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Stock Market & Financial Investment News

News Breaks
April 10, 2013
13:04 EDTADTN, TITN, KMX, FAST, BIDU, FNSR, CIEN, HMA, BRLIOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following the unexpected early release of the minutes from the Fed's last rate setting meeting in March. The move higher has pushed the S&P above its all-time closing high, which was established last week, and has seen it set a new all-time intraday record as well. In addition to the Fed minutes, the President unveiled a budget proposal that calls for tough entitlement cuts, but those come paired with increased revenues, and China unexpectedly reported a trade deficit caused by higher than expected imports... ECONOMIC EVENTS: In the U.S., the Federal Reserve decided to release the minutes from it last Federal Open Market Committee meeting at 9:00 am ET, which was five hours earlier than scheduled, because they were leaked yesterday to trade groups and some members of Congress. The minutes showed continued discussion over the costs and benefits of the Fed's bond-buying program, with several members saying it would "probably be appropriate to slow purchases later in the year and to stop them by year-end." However, many on the Street noted that the minutes were for a meeting that occurred prior to last Friday's disappointing monthly jobs report. Also, President Obama sent a $3.77T spending plan to Congress in a bid to revive deficit-reduction talks. In China, a rare trade deficit of $880M was reported for March, as imports surged 14.1% from a year earlier, outpacing a 10% rise in exports. Also of note, the World Trade Organization slashed its forecast for global trade growth in 2013 to 3.3% from its prior call for 4.5% growth, and S&P revised its outlook on Cyprus to Stable from Negative... COMPANY NEWS: Earnings season picked up a little bit of steam, with reports from ADTRAN (ADTN) and CarMax (KMX) sending their shares higher, while Titan Machinery (TITN) and Fastenal (FAST) declined following their quarterly results announcements... MAJOR MOVERS: Among the notable gainers was Baidu (BIDU), which rose over 6% following an upgrade to Buy from Hold at 86 Research. Also trading higher were a number of ADTRAN's peers, including Finisar (FNSR), up nearly 7%, and Ciena (CIEN), up about 6%, following the telecommunication equipment provider's better than expected report. Among the noteworthy losers were Health Management Associates (HMA), which fell 17% after its preliminary view of its quarterly results fell short of expectations, and Bio-Reference Labs (BRLI), which slid 7% in an apparent delayed reaction to a "whistleblower" suit filed against it last week but widely circulated today... INDICES: Near 1 pm ET, the Dow was up 147.54, or 1.01%, to 14,821.00; the Nasdaq was up 58.03, or 1.79%, to 3,295.89; and the S&P 500 was up 19.43, or 1.24%, to 1,588.04.
News For ADTN;TITN;KMX;FAST;BIDU;FNSR;CIEN;HMA;BRLI From The Last 14 Days
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September 23, 2014
10:59 EDTKMXCarMax slumps after posting sluggish Q2 used unit sales in comparable stores
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10:23 EDTKMXHigh option volume stocks
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09:37 EDTBIDUActive equity options trading on open
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09:13 EDTKMXOn The Fly: Pre-market Movers
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07:39 EDTKMXCarMax reports Q2 total used unit sales rose 6.3%
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07:37 EDTKMXCarMax sees FY15 CapEx $325M
The company said, "We currently estimate total capital expenditures will be approximately $325M in FY15. We plan to open 13 stores in FY15 and between 10-15 stores in each of the following two fiscal years."
07:36 EDTKMXCarMax reports Q2 EPS 70c, consensus 67c
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September 22, 2014
15:06 EDTKMXNotable companies reporting before tomorrow's open
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12:53 EDTKMXCarMax technical comments ahead of results
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08:25 EDTKMXCarmax October volatility elevated into Q2 and outlook
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08:04 EDTBIDUAltera and Baidu collaborate on FPGA-based acceleration for cloud data centers
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September 19, 2014
16:00 EDTBIDUOptions Update; September 19, 2014
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09:37 EDTBIDUActive equity options trading on open
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September 18, 2014
16:00 EDTBIDUOptions Update; September 18, 2014
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11:56 EDTFNSRFinisar management to meet with Barrington
Meetings to be held in Portland, OR on September 23 and in Seattle on September 24 hosted by Barrington.
10:58 EDTKMXCarmax October volatility elevated into Q2 and revenue outlook
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07:35 EDTBIDUBaidu volatility low into Alibaba IPO
Baidu September call option implied volatility is at 28, September weekly is at 28, October is at 32, December is at 33; compared to its 26-week average of 38 according to Track Data, suggesting decreasing price movement.
September 17, 2014
12:01 EDTBIDUSeagate signs strategic agreement with Baidu
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07:31 EDTCIENCiena management to meet with UBS
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September 16, 2014
07:51 EDTCIENCiena management to meet with UBS
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