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Stock Market & Financial Investment News

News Breaks
December 6, 2012
16:46 EDTFCX, TD, AAPL, VRA, CZR, EPHC, DBOn The Fly: Closing Wrap
Stocks on Wall Street finished slightly higher on the day after a session that again saw shares of Apple (AAPL) determine the Nasdaq's direction. Light volume in the markets and a light news flow saw the averages move in a narrow range through the session, as the U.S. continues its march toward the fiscal cliff with the political rhetoric only getting more inflammatory... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 25,000 to 370,000, versus expectations for claims to fall to 380,000. Also, Challenger, Gray & Christmas reported that planned layoffs were up 34% in November compared to the prior year. In Europe, the European Central Bank and Bank of England both kept their benchmark interest rates unchanged and did not announce new stimulus measures. The ECB also lowered its growth and inflation forecasts for 2013...COMPANY NEWS: Three former Deutsche Bank (DB) employees told U.S. regulators that the bank hid as much as $12B in losses during the financial crisis, according to a report by The Financial Times, though the company has disputed the allegations and pledged cooperation with the investigation...Apple, the Nasdaq's largest component, again dominated the headlines ahead of the broadcast of CEO Tim Cook's interview with NBC's Brian Williams. Early comments from the interview hint at product innovations and supply chain changes for the company in 2013, notably the return of more Mac production to the U.S.... MAJOR MOVERS: Among the notable gainers were shares of Caeser's (CZR), up $1.01, or 16.03%, to $7.31 after a report from VegasInc said the company received a recommendation from the Nevada Gaming Commission to operate online poker sites in the state. Also higher were shares of Epoch Investment (EPHC), up $5.78, or 26.38%, to $27.69 after announcing it would be acquired by TD Bank (TD) for $28.00 per share. Among the noteworthy losers was Vera Bradley (VRA), down $3.07, or 11.71%, to $23.14 after its guidance missed estimates. Also lower were shares of Freeport McMoRan (FCX), which fell another $1.35, or 4.20%, to $30.81 after at least five downgrades the day after its big deal announcement... INDICES: The Dow was up 39.55, or 0.30%, to 13,074.04; the Nasdaq was up 15.57, or 0.52%, to 2,989.27; and the S&P 500 was up 4.66, or 0.33%, to 1,413.94.
News For AAPL;DB;CZR;TD;EPHC;VRA;FCX From The Last 14 Days
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April 3, 2014
10:00 EDTFCXOn The Fly: Analyst Upgrade Summary
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09:37 EDTAAPLActive equity options trading on open
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09:30 EDTAAPLApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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09:18 EDTFCXFreeport McMoRan upgraded at Macquarie
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08:30 EDTFCXFreeport McMoRan upgraded to Outperform from Neutral at Macquarie
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07:40 EDTAAPLApple bulls bet new products to prompt stock revival, Bloomberg says
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07:30 EDTDBMoody's left off bond deal as risk appetites grow, WSJ says
Moody's (MCO), known for adopting more-cautious stances than its rivals, was conspicuously absent from rating more than $1B in commercial-mortgage bonds that recently sold at similar yields as other recent sales, reported The Wall Street Journal. McGraw Hill Financial 's (MHFI) Standard & Poor's, Fitch and Kroll Bond Rating were called on to rate the "conduit" commercial-mortgage-backed deal organized by Deutsche Bank (DB) and Cantor Fitzgerald, the report noted. Reference Link
05:38 EDTDBDeutsche Bank downgraded to Neutral from Overweight at JPMorgan
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April 2, 2014
16:58 EDTAAPLPiper Jaffray still expects 'full TV' offering from Apple this year
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16:21 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; April 2, 2014
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12:48 EDTAAPLGT Advanced rallies after Goldman raises price target
Shares of GT Advanced Technologies (GTAT) - which makes sapphire products and solar energy equipment - are climbing after Goldman Sachs raised its price target on the stock in a note to investors earlier today. WHAT'S NEW: Goldman Sachs analyst Brian Lee raised his 2015 and 2016 earnings per share estimates for GT Advanced, as he is more upbeat about the outlook for the company's equipment business. GT Advanced's deal to supply sapphire for upcoming Apple (AAPL) devices is worth $15 per share for GT if the deal goes as expected, and up to $25 if the deal exceeds expectations, contended Lee. The analyst raised his price target on the stock to $24 from $20 and kept a Buy rating on the shares. OTHERS TO WATCH: Rubicon Technology (RBCN) also makes sapphire. That stock was upgraded to Overweight from Neutral in a note to investors from JPMorgan yesterday. JPMorgan expected Rubicon to benefit from a pick-up in demand for LEDs and sapphire covers. The stock surged yesterday in the wake of the upgrade. PRICE ACTION: In early afternoon trading, GT Advanced climbed $1.13, or 6.5%, to $18.51, while Rubicon fell 2.8% to $12.62.
11:15 EDTAAPLAmazon says Fire TV 'three times as powerful' as Apple TV, Roku, Chromecast
09:35 EDTAAPLActive equity options trading on open
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09:18 EDTAAPLOn The Fly: Pre-market Movers
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07:23 EDTAAPLApple (AAPL) to act like Google (GOOG) in ad push, Business Insider says
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06:45 EDTAAPLAmazon expected to announce media streaming device today, Business Insider says
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06:43 EDTDBTerra Firma appoints Goldman, Deutsche to offer Awas advice, Reuters says
Goldman Sachs (GS) and Deutsche Bank (DB) have been appointed by British private equity firm Terra Firma to offer advice on what to do with aircraft leasing firm Awas, with possible options including a possible stock market listing or complete sale, according to Reuters, citing three people familiar with the matter. Reference Link
05:58 EDTAAPLSamsung lawyer calls Apple claims 'gross exaggeration,' Re/code reports
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05:57 EDTAAPLPiper positive on Apple shares ahead of product cycle
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