Consumer Goods

Castle Brands Inc ROX Stock News

Castle Brands Inc (NYSEMKT: ROX) is off to an overwhelmingly strong day in the market today. While the gains were slow early on, the stock started to spike in a big way minutes ago as rumors started to hit the wire. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (1:02), ROX is trading at $1.80 per share after a gain of $0.20 per share (12.50%) thus far today.





ROX Considering Potential Of Sale… Rumors Say

As mentioned above, ROX started to spike in a big way minutes ago as rumors surrounding the stock started to hit the wire. The rumors suggest that the company is mulling over the idea of selling itself. Of course, like most rumors, this one is overwhelmingly vague.




It’s important to keep in mind that takeover, potential sale, and other massive movement rumors like this happen in the market all the time. In fact, this is the second rumor I’ve personally reported on today. While rumors are overwhelmingly common, they’ve also proven to be overwhelmingly inaccurate. In fact, it’s incredibly rare that this type of rumor proves to be valid. So, if you’re going to trade on this news, make sure that you trade with caution.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on ROX. In particular, we’ll be looking for any news associated with a potential sale. While we don’t believe that there is any validity to the rumors currently surfacing, anything can always happen in the market. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Michael Kors Holdings Ltd KORS Stock News

Michael Kors Holdings Ltd (NYSE: KORS) is having an incredibly strong day in the market today, and the spike is only growing larger. Ultimately, the gains are being caused by a rumor, which we’ll get to later. Nonetheless, as soon as the stock started spiking, our partners at Trade Ideas alerted us to the trend. At the moment (10:45), KORS is trading at $38.39 per share after a gain of $0.92 per share (2.46%) thus far today.





KORS Gains On Takeover Rumors

As mentioned above, Michael Kors is having an incredible day in the market today following a rumor that surfaced on social media. The rumor is that the company will soon be acquired. While the rumor doesn’t suggest who the buyer is, it does suggest that the company will be taken over at a price of $53 per share in an all-cash transaction.




It’s important to keep in mind that we see these types of rumors all the time in the market, and in most cases, they prove to be invalid. It doesn’t look like this one is going to happen. Considering that the rumor started on social media and no reputable source is associated with it, chances are that this one is false. So, if you’re going to trade on the news, trade with caution.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on KORS. In particular, we’re interested to see if there is any validity to the rumor mentioned above. While we don’t think there is, anything can happen in the market. We’ll continue to follow the story closely and bring the news to you as it breaks!

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AdvancePierre Foods Holdings Inc APFH Stock News

AdvancePierre Foods Holdings Inc (NYSE: APFH) is having a strong start to the trading session this morning, and for good reason. The company announced that it will be acquired. Of course, this led to excitement among investors and ultimately gains in the stock. As is normally the case, our partners at Trade Ideas were the first to alert us to the movement. At the moment (8:43), APFH is trading at $40.07 per share after a gain of $3.40 per share or 9.27% thus far today.





APFH To Be Acquired

As mentioned above, AdvancePierre Foods is having an incredibly strong start in the pre-market hours this morning after announcing that it would be acquired. The company buying APFH is Tyson Foods, the #1 meat producer in the United States.




According to various reports, Tyson has agreed to pay $40.25 per share for the APFH acquisition. That prepresents a 9.8% premium. It also brings the total value of the acquisition to $4.2 billion, which includes $1.1 billion in AdvancePierre Foods debt.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on APFH. In particular, we’re interested in following this acquisition through as it is still subject to customary closing conditions. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Lululemon Athletica inc. LULU Stock News

Lululemon Athletica inc. (NASDAQ: LULU) is having a great time in the market at the moment. Minutes ago, the stock started to spike in a big way as takeover chatter started to surface. Of course, our partners at Trade Ideas were the first to inform us of the gains. At the moment (10:46), LULU is trading at $52.70 per share after a gain of $0.77 per share (1.48%) thus far today.





