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Stock Market & Financial Investment News

News Breaks
March 6, 2014
12:28 EDTAAPL, BJRI, LOV, COST, SPLS, P, PXLWOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a drop in weekly jobless claims may have increased confidence that tomorrow's closely watched monthly jobs report may not be as bad as feared. Other reports showed factory orders fell in January and fourth quarter non-farm productivity was downwardly revised, but both of those were widely expected. The Dow has been today’s leader while the Nasdaq has been the laggard, reversing yesterday's trend. ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 26K to 323K, which was better than the forecast for 335K initial claims. The government's estimate of productivity growth in the fourth quarter was lowered sharply to 1.8% from 3.2%, though this was generally in line with analysts' expectation. Unit labor costs fell 0.1% in the quarter, which was less than anticipated. Factory orders declined 0.7% in January, though that was only a bit worse than expected and was improved from the prior month's drop. Excluding transportation, orders were up 0.2%. In Europe, the European Central Bank and the Bank of England kept their key interest rates unchanged. COMPANY NEWS: Wholesale club operator Costco (COST) fell over 2% after its second quarter earnings and sales came in below analysts consensus estimate. Costco said its second quarter comparable store sales rose 3% and that its February comparable store sales were up 2%... Shares of office products retailer Staples (SPLS) plunged 15% after the company's fourth quarter results and first quarter guidance trailed expectations. The company also announced it expects to close up to 225 stores in North America by the end of 2015 and that it will no longer provide annual sales or EPS guidance. MAJOR MOVERS: Among the notable gainers was Pixelworks (PXLW), which jumped 55% after the company disclosed that more than 10% of its revenue in 2013 was attributable to its sales to Apple (AAPL). Also higher was BJ's Restaurants (BJRI), which rose 18% after two different investor groups stated their intent to nominate slates to stand for election to BJ's board and the stock was upgraded to Buy at Buckingham. Among the noteworthy losers was internet radio provider Pandora (P), which fell 2.5% after its listener hour growth decelerated to 9% in February and the company announced it will discontinue its monthly report of key metrics. Also lower was Spark Networks (LOV), which was downgraded at both Canaccord and William Blair and fell 21% after the company's earnings report and forecast that revenue from its Christian Mingle website would drop modestly in 2014. INDEXES: Near midday, the Dow was up 85.41, or 0.52%, to 16,445.59, the Nasdaq was up 10.94, or 0.25%, to 4,368.92, and the S&P 500 was up 7.63, or 0.41%, to 1,881.44.
News For COST;SPLS;P;PXLW;AAPL;BJRI;LOV From The Last 14 Days
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July 15, 2014
09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
06:43 EDTAAPLApple reportedly considering Carney for PR head position, Re/code reports
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06:32 EDTSPLSStaples, USPS cease in-store mini-post office program, Reuters says
After several protests outside of its stores, Staples said it is set to end a pilot program with the U.S. Postal Service to set up mini-post offices in the firm's retail locations, according to Reuters, citing comments from spokeswomen representing Staples and the USPS. Reference Link
06:30 EDTPDOJ investigating music publishing, possible price coordination, WSJ reports
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06:20 EDTAAPLBoy's rash linked to possible exposure to nickel found in iPad, WSJ reports
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July 14, 2014
16:30 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; July 14, 2014
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12:21 EDTAAPLOn The Fly: Midday Wrap
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10:18 EDTAAPLGT Advanced retreats after downgrade citing production concerns
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10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading on open
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09:16 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
09:14 EDTAAPLApple's iCloud Mail experiencing an outage for some users
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08:04 EDTAAPLInvenSense should be bought ahead of results, says Pacific Crest
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07:41 EDTAAPL, AAPLGT Advanced 's 2014 guidance at risk, says CLSA
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07:24 EDTAAPLApple may not release 5.5-inch 'phablet' iPhone this year, Apple Insider reports
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07:24 EDTAAPLApple estimates raised above consensus at Morgan Stanley
Morgan Stanley's survey results suggests June quarter iPhone demand upside. The firm raised its iPhone unit estimate to 36M from 34M and increased its EPS estimate to $1.24 from $1.18, vs. consensus of $1.22 and 2015 EPS estimate to $2.33 from $2.25, 11% above consensus. The analyst added iWatch estimates into its model and sees unit sales in the 30M-60M range for the firm 12 months. Shares are rated Overweight with a $110 price target, up from $98.57.
06:40 EDTAAPLApple responds to China broadcaster's privacy charges, China Daily says
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06:08 EDTAAPLABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
05:44 EDTAAPLApple upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded its rating on Apple (AAPL) shares to Overweight citing its channel checks which indicate near-term upside to consensus estimates and strong new products into 2015. The firm also believes troubles at Samsung are creating an opportunity for Apple to regain market share. Barclays raised its price target for Apple shares to $110 from $95. The stock closed Friday at $95.22.
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