice Hotels (CHH) upgraded to Buy from Underperform at BofA/Merrill... Coach (COH) upgraded to Buy from Hold at HSBC... Commerzbank (CRZBY) upgraded to Buy from Hold at Deutsche Bank... Consolidated Communications (CNSL) upgraded to Buy from Hold at Drexel Hamilton... Cutera (CUTR) upgraded to Overweight from Neutral at Piper Jaffray... EarthLink (ELNK) upgraded to Hold from Underperform at Jefferies... Enable Midstream (ENBL) upgraded to Outperform from Neutral at Credit Suisse... Ericsson (ERIC) upgraded to Buy from Neutral at UBS... Essex Property Trust (ESS) upgraded to Outperform from Neutral at Baird... Forest City (FCE.A) upgraded to Buy from Neutral at Citigroup... General Growth (GGP) upgraded on operational, growth outlook at RBC Capital... Globe Specialty Metals (GSM) upgraded to Overweight from Neutral at JPMorgan... HNI Corporation (HNI) upgraded to Outperform from Market Perform at Raymond James... Invesco Mortgage (IVR) upgraded to Outperform from Market Perform at Keefe Bruyette... Lennar (LEN) upgraded to Overweight from Equal Weight at Barclays... Marathon Oil (MRO) upgraded to Outperform from Market Perform at Wells Fargo... Mercer (MERC) upgraded to Outperform from Neutral at Macquarie... Nokia (NOK) upgraded to Buy from Neutral at UBS... Nuance (NUAN) upgraded to Buy from Hold at Craig-Hallum... Pattern Energy (PEGI) upgraded to Buy from Hold at Desjardins... PennantPark (PNNT) upgraded to Outperform from Market Perform at FBR Capital... Philip Morris (PM) upgraded to Neutral from Sell at Goldman... Rayonier (RYN) upgraded to Buy from Neutral at DA Davidson... Rosetta Resources (ROSE) upgraded to Hold from Reduce at KLR Group... Telekom Indonesia (TLK) upgraded to Buy from Neutral at Citigroup... Wisconsin Energy (WEC) upgraded to Hold from Sell at Evercore ISI.
08:55 EDTCARAvis Budget management to meet with Deutsche Bank
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07:49 EDTODPJPMorgan recommeds long Staples, short Office Depot pair trade
JPMorgan believes Staples (SPLS) is positioned to win whether or not the merger with Office Depot (ODP) receives regulatory approval. Should the deal go through, the potential synergies are "substantial" and should drive higher estimates, JPMorgan says. Should it not, Staples' performance gap over Office Depot will only widen, the firm believes. The firm thinks a long Staples, short Office Depot trade can generate positive returns over time. It keeps a Neutral rating on both stocks.
06:47 EDTCOHCoach upgraded to Buy from Hold at HSBC
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06:02 EDTTGTWal-Mart expects to invest C$350M in Canadian market
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