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Stock Market & Financial Investment News

News Breaks
February 27, 2013
12:28 EDTTGT, TJX, DLTR, ZGNX, AH, CBB, FSLROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid some more encouraging housing data and continued testimony from Fed Chairman Bernanke. The averages began the session in negative territory but almost immediately began to pare their losses. Within the first 30 minutes of trading the market crossed back into positive territory, then continued to advance after the pending home sales data surprised Wall Street with a better than expected move up compared to both the prior month and prior year... ECONOMIC EVENTS: In the U.S., durable goods orders fell 5.2% in January, versus the expected decline of 4.8%. When transportation items are removed from the data, orders were up 1.9%, versus an expected increase of 0.2%. Pending home sales increased 4.5% in January from the prior month, versus an expected increase of 1.9%... COMPANY NEWS: As retailers continue their turn during the nearly finished earnings season, two prominent ones saw their shares move in opposite directions following their quarterly reports. Target (TGT) shares slid about 1% in spite of headline adjusted earnings that were better than expected, while TJX (TJX) rose about over 1% following its report and planned dividend increase... MAJOR MOVERS: Among the notable gainers were Dollar Tree (DLTR), up over 12% following its earnings report, and Zogenix (ZGNX), which rose 35% after Street analysts said the FDA's decision to delay its decision on one of the company's drugs could be a positive. Among the noteworthy losers was Accretive Health (AH), which dropped 25% and was downgraded at Dougherty following its Q4 earnings postponement due to an accounting review. Also lower were shares of Cincinnati Bell (CBB), down 23%, and First Solar (FSLR), down over 14% following their earnings reports... INDICES: Near noon, the Dow was up 115.27, or 0.83%, to 14,015.40; the Nasdaq was up 36.16, or 1.16%, to 3,165.81; and the S&P 500 was up 14.79, or 0.99%, to 1,511.73.
News For TGT;TJX;DLTR;ZGNX;AH;CBB;FSLR From The Last 14 Days
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September 30, 2014
07:45 EDTTJXTJX management to meet with Deutsche Bank
Meeting to be held in New York on September 30 hosted by Deutsche Bank.
07:33 EDTCBBDeutsche Bank to hold a conference
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September 29, 2014
08:14 EDTDLTRDollar General buying Dollar Tree 'not impossible,' says FBR Capital
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September 26, 2014
10:48 EDTFSLRStocks with call strike movement; MU FSLR
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September 25, 2014
10:06 EDTCBBOn The Fly: Analyst Downgrade Summary
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07:41 EDTCBBCincinnati Bell downgraded to Equal Weight from Overweight at Stephens
September 23, 2014
13:27 EDTFSLRSolar names rally after analyst sees China hitting target
Shares of solar energy companies are climbing after research firm Canaccord issued a positive note on the sector. WHAT'S NEW: After touring parts of Asia, Canaccord analyst Josh Baribeau wrote that he continues to believe that the Asian solar market is "strong and poised to tighten." Following a slow start, China is likely to hit its "aggressive" goal of installing 13 gigawatts of solar energy systems this year, driven by its recent policy changes, Baribeau stated. Moreover, the country will probably be "a resilient" market in coming year, the analyst added. Other markets are also staying strong, and demand and prices for solar components are likely to tighten with supply growing at a limited rate, Baribeau believes. The analyst remains upbeat about Canadian Solar's (CSIQ) project pipeline, contending that the company has been more successful in making deals overseas than its Chinese peers. He raised his price target on the shares to $48 from $44 while keeping a Buy rating on the stock. Canadian Solar is based in Canada but has manufacturing facilities in China. PRICE ACTION: In mid-afternoon trading, Canadian Solar climbed 2.5% to $38.50. Among Chinese solar companies, JinkoSolar (JKS) rose 2% to $31, Trina Solar (TSL) gained 1.5% to $14, and China Sunergy (CSUN) advanced 1.5% to $3.10. Among American solar companies, First Solar (FSLR) gained 1% to $68 and SunPower (SPWR) rose 1% to $35.
09:13 EDTFSLRHelioSage Energy sells 40MW solar PV project to Duke Energy First Solar
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September 19, 2014
14:41 EDTCBBCincinnati Bell to host investor day
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06:41 EDTFSLRGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
September 18, 2014
16:27 EDTZGNXZogenix gets exclusive licensing for Zohydro ER from Daravita
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11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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08:40 EDTZGNXZogenix reports new data shows Zohydro ER reduced pain, improved function
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07:21 EDTFSLRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
08:28 EDTDLTRFamily Dollar board rejects Dollar General's 'illusory' tender offer
Family Dollar Stores (FDO) announced that its Board of Directors unanimously recommends that Family Dollar’s shareholders reject the unsolicited conditional tender offer made by Dollar General Corporation (DG) and not tender their shares. In conjunction with its rejection of Dollar General’s offer, Family Dollar’s Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree (DLTR). The terms of the tender offer are the same as those in the proposal made by Dollar General on September 2, 2014, which the Board of Directors of Family Dollar unanimously rejected on September 5, 2014, on the basis of antitrust regulatory considerations. Howard R. Levine, Chairman and CEO of Family Dollar, said, “Our Board of Directors, with the assistance of outside advisors and consultants, reviewed all aspects of Dollar General’s tender offer and concluded unanimously that this highly conditional Offer is illusory because, as Dollar General is well aware, the Offer cannot close on the terms proposed. Tenders into the Dollar General Offer will be meaningless since there is no way that Dollar General can purchase shares that are tendered.” Levine added, “The terms of the Dollar General Offer are no different from those in its most recent unsolicited proposal, which was previously and unanimously rejected by our Board of Directors based on antitrust regulatory considerations. There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process. Accordingly, our Board has rejected Dollar General’s tender offer and reaffirmed its support of the transaction with Dollar Tree, which delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty.” Ed Garden, a Family Dollar director and co-founder and Chief Investment Officer at Trian Fund Management, L.P., a large shareholder of the Company, stated, “We are focused on delivering to Family Dollar shareholders the highest value with certainty, and the Dollar Tree transaction does just that. Dollar Tree has taken the antitrust risk off the table by committing to divest as many stores as necessary to obtain antitrust clearance. We remain fully committed to the Dollar Tree transaction.”
08:27 EDTDLTRFamily Dollar board rejects Dollar General's 'illusory' tender offer
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08:18 EDTFSLRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:36 EDTFSLRWolfe Research to hold a conference
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