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Stock Market & Financial Investment News

News Breaks
March 28, 2014
06:26 EDTYUM, NDAQ, CMGChipotle rival El Pollo Loco planning IPO, WSJ reports
Chipotle rival El Pollo Loco is planning an IPO, a source tells the Wall Street Journal. The fast food chicken chain previously tried to go public in 2006 on Nasdaq. Reference Link
News For YUM;CMG;NDAQ From The Last 14 Days
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August 27, 2015
18:16 EDTYUMLabor Relations Board revises joint employer policy
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August 24, 2015
09:03 EDTCMGChipotle price target raised to $740 from $620 at Wedbush
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09:00 EDTCMGChipotle to hire 4,000 people on a single day on September 9
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06:36 EDTCMGChipotle to hire 4,000 employees in one day next month, WSJ reports
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August 23, 2015
15:30 EDTNDAQAmerican stock exchanges to ramp up anti-spoofing efforts, NY Post says
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August 19, 2015
16:58 EDTYUMOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:23 EDTYUMOptions with increasing call volume
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13:15 EDTNDAQBox to open NYC headquarters, hires Adam Ross to lead financial services team
Earlier today, Box (BOX) announced it is opening a full-scale office in New York City to expand its global presence and better serve its fast-growing enterprise customer base. The company also announced that Adam Ross has joined Box to lead the company's financial services team as a part of the Box for Industries initiative. Mr. Ross, who will be based in New York City, will be responsible for driving Box's strategy in the financial services industry, speeding adoption of Box's secure content collaboration platform with banks, insurance companies, and investment and advisory firms globally. "Now more than ever, the most highly regulated industries - from financial services to healthcare - require modern digital technologies that accelerate business and deal with outdated compliance procedures, new regulations, and cybersecurity threats," said Aaron Levie, CEO and co-founder, Box. "We're thrilled to be building out a presence on the East Coast where we'll continue hiring the best talent to bring our secure enterprise cloud platform to customers with the most strict technology needs and requirements." Ross brings more than 20 years of financial services industry experience to Box. Most recently, Ross was VP of Global Corporate Solutions at NASDAQ (NDAQ), where he helped lead the development and delivery of a state-of-the-art, cloud-based suite of products and services to thousands of global customers.
10:23 EDTYUMYum! gets a boost from China CEO change, sales commentary
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10:00 EDTCMGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
09:19 EDTYUMYum! Brands leadership change positive, says Bernstein
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08:06 EDTNDAQNASDAQ enters into partnership with Visible Alpha
The Corporate Solutions business of Nasdaq and Visible Alpha announced an exclusive agreement to provide detailed analyst forecast data and models on the Nasdaq IR Insight platform. Through this partnership, select corporate executives and investor relations officers will gain the capability to compare and contrast the financial and operating assumptions of the sell-side analysts that drive market expectations of their companies.
August 18, 2015
18:52 EDTCMGChipotle initiated with a Hold at Maxim
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18:32 EDTYUMOn The Fly: After Hours Movers
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16:34 EDTYUMYum! Brands appoints Micky Pant CEO of China Division
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06:16 EDTCMGFast food chains making new push with more fresh ingredients, WSJ says
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August 17, 2015
10:55 EDTYUMOptions with increasing implied volatility
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August 14, 2015
16:44 EDTYUMThird Point gives quarterly update on stakes
NEW STAKES: Baxter (BAX), T-Mobile (TMUS), Sealed Air (SEE), Devon (DVN), and Perrigo (PRGO). INCREASED STAKES: SunEdison (SUNE), Dow Chemical (DOW), Mohawk (MHK), Yum! Brands (YUM), and IAC/InterActiveCorp (IACI). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Sensata (ST), Masco (MAS), and Delta (DAL). LIQUIDATED STAKES: Dollar General (DG), McKesson (MCK), Edgewell Personal Care (EPC), Maxim (MXIM), and FleetCor (FLT).
10:33 EDTYUMOptions with increasing implied volatility
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07:37 EDTYUMJANA reports new stakes in Allergan, TWC, sells Applied Materials
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