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Stock Market & Financial Investment News

News For AMZN;BA;CHK;MERU;BIOC;CPNO;KMP;ISIS;MTOR;NOC;PLXT;HNT;CODE From The Last 14 Days
Check below for free stories on AMZN;BA;CHK;MERU;BIOC;CPNO;KMP;ISIS;MTOR;NOC;PLXT;HNT;CODE the last two weeks.
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July 23, 2014
17:01 EDTBAOn The Fly: Closing Wrap
Stocks began the session mixed and remained that way throughout the trading day, with the Nasdaq the leader and the Dow the laggard. The tech-heavy Nasdaq was helped by a post-earnings rise in shares of Apple (AAPL), while the blue-chip index was weighed down by Boeing's (BA) under-performance following its own quarter report. There was little movement in the averages during the day as they remained in a narrow range, but the increase in the S&P 500 did manage to push it to a new all-time closing high. After the bell, investors will receive the next wave of earnings with AT&T (T), Facebook (FB) and Qualcomm (QCOM) scheduled to report. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced $2.47, or 2.61%, to $97.19 after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Another research firm, Janney Capital, said Apple did not address rumored new products, like the iPhone 6 and iWatch, on its earnings call, but did indicate that its wider than normal revenue guidance range was due to "many moving pieces," suggesting one or two new products may be introduced, but late in the quarter... Dow component Boeing sank $3.03, or 2.34%, to $126.71 despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's (MCD), fell 92c, or 0.96%, to $95.35 after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock surged $174.40, or 295.44%, to $233.43 after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose $69.47, or 17.71%, to $461.63 and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers was Xilinx (XLNX), which tumbled $6.89, or 14.31%, to $41.26 after the company reported lower than expected first quarter revenue and forecast that its sales could drop as much as 4% in Q2 versus Q1. After the report, analysts at William Blair, Bank of America Merrill Lynch and BMO Capital all downgraded the stock. Also lower were shares of Juniper Networks (JNPR), which fell $2.39, or 9.63%, to $22.43 and was also downgraded at Bank of America Merrill Lynch after its Q3 guidance missed expectations. INDEXES: The Dow slid 26.91, or 0.16%, to 17,086.63, the Nasdaq rose 17.68, or 0.4%, to 4,473.70, and the S&P 500 gained 3.48, or 0.18%, to 1,987.01.
16:00 EDTAMZNOptions Update; July 23, 2014
iPath S&P 500 VIX Short-Term Futures up 23c to 28.17. Option volume leaders: AAPL FB C GILD MSFT PBR NFLX AMZN TWTR TSLA according to Track Data
12:20 EDTNOCNorthrop Grumman remains cautious on long-term defense spending
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12:17 EDTBAOn The Fly: Midday Wrap
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11:40 EDTBAATR-made prop plane involved in deadly crash in Taiwan, Reuters reports
A 70-seat turboprop ATR 72 operated by TransAsia Airways crashed in tyhoon-hit Taiwan, killing 47 people, Reuters reported, citing the nation's Civil Aeronautics Administration. Reference Link
11:06 EDTMERUMeru Networks, NEC collaborate to create SDN-enabled solutions via OpenFlow
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10:57 EDTBABoeing understands the scope of work that needs to be done on Tanker program
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10:50 EDTBABoeing says it bid Tanker 'aggressively' with no margin at initial stage
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10:38 EDTBABoeing says Q2 results include $272M charge on KC-46A Tanker program
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10:02 EDTCODEOn The Fly: Analyst Upgrade Summary
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09:41 EDTBAPassenger plane reportedly crashes, 40 killed in Taiwan, Reuters says
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09:17 EDTBAOn The Fly: Pre-market Movers
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09:01 EDTAMZNAmazon expands Prime Music selection
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07:36 EDTBABoeing says backlog unchanged at $440B
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07:34 EDTBABoeing raises 2014 EPS outlook to $7.90-$8.10 from $7.15-$7.35
Consensus $7.67. Sees 2014 revenue $87.5B-$90.5B, $89.76B. consensus Boeing says the raised outlook reflects $408M in tax benefits, strong operating performance and the KC-46A Tanker charge. Commercial Airplanes operating margin guidance is increased to greater than 10% on strong operating performance. Defense, Space & Security operating margin guidance is unchanged at approximately 9.5%. Boeing Military Aircraft operating margin guidance is lowered to approximately 9%. Global Services & Support operating margin guidance increased to approximately 11% reflecting strong performance.
