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Stock Market & Financial Investment News

News Breaks
July 23, 2014
12:17 EDTJNPR, MCD, PBYI, BA, XLNX, ISRG, AAPLOn The Fly: Midday Wrap
The major stock indexes began the session mixed and remained that way at midday, with the Nasdaq leading and the Dow lagging. The tech-heavy Nasdaq has been helped by shares of Apple (AAPL) and Microsoft (MSFT), which are both higher following their earnings reports last night. The blue-chip Dow, meanwhile, has been weighed on by Boeing's (BA) slide following its report this morning and weakness in McDonald’s (MCD) following multiple analyst downgrades. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced nearly 3% after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Cantor, which said it believes that Apple's execution in Q3 was solid and that the company's Q4 guidance was "good enough," keeps a Buy rating on the stock and raised it price target on the shares to to $123 from $111... Dow component Boeing sank 2.5% near noon despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's, fell 1% after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock almost tripled after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose almost 15% and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers following earnings reports that prompted downgrades were Xilinx (XLNX), which fell over 14%, and Juniper Networks (JNPR), which dropped 10%. INDEXES: Near midday, the Dow was down 23.81, or 0.14%, to 17,089.73, the Nasdaq was up 21.27, or 0.48%, to 4,477.29, and the S&P 500 was up 4.65, or 0.23%, to 1,988.18.
News For AAPL;BA;MCD;ISRG;PBYI;JNPR;XLNX From The Last 14 Days
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November 10, 2014
08:22 EDTJNPRNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTJNPRAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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08:00 EDTMCDMcDonald's reports October APMEA comparable sales down 4.2%
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07:59 EDTMCDMcDonald's reports October Europe comparable sales down 0.7%
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07:59 EDTMCDMcDonald's reports October US comparable sales down 1%
The company said, "To restore business momentum, the U.S. is revamping its marketing approach, simplifying the menu and creating a new organizational structure. These initiatives are designed to better address consumer preferences and the competitive dynamics of the local markets in which we compete by bringing decision making closer to our customers."
07:58 EDTMCDMcDonald's reports October global comparable sales down 0.5%
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07:57 EDTISRGIntuitive Surgical survey positive on hernia opportunity, says JPMorgan
JPMorgan said its survey of 25 U.S.-based general surgeons who have used da Vinci for hernia procedures yielded positive outlook on the hernia opportunity for Intuitive Surgical. The firm says the complexity of the robot does not appear to be an issue. It keeps an Overweight rating on Intuitive with a $550 price target.
07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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07:12 EDTBACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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05:29 EDTBABoeing, SMBC Aviation announce order for 80 737 MAXs
Boeing and SMBC Aviation Capital announced an order for 80 737 MAX 8s, valued at more than $8.5B at list prices. This is the largest single order for 737 MAXs from a leasing company and will help SMBC Aviation Capital grow its portfolio of high-demand, fuel-efficient airplanes. Boeing's Current Market Outlook forecasts that airlines will need more than 25,600 single-aisle airplanes like the 737 MAX over the next 20 years.
November 7, 2014
21:13 EDTISRGIntuitive Surgical management to meet with SunTrust
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17:21 EDTJNPRElliot Associates reports 8.7% stake in Juniper, to continue talks
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16:00 EDTAAPLOptions Update; November 7, 2014
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14:37 EDTBAU.S. could send significant number of additional troops to Iraq, Reuters says
The U.S. has developed plans to significantly increase the number of American troops in Iraq, according to Reuters, which cited unnamed U.S. officials. America, which currently has about 1,400 soldiers in the country, is looking to reinforce Iraqi troops fighting Islamic State, the news service stated. Publicly traded defense companies include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).Reference Link
09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:38 EDTBABoeing 737 hits buffalo during takeoff, Bloomberg says
One of SpiceJet's Boeing 737 planes collided with a buffalo during its takeoff from an airport in western Gujarat, which caused officials to ground the aircraft, according to Bloomberg, citing an e-mailed statement from SpiceJet. The 140 passengers on-board were not harmed, but the plane endured "significant damage." Reference Link
06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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