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Stock Market & Financial Investment News

News Breaks
August 30, 2013
16:42 EDTPSUN, CRM, APA, KKD, AAMRQ, SPLK, LCCOn The Fly: Closing Wrap
Stocks on Wall Street were lower as each of the major indexes finished the month with losses, lead by the Dow and S&P, which each lost more than 3% in August. The averages drifted lower for the beginning of the session, turning more volatile after statements regarding Syria were made by both U.S. Secretary of State John Kerry and President Obama, with the indexes closing off their worst levels of the session. ECONOMIC EVENTS: In the U.S., consumer spending rose less than forecast in July as income growth slowed. Personal income in the month rose 0.1%, versus the expected increase of 0.2%, while personal spending rose 0.1%, versus an expected 0.3% increase. The Chicago ISM rose 0.7 points to 53.0 in August, matching the forecast of analysts. The final August reading of the University of Michigan Consumer Sentiment survey was revised up to 82.1, which was higher than the preliminary August estimate of 80.0, but lower than July?s reading of 85.1. COMPANY NEWS: Shares of energy explorer Apache (APA) rose $7.04, or 8.95%, to $85.68 after the company last night announced a deal to sell a 33% stake in its Egyptian business to China's Sinopec for $3.1B in cash. A number of analysts reacted positively to the news, notably RBC Capital, which upgraded the stock to Outperform from Sector Perform... A federal judge set a November 25 trial date in the U.S. Justice Department's challenge to the proposed merger between US Airways (LCC) and American Airlines parent AMR Corp. (AAMRQ). MAJOR MOVERS: Among the notable gainers was cloud software company salesforce.com (CRM), up $5.48, or 12.55%, to $49.13 after beating second quarter estimates and raising its full year 2014 outlook. Also higher following a better-than-expected earnings report was another software company, Splunk (SPLK), which gained $6.29, or 12.86%, to $55.21, as the stock was also upgraded at FBR Capital. Among the noteworthy losers were shares of doughnut maker Krispy Kreme (KKD), down $3.51, or 15.11%, to $19.72 after its earnings and guidance missed expectations. Also lower was teen retailer Pacific Sunwear (PSUN), down 66c, or 16.84%, to $3.26, which reported an in-line second quarter but gave an earnings and revenue outlook for the third quarter that fell short of estimates. INDEXES: The Dow was down 30.64, or 0.21%, to 14,810.31; the S&P 500 was down 5.20, or 0.32%, to 1,632.97; the Nasdaq was down 30.43, or 0.84%, to 3,589.87.
News For APA;LCC;AAMRQ;CRM;SPLK;KKD;PSUN From The Last 14 Days
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November 19, 2014
13:21 EDTCRMSalesforce.com November 61 straddle priced for 4.5% move into Q3
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09:01 EDTSPLKBig data for security could reach $4B-$5B, says FBR Capital
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08:33 EDTSPLKSplunk November volatility elevated into Q3 and outlook
Splunk November call option implied volatility is at 126, December is at 65, January is at 57; compared to it 26-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q3 on November 20.
November 18, 2014
14:01 EDTPSUNPacific Sunwear names Amber Fredman-Tarshis as Chief Marketing Officer
Pacific Sunwear of California announced the appointment of Amber Fredman-Tarshis as its Senior Vice President and Chief Marketing Officer.
13:36 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
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07:56 EDTCRMSalesforce.com remains a top large cap growth pick at BofA/Merrill
BofA/Merrill reiterates Salesforce.com as a top large cap growth pick for 2014 based on potential for accelerating operating income and TAM of $100B. Shares are Buy rated with a $73 price target.
November 14, 2014
16:26 EDTCRMNasdaq clear leader as major averages end week higher
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13:38 EDTSPLKSplunk November volatility elevated into Q3 and outlook
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09:38 EDTAPAJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
12:03 EDTCRMBlackBerry announces agreement with Salesforce.com
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08:24 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
Salesforce.com November call option implied volatility is at 50, December is at 38, January is at 33; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
November 12, 2014
17:02 EDTCRMSalesforce.com signs agreement to purchase 50 Fremont Street building
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07:59 EDTAPAMitsubishi UFJ to hold a tour
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07:31 EDTAPABofA/Merrill to hold a conference
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November 11, 2014
10:00 EDTSPLKOn The Fly: Analyst Initiation Summary
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07:22 EDTSPLKSplunk initiated with a Neutral at Macquarie
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07:13 EDTSPLKSplunk initiated with a Neutral at Macquarie
November 10, 2014
15:44 EDTSPLKAmazon Web Services to hold a conference
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07:54 EDTCRMChecks on Salesforce.com positive, says Oppenheimer
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07:35 EDTSPLKSplunk volatility increases into Q3 and outlook
Splunk November call option implied volatility is at 92, December is at 65, January is at 57; compared to it 26-week average of 56 according to Track Data, suggesting large price movement into the expected release of Q3 on November 20.
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