07:34 EDTBABoeing raises FY14 core EPS view to $7.90-$8.10, consensus $7.67
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07:31 EDTBABoeing reports Q2 EPS $2.42, consensus $2.01
Reports Q2 revenue $22.05B, consensus $22.23B.
07:30 EDTNOCNorthrop Grumman reports Q2 Aerospace Systems sales down 4% to $2.5B
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07:29 EDTNOCNorthrop Grumman reports total backlog at June 30 was $35.6B
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07:05 EDTNOCNorthrop Grumman raises FY14 EPS to $9.15-$9.35 from $8.90-$9.15
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07:03 EDTNOCNorthrop Grumman reports Q2 EPS $2.37, consensus $2.22
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06:23 EDTBAAirbus group submits bid as Denmark looks to replace F-16s, WSJ reports
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July 22, 2014
18:06 EDTCODESpansion upgraded to Buy from Hold at Jefferies
Jefferies upgraded Spansion to Buy citing the potential for margin upside and the company's ability to monetize its intellectual property. The firm raised its price target for shares to $28 from $21.
16:00 EDTAMZNOptions Update; July 22, 2014
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15:30 EDTNOC, BANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
13:48 EDTBAEarnings Preview: Boeing shares flat since Q1 earnings report
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13:46 EDTHNTCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTHNTAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRS’s regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
10:16 EDTAMZNAmazon quietly debuts mobile wallet app, TechCrunch says
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10:01 EDTNOCNorthrop Grumman awarded $12M task order from U.S. Navy
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10:00 EDTAMZNOn The Fly: Analyst Downgrade Summary
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09:13 EDTAMZNAmazon HomeAway TripAdvisor should be bought into results, says Pacific Crest
Pacific Crest expects TripAdvisor (TRIP), Amazon (AMZN) and HomeAway (HOME) to report strong Q2 results. The firm thinks that all three companies have strong fundamentals.
09:08 EDTAMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Chipotle (CMG), up 10.7%... Crocs (CROX), up 5%... Lockheed Martin (LMT), up 1.4%. ALSO HIGHER: GreenHunter Resources (GRH), up 10.3% after announcing intent to form MLP... TG Therapeutics (TGTX), up 9.5% after reporting Q2 results, preclinical study results, price target on shares raised to $19 from $13 at Brean Capital... FuelCell (FCEL), up 5.4% after announcing German government support, EUR 4.9M in research awards... Apache (APA), up 5.2% after Bloomberg says activist investor JANA Partners disclosed $1B position in the stock. DOWN AFTER EARNINGS: Harley-Davidson (HOG), down 4.1%... Travelers (TRV), down 3.4%... McDonald's (MCD), down 2.3%... Coca-Cola (KO), down 2.5%. ALSO LOWER: Amazon.com (AMZN), down 1% following downgrade to Neutral rating at Citigroup.
09:01 EDTAMZNAmazon says Appstore selection has nearly tripled over last year
Amazon announced that Amazon Appstore selection has nearly tripled over the past year, and since Fire phone launched, the rate of app submissions to the Amazon Appstore has more than doubled. App submissions are at record levels in the 5 week period since launch. In the few weeks since Fire phone launched, developers have already found innovative uses of the phone’s enhanced carousel, Dynamic Perspective and Firefly.
