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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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August 19, 2014
12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
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11:57 EDTAAPLApple shares reach $100, up 84c or 1%
11:00 EDTMCDMcDonald's to unveil retail coffee initiative, Huffington Post says
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10:58 EDTDKSDick's Sporting says on-target with e-commerce goals
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10:44 EDTDKSDick's Sporting says hunting business headwinds 'temporary'
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10:19 EDTDKSDick's Sporting continues to see headwinds in hunting, golf businesses
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09:53 EDTDKSDick's Sporting Q2 better than feared, says Wells Fargo
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:07 EDTDKSOn The Fly: Pre-market Movers
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09:06 EDTDKSDick's Sporting shares should trade higher on Q2 results, say RW Baird
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07:35 EDTDKSDick's Sporting sees FY14 CapEx $340M on gross basis, $245M on net basis
07:35 EDTDKSDick's Sporting sees FY14 EPS $2.70-$2.85, consensus $2.79
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07:34 EDTDKSDick's Sporting sees Q3 EPS 38c-42c, consensus 42c
Sees Q3 SSS to increase 1%-3%. Expects to open approximately 24 new DICK'S Sporting Goods stores, relocate one DICK's Sporting Goods store and remodel five DICK's Sporting Goods stores in the third quarter of 2014. The Company also expects to open seven new Field & Stream stores and one new Golf Galaxy store, and relocate one Golf Galaxy store in the third quarter.
07:33 EDTDKSDick's Sporting: $20.4M charges in Q2 related to golf business restructuring
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07:32 EDTDKSDick's Sporting: Dick's Sporting Goods SSS up 4.1%, Golf Galaxy SSS down 9.3%
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07:31 EDTDKSDick's Sporting reports Q2 SSS up 3.2%
07:31 EDTDKSDick's Sporting reports Q2 non-GAAP EPS 67c, cosnenssu 65c
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07:09 EDTBWPCitigroup to hold a conference
MLP / Midstream Infrastructure Conference to be held in Las Vegas on August 19-21.
06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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06:02 EDTMCDTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link
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