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Stock Market & Financial Investment News

News Breaks
February 7, 2014
16:25 EDTOWW, TWTR, TRIP, CI, ATHN, PCLN, LNKD, EXPE, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite a disappointing U.S. employment report that showed the economy added 113,000 non-farm jobs in January, well short of analysts' expectations. The averages bounced around after the market opened, but eventually found upside momentum and traded steadily higher throughout the day, closing near session highs. ECONOMIC EVENTS: In the U.S., 113,000 non-farm jobs were added last month, versus the expected increase of 180,000 jobs. The unemployment rate fell to 6.6%, hitting its lowest level since October 2008. U.S. consumer credit for December was reported at $18.8B, topping estimates for $12B and better than the revised November reading for $12.4B. COMPANY NEWS: Apple (AAPL) gained $7.44, or 1.45%, to $519.95 after CEO Tim Cook revealed to the Wall Street Journal that the company has bought back $14 billion of its own shares since it reported its earnings on January 27. Cook also said that Apple had bought back a total of more than $40 billion of its own shares over the past year... Online travel agency Expedia (EXPE) gained $9.31, or 14.29%, to $74.45 after reporting stronger-than-expected quarterly results, and a number of its online travel peers, including priceline.com (PCLN), up $58.22, or 5.11%, to $1,196.56, and Tripadvisor (TRIP), up $7.31, or 9.48%, to $84.45 and Orbitz Worldwide (OWW), up 30c, or 4.21%, to $7.43 also advanced following the news. MAJOR MOVERS: Among the notable gainers following its earnings report was healthcare services company athenahealth (ATHN), up $34.85, or 25.06%, to $173.93, putting the stock's gains over the last year near 100%. Also higher was microblogging site Twitter (TWTR), up $4.32, or 8.63%, to $54.35 as the stock rebounded following its more than 20% decline during Thursday's session after its quarterly report. Among the noteworthy losers was professional networking site LinkedIn (LNKD), down $13.86, or 6.2%, to $209.59 after giving first quarter and fiscal 2014 revenue outlooks that fell short of expectations. Also lower were shares of health insurer Cigna (CI), down $7.90, or 9.25%, to $77.47 after issuing a disappointing profit forecast for fiscal 2014. INDEXES: The Dow was up 165.55, or 1.06%, to 15,794.08; the S&P 500 was up 23.59, or 1.33%, to 1,797.02; the Nasdaq was up 68.74, or 1.69%, to 4,125.86.
News For AAPL;EXPE;PCLN;TRIP;OWW;ATHN;TWTR;LNKD;CI From The Last 14 Days
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April 7, 2015
06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
06:00 EDTTWTRTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
19:42 EDTAAPLSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTAAPL, TWTROptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
11:30 EDTEXPE, TWTROptions with increasing implied volatility
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10:23 EDTAAPL, PCLN, TRIPApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
10:02 EDTPCLNOn The Fly: Analyst Initiation Summary
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10:02 EDTTRIPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTAAPLActive equity options trading on open
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09:04 EDTTWTRTwitter says 'aware of reports of interruption of service in Turkey'
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07:57 EDTCILeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte discusses the leverage Anthem likely has in its Pharmacy Benefit Manager (PBM) contract with Express Scripts and how it changes after the Catamaran-Optum Rx deal, the synergy potential for the deal between Catamaran and Optum Rx and the likelihood of Cigna-HS remaining with the newly merged Optum Rx-CTRX on an Analyst/Industry conference call to be held on April 6 at 2 pm.
07:43 EDTTRIPTripAdvisor downgraded to Hold from Buy at Needham
Needham downgraded TripAdvisor to Hold citing the unexpected resignation of CFO Julie Bradley. The analyst said the departure creates uncertainty and may indicate Q1 was weaker than expected.
07:34 EDTPCLNPriceline initiated with a Buy at Argus
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:11 EDTAAPLSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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06:09 EDTLNKDStocks with implied volatility above IV index mean; CMG DDD
Stocks with implied volatility above IV index mean; LinkedIn (LNKD) 41, 3D Systems (DDD) 56 according to iVolatility.
April 5, 2015
16:56 EDTAAPLEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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