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Stock Market & Financial Investment News

News Breaks
March 15, 2013
08:32 EDTGLUU, TTWO, COOL, ZNGA, THQI, NTDOY, SNE, MSFT, GME, EA, ATVINPD: Physical video game sales down 25% in February, Seattle Times says
U.S. retail sales of physical video games, hardware and accessories fell 25% to $810M in February, according to data from NPD Group, reported The Seattle Times. NPD said hardware sales dropped 36%, software sales slid 27% and accessory sales fell 3%, and also noted physical game products now roughly split the market evenly with digital game sales, the report stated. Reference Link
News For ATVI;EA;GME;MSFT;SNE;NTDOY;THQI;ZNGA;COOL;TTWO;GLUU From The Last 14 Days
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May 15, 2013
13:26 EDTMSFTMicrosoft to grow tablet sales outlets by about 50% in Japan, Nikkei says
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12:12 EDTATVIActivision Blizzard halted share buying talks with Vivendi, Bloomberg reports
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11:50 EDTATVIActivision halted talks on buying back shares from Vivendi, Bloomberg reports
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11:37 EDTMSFTMicrosoft replacing Xbox points with gift cards, currency, The Verge reports
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10:35 EDTZNGAGroupon, Zynga advance after hedge fund reports new stakes
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09:58 EDTZNGAJana Partners reports new stakes in Groupon, Zynga
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07:38 EDTMSFTMicrosoft has numerous potential catalysts, says Stifel
Stifel names the release of Windows 8.1, a stabilization of the PC market, and the launch of Windows devices costing less than $500 as potential catalysts for Microsoft. The firm raised its price target on the shares to $38 from $36 and keeps a Buy rating on the stock.
07:11 EDTSNEJapan's electronic manufacturers under siege, WSJ reports
After a miserable past few years, Japan's once-powerful electronics manufacturers (SNE, SHCAY), already reeling from unprecedented losses stemming from its lost standing in the technology world, are grappling with outside investors and fed-up creditors looking to break the cozy and insular bonds that were once a hallmark of the country's corporate sector, reports the Wall Street Journal.Reference Link
06:08 EDTSNEOn the Fly: Periodicals Wrap-Up
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05:56 EDTSNEStocks with implied volatility movement; SNE DDD
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May 14, 2013
18:50 EDTSNESony options action elevated ahead of Loeb stake, Reuters says
A report from Reuters says that volume in Sony options on Monday, ahead of Tuesday's disclosure by Dan Loeb of a 6.5% stake in the company, traded at more than seven times the average daily volume for the last three months. The report says nearly 10,000 June $19 calls were bought on Monday for 87c on average, calls that were worth $2.20 during today's session. Reference Link
16:23 EDTSNEOn The Fly: Closing Wrap
Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34.
15:36 EDTMSFTMicrosoft confirms Windows 8.1 update scheduled for June 26
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15:19 EDTATVIVivendi weighing options for Activision stake, WSJ reports
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13:21 EDTATVI, GLUU, EA, COOL, THQI, GME, ZNGA, TTWOTake-Two rises after results beat expectations
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12:32 EDTSNEOn The Fly: Midday Wrap
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11:41 EDTTTWOHigh option volume stocks: DANG RLGY JNY TTWO OPTR
10:49 EDTSNEDell accuses optical disk drive makers of price-fixing, Bloomberg says
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10:00 EDTSNESony rises 9.1%
Sony is up 9.1%, or $1.71, to $20.60
09:50 EDTSNESony spikes higher after Loeb's Third Point takes 6.5% stake
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