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Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:33 EDTBUD, LQDT, CLSN, IGT, BYI, SGMS, WMS, FIO, SWKS, QCOM, FB, STZ, RDENOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday after jobless claims jumped last week and consumer spending grew a bit less than expected last month. However, a regional purchasing managers' index came in better than expected and the averages have moved in a narrow range following the mixed data and a slew of earnings reports... ECONOMIC EVENTS: In the U.S., weekly unemployment applications jumped 38K to a seasonally adjusted 368K, versus expectations for a more modest rise to 350K. The Challenger job cuts report showed planned layoffs were down 24.4% from the same period a year ago. The Commerce Department said consumer spending rose 0.2% in December, which was slightly slower than the 0.4% increase in November, though income jumped 2.6% in December for the biggest monthly gain since December 2004. The Chicago Purchasing Manager’s report, which is available early to some market participants, came in at 55.6, beating an expected reading of 50.5... COMPANY NEWS: U.S. listed shares of Anheuser-Busch InBev (BUD) fell over 7% after the Justice Department sued to block the company‘s proposed $20.1B deal to buy control of Mexico's Grupo Modelo. Falling even further on the news were shares of Constellation Brands (STZ), which had agreed to purchase the remaining 50% interest in the Crown Imports joint venture that it runs with Grupo Modelo in conjunction with AB InBev completing its own acquisition of Modelo. Both AB InBev and Constellation said they were disappointed by and opposed the DOJ's action, but added that given the move they no longer see their transactions closing in Q1. Near noon, Constellation shares were down over 20%... Facebook (FB) was downgraded by at least five firms after its earnings and revenue beat expectations but the company also said it plans to invest heavily in its business in 2013. Shares, which were down sharply at the open, recovered throughout the morning to be down about 1% near noon... Qualcomm (QCOM) surged almost 5% and price targets on shares were raised around the Street following its Q1 results and increased guidance. Among other tech component makers that reported, Skyworks Solutions (SWKS) advanced over 13%, while Fusion-io (FIO) slid nearly 16%... MAJOR MOVERS: Among the notable gainers was WMS Industries (WMS), which rose 52% after agreeing to be acquired by Scientific Games (SGMS) for $26.00 per share in cash. Shares of Scientific Games also advanced over 11%. Other casino and gaming suppliers moved higher following the news, as Bally Technologies (BYI) rose nearly 5% and International Games (IGT) gained about 1.5%... Among the noteworthy losers was Celsion (CLSN), which plunged 81% after its Phase III HEAT study of ThermoDox did not meet its primary endpoint. Also lower were shares of Liquidity Services (LQDT), down 24%, and Elizabeth Arden (RDEN), which fell 14% after their earnings reports... INDICES: Near noon, the Dow was down 26.54, or 0.19%, to 13,883.88; the Nasdaq was up 0.40, or 0.01%, to 3,142.71; and the S&P 500 was down 2.80, or 0.19%, to 1,499.16.
News For BUD;STZ;FB;QCOM;SWKS;FIO;WMS;SGMS;BYI;IGT;CLSN;LQDT;RDEN From The Last 14 Days
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September 9, 2014
09:36 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
08:35 EDTBUDAB InBev downgraded to Neutral from Buy at BTIG
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07:19 EDTWMSRBC Capital to hold a conference
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07:17 EDTFB, QCOMThe Wireless Association to hold a conference
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07:11 EDTQCOMUBM Tech to hold a conference
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06:54 EDTQCOMChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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September 8, 2014
17:16 EDTSGMSScientific Games wins three-year instant games contract extension with Colorado
Scientific Games announced that it has signed an extension of its contract with the Colorado Lottery to continue as a provider of instant lottery games and related services. Under the agreement with the Colorado Lottery, Scientific Games will continue as the Lottery's primary instant game provider for three additional years beginning July 1.
14:00 EDTFBFacebook averages more than 1B video views per day, introducing video views
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12:18 EDTSGMSOn The Fly: Midday Wrap
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10:04 EDTQCOMAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
10:00 EDTFBFacebook may soon enter China, DoNews reports
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09:40 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:34 EDTQCOMU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:34 EDTFBFacebook's Zuckerberg sees WhatsApp reaching up to 3B users, WSJ reports
Speaking at an event in Mexico City, Facebook CEO Mark Zuckerberg says messaging service WhatsApp could reach two to three billion users through a tie-up with Facebook, though WhatsApp will stay an independent service, the Wall Street Journal reports. Facebook agreed to pay $19B for WhatsApp earlier this year. Reference Link
September 7, 2014
14:24 EDTFBFacebook CEO ready to spend billions to spread internet access, Bloomberg says
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September 5, 2014
11:51 EDTFBStocks with call strike movement; VALE FB
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
08:22 EDTQCOMNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:31 EDTQCOMNVIDIA lawsuit positive, says Stifel
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07:06 EDTFBFacebook rolls out three-step privacy check up to all users, WSJ reports
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