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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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May 15, 2015
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May 14, 2015
16:00 EDTFBOptions Update; May 14, 2015
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11:05 EDTQCOMQualcomm expands industry collaboration to grow Internet of Everything
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09:34 EDTFBActive equity options trading on open
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