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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:45 EDTCRL, SPW, CHK, NFLX, GDI, ACMP, PC, DDOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with only the S&P eking out a gain, after the Federal Reserve announced new quantitative easing plans and set fiscal policy thresholds. The Federal Reserve released the minutes from its December meeting just after noon, and the averages climbed higher on the news, though a broad market sell-off took hold as Fed chairman Ben Bernanke spoke during the last 90 minutes of the trading session. Following the late day selling, the averages went into the close well off their highs, with the Nasdaq serving as the laggard of the group... ECONOMIC EVENTS: In the U.S., import prices fell more than expected and recorded their biggest drop in five months in November, dropping 0.9%. The Federal Reserve announced it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires along with continuing to reinvest principal payments from its current holdings into agency mortgage-backed securities. Also, the central bank adopted monetary policy thresholds, saying it expects to keep interest rates exceptionally low "at least as long as" unemployment remains above 6.5% and inflation is projected to be no more than 2.5% in about a two-year time frame... COMPANY NEWS: DuPont (DD) shares rose 61c, or 1.4%, to $44.30 after the company said it expects its adjusted EPS to come in at the high end of its previous forecast and also authorized a repurchase program of $1B... Reuters said SPX Corp. (SPW) has offered more than $4B in a takeover bid for Gardner Denver (GDI), which was "well above" rival offers. Shares of Gardner Denver traded sharply higher following the news, rising $3.49, or 5.02%, to $72.98. Shares of SPX lost 78c, or 1.26%, to close at $61.29... MAJOR MOVERS: Among the notable gainers was Panasonic (PC), up 37c, or 7.31%, to $5.43 following an upgrade to Overweight at Barclays. Also higher were shares of Netflix (NFLX), up $4.65, or 5.40%, to $90.73 after Morgan Stanley raised its price target on the stock to $105 from $80. Among the noteworthy losers were shares of Charles River Labs (CRL), down $3.65, or 9.29%, to $35.65 after the company reaffirmed its 2012 guidance and provided guidance for 2013 below Street expectations. Also lower was Access Midstream Partners (ACMP), down $1.88, or 5.52%, to $32.15 after announcing a deal to acquire the midstream assets of Chesapeake Energy (CHK) for $2.16B... INDICES: The Dow was down 2.99, or 0.02%, to 13,245.45; the Nasdaq was down 8.49, or 0.28%, to 3,013.81; and the S&P 500 was up 0.64, or 0.04%, to 1,428.48.
News For DD;GDI;SPW;PC;NFLX;CRL;ACMP;CHK From The Last 14 Days
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April 17, 2014
06:06 EDTDDDuPont backs FY14 operating EPS view of $4.20-$4.45, consensus $4.31
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06:03 EDTDDDuPont reports Q1 EPS $1.58, consensus $1.58
Reports Q1 revenue $10.1B, consensus $10.45B. Ellen Kullman, DuPont Chair and CEO stated, "We delivered near record EPS despite the challenges of harsh weather and differences in year-on-year comparisons in our Agriculture Segment, and our key initiatives remain on track. I'm pleased with the progress we are making to deliver further value to shareholders and strengthen DuPont's position as an engine of science-driven innovation."
05:33 EDTNFLXNetflix upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded its rating on Netflix (NFLX) to Outperform from Sector Perform on expectations the company's international growth will accelerate meaningfully over the next 18 months. The firm has a $500 price target for shares.
April 16, 2014
16:00 EDTNFLXOptions Update; April 16, 2014
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15:17 EDTDDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 32c; Philip Morris (PM), consensus $1.16; Schlumberger (SLB), consensus $1.20; PepsiCo (PEP), consensus 75c; Union Pacific (UNP), consensus $2.37; UnitedHealth (UNH), consensus $1.09; Honeywell (HON), consensus $1.26; Goldman Sachs (GS), consensus $3.44; du Pont (DD), consensus $1.59; Morgan Stanley (MS), consensus 60c; Danaher (DHR), consensus 80c; BlackRock (BLK), consensus $4.14; Blackstone (BX), consensus 55c; Chipotle Mexican Grill (CMG), consensus $2.86; Mattel (MAT), consensus 9c; Snap-on (SNA), consensus $1.54; AutoNation (AN), consensus 74c.
13:00 EDTNFLXNetflix to launch Germany service in September, GigaOM says
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12:08 EDTNFLXStocks with call strike movement; TWTR NFLX
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10:16 EDTNFLXNetflix April weekly volatility elevated at 106 into Q1 and outlook
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09:36 EDTNFLXActive equity options trading on open
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07:53 EDTNFLXNetflix Q1 results should be solid, says RW Baird
Baird expects Netflix to report solid Q1 results and remains bullish on the company's medium and long-term opportunities. The firm, however, does not expect to see meaningful upside to subscriber growth due to seasonality. Baird keeps an Outperform rating and $470 price target on the stock.
06:27 EDTNFLXNBCUniversal planning digital video push
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April 15, 2014
13:14 EDTNFLXNetflix volatility elevated up as shares pullback to six-month low into Q1
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April 14, 2014
13:19 EDTNFLXNetflix's streaming speeds on Comcast jumped, The Verge reports
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09:36 EDTNFLXActive equity options trading on open
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April 11, 2014
09:37 EDTNFLXActive equity options trading on open
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08:31 EDTSPWSPX Corp. announces sale of SPX Precision Components
SPX Corporation announced it has completed the sale of its Precision Components business to RFE Investment Partners and 24/6 Capital Partners for approximately $62M. Precision Components is an aerospace and defense manufacturer that provides engineered components and other parts to military and civilian aircraft programs. In SPX's most recent financial filings, the results of Precision Components were reported as discontinued operations for all periods presented. Loop Capital Markets LLC acted as a financial advisor to SPX on the transaction.
April 10, 2014
16:00 EDTNFLXOptions Update; April 10, 2014
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12:52 EDTNFLXCarl Icahn says eBay separation 'not if but when'
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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08:44 EDTNFLXNetflix upgraded to Buy from Hold at Hudson Square
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