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Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:33 EDTWMS, QCOM, BUD, LQDT, BYI, FIO, FB, CLSN, SGMS, SWKS, STZ, RDEN, IGTOn 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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July 17, 2015
10:09 EDTFBInstagram picks Eva Chen as head of fashion partnerships, Mashable reports
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10:03 EDTCLSNHigh option volume stocks
High option volume stocks: EWC DF WPX CLSN TE CMA SWI CE VRSN USG
10:01 EDTFBFacebook July volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 41, August is at 31, September is at 28; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
09:35 EDTFBFacebook hits fresh life, levels to watch
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08:07 EDTIGTInternational Game signs five-year extension agreement with Maryland Lottery
International Game has entered into a five-year extension agreement with the Maryland Lottery and Gaming Control Commission to continue providing the Company's INTELLIGEN central monitoring and control system for the existing video lottery terminal program at the state's five licensed VLT venues: Hollywood Casino Perryville, The Casino at Ocean Downs, Maryland Live! Casino, Rocky Gap Resort and Casino, and Horseshoe Casino Baltimore. Additionally under the extension agreement, the Company will provide technology and services to connect the VLTs at the state's sixth licensed VLT venue, MGM National Harbor, which is expected to open in the third or fourth quarter of 2016, to INTELLIGEN.
06:46 EDTFBJPMorgan puts $800 target on Google after 'thesis-changing' Q2
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06:25 EDTFBGoogle price target raised to $780 from $670 at Deutsche Bank
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05:49 EDTFBGoogle price target raised to $723 from $631 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Google shares to $723 saying the search giant's Q2 earnings report and corresponding commentary leave him more confident in the stock over the next two quarters. In addition to talking about a focus on costs, Google noted that mobile cost-per-clicks were up and continued to close the gap on desktop and also highlighted accelerating YouTube usage despite recent media coverage on Facebook (FB) Video, Munster tells investors this morning in a research note. He keeps an Overweight rating on Google. The stock is $62.95 to $642.80 in pre-market trading following last night's earnings report.
July 16, 2015
16:00 EDTFBOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:36 EDTFBFacebook's Instagram says some users having trouble logging in
Instagram said in a tweet, "We're currently experiencing an issue that may have caused some users to have trouble logging in. We’re working hard to fix it." Reference Link
13:02 EDTFBEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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11:49 EDTFBFacebook's Oculus confirms acquisition of Pebbles Interfaces
Oculus announced on its blog that it has entered into an agreement to acquire Pebbles Interfaces, "one of the leading teams in depth sensing technology and computer vision. Based in Israel, Pebbles Interfaces has spent the past five years developing technology that uses custom optics, sensor systems and algorithms to detect and track hand movement. Over time, technology breakthroughs in sensors will unlock new human interaction methods in VR and revolutionize the way people communicate in virtual worlds. Pebbles Interfaces will be joining the hardware engineering and computer vision teams at Oculus to help advance virtual reality, tracking, and human-computer interactions." Reference Link
09:35 EDTFBActive equity options trading on open
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08:53 EDTFBFacebook to buy Pebbles for about $60M, WSJ reports
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08:18 EDTQCOMSeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
08:14 EDTFBFacebook faces foreign exchange headwinds in Q2, says Brean Capital
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08:06 EDTIGTInternational Game subsidiary to be awarded 7-year contract by Wisconsin Lottery
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05:51 EDTQCOMEuropean Commission confirms two investigations against Qualcomm
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05:22 EDTQCOMQualcomm issues statement on European Commission announcement
Qualcomm provided the following statement: "We were informed that the European Commission has taken the procedural step of 'initiating proceedings' against Qualcomm with regard to the two ongoing investigations into Qualcomm's sale of chipsets for mobile devices. This step allows investigators to gather additional facts, but it represents neither an expression by the Commission on the merits of the case nor an accusation against the company. While we were disappointed to hear this, we have been cooperating and will continue to cooperate with the Commission, and we continue to believe that any concerns are without merit."
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