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Stock Market & Financial Investment News

News Breaks
January 24, 2013
12:30 EDTWDC, LOGI, ERJ, RTN, BMY, NFLX, MKC, SWFT, LMT, SNDK, AAPL, DBD, TZOO, ALTROn The Fly: Midday Wrap
Wall Street's averages managed to withstand a disappointment from the biggest name in technology, Apple (AAPL), on the strength of some other encouraging earnings reports and PMI data from around the globe. The averages began the session mixed, with the Dow and S&P slightly higher and the Nasdaq deep in negative territory. As the morning progressed, the Dow and S&P added to their gains and the Nasdaq moved off its opening lows but was unable to cross over into positive territory... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell last week to the lowest level in five years. Weekly unemployment applications dropped 5K to a seasonally adjusted 330K, which was below expectations for 360K. Markit's Flash U.S. Purchasing Managersí Index jumped to 56.1 in January from the 54.0 final print for December. The leading indicators increased 0.5% to 93.9 in December, versus an expected increase of 0.4%. In Europe, the composite euro zone Purchasing Managersí Index rose to 48.2 in January from 47.2 in December, beating expectations. In China, HSBC's flash PMI rose to 51.9 in January, slightly beating expectations for a 51.7 reading... COMPANY NEWS: The world's most valuable company, Apple, saw a fair amount of its market cap evaporate after the company's quarterly report disappointed investors. Despite earnings that beat consensus, Apple's revenue and iPhone sales fell short of expectations and the company said on its conference call that it is changing its approach to guidance, admitting it had been intentionally conservative in the past. Both Jefferies and Scotia Capital downgraded the shares, which declined 10.5% in midday trading... Netflix (NFLX) was upgraded by at least five firms after its earnings, subscriber additions and guidance all impressed. Shares were up nearly 38% near noon following its report... Among other large cap companies reporting results, Western Digital (WDC), SanDisk (SNDK) and Bristol-Myers (BMY) advanced, while Altera (ALTR), Lockheed Martin (LMT) and Raytheon (RTN) declined... MAJOR MOVERS: Among the notable gainers were Travelzoo (TZOO), up 25%, and Swift Transportation (SWFT), also up 25% after both beat earnings expectations. Also higher were shares of Embraer (ERJ), which rose almost 10% after Republic Airways (RJET) agreed to purchase 47 new aircraft from the company. Among the noteworthy losers were Diebold (DBD), down about 9%, McCormick (MKC), down 8%, and Logitech (LOGI), down 8% after their quarterly reports... INDICES: Near noon, the Dow was up 78.22, or 0.57%, to 13,857.55; the Nasdaq was down 8.66, or 0.27%, to 3,145.01; and the S&P 500 was up 3.90, or 0.26%, to 1,498.71.
News For AAPL;NFLX;WDC;SNDK;BMY;ALTR;LMT;RTN;TZOO;SWFT;ERJ;DBD;MKC;LOGI From The Last 14 Days
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July 15, 2015
14:58 EDTNFLXNetflix July 97.14 straddle priced for 9.6% movement into Q2
14:53 EDTNFLXNotable companies reporting after market close
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14:49 EDTTZOOTravelzoo technical note before earnings, a potential bullish pattern
The key feature on the 1-year chart is an irregular potential bullish inverted head and shoulders pattern. The neckline for the pattern, the level at which it would become active, is at $14.25. If the news is a bullish surprise and there is a breakout above this level, the long-term upside price objective would be to the $19 area over time. Over 6.8% of the float is short, which could add buy-to-cover demand on a bullish surprise. If the news is bearish the first important support would be at $10.44, a recent pivot low. Support thereafter would be at $9.86 and $9.49.
13:01 EDTNFLXEarnings Watch: Netflix shares trading up 45% since last earnings report
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12:38 EDTAAPLGundlach says out of Apple position
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11:35 EDTNFLXNetflix to support Charter's acquisition of Time Warner Cable, Bloomberg says
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11:27 EDTNFLXNetflix July volatility elevated into Q2 and outlook
Netflix July call option implied volatility is at 133, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
11:19 EDTNFLXNetflix technical commentary ahead of earnings
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11:01 EDTAAPLApple introduces new iPod touch, unveils new colors for iPod models
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10:04 EDTNFLXNetflix July 99.64 straddle priced for 9% movement into Q2
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10:01 EDTWDCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
09:53 EDTAAPLHSBC UK says Apple Pay support coming within 2 weeks, Apple Insider says
HSBC UK (HSBC) said that Apple Pay (AAPL) support is in its final testing and availability will be coming within two weeks, reports Apple Insider. An HSBC spokesperson said, "We are excited to be one of a small number of Apple Pay launch partners. We have been working closely with Apple and are now properly reviewing and testing our systems before launching in two weeks." Reference Link
09:32 EDTAAPL, NFLXActive equity options trading on open
Active equity options trading on open: AAPL FB BAC RCPT MU YUM NFLX CELG
08:59 EDTWDCWestern Digital upgraded to Buy at Craig-Hallum
As previously reported, Craig-Hallum upgraded Western Digital to Buy from Hold and maintained its $89 price target. The firm believes PC data points will improve in 2H and management remains committed to remain committed to returning cash flow to investors.
08:32 EDTBMYBristol-Myers Squibb, MUSC announce translational research collaboration
The Medical University of South Carolina, or MUSC, and Bristol-Myers Squibb (BMY) announced that they have entered into a translational research collaboration focused on fibrotic diseases, including scleroderma, renal fibrosis and idiopathic pulmonary fibrosis. The agreement includes studies designed to improve the mechanistic understanding of fibrosis, explore patient segmentation based on disease characteristics and/or biomarker approaches and predictors of disease progression.
08:08 EDTERJEmbraer reports Q2 backlog of $22.9B vs. $20.4B last quarter
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07:38 EDTNFLXNetflix July volatility increases into Q2 and outlook
Netflix July call option implied volatility is at 108, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
07:36 EDTWDCWestern Digital upgraded to Buy from Hold at Craig-Hallum
06:39 EDTAAPLApple to release new iPod touch, 9to5Mac reports
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06:33 EDTAAPLApple 'in touch' with Iranian distributors to sell products there, WSJ reports
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