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Stock Market & Financial Investment News

News Breaks
April 27, 2012
16:28 EDTEXPE, MXWL, MDRX, MRK, GS, AMZN, CRAY, CVX, SBUX, PG, BAC, FOn 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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April 9, 2014
11:43 EDTMRKGilead defended by analysts after recent pullback
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10:06 EDTCVXOn The Fly: Analyst Initiation Summary
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10:02 EDTFBofA/Merrill's US autos/auto parts analyst has analyst/industry conference call
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09:03 EDTPGMars agrees to buy part of Proctor & Gamble for $2.9B
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09:01 EDTFFord price target lowred to $17 from $20 at Morgan Stanley
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08:48 EDTBACHuntington Bancshares to acquire 11 branches in central, east Michigan
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07:49 EDTAMZNAmazon unclear about limits of Fire TV voice search, BI says
Amazon (AMZN) claimed to have addressed user annoyances when it detailed the voice search features of its new Fire TV system last week, but the company was unclear about the fact that voice searches only present results from Amazon's Instant Video library and Vevo and exclude other services like Netflix (NFLX), said Business Insider. The company also was not upfront about the way voice searches are saved as recordings of users' voices, the report added. Reference Link
07:41 EDTBACBofA unit, Allstate dismiss toxic mortgage debt suit, Reuters says
Allstate (ALL) and Bank of America's (BAC) Countrywide unit have agreed to end a lawsuit stemming from $700M of toxic mortgage debt, according to Reuters, citing a court filing. Reference Link
07:28 EDTAMZNAmazon looking to court game developers for Fire TV, NY Post reports
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07:23 EDTMRKEuropean Association for the Study of the Liver to hold annual meeting
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07:09 EDTMRKReckitt Benckiser may be frontrunner for Merck unit, Bloomberg reports
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07:00 EDTBACBofA, Intel fire 3K workers, leaving Costa Rica shocked, Bloomberg says
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06:51 EDTGSGoldman, Warburg move forward in China Huarong sale, Reuters says
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06:40 EDTFCar sales rose 9% last month in China, China Daily says
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06:35 EDTGS, BACRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTGS, BACBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
06:20 EDTEXPEGoogle adds more photos, reviews to hotel business, WSJ says
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06:07 EDTAMZNRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTAMZNRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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05:24 EDTFFord Focus retains best-selling vehicle title in 2013
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