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Stock Market & Financial Investment News

News Breaks
September 25, 2012
16:21 EDTKEG, TSLA, MTN, CAT, MACK, RIMMOn The Fly: Closing Wrap
Stocks on Wall Street were lower as unrest in Spain brought the difficult fiscal challenges facing Europe back into the spotlight. Stocks opened slightly higher as the market was helped in part by better than expected consumer confidence and home price data. With little else for investors to key on domestically, the averages weakened in the afternoon, as European headlines again drove concern... ECONOMIC EVENTS: Domestically, the S&P/Case-Shiller 20-city home prices index for July indicated that prices rose 1.2%, beating expectations. The consumer confidence reading for September rose to 70.3 and the FHFA home prices index for July was up 0.2%. In Europe, protesters in Spain took to the streets to voice their displeasure with further austerity measures. Also, Germany's Jorg Asmussen, an executive board member of the European Central Bank, said any additional Greek financing needs to come from EU member states and not the ECB... COMPANY NEWS: After lowering its 2015 guidance late Monday, shares of Caterpillar (CAT) were down $3.86, or 4.25%, to $87.01... Tesla Motors (TSLA) shares fell $3.00, or 9.78%, to $27.66 after the company reduced its second half of 2012 Model S delivery guidance and cut its revenue outlook for the year... MAJOR MOVERS: Among the notable gainers were Research in Motion (RIMM), up 30c, or 4.68%, to $6.60 after saying BlackBerry subscribers now total 80M during a company hosted conference, and Vail Resorts (MTN), up $4.37, or 8.29%, to $57.10 after its quarterly revenues beat expectations and its losses were not as steep as forecast. Noteworthy losers included Key Energy (KEG), down $1.02, or 12.52%, to $7.13 after lowering its Q3 expectations, and Merrimack (MACK), down $1.85, or 16.91%, to $9.09 as an IPO lockup period expired today for the shares... INDICES: The Dow lost 101.37, or 0.75%, to 13,457.55; the Nasdaq fell 43.05, or 1.36%, to 3,117.73; and the S&P 500 declined 15.30, or 1.05%, to 1,441.59.
News For CAT;TSLA;RIMM;MTN;KEG;MACK From The Last 14 Days
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November 20, 2014
05:20 EDTMACKPharmaEngine, Merrimack receive FDA fast track designation for MM-398
PharmaEngine and its partner Merrimack Pharmaceuticals (MACK) announced that MM-398 has been granted the Fast Track designation by the FDA for the treatment of patients with metastatic adenocarcinoma of the pancreas who have been previously treated with gemcitabine-based therapy. Merrimack expects to begin the NDA submission in 2014.
November 19, 2014
14:25 EDTTSLAOptions Update; November 14, 2014
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12:46 EDTTSLAOn The Fly: Midday Wrap
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11:16 EDTTSLATesla retreats after analyst lowers Model X delivery forecast
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10:32 EDTTSLATesla falls, levels to watch
The stock is falling after Morgan Stanley took down estimates for the company, though they noted they remain buyers. At the current price of $246.48 the shares are down over 4.3%. So far there is little to be concerned about technically until one pulls back and looks at a 6-month or longer chart. On that basis there is a potential bearish head and shoulders top forming that would become active on a breakdown below $220. Support is at $240.06. Resistance is at $250.25.
10:02 EDTTSLATesla CEO says falcon wing door cancelation rumors false
Tesla CEO Elon Musk stated on his Twitter account: "Rumors about canceling Falcon wing doors are false. At Tesla, the production car will always be better than the show car."
09:39 EDTTSLAActive equity options trading on open
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09:16 EDTTSLA, MACKOn The Fly: Pre-market Movers
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08:07 EDTMACKMerrimack receives FDA fast track designation for MM-398
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07:45 EDTTSLAMorgan Stanley cuts Tesla estimates, remains a buyer
As previously reported, Morgan Stanley lowered its 2015 Model X delivery forecast to 5,000 units from 15,000 units to reflect reasonable execution risk and a slower ramp to ensure quality. The analyst lowered 2015 EPS forecast to $2.45 from $4.39, vs. consensus of $2.99, and non-GAAP revenue estimate to $5.6B vs. consensus of $6.2B. The firm would use any delays or volatility from the Model X launch to increase exposure to Tesla shares and reiterates its Overweight rating and $320 price target.
06:48 EDTTSLATesla 2015 Model X forecasts cut to 5K from 15K at Morgan Stanley
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06:02 EDTTSLATesla implied volatility of 44 at lower end of index mean range
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November 18, 2014
16:00 EDTTSLAOptions Update; November 18, 2014
iPath S&P 500 VIX Short-Term Futures down 48c to 28.09. Option volume leaders: AAPL TSLA TWTR KO PBR GILD according to Track Data.
09:56 EDTKEGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
09:32 EDTTSLAActive equity options trading according to Track Data: AAPLTSLA TWTR FB
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07:20 EDTMACKEuro Organization for Research & Treatment of Cancer co-hosts a symposium
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06:15 EDTKEGKey Energy downgraded to Neutral from Buy at SunTrust
SunTrust assumed coverage on Key Energy with a Neutral rating from a Buy rating.
November 17, 2014
16:00 EDTTSLAOptions Update; November 17, 2014
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14:17 EDTTSLAFord wants to make electric vehicles for the masses, Yahoo reports
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09:36 EDTTSLAActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
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