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Stock Market & Financial Investment News

News Breaks
April 25, 2012
16:59 EDTAH, NWSA, AAPL, KND, CAT, HES, UIS, BAOn 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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January 21, 2015
12:24 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bank’s executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
11:35 EDTKNDGentiva Health to host special shareholder meeting
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11:34 EDTAAPLAmazon pulling plug on Amazon Wallet app beta, CNet reports
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10:29 EDTAAPLAcacia Research down almost 13% after patent ruling
Earlier today, Acacia Research (ACTG) announced its CEO and President Matt Vella will discuss the January 20th, 2015 ruling received by Adaptix, , a subsidiary of Acacia Research, relating to patent cases pending in the District Court for the Northern District of California. The Court’s ruling granted a motion finding no infringement of certain method claims asserted by Adaptix against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. Shares of Acacia Research are lower by almost 13% to $13.90 in morning trading.
08:37 EDTAAPLSkyworks shares should be bought ahead of results, says Pacific Crest
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08:11 EDTAAPLApple acquires music analytics company Semetric, Guardian says
Apple (AAPL) acquired British startup Semetric as it prepares to relaunch its Beats Music streaming service, reports The Guardian. Semetric owns the Musicmetric analytics tool, giving music industry clients the ability to track legitimate sales and streaming downloads, illegal pirate downloads, and social media activity. The Guardian notes that Apple may be looking to undercut Spotify's subscription rates and rebrand Beats Music under its iTunes label. Reference Link
08:06 EDTUISUnisys' service desk solution selected by Beijing Hyundai Auto Finance
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07:43 EDTCATCaterpillar guidance expected to disappoint, says UBS
UBS sees many headwinds for Caterpillar, including lower oil prices, slowing construction activity, and foreign currency headwinds. Although the firm feels the risks are already priced into the stock, they lowered estimates and expect forward guidance to be disappointing. UBS reiterated its Neutral rating but lowered its price target to $84 from $104 on Caterpillar shares.
07:41 EDTAAPLApple volatility at upper end of five-year range into Q1
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07:26 EDTAAPLApple Q4, Q1 results likely to beat expectations, says Oppenheimer
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06:23 EDTBAUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
06:13 EDTAAPLApple's rumored iPhone 6S could feature 'radical' changes, Forbes reports
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05:53 EDTAAPLTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
17:04 EDTHESOceaneering announces Hess Stampede Project umbilicals and hardware contract
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16:00 EDTAAPLOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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09:38 EDTAAPLActive equity options trading
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08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
January 18, 2015
13:45 EDTAAPLGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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