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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:43 EDTCUK, RATE, DDD, CCL, GRPN, GE, CLF, TRLA, CMCSAOn 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 Electric’s (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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January 20, 2015
06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
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January 16, 2015
18:07 EDTCMCSACongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
11:36 EDTCLFCliffs Natural volatility elevated on wide price movement
Cliffs Natural January weekly call option implied volatility is at 96. January is at 98, March is at 88, compared to its 26-week average of 79 according to Track Data, suggesting large price movement.
09:09 EDTCMCSAYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
January 15, 2015
16:20 EDTCLFOn The Fly: Closing Wrap
Stocks on Wall Street had a see-saw trading day, with every attempt at getting the averages into positive territory being met with more selling. The market spent most of the day in negative territory, however, as the latest bank earnings reports failed to impress investors, the price of oil renewed its downtrend, and the Swiss National bank withdrew its floor support on the Swiss franc. ECONOMIC EVENTS: Internationally, Switzerland's central bank unexpectedly gave up its minimum exchange rate, sending the Swiss franc soaring against the dollar and euro and triggering wild swings in its equity markets. In the U.S., initial jobless claims rose 19K to 316K in the week ended January 10, versus expectations for 298K first-time claims. The producer price index fell 0.3% in December, versus expectations for a decrease of 0.4%. The core PPI rate rose 0.3% in the month, versus expectations for it to be up 0.1%. The Empire State index rebounded to 9.95 in January, beating expectations for a 5.0 reading for the measure of manufacturing activity in the New York area. The Philly Fed index fell 18.0 points to 6.3 in January, which was worse than the projected pullback to a reading of 18.7. WTI crude oil, the U.S. benchmark, reversed its early gains to end the trading session down 4.6% at $46.25 per barrel. COMPANY NEWS: Shares of Target (TGT) advanced $1.34, or 1.8%, to $75.67 after the retailer announced plans to stop operating stores in Canada. Target expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond. The company also raised its forecasts for Q4 U.S. comparable sales growth and adjusted earnings per share, mostly due to increased traffic and stronger-than-expected digital sales... Bank of America (BAC) slid 84c, or 5.24%, to $15.20 after reporting its fourth quarter results, while Citigroup (C), which also issued its Q4 report, dropped $1.82, or 3.71%, to $47.23. MAJOR MOVERS: Among the notable gainers was Cliffs Natural Resources (CLF), which rose 93c, or 11.94%, to $8.72 amid strength in the basic materials sector. Also benefitting the stock may have been a Bloomberg report that said an adviser to Quebec's investment arm stated that Cliffs' closed down Bloom Lake mine has attracted interest from several potential buyers. Also higher were shares of Kraft Foods (KRFT), which climbed $2.92, or 4.66%, to $65.68 after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. Also of note, the Consumer Analyst Group of New York confirmed to Bloomberg that the food and beverage manufacturer canceled its upcoming conference appearance. Among the noteworthy losers was Best Buy (BBY), which dropped $5.61, or 14.06%, to $34.30 after reporting holiday growth that was lower than previous quarters, citing factors including weakness in tablets, and guiding toward comparable sales in the first half of FY16, excluding certain items, to be flat to down by a low-single digit percentage. Also lower were shares of BlackBerry (BBRY), which declined $2.49, or 19.77%, to $10.10 after the company said last night that it is not in talks with Samsung (SSNLF) about a potential merger, rebutting a Reuters report. INDEXES: The Dow fell 106.38, or 0.61%, to 17,320.71, the Nasdaq dropped 68.50, or 1.48%, to 4,570.82, and the S&P 500 declined 18.60, or 0.92%, to 1,992.67.
16:01 EDTCLFOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
15:57 EDTCLFCliffs Natural said to have multiple suitors for mine, Bloomberg reports
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15:32 EDTCLFCliffs Natural said to have multiple suitors for Bloom Lake, Bloomberg reports
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10:29 EDTGRPNOptions with increasing implied volatility
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08:08 EDTGRPNGroupon upgraded at Evercore ISI
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06:15 EDTGRPNGroupon upgraded to Hold from Sell at Evercore ISI
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06:01 EDTGEMcDermott and GE launch io oil & gas consulting
McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.
05:22 EDTGEGE Oil & Gas, McDermott launch io oil & gas consulting
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January 14, 2015
10:39 EDTGRPNOptions with increasing implied volatility
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08:37 EDTDDD3D Systems says David Styka joins company as Chief Accounting Officer
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January 13, 2015
11:31 EDTCLFBofA/Merrill metals & steel analysts hold analyst/industry conference call
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10:32 EDTCLFStocks with call strike movement; CLF FEYE
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05:50 EDTGRPNStocks with implied volatility movement; GRPN FEYE
Stocks with implied volatility movement; Groupon (GRPN) 70, FireEye (FEYE) 66 according to iVolatility.
January 12, 2015
15:49 EDTCMCSAGaiam partners with Comcast to launch Gaiam TV Fit & Yoga
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11:26 EDTGRPNGroupon February volatility elevated at 83
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