ticker

Conn's, Destination Maternity, SYNNEX Decline; McCormick Net surges

Mukesh Buch
29 Mar, 2016
New York City

Conn''s net plummeted 93% but revenues jumped 7%. Destination Maternity net loss narrowed. Lennar profit surged 25%. McCormick lifted sales and profit outlook. SYNNEX net edged up but revenues fell.

Marriott Cautious After Anbang Lifted Starwood Offer

Mukesh Buch
28 Mar, 2016
New York City

China-based Anbang Insurance raised its offer for Starwood Hotels to $13.9 billion. Dell agreed to sell its information technology consulting business to Japan-based NTT Data Corp for $3.05 billion.

European Markets Lower Ahead of Easter Holiday, Next Plunges15%

Lucy Stoeva
24 Mar, 2016
New York City

European market indexes closed lower ahead of the Easter holidays. Resource and energy stocks fell after the U.S. dollar strengthened and U.S. crude inventories increased. Next, the apparel retailer sank 15% on weak 2016 sales outlook. Italian banks were under pressure.

Accenture, PVH, Signet Jewelers Rise; Discovery Lab, Finish Line Fall

Mukesh Buch
24 Mar, 2016
New York City

Accenture net loss narrowed after sales jumped. Finish Line net tumbled 90% but revenues increased. PVH profit surged 161%. Signet Jewelers net soared 19%. Discovery Laboratories net narrowed and revenues declined 42%.

Leusure Stocks Rebound in Europe, Credit Suisse to Cut 2,000 Jobs

Lucy Stoeva
23 Mar, 2016
New York City

European stock indexes closed flat on Wednesday as weakness in mining stocks offset a rebound in travel and leisure stocks one day after the terrorist attacks in Belgium. Credit Suisse will cut about 2,000 jobs as part of its global restructuring. William Hill issued a profit warning.

Cintas, General Mills, Nike, Red Hat Net Soar; Fred's Net Loss Narrows

Mukesh Buch
23 Mar, 2016
New York City

Bristol-Myers plans to acquire privately held Padlock Therapeutics for $600 million. Cintas net soared 24% on 10% jump in revenues. Fred''s net loss narrowed. General Mills profit jumped 5%. Neogen net soared 12%. Nike profit surged 20%. Red Hat net soared 11%.

European Markets Recover After Brussels Attack

Lucy Stoeva
22 Mar, 2016
New York City

European market indexes closed flat after the sharp decline in the aftermath of the terrorist attacks in Brussels. Eurozone economic activity regained momentum in March. PMI. Partners increased its dividend.

Anthem Sues Express Scripts, Mattress Firm Net Jumps

Mukesh Buch
22 Mar, 2016
New York City

Anthem sued Express Scripts Holding for price gouging. Centrus Energy net loss in the quarter widened. CIFC net swung to a loss. Elbit Systems net surged 43%. G-III Apparel net plunged 14%. Mattress Firm net more than doubled.

European Markets Trim Early Gains on Weaker Commodities

Lucy Stoeva
21 Mar, 2016
New York City

European market indexes were little changed on Monday and weak commodities trimmed early gains. Telecom Italia gained 3% after chief executive was forced out. Bayer gained 4% on rumors about a potential acquisition of its crop unit by Monsanto.

Starwood Accepts Revised Marriott Offer

Mukesh Buch
21 Mar, 2016
New York City

IHS profit surged and agreed to acquire U.K.-focused Markit Ltd. Marriott Intl agreed to acquire Starwood Hotels after revising the offer to $79.53 per share. Sherwin-Williams agreed to buy Valspar for $9.3 billion.

Weaker Euro and Banks in Focus in European Trading

Lucy Stoeva
18 Mar, 2016
New York City

European stocks were little changed on Friday as investors in the absence of large swings in oil and commodity prices. Generali announced a jump of 15% in annual pre-tax profit. Nordea Bank confirmed plans to transform its subsidiaries into branches.

Adobe Profit Surges, Tiffany Net Plunges; Aeropostale Tumbles

Mukesh Buch
18 Mar, 2016
New York City

Adobe Systems net surged three-fold on the back of 25% jump in revenues. Aeropostale net loss widened after sales tumbled. Gordmans Stores net plunged 52%. Myokardia net loss widened on flat revenues. Tiffany profit tumbled 17% and sales declined 6%.

European Markets Ahead of Fed Decision, Tullow Discovers Oil in Kenya

Lucy Stoeva
16 Mar, 2016
New York City

European markets were little changed as investors remained cautious ahead of the U.S. Fed decision on interest rates. Tullow Oil discovered oil in Kenya

CLARCOR, FedEx, Michaels Soar; Jabil Circuit, Williams-Sonoma Fall

Mukesh Buch
17 Mar, 2016
New York City

Cato net surged 28%. CLARCOR net profit plunged 18% on 6% decline in revenues. FedEx net tumbled 19% but revenues soared 9%. Jabil Circuit net soared 52%. Lands'''' End net swung to a loss. Michaels Co net jumped. Williams-Sonoma net fell.

Euro Jumps 1% After Fed Limits Future Rate Hikes, Lufthansa Falls 6%

Lucy Stoeva
17 Mar, 2016
New York City

The euro rose and European markets eased after the U.S. Fed limited future rate hikes to two in the rest of 2016 citing global economic weakness. Lufthansa projected slower earnings improvements. Immofinanz posted a loss after a write-down of

Market Update