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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:20 EDTRCL, RMTI, HUM, PC, PKT, CLX, MOBI, BTH, NUS, ORCL, HLF, APKT, SONSOn The Fly: Pre-market Movers
UP AFTER ACQUISITION: Acme Packet (APKT), up 22.9% after Oracle (ORCL) agrees to acquire company for $29.25 per share. Oracle shares down 1.2% following announcement... ALSO HIGHER: Sonus Networks (SONS), up 10.5%, following Oracle/Acme Packet deal announcement... Procera Networks (PKT), up 2.9%, initiated with a Buy at Needham... Rockwell Medical (RMTI), up 21.7% after stating iron delivery SFP met primary endpoint of trial... BlackBerry (BBRY), up 6% after upgrade to Outperform at Bernstein, first day of trading with new name and ticker... UP AFTER EARNINGS/GUIDANCE: Sky-mobi (MOBI), up 21.5%... Panasonic (PC), up 13.7% after quarterly report and guidance late Friday... Clorox (CLX), up 0.9%... Royal Caribbean (RCL), up 0.8%... DOWN AFTER EARNINGS/GUIDANCE: Humana (HUM), down 0.5%... ALSO LOWER: Herbalife (HLF), down 10.7% after NY Post says company is subject of a law enforcement investigation... Nu Skin (NUS), down 5.5%, Blyth (BTH), down 3.8% following report of probe into Herbalife... Credit Suisse (CS), down 4.2%, initiated with a Hold at Canaccord.
News For APKT;ORCL;SONS;HLF;NUS;BTH;PKT;RMTI;MOBI;PC;RCL;CLX;HUM From The Last 14 Days
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June 22, 2015
06:51 EDTHUMHealth insurer tie-ups could cut competition, WSJ reports
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06:37 EDTHUMHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 21, 2015
16:03 EDTHUMAetna makes offer to acquire Humana, WSJ says
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June 19, 2015
16:24 EDTHUM, ORCLStocks end week higher after Fed reassures on gradual pace of rate increases
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10:09 EDTHUMFly Watch: Supreme Court may release key ACA decision soon
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09:37 EDTORCLActive equity options trading on open
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09:18 EDTHUMHumana most likely target in Managed Care, says FBR Capital
FBR Capital says Humana (HUM) is the most likely acquisition target in the Managed Care space, with Aetna (AET), Anthem (ANTM) and Cigna (CI) as the likely acquirers. The firm believes Anthem would benefit the most from the acquisition of Humana. It also thinks UnitedHealth (UNH) could look to acquire Aetna or Cigna. FBR thinks one or two more large deals in the space are possible.
08:31 EDTORCLFortinet adds Oracle Chief Marketing Officer Judith Sim to board
Fortinet (FTNT) announced that Judith Sim, Chief Marketing Officer at Oracle (ORCL), is joining Fortinet's board, effective June 22.
07:37 EDTHUMSupreme Court decision on ACA suit due soon, says UBS
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June 18, 2015
16:24 EDTORCLOn The Fly: Top stock stories for Thursday
Stocks began the session in positive territory, adding to the late day move yesterday that followed Fed comments about the central bank's plans to raise benchmark interest rates gradually. Today's rally was broad based, as all 10 S&P sectors were in positive ground and the Nasdaq closed at a new all-time high. There were the usual headlines concerning Greece, but for at least one day, the U.S. market was able to ignore the European noise. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states met today, after which Agence France-Presse reported that the talks ended with no deal on Greece. Bloomberg subsequently said that euro leaders plan to hold a summit to discuss Greece this coming Monday. COMPANY NEWS: Shares of Oracle (ORCL) dropped $2.17, or 4.84%, to $42.74 after the enterprise software, hardware and IT services provider reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter... General Motors (GM) announced that Fitch has raised the credit ratings of both GM and GM Financial to investment grade, meaning the corporate credit ratings for GM are now investment grade with all major rating agencies. Meanwhile, Reuters reported, citing several sources familiar with the matter, that the automaker has hired Goldman Sachs (GS) and Morgan Stanley (MS) to advise it as Fiat Chrysler (FCAU) CEO Sergio Marchionne attempts to gain the support of GM investors with the goal of forcing merger discussions with GM's board... Fitness tracker maker Fitbit (FIT) surged 48.4% to close at $29.68 in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, and its closing price gives it a market value near $6B. MAJOR MOVERS: Among the notable gainers was Martha Stewart Living Omnimedia (MSO), which rose $1.35, or 26.27%, to $6.44 after The Wall Street Journal reported the company was nearing a deal to be acquired by Sequential Brands (SQBG), though the Journal said it was unable to learn the terms of the potential deal being discussed. Sequential Brands (SQBG) shares added 12.4% to close at $16.04 following the report. Also higher was Radius Health (RDUS), which gained $7.81, or 15.1%, to $59.54 after the company announced results from the six-month extension study for abaloparatide, its experimental treatment for osteoporosis. Among the noteworthy losers was Bankrate (RATE), which fell $2.60, or 18.77%, to $11.25 and was downgraded to Neutral from Buy at SunTrust after the company's revenue outlook came in well below the consensus forecast. INDEXES: The Dow gained 180.10, or 1%, to 18,115.84, the Nasdaq rose 68.07, or 1.34%, to 5,132.95, and the S&P 500 added 20.80, or 0.99%, to 2,121.24.