07:23 EDTAMZNAmazon.com down 1.6% following Citigroup downgrade
07:08 EDTBABoeing shares attractive at current levels, says Bernstein
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07:04 EDTCODESpansion has positive read through from Texas Instruments, says Sterne Agee
Sterne Agee believes that Texas Instruments' (TXN) commentary on 4G telecom, auto and industrial strength should be positive for Spansion (CODE). The firm keeps a Buy rating on Spansion.
06:10 EDTAMZNAmazon.com downgraded to Neutral from Buy at Citigroup
Citigroup downgraded its rating on Amazon.com (AMZN) shares to Neutral from Buy saying the company's "aggressive investment" in web services could pressure earnings over the next few quarters. Citi also notes the stock is up 18% over the past 52 weeks. The firm lowered its price target for shares to $395 from $414. Amazon closed yesterday up $1.10 to $359.76.
05:16 EDTPLXTPLX Technology reports Q2 continuing operations EPS 5c, consensus 3c
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July 21, 2014
17:18 EDTCODESpansion challenges Macronix patent claims
Spansion has filed petitions with the USPTO's Patent Trial and Appeal Board to invalidate the patents that are being asserted against Spansion by Macronix International and Macronix America in an investigation that is currently pending at the U.S. International Trade Commission. In its petitions, Spansion challenges the validity of three patents addressing technologies directed to circuit designs and circuit layouts. The PTAB's decision on granting these petitions is expected in early 2015.
08:59 EDTBABoeing July weekly volatility elevated into Q2 and outlook
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July 20, 2014
14:59 EDTBABoeing says helicopter pact with India may signal new openness, WSJ says
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11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
17:28 EDTNOCNorthrop Grumman awarded $300M government contract
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12:36 EDTKMPPlug Power said to be on list of companies probed by SEC, Probes Reporter says
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09:48 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
07:32 EDTAMZNAmazon announces Kindle Unlimited subscription service for $9.99 per month
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07:30 EDTAMZNAmazon announces Kindle Unlimited subscription service
July 17, 2014
16:01 EDTAMZNOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
13:33 EDTAMZNAmazon.com reportedly deveoping Android app for Prime content, Cnet says
Amazon (AMZN) may soon release an app that would enable users of Google's (GOOG) Android operating system to stream content from Amazon's Prime Instant Video, PC Advisor reported, according to Cnet. Currently Amazon's Kindle Fire tablets and Apple's (AAPL) iPads are the only mobile devices that can access content from Prime, Cnet stated. Reference Link
12:03 EDTBABoeing says aware of reports on MH17 plane incident
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11:54 EDTBAMalaysia Airlines says lost contact of MH17 from Amsterdam
Malaysia Airlines said on its official twitter feed, "Malaysia Airlines has lost contact of MH17 from Amsterdam. The last known position was over Ukrainian airspace. More details to follow." According to media reports the plane was a Boeing plane. Reference Link
10:46 EDTAMZNAmazon.com July weekly volatility elevated into Q2
Amazon.com July weekly call option implied volatility is at 56, August is at 37, September is at 30, October is at 28; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 24.
