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Stock Market & Financial Investment News

News Breaks
January 18, 2013
16:27 EDTAMRN, MS, INTC, MOV, GE, AAPL, COF, LIFE, FBOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day, as earnings and economic data did little to spur the markets, which traded in a narrow range for much of the session. Apple (AAPL), Intel (INTC), which traded lower after its earnings report, and Facebook (FB) all lost ground on the day, weighing on the Nasdaq, while the S&P 500 and the Dow gained modestly, closing at five-year highs... ECONOMIC EVENTS: In the U.S., the preliminary University of Michigan Consumer Confidence reading dropped to 71.3, versus an expected first look reading of 75.0 for January. In Asia, China's GDP grew 7.9% in the final quarter of the year. The late-year rebound led the nation's full year GDP to grow 7.8%, beating analyst consensus of 7.7% and the government's 7.5% target. Also, Japan's stock market surged on increased expectations that the government will take even more aggressive easing steps... COMPANY NEWS: General Electric (GE) reported earnings that were just above Street estimates and a record equipment and services backlog of $210B to end the year, sending shares up 74c, or 3.47%, to $22.04 on the day... Morgan Stanley (MS) also reported earnings that beat consensus estimates, and the company said expenses could decline by about $1.6B through 2014. Shares of Morgan Stanley lead the financial sector on the day, gaining $1.63, or 7.86%, to $22.38... Intel lost $1.43, or 6.31%, to $21.25 after the company reported earnings last night that were generally in-line with Street estimates, though investor concerns over slowing sales and continued capital spending spurred a sell-off of shares... MAJOR MOVERS: Among the notable gainers was Life Technologies (LIFE), up $5.82, or 10.59%, to $60.79 as a number analysts said a takeover or leveraged buyout could be in the works for the company following a media report indicating talks are ongoing. Also higher was Movado (MOV), up $3.17, or 9.32%, to $37.17 after shares were upgraded to Buy from Neutral at Citigroup with price target of $40. Among noteworthy losers were shares of Capital One Financial (COF), down $4.60, or 7.47%, to $56.99 after Janney Capital downgraded shares to Neutral citing last night's disappointing Q4 results, and Amarin (AMRN), down 68c, or 7.42%, to $8.48 after an FDA Orange Book update did not indicate further exclusivity for its drug Vascepa... INDICES: The Dow was up 53.68, or 0.39%, to 13,649.70; the Nasdaq was down 1.29, or 0.04%, to 3,134.71; the S&P 500 5.04, or 0.34%, to 1,485.98.
News For AAPL;INTC;FB;GE;MS;LIFE;MOV;AMRN;COF From The Last 14 Days
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June 17, 2015
16:21 EDTGEAres, Varagon establish joint venture for senior secured loans
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15:10 EDTGEGE CEO says will move products overseas if Ex-Im bank fails, Bloomberg reports
Remarking on the possible failure of the U.S. Export-Import Bank, General Electric CEO Jeffrey Immelt stated, "We’re not going to lose this business... We’ll build these products in places where export credit financing is available," reports Bloomberg, citing comments made at the Economic Club of Washington. Bloomberg notes that following his speech, Immelt told reporters that "it’s very unlikely anything happens by June 30, so we’re going to have a lapse," though he added that he expects the bank to eventually secure congressional reauthorization. Reference Link
15:04 EDTGEGE Capital Real Estate closes nearly $10B in deals towards exit
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14:42 EDTGE, AAPL, FBOption volume leaders
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14:23 EDTFBFacebook rises after Brean hikes target on app monetization potential
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12:11 EDTINTCIntel acquires Recon, terms not disclosed
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10:25 EDTAAPLApple iPhone estimates raised at BofA/Merrill
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10:05 EDTGEGE Aviation, Mahindra Aeropsace to collaborate on manufacturing opportunities
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09:54 EDTGEGeneral Electric calls active on activist investor speculation
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09:48 EDTGERumor: General Electric moves up on activist investor speculation
09:40 EDTFB, AAPLActive equity options trading on open
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09:36 EDTFB, AAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
07:30 EDTGEEconomic Club of Washington, D.C. to hold a luncheon meeting
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07:29 EDTAAPLApple Music offering high revenue rate to attract indie labels, Billboard says
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07:10 EDTAAPLSoftbank, Foxconn form JV to make robots, Nikkei reports
Softbank (SFTBF) and Apple (AAPL) supplier Foxconn will set up a joint venture to make robots, The Nikkei reports, citing sources. According to the sources, the JV may first focus on mass production of Pepper, a home robot that can respond to human emotions and requests, and plan to initially make around 10,000 units annually. The JV may also market the robot and potentially other models globally. Reference Link
07:06 EDTMSNoble CEO fires back at critics of company’s accounting practices, WSJ says
Noble Group (NOBGY) CEO Yusuf Alireza disputed allegations about the company’s accounting practices, particularly that it is hiding the true nature of its debt and improperly valuing its 13% stake in Australian coal miner Yancoal, the Wall Street Journal reports. In a letter to former longtime Morgan Stanley (MS) banker Michael Dee, Alireza said that the company’s evaluation of Yancoal is “reasonable and consistent with market practice and accounting policies” and that “any suggestion otherwise is ill-informed and factually incorrect,” the report says. “As an associate company, we must rely on a cash flow model to value our stake, which is consistent with market practice in the mining industry,” the Noble CEO added, the report says. Reference Link
06:48 EDTMSMore big banks waiving overdraft fees, WSJ reports
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06:36 EDTGEGeneral Electric, Altran Technologies announce intention to form alliance
Altran and General Electric announced they have signed a Memorandum of Understanding to form an alliance focused on delivering the next generation of Industrial Internet solutions that support secure connected assets and objects; industrial analytics and data science; and machine data management. This partnership complements both GE’s & Altran’s deep industrial and software expertise in order to power economic growth in France and globally. Altran and GE continue to build out their Industrial Internet ecosystem of global alliances and partnerships with this latest MOU. The companies are negotiating to define the scope of services each will provide under the terms of the agreement. The alliance is expected to begin operations in the fourth quarter of 2015. This agreement has been signed this day at the International Paris Air Show.
06:05 EDTFBFacebook implied volatility of 21 at lower end of index mean range
05:45 EDTFBBrean ups Facebook target to $108, says own for long haul
Brean Capital analyst Sarah Hindlian raised her price target for Facebook to $108 from $100 while telling investors to own the stock for the long haul. After analyzing the potential of the social networking giant's mobile applications, including Instagram, WhatsApp and Messenger, Hindlian's "bear case" analyses demonstrate that Facebook may have an incremental $4.0B in revenue in FY16 from monetization efforts. Only 25%-35% of this potential revenue is included in consensus estimates, the analyst states this morning in a research note. She reiterates a Buy rating on Facebook. The stock closed yesterday up 35c to $81.06.
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