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Stock Market & Financial Investment News

News Breaks
January 17, 2014
07:30 EDTINTC, AXP, MS, GEFutures slightly above fair value
U.S. equity futures are pointing to a slightly higher open as investors digest earnings reports from some of the countryís largest financial corporations. American Express (AXP), General Electric (GE) and Morgan Stanley (MS),reported fourth quarter results, along with tech giant Intel (INTC). Investors will also be watching the dayís economic releases which include data on housing starts, building permits, industrial production and capacity utilization, along with the University of Michigan's consumer confidence index.
News For AXP;GE;MS;INTC From The Last 14 Days
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April 9, 2015
10:49 EDTINTCAltera was offered $54 per share before turning down Intel, Bloomberg says
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09:36 EDTINTCActive equity options trading on open
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09:26 EDTINTCIntel falls after ending Altera talks, levels to watch
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09:06 EDTINTCIntel ends talks to acquire Altera, CNBC's Faber reports
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09:02 EDTINTCAltera talks ended with Intel, CNBC's Faber says
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05:44 EDTINTCIntel sales, margins could bottom in March quarter, says Wells Fargo
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April 8, 2015
20:17 EDTINTCAppeals court questions Google in patent dispute with Microsoft, Reuters says
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17:25 EDTGECourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial courtís judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
09:38 EDTAXPAmerican Express upgraded to Sector Perform from Underperform at Portales
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09:13 EDTGEElectrolux sees GE Appliances deal closing in 2015
Electrolux (ELUXY) announced that results for the business area Major Appliances North America will be significantly lower than anticipated in Q1. Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers. This transition is a consequence of the new energy requirements imposed during the second half of 2014. Earnings are also affected by the ramp up of the cooking plant in Memphis, which has been slower than anticipated. Results for the business area in the first quarter 2015 will therefore be negative. A program to restore profitability and increase efficiency is under way. It will require most of 2015 before these actions will show full effect. The preparation work for the integration of GE Appliances (GE) is progressing well and Electrolux remains confident that the transaction will be closed in 2015. During the integration planning, additional synergies of $50M have been identified, in excess of the previously communicated $300M. Total cost synergies are now estimated to $350M.
06:30 EDTAXPCapital One remains top card issuer pick at Citigroup
In its preview of Q1 results, Citigroup says Capital One (COF) remains its top pick among the card issuers given the company's "strong" card loan growth, capital return and "reasonable" valuation. Citi keeps a Buy rating on the stock with a $95 price target. The firm continues to see a "modestly" improving U.S. consumer, and also has Buy ratings on American Express (AXP), Discover (DFS), MasterCard (MA), Synchrony Financial (SYF) and Visa (V). Citi thinks investor sentiment has become more negative for card issuers around provisioning for loan growth with the group posting mixed stock performance thus far in 2015.
April 7, 2015
19:54 EDTAXPCisco, American Express invest in mobile wallet startup, Economic Times says
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11:02 EDTAXPAmerican Express slips after analyst, columnist highlight challenges
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10:05 EDTAXPOn The Fly: Analyst Downgrade Summary
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09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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09:23 EDTAXPOn The Fly: Pre-market Movers
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08:11 EDTMSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
07:51 EDTAXPAmerican Express downgraded at Oppenheimer
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07:16 EDTAXPRising competition may make AmEx targets hard to achieve, WSJ says
Though American Express recently reaffirmed its long-term targets for growing revenue 8% per year or better and earnings per share by 12%-15% per year while increasing operating expenses by less than 3% per year, there are good reasons to be skeptical about its ability to hit those targets, according to The Wall Street Journal's "Heard on the Street" column. Competition from peer Visa (V) as well as big banks such as Citi (C) and Bank of America (BAC) may put pressure on AmExís margins and it is not safe to assume that the company will always fare as well on the Fed's stress tests as it just did, the report stated. Reference Link
06:36 EDTAXPAmerican Express downgraded to Underperform from Perform at Oppenheimer
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