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Stock Market & Financial Investment News

News Breaks
March 10, 2014
12:19 EDTCQB, DDD, BA, SSYS, FMC, MONT, MCDOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following disappointing economic data from Asia and a slide in shares of Dow member Boeing (BA). Boeing's drop put immediate pressure on the Dow as soon as trading began and the selling picked up momentum. At its low point of the morning, 29 of the 30 Dow stocks were lower and the index had racked up a triple digit loss. The market improved as the morning progressed, but the major averages all remained in the red as the lunch hour arrived. ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Asia, China unexpectedly posted a trade deficit of about $23B in February as overseas shipments slid 18.1% compared to the same month last year. Also, Japan downwardly revised its estimate of economic growth in the fourth quarter to 0.2% from the government's preliminary 0.3% expansion estimate. COMPANY NEWS: Shares of Boeing (BA) were the Dow Jones Industrial Average's worst performer after The Wall Street Journal reported late Friday that the airplane maker has discovered cracks in some 787 Dreamliner wings which will lead to a delay in the delivery of some aircraft. Boeing led all decliners on the Dow with a nearly 2.5% pullback near noon... Another Dow member, McDonald’s (MCD), was weak early in the session but had recovered to be flat at midday. The world's largest fast-food restaurant company reported that its same-store sales declined 0.3% globally in February, with U.S. comparable sales decreasing 1.4%... FMC Corporation (FMC) jumped more than 5% after announcing plans to separate into two independent public companies. "New FMC" will be comprised of the company's Agricultural Solutions and Health and Nutrition segments, which will be split from FMC's current Minerals segment. Jefferies raised its price target on FMC shares to $95 from $84 after the announcement, which the firm views as an incremental positive. MAJOR MOVERS: Among the notable gainers was Montage Technology (MONT), which surged 20% after the company received a $21.50 per share acquisition proposal from China's state-owned Shanghai Pudong Science and Technology. Also higher was Chiquita Brands (CQB), which rose 12% after agreeing to combine with another fruit company, Ireland's Fyffes, to form a new company that will be 50.7% owned by Chiquita stockholders. Among the noteworthy losers were 3D printer makers 3D Systems (DDD) and Stratasys (SSYS), which fell 5% and 3% respectively after Barron's contended that the stocks in the sector are hyped, don't have much potential, and are overvalued. INDEXES: Near midday, the Dow was down 83.77, or 0.51%, to 16,368.95, the Nasdaq was down 12.87, or 0.3%, to 4,323.35, and the S&P 500 was down 6.55, or 0.35%, to 1,871.49.
News For BA;MCD;FMC;DDD;MONT;SSYS;CQB From The Last 14 Days
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January 23, 2015
09:21 EDTMCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:02 EDTMCDMcDonald's CEO: Our business continues to face meaninful headwinds
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08:02 EDTMCDMcDonald's sees FY15 CapEx $2B
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08:01 EDTMCDMcDonald's CEO: 2014 was a challenging year for McDonald's around the world
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08:00 EDTMCDMcDonald's reports Q4 global comparable sales down 0.9%
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07:59 EDTMCDMcDonald's reports Q4 EPS $1.13, consensus $1.22
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07:30 EDTMCDMcDonald's held accountable for franchisee decisions, sued for racism, WSJ says
Ten former McDonald's employees are suing the company for wrongful termination related to allegedly racist hiring practices in two Virginia locations, reports the Wall Street Journal. The lawsuit tests the implications of the National Labor Relations Board's recent decision to hold McDonald's responsible for franchisee decisions. Reference Link
January 22, 2015
15:32 EDTMCDNotable companies reporting before tomorrow's open
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14:13 EDTMCDMcDonald's technical notes ahead of results
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12:25 EDTMCDEarnings Preview: McDonald's sees 7c-10c hit to Q4 EPS from China supplier issue
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08:20 EDTDDD3D Systems February volatility at low end of historic range
3D Systems February call option implied volatility is at 40, March is at 46; compared to its 26-week average of 47 according to Track Data. Low February option implied volatility suggests decreasing price movement into the expected release of Q4 results in late February.
January 21, 2015
17:27 EDTMCDMcDonald's franchisees expect sales decline, CNBC reports
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12:48 EDTBABoeing exec sees demand for 737 MAX, 777, despite oil slump, Reuters says
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09:19 EDTMCDMcDonald's January volatility elevated into Q4
McDonald's January weekly call option implied volatility is at 48, February is at 25, March is at 21, June at 18; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q4 on January 23.
07:09 EDTDDD, SSYSPiper positive on Stratasys, cautious on 3D Systems after survey
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06:23 EDTBAUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
January 20, 2015
13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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10:15 EDTDDD3D Systems call activity attributed to takeover speculation
3D Systems January weekly 29 and 30 calls are active on total call volume of 8,600 contracts (900 puts) on renewed takeover speculation. January weekly call option implied volatility is at 78, February is at 53, March is at 56; compared to its 26-week average of 47 according to Track Data. Active call volume suggests traders taking positions for price movement.
10:07 EDTDDDRumor: 3D Systems strength attributed to takeover speculation
Shares of 3D Systems are moving higher on speculation the company has hired an investment bank to review a potential sale of the company.
08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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