- Sees effect on quarterly EPS USD 0.06-0.07 from weather.
NEWS: Vintage Capital says it is willing to raise bid for Aaron’s (AAN) if chain enters talks
REACTION: In an immediate reaction AAN shares rose 2.18% from USD 30.59 USD to 31.26
NEWS: Arron’s (AAN) says vintage submits 5 and Starboard submits 4 candidates for election on to the Co.’s board
REACTION: In an immediate reaction AAN shares rose 1.5% from USD 30.32 to USD 30.77
NEWS: Market talk that Crosstex Energy (XTXI) is coming out of the Russell 2000 tonight – Unconfirmed
REACTION: In an immediate reaction, XTXI shares fell 7% from USD 38.10 to USD 35.43
NEWS: Cumberland (CPIX) says Caldolor paediatric study met primary endpoint
REACTION: In an immediate reaction CPIX shares rose 8.76% from USD 4.69 to USD 5.10
NEWS: Nutrisystem (NTRI) upgraded to buy from neutral at Sidoti
REACTION: In an immediate reaction NTRI shares 3.27% rose from USD 14.21 to USD 14.69
NEWS: WWE (WWE) not in merger talks, according to WWE’s CFO
REACTION: In an immediate reaction WWE dropped 3.65% from USD 31.85 to USD 30.69
NEWS: Market talk that Active Power (ACPW) have been selected by a major wireless telecoms provider – Unconfirmed
REACTION: In immediate reaction to the news co. shares moved 5.6% higher from USD 3.55 to USD 3.75
NEWS: Regeneron Pharmaceuticals (REGN) and Sanofi (SNY) advised by the FDA that it has become aware of neurocognitive adverse events in the PCSK9 inhibitor class
REACTION: In immediate reaction, REGN shares fell 7% from USD 327.79 to USD 304.26 before being halted due to volatility. Sanofi’s ADR also came under pressure, falling 0.7% from USD 52.18 to USD 51.82. In related stocks news, Amgen (AMGN) shares fell 2.8% from USD 123.70 to USD 120.27. Aegerion (AEGR) shares rose 1.6% higher from USD 50.01 to USD 58.06. In the following 5 minutes, the NASDAQ Biotech index fell over 1% as Regeneron are the 5th largest Co. in the index.
NEWS: CNBC’s Jon Najarian says he is long Walter Energy (WLT)
REACTION: In an immediate reaction WLT shares rose 1.1% from USD 10.14 to USD 10.25. Co. shares extended on gains adding another 1.8% to bring the total move to 2.9%
NEWS: InterMune (ITMN) attracts takeover interest, according to sources
REACTION: In an immediate reaction ITMN shares spiked 11.1% higher from USD 30.06 to USD 33.39
NEWS: Plug (PLUG) CEO says sees making money this year. The RANsquawk analyst pointed out on the squawk that the Co.’s Expected EPS for 2014 is a Loss/Shr USD 0.11
REACTION: In an immediate reaction PLUG shares rose 3.6% from USD 7.23 to USD 7.49
NEWS: Energy Recovery (ERII) upgraded to accumulate from hold at Ardour Capital
REACTION: In an immediate reaction ERII shares rose 1.6% from USD 6.00 to USD 6.10
NEWS: Amyris (AMRS) mentioned cautiously by Street Sweeper
REACTION: In an immediate reaction, AMRS shares fell 4.1% from USD 4.72 to USD 4.53
NEWS: JAKKS Pacific (JAKK) upgraded to long-term buy from neutral at Hilliard Lyons
REACTION: In an immediate reaction JAKK shares rose 2.1% from USD 7.32 to USD 7.47
NEWS: Pran Biotechnology (PRAN) being added to the S&P All Ordinaries Index as part of the quarterly rebalancing
REACTION: In an immediate reaction PRAN shares rose 4.03% from USD 9.99 to USD 10.40
NEWS: Actuate (BIRT) downgraded to equalweight from overweight at First Analysis
REACTION: In the immediate reaction, BIRT shares fell 2.0% from USD 6.09 to USD 5.97
NEWS: SAS (SAS SS) says yield pressure will affect revenues even further due to the weakening of the NOK vs. last year
REACTION: SAS SS shares immediately fell 3.4% from SEK 17.70 to SEK 17.10
NEWS: RBA governor Stevens says AUD/USD over 0.90 is higher than RBA’s assessment
REACTION: In the following 4 minutes AUD/USD fell 21 pips from 0.9094 to 0.9073
US markets opened higher after better than expected US jobs data (175k vs Exp. 149k) with the E-Mini S&P futures hitting a record high at 1883.75, before fully retracing the gains as cash markets opened. US markets were weighed on as a combination of profit taking, an expected continuation of the Fed QE taper and book squaring heading into the weekend with the Ukraine crises still unresolved, dragged down stocks. In stock news, biopharmaceutical names saw weakness following reports Regeneron Pharmaceuticals (-3.06%) and Sanofi were being advised by the FDA that it has become aware of neurocognitive adverse events in the PCSK9 inhibitor class. Following this news Regeneron shares fell 10% and the NASDAQ Biotech index over 1% pulling down the NASDAQ to close the day lower. Finally, the DJIA finished up 0.18% at 16,451.95, the S&P 500 up 0.05% at 1877.95, and the NASDAQ 100 down 0.47% at 3,703.40.
- Net JPY short positions USD 9.7bln, down 6%.
- Net AUD short positions USD 3.7bln, up 5%.
- Net USD long positions at USD 10.4bln, down 19%.
- CFTC says Comex silver speculators raise cut long position by 1,748 contracts to 23,343 in the week to March 4th.
- CFTC says Comex copper speculators switch to net short position of 2,567 contracts in week to March 4th, cutting 4,026.
- CFTC says natural gas speculators in four major NYMEX and ICE markets cut net long positions by 35,845 contracts to 411,684 in week to March 4th.