LULU Gains On Takeover Chatter

As mentioned above, Lululemon Athletica is having a strong time in the market at the moment as the result of takeover chatter. This one is interesting; while the chatter is vague, the reaction and action leading up to it is not. Early this morning, there was a big call buyer on the stock, prompting savvy traders to take a look. Then, minutes ago, the takeover chatter started to surface on social media.




Now, it’s important to remember that the takeover chatter is nothing more than a rumor. There’s no mention of who may be taking the company over, nor at what price. In general, rumors like this in the market are false, and we see them all the time. In fact, over the past few months, we’ve seen several takeover rumors surrounding LULU. Nonetheless, as soon as the chatter started, LULU started to fly in the market.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on LULU. In particular, we’re interested in learning whether or not there is any validity to the takeover rumors. While we don’t believe that there is, considering the various rumors that have proven to be false surrounding the stock in the past, anything can happen in the market. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Lululemon Athletica inc. LULU Stock News

Lululemon Athletica inc. (NASDAQ: LULU) is having a pretty strong start to the day today, and for good reason. The stock was the center of attention in a recent analyst upgrade. This sparked excitement in investors and led to gains, which ultimately prompted our partners at Trade Ideas to alert us to the trend. At the moment (9:16), LULU is trading at $52.56 per share after a gain of $0.86 per share or 1.66% thus far today.





Stifel Upgrades LULU

As mentioned above, Lululemon Athletica is having a strong start to the day today in the pre-market. The gains are ultimately the result of an analyst upgrade. Early this morning, Stifel announced that it has upgraded the stock to a Buy rating. The analyst also increased the price target on LULU to $60. Of course, this led to excitement, causing gains in the stock!




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on LULU. In particular, we’ll be watching analysts as we tend to see a domino effect with upgrades. Also, we’re keeping a close eye on the company’s continued innovation in apparel. Nonetheless, we’ll continue to follow the stock closely and bring the news to you as it breaks!

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Under Armour Inc Class A UAA Stock News

Under Armour Inc Class A (NYSE: UAA)

Under Armour is having a good time in the market, at the moment, as the result of investor excitement surrounding rumors. As soon as it all hit, we received an alert from our partners at Trade Ideas, informing us of the gains. At the moment (10:37), UAA is trading at $20.52 per share after a gain of $0.61 per share (3.06%) thus far today.





UAA Running On Rumors Of PE Interest

As mentioned above, Under Armour is having a strong time in the market, at the moment, as the result of rumors. Currently, the rumor is all over social media, suggesting that the company will soon be taken private by a private equity firm. The name of the acquirer is not mentioned in the rumor. However, the rumor suggests that the price will come in at $26 per share. Also, the rumor suggests that the deal may close as soon as this weekend.




It’s important to remember that we see rumors like this all the time in the market, and very few of them prove to be valid. The information is unconfirmed at the moment, but it is definitely causing quite a bit of movement in the stock.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on UAA. In particular, we’re interested in learning if there is any validity to these rumors. We will continue to follow the story closely and bring the news to you as it breaks!

What Do You Think?

Where do you think UAA is headed moving forward? Join the discussion in the comments below or on StockTwits!

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General Motors Company GM Stock News

General Motors Company (NYSE: GM)

General Motors was off to an overwhelmingly strong run in the market minutes ago, prompting our partners at Trade Ideas to alert us of the movement. The run was caused by news that Greenlight Capital made a request to unlock shareholder value through a split of the shares. However, as soon as the story broke, we saw a key reminder that investors are often the last to know. At the moment GM is trading at $35.53 per share after a gain of $0.82 per share or 2.36% thus far today.





Greenlight Requests A GM Share Split

In a plan announced today, Greenlight Capital said it reached out to General Motors in order to request a split to the shares. The split would create two classes, one that receives dividends and one that would participate in remaining earnings and cash flows as well as future growth of the company. In a statement, David Einhorn, President of Greenlight Capital, had the following to say…




As significant, long-term shareholders, we believe in GM’s strong earnings potential. Our plan would unlock significant value and lower GM’s cost of capital. It would provide the company complete strategic flexibility without adding any default, refinancing, or balance sheet risk. We encourage our fellow GM shareholders to carefully review the presentation and to urge GM’s management and Board to adopt this compelling plan.

