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Stock Market & Financial Investment News

News Breaks
October 22, 2013
10:06 EDTCAE, SNDK, KSS, XTEX, ZMH, NFLX, KEY, FDX, GTS, NYLD, HMYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Crosstex Energy LP (XTEX) upgraded to Outperform from Neutral at Credit Suisse... Harmony Gold (HMY) upgraded to Neutral from Sell at Goldman... KeyCorp (KEY) upgraded to Market Perform from Underperform at Keefe Bruyette... Kohl's (KSS) upgraded to Hold from Sell at Deutsche Bank... NRG Yield (NYLD) upgraded to Buy from Neutral at Goldman... Netflix (NFLX) upgraded to Overweight from Equal Weight at Evercore... SanDisk (SNDK) upgraded to Market Perform from Underperform at BMO Capital... Triple-S (GTS) upgraded to Buy from Neutral at Citigroup... Zimmer (ZMH) upgraded to Outperform from Neutral at Credit Suisse... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... FedEx (FDX) upgraded to Overweight from Neutral at JPMorgan.
News For XTEX;HMY;KEY;KSS;NYLD;NFLX;SNDK;GTS;ZMH;CAE;FDX From The Last 14 Days
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November 12, 2014
09:37 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
08:22 EDTCAECAE reports Q2 EPS C$0.16 vs. C$0.15 last year
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08:18 EDTNFLXNetflix CFO expects to expand as much or 'bit more' next year, Bloomberg says
Netflix CFO David Wells said the company plans a “sizable expansion” into new markets next year, projecting expansion on the order of this year or "even potentially a little bit more,” reported Bloomberg, citing Wells' comments at an RBC Capital Markets conference. Reference Link
07:28 EDTKEYBofA/Merrill to hold a conference
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06:19 EDTHMYHarmony Gold upgraded to Neutral from Sell at UBS
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November 11, 2014
16:01 EDTNFLXOptions Update; November 11, 2014
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November 10, 2014
16:44 EDTNFLXOn The Fly: Closing Wrap
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15:55 EDTSNDKNeedham to hold a conference
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14:15 EDTKSSKohl’s November puts active into Q3 and outlook
Kohl's November 55 puts are active on 1200 contracts compared to its open interest of 2000 contracts. November put option implied volatility is at 39, December is at 28, January is at 25; compared to its 26-week average of 25 according to Track Data. Active put volume suggests traders taking positions for near term price movement in the expected release of Q3 results on November 13.
14:09 EDTNFLXBoehner strongly opposes net neutrality
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13:26 EDTNFLXCable providers fall after Obama weighs in on net neutrality
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12:36 EDTKSSAbercrombie, 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.
12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
09:45 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:01 EDTZMHZimmer announces FDA clearance of Optio-C anterior cervical system
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08:07 EDTKSSKohl's to open stores at 6p.m. on Thanksgiving Day
07:23 EDTNFLX, SNDKRBC Capital to hold a conference
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07:12 EDTFDXCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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