10:00 EDTMTOROn The Fly: Analyst Initiation Summary
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09:40 EDTAMZNActive equity options trading on open
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07:10 EDTISISIsis Pharmaceuticals begins Phase 2 study of candidate for high lipoprotein(a)
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06:50 EDTAMZNAirbus considering partnering with high tech companies, NY Times says
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06:41 EDTBADefense Department to seek rival bids for satellite launches, WSJ reports
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July 16, 2014
18:26 EDTKMPOn The Fly: After Hours Movers
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17:04 EDTMTORMeritor initiated with an Overweight at Piper Jaffray
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17:00 EDTKMPKinder Morgan Energy reports Q2 EPS ex-items 49c, consensus 55c
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16:14 EDTKMPKinder Morgan Energy increases quarterly dividend by 5% to $1.39
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16:00 EDTAMZNOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
10:58 EDTAMZNAmazon testing 'Kindle Unlimited' subscription service, Gigaom reports
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09:35 EDTBAChina's 9 Air places $3.7B CFM engine order
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09:09 EDTBAGeneral Electric-powered Boeing 777X commissioned by Qatar Airways
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09:03 EDTBAQatar Airways commits to additional 50 GE9X-powered Boeing 777x
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08:10 EDTBABoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
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07:14 EDTISISIsis Pharmaceuticals earns $1M milestone payment from GlaxoSmithKline
Isis Pharmaceuticals (ISIS) has earned a $1M milestone payment from GlaxoSmithKline (GSK) related to the advancement of the Phase 2/3 study of ISIS-TTRRx in patients with familial amyloid polyneuropathy. ISIS-TTRRx is an antisense drug in development with GSK for the treatment of transthyretin amyloidosis, a severe and rare genetic disease characterized by progressive dysfunction of peripheral nerve and/or heart tissues. Including this milestone payment, Isis has generated $27M in upfront and milestone payments for advancing ISIS-TTRRx. If GSK elects to exercise its option to exclusively license the ISIS-TTRRx program, Isis is eligible to receive a license fee, regulatory and sales milestone payments and double-digit royalties on sales of ISIS-TTRRx.
06:47 EDTBABoeing Qatar Airways finalize order for 50 777Xs
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06:40 EDTBABoeing, Hainan Airlines announce commitment for 50 737 MAX 8s
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06:10 EDTBABoeing, MG Aviation finalize order for two 787-9 Dreamliners
Boeing and MG Aviation finalized an order for two additional 787-9 Dreamliners, valued at $499M at current list prices. The order will support the leasing company's growing fleet of modern airplanes. MG Aviation previously placed an order for two 787-9s in 2006 and now has four unfilled 787-9s orders.
05:56 EDTBABoeing, Air Algerie announce order for two Next-Generation 737-700Cs
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05:50 EDTBABoeing rolls out 5,000th Next Generation 737
Boeing rolled out the 5,000th Next-Generation 737 this week. The airplane is a Boeing C-40A Clipper, a modified 737-700C, that will serve as a transport aircraft for the U.S. Navy. To date, orders stand at 6,804 for Next-Generation 737s and 2,109 for 737 MAXs. Total 737 orders have surpassed 12,000 including Classics and more than 100 orders for military derivatives.
July 15, 2014
16:00 EDTAMZNOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
13:34 EDTAMZNLivingSocial names eBay's Guantam Thakar as president and CEO
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09:46 EDTBAGE's FES selected by SpiceJet Airlines to support entire fleet
SpiceJet Airlines has selected GE’s (GE) Flight Efficiency Services to support its fleet of 52 Boeing (BA) 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline’s operational efficiency with the goal of substantially reducing fuel expenses for the airline. GE will provide consultation and evaluation services with the aim of reducing the airline’s fuel consumption and carbon emissions. GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements.
09:05 EDTAMZNSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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08:10 EDTBACIT Group places order for 10 787-9 Boeing Dreamliners
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08:05 EDTBABoeing, CIT Group announce order for 10 additional 787-9 Dreamliners
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07:32 EDTBARockwell Collins' Flight Control Module selected for Boeing 777x
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07:23 EDTAMZNFortune to hold a conference
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07:17 EDTBAFarnborough International to hold air show
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07:13 EDTBABoeing could face higher than foreseen KC-46 expenses, Reuters says
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07:04 EDTBABoeing selects BAE for Integrated Flight Control Electronics system
Boeing (BA) has selected a BAE Systems (BAESY)-led team to provide electronics for the 777X flight control system through a procurement process. The system, known as the Integrated Flight Control Electronics and the Air Data Reference Function, will control the flight surfaces of the aircraft and integrate additional functionality unique to the 777X. BAE Systems is teaming with Rockwell Collins (COL) to bring this capability to Boeing. The 777X is scheduled to begin production in 2017 and first delivery is targeted for 2020.
