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Stock Market & Financial Investment News

News Breaks
January 16, 2013
12:25 EDTBA, JPM, GS, AAPL, CBK, GNW, CMG, CROXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with new worries for Boeing (BA) weighing on its shares and in turn the Dow. The earnings season began in earnest today with some of the country’s largest financial institutions reporting fourth quarter results, including JPMorgan (JPM), Goldman Sachs (GS) and U.S. Bancorp (USB). Still to come this week are Bank of America (BAC) and Citigroup (C), set to report tomorrow, and Morgan Stanley (MS), scheduled to release results 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 slid over 3% and dragged on the Dow Jones Industrial Average 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... JPMorgan (JPM) reported earnings that beat expectations, but shares moved up only fractionally. The company notably also released its report on the "London Whale" losses at its CIO unit and cut CEO Jamie Dimon's compensation following that scandal. Another major financial company, Goldman Sachs (GS), beat expectations more resoundingly and shares rose more dramatically, up about 3% near noon... MAJOR MOVERS: Among the notable gainers were Genworth Financial (GNW), up 9% after announcing changes to its mortgage insurance unit, and Christopher & Banks (CBK), up nearly 14% after raising its Q4 same-store sales view. Also higher were shares of Apple (AAPL), which rose 3.6% to retake the $500 level despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. Among the noteworthy losers were Crocs (CROX), down over 7% after saying it expects quarterly revenue to be in-line with its previous guidance, and Chipotle Mexican Grill (CMG), down nearly 6% after guiding to Q4 earnings below consensus due to higher food costs... INDICES: Near noon, the Dow was down 23.65, or 0.17%, to 13,511.24; the Nasdaq was up 6.75, or 0.22%, to 3,117.53; and the S&P 500 was down 0.68, or 0.05%, to 1,471.66.
News For BA;JPM;GS;AAPL;CBK;GNW;CMG;CROX From The Last 14 Days
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September 7, 2014
14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
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September 6, 2014
16:51 EDTBABoeing shares could climb 20%
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September 5, 2014
16:45 EDTAAPLMarket ends week little changed after mixed economic data
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16:01 EDTAAPLOptions Update; September 5, 2014
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14:41 EDTBABoeing set to win $11B deal for max jets from Ryanair, Bloomberg says
12:03 EDTAAPLAvago climbs after Citi predicts surge in iPhone components
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11:32 EDTAAPLApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
09:06 EDTGS, JPMCFTC concerned about banks shifting trading operations overseas, WSJ says
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08:31 EDTBARyanair furthering discussions for possible $10B Boeing deal, Reuters says
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08:22 EDTAAPLNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:30 EDTAAPLApple iWallet would be positive for payment networks, says JPMorgan
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07:26 EDTJPM, AAPLApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
07:05 EDTAAPLApple shares could work going forward, says RBC Capital
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06:40 EDTBACanada to presumably purchase fighter jets from U.S. firms, Reuters says
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06:29 EDTAAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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06:27 EDTJPMHealthCare.gov insurance site breached by hacker in July, WSJ reports
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06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
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06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
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