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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
Check below for free stories on APA;LCC;AAMRQ;CRM;SPLK;KKD;PSUN the last two weeks.
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April 11, 2014
09:14 EDTAAMRQCRT Capital's analyst holds an analyst/industry conference call
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08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
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April 10, 2014
09:32 EDTKKDKrispy Kreme weakness creates buying opportunity, says Roth Capital
Roth Capital expects Krispy Kreme to benefit from store expansion and increased store margins. The firm expects the company's EPs to grow at an average rate of 25%.
09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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April 9, 2014
10:06 EDTAPAOn The Fly: Analyst Downgrade Summary
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06:55 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank
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06:01 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank
April 8, 2014
12:53 EDTSPLKSplunk volatility increases as shares trend to four-month low
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11:22 EDTSPLKOptions with increasing implied volatility: CYTK NSR NOW ETFC SPLK
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11:12 EDTCRMFirm recommends buying tech stocks after declines
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10:28 EDTSPLKHigh option volume stocks: GIMO SOCL SPLK NOK CSOD
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08:18 EDTCRMDeclines in high growth IT stocks create opportunities, says Pacific Crest
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April 7, 2014
10:10 EDTSPLK, CRMAnalyst sees 'golden' opportunity after software stocks decline
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08:49 EDTSPLK, CRMFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
April 3, 2014
10:00 EDTSPLKOn The Fly: Analyst Upgrade Summary
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08:59 EDTSPLK, SPLKSplunk upgraded to Outperform from Underperform at CLSA
CLSA upgraded Splunk due to valuation. Price target is $80.
07:23 EDTCRMWells Fargo to hold a summit
4th Annual Tech Transformation Summit is being held in San Francisco on April 2-3 with webcasted company presentations to begin on April 3 at 11 am; not all company presentations may be webcasted.Webcast Link
April 2, 2014
16:13 EDTCRMSalesforce.com announces new industries strategy
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08:41 EDTCRMPacific Crest to hold a forum
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