06:50 EDTBAGE anticipates meeting $30B air show goal, Reuters says
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06:45 EDTBABoeing, Intrepid Aviation announce 777-300ER order valued at $1.9B
Boeing and Intrepid Aviation announced the leasing company's first direct Boeing order for six 777-300ERs, valued at $1.9B at current list prices.Intrepid also has the option to purchase an additional four 777s. If all options are exercised, the value of today's announcement could reach more than $3.2B at list prices.
06:02 EDTBABoeing, Air Lease announce 777-300ER, 737 MAX 8 order valued at $3.9B
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July 14, 2014
16:00 EDTAMZNOptions Update; July 14, 2014
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15:30 EDTBABoeing near $9B in orders from plane lessors, Bloomberg says
Boeing (BA) may announce as soon as tomorrow at the Farnborough Air Show that Air Lease (AL) may buy 20 737 Max and six 777s and that another lessor, BOC Aviation, will to commit to at least 50 737 Max jets, according to Bloomberg, citing people familiar with the matter. The orders from the two companies are valued at as much as $9.2B, the report noted. Reference Link
15:02 EDTBABoeing near deal from lessors for nearly $9.2B of plane orders, Bloomberg says
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14:43 EDTAMZNAmazon.com downgraded earlier to Peer Perform from Outperform at Wolfe
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11:41 EDTBAQatar Airways disappointed with Airbus A380s, Reuters says
Qatar Airways Chief Executive Akbar Al Baker said the company rebuffed the first three new A380 jets supplied to it by Airbus (EADSY), saying it was very displeased with the European company, according to Reuters, citing comments from Baker. Baker said that the airline was not ready to complete an order for 50 Boeing (BA) 777Xs. Reference Link
10:15 EDTAMZNAmazon hires Google Glass creator Babak Parviz, TechCrunch reports
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10:09 EDTBABoeing, U.S. Air Force announce new two-year contract
The U.S. Air Force has extended Boeing’s work remanufacturing warhead arming devices for the nation’s air-launched cruise missile, helping to ensure the readiness of the system. Under a new two-year contract, valued at $7.3M, Boeing will remanufacture warhead arming devices for the air-launched cruise missile. The contract includes an option for six additional years at an estimated value of $50M.
09:36 EDTAMZNActive equity options trading on open
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09:14 EDTCODESemiconductor top picks at Topeka
Topeka's anticipates strong unit growth in the smartphone, tablet and wearable end markets and recommends exposure to large/mid cap growth names Intel (INTC), Skyworks (SWKS), Atmel and (ATML), small cap growth name, Rambus (RMBS), and value names Freescale (FSL), Spansion (CODE) and Silicon Motion (SIMO).
09:06 EDTBAEmirates signs $13B GE9X services agreement
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08:47 EDTBABoeing receives order from Avolon for 787 Dreamliners, additional 737 MAXs
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08:29 EDTBABoeing receives order from Okay Airways for 737 MAXs, Next-Generation 737s
Boeing and Okay Airways announced an order for six 737 MAX 8s and four Next-Generation 737-800s, valued at $980M at current list prices. Okay Airways, the first privately owned airline in China, will convert five 737-800s from a previous order into 737-900ERs.
