Stock Market & Financial Investment News

News Breaks February 14, 2013 09:17 EDT ULTA Ulta Salon weakness a buying opportunity, says Piper Jaffray Piper Jaffray recommends buying shares of Ulta Salon on today's pullback and reiterates an Overweight rating on the stock. Piper said it has no reservations about the company's ability to fill the CEO left by Chuck Rubin. News For ULTA From The Last 14 Days Check below for free stories on ULTA the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 17, 2013 11:57 EDT ULTA Options with decreasing implied volatility: DMND LYV CTRX ULTA HRB June 14, 2013 11:14 EDT ULTA Options with decreasing implied volatility: SUPN CTRX NAV ULTA Subscribe for More Information June 13, 2013 11:51 EDT ULTA Options with decreasing implied volatility: NAV CTRX ULTA LAMR LYV June 12, 2013 16:20 EDT ULTA On The Fly: Closing Wrap Stocks on Wall Street were lower despite opening sharply higher as the market looked to avoid its first three day losing streak of the year. Downside momentum quickly took hold however, and the averages moved steadily lower through the session, moving to their lows in the final hour of trading but finishing just off those levels. ECONOMIC EVENTS: In the U.S., the MBA's purchase applications composite index rose 5.0% for the week. The U.S. posted a $139B May budget deficit against expectations for a $130B deficit, and compared to a $124.6B deficit a year ago. In Europe, factory production in the 17-nation euro area rose 0.4% in April from March, compared to expectations for it to remain unchanged. COMPANY NEWS: Cooper Tire (CTB) agreed to be acquired by India's Apollo Tyres for $35.00 per share in cash, or $2.5B. Cooper shares surged $10.10, or 41.12%, to $34.66 to trade near $34.50 following the deal announcement, while peer Goodyear Tire (GT) advanced about 33c, or 2.26%, to $14.93... Live Nation (LYV) shares gained $2.33, or 16.84%, to $16.17 after the company announced it prevailed in an arbitration ruling related to a ticketing license software agreement... MAJOR MOVERS: Among the notable gainers was Ulta Salon (ULTA), up $12.51, or 14.87%, to $96.64 following its quarterly earnings report. Also higher was Health Management (HMA), up $1.58, or 11.34%, to $15.51 after Glenview Capital said in a filing it is seeking to repeal a provision that prevents entities from holding more than 15% of the company's stock and saying it would look to nominate candidates to the company's board. Among noteworthy losers was Biogen (BIIB), down $16.48, or 7.39%, to $206.55 after the stock was downgraded to Neutral from Buy at Citigroup, which cited concerns that EU medical regulators are unlikely to approve the company's multiple sclerosis treatment. Also lower were U.S.-listed shares of Vodafone (VOD), down 71c, or 2.47%, to $28.12 after the company confirmed it approached Kabel Deutschland about a possible deal. INDICES: The Dow was down 126.79, or 0.84%, to 14,995.23; the S&P 500 was down 13.61, or 0.84%, to 1,612.52; the Nasdaq was down 36.52, or 1.06%, to 3,400.43. 12:53 EDT ULTA Ulta Salon volatility decreases as shares rally on double-digit sales growth Subscribe for More Information 12:27 EDT ULTA On The Fly: Midday Wrap Subscribe for More Information 09:54 EDT ULTA Ulta Salon trades higher after earnings beat, levels to watch The stock is up over 14.7% to $96.62 after the company reported stronger than expected earnings last night after the close. At current price, resistance is at the high of the session at $98.63. That is below the life high at $103.52. Support is at $94.06. 09:07 EDT ULTA On The Fly: Pre-market Movers Subscribe for More Information 07:22 EDT ULTA Ulta Salon price target raised to $98 from $90 at RBC Capital Subscribe for More Information June 11, 2013 18:50 EDT ULTA On The Fly: After Hours Movers UP AFTER EARNINGS: Ulta Salon (ULTA), up 9.5%. ALSO HIGHER: Rambus (RMBS), up 8.2% after announcing a patent license agreement that will pay the company $12M per quarter for the next five years. LOWER: Celsion (CLSN), down 22.6% after a Seeking Alpha contributor said the company's Phase III ThermoDox trial was a "total disaster" and that the stock could have 50% downside... Yum! Brands (YUM), down 1.7% after saying it sees Q2 China division same-store sales down 20%... First Solar (FSLR), down 7.1% after filing to sell 8.5M shares of common stock... Icahn Enterprises (IEP), down 5.1% after announcing an offering of depositary units representing limited partner interests. 16:07 EDT ULTA Ulta sees Q2 EPS 64c-67c, consensus 68c Sees Q2 revenue $579M-$589M. Comparable store sales for Q213 are expected to increase 4%-6%. The Company reported a comparable store sales increase of 9.3% in Q212. 16:04 EDT ULTA Ulta Salon reports Q1 EPS 65c, consensus 62c Reports Q1 revenue $582.7M, consensus $576.3M. Comparable store sales (sales for stores open at least 14 months) increased 6.7% including the impact of e-commerce sales, compared to an increase of 10.1% in 1Q12. 15:01 EDT ULTA Notable companies reporting after market close Subscribe for More Information 12:33 EDT ULTA Ulta Salon management to meet with Sterne Agee Subscribe for More Information June 10, 2013 08:18 EDT ULTA Ulta Salon shares should be bought ahead of earnings, says Sterne Agee Sterne Agee expects Ulta's Q1 results to surpass its guidance, and the firm predicts that the company's Q2 guidance will be solid. Sterne Agee keeps a Buy rating on the stock. June 4, 2013 10:10 EDT ULTA On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Canadian Pacific (CP) downgraded to Underperform from Sector Perform at RBC Capital... Colonial Properties (CLP) downgraded to Neutral from Buy at UBS... First Defiance (FDEF) downgraded to Market Perform from Outperform at Keefe Bruyette... PVH Corp. (PVH) downgraded to Outperform from Top Pick at RBC Capital... Ulta Salon (ULTA) downgraded to Neutral from Buy at Goldman... Dollar General (DG) downgraded to Market Perform from Strong Buy at Raymond James... Rigel Pharmaceuticals (RIGL) downgraded to Perform from Outperform at Oppenheimer... Marten Transport (MRTN) downgraded to Hold from Buy at Stifel. 06:12 EDT ULTA Ulta Salon downgraded to Neutral from Buy at Goldman Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.