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  • Jennifer J 15:40 on October 30, 2015 Permalink | Reply
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    Hedgefund News Wrap: Week Ending 10/30/2015 

    BUFFALO WILD WINGS 

    (MarketWatch) – Why did the chicken cross the road? To run away from Buffalo Wild Wings (BWLD) and it’s tumbling shares. The wings and beer giant shares fell about 18% Thursday following lower-than-expected third-quarter results.

    What’s to blame for the fall? There are several different angles. Possible culprits include one week less of football, fewer pay-per-view events, rising costs of sales and labor, and/or additional depreciation, amortization, and expenses to its $160 million acquisition of 41 franchises during the quarter. According to Cramer, Of CNBC, the rising cost of chicken could knock them down once again. But BWW better spread it’s wings and fly to higher earnings for the fourth quarter.

    Expectations for 2016 are look up according to the CEO, as they expect to open 50 company-owned restaurants, while franchisees should add about 45 locations, 30 in the U.S. and 15 international.

    Read the entire article at MarketWatch
    More coverage: CNBC and Motley Food

    CHEVRON CUTS

    (The Wall Street Journal) – Spooky news was released today by Chevron Corp. as they released plans to cut about 10% of its workforce, equivalent to 6,000-7,000 jobs. The energy giant is also slashing its capital investment plan after low energy prices dealt a sharp blow to the company’s sales and profit in the third quarter.

    “We are focused on improving results by changing outcomes within our control,” Chevron CEO John Watson said in a statement.

    Watson is in the right mindset, as shares of Chevron are down 20 percent this year with revenue falling 37% to $34.32 billion in the third quarter. The company managed to squeeze out a profit, though net income was down 63.4% to $2.1 billion.

    Read the entire article at The Wall Street Journal
    More coverage: USA Today and Bloomberg

     
  • Jennifer J 10:29 on October 26, 2015 Permalink | Reply
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    TradingScreen’s Morning Roundup 

    Key Regulatory Developments:

    Litigation:pep boys

    Technology:

    Thought Leadership:

     
  • Jennifer J 11:27 on October 23, 2015 Permalink | Reply
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    Hedgefund News Wrap: Week Ending 10/23/15 

    UNDER ARMOUR HITS A BILLION 
    (MarketWatch) – A congratulations is in order for Under Armour, as it posts $1.2 billion in revenues for the third-quarter, the first time it has posted over a billion dollars. The active wear giant credits its success to the combination of apparel sales climbing 23% to $865.5 million and footwear sales jumping 61% to $196 million. On account of the increases, the company has raised its forecast for full-year net revenues to about $3.91 billion from $3.84 billion.

    CEO Kevin Plank said in the statement, “Our ongoing success in 2015 has been driven by innovative, head-to-toe product, combined with game-changing performances by our athletes. Leveraging these great successes throughout 2015, our current Rule Yourself global marketing campaign highlights the training and dedication that drives our athletes to be their best on the biggest stages. The campaign features Tom Brady, Misty Copeland, Stephen Curry, and recently named PGA Tour Player of the Year Jordan Spieth.”

    Overall, Under Armour has had a fantastic year, surpassing Adidas and now riding shotgun next to Nike. Along with great sales figures, the company also stated that it has added 20 million unique users to the digital-fitness platform it has built through acquisitions this past winder. With that addition, there are now around 140 million unique users across the company-acquired networks of MapMyFitness, Endomondo and MyFitnessPal.

    Read the entire article at MarketWatch
    More coverage: Fox Business and Business Insider

    THE GOLDEN ARCHES ARE MAKING A COMEBACK 

    (The Wall Street Journal) – McDonald’s Corp is rallying and it’s efforts are showing positive results, as it is up the most in almost seven years after third quarter profits topped analysts’ estimates. The burger joint’s shares surged to an all-time high Thursday, up 7% to $109.66 a share.

    Impressively, the all-day breakfast is not credited with the success of returning to domestic growth during the third quarter, as it didn’t launch until earlier this month. As reported, changes to bolster operations in its home market, including streamlining its menu, allowing regional markets to develop their own products and placing greater emphasis on the quality and freshness of ingredients, was just the right medication to bring the company back to life.

