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Stock Market & Financial Investment News

News Breaks
April 25, 2012
16:59 EDTHES, UIS, BA, AH, NWSA, AAPL, KND, CATOn The Fly: Closing Wrap
Stocks on Wall Street were higher as a number of quarterly earnings reports surpassed expectations. Stock futures were higher following a fantastic earnings report from Apple (AAPL). The earnings lifted the entire tech sector and brought the industrials along with it. The futures action led to a higher open for the broader market. The market hit its highs in the opening hour and then drifted lower until it found a range where it remained for most of the day. After the Fed held rates steady, as expected, and issued some updated guidance following its FOMC meeting the market continued to drift. The Fed lowered its employment forecast and raised its GDP forecast but the averages did not react strongly and maintained their range bound action… ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke said the bank is prepared to take additional action if necessary to boost the economy, despite leaving its policy unchanged for now. Earlier in the session, durable goods orders were reported to have fallen 4.2% in March, versus the expected decrease of 1.7%... COMPANY NEWS: Apple's results handily beat expectations, as sales rose to $39.2B, earning per share grew to $12.30 and the company reported it sold 35.1M iPhones in Q2... Two Dow components reported quarterly results with opposite investor reactions, as Boeing (BA) led all Dow advancers, up more than 5% after its report, while Caterpillar (CAT) fell over 4% after its revenues missed expectations on China sales that were lower than last year. In other news, News Corp.’s (NWSA) Rupert Murdoch denied ever seeking favors from any prime minister in an intensive media-ethics inquiry prompted by the company’s phone-hacking scandal... MAJOR MOVERS: Among the notable gainers were Unisys (UIS), up $3.30, or 20.12%, to $19.70, following its encouraging quarterly report, and Kindred Healthcare (KND), up $1.56, or 18.80%, to $9.86, after it received two upgrades following the report of a proposed rule confirmation that would update Medicare payment policies and rates for inpatient stays at long-term care hospitals. Noteworthy losers included Accretive Health (AH), down $7.74, or 41.86%, to $10.75, after Minnesota’s attorney general alleged that the company improperly posted debt collectors in hospitals, and Hess (HES), down $3.86, or 7.01%, to $51.18, after the company told analysts it will not meet its 60,000 barrels of oil per day target at the Bakken oil shale field in North Dakota… INDICES: The Dow gained $89.16, or 0.69%, to 13,090.72; the Nasdaq rose $68.03, or 2.30%, to 3,029.63; and the S&P 500 added $18.72, or 1.36%, to 1,390.69.
News For AAPL;BA;CAT;NWSA;UIS;KND;AH;HES From The Last 14 Days
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December 10, 2014
06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPLOptions Update; December 9, 2014
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12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business,” the Journal quoted the company as stating. Reference Link
10:35 EDTAAPLApple falls, levels to watch
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:22 EDTBABoeing sees strong demand for commercial airplanes in 2015
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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