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Stock Market & Financial Investment News

News Breaks
April 9, 2012
12:15 EDTMOH, MSFT, ITMN, GOLD, AOL, CNC, CALLOn The Fly: Mid-Day Wrap
Stocks on Wall Street were lower at mid-day, in a delayed reaction to Friday's disappointing jobs report. Investors and analysts continue after the long weekend to try to connect the dots to determine whether this report is a sign of a slow down in the economic recovery or if it indicates a pause. The move today is broad based, as all of the S&P sectors are lower and at one point 99% of all the S&P 500 stocks were lower. The averages have shown virtually no improvement since the open and continue to drift. The lack of economic data today has left investors with nothing new to focus on to move past the jobs report... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar, leaving investors to react to the disappointment from the the 120K increase in nonfarm payrolls reported Friday while the equity markets were closed. Internationally, the Nikkei was down and the Hang Seng and the European markets were closed... COMPANY NEWS: AOL (AOL) shares surged over 45% after the company agreed to sell over 800 of its patents to Microsoft (MSFT) for a bit over $1B. Microsoft's stock was down close to 1% near noon following the announcement... MAJOR MOVERS: Among the notable gainers were magicJack (CALL), after it provided guidance above the Street's view and said it will look to increase its stock buyback program, and Randgold (GOLD), after the company said its gold production and 2012 production guidance were not affected by a coup in Mali. Noteworthy losers included Molina Healthcare (MOH) and Centene (CNC), after the state of Ohio did not renew its Medicaid contract with the two companies. Also lower were shares of InterMune (ITMN), following a downgrade to Sector Perform at RBC Capital... INDICES: Near noon, the Dow was down 138.38, or 1.06%, to 12,921.76; the Nasdaq was down 34.41, or 1.12%, to 3,046.09; and the S&P 500 was down 16.86, or 1.21%, to 1,381.22.
News For AOL;MSFT;CALL;GOLD;MOH;CNC;ITMN From The Last 14 Days
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November 13, 2014
06:29 EDTCNCCentene downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Centene to Market Perform citing valuation following the recent rally in shares.
06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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08:58 EDTCNC, MOHManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
08:02 EDTCNCCredit Suisse to hold a conference
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
06:00 EDTAOLYahoo investors met with AOL CEO to push merger, Reuters reports
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November 11, 2014
12:55 EDTCNC, MOHWorkarounds to likely protect insurers from Supreme Court decision, says Wedbush
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12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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10:20 EDTCALLHigh option volume stocks
High option volume stocks: RLGY TWC LITB SPM ACRX JWN OCR CALL CST ERIC
08:29 EDTCALLmagicJack price target lowered to $12 from $14 at Canaccord
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05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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November 10, 2014
18:32 EDTCALLOn The Fly: After Hours Movers
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16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
16:22 EDTCALLmagicJack reports Q3 EPS 18c, consensus 13c
Reports Q3 revenue $25.8M, consensus $27.48M.
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
10:14 EDTCALLHigh option volume stocks
High option volume stocks: UN PAGP PHH RGLS DF URA CERS DNDN LGF CALL
07:23 EDTMSFTRBC Capital to hold a conference
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07:01 EDTCALLmagicJack November volatility elevated into Q3 and outlook
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