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Stock Market & Financial Investment News

News Breaks
April 14, 2014
16:24 EDTRTRX, GDP, TWTR, NQ, MDT, C, AKBA, EWOn The Fly: Closing Wrap
Stocks on Wall Street were higher after U.S. retail sales for March surprised to the upside. The averages spent much of the session higher before losing altitude during the afternoon, with the Nasdaq even turning negative near 3:00 pm ET. An aggressive rally took hold in the final 30 minutes of trade, with the indexes closing just off their best levels of the day. ECONOMIC EVENTS: In the U.S., retail sales climbed 1.1% in March, beating expectations for an increase of 0.8%. Retail sales excluding autos rose 0.7%, which also beat estimates. Business inventories grew 0.4% in February, versus the consensus forecast for a 0.5% gain. In Europe, industrial production across the 18 country shared currency bloc rose by 0.2% in February from the prior month and by 1.7% from the same month of the prior year. COMPANY NEWS: Citigroup (C) gained $1.99, or 4.36%, to $47.67 after its adjusted first quarter earnings easily beat the consensus forecast. CEO Michael Corbat said the company delivered strong results despite a quarter "that was difficult," which included the bank surprisingly having its capital plan rejected by the Federal Reserve and the disclosure of fraud in its Mexican unit... Twitter (TWTR) shares held up better than they have in recent sessions after its co-founders, Jack Dorsey and Evan Williams, along with CEO Richard Costolo, disclosed that they have no plans to sell any of their shares as part of the May 5 lockup expiration... Edwards Lifesciences (EW) gained $8.03, or 11.0%, to $81.00 after being granted a preliminary injunction limiting the sale of Medtronic's (MDT) CoreValve system in the U.S. due to patent infringement. The ruling triggered upgrades of Edwards' shares from at least two analyst firms. Medtronic, which received at least one downgrade following the news, slipped $1.12, or 1.89%, to $58.08. MAJOR MOVERS: Among the notable gainers was Goodrich Petroleum (GDP), which surged $5.56, or 30.22%, to $23.96 after the company reported strong results for a well it drilled in Louisiana. Also higher was Akebia (AKBA), which rose $4.28, or 25.39%, to $21.14 after no fewer than four analyst firms initiated coverage on the shares with a Buy or equivalent rating. Among the noteworthy losers was NQ Mobile (NQ), which fell another $1.65, or 12.99%, to $11.05, adding to the 20% decline it suffered Friday after the company disclosed accounting errors along with its mixed earnings report. Short-seller Muddy Waters, which revealed a public short position on NQ in October, released a report today saying NQ's disappointing quarter was driven by heightened auditor scrutiny. Also lower Retrophin (RTRX), which dropped $2.35, or 15.3%, to $13.01 despite raising its fiscal 2014 revenue view after announcing that the FDA is unwilling to grant expedited access for children to the company's RE-024 treatment. INDEXES: The Dow was up 146.49, or 0.91%, to 16,173.24, the Nasdaq was up 22.96, or 0.57%, to 4,022.69, and the S&P 500 was up 14.92, or 0.82%, to 1,830.61.
News For C;TWTR;EW;MDT;GDP;AKBA;NQ;RTRX From The Last 14 Days
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April 8, 2015
09:35 EDTTWTRActive equity options trading on open
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07:24 EDTMDTNeurotechnology Industry Organization to hold a conference
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06:31 EDTTWTRTwitter April volatility at low end of range
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April 7, 2015
16:00 EDTCOptions Update; April 7, 2015
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12:42 EDTTWTRTwitter rises amid takeover rumors, prominent investor disclosing stake
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12:06 EDTTWTRTwitter long position taken in early March, Dan Niles says
12:05 EDTTWTRNiles says does not own Twitter shares because of takeover potential
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12:03 EDTTWTRDan Niles buying Twitter stock for first time
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11:02 EDTCAmerican Express slips after analyst, columnist highlight challenges
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10:11 EDTTWTRTwitter spikes higher, bullish patterns, levels to watch
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10:09 EDTTWTRTwitter calls active on renewed takeover chatter
Twitter April weekly 52 and 54 calls are active on 20K contracts (2K puts) on renewed takeover chatter. April weekly call option implied volatility is at 46, April is at 40, May is at 56, June is at 46, September is at 42; compared to its 26-week average of 53 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:04 EDTTWTRRumor: Twitter moves up on renewed takeover chatter
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09:35 EDTTWTRActive equity options trading on open
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07:16 EDTCRising competition may make AmEx targets hard to achieve, WSJ says
Though American Express recently reaffirmed its long-term targets for growing revenue 8% per year or better and earnings per share by 12%-15% per year while increasing operating expenses by less than 3% per year, there are good reasons to be skeptical about its ability to hit those targets, according to The Wall Street Journal's "Heard on the Street" column. Competition from peer Visa (V) as well as big banks such as Citi (C) and Bank of America (BAC) may put pressure on AmEx’s margins and it is not safe to assume that the company will always fare as well on the Fed's stress tests as it just did, the report stated. Reference Link
06:00 EDTTWTRTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
19:33 EDTCRegulators enter headquarters of Citibank Argentina, Reuters says
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16:00 EDTTWTROptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
13:09 EDTMDTMedtronic signs development deal with Israeli start-up, Globes says
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11:30 EDTTWTROptions with increasing implied volatility
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09:04 EDTTWTRTwitter says 'aware of reports of interruption of service in Turkey'
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