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Stock Market & Financial Investment News

News Breaks
February 28, 2014
10:17 EDTMBI, WAC, NIHD, HDS, DANGHigh option volume stocks: DANG NIHD MBI HDS WAC
News For DANG;NIHD;MBI;HDS;WAC From The Last 14 Days
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July 1, 2015
13:41 EDTMBIMBIA subsidiary says Puerto Rico obligors made required payments
National Public Finance Guarantee Corporation, an indirect subsidiary of MBIA, announced that the Puerto Rico Electric Power Authority and all other Puerto Rico-related obligors with National-insured debt service payments due July 1, made such payments as scheduled. As a result, there were no claims on any of Nationalís insurance policies.
10:28 EDTMBIOptions with increasing implied volatility
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09:58 EDTMBIPREPA says bond payments due today were made, Bloomberg reports
PREPA is Puerto Rico's power authority. Finance related firms exposed to Puerto Rico that have recently been volatile amid the commonwealth's debt crisis include Assured Guaranty (AGO), MBIA (MBI), First Bancorp (FBP) and Popular (BPOP).
05:50 EDTMBIStocks with implied volatility movement; ZNGA MBI
Stocks with implied volatility movement; Zynga (ZNGA) 66, MBIA (MBI) 114 according to iVolatility.
June 30, 2015
14:35 EDTMBIPuerto Rico will make July 1 payment on general obligation debt, Reuters reports
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10:30 EDTMBIMBIA volatility increases on sharp sell off
MBIA July weekly call option implied volatility is at 199, July is at 122, August is at 88, November is a 79; compared to its 52-week range of 32 to 89, suggesting large near term price movement on Puerto Rico debt concerns.
10:26 EDTMBIOptions with increasing implied volatility
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10:06 EDTMBIMBIA plunges on Puerto Rico debt concerns
The stock is down over 20% at time of writing to $5.03, a fresh 52-week low. At that price next support is at $4.82. Resistance is at $5.32.
05:52 EDTMBIStocks with implied volatility movement; MBI AGO
Stocks with implied volatility movement; Assured Guaranty (AGO) 73, MBIA (MBI) 94 according to iVolatility.
June 29, 2015
16:22 EDTMBIOn The Fly: Top stock stories for Monday
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13:48 EDTMBIFinance related firms exposed to Puerto Rico plummet after debt worry
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12:24 EDTMBIOn The Fly: Top stock stories at midday
Stocks on Wall Street were sharply lower at midday after a surprise power play by the country's Prime Minister may lead to either his exit from power or the country's exit from the euro zone. ECONOMIC EVENTS: In Europe, Greek Prime Minister Alexis Tsipras called a surprise referendum for July 5 on the terms put forth by the countryís creditors in exchange for additional rescue funding. Meanwhile, the European Central Bank decided not to expand its emergency liquidity assistance to Greek banks, leading the country to shut down its banking system and move to impose capital controls. In Asia, the Peopleís Bank of China cut the one-year lending rate by 25 basis points to 4.85% and lowered the amount of reserves certain banks are required to hold by 50 basis points, but the Shanghai Composite still closed the day with another 3.3% in losses. In the U.S., the National Association of Realtors' pending home sales index rose 0.9% to 112.6 in May, which was roughly in-line with expectations but also marked the highest level since April 2006. COMPANY NEWS: Shares of several coal miners advanced after the Supreme Court overturned the Environmental Protection Agency's air quality regulations for power plants, stating that the regulator did not properly take into account the costs to utilities and others in the sector. Peabody Energy (BTU) rose 5% after the ruling, while Arch Coal (ACI) gained 8% and Cloud Peak Energy (CLD) added about 3%. MAJOR MOVERS: Among the notable gainers was Aratana Therapeutics (PETX), which jumped 17.5% after the company announced results from its study of capromorelin, the company's therapeutic for appetite stimulation in dogs. Also higher was Amphenol (APH), which gained 4% after announcing it has entered into exclusive negotiations and has made a binding offer to acquire 