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Stock Market & Financial Investment News

News Breaks
March 7, 2014
16:54 EDTTM, F, RSH, SPLS, SWYUkraine, U.S. jobs dominate headlines as markets log gains
Stocks on Wall Street were higher in a week that saw instability in Ukraine dominate headlines early, with a better-than-expected U.S. jobs report finishing the week. MACRO NEWS: Global markets started the week lower on concerns regarding the situation in Ukraine, and while the flow of news coming out of the region did not slow during the week, it appeared to weigh less prominently on investors as the week wore on... On Monday, China's final Markit/HSBC manufacturing Purchasing Managers' Index for February fell for the third straight month to a seven-month low of 48.5... The U.S. non-farm jobs report for February showed the economy added 175,000 jobs, exceeding economists' expectations for 150,000. Despite the better-than-expected job gains, the unemployment rate edged higher to 6.7% from last month's 6.6% level... The Federal Reserve released its latest Beige Book report of economic activity on Wednesday, which showed that economic activity in eight of the central bank's twelve districts saw modest to moderate improvements since the last survey. The report showed, however, that the severe winter weather has weighed on retail sales. COMPANY NEWS: Auto sales fell for major US and Japanese brands, including Ford, which saw sales slide 6% and Toyota (TM), which saw sales slide 4% for February... Legacy big box retailers RadioShack (RSH) and Staples (SPLS) both reported earnings this week that disappointed and announced plans to close stores. RadioShack announced it would close 1,100 stores and said it is not considering a pre-packaged bankruptcy, while Staples said it would close 225 stores in North America and said it will no longer provide annual sales or earnings guidance. Shares of both retailers fell more than 15% during the week... Safeway (SWY) announced a deal Thursday night to be acquired by Albertsons, which is owned by private-equity firm Cerberus Capital, in a deal that values the grocer at about $40 per share. Shares of Safeway lost about 2% after the deal, which had been roundly telegraphed in recent media reports, was formally announced. Shares of Safeway, however, have gained about 60% over the 52-week period ended with today's trade. INDEXES: The Dow was up 0.8% to 16,452.72, the S&P 500 was up 1% to 1,878.04, and the Nasdaq was up 0.6% to 4,336.22.
News For TM;F;RSH;SPLS;SWY From The Last 14 Days
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August 25, 2014
11:11 EDTSPLSOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD ITMN AEO DKS WUBA URBN SPLS YOKU GME
August 22, 2014
10:06 EDTSPLSOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD GME YOKU SPLS DKS WUBA ARWR ACHN
06:54 EDTFChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
August 21, 2014
11:26 EDTFFord asks dealers to stop selling certain Focus, C-Max cars, Reuters reports
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07:23 EDTSPLSStaples reiterated as an Underperform at BofA/Merrill
BofA/Merrill reiterated its Underperform rating on Staples following soft Q2 results and guidance. The firm lowered estimates and does not see an inflection point in sight. Price target is $9.
07:18 EDTF, TMChina considering new anti-trust rules for auto sector, China Daily says
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06:26 EDTTMToyota slices China Lexus part costs amid anti-trust worries, Reuters says
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06:08 EDTFGM launches new round of discounts for Labor Day weekend, WSJ reports
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August 20, 2014
20:03 EDTF, TMFord planning hybrid to compete with Toyota Prius, Reuters reports
Ford (F) is planning to introduce a new hybrid gasoline-electric car in late 2018 to compete against the Toyota (TM) Prius, according to Reuters, citing two sources with knowledge of the company's plans. It will be the company's first "dedicated" hybrid, unlike the hybrid Fusion, which is a variation of an existing gasoline model. Reference Link
09:36 EDTTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
09:07 EDTSPLSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
06:06 EDTSPLSStaples expects to record pre-tax restructuring charges of $40M-$75M in Q3
For the full year, the company expects total pre-tax restructuring and other related charges in the range of $230M-$310M. For the full year, the company expects to generate more than $600Mof free cash flow. The company’s free cash flow guidance reflects an expected use of cash in the range of $60M-$100M associated with its 2014 restructuring plan, as well an expected use of cash in the range of $50M-$100M related to its 2012 and 2013 restructuring plans.
06:05 EDTSPLSStaples sees Q3 non-GAAP EPS 34c-39c, consensus 37c
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06:04 EDTSPLSStaples reports Q2 North American Commercial sales up 2.6% to $2.0B
Reports Q2 International Operations sales $941M.
06:04 EDTSPLSStaples reports Q2 SSS excluding Staples.com down 5%
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06:03 EDTSPLSStaples secured $150M of annualized cost savings in year-to-date
The savings is part of a two year plan to eliminate at least $500M of annualized costs. The company closed 80 stores in North America during Q2 and expects to close approximately 140 store sin North America during 2014.
06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 11c
Reports Q2 revenue $5.22B, consensus $5.16B
August 19, 2014
15:16 EDTSPLSNotable companies reporting before tomorrow's open
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15:06 EDTSPLSStaples technical comments before earnings
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15:01 EDTSPLSStaples September volatility flat into Q2 and guidance
Staples September call option implied volatility is at 32, December is at 30; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on August 20.
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