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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:33 EDTAAPL, CYOU, BEBE, MCHP, SUPX, L, AMAP, DKS, BWP, MCD, MDCOOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging. The stock market had one of its best days of the year last Thursday and followed that advance with another strong session Friday despite the disappointing monthly jobs report. With little on today's domestic economic calendar, investors may be content to wait on the sidelines in advance of testimony due tomorrow from the new head of the Federal Reserve, Janet Yellen. ECONOMIC EVENTS: In the U.S., no major economic data was released. COMPANY NEWS: Activist investor Carl Icahn announced in a letter published on his "Shareholders Square Table" website that he was dropping his proposal that would have asked Apple (AAPL) to buy back $50B of stock this year. Ichan cited Apple recently being more aggressive in repurchasing shares, as well as advisory firm ISS recommending against his proposal, as reasons to give up on the pursuit... Shares of McDonald's (MCD) slid nearly 1% after reporting that its U.S. comparable sales decreased 3.3% amid challenges including severe winter weather. However, the company reported that its global comparable sales rose 1.2% in the month, powered by strength in China, Japan and Europe... Boardwalk Pipeline Partners (BWP), a midstream master limited partnership and subsidiary of Loews Corporation (L), plunged 39% after the partnership slashed its quarterly distribution to 10c per share from over 53c per share previously. Boardwalk said the reduction will free up cash to help fund growth and reduce leverage in order to strengthen the balance sheet during the "difficult market conditions" it is facing. Shares of parent Loews were also down about 4.5% near midday after its own earnings report... Shares of Dick's Sporting (DKS) climbed about 3% after the sporting goods retailer pre-announced stronger than expected results this morning. MAJOR MOVERS: Among the notable gainers was AutoNavi (AMAP), which rose almost 25% after Alibaba Group offered to acquire all of the shares of AutoNavi not already beneficially owned by Alibaba for $21 in cash per New York listed share. Women's apparel retailer bebe stores (BEBE) also advanced nearly 7% after Reuters said the company has hired Guggenheim Securities to help it explore a potential sale. Also higher was Supertex (SUPX), which jumped 35% after agreeing to be acquired by Microchip Technology (MCHP) for $33 per share in cash, while buyer Microchip gained about 1% following the announcement. Among the noteworthy losers was Chinese online game developer Changyou.com (CYOU), which fell 13% after reporting on its quarterly results, announcing the resignation of its Cheif Financial Officer, and having its stock downgraded to Underweight at Morgan Stanley. Also lower were shares of The Medicines Company (MDCO) which tumbled over 6% after a team leader for the FDA recommended against approving the company's Cangrelor drug, which is intended for use in patients undergoing percutaneous coronary intervention. INDEXES: Near midday, the Dow was down 25.84, or 0.16%, to 15,768.24, the Nasdaq was up 12.21, or 0.3%, to 4,138.07, and the S&P 500 was down 1.84, or 0.1%, to 1,795.18.
News For AAPL;MCD;BWP;DKS;AMAP;L;SUPX;MCHP;BEBE;CYOU;MDCO From The Last 14 Days
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April 7, 2014
11:49 EDTLOptions with increasing implied volatility: PBR AKAM HST L
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09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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April 4, 2014
16:00 EDTAAPLOptions Update; April 4, 2014
iPath S&P 500 VIX Short-Term Futures up 89c to 41.88. Option volume leaders: AAPL C P NFLX LNG BAC INTC TSLA TWTR according to Track Data.
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA MU GNK AMZN FB GILD MA NFLX
08:43 EDTMDCOPointState Capital reports 7.3% passive stake in The Medicines Co.
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08:18 EDTAAPLApple June quarter results likely to miss expectations, says BMO Capital
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06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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06:14 EDTAAPLApple acquires Novauris, terms not disclosed, Re/code reports
Apple has confirmed that it has acquired Novauris Technologies, a speech technology company, Re/code reports. Reference Link
April 3, 2014
16:00 EDTAAPLOptions Update; April 3, 2014
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09:37 EDTAAPLActive equity options trading on open
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09:30 EDTAAPLApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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07:40 EDTAAPLApple bulls bet new products to prompt stock revival, Bloomberg says
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07:05 EDTMDCOThe Medicines Co. announces FDA BLA acceptance for Fibrocaps,
The Medicines Co. announced that the U.S. Food and Drug Administration has accepted the filing of a biologic license application for the investigational hemostatic agent Fibrocaps, a dry powder formulation of fibrinogen and thrombin being developed to aid in hemostasis during surgery, where control of mild or moderate bleeding by conventional means is ineffective or impractical. The FDA action date for Fibrocaps is January 31, 2015.
06:34 EDTMCDStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
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