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Stock Market & Financial Investment News

News Breaks
January 3, 2014
16:50 EDTHLF, UAL, FEYE, F, AAL, DAL, TM, GM, S, JBLU, RAD, HMCOn The Fly: Closing Wrap
Stocks on Wall Street were mixed in the second trading session of the year, with the Dow climbing, the Nasdaq falling, and the S&P 500 finishing virtually flat. Volume remained light, with snow in the northeast and the fractured holiday week perhaps keeping some market participants home. The averages traded in a modest range for much of the session, with commentary from some Fed members, including outgoing chairman Ben Bernanke, moving the markets in the final hour of trade. 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: Automakers released their U.S. sales data for December, and among the notable reporters was General Motors (GM), which reported sales fell by over 6% during the month compared to last year and shares of the car-maker fell $1.38, or 3.37%, to $39.57 following the announcement. Ford (F) reported December sales grew by almost 2%, while Japanese manufacturers Honda (HMC) reported sales that rose 1.9% and Toyota (TM) saw sales drop 1.7%. Shares of computer-security firm FireEye (FEYE) gained $15.89, or 38.63%, to $57.02 after the company announced last night that it had bought privately held cybersecurity firm Mandiant in a deal valued at $1 billion. FireEye also raised its revenue outlook and analysts at Bank of America Merrill Lynch and JPMorgan increased their price targets on the stock. MAJOR MOVERS: Among the notable gainers was Rite Aid (RAD), up 43c, or 8.53%, to $5.47 after the company reported December same-store sales that rose 2.9%, with analysts at Deutsche Bank noting that this is the pharmacy's best growth in 21 months. Also higher was Delta (DAL), up $1.53, or 5.52%, to $29.23 after reporting that its Passenger Revenue per Available Seat Mile, or PRASM, was up 10% in December compared to the prior year. Delta's airline peers, including United Continental (UAL), up $2.22, or 5.88%, to $39.95, JetBlue (JBLU), up 45c, or 5.23%, to $9.05, and American Airlines (AAL), up $1.18, or 4.65%, to $26.54 also advanced. Among the noteworthy losers was Herbalife (HLF), down $2.74, or 3.43%, to $77.09 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. Also lower was Sprint (S), down 46c, or 4.42%, to $9.94 after the stock was cut to Sell from Hold at Stifel, which said it is skeptical of the company's near-term M&A prospects. INDEXES: The Dow was up 28.64, or 0.17%, to 16,469.99; the S&P 500 was down 0.61, or 0.03%, to 1,831.37; the Nasdaq was down 11.16, or 0.27%, to 4,131.91.
News For GM;F;HMC;TM;FEYE;RAD;DAL;UAL;JBLU;AAL;HLF;S From The Last 14 Days
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December 10, 2014
06:00 EDTAAL, UAL, DALBarclays upgrades United, American amid lower oil prices
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05:39 EDTAAL, DAL, UALUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
05:34 EDTAALAmerican Airlines upgraded to Overweight from Equal Weight at Barclays
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December 9, 2014
14:16 EDTJBLUJetBlue reports preliminary November traffic up 10.1%
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10:57 EDTDALDelta Air Lines volatility elevated into a company hosted investor meeting
Delta Air Lines December weekly call option implied volatility is at 64, December is at 43, January and February is at 37; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into a company hosted investor meeting to be held on December 11.
10:28 EDTSVerizon drops after warning about promotional impact on profits
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09:52 EDTDALDelta Air Lines to host investor day
Investor Day to be held on December 11 at 8:30 am. Webcast Link
09:21 EDTUALOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
09:17 EDTFTeleTech to expand in China through Percepta joint venture
TeleTech Holdings (TTEC) announced plans to expand in China through Percepta, a global joint venture with Ford Motor (F). Providing service and support through all stages of the customer lifecycle, Percepta operates customer contact centers on five continents specifically for the automotive industry.
07:37 EDTFUBS to hold a conference
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06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
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December 8, 2014
18:31 EDTHMCHonda to expand air bag recall worldwide, Nikkei reports
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16:26 EDTUALUnited Continental November consolidated traffic down 0.3%
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14:56 EDTSMDC Partners climbs for third day after making announcement on CRM unit
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11:10 EDTF, GM, HMC, TMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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08:07 EDTFFord management to meet with UBS
Meeting to be held in Boston on December 8 hosted by UBS.
08:04 EDTAALAmerican Airlines reports November revenue passenger miles down 0.5% to 16.2B
American Airlines's total revenue passenger miles for the month were 16.2B, down 0.5% versus November 2013. Total capacity was 20.8B available seat miles, up 0.9% versus November 2013. Total passenger load factor was 77.7% for the month of November, down 1.1 points versus November 2013. The company expects its fourth quarter consolidated passenger revenue per available seat mile to be approximately down one percent to up 1%. In addition, the company continues to expect its fourth quarter pretax margin excluding special charges to be approximately 10%-12%.
07:28 EDTFEYEFBN Securities to hold a bus tour
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