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Stock Market & Financial Investment News

News Breaks
January 18, 2013
16:27 EDTCOF, LIFE, FB, AMRN, MS, INTC, MOV, GE, AAPLOn 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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November 14, 2014
06:24 EDTFBFacebook implied volatility of 27 at lower end of index mean range
06:16 EDTAAPLEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
November 13, 2014
16:03 EDTAAPL, FBOptions Update; November 13, 2014
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13:28 EDTAAPLBlackBerry hits 52-week high after unveiling partnerships
Shares of BlackBerry (BBRY) hit a new 52-week high after the company announced three new partnership deals. The company is slated to hold its analyst day today, starting at 3:30 PM ET. WHAT'S NEW: BlackBerry announced that it would partner with Samsung to provide a security solution for the South Korean company's mobile devices that utilize Google's (GOOG) Android operating system. Under the deal, BlackBerry’s BES12, an Enterprise Mobility Management system, or EMM that was launched today, will be integrated with some of Samgung's Galaxy smartphones and tablets. BES 12 "securely manages devices from all of the major enterprise mobile platforms" and "will help organizations securely connect employees with each other and with the corporate information and machines” they need, BlackBerry stated. Also today, Blackberry announced that it would connect its EMM solutions to Salesforce's (CRM) top customer relationship management platform. "This agreement will allow Salesforce and BlackBerry joint customers to run their businesses from their phone while complying with specific industry regulations," said Vivek Kundra, a Salesforce Executive Vice President in a statement. "BlackBerry has an excellent reputation in security and networks, and when matched with the Salesforce Customer Success Platform, public sector organizations can use their mobile devices to connect with customers in a whole new way," added Kundra. Finally, BlackBerry announced that Brightstar would distribute BES 12. BlackBerry described Brightstar as "the world's largest wireless distribution company and leader in services for the wireless industry." WHAT'S NOTABLE: BES12 is expected to compete with Apple (AAPL) in the enterprise space. Apple earlier this year announced that it was partnering with IBM (IBM) in an effort to sell more products to corporate customers. PRICE ACTION: In mid-afternoon trading, BlackBerry jumped 6% to $11.95. Earlier today the shares set a new 52-week high of $12.05.
11:22 EDTFBDan Niles says looking to short more of Twitter
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11:13 EDTAAPLApple hits 52-week high after Bernstein says margins could climb
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11:12 EDTGEHungary to buy Budapest from GE Capital, Reuters reports
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10:05 EDTFBFacebook quietly launches Yelp rival, TNW reports
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10:04 EDTGEGE opens $500M Brazil Technology Center
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10:01 EDTCOFOn The Fly: Analyst Initiation Summary
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09:40 EDTAAPLActive equity options trading
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08:01 EDTAAPLApple price target raised to $120 from $110 at Bernstein
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08:01 EDTAAPLCalpian says deploys Apple Pay for merchants
Calpian, Inc. (CLPI) has successfully enabled Apple Pay (AAPL) for its merchant customers as they respond to growing consumer interest in the new mobile payment service.
07:38 EDTFBBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:26 EDTGEGE sees great infrastructure demand in developing markets, Reuters says
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06:39 EDTAAPLApple's rumored iPad Pro delayed to 2Q15, AppleInsider reports
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06:23 EDTAAPLChipmakers in Apple Watch supply chain to start production, DigiTimes reports
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06:07 EDTAAPLApple paying little in iTunes taxes outside North America, AFR reports
According to a report from The Australian Financial Review, which cites an investigation led by the International Consortium of Investigative Journalists, more than two-thirds of the money Apple’s iTunes makes outside North America goes through the group’s Luxembourg holding company where it is not taxable. Apple has been widely criticized for its tax practices in Europe. Reference Link
05:39 EDTCOFDiscover downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Discover (DFS) to Hold with a $68 price target citing valuation and high expectations for loan growth. The firm sees a better risk/reward in shares of Capital One (COF), which it initiated this morning with a Buy.
05:36 EDTCOFCapital One initiated with a Buy at Deutsche Bank
Target $92.
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