    “While still in the early stages, we believe our turnaround plan is starting to generate the change needed to reposition McDonald’s as a modern, progressive burger company,” said Steve Easterbrook, McDonald’s CEO.

    Read the entire article at The Wall Street Journal
    More coverage: CNN Money and Bloomberg

    AMERICAN AIRLINES HAS ITS BEST QUARTER EVER

    (ABC News) – The most patriotic of all airlines, American Airlines, has it’s best quarter in history. The airline returned $1.9 billion in profits at $2.77 per share, beating analysts expectations of $2.72. For the quarter, they had pretax margins of 17.7%, a record for them.

    Operating costs were $8.7 billion, a decrease of 11.9% compared to last year, but the drop in overall expenses is credited to the cost of fuel falling 43.7% when compared to the same period last year, saving $1.2 billion in cash. Showing off its green thumb, the world’s largest airline sent 30 older, fuel guzzling Boeing 757, 767 and MD80 aircraft’s to their graves, while embracing 16 new pieces.

    American is really stepping up its game, as it aims to be “the best airline in the world.” Along with a record-breaking third quarter, they have also developed an industry leading baggage-tracking technology for customers and were widely recognized for providing the charter service for Pope Francis’ visit to the U.S., in attempt to beat-out the competition.

    Read the entire article at ABC News
    More coverage: Business Insider and USA Today

     
  • Jennifer J 10:48 on October 23, 2015 Permalink | Reply
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    TradingScreen Awarded at The Compliance Register Platinum Awards 2015 

    Marcus Hooper and Vincent DeLeu from the European Sales Team attended The Compliance Register Platinum Awards 2015 in London last night. They were delighted to accept the award for “Best Execution Platform” on behalf of TradingScreen.

    compliance register 2015 collage

     

    This was the 12th Annual Awards for Exemplary Service to Compliance and Regulation and TradingScreen is thrilled to be recognized. The Awards continue with the humane tradition of raising funds for selected charities to help reduce the suffering of those in need.

    To read more about the awards, please click here.

     
  • Jennifer J 09:30 on October 22, 2015 Permalink | Reply
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    FIA Futures & Options Expo, November 3-5 

    invitation - nevy

          November 3-5, 2015

    Hilton Chicago

    Chicago, IL

    We want to see you at the 31st annual FIA Futures & Options Expo 2015 November 3-5 in the “Windy City.” Over 5,000 attendees will gather, including thought leaders and industry stakeholders, for three days of engaging programming at the most widely-attended industry event of the year.

    If you would like to register for the event, please register here. For more information regarding the event, please click here.

    FIA futures and options

     
  • Jennifer J 10:07 on October 20, 2015 Permalink | Reply
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    TradingScreen’s Morning Roundup 

    Key Regulatory Developments:oprah

    Litigation:

    Technology:

    Thought Leadership:

     
  • Jennifer J 08:15 on October 20, 2015 Permalink | Reply
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    CEO To Speak at SEFCON VI 

    TradingScreen CEO to speak at SEFCON VI

    October 26, 2015

    Waldorf Astoria

    New York

    The Wholesale Markets Broker’s Associates, Americas (WMBAA) presents the sixth annual Swap Execution Facility Conference, SEFCON VI. This must-attend event for swaps market participants, is a conference program that will feature the leading players in this global marketplace, exhibits, and a networking reception.

    TradingScreen CEO and co-founder, Philippe Buhannic, will be speaking on panel 5 during the event. The panel, entitled Market Speak, will focus on what impact the presence of SEFs in the swap market had on opening up new liquidity pools to buy side firms, as well as what will influence which liquidity pools they decide to trade on, amongst other intriguing topics.

