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Stock Market & Financial Investment News

News Breaks
May 2, 2012
17:26 EDTEND, SMSC, AMZN, CBS, TRIP, BKS, TGT, TWX, OPEN, MCHP, AAPL, CHK, CMCSAOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as generally good earnings reports were dampened by a weak private-sector jobs report. Stock futures traded slightly lower this morning ahead of the ADP employment change report. The report, which measures U.S. service sector jobs, missed expectations, precipitating a sell-off in futures and a lower open for the broader market. The market hit its low point about an hour into the session, with averages subsequently beginning to trade with an upward drift. The indices turned mixed around midday, with the Nasdaq crossing into positive territory after noon. From there, the averages continued to limp along in what was a lackluster session… ECONOMIC EVENTS: In the U.S., ADP said that 119,000 private-sector jobs were added in April, missing expectations for 170,000 job additions. Factory orders declined 1.5% in March, versus expectations of a 1.6% drop. In Europe, two pieces of disappointing data were reported: unemployment rose to 10.9% in the shared-currency bloc, and the eurozone's manufacturing sector contracted, with the manufacturing PMI for the region falling to 45.9 in April from 47.7 in March… COMPANY NEWS: A number of media companies reported better than expected results on both the top and bottom lines, including Comcast (CMCSA), Time Warner (TWX) and CBS (CBS), but only CBS saw its shares move up following its announcement. CBS shares gained 2.30%, while Comcast fell 0.60% and Time Warner moved 1.66% lower... Chesapeake (CHK) fell 14.59% after its earnings missed consensus and Reuters reported on new potential conflicts of interests for its CEO Aubrey McClendon… Target (TGT) has announced it will stop selling Amazon’s (AMZN) Kindle while continuing to offer similar products from Apple (AAPL) and Barnes & Noble (BKS)… MAJOR MOVERS: Among the notable gainers were Standard Microsystems (SMSC), up $10.19, or 38.83%, to $36.43, on news it will be acquired by Microchip Technology (MCHP) for $37 per share in cash, and TripAdvisor (TRIP), up $6.10, or 16.70%, to $42.63, following a better-than-expected Q1 earnings report. Noteworthy losers included Endeavour International (END), down $3.05, or 23.79%, to $9.77, as its Q1 net loss widened on poor natural gas sales in the U.K. and falling gas prices, and OpenTable (OPEN), down $6.56, or 15.02%, to $37.12, after the company missed on revenues and lowered its Q2 EPS and revenue guidance… INDICES: The Dow lost $10.75, or 0.08%, to $13,268.57; the Nasdaq rose $9.41, or 0.31%, to $3,059.85; and the S&P 500 dropped $3.51, or 0.25%, to $1,402.31.
News For CMCSA;TWX;CBS;CHK;TGT;AMZN;AAPL;BKS;SMSC;MCHP;TRIP;END;OPEN From The Last 14 Days
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December 8, 2014
16:00 EDTAAPL, AMZNOptions Update; December 8, 2014
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14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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13:16 EDTAAPLApple trades off session lows, levels to watch
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10:00 EDTTWX, CBSOn The Fly: Analyst Initiation Summary
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08:50 EDTAMZNAmazon increasing robot fulfilment use faster than expected, says Janney Capital
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07:23 EDTCBSUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:30 EDTAMZNAmazon's German workers strike again, WSJ reports
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06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 7, 2014
12:26 EDTCBSCBS, DISH reach content carriage agreement
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December 5, 2014
16:55 EDTCBSCBS initiated with a Neutral at UBS
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16:55 EDTTWXTime Warner initiated with a Buy at UBS
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16:52 EDTBKSDow just below 18K as market finishes week with gains
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15:12 EDTBKSBarnes & Noble NOOK said to be potential target for Wal-Mart, Bloomberg reports
Wal-Mart (WMT) is interested in e-books and could target Barnes & Noble's (BKS) NOOK Media, said TheDeal, according to Bloomberg.
11:23 EDTAAPLOption volume leaders
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09:36 EDTAMZN, AAPLActive equity options trading
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
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