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Stock Market & Financial Investment News

News Breaks
April 10, 2013
13:04 EDTBRLI, FNSR, KMX, HMA, BIDU, TITN, CIEN, FAST, ADTNOn 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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November 21, 2014
10:20 EDTFASTHigh option volume stocks
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09:36 EDTBIDUActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
06:49 EDTCIENCiena initiated with an Outperform at Northland
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November 19, 2014
08:46 EDTBIDUBaidu unit gets RMB 1.8B investment from Xiaomi, Marbridge Daily says
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07:40 EDTADTNUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
07:12 EDTCIENCiena risk/reward attractive following pullback, says William Blair
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November 17, 2014
10:02 EDTKMXOn The Fly: Analyst Downgrade Summary
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08:27 EDTBIDUBaidu rumored to buy payment operator 99Bill, Marbridge Daily says
Baidu has struck a deal to acquire Chinese third-party payment provider 99Bill for RMB 2B, according to TechWeb, reported Marbridge Daily. Reference Link
05:35 EDTKMXCarMax downgraded to Equal Weight from Overweight at Morgan Stanley
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November 13, 2014
09:54 EDTBIDUCtrip.com rises 3.7% to $58.81 amid rumor of Baidu interest
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November 12, 2014
14:32 EDTADTNADTRAN January puts active
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November 11, 2014
09:37 EDTBIDUActive equity options trading
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November 10, 2014
15:55 EDTADTNNeedham to hold a conference
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13:35 EDTFNSRCapital Research Global reports 11.9% passive stake in Finisar
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09:27 EDTBIDUXiaomi rumored to mull stakes in Youku Tudou, Baidu unit, Marbridge Daily says
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08:22 EDTADTNNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:20 EDTBIDUBaidu subsidiary to buy 1,000 US films in 2015
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08:12 EDTCIEN, ADTNAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:20 EDTTITNRW Baird to hold a conference
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06:09 EDTBIDULightInTheBox, Baidu Dianxin form strategic partnership
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