A Quick Response From GM

Apparently, this proved to be one of those, investors are last to know, cases. In fact, shortly after the news broke that Einhorn wanted a share-split, it was announced that GM had several meetings with Einhorn with regard to the split over the course of several months. They have decided after careful consideration to reject the offer. So, essentially, we are now learning about the offer because Greenlight Capital needs the backing of more shareholders to force the split.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching GM stock incredibly closely. In particular, we’re watching to see if more shareholders get behind Greenlight Capital, and if they can create such a buzz around the idea that the company is forced to move forward. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!

Update: GM responded to Greenlight Capital saying that it expects to return $7 billion to shareholders in the year 2017!

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Kate Spade & Co KATE Stock News

Kate Spade & Co (NYSE: KATE)

Kate Spade is having an incredibly strong day in the market today, and for good reason. Reports are breaking that the company may announce that it has been acquired relatively soon. As a result, investors are flocking to the stock, leading to gains and prompting our partners at Trade Ideas to alert us to the movement. At the moment (11:01), KATE is trading at $23.58 per share after a gain of $0.39 per share (1.66%) thus far today.





KATE Gains On Acquisition Hopes

As mentioned above, Kate Spade is having an overwhelmingly strong start to the day today, and for good reason. Stories are breaking that Bank of America is saying that Coach (COH) will likely be acquiring KATE in a deal that will be announced relatively soon. Of course, neither KATE or COH are commenting on the story at the moment, but given the source of the story, we expect that this is very valid.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on KATE. In particular, we’re interested in following the acquisition story as news may break relatively soon that COH is buying the company. We’ll continue to follow the story closely and bring you the news as it breaks!

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GNC Holdings Inc GNC Stock News

GNC Holdings (NYSE: GNC)

GNC Holdings is having a pretty good start to the trading session today as takeover rumors start to fly. As soon as the rumor started, the stock jumped, prompting our partners at Trade Ideas to alert us of the movement. At the moment (10:02), GNC is trading at $7.06 per share after a gain of $0.07 or 1% thus far today.





GNC Takeover Rumor

As mentioned above, GNC is having a strong time in the market, at least at the moment, thanks to rumors that the company will be taken over. The rumor suggest that JD.com is currently in the process of raising funds in order to make a bid for the company.

It’s important to keep in mind that at the moment, there is no confirmation surrounding the rumors. Not to mention that the source of the rumor is social media and impossible to track to the beginning.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to watch GNC closely to see if there is any validity to the rumors. However, we do not expect that this acquisition is going to happen. First and foremost, the two companies don’t sync well at all. That, on top of the fact that JD.com would have to raise funds in order to even make a bid simply doesn’t make sense. Sure, it was good for a nice quick pop in the stock, but don’t get your hopes up.

What Do You Think?

Do you think GNC will be taken over by JD.com? Join the discussion in the comments below!

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Ford Motor Company F Stock News

Ford Motor Company (NYSE: F)

Ford was already having a rough time in the pre-market. However, minutes ago, our partners at Trade Ideas informed us that the stock was taking a bit of a dive. As soon as they did, we started digging to see why, and learned that the company has made the decision to slash guidance for Q1 earnings per share. At the moment (9:15), $F is trading at $11.48 per share after a loss of $0.29 per share (2.46%) thus far today.





$F Slashes Q1 EPS Guidance

As mentioned above, Ford Motor Company is taking a bit of a dive in the pre-market at the moment, and for good reason. The company announced that it has made the decision to cut guidance for the first quarter down quite a bit. In fact, $F has slashed guidance down to between $0.30 per share and $0.35 per share for first quarter earnings. Not only is this quite a bit lower than previous guidance, it is way off when we look at analyst estimates at $0.45 per share.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching $F incredibly closely. In particular, we’re interested in hearing why the company cut guidance, as this is still a breaking story and not many details are being offered. We’ll continue to follow the story closely and bring the news as it breaks!

Update 12:01: We’re starting to see some big activity here. 18 million shares just traded at $11.77.

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...