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Stock Market & Financial Investment News

News Breaks
April 10, 2013
13:04 EDTHMA, BIDU, TITN, CIEN, FAST, ADTN, BRLI, FNSR, KMXOn 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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April 10, 2015
09:39 EDTBIDUActive equity options trading on open
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07:31 EDTBIDUChinaNet Online initiates O2O business project near Huaqiao University in China
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06:38 EDTBIDUChina using new weapon to censor Internet content, NY Times says
China has deployed a new weapon in its effort to prevent Chinese citizens from viewing foreign websites of which Beijing does not approve, according to The New York Times. Dubbed The Great Cannon, the new weapon enables the government to intercept foreign web traffic flowing to Chinese websites, inject malicious code, and redirect the traffic, the newspaper stated, adding that the technology could easily be used to spy on all users who obtain content hosted on a Chinese computer. Chinese Internet stocks include Baidu (BIDU), SINA (SINA), Wiebo (WB), and Sohu.com (SOHU). Reference Link
April 9, 2015
16:10 EDTBRLIBio-Reference Labs management to meet with Sidoti
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16:00 EDTBIDUOptions Update; April 9, 2015
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10:32 EDTKMXOptions with decreasing implied volatility
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09:58 EDTCIENCiena management to meet with UBS
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09:36 EDTBIDUActive equity options trading on open
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08:00 EDTBIDUBaidu advertising boycott suspended by Putian Healthcare, Marbridge Daily says
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April 8, 2015
11:22 EDTKMXOptions with decreasing implied volatility
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11:07 EDTKMXOptions with decreasing implied volatility
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09:35 EDTBIDUActive equity options trading on open
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08:51 EDTBIDUHSBC expects Baidu and PHICC to reach an agreement shortly at HSBC
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07:25 EDTCIENCiena management to meet with UBS
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April 7, 2015
11:09 EDTKMXOptions with decreasing implied volatility
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10:05 EDTFASTOn The Fly: Analyst Downgrade Summary
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09:18 EDTFASTFastenal downgraded to Neutral from Buy at Northcoast
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09:15 EDTFASTFastenal downgraded to Neutral from Buy at Cleveland Research
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07:41 EDTKMXCarMax price target raised to $82 from $73 at BofA/Merrill
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07:24 EDTFASTFastenal January volatility increases into Q1 and outlook
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