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Stock Market & Financial Investment News

News Breaks
May 29, 2014
16:38 EDTTLYS, PPC, AAPL, PLKI, TSN, KORS, BIIB, HSHOn The Fly: Closing Wrap
Stocks on Wall Street began the session on the plus side and remained there throughout the day. Most of the day was spent close to the flat line as the market essentially ignored the day’s economic data, including a worse than expected downward revision to Q1 gross domestic product. The averages began to lift late in the day to go out on their highs, though once again the move came on light volume. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that gross domestic product decreased at a 1% annual rate in the first quarter of the year, which is down significantly from the government's first estimate of positive 0.1% growth for the period and below the consensus expectation for a revision to a 0.5% decline. Initial jobless claims dipped 27K to 300K in the week ended May 24 from a revised 327K previously. An index of pending home sales edged up 0.4% to 97.8 in April, which was less than the expected 1% rise. COMPANY NEWS: Apple (AAPL) shares rose $11.37, or 1.82%, to $635.38 after the company confirmed last night that it has agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. Financial Times first reported on May 8, citing people familiar with the negotiations, that Apple was in talks to acquire Beats. In a note to investors after the confirmation, JPMorgan wrote that the deal "is really about what Apple can do with Beats Music" to revitalize its own iTunes music business. Meanwhile, PiperJaffray stated that Apple acquired Beats for several reasons, including the opportunity to bring Beats co-founders Jimmy Iovine and Dr. Dre to Apple to work on content... Hillshire Brands (HSH) jumped $7.94, or 17.73%, to $52.76 after the company received an unsolicited, all-cash takeover offer of $50 per share from Tyson Foods (TSN), which also rose $2.50, or 6.13%, to $43.25. Tyson's newly disclosed offer topped the $45 per share bid announced just two days ago from Pilgrim's Pride (PPC). MAJOR MOVERS: Among the notable gainers was Popeyes Louisiana Kitchen (PLKI), which rose $5.51, or 14.47%, to $43.58 after reporting better than expected quarterly results and raising its fiscal year earnings view. Also higher was Biogen Idec (BIIB), which gained $11.04, or 3.58%, to $319.85 after JPMorgan upgraded the shares to Overweight, citing upside potential from the company's multiple sclerosis franchise as well as its mid-stage pipeline opportunities. Among the noteworthy losers was apparel, footwear and accessory retailer Tilly's (TLYS), which dropped $1.81, or 17.11%, to $8.77 after the company reported a decline in its first quarter same-store sales and gave lower than expected earnings guidance for the new quarter. Also lower were shares of luxury retailer Michael Kors (KORS), which slipped $4.73, or 4.88%, to $92.28 after the stock was downgraded at Avondale to Market Perform from Outperform. INDEXES: The Dow was up 65.56, or 0.39%, to 16,698.74, the Nasdaq was up 22.87, or 0.54%, to 4,247.95, and the S&P 500 was up 10.25, or 0.54%, to 1,920.03.
News For AAPL;HSH;TSN;PPC;BIIB;PLKI;TLYS;KORS From The Last 14 Days
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March 17, 2015
11:23 EDTAAPLApple willing to share TV data to attract programming partners, NY Post reports
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09:39 EDTAAPLApple will ship 59M iPhones in CQ1, above consensus, says ITG Research
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09:34 EDTAAPLActive equity options trading on open
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09:27 EDTAAPLApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:15 EDTAAPLApple streaming service may pave way for bigger ambitions, says Cantor
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09:07 EDTAAPLDISH's Sling TV launches on Xbox One
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09:05 EDTAAPLMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAAPLBoeing may produce satellite for tech giants, Reuters says
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07:28 EDTAAPLApple TV may provide boost for advertising unit, Business Insider says
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06:50 EDTAAPLBanks unhappy with high Apple Pay fraud rates, NY Times says
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06:37 EDTAAPLAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTAAPLChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
05:46 EDTAAPLApple set to launch online TV service this year, Financial Times reports
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March 16, 2015
16:25 EDTTSNTyson Foods backs FY15 EPS $3.30-$3.40, consensus $3.43
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16:00 EDTAAPLOptions Update; March 16, 2015
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15:24 EDTAAPLCablevision to provide HBO NOW via Optimum Online
Cablevision (CVC) and Time Warner's (TWX) Home Box Office announced that they have reached an agreement to offer standalone streaming service HBO NOW to Optimum Online customers via the internet. Optimum is the first cable provider to partner with HBO to offer the new service, which is expected to launch in April in time for the fifth season of Game of Thrones, the companies said. Cablevision plans to provide pricing and other particulars for HBO NOW in the coming weeks. Terms of the agreement were not disclosed. Apple (AAPL) and Time Warner announced on March 9 that HBO NOW will premier on Apple devices in April.
14:13 EDTAAPLApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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10:44 EDTAAPLNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
09:37 EDTAAPLActive equity options trading on open
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07:16 EDTTSNConsumer Analyst Group of Europe to hold a conference
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