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Stock Market & Financial Investment News

News Breaks
January 30, 2013
12:34 EDTKMP, CHK, BBRY, CODE, CPNO, NOC, RIMM, MTOR, BIOC, LLL, BAOn 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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November 13, 2014
12:52 EDTBABoeing reports 90 new orders since last update
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12:29 EDTBBRYCitron Research says confident in $15 target for BlackBerry
Citron Research stated on Twitter: "All systems a go for Mr. Chen. New deal with Samsung makes Citron feel confident about our near term $15 target [on BlackBerry.] New 52 week high" Reference Link
12:04 EDTBBRYBlackBerry announces strategic partnership with Samsung
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12:03 EDTBBRYBlackBerry announces agreement with Salesforce.com
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12:01 EDTBBRYBlackBerry announces partnership with Brightstar
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11:00 EDTBBRYStocks with call strike movement; ARCP BBRY
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10:01 EDTMTOROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
07:12 EDTBAOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
06:42 EDTMTORMeritor downgraded to Neutral from Overweight at Piper Jaffray
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November 12, 2014
12:00 EDTBBRYBlackBerry to host investor day
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11:37 EDTBIOCBiocept rises after announcing launch of lung cancer offering
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11:03 EDTNOCNorthrop Grumman awarded $306M contract from DoD
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09:21 EDTMTOROn The Fly: Pre-market Movers
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08:09 EDTMTORMeritor sees FY15 adjusted EPS $1.20-$1.30, consensus $1.01
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08:08 EDTMTORMeritor reports Q4 Commercial Truck & Industrial sales $729M
Reports Q4 Aftermarket & Trailer segment sales $240M.
08:08 EDTMTORMeritor reports Q4 adjusted EPS 35c, consensus 14c
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08:05 EDTLLL, NOCGoldman to hold a conference
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07:31 EDTCHKBofA/Merrill to hold a conference
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07:10 EDTBAFly Leasing to sell 8 Boeing 757 aircraft
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07:04 EDTCODESpansion licenses ARM's Cortex-M7 processor
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