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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:43 EDTCUK, CMCSA, RATE, DDD, CCL, GRPN, GE, CLF, TRLAOn The Fly: Closing Wrap
Stocks on Wall Street were mixed following last night's State of the Union address and January retail sales that were in-line with expectations, but down from December's reading... ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in January, which was in-line with expectations though down from a 0.5% gain in December. Import prices rose 0.6% during the month, versus expectations for an increase of 0.8%, while Export prices were up 0.3% in January, matching the consensus forecast. Business inventories grew 0.1% in December, versus expectations for a 0.2% increase. Additionally, in his State of the Union address last night, President Obama outlined a mix of old and new proposals intended to jump-start the domestic economy as well as urging Congress to raise the minimum wage to $9 an hour from the existing $7.25... COMPANY NEWS: Comcast (CMCSA) gained $1.16, or 2.98%, to $40.13 after reporting its Q4 results earlier than expected. It also announced it will buy General Electricís (GE) remaining 49% equity stake in NBCUniversal for $16.7B and would acquire $1.4B in real estate assets from GE. Comcast increased its annual dividend by 20% to 78c per share and said it plans to buy back $2B of its stock in 2013. After the earlier than expected sale of the NBCU interest, GE shares gained 81c, or 3.59%, to $23.39 as the company said it was raising its share repurchase plan to $35B and accelerating its 2013 share buybacks to about $10B... MAJOR MOVERS: Among the notable gainers were shares of 3D printer maker 3D Systems (DDD), up $2.54, or 4.03%, to $65.61 following comments made by President Obama during last night's State of the Union address. Also higher were shares of Trulia (TRLA), up $5.21, or 21.9%, to $29.00 following better than expected Q4 results, and Groupon (GRPN), up 28c, or 5.39%, to $5.57 after the stock was upgraded to Buy from Neutral at Sterne Agee. Among the noteworthy losers was Cliffs Natural (CLF), down $7.32, or 19.99%, to $29.29, after the company reported Q4 results, cut its dividend 76% to 15c per share, and the stock was downgraded by at least three analyst firms. Also lower were shares of Bankrate (RATE), down $1.93, or 15.59%, to $10.45, after its Q4 results missed street estimates and the stock was downgraded to Neutral at Citigroup. Also sliding was Carnival (CCL), down $1.56, or 4%, to $37.46 as the company's Triumph cruise ship, which has been stranded in the Gulf of Mexico, was towed ashore and the company detailed the impact of voyage disruptions and repair costs on its results in the first half of the year... INDICES: The Dow was down 35.79, or 0.26%, to 13,982.91; the Nasdaq was up 10.39, or 0.33%, to 3,196.88; and the S&P 500 was up 0.90, or 0.06%, to 1,520.33.
News For CMCSA;GE;DDD;TRLA;GRPN;RATE;CLF;CCL;CUK From The Last 14 Days
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May 19, 2015
06:29 EDTCMCSA21st Century Fox expects to continue investing in TV, Deadline reports
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06:01 EDTGEStocks with implied volatility below IV index mean; MSFT GE
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May 18, 2015
16:14 EDTGEColfax announces acquisition of Roots blowers & compressors
Colfax Corporation (CFX) announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit , also known as Industrial Air & Gas Technologies, from GE (GE) Oil & Gas for a cash consideration of $185M. Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Howden's global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio. In 2014, Roots had approximate revenues of $155 million and EBITDA of $22M. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "I am delighted to welcome the Roots team to Colfax. We are excited by the opportunities created by combining the Roots capabilities and application expertise with Howden's global footprint and continuous improvement culture. Like Howden, the Roots business has spent more than 150 years developing market leading products and solutions, and we look forward to continuing to innovate and grow." Mr. Simms continued, "Strengthening our businesses through bolt-on acquisitions is a core part of our strategy, and we continue to see a robust pipeline of opportunities."Closing of the acquisition is expected early in the third quarter following the fulfillment of certain conditions.
10:24 EDTCMCSAComcast EVP and GM, Video Services Strauss says in 'golden age' of TV
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09:36 EDTGEActive equity options trading on open
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09:07 EDTDDD3D Systems signs cooperative R&D agreement with NAVSEA
3D Systems announced a new cooperative R&D agreement with Naval Sea Systems Command's, or NAVSEA, Naval Surface Warfare Center Carderock Division, or NSWCCD. In accordance with this agreement, 3DS and the US Navy will jointly develop and evaluate 3D printing technology and materials for military uses, including helping the Navy fulfill a number of strategic initiatives. The US Navy's partnership with 3DS underscores the disruptive potential of 3D printing to redefine the supply chain for naval ship components, and reinforces 3DS' ability to continue to modernize the U.S. defense industrial base.
08:07 EDTGESplunk appoints Snehal Antani as Chief Technology Officer
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08:06 EDTCMCSAComcast shares attractive at current levels, says Wells Fargo
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07:27 EDTCMCSAJPMorgan to hold a conference
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07:10 EDTDDD3D Systems CFO transition negative, says RBC Capital
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06:56 EDTGEGE, Emerson said to be mulling bids for Aveva, Sunday Times reports
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06:05 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
05:42 EDTDDD3D Systems to host analyst meeting
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May 17, 2015
15:37 EDTCMCSAUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
May 15, 2015
18:37 EDTGEGeneral Electric awarded $105M government contract modification
General Electric - Aviation, Cincinnati, Ohio, has been awarded a $105M modification to previously awarded contract FA8650-09-D-2922 to cover the potential award of the Adaptive Engine Technology Development order. This additional research and the resulting data will further mature aircraft engine technologies and decrease risk to achieve a system level preliminary design review and subsequent Adaptive Engine Research Design compatibility review. Work will be performed at Cincinnati, Ohio, and is expected to be complete by Nov. 3, 2016. Funds will be obligated if additional in-scope work is awarded. Air Force Research Laboratory, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
09:31 EDTDDDAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
09:11 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
08:33 EDTDDD3D Systems announces mutual separation agreement with CFO Hull, Styka to succeed
3D Systems announced that it entered into a mutual separation agreement with Ted Hull, its Chief CFO, effective as of the end of the day on May 15, pursuant to which Hull will leave the company in order to meet company needs and to pursue his personal interests. The company further announced that David Styka, the company's current Chief Accounting Officer, has been named executive vice president and CFO effective as of Hull's departure.
06:49 EDTCMCSAComcast giving NBCUniversal access to viewer data, NY Post says
Comcast is going to share viewer data collected by set-top boxes to NBCUniversal, which will be added to NBCUniversal's Audience Targeting Platform, reports the NY Post, citing NBCUniversal's head of advertising sales and client partnerships, Linda Yaccarino. Reference Link
06:03 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
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