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Stock Market & Financial Investment News

News Breaks
January 30, 2013
12:34 EDTCODE, CPNO, NOC, RIMM, MTOR, BIOC, LLL, BA, KMP, CHK, BBRYOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a surprising report that showed gross domestic product contracted in the fourth quarter of 2012. The averages have remained in a narrow trading range right around the flat line ahead of the FOMC statement expected this afternoon... ECONOMIC EVENTS: In the U.S., the Commerce Department said gross domestic product shrunk at a 0.1% annual rate in Q4, far short of the analyst forecast for 1.1% growth. The weak preliminary result, which was attributed to a plunge in inventories and defense spending, may be revised in the months ahead, but if it stays in negative territory Q4 would mark the first U.S. economic contraction since Q2 of 2009. The Federal Open Market Committee decision later today may be market moving, though analysts generally expect no change to rates or policy... COMPANY NEWS: Boeing (BA) led the Dow with a gain of over 1% after its better-than-expected earnings and forecast for the upcoming year reassured investors. The company also said 787 production continues, though 787 deliveries are suspended until the FAA gives clearance. Among other companies in the Aerospace & Defense industry also reporting this morning, L-3 Communications (LLL) and Northrop Grumman (NOC) advanced as well... Research In Motion (RIMM), in addition to unveiling two new smartphones and its new BlackBerry 10 operating system, announced it will change its corporate name to "BlackBerry" and Nasdaq ticker to "BBRY". Investors certainly appeared to "sell the news" as shares, which had been up early in the session, slid during the launch event and were down nearly 8% near noon... MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 6% after the company announced last night that its controversial CEO, Aubrey McClendon, would retire on April 1. Other gainers included two companies being acquired: BioClinica (BIOC), advanced 19% after agreeing to be acquired by JLL Partners for $7.25 a share, while Copano Energy (CPNO) gained 14% after being acquired by Kinder Morgan Energy (KMP) in a unit for unit transaction. Kinder Morgan shares slid over 2% after the deal announcement. Among the other noteworthy losers were Meritor (MTOR), down nearly 16%, and Spansion (CODE), which fell 12% after their earnings reports... INDICES: Near noon, the Dow was down 17.82, or 0.13%, to 13,936.60; the Nasdaq was down 1.54, or 0.05%, to 3,152.12; and the S&P 500 was down 2.92, or 0.19%, to 1,504.92.
News For BA;RIMM;BBRY;LLL;NOC;CHK;BIOC;CPNO;KMP;MTOR;CODE From The Last 14 Days
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December 8, 2014
10:20 EDTCODEOptions with decreasing implied volatility
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05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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December 5, 2014
16:52 EDTCODEDow just below 18K as market finishes week with gains
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10:40 EDTCODEOptions with decreasing implied volatility
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10:18 EDTBBRYBlackBerry calls active on renewed takeover chatter
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10:00 EDTCODEOn The Fly: Analyst Downgrade Summary
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10:00 EDTNOCOn The Fly: Analyst Upgrade Summary
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09:44 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
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07:55 EDTNOCNorthrop Grumman upgraded at Bernstein
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06:54 EDTNOCNorthrop Grumman upgraded to Outperform from Market Perform at Bernstein
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06:49 EDTCODESpansion downgraded to Neutral from Buy at Sterne Agee
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06:40 EDTNOCNorthrop Grumman upgraded to Conviction Buy from Buy at Goldman
Goldman added Northrop to the Conviction Buy List to reflect strength in its largest program, JSF, favorable macro exposures that include a bottoming in the U.S. defense budget, and strong free cash flow. Price target raised to $165 from $163.
December 4, 2014
16:19 EDTNOCNorthrop Grumman announces new $3B share repurchase authorization
Northrop Grumman announced that its board as authorized an additional $3B for the repurchase of the company's common stock.
16:18 EDTNOCNorthrop Grumman announces new $3B share repurchase authorization
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16:06 EDTLLLL-3 Communications authorizes new $1.5B share repurchase program
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12:46 EDTBBRYBlackBerry CEO says Western nations would block China offer, Bloomberg says
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11:31 EDTMTORSypris Solutions, Meritor expand strategic relationship
Sypris Technologies, a subsidiary of Sypris Solutions (SYPR), announced that it has entered into an agreement to extend and expand its long-term supply relationship with Meritor (MTOR) to provide drivetrain components for its drive axle and trailer axle assembly operations in North America. The arrangement extends two existing supply contracts, as well as adds new products and services. Components for these agreements are produced at Syprisí operations located in Louisville, Kentucky and Morganton, North Carolina. Terms of the agreements were not disclosed.
December 3, 2014
09:14 EDTBABoeing likely to increase annual dividend by 15%+, says Sterne Agee
Sterne Agee predicts that Boeing will increase its annual dividend by 15%+ and expand its current $10B share buyback authorization. The firm adds, however, that its checks indicate that the company delivered only seven 787 planes last month, meaning that it must deliver 13 of the planes in December to meet its 2014 guidance of about 110 deliveries. The firm keeps a Buy rating on the shares.
05:36 EDTBABoeing, Lockheed to lose if U.S. bans Russian rockets, WSJ reports
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05:28 EDTBAU.S., Russia tensions impacting space alliance, WSJ reports
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