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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:00 EDTEXTR, TMUS, SPLK, FNSR, DNROptions with increasing implied volatility: EXPR TMUS SPLK FNSR DNR
News For EXTR;TMUS;SPLK;FNSR;DNR From The Last 14 Days
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July 31, 2014
08:45 EDTTMUST-Mobile says MetroPCS integration continues ahead of plan
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07:27 EDTTMUST-Mobile reports Q2 EPS 48c, may not be comparable to consensus 8c
Reports Q2 revenue $7.19B, consensus $7.04B. Reports Q2 total service revenue $5.48B.
06:14 EDTTMUST-Mobile sees FY14 adjusted EBITDA $5.6B-$5.8B; FY14 CapEx $4.3B-$4.6B
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06:13 EDTTMUST-Mobile reports Q2 total smartphone sales 6.2M units
This represents a penetration of 83% of the total branded phone customer base at the end of the second quarter. Reports branded postpaid phone average revenue per user down 2.3% to $49.32.
06:12 EDTTMUST-Mobile reports 50.5M customers at Q2-end
Branded postpaid net customer additions were 908,000, including 579,000 phone net additions and 329,000 mobile broadband net additions, mostly tablets. These results reflect continued record low branded postpaid phone churn of approximately 1.5% for the second quarter, which was flat versus the first quarter of 2014 and the second quarter of 2013.
06:11 EDTTMUST-Mobile reports 1.5M total net customer additions in Q2
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July 30, 2014
15:40 EDTTMUSNotable companies reporting before tomorrow's open
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06:31 EDTTMUST-Mobile, Sprint merger not anticipated prior to September, Reuters says
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July 29, 2014
05:58 EDTTMUST-Mobile US CEO announces 10 gigabytes of data for $100 a month
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July 28, 2014
13:11 EDTTMUST-Mobile new offering substantive, says Wells Fargo
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July 21, 2014
16:22 EDTEXTROn The Fly: Closing Wrap
Stocks on Wall Street began the trading day in negative territory and remained there through nearly the whole session. The market action was influenced more by the geopolitical events in Russia and Israel than by the upcoming avalanche of earnings scheduled for release throughout the week. Despite the weak open and subsequent drop during the first hour of trading, the market drifted off its lows and managed to pare its losses, even turning mixed for a short time. The averages dipped again heading into the bell, though they closed well of their worst levels. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity Index dipped to 0.12 in June from a reading of 0.16 in May. COMPANY NEWS: Allergan (AGN) rose $3.74, or 2.23%, to $171.14 after the company's Q2 results and its FY14 outlook beat expectations. The company, which is working to fend off a proposed acquisition by Valeant Pharmaceuticals (VRX), also announced plans to cut its workforce by 13%, or about 1,500 employees, as part of a broader restructuring effort. In related news, Valeant announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business." Later in the day, Bill Ackman of Pershing Square, who is partnering with Valeant in its attempt to buy Allergan, called the restructuring a "Valeant light" effort and said Valeant does not need to raise its bid for Allergan. Ackman explained that he believes that shares of Valeant will rise around $10 should the Allergan board engage in takeover talks with the company and that a $10 share rise would boost Valeant's bid for Allergan by $8 per share. MAJOR MOVERS: Among the notable gainers was Extreme Networks (EXTR), which rose 69c, or 15.79%, to $5.06 after the company raised its Q4 earnings per share outlook and narrowed its Q4 revenue view. Also higher were shares of EMC (EMC), which advanced $1.35, or 5.0%, to $28.33 after the Wall Street Journal reported, citing sources, that activist investor Elliott Management has taken a stake of over $1B in the data-storage company and plans to push it to break itself up and spin off VMware (VMW), which is 80% owned by EMC. Shares of VMware fell $2.36, or 2.48%, to $92.95 following the Journal's report. Among the other noteworthy losers was Monster Beverage (MNST), which fell $3.07, or 4.53%, to $64.74 after Morgan Stanley downgraded the stock, citing slowing U.S. trends and balanced valuation. Also lower were shares of Yum! Brands (YUM), which fell $3.29, or 4.25%, to $74.13 after Associated Press reported that the company's KFC brand and McDonald's (MCD) were sold expired beef and chicken in China from food supplier Husi Food. Shares of McDonald's, which is scheduled to report on its quarter before tomorrow's market open, slid $1.44, or 1.45%, to $97.55. INDEXES: The Dow fell 48.45, or 0.28%, to 17,051.73, the Nasdaq dropped 7.44, or 0.17%, to 4,424.70, and the S&P 500 declined 4.59, or 0.23%, to 1,973.63.
12:10 EDTEXTROn The Fly: Midday Wrap
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10:31 EDTEXTRHigh option volume stocks:
High option volume stocks: EZPW LCI STLD SIAL FL OREX CROX NIHD EXTR BBT
09:10 EDTEXTROn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
08:19 EDTEXTRExtreme Networks and PCM, Inc. selected by Tennessee Titans for Wi-Fi technology
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07:34 EDTEXTRExtreme Networks raises Q4 EPS to 6c-8c from 2c-4c, consensus 3c
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July 20, 2014
14:47 EDTTMUSAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
10:03 EDTSPLKOn The Fly: Analyst Initiation Summary
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09:18 EDTTMUSSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:08 EDTTMUSSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link
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