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Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:36 EDTNGLS, CMGE, ETE, PIR, TRGP, BBRYOn The Fly: Closing Wrap
Stocks on Wall Street finished the day mixed after moving in a narrow range for the entire session. There were several passes back and forth across the flat line throughout the day as the market consolidated its gains from yesterday. Investors seemed content to sit on the sidelines ahead of what could be a volatile session tomorrow in what is called "quadruple witching," when various stock index futures, stock index options, stock options, and single stock futures expire. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 6K to 312K last week, which was nearly in-line with expectations. The Philly Fed manufacturing index rose 2.4 points to 17.8 in June, which was better than expected. The leading economic indicator index for May rose 0.5%, which was slightly below the consensus forecast for it to have grown 0.6%. COMPANY NEWS: Shares of BlackBerry (BBRY) climbed 80c, or 9.65%, to $9.09 after the company reported losses that weren't as steep as expected for the first quarter and said that it had recognized revenue on more handsets in Q1 than in the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and that it expects to be profitable "sometime in fiscal 2016." MAJOR MOVERS: Among the notable gainers was Targa Resources (TRGP), which surged $25.57, or 20.45%, to $150.62, and its operating unit Targa Resources Partners (NGLS), which gained $12.29, or 17.74%, to $81.55, after Bloomberg reported late in the day that both could potentially be acquired shortly by Energy Transfer Equity (ETE). Energy Transfer Equity closed the session down fractionally but was up more than 5% in after-hours trading following Bloomberg's report. Among the noteworthy losers was home furnishings retailer Pier 1 Imports (PIR), which dropped $2.40, or 13.14%, to $15.86 after the company's first quarter results missed analysts' consensus estimates and it cut its fiscal 2015 earnings per share outlook. Also lower were shares of China Mobile Games (CMGE), which fell $4.25, or 22.47%, to $14.65 before eventually being halted by Nasdaq after the company reportedly removed a total of nine executives, according to a Chinese-language report quoted by Bloomberg. INDEXES: The Dow was up 14.84, or 0.09%, to 16,921.46, the Nasdaq was up 3.51, or 0.08%, to 4,359.33, and the S&P 500 was up 2.50, or 0.13%, to 1,959.48.
News For BBRY;PIR;CMGE;TRGP;ETE;NGLS From The Last 14 Days
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September 3, 2015
04:50 EDTBBRYStocks with implied volatility above IV index mean; AMBA BBRY
Stocks with implied volatility above IV index mean; Ambarella (AMBA) 80, BlackBerry (BBRY) 62 according to iVolatility.
September 2, 2015
05:23 EDTBBRYStocks with implied volatility above IV index mean; AMBA BBRY
Stocks with implied volatility above IV index mean; Ambarella (AMBA) 88, Cablevision (BBRY) 65 according to iVolatility.
August 27, 2015
10:38 EDTPIRWilliams-Sonoma sinks after earnings, BofA downgrade
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August 26, 2015
10:11 EDTETEHigh option volume stocks
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August 24, 2015
12:20 EDTETEEnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
Energy Transfer Equity (ETE) is making a bid to acquire Magnum Hunter Resources' (MHR) stake in the Eureka Hunter Pipeline, Bloomberg reports, citing people with knowledge of the matter. The approximately 46% stake may be worth as much as $600M, the report says. Reference Link
12:02 EDTETEEnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
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August 20, 2015
10:00 EDTTRGPOn The Fly: Analyst Downgrade Summary
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08:19 EDTTRGP, NGLSJefferies sees downside risk in Targa, cuts to Underperform
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05:58 EDTTRGPTarga Resources downgraded to Underperform from Hold at Jefferies
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