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Stock Market & Financial Investment News

News Breaks
March 1, 2013
06:05 EDTDIS, CVC, CVS, GRPN, CMCSA, NWSA, RAD, GLNCY, VZ, TWX, WAG, DTVOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Drugstore chains (CVS, WAG, RAD) are branching out into health-care services, as a way to counter a slowdown in prescription drug sales and evolve beyond just dispensing pills. They see big opportunities as millions of uninsured Americans pick up health coverage next year. The upside is in making sure current patients stay on their medications or providing alternative venues for medical treatment, even if it is done virtually, the Wall Street Journal reports...What happens when the "bundle" begins to unravel? The question is taking on intense importance for the cable-TV business (CVC, TWX, NWSA, DIS, VZ, CMCSA, DTV). Attacks on the bundle approach have escalated. Now pay-TV executives, as well as its customers, are openly pondering a world where the bundle no longer reigns, even though such a scenario could be years away, the Wall Street Journal reports...REUTERS: Glencore (GLNCY) supplied thousands of tons of alumina to the Iranian Aluminum Co. (Iralco) that has provided aluminum to Iran's nuclear program, intelligence and diplomatic sources say, Reuters reports...The $85B in across-the-board "sequestration" cuts designed to hit most U.S. government programs were set to begin today. What they were not likely to do, at least as far as financial markets were concerned, was cause enough damage to derail a U.S. economy that has been gaining momentum, Reuters reports...BLOOMBERG: The firing of Groupon (GRPN) CEO Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8M in the past three years, Bloomberg reports...Two Chinese Manufacturing indexes revealed a slower-than-estimated pace of expansion, a signal that the nation’s economic recovery may be losing steam, Bloomberg reports.
News For CVS;WAG;RAD;CVC;TWX;NWSA;DIS;VZ;CMCSA;DTV;GLNCY;GRPN From The Last 14 Days
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June 18, 2013
18:04 EDTDISDisney Consumer Products poised for incremental retail sales growth
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09:06 EDTDIS, TWXAmazon Kindle FreeTime Unlimited adds new kids content
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08:30 EDTRADRite Aid discloses receipt of additional DEA subpoenas in April
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06:14 EDTVZVerizon eyes Canada's Wind Mobile, Bloomberg reports
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June 17, 2013
11:18 EDTVZSamsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link
09:55 EDTVZVerizon considering move into Canada, Globe and Mail says
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09:02 EDTWAGOmnicare, Walgreen's should not see margin falloff, says UBS
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08:22 EDTGLNCYMining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link
07:41 EDTGRPNGroupon seeing early signs of a turnaround, says Morgan Stanley
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07:11 EDTTWX, DIS'Man of Steel' earns $113M in debut weekend, Bloomberg says
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06:53 EDTCMCSAComcast upgraded to Strong Buy from Outperform at Raymond James
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05:51 EDTGRPNFor Groupon, much more work to do, WSJ reports
Groupon (GRPN) was supposed to be at risk of collapse. Bears growled about its gigantic marketing budget and lack of barriers protecting its business. But then the stock surged 12% Friday after Deutsche Bank (DB) published a report recommending investors buy. Now up almost threefold from its all-time low last November, Groupon has clearly put the biggest fears to rest. Yet, at $7.65, Groupon gets too much credit for a return to peppy growth when it still has much work to do, reports the Wall Street Journal's "Heard on the Street."Reference Link
June 16, 2013
19:51 EDTDIS, TWX'Man of Steel' opens way for DC Comics to challenge in superhero genre, WSJ says
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June 14, 2013
12:43 EDTGRPNOn The Fly: Midday Wrap
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10:10 EDTGRPNOn The Fly: Analyst Upgrade Summary
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09:58 EDTGRPNGroupon rallies after Deutsche ups rating to Buy
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09:53 EDTGRPNGroupon rises after upgrade, price target bump, levels to watch
The shares are up over 11.38% to $7.64 in the pre-market following an upgrade by Deutsche Bank to Buy, with a $10 price target, up from $6. The firm cited its belief that the company can grow billings as well as improved sentiment concerning the company. Next resistance based on current price is at $8.16. Support is at $7.48.
09:24 EDTGRPN, NWSAOn The Fly: Pre-market Movers
HIGHER: Groupon (GRPN), up 8% following upgrade at Deutsche Bank... SolarCity (SCTY), up 8% following upgraded to Outperform from Neutral at Credit Suisse... Smith & Wesson (SWHC), up 5.4% after earnings pre-announcement, share buyback plan... Elan (ELN), up 7.7% after starting formal sale process. UP AFTER EARNINGS: Restoration Hardware (RH), up 12.5%. LOWER: China Ming Yang Wind Power (MY), down 4% after CFO steps down... Myriad Genetics (MYGN), down another 4.9% after Supreme Court ruling yesterday on gene patents... News Corp. (NWSA), down 1.5% after CFO announces plan to retire following split.
07:15 EDTVZNSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link
05:47 EDTGRPNGroupon upgraded to Buy from Hold at Deutsche Bank
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