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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:13 EDTINTU, EBAY, TIF, CRM, CMRX, AEO, TGT, TSL, ST, PETMOn The Fly: Pre-market Movers
HIGHER: Tiffany (TIF), up 7% after reporting earnings, raising its fiscal year profit view... Target (TGT), up 0.7% after reporting better than expected adjusted earnings, cutting its adjusted earning per share outlook... Trina Solar (TSL), up 10.7% following better than expected earnings... Chimerix (CMRX), up 2% after its 7.3M share secondary stock offering priced at $14.22 per share. LOWER: PetSmart (PETM), down 7% after quarterly and fiscal year profit guidance misses consensus view... Intuit (INTU), down 5.3% after reporting third quarter results and providing fourth quarter guidance below analyst estimates... American Eagle (AEO), down 3.6% after quarterly earnings view below consensus, says will close additional stores... salesforce.com (CRM), down 1% despite raising guidance for fiscal 2015... eBay (EBAY), down 1.6% after disclosing cyberattack, asking user to change passwords... Sensata (ST), down 1.6% after its 11.5M share secondary stock offering priced at $42.65 per share.
News For TGT;TIF;PETM;AEO;EBAY;ST;CMRX;INTU;TSL;CRM From The Last 14 Days
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January 13, 2015
08:43 EDTAEOAmerican Eagle has reached positive turning point, says BMO Capital
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07:47 EDTCRMUBS to hold investor trip
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06:18 EDTEBAYSilicon Valley shuttle drivers looking to unionize, USA Today reports
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January 12, 2015
16:16 EDTSTSensata initiated with a Buy at Stifel
Target $60.
14:33 EDTCMRXChimerix price target raised to $53 from $46 at William Blair
13:31 EDTEBAYPayPal providing new credit options
eBay's PayPal earlier today announced that, for the first time, by leveraging new credit models retailers can customize PayPal Credit will offer a monthly payment option and decide on the number of months and interest rate that works best for their customers. They can also offer interest free options to customers shopping online who are approved in minutes, the payment service said. The new PayPal Credit feature works within the open-ended construct of the PayPal Credit product, allowing customers to divide their larger purchases into substantially equal monthly payments, PayPal stated. This gives consumers more control and helps them to better manage their budget, it added.
11:41 EDTTIFTiffany plummets after cutting fiscal 2014 profit outlook
Shares of jewelry and accessories retailer Tiffany (TIF) are sinking after the company lowered its profit outlook for fiscal 2014. Additionally, the company reported holiday sales for the two-month period ended December 31 were 1% below prior year levels. WHAT'S NEW: Tiffany this morning reported sales results for the two-month holiday period ended December 31. For the period, the company reported worldwide net sales of $1.02B, 1% below the prior year. Worldwide net sales increased 3% and comparable sales were even with the prior year on a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars. WHAT'S NOTABLE: Tiffany cut its FY14 net earnings per share view to $4.15-$4.20 from $4.20-$4.30, trailing analysts' consensus estimates of $4.32. Tiffany President and Chief Executive Officer Federic Cumenal said that the company is planning "cautiously" for the coming year. Cumenal noted that the company anticipates "significant headwinds from the stronger U.S. dollar against all of our key currencies that, as we experienced in the holiday period, negatively affects both the translation of results and sales to tourists in the U.S." Cumenal said that these factors are expected to result in the company planning low-to-mid single-digit sales and earnings growth in 2015. Cumenal also commented that "Despite these and other global economic pressures that we anticipate in the short-term, we believe that, when they abate, Tiffany will resume higher earnings growth rates based on stronger sales growth and increasing operating margins." ANALYST REACTION: This morning, research firm Sterne Agee lowered its price target for Tiffany to $110 from $121 citing the company's "disappointing" holiday comps and "soft" initial 2015 guidance. However, he firm kept a Buy rating on the name, and said it is encouraged by the company's relative strength in Asia-Pacific and Europe. PRICE ACTION: In late morning trading, Tiffany fell $12.15, or about 11.7%, to $91.30 on more than three times its average daily trading volume. Despite today's pull back, the shares have gained approximately 1% over the past 12 months. OTHERS TO WATCH: Tiffany & Co peers include Signet Jewelers (SIG), down 0.6%, and Blue Nile (NILE), down 2.2%.
11:14 EDTCMRXDenver patient being tested for Ebola, KUSA-TV reports
A patient recently returned from Ebola affected areas in Africa is being tested in Denver for the disease, reported local NBC affiliate 9New KUSA-TV. Drug companies that are working on experimental Ebola vaccines or treatments include Peregrine (PPHM), Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX) and NewLink Genetics (NLNK). Some companies that offer protective clothing and waste disposal include Lakeland Industries (LAKE) and Alpha Pro Tech (APT). Reference Link
10:58 EDTAEOAmerican Eagle says expects to end year with cash around $400M
10:40 EDTAEOAmerican Eagle repeats Q4 EPS view 32c-34c, 25% growth vs. last year's Q4
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10:17 EDTTIFTiffany price target lowered to $110 from $121 at Sterne Agee
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10:15 EDTTIFOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
09:30 EDTTIFOn The Fly: Pre-market Movers
HIGHER: Foundation Medicine (FMI) up 138.9% following transaction with Roche (RHHBY)... Celator Pharmaceuticals (CPXX), up 19.1% after announcing promising Phase 2 data for CPX-351... Second Sight (EYES), up 16.7% after Health Canada approves Argus II retinal prosthesis system... Aegerion (AEGR), up 7.8% after reporting preliminary fourth quarter results and guidance... Express (EXPR), up 4.5% after reporting preliminary fourth quarter results. NOTABLE: NPS Pharmaceuticals (NPSP), up 8.5% following acquisition by Shire (SHPG)... Shire is down 1.1% in pre-market trading. LOWER: Arrowhead (ARWR), down 20.9% after FDA clears company to begin modified study of ARC-520 in a preliminary call of a partial clinical hold... Tiffany (TIF), down 10.4% after lowering fiscal 2014 net EPS guidance... SanDisk (SNDK), down 10.1% after lowering fourth quarter outlook... Ascena Retail (ASNA), down 5.8% after lowering fiscal 2015 adjusted EPS view... Sarepta Therapeutics (SRPT), down 5.9% after reporting long-term outcomes from Phase IIb Eteplirsen study... Loral Space & Communications (LORL), down 3.6% following a NY Post article that reported that talks to sell itself to the Ontario Teachers’ Pension Plan have ended... Southwestern Energy (SWN), down 4.2% after filing to sell 20.3M shares of stock and 26M depository shares.
08:38 EDTCMRXChimerix receives notice of patent allowance for brincidofovir
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07:47 EDTTIFTiffany volatility elevated into lower 2014 earnings outlook
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07:35 EDTEBAYNational Retail Federation to hold a trade show
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07:04 EDTTIFTiffany cuts FY14 net EPS view to $4.15-$4.20 from $4.20-$4.30
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07:03 EDTTIFTiffany reports holiday period worldwide net sales $1.02B
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07:03 EDTINTUCiti recommends long VMware, short Citrix pair trade
Citigroup closes out its Software pair trade of long Intuit (INTU), short Autodesk (ADSK) and recommends a new trade of long VMware (VMW), short Citrix (CTXS). Citi expects VMware to report strong Q4 results relative to "modest" expectations and sees potential risk to Citrix's sales outlook.
06:10 EDTTSLTrina Solar reports successful grid connection of 90 MW of solar plants in China
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