The Right Stock At The Right Time®  Launch Smart Chart
Updated For:
  Home     Markets     Stocks   |   ETF Center   |   Stock Watch   |   Screening Tools   |   Trading Ideas   |   Advanced Tools   |   Help/Contact Us    
 
Favorites
Daily Market Comment 
Dr. ME Talks Stocks 
Market Letter
On The Edge
The Outlook
Email Alert

News & Analysis
Markets
Stocks & Funds
Options & Futures
Economy
Personal Finance

By Providers
Standard & Poor's
TheStreet.com



 

10/24/14 04:32:12 PM
MARKET MOVERS

Movers: FLIR Systems, Inc., Digital River Inc., Avery Dennison Corporation

FLIR Systems, Inc.(FLIR) : by DONABEL HARMS Targeted News Service WASHINGTON, Oct. 24 -- The following federal contracts were announced by federal agencies as having been awarded to companies operating in Oregon. *** MILITARY $2.06 Million Federal Contract Awarded to FLIR Systems WASHINGTON, Oct. 24 -- FLIR Systems Inc., Wilsonville, Oregon, won a $2,056,320 federal contract from the U.S. Army Contracting Command, Redstone Arsenal, Alabama, for air frame structural components. Contacts: Oscar O. Dothard, 256/842-7509, oscar.o.dothard.civ@mail.mil; or Lechara Fletcher, 256/313-1153. MIL5FCA5. *** $27,750 Federal Contract Awarded to Evergreen Remodeling WASHINGTON, Oct. 24 -- Evergreen Remodeling Inc., Corbett, Oregon, won a $27,750 federal contract from the U.S. Forest Service, John Day, Oregon, for John Day helibase type I helipad construction and site work. Contacts: RaShauna M. Workman, 154/157-53131, rworkman@fs.fed.us; or Sarah L. Ackerman, 541/575-3155, sarahackerman@fs.fed.us. CIV5FCA5. ClassY; *** $4,145 Federal Contract Awarded to Celartem WASHINGTON, Oct. 24 -- Celartem Inc., Portland, Oregon, won a $4,144.86 federal contract from the U.S. Army Corps of Engineers, Sacramento, California, for GeoExpress maintenance. Contact: DeAnna L. Mannel, 916/557-6690, deanna.l.mannel@usace.army.mil. CIV5FCA5. For more information about Targeted News Service, including its daily federal contract report NewsFocus Newsletters, contact: Myron Struck, Editor, Targeted News Service, Springfield, Va. 703/866-4708, Cell: 703/304-1897, myron@targetednews.com. -1179920



Digital River Inc.(DRIV) : NEW YORK, Oct. 24, 2014 /PRNewswire/ --Securities lawyers at Dunnam & Dunnam are investigating the board of Digital River, Inc. (NASDAQ: DRIV) in connection with a buyout for only $26.00 per share. Concerned DRIV investors are encouraged to contact attorney Hamilton Lindley by clicking here. The investigation focuses upon the shareholder value of the transaction. According to Bloomberg, the Revenue and Total Assets multiples are below the averages of comparable transactions. The firm's potential shareholder lawsuit will seek to obtain the highest price reasonably available and that all important information about the deal is disclosed. Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. DRIV stockholders - or anyone with knowledge about this situation - should contact lawyer Hamilton Lindley at hlindley@dunnamlaw.com with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/DRIV. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digital-river-inc-stockholders-encouraged-to-contact-securities-law-firm-about-takeover-915335222.html SOURCE Dunnam & Dunnam



