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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 27, 2016
07:39 EDTAAPLApple price target lowered to $130 from $150 at FBR Capital
FBR Capital analyst Daniel Ives says Apple CEO Tim Cook "finally ripped the band-aid off" and lowered the company's outlook based on softer iPhone 6S demand and a choppy macro environment. Apple has a "few tough quarters ahead" pending the iPhone 7 buildup later this year, Ives tells investors in a post-earnings research note. He lowered his price target for the iPhone maker to $130 from $150 and keeps an Outperform rating on the name.
07:36 EDTAAPLApple price target lowered to $120 from $130 at UBS
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07:35 EDTHESHess Corp. sees 2016 capital and exploratory expenditures down 40% to $2.4B
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07:35 EDTBABoeing sees FY16 Commercial Airplanes deliveries 740--745
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07:34 EDTHESHess Corp. sees 2016 oil and gas production 330K-350K boepd
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07:33 EDTBABoeing reports Q4 Commercial Airplanes revenue $16.10B, 182 deliveries
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07:33 EDTAAPLApple to remain range bound , says RBC Capital
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07:33 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
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07:32 EDTBABoeing sees FY16 core EPS $8.15-$8.35, consensus $9.43
Sees FY16 revenue $93B-95B, consensus $97.17B. Sees FY16 operating cash flow of $10B.
07:32 EDTBABoeing reports Q4 operating cash flow $3.14B
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07:32 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
Oil and gas production was 368,000 barrels of oil equivalent per day in Q4, compared to 362,000 boepd in the fourth quarter of 2014. E&P capital and exploratory expenditures were $943M, down from $1.575B in the prior-year quarter reflecting reduced activities primarily in the United States, Norway and Equatorial Guinea.
07:31 EDTBABoeing reports Q4 core EPS $1.60, consensus $1.27
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07:23 EDTAAPLApple guidance more firm than expected, says Brean Capital
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07:18 EDTAAPLApple outlook still positive, says Oppenheimer
After Apple's guidance indicated that iPhone sales would decline during the current quarter, Oppenheimer nonetheless believes that the company's "growth potential in China and other emerging markets has not been fully realized." The firm says that patient investors in the stock will be rewarded. It keeps a $120 price target and Outperform rating on the shares.
07:03 EDTAAPLDeutsche still sees limited catalysts for Apple shares
Deutsche Bank analyst Sherri Scribner says Apple's March quarter guidance implies a "significant decline" year-over-year in iPhone units, which likely drives a decline for FY16. The analyst remains concerned about the lack of growth in iPhone units this year, the slowdown in China sales and gross margin pressure following Apple's Q1 results. She sees limited catalysts for the shares in the near term and expects the stock to be range-bound. In a post-earnings research note titled "Is Apple season over?", Scribner keeps a Hold rating on the iPhone maker with a $105 price target.
06:59 EDTBA, AAPL, HESOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:35 EDTAAPLiPhone 7 Plus may include dual camera system, 9to5Mac reports
Apple's iPhone 7 Plus will likely include a dual-camera system, 9to5Mac reports, citing Apple analyst KGI securities. By using two separate lenses, Apple can use the additional image data to create higher quality pictures, the report says. Reference Link
06:28 EDTAAPLApple reported strong Q1 but guided weak for Q2, says JPMorgan
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06:20 EDTAAPLPiper's Munster says Apple remains top pick for 2016
Piper Jaffray analyst Gene Munster believes Apple's "insistence on broader macroeconomic headwinds" during its Q1 earnings conference call "may have spooked investors." He points out shares are trading down 3% despite iPhone guidance coming in above buy-side expectations. If macro headwinds remain an issue for Apple, the entire market would be impacted and the iPhone maker would be a relative winner, Munster tells investors in a post-earnings research note. He believes investors will view the safety of Apple's capital return program as a positive. Munster still predicts multiple expansion for Apple given the iPhone 7 and easier comps at the end of the year. The analyst lowered his price target for the stock to $172 from $179 but says Apple remains his top pick for 2016.
05:47 EDTAAPLTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
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