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Stock Market & Financial Investment News

News Breaks
July 9, 2014
12:30 EDTRAI, AA, BTI, GIMO, AVAV, TCSOn The Fly: Midday Wrap
Stocks on Wall Street were moderately higher at midday, helped in part by better than expected earnings from Alcoa (AA), solid monthly numbers from the airlines sector, and a bounce from the two day losing streak that had seen the S&P lose 1% and the Nasdaq pullback by more than 2%. The market has been unable to gather any upside momentum and has moved in a narrow range throughout the morning, as investors await the release of the Fedís FOMC minutes. ECONOMIC EVENTS: The minutes from the Federal Open Market Committee meeting held June 17-18 are scheduled to be released at 2:00 pm ET. In China, the producer-price index declined 1.1% from a year earlier, compared with a consensus forecast for a 1% drop. China's consumer-price index rose 2.3%, below projections for a 2.4% gain. COMPANY NEWS: Alcoa swung to a second-quarter profit of 18c a share on an adjusted basis, beating the consensus estimate of 7c a share, as its revenue also topped expectations. The aluminum producer, whose report is widely considered to mark the start of an earnings season, said its transformation is in "high gear" and that its cost position continues to improve. The stock rose 5% near midday following its report. MAJOR MOVERS: Among the notable gainers was AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems. The stock rallied 14% after the company reported better than expected fourth quarter results. Also higher was Reynolds American (RAI), which rose more than 2.5% after the U.K.'s Daily Mail reported that British American Tobacco (BTI), which currently holds a 42% stake in Reynolds, is speculated to be "on the verge" of buying out the remainder of its U.S. peer that it does not already own. Among the noteworthy losers was IT infrastructure technology provider Gigamon (GIMO), which was downgraded by at least five firms and plunged 32% after the company lowered its Q2 revenue guidance, citing challenges closing deals. Also lower following its earnings reports was specialty storage and organizational product retailer The Container Store (TCS), which fell 10%. INDEXES: Near midday, the Dow was up 36.86, or 0.22%, to 16,943.48, the Nasdaq was up 18.93, or 0.43%, to 4,410.39, and the S&P 500 was up 4.59, or 0.23%, to 1,968.30.
News For AA;TCS;GIMO;RAI;AVAV;BTI From The Last 14 Days
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November 26, 2014
11:36 EDTAVAVAeroVironment tumbles after earnings, levels to watch
The stock is down over 9.6% to $27.71 following results last night after the close. At that price next support is at $27.18. Resistance is at $28.31.
November 25, 2014
18:18 EDTAVAVOn The Fly: After Hours Movers
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16:17 EDTAVAVAeroVironment sees FY15 gross profit margin 34.5%-37.5%
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16:15 EDTAVAVAeroVironment reports Q2 EPS (13c), consensus (11c)
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November 24, 2014
09:39 EDTAAActive equity options trading
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November 21, 2014
10:16 EDTAAAlcoa rises, bullish pattern in progress
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November 20, 2014
10:02 EDTAVAVOn The Fly: Analyst Initiation Summary
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09:22 EDTAAMorgan Stanley remains bullish on US aluminum
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07:15 EDTRAIWells Fargo to hold a conference
2nd Annual E-Cig Conference is being held in New York on November 20.
07:03 EDTAVAVAeroVironment initiated with a Hold at Canaccord
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05:44 EDTAAAlcoa sees Firth Rixson acquisition increasing revenues by $1.6B in 2016
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November 19, 2014
07:13 EDTAAGoldman to hold a conference
Annual Global Metals & Mining Conference is being held in New York on November 19-20.
November 18, 2014
09:56 EDTAAOn The Fly: Analyst Initiation Summary
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06:33 EDTAAAlcoa initiated with a Market Perform at BMO Capital
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06:30 EDTRAIReynolds American to launch new cigarette that only heats tobacco, WSJ reports
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November 17, 2014
08:56 EDTGIMOGigamon management to meet with Needham
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November 14, 2014
16:01 EDTAAOptions Update; November 14, 2014
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10:00 EDTTCSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.
05:29 EDTTCSContainer Store initiated with a Fair Value at CRT Capital
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