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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:46 EDTTWC, AAPL, INTC, MGM, WMT, NOK, BAYRY, DIS, LVS, NYT, BAESY, MRK, BBRY, NWSA, WYNN, AMX, JNPR, NVS, CMCSA, CBSOn the Fly: Periodicals Wrap
WSJ: Broadcasters (CBS, NWSA, DIS, CMCSA) get first victory over Aereo in Utah federal court...BlackBerry's (BBRY) BBM app gets renewed attention...REUTERS: Bayer (BAYRY), Novartis (NVS) explore bids for Merck's (MRK) consumer unit...Nokia (NOK) reportedly considering buying Juniper (JNPR), combining it with NSN... BAE Systems (BAESY): U.S. unit close to 'bottoming out' this year...BLOOMBERG: Wal-Mart (WMT) weighs support for minimum wage increase...Slim (AMX) to exercise NY Times Co. (NYT) warrants this year...OTHER NEWS: Macau casino license renewals (MGM, WYNN, LVS) seen going smoothly, South China Morning Post reports... Intel (INTC) CEO says relationship with Apple (AAPL) getting 'closer,' Apple Insider reports...Comcast (CMCSA) confident of Time Warner Cable (TWC) acquisition approval, FT reports.
News For CBS;NWSA;DIS;CMCSA;BBRY;BAYRY;NVS;MRK;NOK;JNPR;BAESY;WMT;AMX;NYT;MGM;WYNN;LVS;INTC;AAPL;TWC From The Last 14 Days
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November 9, 2014
18:58 EDTMRKMerck presents interim data from C-SWIFT study
Merck announced the presentation of interim data from the C-SWIFT study exploring the potential of a candidate triple-therapy regimen consisting of the fixed-dose combination of grazoprevir/elbasvir , the company’s investigational NS3/4A protease inhibitor and NS5A inhibitor, in combination with sofosbuvir, a nucleotide inhibitor for the treatment of chronic hepatitis C virus, HCV, infection. Preliminary findings in treatment-naïve HCV genotype 1- infected non-cirrhotic patients, following six and four weeks of treatment, and patients with cirrhotic disease, following eight and six weeks of treatment, will be presented by Dr. Eric Lawitz, vice president, scientific and research development, The Texas Liver Institute, San Antonio, TX and C-SWIFT lead investigator. This poster presentation is part of a late-breaking abstract session at the 65th American Association for the Study of Liver Diseases, AASLD, Annual Meeting, also known as The Liver Meeting. “These interim data provide a compelling proof-of-concept for the potential of an eight- or six-week triple therapy course in treatment-naive patients with genotype 1 disease, including cirrhotic patients,” said Dr. Lawitz. “These findings will inform the design of larger studies aimed at understanding the potential of short-duration triple therapy across multiple patient types.”
18:41 EDTWMTWal-Mart to focus on food safety in China, Reuters says
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17:49 EDTBBRYBlackBerry plans few devices as it focuses on profitability, Reuters says
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16:55 EDTWMTWal-Mart China sales impacted by country's austerity program, WSJ says
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16:36 EDTDISDisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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November 7, 2014
18:00 EDTDISDisney still remains a Buy, Barron's reports
Despite falling modestly after posting slightly better than expected fourth quarter results, Disney remains a buy, Barron's reports. The company's long term growth prospects are excellent, underpinned by robust Park attendance trends, a strong movie lineup, and technology leadership, Barron's added. Reference Link
17:21 EDTJNPRElliot Associates reports 8.7% stake in Juniper, to continue talks
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16:24 EDTDISOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; November 7, 2014
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14:37 EDTBAESYU.S. could send significant number of additional troops to Iraq, Reuters says
The U.S. has developed plans to significantly increase the number of American troops in Iraq, according to Reuters, which cited unnamed U.S. officials. America, which currently has about 1,400 soldiers in the country, is looking to reinforce Iraqi troops fighting Islamic State, the news service stated. Publicly traded defense companies include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).Reference Link
12:20 EDTDISOn The Fly: Midday Wrap
Stocks on Wall Street opened in relatively quiet fashion and trading has remained that way throughout the morning. The highly anticipated nonfarm payrolls report showed fewer than expected jobs were added last month, but the figures from the prior two months were also upwardly revised. The market has moved in a narrow range and for the most part has remained near the flat line, with the S&P and Dow little changed and the Nasdaq lagging near noon. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 214K in October, which was below the consensus estimate for 235K jobs to have been added. However, back revisions boosted September's job gain to 256K from the 248K previously reported, while August's prior 180K reading was pushed up to 203K. The unemployment rate slid to 5.8% from 5.9%, its lowest level since July 2008. Later this afternoon, the Federal Reserve Board’s report on consumer credit growth in September is expected, with total credit projected to grow $16B. COMPANY NEWS: Shares of Disney (DIS) led all decliners on the Dow, as the stock fell 2.5% after the company reported earnings and revenue for its fourth quarter that were nearly in-line with consensus estimates. Along with its report, the company confirmed 2015's Star Wars movie will be entitled "The Force Awakens" and announced plans for another sequel in the "Toy Story" franchise. MAJOR MOVERS: Among the notable gainers was ChannelAdvisor (ECOM), which rose 46% after delivering generally in-line Q3 results, giving better than expected fiscal year revenue guidance and announcing the acquisition of U.K. based E-Tale Holdings. Also higher were shares of Sears Holdings (SHLD), which jumped 26% after the company disclosed it is actively exploring a REIT transaction involving 200-300 owned properties through a rights offering to shareholders. Among the noteworthy losers was Salix (SLXP), which plunged 36% and was downgraded by at least four firms after the company reported worse than expected Q3 results, gave lower than expected guidance and announced its CFO had resigned amid the company revising its view of the current inventory levels for its drugs. Also lower were shares of Intercept Pharmaceuticals (ICPT), which fell 33% after results from the FLINT trial evaluating obeticholic acid, or OCA, for the treatment of nonalcoholic steatohepatitis, or NASH, were published in The Lancet. Oppenheimer said it believes that data disclosed last night was in-line with previous data from Intercept, but that a Bloomberg story "cherry picked" negative aspects of the data, contributing to the share decline. INDEXES: Near midday, the Dow was virtually unchanged at 17,555.12, the Nasdaq was down 13.72, or 0.3%, to 4,624.75, and the S&P 500 was up 0.42, or 0.02%, to 2,031.63.
11:58 EDTWMTWal-Mart call activity attributed to activist investor speculation
Wal-Mart November 80 and 81 call active of total call volume of 25K contracts (1K puts) is attributed to activist investor speculation. November call option implied volatility is at 19, December and January is at 12; compared to its 26-week average of 14 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
11:46 EDTTWCTime Warner Cable drops 2% to $142.94
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11:20 EDTWMTRumor: Wal-Mart strength attributed to activist investor speculation
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
08:46 EDTCMCSA, TWCCord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
08:11 EDTDISOptions expected to be active
Options expected to be active @ CBOE: DIS FSLR RIG RMTI SLXP ZNGA PBR SHLD CP CSX NSC NVDA FSLR
08:01 EDTDISMylan signs alliance agreement with Disney Parks to enhance EpiPen access
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06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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