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Stock Market & Financial Investment News

News Breaks
June 6, 2014
16:50 EDTPPC, MSFT, HTZ, HSH, AAPL, TSN, GMMarket ends week higher after jobs report, ECB easing
Stocks ended the week higher after a report showed the U.S. added more than 200K new jobs for the fourth month in a row, the EU's central bank unveiled a comprehensive monetary easing plan and China's purchasing managers' index came in above expectations. MACRO NEWS: In the U.S., the monthly jobs report from the Bureau of Labor Statistics showed that non-farm payrolls rose 217K and the unemployment rate stayed at 6.3% in May. Data on manufacturing and weekly jobless claims were close to consensus estimates, an index measuring the services sector's performance in May was ahead of forecasts and construction spending in April came in below expectations... European Central Bank President Mario Draghi outlined a package of monetary easing measures, including a reduction in the benchmark interest rate to unprecedented levels, a negative deposit rate for banks, and incentives for banks to lend... China's official manufacturing purchasing managers' index rose to 50.8 in May from April's 50.4, beating market expectations and indicating that factory activity there expanded at its fastest pace in five months. A government index measuring the country's services sector, meanwhile, hit a six month high in May. COMPANY NEWS: Apple (AAPL) announced OS X Yosemite, a new version of its Mac operating system, that is supposed to make working across devices more fluid, will let Mac users make or receive iPhone calls using their computer, and uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system. The new operating system will include new Messages features, new photo functions and a new Health app, Apple said. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports... On the M&A front, Pilgrim's Pride (PPC) raised its takeover offer for Hillshire (HSH) to $55.00 per share in cash, which is up from its prior offer of $45 topping a rival bid of $50 per share that was made by Tyson Foods (TSN). For its part, Hillshire said its board has agreed to hold separate talks with Pilgrim's Pride and Tyson about their recent unsolicited proposals, but Hillshire cautioned that it does not have the right to terminate its Pinnacle Foods (PF) merger agreement on the basis of either of the two companies' takeover proposals... General Motors (GM) released the results of a probe of its handling of its defective ignition switches. The report found no conspiracy, but a pattern of incompetence. GM fired 15 of its employees in the wake of the report, which found that CEO Mary Barra didn't know about the issues until the company issued a recall. GM warned that it could take significant Q2 charges as a result of the recalls... Shares of Hertz (HTZ) plunged today after the company disclosed further accounting issues this morning and warned that its Q1 results are "likely to be below consensus" due to costs associated with its accounting review, other unusual items, and certain anticipated operating results. INDEXES: The Dow was up 1.24% to 16,924.28, the S&P 500 was up 1.34% to 1,949.44, and the Nasdaq was up 1.86% to 4,321.40.
News For AAPL;MSFT;GM;HSH;PPC;TSN;HTZ From The Last 14 Days
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January 13, 2015
07:36 EDTAAPLApple survey suggests demand remains strong, says Canaccord
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07:25 EDTGMNew NHTSA head says 2015 may see more recalls than record-setting 2014, WSJ says
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07:18 EDTAAPLQuanta ramps up production of 12-inch MacBook Air, DigiTimes reports
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06:56 EDTTSNTyson may see 'some impact' to business by China poultry ban, WSJ says
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06:21 EDTAAPLApple upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded Apple to Outperform from Neutral. The firm raised iPhone volume estimates again to 215M units for both FY15/16 and sees $10 EPS power in CY16 based on a solid and sustainable iPhone trends combined with a muted response from Samsung. Additionally, the firm believes excessive net cash levels indicate a new $200B return program should occur. Price target raised to $130 from $110.
06:20 EDTAAPLApple supplier shows 'unbreakable' smartphone with sapphire display, WSJ says
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06:18 EDTAAPLSilicon Valley shuttle drivers looking to unionize, USA Today reports
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06:09 EDTAAPLApple implied volatility of 38 at upper end of index mean range
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06:06 EDTAAPLApple upgraded to Outperform from Neutral at Credit Suisse
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January 12, 2015
16:50 EDTAAPLGartner says worldwide PC shipments in Q4 grew 1%
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16:00 EDTAAPLOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
14:36 EDTGMGeneral Motors to spend $12B to launch new Cadillac models, Bloomberg says
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12:53 EDTAAPLApple falls, levels to watch
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12:04 EDTPPC, TSNUSDA raises 2015 meat production forecast
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11:58 EDTGMAlly Financial could see 20% of originations hit by GM changes, says Jefferies
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11:05 EDTGMGM receives 141 more claims for faulty ignition switch compensation, Reuters say
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09:34 EDTAAPLActive equity options trading
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08:21 EDTAAPLApple poised to gain market share, says JMP Securities
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08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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06:24 EDTGMGM plans to use lending arm for subsized leases in the U.S., WSJ reports
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