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Stock Market & Financial Investment News

News Breaks
November 14, 2012
12:39 EDTIAG, CSCO, FB, STMP, ANFOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the sluggish trading that has persisted since the end of the U.S. election continues. The averages began the session in positive territory but were unable to improve on their opening prices. The fiscal cliff continues to weigh on the market as lawmakers continue to comment to the press regarding its urgency but have not offered any solutions. The lack of movement on the issue, coupled with new, more aggresive revenue demands from the president, have kept investors anxious and unwilling to bid up the market... ECONOMIC EVENTS: In the U.S., retail sales fell 0.3% in October, versus expectations for a decline of 0.2%. Producer prices fell 0.2% in the month, versus forecasts for them to have increased 0.2%. Excluding food and energy, the core reading fell 0.2%, versus the expected increase of 0.4%. Business inventories rose 0.7% in September, versus expectations for an increase of 0.6%. In Europe, industrial production dropped the most in more than three years in September, declining 2.5% from August and 2.3% from the prior year... COMPANY NEWS: Cisco (CSCO) reported stronger than expected first quarter results and generally in-line second quarter earnings guidance, sparking an upgrade at Pacific Crest and a 6% rally in its shares... MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), which surged over 27% after its better than expected quarterly results and full year guidance prompted at least four upgrades of its stock. Also higher were shares of Facebook (FB), up 9% in spite of a massive IPO lock-up expiration that allowed employees and early investors in the company to sell their shares. Among the noteworthy losers were IAMGOLD (IAG), down 18% after reporting its quarterly results and revising its gold production guidance for its next fiscal year, and Stamps.com (STMP), down 11% after Craig-Hallum said the company's site experienced a number of outages in November due to IT issues... INDICES: Near 12:30 pm ET, the Dow was down 75.18, or 0.59%, to 12,681.00; the Nasdaq was down 7.48, or 0.26%, to 2,876.41; and the S&P 500 was down 6.54, or 0.48%, to 1,367.99.
News For CSCO;ANF;FB;IAG;STMP From The Last 14 Days
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January 22, 2015
07:34 EDTIAGIAMGOLD sees 2015 gold production 820K-860K ounces
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06:11 EDTFBWhatsApp now available in web browsers
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05:53 EDTCSCOCisco price target raised to $33 from $26 at Piper Jaffray
Piper Jaffray raised its price target for Cisco to $33 saying it is more positive on shares after its 2015 survey of chief investment officers indicated managements expect to increase their budgets on Switching, Routing, WLAN and Security. Piper believes Cisco is well positioned for increased spending and reiterates an Overweight rating on the stock. The networking giant closed yesterday down 23c to $27.84.
January 21, 2015
18:27 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
17:00 EDTCSCOCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTCSCOOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
16:00 EDTFBOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
11:23 EDTANFSnow Capital reports 5.1% passive stake in Abercrombie & Fitch
January 20, 2015
06:57 EDTFBFacebook to upgrade Messenger app, experiment with revenue generation, WSJ says
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06:02 EDTFBFacebook acquires boutique firm Teehan+Lax, terms not disclosed
Toronto-based boutique firm Teehan+Lax announced in a blog post on Friday that the company will join Facebook's design team in California. T+L said "In a few weeks we will be moving to the San Francisco Bay Area. This will mean saying goodbye to family, friends, Toronto, and Teehan+Lax." Terms of the deal have not been disclosed. Reference Link
January 18, 2015
16:34 EDTFBFacebook job listings hint at push into virtual reality, Reuters says
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January 16, 2015
07:03 EDTIAGIAMGOLD cleared to complete sale of Niobec for $530M
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January 15, 2015
13:07 EDTCSCONetworking trends seen as boon for Cisco, others
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06:27 EDTCSCOIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
10:27 EDTFBFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTFBFacebook initiated with a Buy at Rosenblatt
Target $100.
07:17 EDTFBFacebook price target raised to $100 from $88 at Oppenheimer
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07:13 EDTFBFacebook price target raised to $102 on FAN contribution at Credit Suisse
Credit Suisse raised Outperform rated Facebook's price target to $102 from $88 to reflect new mobile ad network FAN into its estimates. The analyst expects Premium Video to have a greater impact on 2015 financials and longer-term for new products and yet-to-be monetized properties to continue to drive estimates.
06:07 EDTSTMPConestoga Capital reports 5.33% passive stake in Stamps.com
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January 13, 2015
11:42 EDTFBJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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