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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:33 EDTDELL, ACI, YUM, ADM, EL, CSC, MHP, LBTYA, VMED, MSFT, BIDUOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as reports on services companies from around the globe improved the market's tone dramatically from yesterday. The averages moved higher right at the open and extended the gains until the Dow reached the 14K level once again, where it continues to meet resistance... ECONOMIC EVENTS: In the U.S., the day's lone significant economic report showed growth at service companies slowed slightly in January. The Institute for Supply Management's index of non-manufacturing activity dipped to 55.2 in January, which was down from 55.7 in December but above expectations for a reading of 55.0. In Europe, the composite euro-zone services PMI rose to 48.6 in January from a 48.3 reading in the prior month. In China, HSBC's services PMI jumped to 54.0 in January from 51.7 the month before... COMPANY NEWS: Dell's (DELL) expected "go private" deal was officially announced, as private equity firm Silver Lake and Michael Dell agreed to buy the world’s third-largest PC company for $13.65 in cash, or about $24.4B. As widely speculated, the financing for the deal includes a $2B loan from Microsoft (MSFT). Dell shares, which had risen about 22% over the last month amidst the going private chatter, were up another 0.8% to $13.38 following the announcement... Among companies reporting earnings last night and this morning, advancers included CSC (CSC), Estee Lauder (EL), Archer Daniels (ADM), while Yum! Brands (YUM), Arch Coal (ACI), and Baidu (BIDU) declined... MAJOR MOVERS: Among the notable gainers was Virgin Media (VMED), which rose over 16% amid media reports that the company is in talks to be taken over by Liberty Global (LBTYA). Virgin Media confirmed that it is in discussions with Liberty Global concerning a possible transaction, but did not provide any details on the nature of the talks or time frame for an expected resolution. Shares of Liberty Global slid about 3% following Virgin's confirmation. Also lower were shares of McGraw-Hill (MHP), which followed yesterday's nearly 14% slide with another 5% decline after the DOJ confirmed it is suing Standard & Poor's for alleged fraud in rating mortgage-based securities... INDICES: Near noon, the Dow was up 110.24, or 0.79%, to 13,990.32; the Nasdaq was up 32.19, or 1.03%, to 3,163.36; and the S&P 500 was up 13.47, or 0.90%, to 1,509.18.
News For DELL;MSFT;VMED;LBTYA;MHP;CSC;EL;ADM;YUM;ACI;BIDU From The Last 14 Days
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October 8, 2014
09:20 EDTYUMOn The Fly: Pre-market Movers
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07:29 EDTYUMYum! comp weakness in China has bottomed, says UBS
UBS believes Yum! Brands' recovery in China is under way, but that visibility remains limited following yesterday's Q3 results. The firm still has many questions about company strategy, but believes China comp weakness has bottomed. UBS maintains its Buy rating and $85 price target on Yum! Brands shares.
07:20 EDTYUMYum! Brands outlook still positive, says Stifel
After Yum! reported weaker than expected results ex-items, Stifel continues to expect the company to eventually carry out a significant restructuring that could include a partial listing of its China unit in Hong Kong and/or a $15 per share debt recapitalization. The firm continues to believe that Yum! China is one of the best retail businesses in the world. It cut its price target on Yum! to $105 from $110 but keeps a Buy rating on the shares.
06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
17:18 EDTYUMYum! Brands reverses direction in after-hours trading, up 1.1%
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16:31 EDTYUMYum! Brands reports Q3 China SSS down 14%
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16:24 EDTYUMYum! Brands down 1% following Q3 results
16:23 EDTYUMYum! Brands expects to develop at least 700 new restaurants in China this year
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16:22 EDTYUMYum! Brands lowers FY14 EPS growth ex-items to 6%-10%
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16:19 EDTYUMYum! Brands provides China update
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16:15 EDTYUMYum! Brands reports Q3 EPS ex-items 87c, consensus 89c
Reports Q3 revenue $3.35B, consensus $3.48B. Worldwide system sales grew 1%. Worldwide restaurant margin decreased 2.7 percentage points to 14.9%, and worldwide operating profit decreased 12%.
15:16 EDTYUMNotable companies reporting after market close
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14:27 EDTYUMYum! Brands October weekly 70 straddle priced for 4.6% move into Q3
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13:03 EDTYUMYum! Brands technical notes ahead of results
The shares have markedly under-performed in the prior three months, trading down over 14%. A great deal of the share price loss came at the front of the interval during the tainted-meat scandal in China. After the initial drop, shares have been basing in a range of $70 at the low and $73 at the high. The base at $70 may be particularly important. If the news is worse than already low expectations, that support at the $70 area could be lost. Next support below would be at $68.20 and then at $66.16. An extreme price reaction could see the 52-week low at $64.08 tested as well or perhaps broken. Equally, an upside surprise could see the top of the range tested at $73. Given low expectations, a bit of stronger news could push the stock through that resistance level. Next upside would be at $73.84, $75.44, and then at $76.33 on an increasing band of positive surprises.
12:50 EDTMSFTSamsung aiming for arbitration versus Microsoft, Bloomberg says
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12:45 EDTMSFTMicrosoft near deal to buy text analysis start-up for about $200M, WSJ says
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12:45 EDTMSFTMicrosoft to hold cloud event on October 20
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10:52 EDTMSFTNokia suspends handset production at Chennai facility, Reuters reports
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07:48 EDTMSFTU.S. Chamber of Commerce to hold a discussion
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07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
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