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Stock Market & Financial Investment News

News Breaks
October 25, 2013
12:48 EDTCTCT, PG, EMN, ZNGA, MSFT, DECK, CECO, AMZNOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after the tech-heavy Nasdaq index, which had been the leader in the morning hours, gave up nearly all of its early gains. The strength in the tech sector was largely attributable to advances by two of the titans in the space, Amazon.com (AMZN) and Microsoft (MSFT), following their earnings reports. ECONOMIC EVENTS: In the U.S., durable goods orders climbed 3.7% in September, stronger than the expected 2.5% increase. Durable goods orders excluding transportation orders were down 0.1%, versus expectations for them to be up 0.5% in the month. The final University of Michigan consumer confidence reading for October was 73.2, versus an expected 75.0 reading. Wholesale trade inventories grew 0.5% in August , versus expectations for a rise of 0.4% for the month. COMPANY NEWS: Amazon shares rallied about 9% after the company reported third quarter losses that were in-line with forecasts and revenue that beat analysts' consensus expectation. Following its report at least eight firms raised their price targets on Amazonís shares and Raymond James upgraded the stock to Strong Buy. Another tech giant, Microsoft, beat expectations on both the top and the bottom line and its stock advanced over 5%... Procter & Gamble (PG) reported earnings per share that matched expectations and backed its full-year outlook, though its shares slid nearly 1% after its report. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), which was up more than 50% near midday after the company last night announced a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), which gained 11% after reporting a narrower-than-expected third quarter loss. Also higher following their quarterly reports were Constant Contact (CTCT), which rose over 18%, and Ugg-maker Deckers Outdoor (DECK), which advanced more than 19% near midday. Among the noteworthy losers was Eastman Chemical (EMN), which fell over 6% after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: Near midday, the Dow was up 26.02, or 0.17%, to 15,535.23; the Nasdaq was up 6.86, or 0.17%, to 3,935.82; and the S&P 500 was up 2.72, or 0.16%, to 1,754.79.
News For AMZN;MSFT;PG;CECO;ZNGA;CTCT;DECK;EMN From The Last 14 Days
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January 21, 2015
11:06 EDTAMZNAmazon.com volatility increases as shares rally
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10:06 EDTMSFTMicrosoft set to test key support, levels to watch
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09:10 EDTAMZNSenate Commerce, Science & Transportation Committee holds a hearing
The Committee holds a hearing entitled, "Protecting the Internet and Consumers through Congressional Action" featuring non-government expert witnesses testifying about current authorities of the FCC and Congressí options to update outdated laws for the Internet Age with Vice President of Amazon.com, Paul Misener on January 21 at 2:30 pm.Webcast Link
08:43 EDTAMZNAmazon discontinues Amazon Elements line of diapers, Re/code reports
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08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
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08:00 EDTAMZNHouse Energy & Commerce Committee to hold a hearing
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07:50 EDTDECKDeckers Outdoor weakness a buying opportunity, says Canaccord
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06:17 EDTAMZNOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
06:13 EDTDECKDeckers Outdoor recent pullback overdone, says Citigroup
Citigroup views the 18% pullback in shares of Deckers Outdoor since mid-December as overdone. Citi continues to believe UGG is better positioned versus fashion footwear peers. It lowered its price target for shares to $95 from $105 to reflect reduced multiples in the space as well as currency headwinds. Citi keeps a Buy rating on Deckers.
05:05 EDTDECKDeckers Outdoor appoints David Lafitte as COO
Deckers Brands announced the appointment of David Lafitte to COO, effective February 2. Lafitte previously served as the company's general counsel. He replaces Zohar Ziv, who retired from the company on January 16.
January 20, 2015
11:23 EDTDECKFollow-up: Deckers Outdoor downgraded at Buckingham
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11:16 EDTDECKDeckers Outdoor downgraded to Neutral from Buy at Buckingham
11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
10:47 EDTDECKDeckers Outdoor down 5.3% to $81.88
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09:52 EDTAMZNAmazon.com's Q4 revenue trending to $29.5B vs. consnesus of $29.7B at ITG
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09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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09:38 EDTAMZNActive equity options trading
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08:17 EDTAMZNPattern Energy to supply power to Amazon Web Services
Pattern Energy Group (PEGI) announced it has entered into a 13-year power purchase agreement, or PPA, to supply power to Amazon Web Services, or AWS, an Amazon.com (AMZN) company. AWS will acquire the production from the 150 megawatt Fowler Ridge IV Wind project, to be renamed Amazon Web Services Wind Farm.
08:01 EDTAMZNAmazon Web Services to use wind farm power to supply datacenters with power
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January 19, 2015
11:14 EDTAMZNAmazon to produce original movies for theaters, Prime Instant Video
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