Avery Dennison Corporation(AVY) : NEW YORK (AP) Avery Dennison's net income climbed 38 percent to $64.3 million in its third quarter. The company also named Mitchell Butier as its president and chief operating officer starting next month. The labeling and packaging products maker had a profit of 68 cents per share. Excluding costs from restructuring and discontinued operations, per-share earnings were 77 cents, which was 3 cents better than Wall Street had expected, according to a poll by Zacks Investment Research. Revenue grew 4 percent to $1.56 billion. Shares rose $2.33, or 5.3 percent, to $46.51 in afternoon trading. Excluding one-time charges, the company projected per-share earnings of $3 to $3.05 per share for the year, bringing down by a nickel the high end of its previous forecasts. Butier, 43, has been Avery Dennison's chief financial officer since June 2010, and he will keep that role until the company finds a replacement. Dean Scarborough is giving up the title of president but will remain chairman and CEO. Donald Nolan, the head of Avery Dennison's materials business, will leave the company. Shares of Avery Dennison Corp., based in Glendale, California, have declined 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 5.5 percent. The stock has risen roughly 1 percent in the last 12 months.



Barnes Group Inc.(B) : Oct. 24--Earnings at Barnes Group jumped 62 percent in the third quarter on increased sales from an acquisition that closed earlier this year and higher margins in its aerospace and industrial distribution businesses. The Bristol parent of Associated Spring, Barnes Aerospace, Synventive and other businesses reported Friday net income of $317.7 million, or 61 cents per diluted share, up from $269.5 million, or 38 cents per diluted share, in the same quarter last year. A major boost in sales came in the form of about $30 million from a new member of the Barnes Group family: Manner, a German industrial manufacturer and precision mold firm. Those new revenues aside, the company's industrial and aerospace businesses both reported higher organic sales. The company has also cut costs, closing a Michigan automotive spring plant in March. Barnes Group increased its projection for full-year results, pushing it to $2.30 to $2.35 a share on an adjusted basis. "Orders in the quarter were solid which supports an improved outlook for 2014 and positive momentum heading into 2015," Chief Executive Officer Patrick J. Dempsey said in a statement. The third-quarter adjusted results were stronger than the 58 cents per diluted share that Wall Street expected. Barnes Group reported 64 cents per share on an adjusted basis for the quarter. Sales increased 18 percent in the quarter to $317.7 million. Aerospace sales were up 8.5 percent in the quarter, while industrial sales jumped 23.5 percent with the addition of the Manner business. ___ (c)2014 The Hartford Courant (Hartford, Conn.) Visit The Hartford Courant (Hartford, Conn.) at www.courant.com Distributed by MCT Information Services



