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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:56 EDTDIS, CHRW, MSFT, GME, TTWO, SFLY, RS, MUSA, BIOL, BIIB, ELN, CALXOn The Fly: Closing Wrap
Stocks on Wall Street were mixed as the averages moved in a tighter range than they had during the first two trading sessions of the week. A quiet economic calendar, a light news flow and modest trading volume resulted in a quieter day for the market... ECONOMIC EVENTS: In the U.S., the Department of Energy reported that crude supplies grew by 2.62M barrels, roughly in-line with forecasts. In Japan, the governor of its central bank offered to step down three weeks before the end of his term, fueling speculation that accelerated and more aggressive stimulus measures may follow and sparking a 3.8% run-up in the Nikkei average... COMPANY NEWS: Dow component Walt Disney (DIS) opened the session at all time highs after the company's quarterly results beat consensus estimates. Citigroup also raised its price target on Disney stock to $63 from $54, but shares finished off their early highs, up 23c, or 0.42%, to $54.52... Elan (ELN) shares slid $1.06, or 10.13%, to $9.40 after the company agreed to sell its 50% interest in the Tysabri multiple sclerosis drug to Biogen (BIIB) for $3.25B in cash and future royalty payments. Biogen shares rose $3.62, or 2.3%, to $160.98 following the announcement... MAJOR MOVERS: Among the notable gainers was BIOLASE (BIOL), up 55c, or 19.43%, to $3.38 after receiving FDA clearance for a soft tissue laser device. Also higher was Metals USA (MUSA), up $2.35, or 12.84%, to $20.65 after agreeing to be acquired by Reliance Steel (RS) for $20.65 per share. Reliance steel also gained $5.56, or 8.59%, to $70.25 following the news. Among those trading higher after earnings were Shutterfly (SFLY), up $6.81, or 20.27%, to $40.40 and Take-Two Interactive (TTWO), up $1.78, or 14.06%, to $14.44. Among the noteworthy losers was GameStop (GME), down $1.61, or 6.01%, to $25.20 following a report suggesting the next version of Microsoft's (MSFT) Xbox video game system will not allow used games to be resold. Among those trading lower after earnings were C.H. Robinson (CHRW), down $6.51, or 9.71%, to $60.50 and Calix (CALX), down 83c, or 9.75%, to $7.68... INDICES: The Dow was up 7.22, or 0.05%, to 13,986.52; the Nasdaq was down 3.10, or 0.10%, to 3,168.48; and the S&P 500 was up 0.83, or 0.05%, to 1,512.12.
News For DIS;ELN;BIIB;BIOL;MUSA;RS;SFLY;TTWO;GME;MSFT;CHRW;CALX From The Last 14 Days
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April 15, 2014
15:53 EDTMSFTFord's new My Touch with BlackBerry software slated for year end, WSJ says
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10:31 EDTGMEGameStop to host two day investor day
Two day investor day will be held in Dallas on April 21 at 7 pm and on April 22 at 9 am. Webcast Link
10:10 EDTDISMaker Studios stays with Disney offer, Re/code says
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08:07 EDTMSFT21Vianet announces general availability of Microsoft Office 365 in China
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April 14, 2014
17:53 EDTDISMaker Studios stays with Disney offer, Re/code says
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15:29 EDTCHRWC.H. Robinson May volatility elevated at 29 on sharp three-day rally
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13:03 EDTDISRelativity Media looks to outbid Disney for Maker Studios, Bloomberg says
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10:02 EDTMSFTOn The Fly: Analyst Downgrade Summary
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09:59 EDTMUSAMurphy USA to host analyst meeting
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09:46 EDTBIIBBiogen hugs support at critical technical juncture, levels to watch
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07:33 EDTBIIBBiogen to present Plegridy, Tecfidera data at AAN annual meeting
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07:09 EDTDISWalt Disney May volatility elevated into investor day
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06:47 EDTDIS'Captain America' surpasses "Rio 2' in weekend box office, LA Times says
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05:36 EDTMSFTMicrosoft downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded its rating on Microsoft (MSFT) to Hold from Buy citing valuation and concerns over the closing of the Nokia unit acquisition. The firm has a $42 price target for shares.
April 11, 2014
12:42 EDTCHRW, SFLYOn The Fly: Analyst Upgrade Summary
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10:38 EDTDISDisney to host investor day
Investor Day to be held on April 17 at 12:30 pm. Webcast Link
10:15 EDTBIIBBiogen heads for test of $280 area
The shares are heading lower after an early bounce attempt and are now just above the session low at $280.13. As noted yesterday, a break below $280 would confirm topping in the shares. Support below $280 is at $273.45. Resistance is at $285.
09:00 EDTSFLYShutterfly rises 3.2%
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07:53 EDTCHRWC.H. Robinson upgraded to Buy from Hold at BB&T
06:20 EDTSFLYShutterfly upgraded to Buy from Neutral at Goldman
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