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News Breaks | | | | May 2, 2012 | | 17:26 EDT |  | AAPL, CHK, CMCSA, END, SMSC, AMZN, CBS, TRIP, BKS, TGT, TWX, OPEN, MCHP | On 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. | |
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News For CMCSA;TWX;CBS;CHK;TGT;AMZN;AAPL;BKS;SMSC;MCHP;TRIP;END;OPEN From The Last 14 Days Check below for free stories on CMCSA;TWX;CBS;CHK;TGT;AMZN;AAPL;BKS;SMSC;MCHP;TRIP;END;OPEN the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | AAPL | Options Update; May 17, 2013
 Subscribe for More Information | | | 15:51 EDT |  | CMCSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT |  | CMCSA | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 12:13 EDT | | AAPL | Samsung says S4 sales to reach 10M next week, Korea Times says
Subscribe for More Information | | | 12:01 EDT | | AAPL | iPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says
AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link | | | 11:05 EDT | | AAPL | Apple devices approves for use on U.S. military networks, Bloomberg says
Subscribe for More Information | | | 09:57 EDT | | AAPL | Apple devices approved for use by Pentagon, Bloomberg reports
Subscribe for More Information | | | 09:37 EDT | | AAPL | Active equity option families trading on open
Subscribe for More Information | | | 07:11 EDT | | AAPL | Apple to suggest tax reform for offshore cash, Bloomberg reports
Subscribe for More Information | | | 07:10 EDT | | AMZN | U.K. to question Amazon over income tax, Reuters reports
Subscribe for More Information | | | | 06:43 EDT | | AMZN, AAPL | Apple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link | | | 06:12 EDT | | AMZN, AAPL | Apple losing its edge as innovator, poll shows, Bloomberg reports
Subscribe for More Information | | | 06:06 EDT | | AMZN, AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | May 16, 2013 | | 14:01 EDT | | AAPL | Options Update; May 16, 2013
Subscribe for More Information | | | 13:05 EDT | | AAPL | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | 12:33 EDT | | CHK | Chesapeake volatility at 29-month lows
Subscribe for More Information | | | 10:20 EDT |  | AAPL | Apple reverses sharply higher after breaking below $420
Subscribe for More Information | | | 10:03 EDT |  | AAPL, AMZN | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:02 EDT |  | TGT | Target losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target. | | |
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