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Stock Market & Financial Investment News

News Breaks
January 11, 2013
14:39 EDTBA, FB, WFC, AAMarket set to finish week higher as China trade data lifts shares
Stocks are set to finish slightly higher for the week after stronger than expected Chinese trade data made investors more optimistic about the outlook for the global economy... MACRO NEWS: China reported that its imports and exports for December increased more than expected. Inflation in China, however, also rose more than expected last month, leading to concerns that increasing prices may limit the government's ability to stimulate the economy... Here in the U.S. new jobless claims were slightly higher than expected... President Obama nominated Jack Lew, his current chief of staff, as Treasury secretary. A former budget director and longtime civil servant, Lew's nomination was criticized by some Republicans... COMPANY NEWS: Boeing (BA) and the FAA launched a joint review of the company's 787 aircraft after several of the planes experienced problems this week... Facebook's (FB) stock rallied after the company on Wednesday issued invitations to journalists for a press conference next week. The company didn't disclose what it plans to announce at the press conference, but some on the Street speculated that the company could unveil a smartphone or an improved search engine... Wells Fargo (WFC) announced slightly stronger than expected Q4 results but shares declined following its report... Alcoa (AA) reported in-line fourth quarter EPS, but higher than expected revenue. The company also said that it expects global aluminum demand to jump 7% in 2013.
News For BA;FB;WFC;AA From The Last 14 Days
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May 20, 2013
11:49 EDTWFCWells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
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11:25 EDTBABoeing volatility at low end of historic range as shares at record high
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10:52 EDTFBFacebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25.
07:58 EDTAABofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am.
07:20 EDTBABoeing price target raised to $105 from $98 at JPMorgan
JPMorgan raised its price target for Boeing citing expectations for higher 787 profitability and keeps an Overweight rating on the stock.
07:16 EDTBABoeing price target raised to $115 from $100 at Stifel
Stifel increased its price target on Boeing, citing several factors including resumption of 787 deliveries and production work on 787-9, improved margins, and better than expected results from its defense business. The firm keeps a Buy rating on the stock.
07:00 EDTFBNew Facebook projects probably won't bear fruit soon, AllThingsD says
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05:46 EDTBABoeing look to improve more Dreamliner systems, WSJ reports
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May 19, 2013
17:10 EDTFBFacebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link
May 17, 2013
10:09 EDTBABoeing to host investor meeting
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06:51 EDTFBFacebook volatility at low end of historic range
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06:36 EDTFBGoogle to add new apps to Google Glass, NY Times says
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May 16, 2013
11:18 EDTAAAlcoa postponing construction of new potline at its Baie-Comeau smelter
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11:08 EDTBABoeing announces 115 new 737 orders in weekly update
Boeing on its website announced 115 new orders in its weekly update consisting of 35 737s for Southwest Airlines, 70 737s for Turkish Airlines, and 10 737s for WestJet. In the changes category, Boeing reduced 737 net orders by 30.
08:33 EDTWFCBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
06:41 EDTWFCBig banks to benefit from U.S. concession on derivatives, NY Times says
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06:20 EDTBABoeing price target raised to $112 from $105 at Citigroup
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05:59 EDTFBHigh tech firms involved in immigration battle, WSJ reports
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05:57 EDTFBFacebook implied volatility at lower end of index mean range
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May 15, 2013
17:53 EDTWFCWells Fargo confirms reinstatement of $203M judgment in overdraft case
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