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News Breaks | | | | November 7, 2012 | | 16:52 EDT |  | BA, PLXS, QLTY, PKT, AAPL, VHC, BTU, ANR, HMA, THC, JNPR | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower on the day, after last night's re-election of Barack Obama lead to an early sell-off that did not let up. After receiving clarity on the White House, attention on the Street turned to the looming fiscal cliff. An intra-day announcement by Boeing (BA) of cuts to its defense division heightened fears that a deal would not be reached by legislators before the scheduled budget cuts take effect... ECONOMIC EVENTS: In the U.S., President Obama was re-elected and Congress remains split, with Republicans keeping control of the House of Representatives and Democrats maintaining their majority in the Senate. House Speaker John Boehner stated in a speech late in the day that Republicans are “willing to accept new revenue” to reach a compromise that averts the approaching fiscal cliff. U.S. consumer credit climbed $11.4B in September, a slightly higher number than was expected. In Europe, the European Commission lowered its 2013 growth forecast for the region's economy to 0.1% from a prior call for 1% growth. Also, German industrial production fell 1.8% in September from the prior month, which was worse than forecast... COMPANY NEWS: Boeing announced that it will cut executive positions in its Defense, Space & Security unit, and a report said it also plans to close facilities and restructure several business units. Shares of Boeing were down $1.47, or 2.05%, to $70.11... Following the re-election of President Obama, hospital stocks were among the few stocks that advanced on the day, notably shares of Tenet Healthcare (THC), up $2.39, or 9.58%, to $27.34 and Health Management Associates (HMA), up 56c, or 7.25%, to $8.28... Amongst the broader market slide, coal stocks Alpha Natural Resources (ANR) and Peabody Energy (BTU) both fell sharply after enjoying a run-up through October heading into the election... MAJOR MOVERS: Among the notable gainers was VirnetX (VHC), up $7.32, or 27.84%, to $33.61 after a jury awarded the company over $368M in a patent verdict against Apple (AAPL). Also trading higher were shares of Procera Networks (PKT), up $2.95, or 14.54%, to $23.24, after the company's Q3 earnings beat consensus estimates and the company reiterated its FY12 revenue view. Among noteworthy losers was Quality Distribution (QLTY), down $2.92, or 33.95%, to $5.68 after the company's Q3 earnings missed consensus estimates and the stock was downgraded at SunTrust and JPMorgan. Also lower were shares of Plexus (PLXS), down $7.45, or 26.65%, to $20.51 after the company announced Juniper (JNPR) had dropped it as a supplier... INDICES: The Dow lost 312.95, or 2.36%, to 12,932.73; the Nasdaq fell 74.64, or 2.48%, to 2,937.29; and the S&P 500 dropped 33.86, or 2.37%, to 1,394.53. | |
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News For BA;THC;HMA;ANR;BTU;VHC;AAPL;PKT;QLTY;PLXS;JNPR From The Last 14 Days Check below for free stories on BA;THC;HMA;ANR;BTU;VHC;AAPL;PKT;QLTY;PLXS;JNPR the last two weeks. |
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| June 17, 2013 | | 17:34 EDT |  | BA | Boeing awarded $3.41B U.S. Army contract
 Subscribe for More Information | | | 16:00 EDT |  | AAPL | Options Update; June 17, 2013
Subscribe for More Information | | | 11:31 EDT |  | AAPL | Huawei to unveil new phone to compete with Galaxy, iPhone, WSJ says
Huawei Technologies will launch it's flagship smartphone, the Ascent P6, in the company's first stand-alone global product launch, creating even more competition in the crowded premium smartphone space dominated by Samsung (SSNLF) and Apple (AAPL), reported The Wall Street Journal. Reference Link | | | 11:18 EDT | | AAPL | Samsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link | | | 11:15 EDT | | AAPL | Samsung Jay-Z give-away could help in fight with Apple, WSJ says
Subscribe for More Information | | | 10:55 EDT | | BA | UTC Aerospace Systems signs Boeing 787 service agreement with ST Aerospace
Subscribe for More Information | | | 10:10 EDT |  | HMA | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 09:40 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG CLF TSLA CRM. | | | 08:06 EDT |  | HMA | Health Management price target raised to $16-$24 from $13.50-$16 at Wells Fargo
Wells Fargo increased its price target on Health Management (HMA) to reflect what it thinks would be the upper end of the range that an acquirer of the company would be willing to pay. The firm believes that the stock's recent appreciation indicates that a deal has become more likely, and it keeps an Outperform rating on the shares. | | | 07:11 EDT | | AAPL | Apple received nearly 5,000 data requests in six months, Reuters reports
Subscribe for More Information | | | | 06:48 EDT | | BA | Boeing says doubts about Dreamliner safety to linger for awhile, NY Times says
Boeing expects doubts about the safety of its 787 Dreamliner jet to linger for at least several more months, Raymond Conner, chief executive of Boeing’s civil aircraft division said yesterday, according to The New York Times. The problems with the Dreamliner's lithium batteries, however, have not slowed the development of other Boeing planes, including a revamped version of its popular 777 wide-body, Conner stated, the newspaper added. Reference Link | | | 06:42 EDT | | HMA | Health Management downgraded to Neutral from Buy at Mizuho
Subscribe for More Information | | | 06:39 EDT | | BA | Boeing, GE commit to ten 787-10X Dreamliners
Subscribe for More Information | | | 06:28 EDT | | BA | Boeing, Qatar Airways announce agreement worth up to $2.8B for nine 777-300ERs
Subscribe for More Information | | | 06:26 EDT | | BA | Skymark Airlines intends to select 737 MAX for fleet renewal program
Subscribe for More Information | | | 06:14 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 06:12 EDT | | BA | UTC Aerospace to provide wheels, carbon brakes for Virgin Atlantic 787-9 fleet
UTC Aerospace Systems has been selected by Virgin Atlantic Airways to supply the wheels, carbon brakes and MRO services for its fleet of 16 new Boeing (BA) 787-9 aircraft. The company will provide the equipment through its Wheels & Brakes business in Troy, Ohio. The first aircraft is scheduled for delivery in September 2014. UTC Aerospace Systems is a unit of United Technologies (UTX). | | | 05:40 EDT | | BA | GE bets on ceramic jet engine parts, WSJ reports
Subscribe for More Information | | | June 16, 2013 | | 21:30 EDT | | BA | ILFC said to be set to order $5B worth of Airbus jets, Reuters reports
Subscribe for More Information | | | June 15, 2013 | | 17:40 EDT | | ANR, BTU | Coal industry counting on export demand as U.S demand wanes, NYT says
The U.S. coal industry is trying to revive itself with exports to Asia and Europe as environmental groups in opposition to the fall-out of coal use "say pollution caused by burning coal should not be exported," says the New York Times. The push for more export business is part of the U.S. coal industry's effort to expand exports as the U.S. has increasingly turned to natural gas as an alternative, adds NYT. Reference Link | | |
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