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Stock Market & Financial Investment News

News Breaks
January 30, 2013
16:40 EDTMTOR, KMP, HA, CPNO, 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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February 23, 2015
12:21 EDTBAOn The Fly: Midday Wrap
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11:35 EDTAMZNAmazon picks Benson to head advertising for original TV series, Variety says
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11:13 EDTBABoeing falls after Goldman downgrades to Sell, levels to watch
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10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
09:59 EDTBAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:02 EDTENDPAcceptance of NDA for Belbuca triggers $10M milestone payment to BDSI
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09:02 EDTBBRYVerizon to sell BlackBerry Classic for $100, CrackBerry says
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08:45 EDTBIOCBiocept OncoCEE-BR used to determine hormonal status of metastatic breast cancer
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07:31 EDTENDPEndo, BioDelivery Sciences announce acceptance of NDA for Belbuca
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06:51 EDTBAAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
06:19 EDTBABoeing downgraded to Sell from Neutral at Goldman
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February 22, 2015
15:59 EDTENDPValeant to buy Salix for $10.1B, FT says
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February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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09:38 EDTAMZNActive equity options trading on open
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09:17 EDTENDPEndo price target raised to $101 from $86 at Goldman
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08:48 EDTBABoeing price target raised to $196 from $164 at Sterne Agee
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08:21 EDTENDPSummer Street still feels Endo could acquire BioDelivery Sciences
Summer Street reiterated its belief that Endo (ENDP) could acquire BioDelivery Sciences (BDSI), its partner on multiple products. The firm says scripts for BioDelivery's Bunavail continue to trend in the right direction. It reiterates a Buy rating on the stock with a $25 price target.
07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTCHKChesapeake March volatility elevated into Q4 and outlook
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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