Digital River Inc.(DRIV) : Midway through trading Friday, the Dow traded up 0.52 percent to 16,764.34 while the NASDAQ surged 0.39 percent to 4,470.29. The S&P also rose, gaining 0.46 percent to 1,959.85. Leading and Lagging Sectors In trading on Friday, telecommunications services shares were relative leaders, up on the day by about 1.19 percent. Meanwhile, top gainers in the sector included TIM Participacoes S.A. (NYSE: TSU), up 3.3 percent, and China Mobile (NYSE: CHL), up 2.9 percent. Energy services shares fell by 0.12 percent on Friday. Top losers in the sector included Basic Energy Services (NYSE: BAS), down 8.6 percent, and Vaalco Energy (NYSE: EGY), off 5.7 percent. Top Headline Ford Motor Co (NYSE: F) reported better-than-expected third-quarter earnings. The Dearborn, Michigan-based company posted quarterly net income of $835 million or $0.21 per share, down from $1.27 billion, or $0.31 per share, in the year-ago period. Its pretax profit slipped to $1.18 billion, or $0.24 per share, versus $2.6 billion, or $0.45 per share. Its revenue dropped to $34.9 million from $35.8 million. Analysts were expecting a profit of $0.19 per share on revenue of $33.11 billion. Equities Trading UP Digital River (NASDAQ: DRIV) shares shot up 47.58 percent to $25.65 after the company agreed to be acquired by an investor group led by Siris Capital Group for $26.00 per share in cash. Shares of BJ's Restaurants (NASDAQ: BJRI) got a boost, shooting up 24.37 percent to $41.29 on stronger-than-expected Q3 earnings. KLA-Tencor (NASDAQ: KLAC) shares were also up, gaining 7.61 percent to $76.40 after the company reported better-than-expected Q1 results. The company announced a $16.50 per share special dividend and added 3.6 million shares to buyback. Equities Trading DOWN Shares of DryShips (NASDAQ: DRYS) were down 23.25 percent to $1.54 after the company priced 250 million shares of common stock at $1.40 per share. Pandora Media (NYSE: P) shares tumbled 14.92 percent to $19.67 on quarterly results. The company reported upbeat quarterly results and raised its outlook for the fourth quarter and full year. Amazon.com (NASDAQ: AMZN) was down, falling 6.96 percent to $291.38 after the company reported weaker-than-expected third-quarter results and issued a weak sales forecast for the holiday quarter. Commodities In commodity news, oil traded down 0.90 percent to $81.35, while gold traded up 0.10 percent to $1,230.30. Silver traded up 0.07 percent Friday to $17.17, while copper rose 0.20 percent to $3.05. Eurozone European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.33 percent, the Spanish Ibex Index rose 0.13 percent, while Italy's FTSE MIB Index gained 0.31 percent. Meanwhile, the German DAX slipped 0.66 percent and the French CAC 40 declined 0.69 percent while UK shares dropped 0.51 percent. Economics Sales of new homes gained at an annual rate of 467,000 in September, versus a revised 466,000 in August. However, economists were expecting sales rate to reach 470,000. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Juniper Networks, Inc.(JNPR) : US networking company Juniper Networks' revenue in the Americas increased 3% in the third quarter to US$678mn from US$661mn in the year-ago quarter. Globally, Juniper posted US$1.126bn quarter revenue, down 5% from US$1.186bn, according to the company's preliminary financial results. Products accounted for US$810mn of sales, while services brought in US$316mn, down 11% and up 11%, respectively. Net income increased 5% to US$104mn from US$99mn in 3Q13. The company projects revenue in the range of US$1.025bn-1.075bn for the fourth quarter. Juniper has Latin American offices in Mexico, Brazil, Colombia and Argentina.



Ingram Micro Inc.(IM) : At 10:30 am, the Dow gained 0.18% to 16,707.93, the broader Standard & Poor's 500 index moved up 0.17% to 1,954.04 and the NASDAQ composite index rose 0.31% to 4,466.50. The industries that are driving the market today are: Diagnostic Substances: The industry gained 2.79% by 10:30 am. The top performer in this industry was Vermillion (NASDAQ: VRML), which gained 4%. Vermillion shares have dropped 44.04% over the past 52 weeks, while the S&P 500 index has gained 10.86% in the same period. Computers Wholesale: This industry moved up 2.38% by 10:30 am. The top performer in this industry was Ingram Micro (NYSE: IM), which gained 6.4%. Ingram Micro reported Q3 earnings of $0.62 per share on revenue of $11.20 billion. Toy & Hobby Stores: This industry jumped 2% by 10:30 am. The top performer in this industry was Build-A-Bear Workshop (NYSE: BBW), which rose 2.1%. On Thursday, Build-A-Bear reported upbeat quarterly results. Foreign Utilities: This industry rose 1.79% by 10:30 am ET. The top performer in this industry was CPFL Energia SA (NYSE: CPL), which gained 4.5%. CPFL Energia's trailing-twelve-month revenue is $6.13 billion. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



