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Stock Market & Financial Investment News

News Breaks
November 9, 2012
12:26 EDTGRPN, SCLN, PCLN, JCP, LGF, KYAK, DIS, STRA, ZIPOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as positive economic data in the U.S. and China temporarily distracted investors from worrying over political deadlock getting in the way of progress. The averages opened lower but two economic reports issued near 10 am ET provided a catalyst for a bounce. The averages moved into positive territory ahead of House Speaker John Boehner’s speech on tackling the fiscal cliff crisis and the averages stood near session highs around noon... ECONOMIC EVENTS: In the U.S., import prices rose 0.5% in October from the prior month, versus expectations for them to be flat. Export prices in October were unchanged. The preliminary University of Michigan consumer sentiment reading for November came in at 84.9, versus the expected 82.9. Wholesale inventories were reported to have increased 1.1% in September, versus expectations for an increase of 0.4%. Also, the Congressional Budget Office estimated that going over the fiscal cliff would cut U.S. economic output by about 3%, driving the nation back into recession next year. In Europe, French industrial production fell 2.7% in September from August and the Bank of France warned its economy, Europe’s second-largest, may be poised to tip into recession. In China, factory output rose 9.6% in October from a year earlier, beating expectations, and inflation unexpectedly cooled to the slowest pace in 33 months... COMPANY NEWS: Three well known brand names were down after their companies' quarterly reports: Disney (DIS), J.C. Penney (JCP) and Groupon (GRPN). Disney was the Dow Industrial average's worst performer, falling nearly 6%, after its earnings were in-line with consensus but revenues were lighter and Janney Capital downgraded the stock to a Neutral rating. J.C. Penney shares slid about 6% as well after it reported a worse than expected loss and said same store sales dropped 26.1%, making for its third straight quarter of losses and double digit sales declines. Groupon's stock was hardest hit, plunging 27% in midday trading, after it was downgraded by at least four firms and price targets were lowered at several others following the company's disappointing Q3 results and Q4 guidance... MAJOR MOVERS: Among the notable gainers was Kayak Software (KYAK), which jumped 27% after agreeing to be acquired by Priceline.com (PCLN) in a stock and cash transaction equivalent to $40 per share of Kayak stock. Shares of Priceline advanced fractionally after the deal announcement. Advancers after their earnings reports included Zipcar (ZIP), which jumped over 21%, and Lions Gate Entertainment (LGF), which rose almost 13%. Among the noteworthy losers were SciClone (SCLN), down 24% after cutting its 2012 adjusted earnings view, and Strayer Education (STRA), down 16% after its full-year earnings outlook was well below consensus estimates and the company suspended its dividend... INDICES: Near noon, the Dow was up 65.43, or 0.51%, to 12,876.75; the Nasdaq was up 30.87, or 1.07%, to 2,926.45; and the S&P 500 was up 12.46, or 0.90%, to 1,389.97.
News For DIS;JCP;GRPN;KYAK;PCLN;ZIP;LGF;SCLN;STRA From The Last 14 Days
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April 16, 2014
06:27 EDTDISNBCUniversal planning digital video push
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April 15, 2014
10:42 EDTPCLNPriceline CEO says Facebook, Twitter ads don't work, Bloomberg reports
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10:10 EDTDISMaker Studios stays with Disney offer, Re/code says
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April 14, 2014
17:53 EDTDISMaker Studios stays with Disney offer, Re/code says
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13:03 EDTDISRelativity Media looks to outbid Disney for Maker Studios, Bloomberg says
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09:06 EDTLGFLionsgate and RocketJump Studios announce content partnership
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08:53 EDTGRPNGroupon May volatility elevated at 74 into Q1 and outlook
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07:09 EDTDISWalt Disney May volatility elevated into investor day
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06:54 EDTPCLNPriceline Q1 bookings should meet or exceed guidance, says Cantor
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06:47 EDTDIS'Captain America' surpasses "Rio 2' in weekend box office, LA Times says
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06:12 EDTPCLNPriceline recent pullback a buying opportunity, says Piper Jaffray
Piper Jaffray views the recent pullback in shares of Priceline as a buying opportunity. Piper believes Priceline's near-term fundamentals have not changed and it reiterates an Overweight rating on the stock with a $1,475 price target.
April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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12:44 EDTPCLNHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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10:56 EDTGRPNOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
10:51 EDTLGFLionsgate says repurchased $60M of stock in last few weeks
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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
April 10, 2014
11:44 EDTPCLNStocks with call strike movement; PCLN GILD
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09:34 EDTGRPNGroupon adds in-store coupons to Freebies category
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07:38 EDTPCLNExpedia bookings growth potential being overlooked, says FBR Capital
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07:21 EDTDISHulu's head of original programming development to leave company, AdWeek says
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