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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:51 EDTCVI, ALV, V, EMC, INTC, PHM, WYNN, BWA, AIG, IBM, AAPL, AAMRQ, PM, SCCO, FIS, MET, QCOM, CF, DHIThe Barron's 500 for 2012 honors companies with strong financial performance
The Barron's 500 is our annual salute to companies that have done the best job of growing their businesses. The lists seeks to identify companies with superior financial performance. To receive an "A" this year, companies had to log sales growth of 22% in their latest fiscal year. This year's top-ranked company in the No.1 spot is CF Industries Holdings (CF). Technology names are well represented toward the top of this year's list, with Apple (AAPL) landing at No. 2, and Intel (INTC) at No. 6. Other tech stalwarts high on the 2012 list include Qualcomm (QCOM), EMC (EMC) and IBM (IBM). Few financial companies have landed near the top of the Barron's 500 in recent years, but insurer MetLife (MET) cracked the top 10 this year, moving up to No. 9 from No. 124 - based on its $16.3B acquisition of American Life Insurance Co., or Alico. from American Int'l Group (AIG) in November 2010. Some regulars, that generate lots of cash flow, have returned to top spots again: Visa (V) is among the top 10 again this year, while Fidelity National Information Svcs (FIS) is No. 25, down from No. 3 last year. Both companies could enjoy tremendous operating leverage as business improves.Barron's says. The auto industry's revived fortunes are apparent, as several industry suppliers have risen in the rankings. BorgWarner (BWA) clocks in at No. 19, up from No. 46 in 2011, and Autoliv (ALV) is No. 21, advancing from No. 89 last year. Many commodities-focused companies also fared well, including No. 3-ranked Southern Copper (SCCO). Also making the cut to join the club were: Wynn Resorts (WYNN) and CVR Energy (CVI). Philip Morris (PM), which garnered the No. 7 spot this year, is up up from No. 34 last year, as it grew revenue by 14% in 2011. Home builders PulteGroup (PHM) and D.R. Horton (DHI) aren't included this year because their sales fell below Barron's cutoff. American Airlines' parent, AMR (AAMRQ), was disqualified when it filed for bankruptcy protection. Other companies, such as BJ's Wholesale Club, were acquired. In all, 32 names that were on the 2011 list are absent this year, replaced by newcomers such as CF Industries. Reference Link
News For CF;AAPL;INTC;QCOM;IBM;EMC;MET;AIG;V;FIS;BWA;ALV;SCCO;WYNN;CVI;PM;PHM;DHI;AAMRQ From The Last 14 Days
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January 31, 2016
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
13:40 EDTAIGAIG restructuring could lift shares 20%, Barron's says
AIG's "modular" approach to reorganizing may hold some advantages over the outright breakup suggested by activist investors and could lift shares 20% in a year, Barron's contends in its 'Follow Up' column. If the moves fail to energize the stock, the company will only be further pressured to generate the "quick buck" desired by activists, the publication argues, recommending shareholders to "stay put" in 2016. Reference Link
11:39 EDTAIG, QCOM, V, AAPLS&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
17:12 EDTVOn The Fly: Top stock stories for Friday
Stocks began the session in positive territory and remained there throughout the day. The early strength was attributed to the surprise cut in interest rates by the Bank of Japan that put the country in a negative interest rate scenario. The market gained strength throughout the day and put in gains of almost 2.5% in what was a broad based advance for the major averages. January closed out with two winning weeks, but the month was still a very bad one for stocks, as the S&P lost over 5% even after today's strong showing. ECONOMIC EVENTS: In the U.S., 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 Chicago PMI business barometer bounced to 55.6 in January, topping forecasts for a 45.3 reading. 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 surprise 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: Shares of Amazon (AMZN) declined 7.6% to $587 after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings after last night's closing bell, gained 5.8% to $55.09... Confirming a news report that broke late in the day yesterday, 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... 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. MAJOR MOVERS: Among the notable gainers was Axiall (AXLL), which jumped 83% to $17.94 after it came to light that the company received, and rejected, an unsolicited proposal from Westlake Chemical (WLK) offering to acquire the company for $20 per share in cash and stock. Also higher were Visa (V) and Mastercard (MA), which gained 7% and 6.4%, respectively, after reporting quarterly earnings. Among the notable losers was Gilead (GILD), which fell 5.5% to $82.70 after rival Merck (MRK) received FDA approval for its own hepatitis C drug. Also potentially weighing on Gilead shares was the fact that competitor AbbVie (ABBV) announced financial results for the fourth quarter, including sales of Viekira Pak, its own hep C treatment, that fell short of estimates. AbbVie fell 2.3% to $54.58 following its quarterly report. INDEXES: The Dow rose 396.66, or 2.47%, to 16,466.30, the Nasdaq gained 107.28, or 2.38%, to 4,613.95, and the S&P 500 added 46.88, or 2.48%, to 1,940.24.
16:00 EDTAAPLOptions Update; January 29, 2016
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14:18 EDTDHISanders Capital reports 6.07% passive stake in D.R. Horton
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11:00 EDTQCOMStocks with call strike movement; QCOM CVX
Qualcomm (QCOM) July 50 call option implied volatility decreased 7% to 30, Chevron (CVX) June 95 call option implied volatility increased 3% to 30 according to iVolatility.
10:36 EDTAAPLActive puts @ CBOE: IWM VMW NEM SPY XRT AAPL
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10:27 EDTAAPLActive calls: IWM F DXJ ABT FXI AAPL EEM COP
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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
10:03 EDTVVisa announces launch of Visa Commerce Network
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09:35 EDTWYNNNevada reports Statewide December gaming win up 3.31% to $982.06M
The state also reports Las Vegas Strip December gaming win up 8.2% compared to last year at $600.75M compared to last year. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
09:34 EDTAAPLActive equity options trading on open: AMZN MSFT FB AAPL GILD GE
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08:28 EDTAAPLEnergous rises after Apple said to be at work on wireless charging
A Bloomberg report that said Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology did not mention Energous (WATT), which is a development-stage company exploring technology that can enable wire-free charging for electronic devices. In pre-market trading, Energous shares rose 10% to $5.25.
07:50 EDTPHMPulteGroup risk/reward most attractive in homebuilder coverage, says UBS
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07:30 EDTALVAutoliv sees Q1 organic sales growth more than 10%
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07:30 EDTALVAutoliv sees FY16 organic sales growth roughly 5%
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07:28 EDTALVAutoliv reports Q4 adjusted EPS $2.08, consensus $1.91
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07:03 EDTINTCProofpoint results suggest demand remains strong, says Piper Jaffray
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06:28 EDTAAPLApple working on wireless-charged phone, Bloomberg says
Apple is working with partners in the U.S. and Asia to create new wireless charging technology that could work on mobile devices possibly as soon as next year, Bloomberg reports, citing people familiar with the plans. Apple is eyeing new technologies that would allow iPhones and ipads to be powered from further away than charging mats, the report says. Reference Link
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