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Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:33 EDTRDEN, IGT, WMS, QCOM, BUD, LQDT, BYI, FIO, FB, CLSN, SGMS, SWKS, STZOn 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
Check below for free stories on BUD;STZ;FB;QCOM;SWKS;FIO;WMS;SGMS;BYI;IGT;CLSN;LQDT;RDEN the last two weeks.
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April 9, 2014
09:00 EDTSTZConstellation Brands rises 3.4%
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08:59 EDTFBFacebook shares should be bought into Q1 results, says SunTrust
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08:58 EDTFBFacebook ad-driven beat story should continue, says Susquehanna
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08:03 EDTCLSNCelsion announces data supporting development of ThermoDox
Celsion announced that data supporting the development of ThermoDox, its proprietary heat-activated liposomal encapsulation of doxorubicin, plus high intensity focused ultrasound were presented at the International Symposium on Therapeutic Ultrasound. Mark Dewhirst, D.V.M., Ph.D. presented data demonstrating the potential of ThermoDox plus HIFU to maximize drug delivery to the targeted tumor site. Celsion is exploring the potential of ThermoDox in combination with HIFU as a non-invasive treatment for a variety of cancers, including pancreatic cancer, Glioblastoma Multiforme, metastatic liver cancer, and breast cancer.
07:37 EDTFBFacebook partner says ad prices up 10% in Q1, Adweek says
Despite the recent outcry over diminished “organic reach,” Facebook ad prices have increased from Q4 to Q1, with the SVP of marketing at Facebook partner Nanigans saying pricing was "up 10% across the board” from quarter to quarter, reported Adweek. Reference Link
07:36 EDTSTZConstellation Brands sees FY15 adjusted EPS $3.95-$4.15, consensus $3.95
In FY15, the company is targeting mid-to-high single digit net sales growth for the beer segment. In FY14, beer segment operating income totaled $773M. This included 100% of Crown's operating income for the entire year and brewery profits since the date of acquisition in June 2013. For FY15, the company expects beer segment operating income to grow in the low-to-mid 20% range. Excluding the anticipated brewery acquisition benefit, underlying operating income growth for the beer segment is expected to be in the 10%-12%range. For the wine and spirits segment in FY15, the company expects net sales and operating income growth to be in the low-to-mid single digit range.
07:33 EDTSTZConstellation Brands reports Q4 adjusted EPS 81c, consensus 76c
Reports Q4 revenue $1.29B, consensus $1.29B. The significant increase for consolidated net sales was driven by $598M of incremental net sales related to the consolidation of Crown. Net sales for the beer segment increased 13% primarily due to volume growth driven by strong consumer demand. Wine and spirits net sales on an organic constant currency basis increased one percent as volume growth was mostly offset by unfavorable mix and higher promotional spend.
07:15 EDTFBJPMorgan sees opportunities in Internet stocks after pullback
JPMorgan believes the recent sell-off in Internet stocks has created opportunities in companies it feels has strong fundamentals, namely Facebook (FB), Priceline (PCLN), Netflix (NFLX) and Pandora (P).
06:54 EDTFBIndia Facebook's second top market with over 100M users, FT says
Facebook confirmed that more than 100M people in India now access its services each month, which is up from just 8M in the middle of 2010 and makes the nation the second top market for the social network, trailing only the U.S., reported Financial Times. Reference Link
06:03 EDTFBFacebook making slight changes to privacy settings, Re/code reports
Re/code reports that Facebook is slightly tweaking its privacy settings in a move to minimize "accidental sharing incidents." The company is also testing privacy surveys to see which features users are not comfortable with. Reference Link
April 8, 2014
16:21 EDTFBOn The Fly: Closing Wrap
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15:12 EDTSTZNotable companies reporting before tomorrow's open
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15:03 EDTSTZConstellation Brands April 82 straddle priced for 6.4% move int0 Q4
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12:10 EDTQCOMIneda Systems says secures funding from Samsung, Qualcomm
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09:00 EDTFBCLSA social media analysts hold an analyst/industry conference call
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07:28 EDTFBFour Internet stocks attractive after pullbacks, says Stifel
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07:28 EDTFB, QCOMSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
06:31 EDTQCOMMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
April 7, 2014
13:05 EDTSWKSAnalyst says semiconductor stocks attractive after decline
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08:16 EDTSWKSPullback in semiconductor stocks creates buying opportunity, says Sterne Agee
After many semiconductor stocks dropped significantly on Friday, Sterne Agee thinks that the group's fundamental mid to long-term outlook hasn't changed. Sterne Agee thinks the companies are poised to benefit from strong product cycles and earnings leverage. It is most upbeat on Micron (MU), NXP Semiconductors (NXPI), Avago (AVGO), Skyworks (SWKS), and SanDisk (SNDK). The firm keeps Buy ratings on all the stocks named.
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