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Stock Market & Financial Investment News

News Breaks
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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July 30, 2014
17:11 EDTEPDEnterprise, Genesis complete crude oil pipeline in deepwater Gulf of Mexico
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16:35 EDTTSRATessera, Micron enter new technology and patent license agreements
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10:00 EDTENBOn The Fly: Analyst Downgrade Summary
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05:56 EDTENBEnbridge downgraded to Buy from Conviction Buy at Goldman
Goldman removed Enbridge from the Conviction Buy List based on relative share performance. Shares remain Buy rated with a $55 price target.
July 29, 2014
16:39 EDTTYCTyco seeks shareholder approval of proposed change in place of incorporation
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08:15 EDTAEnzo Biochem announces August 18 as date of Markman hearing in lawsuit
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July 28, 2014
08:43 EDTPEIXPacific Ethanol awarded $3M grant from California Energy Commission
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July 25, 2014
08:32 EDTTYCTyco says currently looking at six potential M&A deals 'actively'
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08:28 EDTTYCTyco raises FY14 EPS ex-items view to $1.96-$1.98 from $1.93-$1.97
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08:27 EDTTYCTyco sees Q4 EPS ex-items 54c-56c, consensus 56c
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08:14 EDTTYCTyco says would not expect Europe to be 'significant driver of growth' in FY14
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06:02 EDTTYCTyco reports Q3 EPS ex-items 54c, consensus 54c
Reports Q3 revenue $2.66B, consensus $2.65B.
July 24, 2014
15:29 EDTTYCNotable companies reporting before tomorrow's open
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11:01 EDTAAgilent signs co-marketing agreement with MRM Proteomics
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July 22, 2014
09:32 EDTANFAbercrombie & Fitch Q2 revenues tracking below consensus, says ITG Research
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July 21, 2014
11:04 EDTANFOptions with increasing implied volatility:
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08:22 EDTTSRATessera initiated with a Buy at Craig-Hallum
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July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
July 17, 2014
11:48 EDTADSKStocks with call strike movement; ADSK KORS
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06:20 EDTAAgilent initiated with a Neutral at Citigroup
Target $64.
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