New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For C;SPY;GLD;SLV;AAPL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 >>
February 1, 2016
09:44 EDTAAPLForbes contributor suggests Apple should buy Netflix
Forbes contributor Jay Somaney noted that Apple (AAPL) has recently been reported to be talking to TV producers and Hollywood studios about investing and developing original TV shows and he contends that "one way to circumvent the tedious and lengthy negotiations process with Hollywood and the networks" is for Apple to offer to buy out Netflix (NFLX). Reference Link
09:36 EDTAAPL, CActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
09:36 EDTSPYS&P 500 gaps down, levels to watch
Subscribe for More Information
08:45 EDTSPYSPDR S&P 500 ETF Trust: Pivot points
The following are the pivot points for SPY. Pivot High: $195.800, Pivot Low: $191.800. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
07:24 EDTAAPLEU's Vestager dismisses U.S. criticism of tax cases, Reuters says
Subscribe for More Information
06:53 EDTAAPLApple's iPad Air 3 may come with SMart Connector support, 9to5Mac reports
Subscribe for More Information
05:20 EDTSLViShares Silver Trust 30-day implied volatility at 22, 52-week range 21 to 35
Subscribe for More Information
05:20 EDTGLDSPDR Gold Trust 30-day implied volatility at 15, 52-week range 12 to 20
Subscribe for More Information
January 31, 2016
20:43 EDTCOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
19:04 EDTAAPLApple acquires Flyby, assembles 'secret' virtual reality team, FT says
Subscribe for More Information
14:12 EDTAAPLApple should avoid 'dubious' M&A, focus on cloud, AI development, Barron's says
"Impatient" investors encouraging Apple (AAPL) to become a mere dividend payer or make "dubious" acquisitions are not making much sense, Barron's contends in its 'Technology Trader' column. Apple continues to innovate and its iPhone franchise "will endure," though the one area where Apple lags behind peers and "can and should" make progress is cloud computing, according to the publication. Alphabet (GOOG), Facebook (FB) and Microsoft (MSFT) are making large strides in cloud and artificial intelligence, but the company still has "plenty of opportunity" to catch up given its product install base, Barron's says. Reference Link
12:33 EDTCU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link
11:39 EDTAAPLS&P falls 5% in January despite second straight winning week to close month
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
January 29, 2016
16:00 EDTC, AAPLOptions Update; January 29, 2016
Subscribe for More Information
12:41 EDTSPYOn The Fly: Weekly technical notes for S&P 500
The S&P 500 index traded within a much narrower range in the past week, and appears at time of writing to be set to close near the highs of the week above 1916. That is somewhat remarkable given the relatively high number of blow-ups in major names. Much of the gain is due to the better performance of Energy (XLE), Consumer Staples (XLP), and Utilities (XLU) over the week and the relative stabilization of other sectors to at least not subtract from those advances. We should note that these are typically the sectors that are risk-averse and that their leadership may not be bullish overall. The key concern now is, "can energy continue to outperform?" Many would likely welcome a break in the correlation between crude and the index, but that isn't likely to go away. A breakdown next week in crude could undo most of the gains we've seen as well as potentially induce another round of selling from oil-dependent sovereigns. A perceived positive that the bulls received overnight was the extreme action taken by the Bank of Japan to set a negative interest rate policy in a bid to stimulate the economy and lower its currency further. Many have taken this action as a confirmation along with weak GDP data that the U.S. Fed is likely not to raise rates for the entire year. A chorus of "ZeroB4One", that the Fed will relent and ease along with the rest of the world, is buoying bullish sentiment. While on balance in the near-term this looks favorable, there is plenty that can go wrong. Notably, although GDP was weak, regional data reports appear to be improving. The economy continuing to strengthen, which ought to provide the best hope for higher stock prices, may be the enemy of the bulls from a perceived policy perspective. Bad news used to be good news, but it's possible that good news could become bad news. That oxymoron is our context heading into next week as earnings season winds down by February 10. On a technical basis a key factor to watch is the continuing decline in price in the ProShares Short High Yield (SJB) ETF. It worked well this week as an indicator that was bullish, falling in price, through the entire week even while index prices searched for a floor that at times seemed much lower. The 1-month chart for the S&P 500 (SPX) itself shows the start of a rounding bottom, and possibly a somewhat irregular bullish head and shoulders pattern. The next important level up for both factors would be at the 1934 area. For support, the 1895 area looks to be the level that has to hold.
11:28 EDTSPYOn The Fly: ETF fund flow highlights
Subscribe for More Information
10:36 EDTAAPL, SPYActive puts @ CBOE: IWM VMW NEM SPY XRT AAPL
Subscribe for More Information
10:27 EDTAAPLActive calls: IWM F DXJ ABT FXI AAPL EEM COP
Subscribe for More Information
10:15 EDTAAPLApple may look into developing original shows for i Tunes, The Street reports
Apple is talking to TV producers and Hollywood studios about investing and developing original TV shows, reports The Street. According to two people with knowledge of the overtures, Apple has begun sounding out studios although it has yet to sign any agreements. One deal would have Apple announcing exclusive content as part of a cable-like offering in September. Reference Link
09:53 EDTSPYS&P 500 nears highs of the week, levels to watch
The index was last at 1913.04, heading for a test of the high of the week at 1916.96 which is current resistance. Support is at 1900.33.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use