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Stock Market & Financial Investment News

News Breaks
March 1, 2013
12:31 EDTMDR, SHS, BBY, FWLT, CRM, AT, DECKOn The Fly: Midday Wrap
Stocks on Wall Street were up at midday despite "the Sequestor" taking effect at home and disappointing manufacturing data from abroad. The averages dipped right at the opening bell but were not down for long, almost immediately beginning to climb off their opening lows. The recovery was attributed by some to a rumor that an agreement had been reached on averting the Sequester. However, when the rumor went unfounded and President Obama held a press conference to discuss the challenging road ahead toward replacing the cuts, the averages weakened again, before gathering and resuming their upward momentum... ECONOMIC EVENTS: In the U.S., reports showed that personal income fell 3.6% during the month of January, versus expectations of a decline of 2.4%, though personal spending rose 0.2%, which was in line with forecasts. The final Markit PMI reading for February was revised down to 54.3 from a 55.2 prior figure. The University of Michigan Consumer Confidence reading was 77.6, versus the expected reading of 76.3. Construction spending fell 2.1% in the month of January, versus expectations for an increase of 0.4%. The ISM Manufacturing reading was 54.2, versus the expected 52.5, and prices paid reading was 61.5, versus the expected 57.0. In Europe, Markit's final Eurozone manufacturing PMI for February came in at 47.9, with downturns seen in all member nations aside from Germany and Ireland. Also, the unemployment rate in the 17-member single-currency region rose to a record 11.9% in January from 11.8% in December. In China, the official Purchasing Managersí Index was 50.1 in February, the weakest in five months and down from 50.4 in January. A separate gauge from HSBC dropped to a four-month low of 50.4 from 52.3 in the prior month... COMPANY NEWS: The deadline for Best Buy's (BBY) founder, Richard Schulze, to make an offer to take the company private passed without a bid being made, but the company's stock managed to rise modestly following its report of better than expected sales and adjusted profit during the holiday quarter. Schulze stated in a regulatory filing that he facilitated various offers that would have resulted in private equity investments into the company but the proposals were rejected and that the company now "deserves a chance to implement its own plan." Best Buy shares jumped at the open, but moved lower during the morning, and were up about 1% near midday... MAJOR MOVERS: Among the notable gainers following their earnings reports were Deckers Outdoor (DECK), up 14%, and Salesforce.com (CRM), up over 7%. Also higher were shares of Sauer-Danfoss (SHS), which rose 8.5% after it announced that Danfoss would acquire the 24.4% of the common shares it does not already own for $58.50 per share in cash. Among the noteworthy losers was Atlantic Power (AT), down 29%, after its quarterly report disappointed and the company cut its dividend. Also lower after earnings reports were Foster Wheeler (FWLT), down 16%, and McDermott (MDR), down over 13%... INDICES: Near noon, the Dow was up 12.57, or 0.09%, to 14,067.06; the Nasdaq was up 2.49, or 0.08%, to 3,162.68; and the S&P 500 was up 1.55, or 0.10%, to 1,516.23.
News For BBY;DECK;CRM;SHS;AT;FWLT;MDR From The Last 14 Days
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August 3, 2015
16:44 EDTAT12 West Capital Management reports 5.1% passive stake in Atlantic Power
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July 31, 2015
10:48 EDTBBYGoPro soars after Citi ups target to $90 on drone, VR potential
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July 30, 2015
16:36 EDTDECKDeckers Outdoor sees Q2 EPS $1.05, consensus $1.22
The Company expects second quarter fiscal 2016 constant currency revenues to be up approximately 5.0% over the same period last year and up approximately 1.0% on a reported basis. Consensus is $507.63M.
16:34 EDTDECKDeckers Outdoor sees FY16 EPS $5.15, consensus $5.08
Sees FY16 revenue $1.96B, consensus $1.96B.
16:32 EDTDECKDeckers Outdoor reports Q1 EPS ($1.43), consensus ($1.49)
Reports Q1 revenue $221M on a constant currency basis, consensus $213.5M.
10:13 EDTBBYOptions with increasing implied volatility
Options with increasing implied volatility: ESPR SRPT CX RAX YY SPLK QIHU HFC OWW BBY
09:01 EDTBBYAmerican Express, Best Buy announce e-commerce technology integration
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08:09 EDTDECKDeckers Outdoor July weekly volatility increases into Q1 and outlook
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July 29, 2015
10:41 EDTBBYOptions with increasing implied volatility
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10:27 EDTBBYOptions with decreasing implied volatility
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July 28, 2015
09:38 EDTCRMSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
July 27, 2015
06:05 EDTBBYBest Buy to begin selling Apple Watch in August, WSJ reports
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05:56 EDTCRMStocks with implied volatility movement; CRM GILD
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July 23, 2015
19:24 EDTBBYWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 22, 2015
05:24 EDTCRMStocks with implied volatility movement; CHK CRM
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July 21, 2015
15:11 EDTCRMEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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09:56 EDTCRMSalesforce rallies amid renewed speculation of Microsoft deal
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09:55 EDTCRMSalesforce calls active
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July 20, 2015
09:31 EDTBBYBest Buy store rationalization to be catalyst, says BB&T
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