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Stock Market & Financial Investment News

News Breaks
May 9, 2014
16:16 EDTAAPL, UBNT, CSC, P, JAZZ, PUBGY, SKUL, POST, AKRX, OMCOn The Fly: Closing Wrap
Stocks on Wall Street were higher in a choppy session that saw the averages spend time on either side of the flatline before gaining ground in the last hour of trade to close near session highs. With today's close, the S&P 500 and Nasdaq finished the week with losses, while the Dow gained about 0.4% to close at new all-time closing high. ECONOMIC EVENTS: In the U.S., wholesale inventories were up 1.1% in March, which was above the 0.5% forecast, while wholesale sales rose 1.4% in the month. The JOLTS report showed job openings fell 111K in March to 4.01M. COMPANY NEWS: Apple (AAPL) was in-focus after the Financial Times said last night that the iPhone and iPad maker is in talks to acquire Beats Electronics for $3.2B. Following the report of Apple's interest in the headphone maker co-founded by rapper and record producer Dr. Dre, shares of another audio equipment maker, Skullcandy (SKUL), gained 32c, or 4.66%, to $7.18. Pandora (P), which like Beats offers a music streaming service, was up 42c, or 1.89%, to $22.62... Shares of Omnicom (OMC) rose $1.46, or 2.21%, to $67.66 after the company and its advertising peer Publicis Groupe (PUBGY) terminated their proposed merger of equals, citing "difficulties in completing the transaction within a reasonable timeframe." MAJOR MOVERS: Among the notable gainers was CSC (CSC), up $4.35, or 7.49%, to $62.39 after reporting a mixed fourth quarter report but raising its dividend 15% and announcing a new $1.5B share repurchase program. Also higher was Akorn (AKRX), which gained $1.12, or 4.53%, to $25.82 after announcing an agreement to acquire VersaPharm for $440M in a deal the company expects to add $90M-$100M in annual revenue and 10c-12c per share in earnings. Among the noteworthy losers was Jazz Pharmaceuticals (JAZZ), down $4.24, or 3.17%, to $129.45 after the company's first quarter profit and revenue fell short of expectations. Analysts at Piper Jaffray, however, said Jazz's growth story is still "very much intact." Also lower following their quarterly reports were shares of Ubiquiti Networks (UBNT), down $9.99, or 24.15%, to $31.38 and Post Holdings (POST), down $4.05, or 7.78%, to $48.03. INDEXES: The Dow gained 32.37, or 0.20%, to 16,583.34, the S&P 500 was up 2.85, or 0.15%, to 1,878.48, the Nasdaq was up 20.37, or 0.50%, to 4,071.87.
News For AAPL;SKUL;P;OMC;PUBGY;CSC;AKRX;JAZZ;UBNT;POST From The Last 14 Days
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February 18, 2015
07:59 EDTAAPLBlackBerry files copyright lawsuit against Typo Products, AP says
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06:52 EDTAAPLApple could bringing Touch ID to Mac, 9to5Mac says
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06:45 EDTAAPLApple Watch launching without health monitoring functions, WSJ says
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06:20 EDTAAPLApple awarded patent for wireless head-mounted display, Financial Times reports
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03:20 EDTPOn The Fly: Analyst Initiation Summary
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February 17, 2015
18:17 EDTCSCJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
17:02 EDTAAPLSoros Fund Management gives quarterly update on stakes
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16:22 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; February 17, 2015
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13:18 EDTAAPLOmega Advisors gives quarterly update on stakes
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12:50 EDTAAPLOn The Fly: Midday Wrap
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10:31 EDTAAPLApple rises as analysts applaud reported auto ambitions
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10:00 EDTPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
09:40 EDTAAPLActive equity options trading on open
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08:01 EDTPPandora initiated with a Neutral at Macquarie
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07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPLMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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