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Stock Market & Financial Investment News

News Breaks
February 6, 2013
12:24 EDTMSFT, ELN, BIOL, GME, RS, CFX, BIIB, MUSA, CHRW, AFL, RL, SFLY, TWX, ZNGA, DISOn The Fly: Midday Wrap
The Wall Street averages were nearly unchanged at midday in a session of relative calm and consolidation following three straight days in which the Dow experienced triple digit moves... ECONOMIC EVENTS: In the U.S. the economic calendar was light, though the Department of Energy did report 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. In Europe, German industrial orders climbed 0.8% in December as demand from the euro zone rebounded... COMPANY NEWS: Dow component Walt Disney (DIS) rose 1% after reporting quarterly earnings and revenue that beat analyst estimates. Among others reporting last night and this morning, Time Warner (TWX), Ralph Lauren (RL), Zynga (ZNGA) and Shutterfly (SFLY) advanced, while Aflac (AFL), C.H. Robinson (CHRW) and Colfax (CFX) declined... MAJOR MOVERS: Among the notable gainers were BIOLASE (BIOL), which rose 31% after receiving FDA clearance for a soft tissue laser device, and Metals USA (MUSA), which gained 13% after agreeing to be acquired by Reliance Steel (RS) for $20.65 per share. Among the noteworthy losers was Elan (ELN), which fell 9% after agreeing to sell its 50% interest in the Tysabri MS drug to Biogen (BIIB) for $3.25B in cash and future royalty payments. Also lower were shares of GameStop (GME), which slid nearly 7% following a report suggesting the next version of Microsoft's (MSFT) Xbox system will not allow used games to be resold... INDICES: Near noon, the Dow was down 2.26, or 0.02%, to 13,977.04; the Nasdaq was up 2.39, or 0.08%, to 3,173.97; and the S&P 500 was up 0.92, or 0.06%, to 1,512.21.
News For DIS;TWX;RL;ZNGA;SFLY;AFL;CHRW;CFX;BIOL;MUSA;RS;ELN;BIIB;GME;MSFT From The Last 14 Days
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June 24, 2015
10:36 EDTGME, MSFTElectronic Arts advances after analysts positive on E3 showing
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09:35 EDTMSFTActive equity options trading on open
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08:25 EDTDISNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
07:43 EDTDISDisney not investing $250M to DraftKings, Re/code reports
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06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
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June 23, 2015
17:20 EDTGMEGameStop backs FY15 EPS view $3.63-$3.83, consensus $3.87
Backs FY15 revenue growth view on negative 1% to 4%. Full year comparable store sales are still expected to range from +1.0% to +6.0%.
17:16 EDTGMEGameStop backs Q2 EPS view 21c-25c, consensus 24c
Backs Q2 revenue growth view of negative 3% to flat; Backs Q2 SSS view of range from flat to +3.0%. Guidance from company slides presentation.
13:09 EDTDISHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
12:54 EDTMSFTPC concerns weighing on shares of Seagate, Western Digital
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11:00 EDTBIIBOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
07:55 EDTBIIBBiogen's Tysabri in SPMS a $1B-$2B opportunity, says Morgan Stanley
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06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
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06:05 EDTMSFTNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTMSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTMSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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June 22, 2015
14:42 EDTMSFTOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:19 EDTDISMarvel Entertainment wins patent dispute over Spider-Man toy, Variety says
The Supreme Court sided with Disney 's Marvel Entertainment in a case involving a patent on a toy owned by Stephen Kimble that shoots web from pressurized foam string, says Variety. The Court would not overrule precedent and ruled in favor of Marvel Entertainment that a patentee cannot continue to receive royalties for a patent after it expires, added Variety. Reference Link
June 21, 2015
17:57 EDTDISRealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTTWX, DISUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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14:44 EDTMSFTFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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