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Stock Market & Financial Investment News

News Breaks
December 6, 2012
12:22 EDTZNGA, AAPL, ALGN, T, DB, VRA, AKAMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as jobless claims came back down a bit from their storm-driven elevated levels. The market opened slightly lower as the S&P and Nasdaq were once again weighed down by Apple's (AAPL) stock continuing yesterday's descent. As Apple pared its losses and moved back into positive ground so did the Nasdaq, making the index the morning's biggest winner with an increase of over 0.6%... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 25,000 to 370,000, versus expectations for claims to fall to 380,000. Also, Challenger, Gray & Christmas reported that planned layoffs were up 34% in November compared to the prior year. In Europe, the European Central Bank and Bank of England both kept their benchmark interest rates unchanged and did not announce new stimulus measures. The ECB also lowered its growth and inflation forecasts for 2013... COMPANY NEWS: Three former Deutsche Bank (DB) employees told U.S. regulators that the bank hid as much as $12B in losses during the financial crisis, according to The Financial Times, though the company disputed the allegations... Apple, which is always in focus as such a large component of the Nasdaq 100, managed to dominate the spotlight for a second day in a row after CEO Tim Cook said the company will produce one of its existing lines of Macs in the U.S. next year... MAJOR MOVERS: Among the notable gainers were Akamai (AKAM), up over 9% after announcing a partnership with AT&T (T), and Zynga (ZNGA), up nearly 8% after the Wall Street Journal reported the company has filed paperwork in Nevada for real money games. Among the noteworthy losers were Vera Bradley (VRA), down 12% after its guidance missed estimates, and Align Technology (ALGN), down about 5% after saying it now expects EPS and revenue for it current quarter to come in at the lower end of its previous guidance... INDICES: Near noon, the Dow was up 8.98, or 0.07%, to 13,043.47; the Nasdaq was up 18.29, or 0.62%, to 2,991.99; and the S&P 500 was up 2.48, or 0.18%, to 1,411.76.
News For DB;AAPL;AKAM;T;ZNGA;VRA;ALGN From The Last 14 Days
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November 12, 2014
06:36 EDTAAPLOrder visibility highest for Apple, Lenovo shipments in 2015, DigiTimes says
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06:00 EDTTAT&T implied volatility of 12 at lower end of index mean range
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November 11, 2014
16:01 EDTAAPLOptions Update; November 11, 2014
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13:55 EDTZNGAYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
13:09 EDTAAPLApple to face lawsuit on failed texts when switching to Android, Reuters says
Apple must face a U.S. federal lawsuit for failing to alert consumers that text messages may be interrupted after switching to an Android-based phone from an iPhone, says Reuters. Reference Link
12:09 EDTAKAMRackspace soars after Q3 results top estimates, $500M share buyback plan
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10:00 EDTAKAMOn The Fly: Analyst Initiation Summary
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10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
09:55 EDTAAPLAlibaba, Apple working out details on partnership in China, WSJ reports
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09:37 EDTAAPLActive equity options trading
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09:17 EDTZNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FMSA Holdings (FMSA), up 4.7% following third quarter results. ALSO HIGHER: AVEO Pharmaceuticals (AVEO), up 7.6% after entering agreement with Ophthotech (OPHT) to license tivozanib... Ophthotech is 2.1% higher in pre-market trading... Galena Biopharma (GALE), up 3.6% after first patient dosed in NeuVax and Herceptin combination Phase 2 trial... Yamana Gold (AUY), up 3% after being upgraded to Overweight from Neutral at HSBC... Ambac Financial (AMBC), up 3.1% after being upgraded to Neutral from Sell at MKM Partners... China Finance (JRJC), up 12.4% after announcing a new partnership with Great Wall Securities... Zynga (ZNGA), up 5.7% after being upgraded on mobile business growth at Jefferies... Fiat Chrysler (FCAU), up 2.2% after being initiated with a Conviction Buy at Goldman. DOWN AFTER EARNINGS: Applied Optoelectronics (AAOI), down 10.7%... Ekso Bionics (EKSO), down 2.2%. ALSO LOWER: Alibaba Group (BABA), down 1.6% following comments made by vice chairman Joseph Tsai in an interview.
08:15 EDTAAPLAlibaba says willing to collaborate with PayPal in future, Bloomberg reports
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07:36 EDTZNGAZynga upgraded on mobile business growth at Jefferies
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07:35 EDTAAPLApple price target raised to $125 from $115 at UBS
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07:24 EDTTAT&T move will discourage others seeking in-flight Wi-Fi, says William Blair
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07:15 EDTAKAMAkamai initiated with an Outperform at Macquarie
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06:31 EDTAAPLApple making aggressive move into corporate market, Reuters says
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06:03 EDTAAPLQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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05:59 EDTTAT&T implied volatility of 12 at lower end of index mean range
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05:49 EDTZNGAZynga upgraded to Buy from Hold at Jefferies
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