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Stock Market & Financial Investment News

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November 16, 2011
12:18 EDTEPD, ZOOM, PEIX, TSRA, A, ANF, TYC, ADSK, DELL, TGT, ENB, UNISOn The Fly: Mid-Day Wrap
Stocks on Wall Street were lower at mid-day, as the price of crude spiked above $101. Futures were negative in the pre-market, leading to a lower open for the broader market. The averages moved quickly to the downside right out of the gate, marking session lows and remaining in a lower range for about the first hour of trade. The report on energy inventories from the DOE, followed by the close of trading in Europe, helped spark a move higher, but the attempt to retake the baseline fell flat. Near noon, the market is down about 0.6%, but off its lowest levels of the day... ECONOMIC EVENTS: Domestically, the Consumer Price Index fell 0.08% in October, versus the consensus estimate of unchanged. The "core" CPI, which excludes food and energy, rose 0.14%, versus the consensus estimate of a 0.1% increase. The Federal Reserve said that industrial production rose 0.7% in October. Economists had expected an increase of 0.4%. Capacity utilization also beat estimates, rising to 77.8%, compared with the forecast of 77.6%. The NAHB Housing Market Index had a 20 reading, beating expectations of 18. The DOE report on energy inventories showed that crude inventories dropped by 1.06M barrels, versus the consensus of a 1.20M draw. Gasoline inventories built by 992K barrels, versus the forecast of a 1.00M barrel draw. From Europe, the European Central Bank was believed to have bought Spanish and Italian bonds, though yields on both continue to be very high despite the intervention. Also, in Greece, the country's new Prime Minister passed his first test, winning a confidence vote. In Asia, Japan's central bank lowered its assessment of its economy and kept its key interest rate at virtually zero... MARKET NEWS: An announcement from Enterprise Products Partners (EPD) and Enbridge (ENB) that they would seek regulatory permission to reverse the direction of crude oil flows on the Seaway pipeline sent oil prices higher and the share prices of refiners lower... Target (TGT) reported Q3 adjusted EPS of 87c, soundly beating analyst estimates. Dell (DELL) reported Q3 earnings above estimates, but revenue fell below expectations as the company gave up “low-value” PC opportunities to preserve margins. Among others reporting, winners included Autodesk (ADSK) and Tyco (TYC); losers included Abercrombie & Fitch (ANF) and Agilent (A)... MAJOR MOVERS: Among the notable gainers were Tessera Technologies (TSRA), following Samsung Electronics exercising its renewal option in a license agreement with the company, and Pacific Ethanol (PEIX), after the company announced that it has retired in full its $35M senior convertible notes. Noteworthy losers included Zoom Technologies (ZOOM), after its Q3 revenue missed estimates and the company cut its FY11 revenue view, and Unilife (UNIS), which priced a 8.25M share secondary offering at $4.35... INDICES: Near noon, the Dow was down 77.91, or 0.64%, to 12,018.25; the Nasdaq was down 16.23, or 0.60%, to 2,669.97; and the S&P 500 was down 7.65, or 0.61%, to 1,250.16.
News For EPD;ENB;TGT;DELL;ADSK;TYC;ANF;A;TSRA;PEIX;ZOOM;UNIS From The Last 14 Days
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September 30, 2014
08:18 EDTAAgilent risk/reward favorable into spin-off, says Leerink
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08:18 EDTAAgilent risk/reward favorable into spin-off, says Leerink
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07:45 EDTADSKAutodesk October volatility elevated on tight four-month price movement
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September 29, 2014
16:20 EDTAAgilent says regulatory authorities close past FCPA probe
Agilent disclosed in a filing that on September 6, 2013, Agilent Technologies disclosed in its Form 10-Q that it had initiated an internal investigation relating to certain sales of company products through third party intermediaries in China and compliance by company employees in China with the requirements of the U.S. Foreign Corrupt Practices Act and other applicable laws and regulations. The company further disclosed that it had voluntarily advised the United States Department of Justice and the United States Securities and Exchange Commission of the investigation. On September 15, the company received a letter from the SEC’s Division of Enforcement stating that its investigation had been completed and that the Division of Enforcement did not intend to recommend any enforcement action against the company by the SEC. On September 24, the company received a letter from DOJ stating that DOJ had closed its inquiry into the matter, citing the company’s voluntary disclosure and thorough investigation.
11:02 EDTAAgilent announces collaboration with University of Toronto
Agilent announced a collaboration with scientists at the University of Toronto’s Donnelly Centre for Cellular and Biomolecular Research to produce a comprehensive metabolomics multiple-reaction monitoring library and methodology, using Agilent’s Infinity 1290 UHPLC and 6460 triple quadrupole mass spectrometry system.
09:20 EDTEPDEnterprise Products completes initial segment of Aegis ethane pipeline
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09:02 EDTEPDEnterprise Products announces ninth NGL fractionator at Mont Belvieu complex
Enterprise Products Partners L.P. will build its ninth natural gas liquid fractionator at its complex in Mont Belvieu, Texas. This ninth fractionator will have a nameplate capacity of 85,000 barrels per day and is expected to begin operations as early as January 2016. Upon completion of the ninth NGL fractionator, Enterprise will have gross nameplate NGL fractionation capacity of 755,000 BPD at Mont Belvieu and total gross NGL fractionation capacity of approximately 1.2 million BPD. Generally, the operating rates for our Hobbs fractionator and the last five fractionators built at Mont Belvieu have exceeded nameplate capacity. Enterprise will have approximately 265,000 BPD of propane production capability at Mont Belvieu upon the completion of the ninth fractionator.
07:25 EDTDELLOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 26, 2014
08:33 EDTENBEnbridge to hold a meeting
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07:22 EDTAAgilent management to meet with Jefferies
Meeting to be held in the Mid-Atlantic area on October 2 hosted by Jefferies.
September 25, 2014
14:01 EDTADSKAutodesk provides details on previously reported 3D plans, 3DPrint.com says
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09:29 EDTENBEnbridge drops out of auction for BG Group pipeline, AFR says
Enbridge (ENB) has dropped out of the bidding to buy BG Group’s (BRGYY) $4B Queensland gas pipeline, according to The Australian Financial Review. Reference Link
September 24, 2014
12:27 EDTADSKAutodesk volatility flat into company hosted investor day
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09:04 EDTADSKAutodesk to host investor day
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September 23, 2014
09:06 EDTENBEnbridge invests $255M in Lac Alfred, Massif du Sud wind projects
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September 22, 2014
17:13 EDTENBEnbridge to transfer $1.76B of assets to Enbridge Income Fund
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September 18, 2014
12:28 EDTENBEnbridge Energy drop down from Enbridge a net postive, says Wells Fargo
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11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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10:57 EDTANFU.S. ITC to investigate 17 denim jean companies for patent infringement
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07:35 EDTPEIXGlobal Hunter Securities to hold a conference
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