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Stock Market & Financial Investment News

News Breaks
March 14, 2014
16:43 EDTFCEL, JOSB, HLF, CALL, PLUG, MW, GM, KKD, AMZN, BAMarket finishes week lower as China, Ukraine weigh on shares
Stocks ended the week lower as investors worried about the impact of slowing growth in China and the situation in Ukraine. MACRO NEWS: China reported weaker than expected retail sales and urban fixed asset investment for the two month period ended February 28. The data exacerbated fears about a potential significant Chinese economic slowdown... Also fanning fears on Wall Street was the standoff in Ukraine. U.S. Secretary of State John Kerry warned that Russia would face consequences if it continued to occupy Ukraine on Monday. Kerry's statement fueled concerns about a potential escalation of the standoff... U.S. economic data was mixed as February retail sales and jobless claims were better than expected, but an index of consumer sentiment missed expectations. COMPANY NEWS: The Department of Justice and the Department of Transportation stated that they would investigate General Motors' (GM) handling of problems with the ignition on some of its vehicles... The government is also probing Herbalife (HLF), as the FTC disclosed that it was launching an investigation of the multi-level marketer... Another American company that found itself facing new difficulties was Boeing (BA), which disclosed that it had found cracks in some wings of its 787 Dreamliner planes. As a result, the delivery of some of the aircraft will be delayed.... Menswear retailers Men's Wearhouse (MW) and Jos. A. Bank (JOSB) ended their long and public courtship as Men's Wearhouse struck a deal to acquire its peer for $65 per share in cash... Amazon.com (AMZN) raised the price of its Prime service by 25% for most of its customer base... In earnings news, VoIP phone service provider magicJack (CALL) rose after reporting stronger than expected results and providing higher than expected revenue guidance, and doughnut retailer Krispy Kreme (KKD) climbed after reporting slightly weaker than expected results but raising its full-year EPS guidance and increasing its share repurchase allocation. On the other hand, fuel cell maker Plug Power (PLUG) finished the week lower after the company reported an in-line EPS loss, but research firms Roth Capital and Cowen downgraded the stock. Another company in the sector, FuelCell (FCEL), also ended the week lower after reporting in-line results. Both stocks had jumped by large amounts in previous weeks.
News For GM;HLF;BA;MW;JOSB;AMZN;PLUG;FCEL;KKD;CALL From The Last 14 Days
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March 17, 2015
09:06 EDTBABoeing delivers first 787-9 Dreamliner assembled at North Charleston facility
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09:05 EDTAMZNMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
07:42 EDTAMZN, BABoeing may produce satellite for tech giants, Reuters says
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07:18 EDTBASatellite & Access Intelligence to hold a exhibition
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07:06 EDTPLUGPlug Power reports Q4 EPS (4c), consensus (4c)
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06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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March 16, 2015
19:00 EDTCALLOn The Fly: After Hours Movers
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16:42 EDTCALLmagicJack reports estimated 2.75M active MJ subscribers as of Dec. 31, 2014
magicJack activated 169,000 subscribers during the fourth quarter of 2014. Activations are defined as devices that become activated on to a subscription contract during a given period. During the fourth quarter ended December 31, 2014, magicJack's average monthly churn was 3.3%. magicJack APP had 3.4M monthly active unique APP users as of December 31, 2014.
16:41 EDTCALLmagicJack reports Q4 adjusted EPS 15c, consensus 12c
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16:40 EDTCALLmagicJack announces new $20M stock repurchase program
magicJack VocalTec Ltd. announced that its Board of Directors has authorized a new share repurchase program under which the company may repurchase up to $20M of its outstanding common stock from time to time on the open market or in privately negotiated transactions. The company's prior $100M repurchase program, pursuant to which $91.3M of its outstanding common stock was repurchased and $8.7M remained authorized for repurchases has been terminated.
16:00 EDTAMZNOptions Update; March 16, 2015
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15:26 EDTPLUGNotable companies reporting before tomorrow's open
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13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
11:06 EDTGMGM ignition switch death claims rises to 67, WSJ says
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10:44 EDTAMZNNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:00 EDTBARyanair plans transatlantic service in four to five years, Financial Times says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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05:50 EDTHLFStocks with implied volatility movement; FIG HLF
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