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Stock Market & Financial Investment News

News Breaks
January 30, 2013
16:40 EDTHA, CPNO, MTOR, KMP, CHK, AMZN, BIOC, BBRY, BA, ENDP, RIMMOn The Fly: Closing Wrap
Stocks on Wall Street were lower after GDP unexpectedly contracted last quarter and the Federal Reserve said it would continue its current program of quantitative easing. Following the Fed's FOMC commentary, which had been widely anticipated, the markets moved lower, though the reaction was modest and delayed... ECONOMIC EVENTS: In the U.S., the Commerce Department said gross domestic product shrunk at a 0.1% annual rate in Q4, far short of the analyst forecast for 1.1% growth. The Federal Open Market Committee announced it would keep benchmark interest rates between 0%-0.25%, reiterating that these rates will likely remain unchanged while unemployment remains about 6.5%. The Fed also said it would continue purchasing $40B in mortgage-backed securities per month, as well as continue monthly purchases of $45B in Treasury securities... COMPANY NEWS: Boeing (BA) gained 94c, or 1.28% to $74.59 and led the Dow after its better-than-expected earnings and forecast for the upcoming year reassured investors. The company also said 787 production continues, though 787 deliveries are suspended until the FAA gives clearance... Amazon.com (AMZN) reported earnings and revenue that missed consensus and guided to revenue next quarter that missed expectations as well, but numerous firms raised their price targets on shares, which rose $12.41, or 4.77% to $272.76. The company's margin expansion and expected operating leverage was widely attributed for the move higher... Research In Motion (RIMM), in addition to unveiling two new smartphones and its new BlackBerry 10 operating system, announced it will change its corporate name to "BlackBerry" and Nasdaq ticker to "BBRY". Shares of RIM, which have nearly doubled in the last quarter, slid $1.88, or 12.01%, to $13.78 after the OS introduction event... Chesapeake Energy (CHK) announced last night that CEO Aubrey McClendon would retire from the company April 1. McClendon had been under pressure from the company's board after reports regarding his finances, though the board said its review has not revealed any improper conduct by McClendon. Shares of Chesapeake, which opened sharply higher, finished up $1.14, or 6.01%, to $20.11... MAJOR MOVERS: Among notable gainers were shares of Endo Health Solutions (ENDP), which rose $3.08, or 10.78%, to $31.66 after a Reuters report said the company is in talks with potential buyers. Other gainers included BioClinica (BIOC), up $1.17, or 19.37%, to $7.21 after agreeing to be acquired by JLL Partners for $7.25 a share, and Copano Energy (CPNO), up $4.90, or 14.79%, to $38.03 after being acquired by Kinder Morgan Energy (KMP) in a unit for unit transaction. Among noteworthy losers were Meritor (MTOR), down 67c, or 12.52%, to $4.68, after its Q1 report missed estimates and the company cuts its FY13 revenue view. Also lower was Hawaiian Holdings (HA), down 85c, or 13%, to $5.69, after its Q4 report missed consensus estimates and shares were downgraded to Hold at Deutsche Bank... INDICES: The Dow was down 44.00, or 0.32%, to 13,910.42; the Nasdaq was down 11.35, or 0.36%, to 3,142.31; and the S&P 500 was down 5.88, or 0.39%, to 1,501.96.
News For BA;AMZN;RIMM;BBRY;CHK;ENDP;BIOC;CPNO;KMP;MTOR;HA From The Last 14 Days
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August 17, 2015
11:10 EDTAMZNAmazon's Jay Carney defends company, CBS News reports
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09:56 EDTAMZNLiberty Interactive CEO says to stay 'far away' from Amazon's business model
07:39 EDTBBRYTMC to hold a conference
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06:21 EDTAMZNAmazon's Bezos "doesn't recognize" NYT's Amazon, Re/code reports
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06:13 EDTAMZNAmazon's uses harsh workplace practices to reach creative goals, NYT says
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06:09 EDTAMZNAmazon CEO hails U.K.'s approach to drones, FT reports
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August 16, 2015
17:34 EDTKMPKinder Morgan to settle pipeline payout case for $27.5M, Bloomberg says
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August 14, 2015
16:00 EDTAMZNOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
15:33 EDTENDPEndo confirms court ruling upholding OPANA ER intellectual property
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14:17 EDTENDPEndo jumps 2% after Bloomberg says successful in Opana patent challenge
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14:15 EDTENDPEndo successful in blocking Opana generic until 2023, Bloomberg reports
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10:53 EDTBAAvolon delivers one Boeing 737-800 to Lion Air
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10:02 EDTMTOROn The Fly: Analyst Upgrade Summary
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07:52 EDTMTORMeritor upgraded to Buy at Longbow
As previously reported, Longbow upgraded Meritor to Buy from Neutral with a $17 price target. The firm believes Meritor can deliver faster earnings growth than peers through new business wins, DTNA market share recapture, and margin initiatives. Additionally, Lonbgow expects additional market share gains and buybacks to drive upside to numbers.
07:03 EDTCHKCrude price slide has oil firms turning to private equity, Reuters reports
Another drop in crude oil prices has oil companies returning calls from potential buyers, Reuters reports. Oil firms may start relying on capital markets investors betting on a quick recovery in prices, the report says. "It didn't solve people's problems, so now when you roll to 2016 ...there will be an opportunity for private equity-backed companies with plenty of capital in place to go out and start buying," said Carl Tricolo, managing partner at private equity fund Denham Capital, in the report. Publicly traded companies in the space include Chesapeake Energy (CHK), American Electric Power Company (AEP), and Linn Energy (LINE). Reference Link
06:34 EDTMTORMeritor upgraded to Buy from Neutral at Longbow
August 13, 2015
16:00 EDTAMZNOptions Update; August 13, 2015
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12:02 EDTBABoeing names Duke Energy CEO Lynn Good to board of directors
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08:11 EDTAMZNAmazon leads $8M funding round in Clique Media, Business Insider reports
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07:50 EDTAMZNAmazon.com stock could outperform for extended period, says Stifel
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