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Stock Market & Financial Investment News

News Breaks
July 12, 2013
12:44 EDTWBMD, JPM, BA, MDCO, ATHN, FDX, CERE, WFC, UPSOn The Fly: Midday Wrap
The Wall Street averages were lower at midday following earnings reports from two of the nation's largest banks and a profit warning from the biggest delivery company. ECONOMIC EVENTS: In the U.S., producer prices rose 0.8% last month, versus expectations for an increase of 0.5%. Prices excluding food and energy components rose 0.2%, versus expectations for them to increase 0.1%. The preliminary University of Michigan consumer confidence index for came in at 83.9, versus expectations for a reading of 84.7. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) both reported headline earnings and revenue that beat analysts' consensus forecast. Wells Fargo shares rose nearly 2% afterward, while JPMorgan was fractionally higher... Another bellwether company, UPS (UPS), saw its shares fall almost 6% after the company reduced its guidance for 2013 earning per share, citing overcapacity in the global air freight market, increasing customer preference for lower-yielding shipping solutions, and a slowing U.S. industrial economy. Peer FedEx (FDX) slid over 2% as well... Boeing (BA) declined more than 6% following a fire at Britain's Heathrow airport involving one of the company's 787 jets, which is the same model of plane that had previously been grounded over concerns about the potential for its batteries to ignite. MAJOR MOVERS: Among the notable gainers was athenahealth (ATHN), which jumped over 15% after inking a deal with Ascension that prompted bullish analyst notes from Leerink Swann and Piper Jaffray. Also higher were shares of WebMD (WBMD), which advanced 26% after the company's preliminary quarterly results beat consensus and it raised its full-year revenue outlook. Among the noteworthy losers were Ceres (CERE), which dropped 27% after the company said the commercial ramp of sweet sorghum in Brazil is likely to fall below expectations this year and its shares were downgraded by multiple Street research firms. Also lower were shares of The Medicines Co. (MDCO), which fell 8% following a court ruling related to patent lawsuit related to one of its drug. INDICES: Near noon, the Dow was down 34.58, or 0.22%, to 15,426.34; the Nasdaq was down 0.25, or 0.01%, to 3,578.05; and the S&P 500 was down 2.25, or 0.13%, to 1,672.77.
News For BA;UPS;FDX;JPM;WFC;ATHN;WBMD;CERE;MDCO From The Last 14 Days
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March 18, 2015
06:36 EDTBABoeing turns to cargo jets to overcome West coast port disruptions, WSJ says
Boeing (GE) and its suppliers -- including General Electric (GE) -- have turned to using large Ukrainian "Antonov" cargo jets to overcome supply disruptions at U.S. West coast ports, reports the Wall Street Journal, citing statements by Boeing Commercial CEO Ray Conner, who said disruptions continued even after the ports reached a deal earlier in March. "We’re still dealing with the congestion of all the things that are stuck in those ports right now," added Conner. A Boeing spokesperson said there had been "no effect" on deliveries to airlines. Reference Link
March 17, 2015
16:41 EDTJPMJPMorgan formally authorizes $6.4B equity repurchase program
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15:18 EDTFDXNotable companies reporting before tomorrow's open
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14:38 EDTFDXFedEx technical comments ahead of earnings
The shares have been trading in a range largely bound by $170 at the low and $180 at the high since December of last year. So well-defined is the range that the 50-day moving average has gone flat, neatly bisecting the range at $174.63. These bounds may help us better understand where the shares may move following results. A breakout above $180 on strong news or outlook would resolve this range bullishly. The life high at $183.51 would very likely be tested, opening up a run to the $185 to $190 area. When ranges resolve, they tend to exhibit strong price reactions which could easily exceed the reaction expected by straddle pricing. On neutral news, the stock may fall near the 50-day moving average. If the news is a bearish surprise, we could expect the low of the range to be tested at the $170 area. It would take a break below that range low to turn the trend to bearish. Next support in that event would be at $167.62.
14:37 EDTJPMCiti, Barclays near $800M settelement of forex suit, WSJ says
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14:28 EDTFDXFedEx March 177 straddle priced for 3.6% movement into Q3
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13:10 EDTJPMJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
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10:05 EDTUPSUPS management to meet with Oppenheimer
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09:06 EDTBABoeing delivers first 787-9 Dreamliner assembled at North Charleston facility
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08:34 EDTFDXFedEx March volatility elevated into Q3 and outlook
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07:42 EDTBABoeing may produce satellite for tech giants, Reuters says
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07:18 EDTBASatellite & Access Intelligence to hold a exhibition
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05:34 EDTJPMJPMorgan providing financial advice to UK government to fight dementia
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March 16, 2015
13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success – it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
10:00 EDTBARyanair plans transatlantic service in four to five years, Financial Times says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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08:28 EDTJPMJPMorgan reports February net credit losses 2.42% vs. 2.53% last month
Reports February delinquency rate 1.35% vs. 1.34% last month.
07:45 EDTCERECeres and Raizen sign multi-year collaboration to produce sweet sorghum
Ceres announced that they have signed a multi-year collaboration agreement to develop and produce sweet sorghum on an industrial scale. Sweet sorghum can be grown to complement existing feedstock supplies and extend the operating season of Brazilian sugarcane-to-ethanol mills. Under the collaboration, the companies will each contribute in-kind services and resources and share in the revenue from the ethanol produced from Ceres' sweet sorghum above certain levels. This season, Raízen has planted Ceres' sweet sorghum evaluation in a single location and plans to expand to multiple mills in the seasons to come.
06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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06:20 EDTJPMU.S.poised to charge JPMorgan hacking suspects, NY Times says
U.S. authorities probing last summer's cyberattack on JPMorgan are increasingly confident that they will be able to file criminal charges against perpetrators of the attack in coming months, according to The New York Times, which cited unnamed sources who have been briefed on the investigation. Several of the suspects are located in countries with whom the U.S. has extradition treaties, the newspaper explained. Reference Link
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