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Stock Market & Financial Investment News

News Breaks
May 6, 2012
12:51 EDTMET, QCOM, CF, DHI, CVI, ALV, V, EMC, INTC, PHM, WYNN, BWA, AIG, IBM, AAPL, AAMRQ, PM, SCCO, FISThe 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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April 6, 2015
12:44 EDTQCOMOn The Fly: Midday Wrap
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11:10 EDTQCOMNVIDIA reports favorable ITC ruling in patent fight with Qualcomm, Samsung
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10:39 EDTQCOM, INTCQualcomm falls amid uncertainty about content in flagship Samsung phone
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10:23 EDTAAPLApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
10:02 EDTQCOMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTAAPLActive equity options trading on open
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09:22 EDTQCOMOn The Fly: Pre-market Movers
HIGHER: Uniqure (QURE), up 44.2% following strategic collaboration with Bristol-Myers (BMY)... Cytori Therapeutics (CYTX), up 22.4% after Lorem Vascular receives regulatory clearance in China... Curis (CRIS), up 8.5% after FDA grants orphan drug designation to CUDC-907 for the treatment of Diffuse Large B-Cell Lymphoma... Capnia (CAPN), up 5.9% after being awarded a $220,000 NIH grant... Tesla (TSLA), up 3.8% after reporting first quarter deliveries up 55% to 10,030 cars... Ariad (ARIA), up 3.4% following approval of Iclusig in Canada... Lumber Liquidators (LL), up 3.1% after being upgraded to Outperform from Market Perform at Raymond James. LOWER: Magnum Hunter (MHR), down 8.9% after being downgraded to Hold from Buy at Wunderlich... Herbalife (HLF), down following CNBC report that federal law enforcement agencies contacted the company regarding its business practices... Qualcomm (QCOM), down 2.2% following a Wall Street Journal report that the Samsung (SSNLF) Galaxy S6 did not have a Qualcomm LTE modem... Skyworks (SWKS), down 2.1% after being downgraded to Equal Weight from Overweight at Stephens.
09:09 EDTQCOMQualcomm trades lower in pre-market
The stock is down more than 2.4% at time of writing to $66.31 following an WSJ article that noted the Samsung Galaxy S6 did not use a Qualcomm-developed wireless modem. Next support is at $65.68.
07:41 EDTAIGBrookings Institute to hold a discussion
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:45 EDTQCOMQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:11 EDTAAPLSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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06:07 EDTQCOMSamsung uses internally developed wireless modem in Galaxy S6, WSJ reports
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06:00 EDTAIGStocks with implied volatility movement; MAC AIG
Stocks with implied volatility movement; Macerich (MAC) 27, AIG (AIG) 20 according to iVolatility.
05:15 EDTWYNNElaine Wynn recommends holders 'WITHHOLD' their votes for company nominees
Elaine Wynn, co-founder, board member and third-largest stockholder of Wynn Resorts, commented on the recommendation from Institutional Shareholder Service, or ISS, that Wynn stockholders WITHHOLD their vote for management's nominees for the Wynn Resorts board at the upcoming 2015 Annual Meeting. In response, Elaine Wynn has issued the following statement: "I believe the stockholders of Wynn Resorts deserve better than the choices presented to them by the company this proxy season, and the only way to achieve meaningful value creation for my fellow stockholders is to vote the GOLD card FOR my reelection at the upcoming Annual Meeting. The ISS report raises a number of important concerns about the performance of the board. I firmly believe my judgment, considerable experience, important diversity and willingness to challenge the status quo makes me the best positioned candidate to guard and grow stockholders' interest and identify additional diverse candidates with independent voices, As the third largest stockholder, my interests inextricably align with my fellow stockholders, giving me a unique perspective on protecting and increasing the value of our collective investment in the future. The company, by contrast, continues to disseminate comments designed to obscure the truth, as they did tonight in their statement on the ISS recommendation, and it is my hope that other stockholders recognize my value and vote FOR my reelection using the GOLD proxy card."
05:10 EDTWYNNISS recommends Wynn Resorts holders vote against Elaine Wynn
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April 5, 2015
16:56 EDTAAPLEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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08:43 EDTPMAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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