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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:40 EDTGM, F, HLF, FEYE, KEYW, PFPT, QLYSOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with only the Dow hanging on to its early session gains. The market opened in positive territory and looked set to recapture some of its losses from yesterday. As the morning progressed, however, the averages weakened and eventually turned mixed. The Nasdaq was the first index to fall into negative territory and the S&P fell into the red as well right before noon. The volume remains light, as many market participants remain on the sidelines given the mid-week holiday and the storm that hit the Northeast. ECONOMIC EVENTS: In the U.S., the New York ISM fell to 63.8 in December from a prior reading of 69.5. Crude oil inventories fell by more than projected last week, drawing down by about 7M barrels. COMPANY NEWS: Auto makers released their U.S. sales data for December. General Motors (GM) reported its sales fell by over 6% during the month compared to last year and its stock declined over 3% following the announcement, while Ford (F) shares rose fractionally after the company's December sales grew by almost 2%... Shares of computer-security firm FireEye (FEYE) jumped over 31% after the company announced last night that it had bought privately held cybersecurity firm Mandiant in a deal valued at $1 billion. Separately, FireEye raised its revenue outlook and analysts at Bank of America Merrill Lynch and JPMorgan increased their price targets on its shares. Other stock in the cybersecurity industry advanced as well following the deal, with KEYW (KEYW), Proofpoint (PFPT) and Qualys (QLYS) all trading higher. MAJOR MOVERS: Among the notable gainers was Chinese travel search website operator Qunar (QUNR), which rose nearly 10% after the company said that it achieved a single-day record for air ticket bookings, with more than 60K over the New Year holiday. Also higher was Delta (DAL), which jumped 4% after reporting its Passenger Revenue per Available Seat Mile, or PRASM, was up 10% in December compared to the prior year. Among the noteworthy losers was RF Industries (RFIL), which dropped 21% after reporting preliminary Q4 earnings and revenue that were down from the prior year. Also lower were shares of Herbalife (HLF), which fell more than 4% after the Federal Trade Commission announced it will hold a press conference next Tuesday to announce an initiative against "deceptive advertising of weight-loss products," though the FTC did not name the products or manufacturers it will target. INDEXES: Near midday, the Dow was up 26.91, or 0.16%, to 16,468.26, the Nasdaq was down 13.69, or 0.33%, to 4,129.38, and the S&P 500 was down 0.41, or 0.02%, to 1,831.57.
News For GM;F;HLF;FEYE;KEYW;PFPT;QLYS From The Last 14 Days
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October 14, 2014
06:15 EDTFFord downgraded to Neutral from Buy at Goldman
Goldman downgraded Ford to Neutral citing lack of near-term catalysts and less balance sheet optionality. Price target lowered to $17 from $21.
October 13, 2014
12:10 EDTGMGM lawyer says 27 people eligible for ignition switch compensation, AP reports
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11:35 EDTQLYSQualys to host investor day
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11:00 EDTFFord adding 850 more jobs at Ford Rouge Center to build new F-150
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10:23 EDTFFord to hire 850 workers for Dearborn Rouge factories, WSJ says
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09:23 EDTFEYEHP could buy lower valuation company, says Bernstein
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09:01 EDTHLFHerbalife moving distributor websites to central control, NY Post reports
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07:02 EDTFFord and Carfax expand partnership
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06:44 EDTF, GMRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:34 EDTFEYEJPMorgan to double spending on cybersecurity over next five years, WSJ says
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17:21 EDTGMTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
12:11 EDTHLFOptions with increasing implied volatility
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10:55 EDTHLFHerbalife volatility increases
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07:17 EDTFCitigroup and the Society of Automotive Analysts to co-host a summit
Automotive Investor Summit is being held in Southfield, Michigan on October 10.
06:44 EDTFFord reports China unit sold 95,875 vehicles in September, Reuters says
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06:12 EDTGMGeneral Motors reports September China sales up 15.2% to 319,936
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October 9, 2014
14:32 EDTHLFIcahn says never discussed Netflix with Tim Cook
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09:17 EDTGMOmix Ada recalls floor mats used in Chevrolet, GMC trucks, SUVs
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08:02 EDTFPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
06:40 EDTPFPT, FEYE, QLYSSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
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