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Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:36 EDTETE, PIR, TRGP, BBRY, NGLS, CMGEOn 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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June 24, 2015
10:43 EDTBBRYStocks with call strike movement; BBRY CNX
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10:19 EDTBBRY, PIROptions with decreasing implied volatility
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09:35 EDTBBRYActive equity options trading on open
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07:48 EDTBBRYBlackBerry estimates, price target lowered at Canaccord
Canaccord lowered its estimates and price target on Blackberry following its Q1 report, as the firm sees a continued decline in high margin services business and ongoing tepid hardware sales remaining headwinds. Canaccord maintained its Hold rating and lowered its price target to $8 from $10 on Blackberry shares.
June 23, 2015
16:29 EDTBBRYOn The Fly: Top stock stories for Tuesday
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16:00 EDTBBRYOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
11:24 EDTBBRYStocks with call strike movement; AMBA BBRY
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10:30 EDTPIR, BBRYOptions with decreasing implied volatility
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09:36 EDTBBRYActive equity options trading on open
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09:14 EDTBBRYOn The Fly: Pre-market Movers
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08:56 EDTBBRYBlackBerry CEO: Company well positioned to grow security business
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07:36 EDTETEEnergy Transfer Equity bid for Williams positive, says RBC Capital
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07:33 EDTBBRYBlackBerry, Cisco sign broad patent cross-licensing agreement
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07:24 EDTETECredit Suisse to hold a conference
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07:13 EDTBBRYBlackBerry up 7.6% after reporting Q1 results
07:06 EDTBBRYBlackBerry CEO says taking steps to make handset business profitable
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07:05 EDTBBRYBlackBerry continues to anticipate positive free cash flow in FY16
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07:05 EDTBBRYBlackBerry recognized hardware revenue on 1.1M smartphones
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07:02 EDTBBRYBlackBerry reports Q1 EPS (5c), consensus (3c)
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05:56 EDTBBRYEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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