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Stock Market & Financial Investment News

News Breaks
April 27, 2012
16:28 EDTMXWL, MDRX, EXPE, CRAY, PG, MRK, CVX, BAC, GS, SBUX, F, AMZNOn The Fly: Closing Wrap
Stock futures traded around fair value for most of the pre-market trading session, with a bit of a swoon following the disappointing Q1 GDP report. The futures gathered themselves before the close of the pre-market trading session which led to a slightly higher open for the broader market. The averages hung near the flat line until the University of Michigan Consumer Confidence reading gave investors a reason to buy. Although the volume was light, the averages achieved gains of roughly 0.5% and then drifted lower for the remainder of the session. ECONOMIC EVENTS: In the U.S., gross domestic product reportedly grew at an annual rate of 2.2% in the first quarter, versus an expected increase of 2.5%. Personal consumption increased 2.9%, versus expectations for an increase of 2.3%. The University of Michigan Consumer Confidence report had a reading of 76.4, versus the expected 75.7. Regarding Europe, S&P cut its credit rating on Spain to BBB+ from A and said its long-term outlook is negative...COMPANY NEWS: Amazon.com (AMZN), Ford (F) and Starbucks (SBUX) all exceeded expectations on the top and bottom lines, but only Amazon was rewarded by investors. Shares of the internet giant advanced more than 15% on the heels of upgrades from Goldman (GS), Merrill Lynch (BAC), Nomura and Sun Trust...The three Dow components reporting earnings, Chevron (CVX), Merck (MRK) and Procter & Gamble (PG), all declined despite each beating consensus earnings expectations. P&G was the Dow's worst performer, sliding 3.9%, after lowering its outlook for next quarter...MAJOR MOVERS: Among the biggest gainers were: Cray (CRAY) which soared 27.9% to $11.38 after forecasting higher than expected Q2 revenue, and Expedia (EXPE) which rallied 23.5% to $40.31 after reporting Q1 EPS that trounced analysts' expectations. The losers included Allscripts Healthcare Solutions (MDRX) which tumbled 35.7% to $10.29 after drastically reducing its FY12 EPS forecast, and Maxwell Technologies (MXWL) which fell 39.2% to $9.60 after issuing a disappointing Q2 sales forecast. INDICES: The Dow rose 23.69 to 13,228.31, the S&P gained 3.38 to 1,403.36, and the Nasdaq added 18.59 to 3,069.20.
News For AMZN;F;SBUX;GS;BAC;CVX;MRK;PG;CRAY;EXPE;MDRX;MXWL From The Last 14 Days
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September 9, 2014
07:40 EDTCVXChevron downgraded to Underperform from Neutral at BofA/Merrill
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07:17 EDTFThe Wireless Association to hold a conference
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06:33 EDTBAC, GSFed looks set to pressure large banks to shrink, NY Times says
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06:32 EDTBACFed to require large US banks to have extra financial padding, WSJ reports
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06:09 EDTFVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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September 8, 2014
17:47 EDTFFord downgrade a buying opportunity, Barron's says
Ford's downgrade at Morgan Stanley is a buying opportunity and investors should buy the dip, Barron's argues in its 'Barron's Take' column. Reference Link
16:00 EDTBAC, AMZN, MRKOptions Update; September 8, 2014
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13:26 EDTFFord falls after two notch downgrade at Morgan Stanley
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13:04 EDTFAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
11:12 EDTAMZNAmazon offering Fire Phone for 99c with two-year contract
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10:48 EDTBACBank of America upgraded as legal issues recede
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10:06 EDTFOn The Fly: Analyst Downgrade Summary
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10:06 EDTBACOn The Fly: Analyst Upgrade Summary
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09:40 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:12 EDTFOn The Fly: Pre-market Movers
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07:59 EDTFMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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07:35 EDTAMZNAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
06:29 EDTFFord downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Ford two notches to Underweight from Overweight and lowered its price target to $16 from $17. The firm recommends reducing positions due to competitive pressures, cycle maturity, high expectations, and execution risk to the new truck changeover.
05:40 EDTBACBank of America upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded its rating on Bank of America (BAC) shares to Buy citing the resolution of a lot of the bank's legal issues and the shift of its earnings mix towards higher growth businesses. Goldman raised its price target for shares to $19 from $17. Bank of America closed Friday down 9c to $16.02.
September 7, 2014
14:29 EDTAMZNAmazon.com secures $2B credit arrangement
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