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Stock Market & Financial Investment News

News For WFC;AXP;BBY;INFY;UPIP;ERIC;JCP;ARQL;BV From The Last 14 Days
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May 28, 2015
11:53 EDTAXPAmerican Express CEO says Costco not 'be all-end all' of company
Says will focus on maintaining some Costco (COST) volume, but focused on profitability. Says focused on range of opportunities it sees as profitable.
11:40 EDTAXPAmerican Express says has started DoJ appeal process
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11:27 EDTBBYBest Buy management to meet with Oppenheimer
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11:09 EDTAXPAmerican Express says range of co-brand deals will be coming up
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10:25 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: BLUE OCR EXPR LO JMEI ANF WSM BBY TWC ROST
10:02 EDTERICOn The Fly: Analyst Upgrade Summary
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05:34 EDTERICEricsson upgraded to Buy from Neutral at Citigroup
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May 27, 2015
14:28 EDTERICJuniper, Ciena unlikely to be acquired by Ericsson, says Citigroup
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11:46 EDTERICRaymond James doubts Ericsson will buy Juniper or Ciena
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10:17 EDTBBYOptions with decreasing implied volatility
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07:55 EDTERICEricsson willing to respond to rivals' merger with deal, Bloomberg reports
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May 26, 2015
20:50 EDTWFCBernstein to hold a conference
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18:15 EDTERICEricsson in talks with Reliance to expand Indian operations, Times of India says
Ericsson is in talks with Reliance Jio to offer an "entire range of... products and services" in India as LTE penetration increases across the country, the Times of India reported earlier, citing Ericsson's India chief Chris Houghton. The report notes that the partnership is likely to emphasize smartphone TV streaming technology. Reference Link
10:27 EDTBBYOptions with decreasing implied volatility
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06:41 EDTWFCJPMorgan, other banks close branches on border to avoid laundering, WSJ says
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May 22, 2015
16:41 EDTBBYStocks end week little changed despite weaker than expected domestic data
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15:01 EDTERICWi-LAN says Ericsson granted motion for summary judgment on three patents
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14:38 EDTBBYBest Buy downgraded to Peer Perform from Outperform at Wolfe Research
08:42 EDTBBYBest Buy share gains should continue, says SunTrust
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May 21, 2015
16:24 EDTBBYOn The Fly: Top stock stories for Thursday
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12:49 EDTBBYOn The Fly: Top stock stories at midday
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12:33 EDTWFCWells Fargo to add Financial Engines advice to platform, Reuters reports
Wells Fargo (WFC) plans to add Financial Engines' (FNGN) advice offering to the bank's retirement platform, according to Reuters, citing a Wells Fargo presentation. Shares of Financial Engines are up 7% following the report. Reference Link
12:30 EDTWFCWells Fargo to sign 401(k) pact with Financial Engines, Reuters reports
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11:06 EDTBBYBest Buy management to meet with SunTrust
Meeting to be held in New York on May 26 hosted by SunTrust.
10:04 EDTBBYHigh option volume stocks
High option volume stocks: MTZ LQD LBTYA AGEN OCR CVC NTAP BBY BRKR VOC
09:40 EDTBBYBest Buy trades up on beat, levels to watch
Shares are off the best level of the day, last at $35.49 and up over 5% on the session. At that price next resistance is at $36.61, the session high. Support is at $34.49.
09:36 EDTBBYActive equity options trading on open
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09:28 EDTBBYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... salesforce.com (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
09:03 EDTBBYOptions expected to be active
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07:26 EDTBBYBest Buy rises 9.5% to $37 after Q1 earnings beat expectations
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07:05 EDTBBYBest Buy CEO says strategy resonating with customers
Hubert Joly, Best Buy president and CEO, said, "In the Domestic business, against a backdrop where the NPD-reported consumer electronics categories, which represent approximately 65% of our revenue, were down 5.3%7, our comparable sales, excluding the impact of installment billing, declined only 0.7% as we continued to take advantage of strong product cycles in large screen televisions and iconic mobile phones and continued growth in the major appliance category. Throughout the quarter, our strategy of delivering ĎAdvice, Service and Convenience at Competitive Pricesí continued to resonate with our customers. While merchandising, marketing and operational execution were the tactical drivers of our better-than-expected first quarter financial results, strategically, we believe the cumulative impact of the progress we have made to improve our multi-channel customer experience is what has allowed us to consistently outperform the market. We have made real progress and it is showing up in our results."
07:03 EDTBBYBest Buy sees Q2 revenue growth flat to negative low-single digit
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07:01 EDTBBYBest Buy reports Q1 adjusted EPS 37c, consensus 29c
Reports Q1 revenue $8.56B, consensus $8.46B. Reports Q1 domestic comparable sales up 0.6%
06:05 EDTBBYStocks with implied volatility above IV index mean; ALTR BBY
Stocks with implied volatility above IV index mean; Altera (ALTR) 68, Best Buy (BBY) 40 according to iVolatility.
May 20, 2015
15:21 EDTBBYBest Buy May weekly volatility elevated into Q1 and outlook
Best Buy May weekly call option implied volatility is at 104, June is at 39, September is at 34; compared to its 90-day average of 32, suggesting large near term price movement into the expected release of Q1 earnings on May 21.
15:00 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
10:29 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTJCPHigh option volume stocks
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09:34 EDTBBYBest Buy trends moderating, says Cleveland Research
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08:21 EDTWFCATM data theft soars to highest rate in two decades, WSJ says
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06:07 EDTBBYStocks with implied volatility above IV index mean; KORS BBY
Stocks with implied volatility above IV index mean; Michael Kors (KORS) 40, Best Buy (BBY) 37 according to iVolatility.
May 19, 2015
11:59 EDTJCPOptions with decreasing implied volatilit
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09:53 EDTBBYBest Buy May volatility elevated into Q1 and outlook
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07:32 EDTAXPPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
May 18, 2015
12:09 EDTAXPAmerican Express management to meet with Guggenheim
Meeting to be held in New York on May 20 hosted by Guggenheim.
09:46 EDTWFCMPLX enters common unit sales agreement for up to $500M
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07:46 EDTAXPAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
06:31 EDTUPIPUnwired Planet announces resignation of Daniel Mendez and Timothy Robbins
Unwired Planet announced that Daniel Mendez and Timothy Robbins have resigned from Unwired Planet, effective July 1, 2015. Mendez and Robbins served as the company's General Managers for the Intellectual Property Division. Incoming Chief Executive Officer Boris Teksler, who begins June 1, 2015, will assume principal responsibility for intellectual property activities.
May 17, 2015
15:07 EDTINFYInfosys likely to spend cash on acquisitions rather than returns, Barron's says
Infosys is likely to spend its capital on additional acquisitions rather than shareholder returns, Barron's contends in its 'International Trader - Asia' column. Barron's notes that the company has targeted an 18% annualized rate of revenue growth and looks to deepen its presence in social, mobile, "big data," and cloud through buyouts. Reference Link
May 15, 2015
16:32 EDTWFCBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
12:03 EDTAXPAmerican Express reports April net write-off rate 1.5% vs. 1.5% last month
Reports April 30 days past due loans 0.9% vs. 1.0% last month.
10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
07:14 EDTJCPJ.C. Penney upgraded to Market Perform at BMO Capital
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07:05 EDTJCPJ.C. Penney upgraded to Market Perform from Underperform at BMO Capital
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