15:05 EDTORCLOracle hires David Donatelli to lead Converged Infrastructure
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12:34 EDTORCLOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in positive territory and continued to tack on gains throughout the morning. The move has been broad based, with each of the major averages gaining at least 1%. The move may be reflecting investors feeling a sense of relief following yesterday’s FOMC meeting, after which the central bank repeated its promise to be gradual in raising rates, without specifying when rate "lift-off" will commence. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states are set to meet today, but expectations for progress on Greece are low. Also, the Norwegian central bank cut interest rates to a record low, while the Swiss National Bank kept its deposit rate at record lows as well. In Asia, the Shanghai composite index tumbled 3.7% overnight, doubling its weekly decline to 7.4% and increasing fears that a bubble in the nation's stock market may be preparing to burst. COMPANY NEWS: Shares of enterprise software, hardware and IT services provider Oracle (ORCL) dropped 7% after the company reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter. Analysts at several firms, including Susquehanna, Wells Fargo and Cantor, suggested the post-earnings drop may be a buying opportunity, citing progress in the company's cloud efforts... Fitness tracker maker Fitbit (FIT) surged nearly 50% in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, then opened at $30.40 per share, giving it a market value near $6.3B in early trading. Near noon, the stock had pulled back a bit to trade just below $30 per share. MAJOR MOVERS: Among the notable gainers was PBF Energy (PBF), which gained 18% after announcing that its subsidiary has signed a definitive agreement to purchase Chalmette Refining, a joint venture between affiliates of Petroleos de Venezuela and ExxonMobil (XOM). Also higher was BioMarin (BMRN), which rose 13% after the company reported results from a study of BMN-111 in dwarfism and several analysts hiked their price targets on the stock to reflect the increased probability of success for the drug. Among the noteworthy losers following their earnings reports were Bankrate (RATE), which fell 18%, and Jabil Circuit (JBL), which dropped 7%. INDEXES: Near midday, the Dow was up 218.44, or 1.22%, to 18,154.18, the Nasdaq was up 74.96, or 1.48%, to 5,139.84, and the S&P 500 was up 23.57, or 1.12%, to 2,124.01.
12:04 EDTORCLActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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11:31 EDTHUMOptions with increasing implied volatility
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09:35 EDTORCLActive equity options trading on open
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09:04 EDTORCLOn The Fly: Pre-market Movers
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08:19 EDTORCLOracle weakness a buying opportunity, says Susquehanna
Susquehanna said investors should be buying Oracle on weakness following its missed Q4 results. The firm cited its cloud revenue and bookings, which beat expectations, and the company's guidance for cloud revenue acceleration. Susquehanna reiterated its Positive rating and $50 price target on Oracle shares.
07:51 EDTHUMIncrease in 3R backstop most positive for Humana, says Leerink
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07:29 EDTORCLOracle cloud growth positive over the long-term, says Wells Fargo
After Oracle reported weaker than expected Q4 results, Wells Fargo says that the rapid growth in Oracle's cloud subscriptions is probably pressuring the company's financial results, but that the trend should ultimately improve its results over the longer term. The firm expects estimates for the company's performance over the next two years to be cut, but it keeps an Outperform rating on the shares.
07:05 EDTORCLOracle building strong growth foundation, says Cantor
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