Quantum Wealth Creation

Shares of Genworth Financial (GNW – 5.87) took a nosedive yesterday, after the company announced that the initial public offering (IPO) of its Australian unit will be delayed until early 2013. The news triggered a barrage of bearish options activity, as roughly 14,000 puts crossed the tape, which was 10 times above the norm. More [...]

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11:25 AM New York – Argan fourth quarter net increased. Commerce Bancshares first quarter net increased to $65.8 million. Fastenal first quarter net surged 26%. Rite Aid fourth quarter net loss to $163.8 million and expects to continue in fiscal 2013. Washington Federal second quarter net soared 32%. Argan, Inc. (AGX) fell 1.1% or 18 [...]

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12:10 PM New York – Chesapeake Energy made three separate deals totaling $2.6 billion. Patni Computer first quarter net declined 11.8% to $237 million. PPL to offer 9.9 million shares public offering. Supervalu fourth quarter net loss swung to $424 million. Sony forecast lower sales for fiscal year end March 2012. Chesapeake Energy Corporation (CHK) [...]

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11:00 AM New York – AOL deal for patents to Microsoft for $1.06 billion in cash. Boeing deliver four 787-8 Dreamliners to Russian Transaero Airlines for $744 million. Greenbrier second quarter net income swung to $17.7 million. AOL Inc. (AOL) surged 42.6% or $7.85 to $26.27 after the online content provider agreed to sell 800 [...]

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11:25 AM New York – Accenture quarterly net increased 9.5% and lifted revenue outlook. Nike quarterly net rose 7% to $560 million and orders increased 15% to $9.4 billion. Darden Restaurants third quarter net rose to $164.1 million and reaffirmed fiscal 2012 guidance. KB Home first quarter net loss narrowed to $45.8 million. Accenture plc [...]

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10:40 AM New York – Actuant second quarter net soared $32.2 million on sales growth. General Mills third quarter international sale soared 51%. Jabil Circuit second quarter net surged 76% to $97.7 million. Krispy Kreme lifted third quarter outlook. Oracle reported record operating margins and third quarter net increased 18% to $2.5 billion. Actuant Corporation [...]

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10:40 AM New York – Amazon.com agreed to acquire Kiva Systems for $775 million in cash. Adobe Systems first quarter net declined 21% to $185.2 million. DSW fourth quarter net soared 173% to $19.4 million. Tiffany fourth quarter net decreased to $178.4 million. Amazon.com, Inc. (AMZN) decreased 0.9% or $1.83 to $183.76 after the retail [...]

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10:40 AM New York – AboveNet agreed to be acquired by Zayo Group for $2.2 billion. Hastings Entertainment fourth quarter net loss swung to $8.4 million and InterOil Corp. fourth quarter net income swung to $13.2 million. United Parcel Service agreed to acquire TNT Express N.V. for $6.8 billion in cash. AboveNet, Inc. (ABVT) soared [...]

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ATP Oil Gas Corporation (ATPG) increased 6.9% or 57 cents to $8.77 after the oil and gas company said fourth quarter net revenue grew to $177.7 million from $141.7 million in the same quarter last year. Net loss in the quarter narrowed to $28.5 million or 56 cents per diluted share compared to $206.6 million [...]

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11:25 AM New York – Radvision td gained 4% after it agreed to a merger with Avaya Inc for $230 million. Guess plunged 11% after it reported weaker than expected revenues. Ross Stores fourth quarter net increased 19%. Eagle Bulk Shipping dropped 9%. Scholastic Corp lifted its 2012 outlook. AMC Networks Inc. (AMCX) decreased 4.4% [...]

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