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Stock Market & Financial Investment News

News Breaks
March 10, 2014
12:19 EDTBA, MCD, FMC, DDD, MONT, SSYS, CQBOn 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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September 9, 2014
08:09 EDTSSYSStratasys analyst day supports bullish view, says Brean Capital
Brean Capital remains buyers of Stratasys following its analyst day, as the firm sees earnings and revenue guidance supporting the stock and noted management is taking a very disciplined approach to the prospect of adding metals capability to its systems offering. Brean has a Buy rating with a $140 price target on Stratasys.
08:08 EDTSSYSStratasys addressed concerns at Analyst Day, says Pacific Crest
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08:00 EDTMCDMcDonald's: China supplier issue to negatively impact Q3 by 15c-20c
This is largely due to a combination of lost sales, expenses associated with our recovery efforts and the impact of these items on the third quarter tax rate, which is expected to be above the company's outlook for the full-year tax rate of 31-33%.
07:59 EDTMCDMcDonald's CEO: McDonald's global business faced several headwinds
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07:58 EDTMCDMcDonald's reports August global comparable sales down 3.7%
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07:53 EDTSSYSStratasys analyst meeting leads to more bullishness, says UBS
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06:36 EDTSSYSStratasys recent sales momentum sustainable, says Piper Jaffray
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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September 8, 2014
16:18 EDTBAOn The Fly: Closing Wrap
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12:18 EDTBAOn The Fly: Midday Wrap
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09:40 EDTMCDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:35 EDTBARyanair places order for up to 200 Boeing 737 MAX
Ryanair (RYAAY) confirmed an agreement with Boeing (BA) to purchase up to 200 new Boeing 737 MAX 200 aircraft, including 100 firm orders and 100 options. When finalized and all options exercised, this deal will be worth over $22B at current list prices, Ryanair stated, adding that it becomes the lead customer for this new aircraft, which for Ryanair will feature 197 seats and new CFM LEAP-1B engines.
09:33 EDTBARyanair places order for up to 200 Boeing 737 Max
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07:07 EDTCQBChiquita Brands provides update to holders
Chiquita Brands announced that it has postponed the Special Meeting of Shareholders to vote on the proposed transaction with Fyffes to October 3. The meeting had been scheduled for September 17. In addition, Fyffes proposes to seek adjournments of the Court Meeting and EGM convened for September 17 and, subject to any direction of the Irish High Court, to reconvene such meetings for October 3. The company also announced Fyffes has granted Chiquita a waiver that permits Chiquita to engage in discussions with the Cutrale Group and the Safra Group. Accordingly, Chiquita has sent a letter to Cutrale / Safra indicating its willingness to offer to Cutrale / Safra the opportunity to conduct focused due diligence and present its final and best offer. Chiquita does not expect to update the market with any further information unless and until the Board has reached a decision on a definitive course of action. In the interim, Chiquita continues to recommend that its shareholders vote "FOR" the Fyffes transaction and the other proposals on the WHITE proxy card.
06:47 EDTBARyanair to possibly place $10B Boeing order, Reuters says
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06:12 EDTFMCFMC Corporation to host conference call
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05:40 EDTFMCFMC Corporation to acquire Cheminova for $1.8B
FMC Corporation announced that it has signed a definitive agreement to acquire Cheminova A/S, a wholly owned subsidiary of Auriga Industries A/S. Cheminova is a multinational crop protection company based in Denmark. FMC will fund the all-cash acquisition through a mixture of debt and existing cash reserves. The transaction is expected to close in early 2015 and will be accretive to adjusted earnings in the first full year following the acquisition. FMC will modify its previously announced separation plans by pursuing a sale of Alkali Chemicals. Commenting on this decision, Brondeau said, "FMC is committed to its strong balance sheet and a sale of Alkali Chemicals will allow us to de-lever to a point that is appropriate for our business profile. Alkali Chemicals is a well-run, highly profitable and cash generative business, and we are confident it will attract many interested buyers. We expect to complete this sale by mid-2015."
05:38 EDTFMCFMC Corporation to acquire Cheminova for $1.8B
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September 7, 2014
15:29 EDTBABoeing, Ryanair set to make significant fleet announcement, Reuters says
Boeing (BA) CEO Ray Conner and Ryanair (RYAAY) CEO Michael O'Leary are set to announce on Monday a significant purchase by Ryanair of Boeing 737 MAX 8 jetliners, says Reuters. With this order, Boeing will further cement its lead over rival Airbus Group (EADSY) in the order tally so far this year, added Reuters. Reference Link
September 6, 2014
16:51 EDTBABoeing shares could climb 20%
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