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Stock Market & Financial Investment News

News Breaks
May 10, 2012
16:47 EDTCSCO, NWSA, TSLA, MNST, ARX, AMAGOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, as a disappointing outlook from Cisco (CSCO) and continued worries about Europe weighed on the averages. Stock futures moved higher following the in line jobless claims data, leading to a higher open for the broader market. The market met resistance at the open and began to pullback before making a second run at the resistance level. After failing a second time the market began to give up its gains, with the Nasdaq falling into negative territory. By the afternoon the market had strengthened and once again all three of the major equity indices were above the flat line. However, at the close the Nasdaq was back in the red, barely preventing the big three from ending positive for the first time in several days… ECONOMIC EVENTS: In the U.S., 367,000 initial jobless claims were reported, basically falling in line with last week's figure and with consensus estimates. The U.S. trade deficit grew 14.1% to $51.83B in March, versus estimates of $50.0B. Also, the U.S. Treasury posted a $59.1B budget surplus for April, versus expectations of a surplus of $35B. In Europe, some fears about Spain's banking system eased after its government said it will nationalize the country's fourth-largest bank... COMPANY NEWS: Cisco reported quarterly earnings and revenue that just beat consensus views but forecast earnings in the coming quarter below the Street's expectations. The company's pessimistic view on challenges in Europe and weakness in India resonated with investors and the stock slid more than 10%... News Corp. (NWSA) shares gained close to 5% after the company reported revenue and profit that beat expectations and it raised its stock repurchase program by $5B to $10B... MAJOR MOVERS: Among the notable gainers were Tesla Motors (TSLA), up $2.90, or 9.65%, to $32.96, after it reported quarterly sales and losses that were worse than expected but also increased the low end of its full year revenue guidance, and Monster Beverage (MNST), up $5.86, or 8.97%, to $71.17, after the energy-drink maker reported Q1 results that exceeded expectations, with volume and gross margin increasing. Noteworthy losers included Aeroflex Holding (ARX), down $2.44, or 25.39%, to $7.17, after missing on Q3 EPS and revenue and making Q4 predictions that fell well short of analyst estimates, and AMAG Pharma (AMAG), down $2.35, or 14.67%, to $13.67, after the company named a new CEO and indicated it would stop seeking to sell itself... INDICES: The Dow gained $19.98, or 0.16%, to $12,855.04; the Nasdaq fell $1.07, or 0.04%, to $2,933.64; and the S&P 500 added $3.41, or 0.25%, to $1,357.99.
News For CSCO;NWSA;TSLA;MNST;ARX;AMAG From The Last 14 Days
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October 13, 2014
07:26 EDTMNSTAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
October 12, 2014
17:21 EDTTSLATesla ahead of other car makers on semiautonomous driving system, WSJ says
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17:20 EDTCSCOGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
17:14 EDTTSLAMarket ends week lower amid global growth worries
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16:02 EDTTSLAActionable Options for Friday, October, 10
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15:58 EDTTSLATesla breaks support, levels to watch
Shares are ending near session lows, last at $236.76. Support is at the session low at $235.20. Resistance is at previous support at $238.49.
12:52 EDTTSLATesla shares sink after all-wheel drive model unveiling
Shares of Tesla (TSLA) are falling after the company's CEO, Elon Musk, introduced an all-wheel drive model and some autonomous driving features on a number of its vehicles. On October 2, Musk had teased on Twitter that Tesla would "unveil D, something else,' exciting investors. WHAT'S NEW: Musk last night said Tesla would enable consumers to buy an all-wheel drive version of the company's Model S electric vehicle. The all wheel drive feature will increase the speed and efficiency of vehicles, Musk said. It will also enable the cars to drive more effectively in poor driving conditions, the CEO stated. The feature will be offered on the company's new advanced Model S car, the P85D, which will cost $120,000. The feature can be added onto other Tesla vehicles for $4,000. Additionally, Musk announced that all new Model S vehicles will have a number of auto pilot features. Among other capabilities, the new vehicles will be able to change lanes and park on their own, the CEO said. ANALYST REACTION: The updates unveiled by Tesla largely add features already offered by other companies, Merrill Lynch analyst John Lovallo II wrote For example, Mercedes has been offering all wheel drive since 1985, and Subaru offers the technology as a standard feature on almost all of its vehicles, Lovallo stated. Several companies also offer the speed limit reading feature, the analyst reported. Tesla's ability to drive its share price up at will, exhibited by the rise in the stock following Musk's tweet, could create a significant risk for shareholders, the analyst warned. He kept an Underperform rating on the name. WHAT’S NOTABLE: Shares of Mobileye (MBLY), which develops components for automatic driver-assist systems, are falling today. Mobileye investors may be disappointed that Tesla did not offer more advanced autonomous driving features. PRICE ACTION: In early afternoon trading, Tesla slumped 6% to $242 and Mobileye sank 7% to $50.50.
09:57 EDTTSLATesla drops after 'D' announcement, levels to watch
The shares are down over 6% to $241. At that price next support is at $240.24 and then at $238.49. Resistance is at $245.26.
09:21 EDTTSLATesla's announcement may fail to impress investors, says BofA/Merrill
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09:00 EDTTSLAOn The Fly: Pre-market Movers
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06:14 EDTTSLATesla unveils all-wheel-drive version of Model S
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October 9, 2014
19:36 EDTTSLAElon Musk says worldwide Tesla fleet has surpassed 500M cumulative miles
Elon Musk said in a twitter post, "Just got word that the cumulative miles of the worldwide Tesla fleet passed half a billion!" Reference Link
16:00 EDTTSLAOptions Update; October 9, 2014
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15:55 EDTTSLATesla volatility elevated into announcement
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13:39 EDTCSCOCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
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11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
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10:13 EDTTSLATesla volatility increases into announcement
Tesla October weekly call option implied volatility is at 76, October is at 42, November is at 51, December is at 42; compared to its 26-week average of 46 according to Track Data, suggesting large near term price movement into an announcement scheduled for today.
06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:48 EDTTSLATesla added to U.S. Focus List at Credit Suisse
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