08:05 EDTBAParker Aerospace partners with Rolls-Royce to support engines
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07:45 EDTBABoeing anticipates F/A-18 fighter jets lasting through 2017, Reuters says
Boeing said it is projecting that it could continue manufacturing its F/A-18 and EA-18G fighter jets in St. Louis through the end of 2017, which is a year longer than anticipated, if Congress approved additional orders for 12 more aircrafts, according to Reuters, citing comments from president and CEO of Boeing Defense, Space & Security, Chris Chadwick. Chadwick said the firm was in talks with the U.S. Navy about overhauling the production schedule for jets already ordered, but noted that no final decisions have been made at the moment. Reference Link
07:40 EDTBABoeing aims for 737 higher-capacity model, Reuters says
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07:04 EDTCHKExterran Partners to acquire natural gas compression assets from MidCon
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07:02 EDTKMPKinder Morgan Energy July volatility elevated at 17 into Q2 and outlook
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06:50 EDTBAAirbus launches A330-800neo, A330-900neo
Airbus (EADSY) announced the A330-800neo and A330-900neo launched in July will reduce fuel consumption by a further 14% per seat compared with today’s A330. The company said that the A330neo will not only match the cash operating costs per seat of Boeing's (BA) 787, but also surpass it on direct operating costs per seat, and do so while offering an inch greater seat-width in economy class. The A330neo incorporates latest generation Rolls-Royce (RYCEY) Trent 7000 engines with a larger 112” diameter fan for a 10:1 bypass ratio, more seats and new cabin features. First deliveries of the newest A330 family members are scheduled to start in 4Q17. Reference Link
06:37 EDTBABoeing selected as preferred bidder for Monarch Airlines fleet replacement
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06:36 EDTBABoeing 'comfortable' with range amid Airbus overhaul plan, Reuters says
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05:53 EDTBABoeing expands product lineup with 200-seat 737 Max 8
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05:50 EDTBABoeing selects TRU Simulation for FFA supply
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July 13, 2014
17:29 EDTBABoeing looks cheaper than usual, Barron's says
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15:31 EDTBABoeing 787 reliability rate still below expectations, WSJ says
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12:51 EDTBAUTC Aerospace selected by Boeing for wheels, brakes on 737 MAX
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July 12, 2014
16:35 EDTBASikorsky, Boeing selected to develop ‘Digital Backbone’ for Future Vertical Lift
Boeing (BA) and Sikorsky Aircraft, a subsidiary of United Technologies (UTX) have been selected to help develop the Joint Common Architecture, JCA, standard for the U.S. Army’s Joint Multi-Role, JMR, Science and Technology program, an element of the Future Vertical Lift, FVL, initiative. The Technology Investment Agreement was awarded by the U.S. Army Aviation Applied Technology Directorate on June 30.
July 11, 2014
18:02 EDTNOCNorthrop Grumman awarded $198.9M government contract
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16:46 EDTAMZNStocks end week lower on European, Fed concerns
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16:22 EDTAMZNOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
15:59 EDTAMZNOptions Update; July 11, 2014
iPath S&P 500 VIX Short-Term Futures down 33c to 28.25. Option volume leaders: AAPL C GILD X FB GOOG AMZN TWTR TSLA according to Track Data.
15:03 EDTNOCNorthrop Grumman names Mark Caylor as Chief Strategy Officer
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12:36 EDTAMZNOn The Fly: Midday Wrap
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10:45 EDTAMZNAmazon climbs after ChannelAdvisor says sales growth accelerated
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09:59 EDTAMZNAmazon.com rises sharply in early trading, levels to watch
The shares are broadly outperforming this morning, trading up 3.9% to $340.88. At that price, next resistance is at $343.41 and then at $346.76. Support is at $336.37.
