Valeant reportedly under criminal investigation for allegedly defrauding insurers http://www.cnbc.com/2016/08/10/vale...ly-defrauding-insurers-dj-citing-sources.html currently down 7% after hours at $26.06.... man these guys remind me of sunedison, always some self inflicted retarded bad news around the corner.
Does the drama ever end with this company? Suddenly I don't feel so bad about where I took profit during Tuesday's rally.
Early movers: KSS, BABA, SHAK, GOOGL, VRX, AMZN, WMT & more Kohl's — The retailer beat estimates by 18 cents a share, with adjusted quarterly profit of $1.22 per share. Revenue was above forecasts, as well. Comparable-store sales were down by 1.8 percent, matching estimates. Kohl's cut its full-year forecast, but its projections remain above Street estimates. Alibaba — Alibaba reported quarterly profit of 74 cents per share, beating forecasts by 11 cents a share. Revenue was above forecasts, as well. Alibaba also saw gross merchandise volume jump 24 percent, with an 18 percent increases in active buyers and a 39 percent rise in mobile users. Amarin — The biopharmaceutical company announced plans for a secondary stock sale of an as-yet undetermined size. Middleby — The maker of food service equipment reported quarterly profit of 85 cents per share, beating estimates by 10 cents a share. Revenue was also well above analysts' forecasts. The company said it faced some challenges during the first half of this year, but is seeing strong demand from its restaurant chain customers. Shake Shack — The restaurant operator reported adjusted quarterly profit of 14 cents per share, beating estimates by 1 cent a share. Revenue also beat forecasts, but same-store sales rose just 4.5 percent compared to analysts' forecasts for a 5.4 percent gain. During the prior quarter, same-restaurant sales had jumped nearly 10 percent. Blue Buffalo Pet Products — Blue Buffalo beat estimates by 2 cents a share, with adjusted quarterly earnings of 19 cents per share, while the pet products maker saw revenue come in ahead of estimates. The company also raised its earnings guidance for the full year. Alphabet — The company's Google Ventures unit saw Chief Executive Officer Bill Maris resign, according to multiple reports, to be replaced by managing partner David Krane. Maris was the founder of the unit, which is the company's venture capital arm. Valeant Pharmaceuticals — Valeant is the subject of a criminal probe, according to The Wall Street Journal. The drugmaker is being investigated by federal prosecutors over whether it defrauded investors by masking its affiliation with mail-order pharmacy Philidor, according to the paper. Chesapeake Energy — The pipeline operator is selling its Barnett shale property in Texas to private-equity firm Saddle Barnett Resources, and has also renegotiated a pipeline contract with Williams Partners. The two moves are estimated to save Chesapeake more than $1.9 billion in future costs. Boeing — Boeing does not plan to increase production of its 787 Dreamliner and is also holding out the possibility of cutting 777 jet production. Chief Financial Officer Greg Smith told reporters that the jet maker will respond as market demand indicates. Newmont Mining — Chief Executive Officer Gary Goldberg told Reuters that the gold producer will likely review its dividend policy at the end of the year. Gold producers had cut dividends as gold prices tumbled. Facebook — Facebook is running into resistance from TV content owners like Walt Disney, and NBCUniversal and CNBC parent Comcast, on deals involving Facebook's video features, according to The Wall Street Journal. The paper said the companies are reluctant to turn control over content to Facebook. Amazon.com — Amazon is not trying to replace third party shippers like FedEx and UPS in the near term with its own delivery operation, according to The New York Times. The paper said Amazon is seeking to build up its own shipping capabilities without dropping those partners. Wal-Mart — The retailer's Mexico unit is selling its Suburbia clothing chain to Puerto De Liverpool for about $852 million. Macy's — Macy's reported fiscal second-quarter sales and earnings that topped expectations, as shoppers responded to steep discounts. Yet with sales still on the decline, the retailer said it will shutter 100 locations.
SolarCity has plans to sell homeowners a 'solar roof' Elon Musk notes the plans could open a new market with millions of potential customers in just the US. The company said Tuesday it plans to make a high-tech roof with integrated solar panels, and hinted at other features as well. Executives said the plan could open up a new market with millions of potential customers in the United States alone. "It's not a thing on the roof, it's the roof," said SolarCity Chairman Elon Musk on a conference call with analysts on Tuesday. Musk said this will be a "standout" product and a "fundamental part of achieving a differentiated product strategy" for SolarCity.
ER due out after the close today: $NVDA $PTX $JWN $RT $ORIG $PLNT $PBR $ACIA $PAAS $RUN $DDS $AZPN $DAR $LXFT
Ahh PLNT, the $2B gym. Just took a cursory look at BUFF and its candle. What people don't want to pay 120x book value for dog food?
LOL Thats what I like to see...after such a run up...to the moon alice by most....2 weeks of chop but higher...again not where I would start a long at all CL shaping up nicely and very bullish on #crude right now.
today was the first time since dec. 1999 that we had the dow 30, spx, comp, and ndx all post record closes on the same day...
