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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:43 EDTCUK, CMCSA, GE, DDD, TRLA, GRPN, RATE, CLF, CCLOn 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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October 17, 2014
09:59 EDTCMCSAComcast volatility elevated into Q3 and outlook
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09:29 EDTCMCSAComcast it top large cap pick into the print, says Goldman
Goldman said Comcast is its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. Shares are Buy rated with a $64 price target.
09:20 EDTGEGeneral Electric says Alstom deal progressing on schedule
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09:17 EDTCLF, GEOn The Fly: Pre-market Movers
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09:08 EDTGEGE says U.S. economy 'probably best' its been since financial crisis
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09:05 EDTGEGeneral Electric see GE Capital Q4 earnings about $1.8B
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08:55 EDTGEGeneral Electric backs view of 300 GENx units shipped for year
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08:54 EDTGEGeneral Electric says Oil & Gas orders volatile, some pushed out
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08:48 EDTCLFBofA/Merrill global steel analysts hold analyst/industry conference call
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08:41 EDTGEGeneral Electric reports Q3 orders up 22% to $31.4B, backlog $250B
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08:36 EDTGEGE CEO sees 2014 Industrial organic growth at high-end of framework
General Electric Chairman and CEO Jeff Immelt speaking on the company's Q3 earnings conference call.
08:24 EDTCCL, CUKCarnival ship asked to return to U.S. over Ebola concern
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08:00 EDTCMCSAHBO may have fight with cable operators over OTT service price, Reuters says
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07:15 EDTGEGE repeats view for FY14 revenue flat to up 5%, consensus $148.89B
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06:37 EDTGEGeneral Electric on track to close sale of GE Money Bank in Q4
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06:36 EDTGEGeneral Electric on track to meet goal or $1B in structural cost-out for year
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06:36 EDTGEGeneral Electric targets complete exit from Synchrony Financial in late 2015
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06:35 EDTGEGeneral Electric reports Q3 industrial segment growth of 9% to $4.3B
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06:34 EDTGEGeneral Electric reports Q3 EPS 38c, consensus 37c
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06:09 EDTCLFCliffs Natural expects to record non-cash impairment of about $6B in Q3
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