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFC C SUNE FB AMZN TSLA TWTR
06:23 EDTAMZNChannelAdvisor reports Amazon June SSS up 34.4%, eBay up 12.3%
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06:10 EDTAMZNJPMorgan expects solid Q2 results in Internet space
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July 10, 2014
18:18 EDTAMZNAmazon urges FAA to allow increased drone development, Cnet reports
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18:08 EDTAMZNAmazon.com offer to Hachette dismissed by Authors Guild, WSJ says
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16:00 EDTAMZNOptions Update; July 10, 2014
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12:59 EDTCHKChesapeake up against bid-rigging case, Reuters says
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12:35 EDTAMZNFTC alleges Amazon billed parents for children's unauthorized in-app charges
Amazon has billed parents and other account holders for millions of dollars in unauthorized in-app charges incurred by children, according to a Federal Trade Commission complaint filed today in federal court. The FTC’s lawsuit seeks a court order requiring refunds to consumers for the unauthorized charges and permanently banning the company from billing parents and other account holders for in-app charges without their consent. According to the complaint, Amazon keeps 30% of all in-app charges. In its complaint, the FTC alleges that Amazon violated the FTC Act by billing parents and other Amazon account holders for charges incurred by their children without the permission of the parent or other account holder. Amazon’s setup allowed children playing these kids’ games to spend unlimited amounts of money to pay for virtual items within the apps such as “coins,” “stars,” and “acorns” without parental involvement.
11:44 EDTAMZNAmazon ends all book discounts in France, WSJ reports
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11:10 EDTAMZNAmazon Web Services announces file sharing tool Zocalo
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11:09 EDTBABoeing reports 150 new orders in weekly update
Boeing announced 150 new orders in an update of its orders through July 8 to account for its previously announced order for 150 777Xs from Emirates Airline. Reference Link
09:36 EDTAMZNActive equity options trading on open
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07:39 EDTCHKRice Energy shares offer good value after pullback, says BMO Capital
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07:32 EDTAMZNNews Corp. owned HarperCollins looks to bypass Amazon with new site, FT says
News Corp.'s (NWSA) book publishing unit, HarperCollins, relaunched its U.S. website and is now selling books directly to readers, putting it in competition with one of its largest retailers, Amazon.com (AMZN), reported Financial Times. Reference Link
07:11 EDTHNTAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:36 EDTAMZNAmazon e-book plan leaves authors in dilemma, Bloomberg says
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06:28 EDTBAOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
06:23 EDTHNTHealth insurers moving away from fee for service model, NY Times reports
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06:09 EDTAMZNAmazon Web Services partners with Cloudian
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05:45 EDTBABoeing forecasts demand for 36,770 new planes valued at $5.2T
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July 9, 2014
16:01 EDTAMZNOptions Update; July 9, 2014
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13:44 EDTAMZNNetflix wins video on demand rights to 'Zoo' series, Variety reports
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12:23 EDTCODEMacronix files patent infringement complaints against Spansion in Germany
Macronix International announced that they have filed a new patent infringement complaint against Spansion (CODE) and certain of their customers in Germany for infringement of certain Macronix patents covering separate aspects of non-volatile memory devices, including flash memory. The named respondents include Harman Becker Automotive Systems GmbH, Ruckus Wireless (RKUS), and Polycom GmbH, according to Macronix. In addition to monetary compensation, Macronix requests that the court issues an injunction barring Spansion's infringing devices or products containing such components from further importation into and/or further commerce in Germany. This additional complaint follows those litigations in the U.S. against Spansion and/or its customers, and their respective decisions will be available in Q1 or Q2 of 2015, said Macronix.
11:16 EDTNOCAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
11:00 EDTAMZNWells says VMware growth could slow, downgrades shares
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10:25 EDTCHKChesapeake price target raised to $33 from $30 at JPMorgan
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
08:31 EDTAMZNVMware CEO sees EMC helping it remain independent, WSJ reports
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06:51 EDTBABoeing expands maintenance support to customers in Southeast Asia
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06:24 EDTAMZNGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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05:24 EDTBABoeing, Emirates finalize order for 777Xs valued at $56B
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05:10 EDTBABoeing, Air New Zealand announce first 787-9 Dreamliner delivery
Boeing announced the first 787-9 Dreamliner delivery with launch customer Air New Zealand. This 787-9, painted in a unique black livery, is the first of 10 Dreamliners to join Air New Zealand's fleet. The airline said the airplane will operate the Auckland–Perth route in October 2014 and to both Tokyo and Shanghai in November 2014.
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