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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:22 EDTCAH, WAG, CHTR, EA, LULU, ABC, LMCAOn The Fly: Closing Wrap
Stocks on Wall Street were mixed as the ongoing fears over the situation in Cyprus weighed on the S&P, though the Dow was able to eke out a modest gain. Data released before the open showed housing permits rose to multi-year highs, but headlines out of Europe kept the averages under pressure for much of the afternoon... ECONOMIC EVENTS: In the U.S., housing starts climbed 0.8% from the prior month to a 917K rate in February. Building permits rose by 4.6% to a 946K rate, which was significantly ahead of the consensus forecast. In Europe, ongoing fears about how the situation in Cyprus will play out, including renewed worries that the nation will default or be forced to leave the euro zone, sent the euro currency lower against the U.S. dollar. Cyprus' parliament defeated the bank levy bill and afternoon headlines from Bloomberg said the ECB will provide liquidity to that nation, though only within its existing rules... COMPANY NEWS: Liberty Media (LMCA) announced an agreement to pay $2.617B for a 27.3% stake in Charter Communications (CHTR). Charter shares, which gained nearly 10% yesterday as media reports of the Liberty investment circulated, advanced another $2.34, or 2.39%, to $100.38, while Liberty shares closed down 32c, or 0.29%, to $110.34... lululemon (LULU) lost $1.82, or 2.76%, to $64.08 after issuing a recall of its Black Luon pants, citing a sheerness problem. lululemon cut its Q1 revenue and same-store-sales guidance as a result of the recall, and shares were downgraded at Sterne Agee... MAJOR MOVERS: Among the notable gainers was Walgreen (WAG), up $2.31, or 5.44%, to $44.74 after reporting earnings and announcing it agreed to a long-term pharmaceutical distribution agreement with AmerisourceBergen (ABC). AmerisourceBergen shares rose $1.76, or 3.64%, to $50.06 after the agreement, which grants Walgreen the right to buy a stake in AmerisourceBergen. Among the noteworthy losers was Electronic Arts (EA), down $1.56, or 8.34%, to $17.15 after its CEO resigned and the company warned it will likely come in below or near the bottom of its prior guidance. Also lower was Cardinal Health (CAH), down $3.78, or 8.19%, to $42.35 after the company announced its agreement with Walgreen will end in August and the company provided a FY14 EPS view below consensus... INDICES: The Dow was up 3.76, or 0.03%, to 14,455.82; the Nasdaq was down 8.49, or 0.26%, to 3,229.10; and the S&P 500 was down 3.76, or 0.24%, to 1,548.34.
News For CHTR;LMCA;LULU;WAG;ABC;EA;CAH From The Last 14 Days
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May 18, 2015
07:22 EDTABCUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 18 at 8 am; not all company presentations may be webcasted. Webcast Link
May 17, 2015
18:31 EDTCHTRBanks prepare $25B funding in case of Charter-Time Warner deal, Reuters says
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May 15, 2015
12:47 EDTLULUAppeals court dismisses lululemon yoga pants lawsuit, Reuters reports
A lawsuit accusing lululemon of defrauding shareholders by failing to reveal the sheerness of its black Luon yoga pants has been properly dismissed by a U.S. appeals court, Reuters reports. The court ruled that "Insofar as the defendants are alleged to have omitted information from Lululemon's corporate website, filings with the SEC, press releases, or investor calls, the has failed adequately to plead with particularity that these omissions rendered the defendants' statements inaccurate, incomplete, or misleading or that the defendants were otherwise under a duty to disclose such information." Reference Link
10:55 EDTCHTRJANA Partners gives quarterly update on stakes
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10:29 EDTCAHAmerican Urological Association to hold an annual meeting
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05:52 EDTEAApril NPD video game software sales rose 13%, says Piper Jaffray
Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
May 14, 2015
11:06 EDTLULUOptions with increasing implied volatility
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May 13, 2015
11:22 EDTLULUOptions with increasing implied volatility
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09:49 EDTLULUlululemon April channel checks appear strong, says Bernstein
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09:12 EDTABCAmerisourceBergen price target raised to $135 from $104 at Argus
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07:16 EDTCHTRMoffett Nathanson to hold a summit
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07:02 EDTLULUlululemon announces resignation of EVP, Global Retail Delaney Schweitzer
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May 12, 2015
12:14 EDTCHTRCharter remains in active talks to acquire Bright House, Bloomberg says
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11:59 EDTCHTRCharter still in active talks about Bright House acquisition, Bloomberg reports
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10:28 EDTLULUOptions with increasing implied volatility: YELP HUM LULU CTRX
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May 11, 2015
15:33 EDTLULULululemon Athletica calls active on renewed takeover speculation
Lululemon Athletica May 67.5 and 68 calls are active on total call volume of 3,100 contracts (500 puts) on May call option implied volatility is at 31, June is at 37, September is at 36; compared to its 90-day average of 36. Active volume suggests traders taking positions for price movement.
15:14 EDTLULURumor: lululemon strength attributed to renewed takeover speculation
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13:07 EDTLULULululemon Athletica volatility flat on tight price movement
Lululemon Athletica June call option implied volatility is at 37, September is at 36; compared to its 90-day average of 36, suggesting non-directional price movement into the expected release of Q1 in June.
10:29 EDTEAElectronic Arts management to meet with Jefferies
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May 10, 2015
16:06 EDTCHTRCharter seeking up to $30B to finance potential Time Warner deal, WSJ says
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