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Stock Market & Financial Investment News

News Breaks
February 27, 2013
10:20 EDTSCSS, ZZ, TPXMattress sales accelerated in January, says KeyBanc
KeyBanc reported that a survey indicated that revenue from mattress sales rose 2.9% in January, versus a 3.9% decrease in December. The increase was above the firm's expectations, and the data was obtained from a sample of manufacturers, including Sealy Corporation (ZZ), Select Comfort Corporation (SCSS) and Tempur-Pedic (TPX), the firm noted. The firm maintains a Buy rating on Temur-Pedic, and Hold ratings on Select Comfort and Sealy
News For ZZ;SCSS;TPX From The Last 14 Days
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April 23, 2015
08:04 EDTSCSSSelect Comfort reported outstanding results, says Stifel
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April 22, 2015
19:14 EDTSCSSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
16:18 EDTSCSSSelect Comfort raises FY15 EPS to $1.35 from $1.30, consensus $1.35
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16:17 EDTSCSSSelect Comfort reports Q1 EPS 54c, consensus 41c
Reports Q1 revenue $349.81M, consensus $332.56M. Reports 22% comparable sales growth.
15:30 EDTSCSSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
14:06 EDTTPXEgan Jones recommends Tempur Sealy holders vote for all director nominees
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10:02 EDTSCSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
08:08 EDTTPXH Partners: ISS recommends Tempur Sealy investors vote against three directors
H Partners Management, the largest shareholder of Tempur Sealy International with an approximate 10% stake, announced that ISS, a proxy advisor, has issued a report recommending that Tempur Sealy shareholders vote “AGAINST” the re-election of the following directors at the 2015 Annual Meeting of Shareholders to be held on May 8: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We are pleased that ISS emphatically supports our effort to hold the Board accountable for Tempur Sealy’s significant underperformance. We urge all shareholders to protect their investment and send a clear message to the Board that the status quo is unacceptable by voting against these three directors today. By replacing these directors with those that are truly aligned with the interests of all shareholders, we can lay the foundations for Tempur Sealy to achieve its full earnings potential.”
April 21, 2015
16:26 EDTTPXTempur Sealy coverage assumed with an Outperform at Wedbush
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16:14 EDTSCSSSelect Comfort upgraded to Outperform from Neutral at Wedbush
April 17, 2015
08:03 EDTTPXH Partners urges Tempur Sealy shareholders to vote against TS directors
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April 16, 2015
16:15 EDTSCSSSelect Comfort says Blue Clay plans 'risky, poorly conceived'
Select Comfort sent a letter to its shareholders urging them to vote in support of its "strong financial performance and the superior shareholder returns." The letter also states, "Blue Clay is attempting to replace two incumbent Select Comfort directors with its own nominees in order to advance Blue Clay’s poorly conceived and risky changes to Select Comfort’s business. Blue Clay’s demands to 'immediately' and 'aggressively' expand the store base would have a significant adverse impact on Select Comfort’s business and shareholder value. Blue Clay’s fundamental lack of understanding of our business model and growth and profitability drivers led them to simply apply a competitor’s approach to a company unlike any other in the industry."
08:11 EDTTPXTempur Sealy backs annual adjusted EPS growth of 15% for 2015-2018
Backs annual net sales growth of 6% for 2015-2018. Backs annual operating margin improvement of 50 basis points for 2015-2018. Backs outlook of 3x leverage, with strong cash flow to return value to shareholders from 2015-2018. The company expects to generate $125M in operating income improvement by 2018 by making progress against four specific operational objectives: driving gross margin improvements for Sealy U.S.; achieving additional cost synergies from the Sealy acquisition; reducing adjusted operating expense as a percentage of revenue from 29% in 2014 to 28% by 2018; and implementing an enhanced 2015 pricing strategy. The company reiterated the confidence in its future and value creation in a letter mailed to shareholders.
April 13, 2015
09:10 EDTTPX, SCSSMattress sales grew 8.3% in February, ISPA says
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