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Stock Market & Financial Investment News

News Breaks
July 12, 2013
12:44 EDTCERE, WFC, UPS, WBMD, JPM, BA, MDCO, ATHN, FDXOn 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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December 9, 2014
14:57 EDTWFC, JPMFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTJPM, WFCFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business, the Journal quoted the company as stating. Reference Link
07:46 EDTUPSUPS management to meet with UBS
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06:22 EDTBABoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
15:26 EDTWFCDeutsche Bank sued by U.S. over alleged scheme to avoid income taxes
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12:25 EDTMDCOAntibiotic makers rise after Merck agrees to buy Cubist
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11:13 EDTATHNathenahealth volatility elevated into investor meeting
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10:11 EDTMDCOHigh option volume stocks
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10:08 EDTATHNathenahealth to host investor meeting
Investor meeting to be held in Watertown, MA on December 11 at 8:30 am. Webcast Link
10:00 EDTWFCOn The Fly: Analyst Downgrade Summary
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08:11 EDTUPSUPS management to meet with UBS
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07:52 EDTWFCWells Fargo downgraded to Market Perform from Outperform at Bernstein
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06:35 EDTJPM, WFCValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:21 EDTJPMDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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December 5, 2014
10:35 EDTJPMJPMorgan hits fresh 52-week high, levels to watch
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10:10 EDTJPMJPMorgan CEO Jamie Dimon seeing no evidence of cancer after treatment, CNBC says
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07:12 EDTUPSUPS management to meet with UBS
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