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News Breaks | | | | March 12, 2013 | | 09:03 EDT |  | DMND, IRBT, KKR, YUM, AVG, HEK, TMO, LIFE, RSH, PAY, DHR, GLUU, PWRD, COST | On The Fly: Pre-market Movers
HIGHER: Yum! Brands (YUM), up 5.8% after reporting same-store sales growth of about 2% for its China Division in February... iRobot (IRBT), up 9.9% after appointing a new CFO, raising Q1 EPS outlook... VeriFone (PAY), up 8.3% after CEO steps down, company affirms targets, shares upgraded at Susquehanna... Glu Mobile (GLUU), up 25% after announcing launch of real-money gambling offering in U.K.... Life Technologies (LIFE), up 4% after WSJ says bids being considered by KKR (KKR) consortium, Danaher (DHR) and Thermo Fisher (TMO)... UP AFTER EARNINGS: Costco (COST), up 1.4%... Heckmann (HEK), up 10.5%... LOWER: RadioShack (RSH), down 5.2% following downgrade to Sell rating at Goldman Sachs... AVG Technologies (AVG), down 3.5% following downgrade at Morgan Stanley... Perfect World (PWRD), down 9.9% following downgrade at Citigroup... DOWN AFTER EARNINGS: Diamond Foods (DMND), down 6.6%. | |
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News For YUM;GLUU;LIFE;KKR;DHR;TMO;IRBT;PAY;HEK;COST;RSH;AVG;PWRD;DMND From The Last 14 Days Check below for free stories on YUM;GLUU;LIFE;KKR;DHR;TMO;IRBT;PAY;HEK;COST;RSH;AVG;PWRD;DMND the last two weeks. |
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| May 24, 2013 | | 13:19 EDT | | KKR | KKR, Silver Lake to join bidding for Hulu video service, Bloomberg reports
| | | 09:44 EDT |  | COST | Costco May weekly volatility elevated at 27 into Q3 and revenue outlook
Costco May weekly call option implied volatility is at 27, June and July is at 16, October is at 15; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on May 30. | | | 05:59 EDT | | LIFE | Stocks with implied volatility below IV index mean; LIFE ARUN
 Subscribe for More Information | | | 05:55 EDT | | LIFE | Stocks with implied volatility movement; CLWR LIFE
Subscribe for More Information | | | May 23, 2013 | | 10:08 EDT |  | PAY | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:25 EDT | | PAY | VeriFone upgraded to Buy from Neutral at SunTrust
Subscribe for More Information | | | 05:34 EDT |  | TMO | Thermo Fisher price target raised to $100 from $90 at Mizuho
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | KKR | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 13:07 EDT |  | KKR | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 12:53 EDT | | KKR | KKR considers Saks investment, could push merger with Neiman, Bloomberg says
Subscribe for More Information | | | | 09:38 EDT | | TMO | Thermo Fisher provides long-term financial profile
Subscribe for More Information | | | 09:33 EDT |  | TMO | Thermo Fisher reaffirms outlook for 2013 at analyst meeting
Subscribe for More Information | | | May 21, 2013 | | 20:03 EDT | | TMO, LIFE | Roche, Sigma-Aldrich teamed for Life bid, Reuters says
Subscribe for More Information | | | 14:50 EDT | | COST | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 14:25 EDT | | RSH | RadioShack to introduce PayPal in all stores this month, Reuters says
RadioShack (RSH) will introduce PayPal, the online payment system owned by eBay (EBAY), in all of its retail stores starting this month, reports Reuters. Reference Link | | | 11:02 EDT |  | IRBT | iRobot initiated with a Neutral at Sidoti
Target $35. | | | 10:03 EDT |  | HEK | Heckmann management to meet with Needham
Meeting to be held in the Midwest on May 22 hosted by Needham. | | | 10:00 EDT |  | LIFE | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. | | | 09:59 EDT | | AVG | AVG Technologies acquires online privacy firm PrivacyChoice
Subscribe for More Information | | | 06:26 EDT | | LIFE | Life Technologies downgraded to Underperform from Outperform at CLSA
CLSA downgraded Life Technologies citing the takeout bid by Thermo Fisher. Price target is $76. | | |
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