Bookmark and Share

Facebook Price Target Raised By Stifel

Jordan Rohan and Michael Purcell, Equity research analysts at Stifel raised price target on Facebook Inc. (NASDAQ: FB) to $50. The firm reiterated a “buy” rating on the stock. The research report cited Facebook’s unexpected growth in the recent past, which breached the earlier price target of $38.01. The analysts expect that the stock’s uptrend [...]

Bookmark and Share

GE Planning To Spin Off Consumer Lending Business

Wall Street Journal, citing sources familiar with the matter said on Friday that General Electric Co. (NYSE: GE) is planning to spin off its U.S. consumer lending operations, which is a part of the finance unit of GE capital. The move comes as the conglomerate looks to shift its focus towards core competencies, which is [...]

Bookmark and Share

K12 Shares Catapult After Q4 Results

K12 Inc. (NYSE: LRN), a technology-based education provider handed better-than-expected fiscal fourth quarter results. For the latest quarter, the Herndon, VA based Company reported net income of $2.2 million or 6 cents a share compared to a profit of $1.8 million or 5 cents a share, in the year-earlier quarter. Analysts polled by Thomson Reuters [...]

Bookmark and Share

Signet Jewelers Q3 Earnings Guidance Weak, Shares Fall Sharply

Although Signet Jewelers Inc.’s (NYSE: SIG) fiscal second-quarter revenue rose 3% and core earnings topped analysts’ expectation, shares fell sharply on Wednesday as women accessories provider’s guidance for the current quarter fell short of Street’s expectation. Revenue in the latest period also missed Wall Street’s expectation, mainly due to its disappointing performance in the U.K. [...]

Bookmark and Share

Joy Global Beats Q2 Estimates But Cautious About Full-Year Revenue

Mining equipment company, Joy Global Inc. (NYSE: JOY) reported on Wednesday that fiscal third quarter net income slipped 5.3% as margin narrowed and sales declined. Still, core earnings and revenue topped Street’s expectation. Shares, however, fell sharply as the company expects some headwinds in coming months. Citing corrections in coal prices (China and Australia), CEO, [...]

Bookmark and Share

Express Inc. Q2 Revenue Rises 7%, Same-Store-sales Up 6%

Shares of Express Inc. (NYSE: EXPR) gained sharply on Wednesday after the specialty retailer handed better-than-expected revenue for the fiscal second quarter. Earnings also matched Street’s consensus estimates. Encouraged by higher sales and growing customer traffic, the retailer also lifted its full-year earnings outlook. Same-store-sales rose 6% in the recently concluded quarter. E-commerce sales jumped [...]

Bookmark and Share

DSW Tops Q2 Expectation

Shares of DSW Inc. (NYSE: DSW) rallied on Tuesday after the footwear retailer reported 15% increase in fiscal second quarter net income, aided by higher sales. For the quarter which ended August 3, the Columbus OH based company posted a profit of $33.7 million or 73 cents a share compared to a net income of [...]

Bookmark and Share

Akorn Agrees To Acquire Hi-Tech Pharmacal

Generic drugmaker, Akorn Inc. (NASDAQ: AKRX) has agreed to acquire its smaller rival Hi-Tech Pharmacal Co. (NASDAQ: HITK) in deal valued at $640 million. The acquisition will allow Akorn to gain traction in the eye-care drug market by expanding its portfolio, which includes ointments and oral liquids. According to the terms of the deal, Akorn [...]

Bookmark and Share

Sanderson Farms Beats Q3 Estimates

Sanderson Farms Inc. (NASDAQ: SAFM) reported sharp jump in fiscal third quarter earnings. The poultry producer’s bottom line was bolstered by higher prices of chicken products. In the latest period, overall poultry prices increased 12% while prices of boneless chicken breasts soared 32% from the year-earlier quarter. The earnings stood at $67.9 million or $2.95 [...]

Bookmark and Share

Tiffany Q2 Earnings Up 16%

Luxury jewelry retailer, Tiffany & Co. (NYSE: TIF) reported on Tuesday that fiscal second quarter earnings rose 16%, aided by strong sales growth in Asia Pacific and improved margin. The Company also raised its full-year earnings guidance. Tiffany now expects earnings to be in the range of $3.50 to $3.60 a share up from its [...]


-------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.