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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:32 EDTOSIS, AMD, BP, VELT, SZYM, WMT, DNB, BG, NTAPOn The Fly: Closing Wrap
Stocks on Wall Street finished the day lower after midday buying sent the averages briefly into positive territory, though the averages yet again could not hold onto their gains. Wal-Mart (WMT), which reported earnings before the bell, issued cautious Q4 guidance ahead of the holiday season. Uncertainty also weighed heavily on investors as concerns over the fiscal cliff, which have abounded since the election, were compounded by increased concerns in the Middle East... ECONOMIC EVENTS: In the U.S., initial jobless claims jumped by 78,000 from the prior week to 439,000. Analysts had forecast a smaller rise to 375,000 and the steep climb in claims was partially attributed to Superstorm Sandy. Consumer prices rose 0.1% overall in October, versus the expected increase of 0.1%. The NY Fed Empire State Survey for November had a -5.22 reading, versus the expected -8.00, and the Philadelphia Fed Manufacturing Survey had a reading of -10.7, versus the expected +2.0. In Europe, Eurostat data showed the Eurozone fell back into recession in the third quarter... COMPANY NEWS: Wal-Mart, despite beating consensus estimates for the most recent quarter, provided guidance for the upcoming quarter that was lower than Street estimates. This tempered outlook sent shares of the Dow component lower by $2.59, or 3.63%, to close at $68.72... BP (BP) agreed to plead guilty to felony charges and to pay the largest criminal penalty in U.S. history for the Deepwater Horizon accident. The company said the aggregate amount of the settlement is about $4.5B, with payments scheduled over a period of six years. Shares of BP opened the day higher, but fell through the session and eventually settled fractionally higher, up 14c, or 0.35%, to $40.30... MAJOR MOVERS: Among the notable gainers was NetApp (NTAP), up $3.04, or 11.20%, to $30.16 after its earnings beat expectations and shares were upgraded at Raymond James. Also trading higher were shares of Solazyme (SZYM), up 71c, or 10.01%, to $7.80 after the company announced strategic partnerships with Archer Daniels (AMD) and a subsidiary of Bunge Limited (BG) that will expand the company's oil production capacity. Among noteworthy losers were shares of Velti (VELT), down $2.27, or 34.19%, to $4.37 after the company reported Q3 earnings that missed consensus estimates and the stock received a downgrade to Hold at Needham. Also lower were shares of OSI Systems (OSIS), down $21.40, or 28.05%, to $54.89 after a Bloomberg report said that Congressman Mike Rogers sent a letter to the TSA stating that the company may have "knowingly manipulated" the result of an operational test. The company later issued a statement denying claims made in the Bloomberg report. Dun & Bradstreet (DNB) declined $7.60, or 9.40%, to $73.21 after a late afternoon report by Reuters said talks between the company and its potential buyers fell apart... INDICES: The Dow lost 28.57, or 0.23%, to 12,542.38; the Nasdaq fell 9.87, or 0.35%, to 2,836.94; and the S&P 500 slid 2.17, or 0.16%, to 1,353.32.
News For WMT;BP;NTAP;SZYM;AMD;BG;VELT;OSIS;DNB From The Last 14 Days
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August 18, 2015
07:16 EDTWMTWal-Mart sees U.S. comps accelerating in short-term
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07:13 EDTWMTWal-Mart trades lower on outlook
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07:08 EDTWMTWal-Mart says updated FY16 EPS range includes headwinds in U.S. business
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07:06 EDTWMTWal-Mart sees operating profit pressured for remainder of year
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07:05 EDTWMTWal-Mart reports Q2 total revenue $120.2B, constant currency basis rev. $124.5B
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07:04 EDTWMTWal-Mart reports Q2 e-commerce sales up approx. 16%
E-commerce sales globally increased approximately 16% on a constant currency basis. Gross merchandise value, or GMV, increased approximately 18% on a constant currency basis. Q2 earnings were pressured by currency fluctuations, lower Walmart U.S. margins and investments in customer experience. Consolidated operating income declined 10%. CEO Doug McMillion says, "We're pleased that the investments we've made are helping to improve our business. Even if it's not as fast as we would like, the fundamentals of serving our customers are consistently improving, and it's reflected in our comps and revenue growth. In this case, our desired changes require investments, which are pressuring earnings this year. We're confident that our strategic plan will create robust sustainable growth for shareholder returns over time."
07:03 EDTWMTWal-Mart sees Q3 EPS 93c-$1.05, consensus $1.08
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07:03 EDTWMTWal-Mart cuts FY16 EPS view to $4.40-$4.70 from $4.70-$5.05
Consensus is $4.77.
07:02 EDTWMTWal-Mart reports Q2 EPS $1.08, consensus $1.12
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06:12 EDTWMTWal-Mart implied volatility of 23 at upper end of index
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August 17, 2015
15:03 EDTWMTWal-Mart August 72 straddle priced for 3.6% movement into Q2
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14:48 EDTWMTNotable companies reporting before tomorrow's open
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14:08 EDTWMTWal-Mart August volatility increases into Q2 and outlook
Wal-Mart August call option implied volatility is at 41, September is at 23, October is at 20; compared to its 52-week range of 10 to 21 suggesting large price movement into the expected release of Q2 results on Aug 18.
12:44 EDTWMTEarnings Watch: Wal-Mart down more than 9% over last three months
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10:09 EDTNTAPOn The Fly: Analyst Downgrade Summary
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10:03 EDTBPEmerson signs 10-year agreement with BP for enhanced oil and gas execution
BP (BP) and Emerson (EMR) have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP's upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP's Field of the Future program for enhanced operating efficiency and oil recovery. The new agreement expands the companies' existing relationship on upstream projects. Under the scope of the new agreement, Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems, but will now also provide valves and measurement instruments as well as technologies for supervisory control and data acquisition, asset management, and machinery health monitoring.
07:29 EDTWMTWal-Mart dividend and valuation provides support, says Baird
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07:21 EDTWMTWal-Mart coverage transitioned with an Overweight at Stephens
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06:45 EDTBPBP investors not sold on takeover talks, FT reports
Few BP investors have enough faith to buy into takeover talk given the company's own aggressive cost-cutting campaign might have eliminated the synergy upside to a potential purchaser, the Financial Times reports. Reference Link
06:04 EDTNTAPNetApp downgraded to Sell from Hold at Summit Research
Summit Research analyst Srini Nandury downgraded NetApp (NTAP) to Sell saying dynamics in the storage industry as well as the company's Cluster ONTAP product transition will make revenue growth "elusive in the near-term." Weaker storage spending and continued problems with getting customers to upgrade to Cluster ONTAP could drive consensus estimates lower from current levels, Nandury tells investors in a research note. Further, the analyst believes NetApp continues to lose high sales performers to competitors such as Nimble Storage (NMBL), Pure Storage, Tegile and Tintri. He expects the company's FY16 revenue to decline 6% on top of the 3% decline in FY15, with only modest growth in FY17. Nandury cut his price target for NetApp shares to $28 from $32. The stock closed Friday up 13c to $30.75.
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