100% of the shares of FCI Asia, which is involved in interconnect solutions for the telecom, datacom, wireless communications and industrial markets, for $1.275B from its private equity owner Bain Capital. Among the noteworthy losers were bond insurers MBIA (MBI), which dropped 18%, and Assured Guaranty (AGO), which fell 13.5%, after Puerto Rico's Governor said that the commonwealth would not be able to pay its debts and called for concessions from the islandís creditors. Both stocks were downgraded at BTIG following the news. Also lower following the news in Puerto Rico were First Bancorp (FBP), the bank holding company for FirstBank Puerto Rico, and Popular (BPOP), the parent of Banco Popular de Puerto Rico. Shares of Vitae Pharmaceuticals (VTAE) declined 16% after the company announced that an ongoing Phase 2 trial of its treatment of overweight type 2 diabetic patients did not meet partner Boehringer Ingelheim's predefined endpoint criteria. INDEXES: Near midday, the Dow was down 218.57, or 1.22%, to 17,728.11, the Nasdaq was down 69.65, or 1.37%, to 5,010.85, and the S&P 500 was down 25.68, or 1.22%, to 2,075.81.
11:29 EDTMBIMBIA downgraded to Neutral from Buy at MKM Partners
10:09 EDTMBIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
09:18 EDTMBIOn The Fly: Pre-market Movers
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08:34 EDTWACWalter Investment adopts one-year shareholder rights plan
Walter Investment announced that its board has adopted a one year shareholder rights plan. Walter Investment's board adopted the rights plan in response to accumulations of the company's shares in the market. The rights plan is intended to enable all Walter Investment shareholders to realize the full value of their investment in the company and to reduce the potential that any person or group could gain control of the company by open market accumulation or other tactics without paying a control premium. The rights plan applies equally to all current and future stockholders and is not intended to deter offers that are fair and otherwise in the best interests of the company's shareholders. The rights plan, which has a 20% beneficial ownership threshold, may be amended, redeemed or terminated by the board at any time prior to being triggered or its expiration on June 29, 2016. The rights plan exempts any person or group currently owning 20 percent or more of the company's common stock. However, the rights will be exercisable if a person or group that already owns 20 percent or more of the company's common stock acquires any additional shares after the time of announcement of the rights plan.
08:04 EDTMBIMBIA downgraded to Neutral from Buy at BTIG
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07:43 EDTMBIMBIA volatility increases on Puerto Rico debt concerns
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June 26, 2015
13:59 EDTNIHDNII Holdings emerges from Chapter 11 reorganization
NII Holdings announced that it has satisfied the conditions to the effectiveness of the First Amended Joint Plan Of Reorganization of the company and certain of its subsidiaries that was confirmed by the United States Bankruptcy Court for the Southern District of New York on June 19 and has successfully emerged from its Chapter 11 reorganization proceedings. Under the Plan, a new Board of Directors of NII consisting of seven directors was created at the time the Plan became effective. Currently the directors include CEO Steven Shindler, Kevin Beebe, James Continenza, Howard Hoffmann, Ricardo Knoepfelmacher and Christopher Rogers with one director vacancy that is expected to be filled in coming weeks. Under the Plan, approximately 100 million shares of NII Holdings' new common stock and $745M in cash will be distributed to holders of senior notes issued by the Company's subsidiaries, NII Capital Corp. and NII International Telecom S.C.A. The Company has applied to list the shares of NII Holdings' new common stock on the NASDAQ Stock Exchange. It is expected that the conditions to that listing will be satisfied in coming weeks, at which time the shares are expected to trade under its former ticker symbol "NIHD".
11:00 EDTMBIOptions with increasing implied volatility
Options with increasing implied volatility: SRPT AGO CRC WMB AMZN CMG TRIP ZTS AET MBI
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