ticker

Dollar General Profit Jumps, Stein Mart Tumbles

Mukesh Buch
10 Mar, 2016
New York City

AEP Ind net soared. Cantel Medical profit and revenues jumped. Coca-Cola Bottling net and revenues surged above 40%. Dollar General net jumped 6% and lifted fiscal outlook. Ferrellgas net plummeted 23%. Korn/Ferry net swung to a loss. Stein Mart net plunged 49%. Vail Resorts net rose.

Broad Advance in European Indexes, Old Mutual in 4-Part Break Up

Lucy Stoeva
12 Mar, 2016
New York City

European market indexes soared in a broad rally sparked by advances in banks and resource sectors. ArcelorMittal outlined the terms for a $3 billion rights issue that aims to reduce debt. Old Mutual announced a plan to break up in four companies.

ECB Lowers Key Rates and Expands Asset Purchase Program

Lucy Stoeva
10 Mar, 2016
New York City

European Central Bank expanded stimulus program in scope and scale and also cautioned future rate cuts are less likely after lowering rates today. Hannover R

Orange Telecom Merger Talk Drive European Markets Higher

Lucy Stoeva
10 Mar, 2016
New York City

European stock markets rose on higher oil prices, a rebound in banking stocks, and merger talk in the telecom sector. Telecom Italia and Orange may pursue a merger. Credit Agricole announced an ambitious cost saving program and distribute 50% of earnings as dividends from the next year.

AeroVironment, Express, Vera Bradley Jump; Trevena Declines

Mukesh Buch
09 Mar, 2016
New York City

AeroVironment net soared and lifted gross profit margin forecast for the year. Express net surged 34% on 5% increase in revenues. Speedway Motorsports net loss narrowed. Trevena net loss widened. Vera Bradley profit plunged 9%.

Euro Zone Economy Expands 0.3%, Weak China Trade Data Drag Indexes

Lucy Stoeva
08 Mar, 2016
New York City

European markets fell after China reported weakening international trade data. Fourth-quarter GDP grew 0.3% in the euro zone. Symrise warned of a difficult 2016. Burberry Plc surged 6% on takeover speculations.

Calavo Growers, Thor, Urban Outfitters Surge; Navistar Declines

Mukesh Buch
08 Mar, 2016
New York City

Calavo Growers net surged 20%. Dicks Sporting net declined 17%. Navistar Intl net loss narrowed and revenues plummeted 27%. Saga Communications plunged 16%. Thor Industries net surged 56%. Urban Outfitters net slumped 9%.

German Manufacturing Slows Down, SeaDrill Extends Recent Surge

Lucy Stoeva
07 Mar, 2016
New York City

European shares retreated on weakening German manufacturing data and interest rate jitters ahead of the ECB meeting. French utility EDF slumped after the CFO resigned. SeaDrill extended gains and soared 60% on its refinancing plans.

Supreme Court Rejects Apple e-book Appeal

Mukesh Buch
07 Mar, 2016
New York City

Apple Inc may have to pay $450 million in fines and fees linked to e-books price-fixing inquiry. Federated National net declined 7% but revenues surged 30%. Greif net swung to a loss. Lumos Networks plunged 21%. Superior Industries Intl jumped after profit soared.

US Jobs Data Boosts European Markets, Seadrill Vaults 39%

Lucy Stoeva
04 Mar, 2016
New York City

European market indexes recorded solid gains after the strong U.S. jobs report. Norway-based Seadrill surged 38.8% on debt refinancing speculation. Gemalto soared 9.1% to a seven-year high, after the software maker forecasted rising profitability in 2016.

Cooper Beats Expectations, Staples Swings to Profit

Mukesh Buch
04 Mar, 2016
New York City

Big Lots net edged up as sales fell 0.6%. Cooper profit plunged 16%. Hurco net rose 3%. Staples net swung to profit while net sales declined 7%. Under Armour reiterated revenues and operating income forecast.

Service Sector Struggles Across Europe, Evonik Drops to a 3-Year Low

Lucy Stoeva
03 Mar, 2016
New York City

European markets closed slightly lower as investors digested latest service sector surveys in the region. Evonik hit a three-year low on a weaker 2016 outlook. Insurer Admiral Group surged after posting 6% growth in 2015 pre-tax profit.

Barnes & Noble, Joy Global Soar; Ciena, Kroger, Stage Stores Plunge

Mukesh Buch
03 Mar, 2016
New York City

Barnes & Noble net surged 11%. Burlington Stores net and revenues rose 4%. Ciena net loss narrowed after revenues jumped. Joy Global net swung to a loss on 25% decline in revenues. Kroger profit soared 8%. Stage Stores net plunged 52%. Tech Data net surged 19%.

Volatile Energy and Finacnial Stocks in Europe, Luxottica, Subse 7 in Focus

Lucy Stoeva
02 Mar, 2016
New York City

European markets were volatile tracking the oil market volatility and jitters related to banking sector. Subsea 7 plans to cut 4,000 jobs to deal with sliding oil prices. Luxottica plans to buy back shares.

Bob Evans, Forestar, Ross Stores, Tribune Jump; FairPoint Drops

Mukesh Buch
02 Mar, 2016
New York City

Abercrombie & Fitch profit jumped. Bob Evans net surged but sales fell. Forestar net loss narrowed after revenues surged. FairPoint and Milacron net swung to profit but revenues dropped. Ross Stores net soared. Tribune Publishing net swung to a loss. TiVo net tumbled.

Market Update