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Stock Market & Financial Investment News

News Breaks
September 17, 2012
12:18 EDTAAPL, T, ODP, TSLA, IRIS, DHR, GNOM, THLD, GRPNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the United States and China traded complaints to the World Trade Organization. Stock futures, which had been weak in early trading, softened further after the disappointing Empire State manufacturing reading. The futures action led to a lower opening for the broader market and the averages have not been able to mount any semblance of a come back in light, holiday trading... ECONOMIC EVENTS: In the U.S., the New York Fed’s “Empire State” general business conditions index, which measures factory activity in the state, dropped to minus 10.41 from minus 5.85 in August. This knocked the index to its lowest level in over three years, versus economists’ expectations for an improvement to minus 2. Also, China filed a complaint at the World Trade Organization to challenge a new U.S. law on tariffs intended to combat export-promoting subsidies, hours after the U.S. said it would launch a trade complaint against China's support for car exports... COMPANY NEWS: Apple (AAPL) announced that its iPhone 5 preorders set a new record by topping 2M phones sold in 24 hours. AT&T (T) echoed Apple's sentiments, saying sales of the new phone over the weekend made it the fastest-selling iPhone yet... Office Depot (ODP) rose over 7% after activist fund Starboard took a 13% stake and said the stock was “deeply undervalued.” This comes after last week's gains, which may have been aided by private equity takeover speculation circling its peer, Staples (SPLS)... MAJOR MOVERS: Among the notable gainers were IRIS International (IRIS), up 45% to $19.47 after Danaher (DHR) agreed to acquire the company for $19.50 per share, and Complete Genomics (GNOM), up 15% to $3.06 following a deal to be purchased by BGI-Shenzhen for $3.15 per share in cash. Also higher were shares of Tesla Motors (TSLA), which rose 5% following a two notch upgrade to an Overweight rating at Morgan Stanley. Among the noteworthy losers was Threshold Pharmaceuticals (THLD), down 19% after the company said new analysis showed one of its cancer drugs did not have a statistically significant impact on overall survival in a trial. Also lower were shares of Groupon (GRPN), down 6% as the stock was added to Evercore's "Conviction Sell" list... INDICES: Near noon, the Dow was down 27.01, or 0.20%, to 13,566.36; the Nasdaq was down 7.15, or 0.22%, to 3,176.80; and the S&P 500 was down 2.43, or 0.17%, to 1,463.34.
News For AAPL;T;ODP;TSLA;IRIS;DHR;GNOM;THLD;GRPN From The Last 14 Days
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July 8, 2014
13:12 EDTAAPLGT Advanced's sapphire screens likely in both new iPhones, says Stifel
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12:48 EDTTSLAOn The Fly: Midday Wrap
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12:17 EDTTSLATesla under pressure for a second session, levels to watch
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12:06 EDTTSLAStocks with call strike movement; FB TSLA
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11:42 EDTAAPLUber poaches Apple's Chris Blumenberg, The Information reports
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10:40 EDTGRPNGroupon bucks downtrend in tech after firm upgrades shares
Shares of Internet coupon provider Groupon (GRPN) are rising slightly in a down market after research firm B. Riley upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: About 25% of Groupon's gross billings in Q2 have easy year-over-year comparison and about 25% of its gross billings in Q3 will be in a similar situation, B. Riley stated. Meanwhile, technology upgrades on Groupon's overseas products should increase the company's productivity and its efforts to increase its margins on products it sells are becoming more effective, the firm stated. Groupon's gross billings growth, excluding acquisitions, should accelerate during the rest of the year, B. Riley forecast. Moreover, the margins on its earnings before interest, taxes, depreciation and amortization, excluding certain items, should rise to 15% by Q4 from 5% in Q1, according to B. Riley Along with upgrade of its rating, the firm raised its price target on the stock to $9.50 from $6. PRICE ACTION: In mid-morning trading, Groupon rose 0.5% to $6.50, while the S&P 500 was down 0.7% and the Nasdaq was down 1.4%.
10:28 EDTGRPNOn The Fly: Analyst Upgrade Summary
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10:24 EDTAAPLApple could be impacted by Chinese subsidy cuts, says UBS
09:52 EDTGRPNGroupon trades higher following upgrade, levels to watch
B. Riley upgraded the shares to Buy and raised its price target to $9.50 earlier today, noting the company is entering a period of easier comps, and is making operational improvements which should drive growth and margin expansion. At the current price of $6.60, the next resistance level is at $6.82 which is the session high. Resistance above the high is at $7.09. Support is at $6.35.
09:36 EDTAAPL, TSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR GILD EXXI FB MGM
09:36 EDTAAPLApple to invest $55M in North Carolina solar farm, Hicorky Record reports
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09:15 EDTGRPNOn The Fly: Pre-market Movers
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07:34 EDTAAPLLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link
07:31 EDTTHLDPiper Jaffray to hold a symposium
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07:00 EDTTSprint tests discounted versions of Framily, individual plans, CNet reports
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06:59 EDTTMobile payments company Isis to change name
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06:36 EDTTSLATesla faces trademark infringement suit in China, Reuters says
Tesla is up against a trademark infringement suit in China after Zhan Baosheng, who registered the "Tesla" trademark before the U.S. firm came to China, decided to take the automaker to court and is demanding that the firm stop all sales and marking activities in the country, reported Reuters. http://www.reuters.com/article/2014/07/08/us-tesla-motors-china-idUSKBN0FD0TW20140708
06:05 EDTGRPNGroupon upgraded to Buy from Neutral at B. Riley
B. Riley upgraded its rating on shares of Groupon (GRPN) to Buy saying the company is entering a period of easier year-over-year comparisons while operational improvements should drive organic growth and margin expansion. The firm raised its price target for shares to $9.50 from $6.
05:55 EDTTSLAStocks with implied volatility movement; TSLA GMCR
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05:32 EDTTHLDThreshold Pharmaceuticals assumed with a Buy at Brean Capital
Target $15.
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