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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:56 EDTCHRW, TTWO, MUSA, ELN, MSFT, SFLY, BIOL, DIS, CALX, GME, RS, BIIBOn 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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August 25, 2015
10:57 EDTDISHilliard Lyons upgrades Disney after recent pullback
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10:10 EDTDISDisney upgraded to Buy from Long-Term Buy at Hilliard Lyons
09:03 EDTBIIBAcorda has major overhang removed by IPR denials, says Leerink
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08:22 EDTGMEGameStop August weekly volatility elevated into Q2 and outlook
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08:01 EDTCALXCalix management to meet with Stephens
Meeting to be held in Denver on September 1 hosted by Stephens.
07:37 EDTCHRWStephens to hold a field trip
Logistics Field Trip visits with various logistics companies in Chicago and Houston on August 25-26.
August 24, 2015
16:00 EDTMSFTOptions Update; August 24, 2015
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06:34 EDTMSFTIntel leads $100M funding round for Mirantis, WSJ reports
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August 21, 2015
16:01 EDTDISOptions Update; August 21, 2015
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12:18 EDTMSFTMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
10:37 EDTMSFTAnalysts upbeat on HP ahead of split after earnings beat
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09:38 EDTBIIBUBS global healthcare analysts hold an analyst/industry conference call
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09:34 EDTDISActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
08:54 EDTDISDisney price target lowered to $89 from $98 at Cowen
Cowen lowered its price target on Disney to $89 from $98 following Q3 results. The firm said the company's share price leaves little room for error and the lower growth rate in cable will likely put pressure on the Studio segment. Cowen maintained its Market Perform rating on Disney shares given its historical and projected growth rates have not been superior to peers.
08:53 EDTDISAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
07:34 EDTDISNFL return, Star Wars can help Disney shares recover, says FBR Capital
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06:51 EDTSFLYShutterfly discloses Lisa Blackwood-Krapal appointed Chief Accounting Officer
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06:01 EDTMSFTABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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06:01 EDTMSFTInterDigital sued by Microsoft for violating antitrust law, Reuters reports
Microsoft (MSFT) has filed a lawsuit against InterDigital (IDCC), accusing the company of violating U.S. antitrust law by unfairly licensing its technology, Reuters reports. The suit, filed in federal court in Wilmington, Delaware, is the latest move in the companies' fight over patent licensing. The ITC is set to rule this month on whether Microsoft's smartphones infringe two of InterDigital patents and should be banned from being imported into the U.S. Reference Link
05:44 EDTDISStocks with implied volatility movement; DIS MRK
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