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Stock Market & Financial Investment News

News Breaks
March 20, 2012
16:16 EDTNSRGY, MYGN, AZN, TRGT, TSL, STP, YGE, TIF, RIO, BHPOn The Fly: Closing Wrap
Stocks on Wall Street were lower on concerns of slowing growth in China. The futures barely reacted to February U.S. housing data, which showed starts were lower than expected but building permits were higher. The futures action led to a lower open for the broader market. The averages found a level in the first 30 minutes of trading where they sat and eventually began to drift higher. The market moved generally higher until the last hour of the session but the averages were never able to retake the baseline to continue their six day winning streak... ECONOMIC EVENTS: In the U.S., homebuilders began construction on a seasonally adjusted annual rate of 698,000 homes in February, down 1.1% from a month ago. Building permits jumped 5.1%, versus expectations for an increase of 0.6%. In China, a report said that home prices dropped in 45 Chinese cities last month and the country increased its gas and diesel prices for the second time in less than six weeks... MARKET NEWS: BHP Billiton (BHP) was widely quoted as stating that Chinese iron ore demand growth was "flattening," but the company came out and said that the slowdown had been discussed before and was not new information. Also, both BHP and rival Rio Tinto (RIO) confirmed plans to expand production in China even further. Still, BHP's confirmation along with other signals of a slowdown in China was attributed as a significant catalyst for today's market pull-back... Saudi Arabia said it is ready to meet any shortfalls in global oil supplies which, along with China's news, caused oil prices to fall 2%, weighing on the Energy sector of the S&P... Amazon.com (AMZN) moved up 3.67% following its $775M purchase of Kiva Systems, a maker of robots and other material handling technology... MAJOR MOVERS: Among the notable gainers was Tiffany (TIF), up $4.59, or 6.68%, to $73.27, after its earnings missed expectations but its FY12 guidance beat the Street's view. Also higher were a number of Chinese solar companies, including Yingli Green Energy (YGE), up 46c, or 12.07%, to $4.27, Suntech (STP), up 44c, or 14.06%, to $3.57, and Trina Solar (TSL), up 61c, or 7.85%, to $8.38, following the U.S. Commerce Department's decision to impose tariffs of less than 5% on the companies, which was well below the 20% to 30% that was forecast by some analysts. Noteworthy losers included Targacept (TRGT), down $2.22, or 29.96%, to $5.19, after it abandoned plans to seek approval for a depression drug it was developing in partnership with AstraZeneca (AZN), and Myriad Genetics (MYGN), down $1.33, or 5.19%, to $24.31, after the Supreme Court ruled that two patents held by Nestle (NSRGY) for certain personalized medicine products are invalid because the patents utilize "laws of nature" without adding significant additional features to those laws... INDICES: The Dow fell 68.94, or 0.52%, to 13,170.19; the Nasdaq lost 4.17, or 0.14%, to 3,074.15; and the S&P 500 dropped 4.23, or 0.30%, to 1,405.52.
News For BHP;RIO;TIF;YGE;STP;TSL;TRGT;AZN;MYGN;NSRGY From The Last 14 Days
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August 12, 2014
19:02 EDTMYGNOn The Fly: After Hours Movers
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16:11 EDTMYGNMyriad Genetics sees FY15 adjusted EPS $1.90-$2.00, consensus $2.12
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16:10 EDTMYGNMyriad Genetics reports Q4 adjusted EPS 48c, consensus 46c
Reports Q4 revenue $188.8M, consensus $187.68M.
15:23 EDTMYGNNotable companies reporting after market close
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09:35 EDTTSLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
07:05 EDTTSLTrina Solar acquired 49.9 MW power project from Good Energy Group
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05:58 EDTAZNStocks with implied volatility movement; P AZN
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August 11, 2014
13:43 EDTTSLFranklin Resources reports 10.0% passive stake in Trina Solar
12:42 EDTYGEChina solar company estimates lowered at Credit Suisse
Creidt Suisse lowered estimates on Chinese solar companies due to continued weak pricing and lower margin expectations. The firm expects Q2 reports to be roughly in-line with guidance with reduced Q3 margin expectations.
10:19 EDTTSLOn The Fly: Analyst Initiation Summary
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09:18 EDTTSLTrina Solar initiated with a Neutral at Goldman
Target $11.50.
08:37 EDTYGEYingli Green Energy to supply over 30 MW of solar modules for Japan plant
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August 8, 2014
08:08 EDTYGEYingli Green Energy completes trial production of monocrystalline ingots
Yingli Green Energy announced that the company has successfully completed trial production of monocrystalline ingots using new material technology. Instead of using traditional graphite crucibles when pulling monocrystalline ingots, the company experimented with crucibles made from a carbon-carbon composite material. Yingli's initial estimates suggest that the new material could reduce manufacturing costs by nearly 0.01 USD per watt.
06:33 EDTYGE, TSLChina's solar energy capacity growth accelerated, Xinhua reports
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August 7, 2014
07:57 EDTNSRGYForeign trade group warns inversion crackdown could prompt job cuts, WSJ says
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06:13 EDTAZNDynavax says AZD1419 Phase 1 study met secondary endpoints
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05:56 EDTNSRGYNestle announces CHF 8B share buyback program
Nestle said it plans to launch a new share buyback program of CHF 8B that will start this year and continue into 2015. It added, "This is in line with the Groupís policy to maintain our current financial rating while at the same time providing a competitive return to shareholders with a sustainable dividend policy in line with underlying earnings growth."
05:56 EDTNSRGYNestle to close Hot Pockets plant in Chatsworth, LA Times reports
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05:56 EDTNSRGYNestle confirms 2014 organic growth outlook around 5%
Nestle said, "Full year outlook confirmed: organic growth around 5% and improvements in margins, underlying earnings per share in constant currencies and capital efficiency."
05:55 EDTNSRGYNestle reports 1H organic growth 4.7%, net profit CHF 4.6B
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