The FedEx jet contains the engine that GE identified. However, the results did beat analyst forecasts.Īrconic (ARNC) won its first major supply deal since being spun off from Alcoa (AA), a $1 billion contract with aircraft maker Airbus to supply aluminum products.įedEx (FDX) temporarily grounded one of its jets after General Electric (GE) warned airlines about a possible problem with one of its engines. Toyota (TM) reported a 36 percent decline in net profit for its fiscal second quarter, with the automaker's results hurt by a strong yen and weak US sales. The hotel giant saw overall profit hurt by costs related to its now-completed acquisition of rival Starwood. Marriott (MAR) beat on earnings but missed forecasts on revenue. Results were pressured by a tough print ad market and foreign currency issues. News Corporation (NWSA) lost an adjusted a penny per share, compared to breakeven estimates. Priceline also announced a $941 million write-down related to its OpenTable service. But the travel services firm warned on outlook. Priceline (PCLN) beat on earnings, revenue, and bookings. However, it plans to keep using the Smith & Wesson name for its handguns. Smith & Wesson (SWHC) plans to ask shareholders to approve a change in its corporate name to American Outdoor Brands.
(TechCrunch)įacebook (FB) is testing a feature to let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn (LNKD) recruiting business. The offers are said to be under $10 million. Twitter (TWTR) is considering offers to buy its Vine service, despite having announced plans last month to shut down the short-form video service.
National Amusements, which controls both, has asked the two to examine a possible deal. (Reuters)ĬBS (CBS) has retained banks Moelis and Goldman Sachs to advise on a possible merger with Viacom (VIAB). (TechCrunch)Ī federal court jury has awarded $3 million in damages to a University of Virginia administrator, who jurors last week found was defamed by Rolling Stone magazine's now-retracted story of a gang rape. Tesla said it's buying Germany's Grohmann Engineering, in a deal that would see the global engineering leader become Tesla's new Advanced Automation facility based in Germany.
SWHC WRITEDOWN FREE
(MarketWatch)Īutomaker Tesla (TSLA) said it would stop offering new owners of its electric vehicles unlimited access to free fast-charging stations, as it approaches the launch of its new Model 3 vehicle. Hertz shares were losing about a third of their value in premarket trading. The car rental firm also cut full-year outlook for the year. Hertz (HTZ) reported earnings way below estimates. Separately, CVS announced a new $15 billion stock buyback program. It anticipates earnings of $0.28 to $0.30 per share.CVS Health (CVS) beat on earnings but fell short of estimates on revenue. In its guidance, the company estimates net sales for the third quarter of fiscal 2014 to be between $140 and $145 million. Short interest stands at about 11.08% of the float, according to data from About 67% of Stocktwits users are bullish on the stock and short interest is decreasing. However, the sentiment tide may be turning. $SWHC Emotional traders because of Wstein?
SWHC WRITEDOWN MOVIE
Weinstein announced the nameless movie earlier this month. Some investors may also be nervous about a movie coming out that the producer, Harvey Weinstein, has claimed will make the gun industry wish for death. Smith and Wesson said last week that it would not sell new guns in California as a result.
SWHC WRITEDOWN CODE
The code would help police trace bullets back to specific guns and, ideally, the person who fired. California passed an “Unsafe Handgun Act” that requires gun makers to adopt technology on newer guns that would stamp bullets with a code once discharged. Some of the problem appears to be the legislative landscape. $WLT $SWHC $CLF $IGT Carnage!! Great day to sell puts. WHAT THE H IS GOING ON!!!? DOWN 15% in 2 weeks!!!? $SWHC reported earnings for its second fiscal quarter in December and won’t reveal quarterly results again until March. The action in the firearm manufacturer’s stock is frustrating investors who don’t see news from the company that would justify the declines. It’s down more than 13% in the past two weeks. The stock has closed lower each day for the past five days and is poised to do it again.
Smith & Wesson Is Falling Hard And The Worst Part Is No One Really Knows Why
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