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Stock Market & Financial Investment News

News Breaks
April 2, 2013
16:29 EDTDAL, AAPL, GM, BGCP, HTZ, HMC, F, OMPI, TM, NDAQOn The Fly: Closing Wrap
Stocks on Wall Street were higher, with the Dow and S&P both closing at fresh all-time highs. The averages opened higher and firmed following roughly in-line domestic data on factory orders. The U.S. report contrasted with continued weakening in European data, as Germany's PMI indicated contraction in the zone's largest economy... ECONOMIC EVENTS: In the U.S., the Commerce Department said factory orders rose 3% in February, which was a bit ahead of economists' forecast for an increase of 2.9%. In Europe, the euro zone jobless rate was stable at 12.0% in February, though the number of unemployed in the zone rose to the highest level on record at about 19.1M. Also, the purchasing managers’ index for the zone fell to 46.8 in March from 47.9 in February. In Asia, Japan's Prime Minister warned that a 2% inflation target pursued by the new head of its central bank may be difficult to reach... COMPANY NEWS: Shares of BGC Partners (BGCP) gained $1.87, or 48.57%, to $5.72 after the company agreed to sell its eSpeed treasury trading platform to Nasdaq OMX Group (NDAQ) in a cash-and-stock deal valued at as much as $1.23B. Nasdaq shares lost $4.10, or 12.81%, to $27.91 following the deal announcement... Carmakers reported March sales and General Motors (GM) and Ford (F) both posted U.S. sales gains of nearly 6% for March. Japanese manufacturers also reported higher March sales, with Toyota (TM) reporting a 1% increase in U.S. sales and Honda (HMC) reporting U.S. sales increased over 7%... Apple (AAPL) shares were active during the session, as a midday report from The Wall Street Journal said the company will begin production of a new iPhone in Q2 but that it will be similar in size and shape to the iPhone 5. Apple shares, which had been trading higher, moved lower following the report and closed up 99c, or 0.23%, at $429.90... MAJOR MOVERS: Among the notable gainers was Obagi Medical (OMPI), up $3.17, or 16.08%, to $22.88 after Merz Pharma made an unsolicited proposal to acquire the company for $22 per share. Also higher were shares of Hertz Global (HTZ), up $1.50, or 6.85%, to $23.41 after the company affirmed its fiscal year 2013 earnings and revenue view and provided guidance for fiscal year 2015. Among the noteworthy losers was Delta (DAL), down $1.31, or 8.06%, to $14.94 after the company reported March operating performance and said it sees Q1 revenue up 4%-4.5% against a year ago... INDICES: The Dow was up 89.16, or 0.61%, to 14,662.01; the Nasdaq was up 15.69, or 0.48%, to 3,254.86; and the S&P 500 was up 8.08, or 0.52%, to 1,570.25.
News For BGCP;NDAQ;F;GM;TM;HMC;AAPL;OMPI;HTZ;DAL From The Last 14 Days
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April 7, 2014
11:17 EDTGMGeneral Motors upgraded to Buy from Hold at Standpoint Research
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10:32 EDTDALAirline stocks rally after Goldman ups sector rating
Airline stocks are rising in a down market after Goldman Sachs raised its rating on the sector to Attractive from Neutral. WHAT'S NEW: Although airline stocks have already outperformed the market, it's not too late for investors to get involved in the sector, Goldman wrote in a note to investors earlier today. Not yet priced into the stock are higher ticket prices, more crowded planes, and a recovering U.S. consumer, according to the firm. It initiated coverage of American Airlines (AAL) with a Buy rating and upgraded its rating on JetBlue (JBLU) to Neutral from Sell. Goldman kept Buy ratings on Delta (DAL) and United Continental (UAL). PRICE ACTION: In mid-morning trading, American Airlines rose 1.25% to $37, JetBlue added 0.6% to $8.80, Delta gained 2% to $35.30, and United Continental lost 0.5% to $44.65.
09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:33 EDTNDAQNASDAQ struggles to repair public image, FT says
Nasdaq has struggled to repair its public image following events including the troubled IPO of Facebook IPO in 2012, an outage that caused an unprecedented three-hour market halt, and now an investigation by New York's Attorney General into the relationship between stock exchanges and high-frequency trading firms, reported Financial Times. Reference Link
07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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07:09 EDTDALAirline quality study shows customer complaint improvement, Reuters says
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06:58 EDTNDAQDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link
06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
06:35 EDTGMGM investors keep faith as recall reduces $3B in value, Bloomberg says
A variety of institutional investors in GM say they still feel confident in the stock after the recall crisis reduced more than $3B in shareholders’ value over four weeks, reported Bloomberg. Reference Link
06:29 EDTGMGeneral Motors considers range of options for victim-compensation, WSJ says
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06:23 EDTDALDelta Air Lines to equip flight attendants with Nokia Lumia 1520
Delta Air Lines (DAL) this fall will equip more than 20,000 flight attendants with handheld Nokia (NOK) Lumia 1520 phablets, which will serve as their on-board manual and in-flight sales device as well as a platform for future, more personalized in-flight customer service. The Lumia 1520 features a larger format, 6-inch screen and will replace the smaller Lumia 820 already in the hands of Delta on-board professionals.
06:14 EDTDALAirlines sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Airlines sector to Attractive from Neutral based on a more bullish views on the cycle and improving demand. The analyst believes consensus estimates underestimate pricing, which will boost multiples. As part of the sector change, the firm initiated American Airlines (AAL) with a Buy rating and upgraded JetBlue (JBLU) to Neutral from Sell.
05:25 EDTFFord Transit Connect awarded five star safety rating by NHTSA
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April 6, 2014
18:12 EDTGMGM to begin fixing faulty ignition switches, WSJ says
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17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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16:07 EDTGMGM's Opel brand planning compact electric car by 2017, Reuters says
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14:53 EDTGMMcCaskill says GM ignition case could lead to criminal charges, Reuters says
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