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Stock Market & Financial Investment News

News Breaks
January 18, 2013
16:27 EDTMOV, GE, AAPL, COF, LIFE, FB, AMRN, MS, INTCOn 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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April 20, 2015
08:18 EDTAAPLApple Q2 EPS estimate raised above consensus at Pacific Crest
Pacific Crest raised its Q2 EPS estimate for Apple to $2.17 from $2.15, putting it above the consensus estimate of $2.14. The firm raised its Q2 estimate based on an increase in its iPhone unit outlook, and raised its fiscal 2015 and fiscal 2016 EPS estimates for the company based on higher iPhone and Apple Watch estimates. Nonetheless the firm expects the company to face growth challenges in fiscal 2016, and it keeps a Sector Weight rating on the shares.
07:56 EDTFBFacebook Q1 results should beat expectations, says Oppenheimer
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07:43 EDTMSMorgan Stanley in talks to pay about $500M to settle NY AG probe, WSJ reports
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07:30 EDTAAPLApple Q2 results likely to beat expectations, says Wells Fargo
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07:30 EDTINTCApplied Materials added to Franchise Picks list at Jefferies
Jefferies added Applied Materials (AMAT) to its Franchise Picks list with the stock down 14% year-to-date. The firm attributes the pullback to concerns around tool reuse, and notes it still expects foundry capital spending to increase amid "increased process complexity and competition." Jefferies' work indicates TSMC's (TSM) and Intel's (INTC) capex cuts were driven by market share losses rather than innovation in tool reuse. It keeps a Buy rating on AMAT with a $29 price target.
07:19 EDTMSMorgan Stanley increases quarterly dividend to 15c per share
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07:19 EDTMSMorgan Stanley reports book value $33.80 at March 31
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07:18 EDTMSMorgan Stanley CEO says Q1 was 'strongest quarter in many years'
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07:17 EDTMSMorgan Stanley reports Q1 compensation expense of $4.5B
Compensation expense of $4.5B increased from $4.3B a year ago, primarily driven by higher revenues. Non-compensation expenses of $2.5B increased from $2.3B a year ago, reflecting higher legal costs and volume driven expenses.
07:17 EDTMSMorgan Stanley reports Q1 EPS ex-DVA, ex-tax benefit 85c, consensus 78c
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07:17 EDTMSMorgan Stanley says results include net discrete tax benefit of 29c per share
Results for the current quarter included a net discrete tax benefit of $564M or 29c per diluted share primarily associated with the repatriation of non-U.S. earnings at a lower cost than originally estimated.
07:16 EDTMSMorgan Stanley reports Q1 ROE from continuing ops 10.1% ex-DVA and benefit
The annualized return on average common equity from continuing operations was 14.2% in the current quarter, or 10.1% excluding DVA and the net discrete tax benefit.
07:16 EDTMSMorgan Stanley reports Q1 continuing ops EPS $1.18, consensus 78c
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07:04 EDTFBFacebook Q1 results should beat expectations, says Cantor
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06:18 EDTAAPLAnalyst sees Apple Watch as company's 'most profitable product ever,' BI reports
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06:08 EDTGEStocks with implied volatility below IV index mean; ALU GE
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05:51 EDTFBEU calls for 'level playing field' in telecoms market, Financial Times reports
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05:44 EDTAAPLApple cuts orders to upstream partners to reduce risks, DigiTimes reports
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05:26 EDTINTCEricsson announces collaboration with Intel security
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05:22 EDTAAPLBooking.com launches first booking travel app for Apple Watch
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