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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:40 EDTPFPT, HLF, KEYW, F, QLYS, FEYE, GMOn 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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November 18, 2014
17:37 EDTGM, FNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
09:55 EDTFFord recalling 65,000 Fusion sedans in North America, Reuters reports
Ford is recalling 65,000 Fusions in North America, or about 56,500 in the U.S., 6,000 in Canada and 2,350 in Mexico, Reuters reports. The automaker is recalling the vehicles due to a programming fault that allows the key to be removed from the ignition even if the car is not in "park" 30 minutes after the ignition is off. No injuries or crashes have been reported as a result of this issue. For the latest breaking news, listen to Fly Radio
07:36 EDTPFPTUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
November 17, 2014
21:08 EDTPFPTProofpoint management to meet with William Blair
Meetings to be held in Canada on November 20-21 hosted by William Blair.
14:17 EDTFFord wants to make electric vehicles for the masses, Yahoo reports
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09:22 EDTFOn The Fly: Pre-market Movers
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06:48 EDTFEYE, QLYS, PFPTState Department hacked, NY Times reports
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06:07 EDTGMDeadline extended for GM compensation claims, AP reports
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November 16, 2014
19:34 EDTFEYEFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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17:57 EDTFFord expands Ranger recall on additional Takata air bag defect, Bloomberg says
Ford has increased the scope of its Ranger pickup trucks recall after an incident in Malaysia alerted the car company of a defect in the Takata air bags that was not previously known, says Bloomberg. Reference Link
16:55 EDTFFord could rise 30% in a year, Barron's says
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November 14, 2014
17:13 EDTGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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16:39 EDTGMBerkshire Hathaway gives quarterly update on stakes
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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07:46 EDTFEYEFireEye growth outlook has improved, says Wells Fargo
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07:32 EDTGMHayman Capital gives quarterly update on stakes
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November 13, 2014
15:02 EDTKEYWKEYW announces award of $40M in new prime contracts
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11:15 EDTFFord wary of expanding South African investment, Reuters says
Due to repeated disruptions to its operations from strikes, Ford is reticent to expand its investment in Its South African operation, says Reuters. Jeff Nemeth, president of Ford's South African business, said, "A challenge for us here in South Africa is convincing our board to continue to invest in a country where the stability of output is a little less certain than in other countries," added Reuters. Reference Link
06:24 EDTGMHeidrick & Struggles picked by GM to find new general counsel, WSJ reports
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