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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:26 EDTDELL, AAPL, UPS, TNTEY, XRTX, AZK, HALOOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow the lone index managing to close in positive territory. Apple (AAPL) shares weighed on the Nasdaq, though that weakness was partially offset by strength in Dell (DELL), following a report that it is exploring a bid to go private. The day's trading session, however, saw generally light volume ahead of a number of big financial earnings report due later this week... ECONOMIC EVENTS: In the U.S., no major economic data was reported. After the close, Federal Reserve Chairman Ben Bernanke is scheduled to speak at the University of Michigan, which has the potential to be market moving... COMPANY NEWS: Bloomberg reported, citing sources, that Dell has held talks about going private and shares spiked higher before being halted due to volatility. After resuming trading, Dell shares climbed as high as $12.74 before settling up $1.41, or 12.96%, at $12.29. Notably, Goldman Sachs upgraded Dell shares on December 3 to Buy from Sell, citing the potential for a leveraged buyout opportunity among the factors, and Susquehanna said in a late-day note to investors that Dell could be worth $16-$17 per share in a buyout... Shares of Apple lost $18.55, or 3.57%, to $501.75, but closed above the psychologically and technically important $500 level after shares dipped below that level intraday. The slide followed a Wall Street Journal report, citing sources, that said Apple has cut its orders for iPhone 5 components due to weak demand... UPS shares gained $1.32, or 1.69%, to $79.24 after the company announced it will drop its pursuit of TNT Express (TNTEY), citing EU regulatory hurdles. Following the announcement, UPS shares were upgraded to Buy at Deutsche Bank and to Market Perform at Avondale... MAJOR MOVERS: Among the notable gainers was Xyratex (XRTX), up 70c, or 8.36%, to $9.07 after hedge fund Baker Street Capital, which owns approximately 23% of the company's outstanding shares, sent a letter to the Xyratex board urging the company to review all strategic alternatives. Also higher were shares of Aurizon Mines (AZK), up $1.12, or 32.37%, to $4.58 after Alamos Gold launched an offer to buy the miner for C$780M, and Halozyme (HALO), up $1.13, or 15.67%, to $8.34 following an upgrade to Outperform at BMO Capital. Among noteworthy losers was Cirrus Logic (CRUS), which fell $2.96 or 9.37%, to $28.62 as one of the Apple suppliers displaying weakness after the WSJ report. Also lower were shares of Francesca's (FRAN), which slid $1.01 or 3.58%, to $27.22 despite the company raising its Q4 revenue view... INDICES: The Dow was up 18.89, or 0.14%, to 13,507.32; the Nasdaq was down 8.13, or 0.26%, to 3,117.50; and the S&P 500 was down 1.37, or 0.09%, to 1,470.68.
News For DELL;AAPL;UPS;TNTEY;XRTX;AZK;HALO From The Last 14 Days
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April 7, 2014
07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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April 4, 2014
16:30 EDTHALOOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; April 4, 2014
iPath S&P 500 VIX Short-Term Futures up 89c to 41.88. Option volume leaders: AAPL C P NFLX LNG BAC INTC TSLA TWTR according to Track Data.
12:09 EDTHALOOn The Fly: Midday Wrap
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12:00 EDTHALOHalozyme falls 27.5%
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10:00 EDTHALOHalozyme falls 24.4%
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09:37 EDTHALOHalozyme defended after halt of Phase 2 trial enrollment at Piper Jaffray
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA MU GNK AMZN FB GILD MA NFLX
09:13 EDTHALOOn The Fly: Pre-market Movers
HIGHER: Mylan (MYL), up 6.8% after report of desire to buy Swedish rival Meda, which confirmed it had been in talks with Mylan but rejected the company's takeover offer. Shares of Mylan were also upgraded to Buy this morning at Citigroup... Mercury Systems (MRCY), up 8.8% after Reuters said Boeing (BA) is considering a takeover bid of the supplier..Micron (MU), up 3% after reporting earnings and revenue that topped expectations... Align (ALGN), up 6% after winning patent case against ClearCorrect... GameStop (GME), up 2.8% following upgrade at BofA Merrill Lynch... Potbelly (PBPB), up 4.6% after upgrade at William Blair.... SYNNEX (SNX), up 18.5% after earnings report. LOWER: CarMax (KMX), down 3.3% after reporting earnings and revenue that fell below expectations... Halozyme (HALO), down 33% after announcing temporary halt of Phase 2 trial enrollment for PEGPH20... Ocean Power (OPTT), down 15% after 3.8M share Spot Secondary priced at $3.10.
09:07 EDTHALOHalozyme volatility elevated into temporary halt of Phase 2 trial enrollment
Halozyme volatility is expected to move after announces temporary halt of Phase 2 trial enrollment for PEGPH20. Overall option implied volatility of 89 is above its 26-week average of 72 according to Track Data, suggesting large price movement.
09:00 EDTHALOHalozyme falls 31%
Halozyme is down 31%, or $3.59, to $8.00
08:44 EDTUPSUPS supply chain management favors its strategy, says RW Baird
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08:18 EDTAAPLApple June quarter results likely to miss expectations, says BMO Capital
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08:03 EDTHALOHalozyme announces temporary halt of Phase 2 trial enrollment for PEGPH20
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06:30 EDTTNTEYTNT Express CFO expected to step down, WSJ reports
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06:14 EDTAAPLApple acquires Novauris, terms not disclosed, Re/code reports
Apple has confirmed that it has acquired Novauris Technologies, a speech technology company, Re/code reports. Reference Link
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