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Stock Market & Financial Investment News

News Breaks
July 23, 2014
12:17 EDTPBYI, BA, XLNX, ISRG, AAPL, JNPR, MCDOn 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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May 11, 2015
12:17 EDTAAPLApple mulls expansion of key Irish plant, Independent. ie says
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11:37 EDTAAPLApple expanding renewable energy projects in China
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11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDC’s latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTAAPLActive equity options trading on open
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08:48 EDTMCDPanera Bread appoints Drew Madsen President effective May 11
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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07:30 EDTBABoeing May volatility at low end of range into investor meeting
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06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
06:33 EDTBAAir Lease announces lease placement of two new Boeing aircraft with Hainan
Air Lease (AL) announced long term lease agreements with Hainan Airlines for two new Boeing (BA) 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
06:25 EDTBABoeing management to meet with Jefferies
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05:05 EDTAAPLApple announces environmental initiatives in China
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May 10, 2015
13:29 EDTMCDMcDonald's shares could stall near $97, Barron's says
Despite the company's recent turnaround plan, shares of McDonald's look "ambitiously" priced, Barron's contends in a feature article. Barron's argues that the turnaround plan focuses on bookkeeping details rather than improving the fundamentals of its food business. Reference Link
May 8, 2015
16:36 EDTMCDStocks end week higher as jobs data, M&A boosts shares
Stocks finished the week higher as favorable U.S. jobs data and significant M&A news boosted the major averages. MACRO NEWS: Weekly jobless claims and nonfarm payrolls for April both beat expectations. The U.S. unemployment rate fell to 5.4% from 5.5%. Other U.S. economic data points were mixed, as a services sector index for April beat expectations, while factory orders for March were in-line with the consensus estimate... Fed Chairman Janet Yellen said that high equity valuations could pose potential dangers... In China, exports fell 6.2% and imports slid 16.1% in April, according to government data... In Europe, the Conservative party succeeded in a surprise election victory in the U.K. and David Cameron will return as prime minister. Elsewhere in the region, a report showed that industrial production in Germany unexpectedly declined 0.5% in March. COMPANY NEWS: Yelp (YELP) rallied after Dow Jones reported that the company is looking to sell itself... Bloomberg reported early in the week that Microsoft (MSFT) was considering a bid for software as a service provider Salesforce (CRM). However, Reuters reported today that Microsoft isn't currently interested in buying the cloud company... Agricultural products maker Monsanto (MON) confirmed that it had made a bid to acquire Syngenta (SYT) for 449.00 CHF per share. Switzerland based Syngenta, which develops crop protection and seed products, turned down the offer, which it believes undervalues the company... McDonald's (MCD) said it would restructure its business into four segments, accelerate the pace of its refranchising and reach the top end of its three year $18B-$20B cash return to shareholders target by the end of 2016... Cisco (CSCO) announced that Chuck Robbins would take over as CEO and that John Chambers would assume the role of executive chairman on July 26... Among the companies whose stocks fell following their earnings reports were organic foods supermarket chains Whole Foods (WFM) and Sprouts Farmers Markets (SFM) and accessories designer Kate Spade (KATE). Conversely, the shares of Herbalife (HLF) and data analytics tool provider Tableau (DATA) advanced after their quarterly reports. INDEXES: For the week, the Dow rose 0.9% to 18,191.11, the Nasdaq fell 0.05% to 5,003.55, and the S&P 500 gained 0.36% to 2,116.10.
16:05 EDTMCD, AAPLOptions Update; May 8, 2015
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12:47 EDTBABoeing to host investor meeting
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09:36 EDTAAPLActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
08:48 EDTBATriumph Group says still sees forward loss on Boeing 747-8 contract
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07:59 EDTMCDMcDonald's reports April global comparable sales down 0.6%
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05:25 EDTAAPLEricsson files suits against Apple in Germany, UK, Netherlands
Ericsson (ERIC) has filed suits against Apple (AAPL) in Germany, the United Kingdom and the Netherlands. Ericsson had offered to enter into arbitration with Apple to reach a mutually beneficial global licensing agreement for its standard-essential patents, but that offer has now expired. The proceedings in the three countries were recently initiated and refer to the 2G and 4G/LTE standards, as well as other technology that is not standardized, but is related to, for instance, the design of semiconductor components and non-cellular wireless communications.
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