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Stock Market & Financial Investment News

News Breaks
April 27, 2012
16:28 EDTMDRX, EXPE, MXWL, CRAY, CVX, SBUX, PG, BAC, F, MRK, GS, 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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December 8, 2014
11:55 EDTGSGoldman Sachs ordered to pay $7.6M in wrongful discharge claim
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11:10 EDTFVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
09:10 EDTEXPEEgencia and iJET strengthens global partnership
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08:50 EDTAMZNAmazon increasing robot fulfilment use faster than expected, says Janney Capital
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08:30 EDTMRKMerck says deals with Cubist includes $250M break-up fee clause
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08:21 EDTMRKMerck says looked at all risks, including patent litgation, before Cubist deal
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08:11 EDTMRKCubist volatility elevated into Merck acquiring for $8.4B in cash
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08:08 EDTMRKMerck says about $9.5B of debt to be issued related to Cubist deal
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08:07 EDTFFord management to meet with UBS
Meeting to be held in Boston on December 8 hosted by UBS.
07:53 EDTCVXClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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07:52 EDTSBUXStarbucks price target raised to $97 from $88 at Jefferies
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07:35 EDTMRKAdvaxis reports FDA acceptance of IND application for ADXS-PSA combination trial
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07:13 EDTMRKMerck to host conference call
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07:01 EDTMRKMerck to acquire Cubist for $102 per share in cash, or $9.5B
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07:00 EDTMRKMerck to acquire Cubist for $102 per share in cash
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06:47 EDTSBUXStarbucks coverage resumed with a Conviction Buy at Goldman
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06:35 EDTGS, BACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:30 EDTAMZNAmazon's German workers strike again, WSJ reports
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December 7, 2014
16:29 EDTMRKMerck in discussions to buy Cubist for $7B, Bloomberg reports
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12:58 EDTMRKMerck presents KEYTRUDA data at ASH
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