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Stock Market & Financial Investment News

News Breaks
December 19, 2012
05:57 EDTAXPAmerican Express downgraded to Equal Weight from Overweight at Evercore
News For AXP From The Last 14 Days
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February 19, 2015
12:45 EDTAXPOn The Fly: Midday Wrap
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12:09 EDTAXPAmerican Express confirms intent to appeal federal court ruling
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12:03 EDTAXPAmerican Express antitrust ruling manageable, says Citigroup
Citigroup believes American Express' loss in its antitrust suit brought by the DOJ is not as bad as it appears and should be manageable, noting that the company is appealing and that the judge appears to have given the company some wiggle room to reach a compromise. The firm maintains its Buy rating on the stock.
11:00 EDTAXPAmerican Express plans to appeal antitrust ruling, CNBC reports
American Express stated to CNBC that the company is "disappointed" with a court decision in an antitrust matter and plans to file an appeal. "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks. We continue to believe that the Department of Justice's arguments are flawed and believe we should prevail on appeal," American Express stated. Reference Link
10:22 EDTAXPAmerican Express down 2% after district court ruling on antitrust laws
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10:12 EDTAXPAmerican Express directed to submit proposed remedy to antitrust concerns
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February 18, 2015
09:37 EDTAXPOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
February 17, 2015
12:08 EDTAXPAmerican Express reports January write-off rate 1.4% vs. 1.3% last month
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10:00 EDTAXPOn The Fly: Analyst Downgrade Summary
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09:40 EDTAXPActive equity options trading on open
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06:34 EDTAXPAmerican Express downgraded to Neutral from Buy at Guggenheim
04:40 EDTAXPStocks with implied volatility movement; AXP GDP
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February 13, 2015
16:35 EDTAXPS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
16:21 EDTAXPJetBlue said to drop American Express in favor of MasterCard, Bloomberg reports
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10:57 EDTAXPAmerican Express slips lower, active topping pattern
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10:00 EDTAXPOn The Fly: Analyst Downgrade Summary
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07:20 EDTAXPAmerican Express downgraded to Underperform from Buy at BofA/Merrill
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07:17 EDTAXPAmerican Express price target lowered to $85 from $90 at JPMorgan
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06:19 EDTAXPAmerican Express share weakness may persist near-term, says Citigroup
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05:06 EDTAXPStocks with implied volatility movement; AXP EXPE
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