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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:19 EDTSWKS, QCOM, KO, RFMD, PRKR, WMT, PAY, RPRXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following a number of domestic economic reports. The averages dipped at the outset in a continuation of yesterday’s moderate sell-off, though the market found a level about a half hour into the session and has been range bound since that point... ECONOMIC EVENTS: In the U.S., initial jobless claims rose 20K to 362K last week, coming in above the consensus forecast for 355K claims. The headline consumer price index was flat in January, versus expectations for 0.1% increase, while the "core" rate climbed 0.3%, which was above the 0.2% forecast. Markit's "flash" purchasing managers' index for the U.S. for February came in at 55.2, versus forecasts for a 55.5 first look for the month. The Philadelphia Fed Manufacturing survey fell to -12.5, versus expectations for it to rise to +1.0. Existing home sales for January increased 0.4% to a 4.92M pace, versus an expected decline of 0.8%. The leading economic indicators rose 0.2% to 94.1 in January, in line with expectations. In Europe, the composite services and manufacturing PMI for the shared currency nations fell to 47.3 in February from 48.6 in January, missing forecasts for an improved reading... COMPANY NEWS: Wal-Mart (WMT) confirmed its February sales started off weak, as leaked in internal emails reported by Bloomberg last week. The telegraphed bad start was reflected in the company’s worse than expected forecast for the coming quarter, but earnings in the holiday quarter that just ended beat consensus. The company raised its dividend by 18% as well and shares of the Dow member reacted favorably, rising about 2.5% to lead the DJIA... Coca-Cola (KO), another Dow component, also increased its dividend by 10%, though investor reaction was more muted. Coke shares were up fractionally in midday trading after the announcement... MAJOR MOVERS: Among the notable gainers were ParkerVision (PRKR), which jumped 37% after the company said it received favorable patent in patent claim construction ruling in a suit with Qualcomm (QCOM), and Repros Therapeutics (RPRX), which rose 32% after it said the FDA recommended it complete its study of Androxal. Among the noteworthy losers was VeriFone (PAY), which sank 39% after the company's preliminary Q1 results and preliminary Q2 guidance fell below expectations and the stock was downgraded by at least five firms. Also lower were shares of several semiconductor makers, including RF Micro Devices (RFMD) and Skyworks Solutions (SWKS), which fell following downgrades at Raymond James and the announcement of a new class of chips from Qualcomm... INDICES: Near noon, the Dow was down 59.72, or 0.43%, to 13,867.82; the Nasdaq was down 29.41, or 0.93%, to 3,135.00; and the S&P 500 was down 9.25, or 0.61%, to 1,502.70.
News For WMT;KO;RPRX;PRKR;QCOM;PAY;RFMD;SWKS From The Last 14 Days
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November 12, 2014
12:15 EDTWMTWal-Mart November weekly 79 straddle priced for 2% move into Q1
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11:58 EDTWMTWal-Mart weekly volatility elevated into Q3 and holiday outlook
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10:34 EDTRPRXOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
10:25 EDTKOSABMiller, Coca-Cola to form new company in Africa, Sky News reports
Mark Kleinman of Sky News tweeted, "SABMiller and Coca-Cola to announce formation of new company in Africa later this week, consolidating existing operations, I'm told."
10:00 EDTPAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
06:46 EDTWMTWal-Mart reminds stores to display fresh grocery products, NY Times says
Wal-Mart last month issued a memo to managers around the U.S., telling them to discount older meat and baked goods to ensure that they sell before they reach their expiration dates, according to The New York Times. The memo also reminds managers to remove expired dairy products and eggs, as well as moldy or rotting produce, from shelves, and reduce inventory, the newspaper stated. Reference Link
05:24 EDTWMTWal-Mart announces 'New Black Friday' event, holiday pay for associates
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November 11, 2014
16:32 EDTSWKSSkyworks announces new $300M stock repurchase program
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16:23 EDTPAYVeriFone initiated with a Buy at Topeka
Target $43.
10:39 EDTRPRXOptions with decreasing implied volatility
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November 10, 2014
16:12 EDTPRKRParkerVision reports Q3 EPS (7c), consensus (1c)
Reports Q3 revenue $0.0, consensus $5M.
16:00 EDTWMTOptions Update; November 10, 2014
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12:36 EDTWMTAbercrombie, American Eagle sink after analyst downgrades
Shares of specialty teen apparel retailers Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) are falling after a number of analysts issued negative notes on the companies. WHAT'S NEW: Oppenheimer analyst Anna Andreeva downgraded Abercrombie & Fitch to Perform from Outperform. The company's earnings outlook has become less clear as its U.S. brand has not yet become popular, and retail brand turnarounds usually take awhile, Oppenheimer analyst Anna Andreeva wrote in a note to investors. Additionally, Abercrombie's international business, which has deteriorated further this year, faces "mounting uncertainty,” the analyst stated. The analyst slashed her price target on the name to $30 from $50. Meanwhile, Barclays analyst Matthew McClintock downgraded American Eagle Outfitters to Equal Weight from Overweight. McClintock has become more pessimistic about the outlook for American Eagle's comparative store sales in the second half of 2014, given recent data points from a number of retailers, including Abercrombie & Fitch, Kohl's (KSS), Wal-Mart (WMT), J.C. Penney (JCP), and Ann Inc. (ANN). The analyst said he saw no reason why American Eagle should significantly outperform the overall apparel sector. McClintock cut his price target on the name to $11 from $15. Meanwhile, the analyst lowered his rating on the Softline Retail sector to Negative from Positive, as he believes that the sector, which includes companies that sell products like apparel, towels, and jewelry - is facing structural difficulties that are likely to persist for the next several years. Separately, research firm Janney Capital downgraded Abercrombie to Neutral from Buy in a note to investors today. PRICE ACTION: In early afternoon trading, Abercrombie & Fitch sank 3.5% to $28.50 and American Eagle dropped 4% to $12.40.
10:17 EDTRPRXOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI ACHN RPRX ARCP SALE ZU KING UBNT KATE AWAY
09:04 EDTRPRXRepros Therapeutics reports Q3 EPS 32c, consensus (39c)
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09:00 EDTWMTWal-Mart weekly volatility increases into Q3 and holiday outlook
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08:23 EDTWMTWal-Mart expectations appear muted heading into earnings, says RW Baird
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06:28 EDTQCOMReport: TSMC may buy Qualcomm Taiwan factory, DigiTimes says
TSMC (TSM) is considering an acquisition of Qualcomm's (QCOM) Taiwan factory to expand its packaging and test business, reports DigiTimes. Citing a Chinese-language Economic Daily News report, the Qualcomm factory will be acquired for several billion NT dollars. Reference Link
November 9, 2014
18:41 EDTWMTWal-Mart to focus on food safety in China, Reuters says
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16:55 EDTWMTWal-Mart China sales impacted by country's austerity program, WSJ says
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