    If you would like to register for the event, please register here. For more information regarding the event, please click here.SEFCON VI

     
  • Jennifer J 12:29 on October 16, 2015 Permalink | Reply
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    Hedgefund News Wrap: Week Ending 10/16/15 

    Walmart Has Its Worst Day This Millennium  

    (CNN Money) – The cliché, what goes up must come down, is ringing true for Wal-Mart Stores Inc. these days. After being pressured into increasing the wages of over 600,000 employees, the retail giant is claiming that the increase will eat up all of the profits and consequentially, they slashed the sales forecast for the year. This lead to shares plunging 10.04 percent to $60.03, their worst slump is 17 years.

    With competition like Target and Amazon beating them out, Walmart has been forced to spend a substantial amount on increasing wages, improving it’s online sales, as well as adjusting delivery methods. Charles Holley, “Wally World’s” CFO, stated that the investments would lower operating profits by about $1.5 billion in fiscal 2017, which is essentially all of next year and January 2017.

    Profits are expect to rise again, but not until Walmart catches up to their ever-evolving competition. With grocery prices barely beating out the competition, Walmart is no longer a sought after alternative for shoppers. Over 55 percent of sales come from its grocery business, but that number is expected to decrease if their business model remains stagnant.

    Read the entire article at CNN Money
    More coverage: New York Times and Wall Street Journal

    Twitter Employees Tweeting About Twitter 

    (Forbes) – There’s nothing quite like your own employees using your platform to express how they truly feel about your management practices, just ask Twitter. Even with a 140 character limit, employees have been spreading news about the recently announced layoffs that Twitter plans on making under the newly placed CEO, Jack Dorsey.

    twitter

    Take the picture to the left for example, it tells the entire story and adds to the pile of bad PR that is quickly growing. The “ex-Tweeps” quickly took to Twitter to share their stories and hashtag #TwitterLayoffs sent a frenzy in the tech world.

    While the news is disheartening and jobs were lost, everyone from Facebook, to Reddit, to startups began Tweeting at the fired employees and job offers were flying everywhere. One stated “The 37 minutes before I found a new job were the darkest moments of my life,” clearly a dig at his ex-employer.

    Read the entire article at Forbes
    More coverage: Business Insider and CBS

    Square Files for IPO

    (Forbes) – You know that little white box that companies have been using to swipe your credit card when you’re checking out? It’s called Square, and it just filed for an IPO in hopes of raising $275 million.

    Jack Dorsey, Square CEO and newly appointed Twitter CEO, founded the mobile payments and financial services startup not too long ago. As with most payment businesses, fraud has taken a toll on Square over the years. “In the three months ended March 31, 2015, we recorded a loss of approximately $5.7 million related to fraud by a single seller using our payment services,” the company said.

    It plans to list on the New York Stock Exchange under ticker symbol “SQ,” with Goldman Sachs serving as the lead underwriter. Other banks included in the deal are J.P. Morgan and Morgan Stanley, not a bad group to get this company on the green side of things.

    Read the entire article at Forbes
    More coverage: CNBC and Fortune

     
  • Jennifer J 08:10 on October 15, 2015 Permalink | Reply
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    Join TradingScreen and Our CEO at Americas Trading Briefing 

    Join TradingScreen and Our CEO in Boston

    Philippe Buhannic

    Americas Trading Briefing

    Thursday, October 22nd

    Boston

    Americas Trading Briefing, hosted by State Street in conjunction with The FIX Trading Community, will be held on Thursday, October 22. The briefing is being held in partnership with senior representatives from the local markets and will include a highly topical agenda and extensive networking opportunities. With up to 125 delegates expected in attendance, the event promises to provide an unparalleled educational and networking opportunity and TradingScreen wants to see you there.

    TradingScreen’s CEO, Philippe Buhannic, will be amongst a panel of speakers discussing Trading Systems and Trends Across the Asset Classes at 4:30 PM. The panel will cover an array of topics, including strategic developments, technology initiatives and recent industry focus in fixed income and foreign exchange.

    If you would like to register for the event, please register here. For more information regarding the event, please click here.FIX FPL Americas trading

     
  • Jennifer J 09:57 on October 12, 2015 Permalink | Reply
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    TradingScreen’s Morning Roundup 

    Key Regulatory Developments:ferrari

    Litigation:

    Technology:

     
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