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Stock Market & Financial Investment News

News Breaks
October 26, 2012
16:25 EDTTASR, C, DV, AMZN, VRSN, FB, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day and the averages were down significantly on the week. Following a midday sell-off, the markets recouped their losses and moved into positive territory during the afternoon before weakening a bit at the end of the session. Among those set to report earnings next week are Exxon Mobil (XOM), Chevron (CVX), and Ford Motor (F)... ECONOMIC EVENTS: In the U.S., the first GDP reading for the third quarter showed growth of 2.0%, versus expectations for 1.8% growth. This was up from the 1.3% growth rate in the second quarter. Personal consumption for the third quarter was in line with expectations, rising 2.0%. The University of Michigan final consumer sentiment reading for October was 82.6, down a bit from the preliminary reading of 83.1... COMPANY NEWS: Apple (AAPL) last night reported quarterly sales that marginally beat expectations and earnings that missed them. The company reported iPhones sales rose 58% compared to last year and iPads sales increased 26% from the prior year's quarter. Shares fell immediately after the results were released and saw a big drop midday, but eventually closed down just $5.54, or 0.91%, to $604.00... Amazon's (AMZN) quarterly losses and revenue were worse than expected, but shares rose through the day, eventually settling up $15.32, or 6.87%, to $238.24 as investors digested the report and Jefferies defended the Q3 results in a note to investors... Citigroup (C) fired an analyst, Mark Mahaney, after the firm was fined $2M by the state of Massachusetts for disclosure violations related to the initial public offering of Facebook (FB)... MAJOR MOVERS: Among the notable gainers were DeVry (DV), up $5.19, or 24.93%, to $26.01, and TASER (TASR), up $1.67, or 26.13%, to $8.06, following their stronger than expected quarterly reports. Noteworthy losers included Verisign (VRSN), down $7.21, or 15.47%, to $39.39 despite higher than expected quarterly earnings as the company warned the Commerce Department may not complete its review of the company's .com registry agreement before it expires at the end of November. Also lower were shares of Constant Contact (CTCT), down $5.10, or 29.95%, to $11.93 after the company's quarterly report spurred a rash of downgrades and lowered price targets... INDICES: The Dow gained 3.53, or 0.03%, to 13,107.21; the Nasdaq rose 1.83, or 0.06%, to 2,987.95; and the S&P 500 fell 1.03, or 0.07%, to 1,411.94.
News For AAPL;AMZN;C;FB;DV;TASR;VRSN From The Last 14 Days
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August 23, 2015
18:44 EDTAMZNACLU offers legal representation to Amazon employees
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16:57 EDTFBGoogle Express workers join Teamsters union in face of 'constant harassment'
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14:23 EDTAAPLApple, Micron shares look like bargains, Barron's says
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August 21, 2015
16:34 EDTAMZNMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
16:32 EDTTASRTASER wins case over Michigan boy's death, Reuters says
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16:01 EDTAMZN, FB, AAPL, COptions Update; August 21, 2015
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13:50 EDTAAPL, FB, AMZNOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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12:49 EDTAAPLReport: Apple may be working on smart bands for Watch, Apple Insider says
Apple may be working on "smart bands" for the Apple Watch product in order to add more health tracking functions, reports Apple Insider, citing Czech website Letem Svetem Applem. Citing unnamed sources, the Czech website said Apple is planning to announce new bands that will connect the hidden port of the Apple Watch and add functionality to the device. The smart bands could launch as early as 2016. Reference Link
12:43 EDTAAPLJim Chanos says still long Apple, short HP
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12:14 EDTFBStocks with call strike movement; FB NFLX
Facebook (FB) November 110 call option implied volatility increased 8% to 38, Netflix (NFLX) December 130 call option implied volatility increased 4% to 54 according to iVolatility.
11:38 EDTAMZNAmazon.com heads back toward session lows
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11:13 EDTAMZNStocks with call strike movement; AMZN TWTR
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11:12 EDTAMZN, FBQualcomm reportedly to enter consumer drone market
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10:43 EDTFBFacebook falls, breaks support at $90
The stock was last at $87.36, down over 3.4%. Support at the $90 level has been broken as well as the 50-day moving average at $90.52, which was uptrend support. At current price next support is at $86. Resistance is at $90.
10:23 EDTAAPLApple falls, levels to watch
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10:01 EDTDVDeVry upgraded to Buy from Hold at Standpoint Research
09:34 EDTFB, AAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
08:11 EDTAAPLDaimler AG could collaborate with Google, Apple, Reuters says
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06:01 EDTAAPLABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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05:47 EDTFBStocks with implied volatility movement; NFLX FB
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