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Stock Market & Financial Investment News

News Breaks
April 9, 2012
16:14 EDTWCG, GOLD, FB, UNH, CNC, CALL, MSFT, AET, MOH, SNE, AOLOn 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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August 19, 2015
06:53 EDTFBDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
August 18, 2015
16:19 EDTFBTencent invests $50M in messaging app Kik
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16:00 EDTFBOptions Update; August 18, 2015
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12:27 EDTFBStocks with call strike movement; FB BABA
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09:39 EDTFBActive equity options trading on open
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08:27 EDTFBFacebook price target raised to $120 on growth and engagement at MKM Partners
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07:57 EDTUNH, WCGMagellan Iowa loss largely priced into shares, says Jefferies
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07:33 EDTFBPiper's Munster sees virtual reality moving Facebook shares higher
Three themes centering on virtual reality could move shares of Facebook higher over the next three months, Piper Jaffray analyst Gene Munster tells investors in a research note. First up in September, Facebook's Oculus unit will host a developer conference in Los Angeles which will address investor questions around the virtual reality use case, Munster writes. Second, the consumer version of Oculus, called Rift, will be available slightly earlier than investors expect with sales starting in January of next year, Munster believes. And third, based on his analysis on LinkedIn profiles, Munster thinks Facebook is making the most aggressive investment in VR talent. He has increased confidence in the social media giant's long term virtual position and reiterates an Overweight rating on the stock with a $146 price target. Facebook closed yesterday down 49c to $93.93.
August 17, 2015
19:54 EDTFBComcast online video platform to give creators 70% share of ad revenue, WSJ says
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19:29 EDTFBFacebook tests expanded blog capabilities, CNET says
Facebook (FB) is testing an expanded version of its "notes" feature, allowing users to include large background photos in the blog-like service, reports CNET. The new look puts the service more in line with Yahoo's (YHOO) Tumblr blogging platform, said the report, and a Facebook spokesperson remarked that the test aims to "make it easier for people to create and read longer-form stories on Facebook." Reference Link
16:12 EDTWCG, UNHMagellan drops after Iowa picks four others for Medicaid
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16:00 EDTMSFT, FBOptions Update; August 17, 2015
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15:57 EDTUNHUnitedHealth up 2.4% after being awarded Iowa healthcare contract
15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTUNH, WCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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10:10 EDTCALLHigh option volume stocks
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09:38 EDTFB, MSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
07:39 EDTMSFTTMC to hold a conference
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05:59 EDTAETStocks with implied volatility movement; AET PMCS
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