BJ's Restaurants, Inc.(BJRI) : Digital River (NASDAQ: DRIV) shares jumped 47.04% to reach a new 52-week high of $25.56 after the company agreed to be acquired by an investor group led by Siris Capital Group for $26.00 per share in cash. BJ's Restaurants (NASDAQ: BJRI) shares rose 21.14% to touch a new 52-week high of $40.22 on stronger-than-expected Q3 earnings. Vitae Pharmaceuticals (NASDAQ: VTAE) shares touched a new 52-week high of $11.05 after the company reported positive top-line results from clinical trials in treatment and prevention of Alzheimer's disease as part of the collaboration with Boehringer Ingelheim. First American Financial (NYSE: FAF) shares reached a new 52-week high of $29.43. On Thursday, the company reported upbeat quarterly results. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Digital River Inc.(DRIV) : Oct. 24--A private investment firm agreed to buy Digital River Inc., the Minnetonka-based maker of e-commerce software, for $840 million, a 50 percent premium over its recent valuation, the companies said Friday. The purchase by Siris Capital Group would put Digital River, which became a public company in 1998 during the first Internet boom, into private ownership. New York-based Siris has purchased two other software firms this year: Pulse Secure, a provider of mobile security products and virtual private networks, and Stratus Technologies, a developer of technologies to safeguard systems against power outages. But for the next 45 days, Digital River is in play. Under the terms of the agreement, Digital River during that time can solicit proposals from other companies that may want it. Siris offered $26 a share for Digital River, well above Thursday's close of $17.38 and a 67 percent premium over its 90-day average price. Digital River shares rose 48 percent in early trading Friday. "We believe this transaction will provide Digital River with the flexibility to innovate and execute our vision of setting the standard for global e-commerce technology and services," David Dobson, Digital River's chief executive, said in a statement. Dobson last year succeeded founder Joel Ronning, who left after a series of earnings disappointments. Ronning is still the largest individual shareholder in the company. The company, which has about $400 million in annual revenue, is scheduled to release its third quarter results on Wedesday. Evan Ramstad -- 612-673-4241 ___ (c)2014 the Star Tribune (Minneapolis) Visit the Star Tribune (Minneapolis) at www.startribune.com Distributed by MCT Information Services



Cabela's Incorporated(CAB) : Cabela's Price:$49.31 Chg: -$8.63 % chg: -14.9% Day's high/low: $53.66/$48.80 The outdoor sporting goods retailer reported third-quarter earnings that failed to meet expectations. Cabela's also lowered its forecasts for its full-year 2014 fiscal year revenue and earnings. Comcast The nation's largest cable company said third-quarter net income rose 50% to $2.6 billion as broadband Internet revenue continues to climb and cable TV customer defections slowed. Sears The cash-strapped retailer rallied following a report that it plans to close more than 100 Sears and Kmart stores and lay off more than 5,400 employees, many ahead of the Christmas shopping season.



Cabela's Incorporated(CAB) : Cabela's Price:$49.31 Chg: -$8.63 % chg: -14.9% Day's high/low: $53.66/$48.80 The outdoor sporting goods retailer reported third-quarter earnings that failed to meet expectations. Cabela's also lowered its forecasts for its full-year 2014 fiscal year revenue and earnings. Comcast The nation's largest cable company said third-quarter net income rose 50% to $2.6 billion as broadband Internet revenue continues to climb and cable TV customer defections slowed. Sears The cash-strapped retailer rallied following a report that it plans to close more than 100 Sears and Kmart stores and lay off more than 5,400 employees, many ahead of the Christmas shopping season.



 

Past performance is not a guarantee of future results. The data contained in Market Edge is obtained from sources considered by Computrade Systems, Inc. to be reliable but the accuracy and completeness thereof are not guaranteed. Computrade Systems, Inc. does not and will not warrant the performance and results that may be obtained while using the Market Edge research service.
The Market Edge research service & Second Opinion are neither offers to sell nor solicitations of offers to buy any security.
Company profile, estimates and financials provided by Standard & Poor's
See User Agreement for other disclaimers.
Market Edge and Second Opinion are registered trademarks of Computrade Systems, Inc.
© 2014 Computrade Systems, Inc.
© 2014 The McGraw-Hill Companies, Inc. Standard & Poor's is a division of The McGraw-Hill Companies, Inc. See full Copyright for details.