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Stock Market & Financial Investment News

News Breaks
January 16, 2013
12:25 EDTGNW, GS, CROX, CBK, JPM, CMG, AAPL, BAOn 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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August 21, 2015
13:50 EDTAAPLOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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12:49 EDTAAPLReport: Apple may be working on smart bands for Watch, Apple Insider says
Apple may be working on "smart bands" for the Apple Watch product in order to add more health tracking functions, reports Apple Insider, citing Czech website Letem Svetem Applem. Citing unnamed sources, the Czech website said Apple is planning to announce new bands that will connect the hidden port of the Apple Watch and add functionality to the device. The smart bands could launch as early as 2016. Reference Link
12:43 EDTAAPLJim Chanos says still long Apple, short HP
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10:23 EDTAAPLApple falls, levels to watch
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09:34 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
08:40 EDTJPMCanadian Security Traders Association to hold a conference
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08:11 EDTAAPLDaimler AG could collaborate with Google, Apple, Reuters says
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06:07 EDTBABoeing, GKN grapple to produce critical component for 737 Max, WSJ reports
Boeing (BA) and GKN PLC (GKNLY), a key supplier, are grappling to produce a critical component for the updated version of its 737 jet, The Wall Street Journal reports. Boeing has plans to quickly boost production of the 737 Max, but difficulty consistently manufacturing part of the engine thrust reverser, industry executives and engineers are concerned that a shortage of the part could derail Boeing's ambitious plans, the report says. Reference Link
06:01 EDTAAPLABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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August 20, 2015
16:00 EDTAAPLOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
12:24 EDTAAPLVIX methodology for Apple up 12% to 33.29
12:05 EDTBABoeing reports eight new orders in weekly update
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10:22 EDTAAPLApple falls, levels to watch
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09:36 EDTAAPLActive equity options trading on open
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09:03 EDTJPMJPMorgan appoints General Ray Odierno as senior advisor
JPMorgan Chase & Co. announced the appointment of retired four-star General Raymond T. Odierno, former Chief of Staff of the U.S. Army, to a senior advisory capacity at the firm, effective September 1.
08:45 EDTAAPLApple iPhone 6S may not pressure gross margins, says Bernstein
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06:13 EDTAAPLApple's Australian bonds raise $1.2B within two hours, SMH reports
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06:07 EDTGSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
06:07 EDTAAPLApple's 12.9-inch iPad to feature displays from Sharp, DigiTimes reports
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05:47 EDTBABoeing says Qantas intends to purchase eight 787-9 Dreamliners
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