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Stock Market & Financial Investment News

News Breaks
March 23, 2012
14:28 EDTCAT, BA, FDX, ORCLMarket poised for losing week as China, Europe data pulls down shares
Stocks are set to end the week lower after weak economic data from China and Europe made many investors more pessimistic about the global economy. MACRO NEWS: A Chinese purchasing managers' index for March compiled by HSBC fell to 48.1, the lowest level since last November, HSBC reported. Any level below 50 indicates that the country's manufacturing sector contracted... The euro zone's manufacturing base also appears to have contracted, as a March purchasing managers' index for the bloc came in at 48.7, down from 49.3 in February... Also disappointing investors was U.S. housing data, as 313,000 new homes were sold last month, versus the consensus estimate of 325,000. An index of home prices for January and existing home sales for February also came in below expectations. COMPANY NEWS: Industrial companies, including Caterpillar (CAT) and Boeing (BA), saw their stocks decline this week in the wake of the weaker economic reports... FedEx (FDX) reported higher than expected adjusted Q3 EPS but lowered its 2012 EPS guidance... Oracle (ORCL) posted stronger than expected results, but its stock is poised to decline significantly for the week.
News For CAT;BA;FDX;ORCL From The Last 14 Days
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August 27, 2014
14:02 EDTBAAir Transport Services unit to return four DHL-owned freighters
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12:47 EDTFDXJudge panel appeals FedEx Ground ruling
FedEx Ground, a subsidiary of FedEx, reports that a decision by a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit reversed previous rulings by the District Court for the Northern District of Indiana in three class action cases involving mostly former independent contractors for FedEx Ground. The court held that those independent contractors operating in California from 2000-2007 and Oregon from 1999-2009 were employees according to the panel’s interpretation of state laws. The model that the court reviewed is no longer in use. Since 2011, FedEx Ground has only contracted with incorporated businesses, which treat their drivers as their employees. FedEx Ground will seek review of these decisions, including review by the entire Ninth Circuit. FedEx Ground Senior Vice President and General Counsel Cary Blancett said, "We fundamentally disagree with these rulings, which run counter to more than 100 state and federal findings, including the U.S. Court of Appeals for the D.C. Circuit, upholding our contractual relationships with thousands of independent businesses. The operating agreement on which these rulings are based has been significantly strengthened in recent years, and we look forward to continuing to work with service providers across our network to provide customers the industry’s most reliable service.”
09:53 EDTORCLOn The Fly: Analyst Initiation Summary
Bristol-Myers (BMY) initiated with a Hold at Deutsche Bank... ASML (ASML) initiated with a Hold at Stifel... Akamai (AKAM) initiated with an Outperform at RW Baird... Concur (CNQR) initiated with a Neutral at DA Davidson... CyrusOne (CONE) initiated with a Neutral at Citigroup... Eli Lilly (LLY) initiated with a Buy at Deutsche Bank... Garmin (GRMN) initiated with a Neutral at RW Baird... Merck (MRK) initiated with a Hold at Deutsche Bank... NetSuite (N) initiated with a Buy at DA Davidson... Oracle (ORCL) initiated with a Neutral at DA Davidson... Oxford Industries (OXM) initiated with a Buy at Wunderlich... Pfizer (PFE) initiated with a Buy at Deutsche Bank... ServiceNow (NOW) initiated with a Buy at DA Davidson... Workday (WDAY) initiated with a Neutral at DA Davidson... MannKind (MNKD) initiated with a Buy at Jefferies... STMicroelectronics (STM) initiated with an Underperform at Credit Suisse... Kirkland's (KIRK) initiated with an Outperform at Barrington.
08:30 EDTBAMorgan Stanley believes aerospace cycle concerns are overblown
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07:06 EDTBAIridium continues on track for its NEXT satellite
Iridium (IRDM) announced the successful upgrade of its System Control Segment and completion of its Launch and Early Operations control center for Iridium NEXT, the largest new commercial satellite constellation in the world. The overall development of the SCS is performed by Boeing (BA), which will continue operating the constellation through its transition to Iridium NEXT and beyond as the company's operations and maintenance provider.
05:47 EDTBAAerCap delivers first 787 Dreamliner to Royal Jordanian
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August 26, 2014
17:33 EDTORCLOracle initiated with a Neutral at DA Davidson
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August 25, 2014
06:17 EDTBABoeing, BOC Aviation announce order for 82 airplanes for $8.8B
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August 22, 2014
18:16 EDTBAGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
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13:49 EDTORCLOregon sues Oracle over health exchange website
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11:26 EDTORCLSalesforce.com rallies following beat and raise quarter
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August 21, 2014
11:26 EDTBABoeing reports 12 new orders in weekly update
Boeing reported orders for 10 737s and two 777s for unidentified customers in its weekly update.
August 20, 2014
10:39 EDTCATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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August 19, 2014
16:45 EDTBABombardier shakes up commercial aircraft marketing division, WSJ says
Canadian transportation company Bombardier (BDRBF) has replaced its commercial aircraft marketing chief Philippe Poutissou with Ross Mitchell, says the Wall Street Journal. The moves come as part of a broader restructuring of Bombardier's marketing division as the company competes with Boeing (BA) and Airbus Group (EADSY), added the Wall Street Journal. Reference Link
15:57 EDTFDXFedEx pushed to settle drug case as U.S. adds laundering charge, Bloomberg says
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August 15, 2014
15:32 EDTFDXFedEx receives money-laundering charge in altered indictment, Bloomberg reports
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12:12 EDTFDXFedEx falls to session lows, levels to watch
Shares were last at $147.69, trading lower by 1.3% on the day. At that price next support is at $145.47, a pivot low on a closing basis. Resistance is at $148.83.
12:09 EDTFDXFedEx receives money-laundering charge in altered indictment, Bloomberg reports
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08:11 EDTORCLOracle checks showing signs of improvement, says FBR Capital
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