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Stock Market & Financial Investment News

News Breaks
January 16, 2013
16:31 EDTCROX, GS, BA, GNW, JPM, GDOT, HPQ, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with a strong performance from Nasdaq bellwether Apple (AAPL) leading the average to the days biggest gains, while Boeing (BA) shares weighed on the Dow. JPMorgan (JPM) and Goldman Sachs (GS) began this week's torrent of earnings from the financial sector, with Bank of America (BAC) and Citigroup (C) slated to report tomorrow morning and Morgan Stanley (MS) continuing the march on Friday... ECONOMIC EVENTS: In the U.S., MBA's mortgage applications composite index rose 15.2% for the week. The Consumer Price Index for December was flat, as expected. Industrial production increased 0.3% in December, versus expectations for a rise of 0.2%. That boosted capacity utilization to 78.8% from an upwardly revised 78.7% figure for the prior month. The NAHB's Housing Market Index came in at 47, versus the expected reading of 48. Crude oil inventories drew down by more than expected in the DOE's weekly update. Also, the World Bank lowered it forecast for global GDP growth in 2013 to 2.4% from its prior call for 3% growth... COMPANY NEWS: Boeing shares lost $2.60, or 3.38%, to $74.34 after two Japanese airlines grounded their fleet of 787s. This move was prompted by yesterday's emergency landing of a 787 Dreamliner operated by Japan's All Nippon Airways, which was the latest in a recent string of problems with the new plane... Hewlett-Packard (HPQ) gained 68c, or 4.11%, to $17.21 following afternoon Dow Jones headlines that said the company has received interest for its Autonomy and EDS units. After the report, both CNBC's David Faber and AllThingsD said HP has no plans to sell Autonomy or any other core assets... Before the market opened this morning, financial giants JPMorgan and Goldman Sachs reported earnings, with both banks beating the Street's EPS estimates. JPMorgan also released a report outlining the problems behind last year's "London Whale" losses in its CIO unit and CEO Jamie Dimon's compensation was cut by over 50% by the board. Shares of JPMorgan opened lower, but finished the session up 47c, or 1.01%, to $46.82. Shares of Goldman Sachs added $5.50, or 4.06%, to $141.09 on the day... MAJOR MOVERS: Among the notable gainers was Apple, which rose $20.17, or 4.15%, to $506.09 despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. Also higher were shares of Genworth Financial (GNW), up 72c, or 8.86%, to $8.85 after announcing changes to its mortgage insurance unit. Among the noteworthy losers was Crocs (CROX), down $1.52, or 9.68%, to $14.19 after saying it expects quarterly revenue to be in-line with its previous guidance but calling the holiday season environment "difficult." Also lower were shares of Green Dot (GDOT), which fell $1.16, or 8.08%, to $13.20 after announcing a mobile bank account service called GoBank while shares were downgraded to Reduce with a $10 price target at SunTrust... INDICES: The Dow was down 23.66, or 0.17%, to 13,511.23; the Nasdaq was up 6.76, or 0.22%, to 3,117.54; and the S&P 500 was up 0.29, or 0.02%, to 1,472.63.
News For BA;AAPL;JPM;GS;HPQ;GNW;CROX;GDOT From The Last 14 Days
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April 8, 2014
07:26 EDTJPMElsevier Business Intelligence to hold a conference
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06:46 EDTGSGoldman expects Orban risk as Hungary bonds suffer, Bloomberg says
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06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
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06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
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06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
19:57 EDTJPM, GSFederal Reserve announces extension on some CLOs
The Federal Reserve Board announced that it intends to exercise its authority to give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations, or CLOs, covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule. Section 619 of the Dodd-Frank Act directed the board to adopt rules for the conformance period and the board previously extended the conformance period for all activities and investments by one year to July 21, 2015. To ensure effective compliance, the board intends to grant banking entities two additional one-year extensions, which together would extend until July 21, 2017, to conform their ownership interests in and sponsorship of CLOs to the statute. Publicly traded companies that may be impacted by the announcement include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
16:01 EDTAAPLOptions Update; April 7, 2014
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14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
12:21 EDTBABoeing now sees completing C-17 production in mid-2015
Boeing adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world's premier airlifter.Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013. Boeing expects inventory–related charges of approximately $50M, which will be recorded in Q1, as a result of this announcement.
09:34 EDTAAPLActive equity options trading on open
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08:56 EDTJPMJPMorgan, U.K.'S DFID, CDC to invest $20M combined in Novastar Ventures
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:39 EDTHPQTwo HP executives arrested in Pakistan, WSJ reports
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
06:28 EDTGSGoldman sees opportunity to slice China junk debt after gains, Bloomberg says
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April 6, 2014
18:00 EDTBAU.S. says ending Boeing fighter jet line won't damage suppliers, Reuters says
The Defense Department decided that halting orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes would not jeopardize suppliers for other big weapons programs, says Reuters. Reference Link
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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