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Stock Market & Financial Investment News

News Breaks
November 9, 2012
12:26 EDTSTRA, ZIP, GRPN, SCLN, PCLN, JCP, LGF, KYAK, DISOn 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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December 15, 2014
06:08 EDTPCLNStocks with implied volatility below IV index mean; LNKD PCLN
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December 12, 2014
06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
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December 11, 2014
17:40 EDTPCLNPriceline becomes first online travel agency to integrate Apple PayApple
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11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
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08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
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06:41 EDTDISDisney, others avoided U.S. taxes with Luxembourg deals, ICIJ says
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06:24 EDTDISDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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05:53 EDTPCLNStocks with implied volatility below IV index mean; PCLN CBST
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December 10, 2014
16:00 EDTDISOptions Update; December 10, 2014
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10:00 EDTDISOn The Fly: Analyst Downgrade Summary
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06:25 EDTDISDisney downgraded to Hold from Buy at Topeka
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06:01 EDTPCLNStocks with implied volatility below IV index mean; PCLN CBST
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December 9, 2014
15:03 EDTDISDiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTDISDiscovery, Hulu announce new distribution agreement
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07:32 EDTLGFUBS to hold a conference
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06:48 EDTDISAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:09 EDTPCLNStocks with implied volatility below IV index mean; PCLN WFM
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Whole Foods (WFM) 20 according to iVolatility.
December 5, 2014
16:54 EDTDISDisney initiated with a Buy at UBS
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11:04 EDTJCPStocks with call strike movement; JCP UNG
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05:55 EDTJCPStocks with implied volatility movement; UTX JCP
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