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Stock Market & Financial Investment News

News Breaks
April 9, 2012
16:14 EDTAET, MOH, SNE, AOL, WCG, GOLD, FB, UNH, CNC, CALL, MSFTOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as investors got their chance to react to Friday’s worse than expected jobs report. Stock futures were sharply lower in pre-market trading, leading to a lower open for the market. The move was broad based, as evidenced by the fact that at one point 99% of the stocks in the S&P 500 index were in negative territory. Investors came back from the holiday weekend ready to sell, but a drift higher throughout the day limited the losses. Big question marks hang in front of the earnings season, which unofficially kicks off tomorrow with Alcoa's (AA) report... ECONOMIC EVENTS: A report Friday, while the U.S. stock markets were closed, showed that the U.S. added 120K net new jobs in March. That total missed expectations and the prevailing rate of growth in recent months. Today's economic calendar had little of note to distract investors from Friday's disappointment... COMPANY NEWS: Microsoft (MSFT) agreed to pay $1.06B to AOL (AOL) to buy many of it patents and license others, sending AOL's shares soaring $7.98, or 43.32%, to $26.40. Microsoft's stock declined with the broader market following the announcement of the deal, falling 42c, or 1.33%, to $31.10. In another $1B tech deal, Facebook (FB) agreed to purchase Instagram, a photo-sharing app for mobile devices. Shares of photo site Shutterfly (SFLY) fell $1.26, or 4.28%, to $28.21 after the deal was announced... Sony (SNE) plans to cut 10,000 jobs, or 6% of its workforce, over the next two years, according to reports... MAJOR MOVERS: Among the notable gainers were magicJack VocalTec (CALL), up $2.26, or 10.86%, to $23.07, as it provided guidance above the Street's view and said it will look to increase its stock buyback program, and Randgold Resources (GOLD), up $7.46, or 9.16%, to $88.90, after the company said its 2012 gold production would not be affected by a coup in Mali. Noteworthy losers included Molina Healthcare (MOH), down $9.36, or 26.74%, to $25.65, Centene (CNC), down $7.83, or 15.41%, to $42.97, WellCare Health Plans (WCG), down $5.46, or 7.35%, to $68.78, and Amerigroup (AGP), down $3.27, or 4.85%, to $64.18, after the companies lost their contracts to administer the state of Ohio’s Medicaid program. Ohio instead chose to go with Aetna (AET), United Health Group (UNH), and three others... INDICES: The Dow fell 130.55, or 1.00%, to 12,929.59; the Nasdaq dropped 33.42, or 1.08%, to 3,047.08; and the S&P 500 lost 15.88, or 1.14%, to 1,382.20.
News For AOL;MSFT;FB;SNE;CALL;GOLD;MOH;CNC;WCG;AET;UNH From The Last 14 Days
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May 12, 2015
07:01 EDTAOLVerizon to acquire AOL for $50 per share, or $4.4B
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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May 11, 2015
19:15 EDTCALLOn The Fly: After Hours Movers
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19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
17:18 EDTCALLmagicJack reports Q1 EPS 31c vs. 45c last year
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16:00 EDTFBOptions Update; May 11, 2015
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15:06 EDTAETAetna backs FY15 operating EPS $7.20-$7.40, consensus $7.38
In a regulatory filing earlier, Aetna reported that during upcoming investor meetings in May, the company expects to reaffirm its FY15 operating EPS guidance of $7.20-$7.40. Current FY15 EPS consensus is $7.38.
13:17 EDTMSFTMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
11:51 EDTAOLCLSA, UBS diverge widely on AOL following Q1 results
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10:30 EDTFBFacebook management to meet with Pacific Crest
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09:59 EDTAOLOn The Fly: Analyst Downgrade Summary
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09:37 EDTMSFT, FBActive equity options trading on open
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08:39 EDTAOLAOL well positioned to capitalize on industry shifts, says UBS
UBS believes AOL is well positioned to capitalize on the shifts to video display advertising, deep brand marketing services on digital properties, and the trend toward programmatic buying in the coming years. UBS reiterated its Buy rating and $50 price target on AOL shares.
07:42 EDTAOL, AOLAOL downgraded to Sell from Underperform at CLSA
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07:40 EDTUNHFocus on Vertex will shift to pricing after Orkambi FDA meeting, WSJ says
An FDA advisory committee that meets Tuesday to decide whether to recommend approval of Vertex’s Orkambi will be closely watched by health insurers and pharmacy-benefit managers concerned that the experimental cystic-fibrosis drug will be high-priced, said The Wall Street Journal. Vertex hasn’t announced a price, but analyst at JPMorgan predict the drug will have a wholesale price of about $287,000 annually per patient. Publicly traded PBM owners include Catamaran (CTRX), which is being acquired by UnitedHealth (UNH), CVS Health (CVS) and Express Scripts (ESRX). Reference Link
07:22 EDTWCGWellCare recent selloff presents buying opportunity, says Susquehanna
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07:13 EDTUNHUnitedHealth management to meet with UBS
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06:51 EDTAETAetna management to meet with Leerink
Meeting to be held in Hartford, CT on May 11 hosted by Leerink.
06:11 EDTMSFTStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 28, Netflix (NFLX) 26 according to iVolatility.
May 10, 2015
17:35 EDTSNEDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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