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Stock Market & Financial Investment News

News Breaks
April 1, 2014
12:29 EDTRBCN, HSP, ISRG, MDR, MDCO, GM, ARWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the second quarter began with the S&P 500 index hitting a record high. The Nasdaq, however, was the early leader and remains the session's best performer with an advance of about 1%. Manufacturing data from around the globe pointed to expansion in the U.S. and Europe last month, though the picture in China was clouded by conflicting surveys. ECONOMIC EVENTS: In the U.S., Markit's final print for the March manufacturing PMI held steady at 55.5, which was down from February's 57.1 reading and below expectations for it to have been bumped up to 56.0. ISM's manufacturing PMI for March inched up to 53.7 from February's 53.2 reading, though that was a hair below the consensus 53.9 forecast. Construction spending rose 0.1% in February, as expected. In Asia, China's official manufacturing PMI climbed to 50.3 in March, beating expectations for a modest decline to 50.1. Markit and HSBC's PMI reading, however, fell to an eight-month low of 48.0. In Europe, the final euro zone manufacturing PMI for the month was unchanged from a flash estimate of 53.0, extending the recovery in the region’s manufacturing sector to a ninth straight month. COMPANY NEWS: General Motors (GM), which has been a constant source of headlines of late due to its ongoing recall problems, reported that its March U.S. sales report has been delayed due to a computer systems issue that impacted dealer reporting. The company, whose CEO Mary Barra is on Capitol Hill today to give testimony about the automaker's handling of ignition switch issues linked to 13 deaths, said it expects to report its sales this afternoon before the close of business... Shares of Intuitive Surgical (ISRG) advanced 9% near noon after the company announced the FDA cleared the U.S introduction of its new da Vinci Xi Surgical System. Analysts at JPMorgan responded to the news by raising Intuitive Surgical's price target to $500 from $475, saying the new system is a significant positive with the potential to both drive a replacement cycle and further increase penetration and utilization of the company's products within hospitals. Leerink also sees today's news as a positive, but said it is uncertain exactly how many incremental system sales the da Vinci XI Surgical system will fuel and whether the features of Intuitive's new robot will lead to increased utilization into new surgery areas. The firm kept its Market Perform rating on Intuitive. MAJOR MOVERS: Among the notable gainers was Rubicon (RBCN), which rose 13% after the stock was upgraded to Overweight at JPMorgan citing a pick-up in demand for LEDs and sapphire covers. Also higher was Arrowhead Research (ARWR), which rose 12% after the company announced that the first cohort of 8 patients has been fully enrolled and dosed in a Phase 2a clinical trial of its RNAi therapeutic for the treatment of chronic hepatitis B virus infection. Among the noteworthy losers was The Medicines Co. (MDCO), which slid 15% after a court ruled that the company failed to prove that Hospira's (HSP) generic Angiomax product infringed its patents. Also lower was McDermott (MDR), which slid 7% after warning that its first quarter results may differ "substantially" from the company's current expectation and filing to sell 10M tangible equity units. INDEXES: Near midday, the Dow was up 60.69, or 0.37%, to 16,518.35, the Nasdaq was up 45.98, or 1.1%, to 4,244.98, and the S&P 500 was up 7.07, or 0.38%, to 1,879.41.
News For GM;ISRG;RBCN;MDCO;HSP;ARWR;MDR From The Last 14 Days
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July 22, 2015
07:18 EDTGMAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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07:13 EDTISRGIntuitive Surgical upgraded to Buy at Canaccord
As reported previously, Canaccord upgraded Intuitive Surgical to Buy from Hold citing accelerated growth and improving gross margins. Canaccord raised its price target to $615 from $517 on Intuitive Surgical shares.
07:01 EDTISRGIntuitive Surgical price target raised to $675 from $616 at Jefferies
Jefferies raised its price target for Intuitive Surgical to $675 calling the company's Q2 results strong "across the board." Intuitive's upped guidance shows the positive trends are sustainability, the firm tells investors in a research note. It keeps a Buy rating on the name.
06:53 EDTISRGIntuitive Surgical upgraded to Buy from Hold at Canaccord
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06:00 EDTISRGIntuitive Surgical price target raised to $625 from $575 at Barclays
Barclays analyst Matthew Taylor raised his price target for Intuitive Surgical to $625 saying the company's Q2 results should ease investor concerns around procedure growth and margins. The analyst calls the quarter "excellent" in a research note titled "Hitting All Cylinders." Taylor keeps an Overweight rating on the stock.
July 21, 2015
19:00 EDTISRGOn The Fly: After Hours Movers
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16:59 EDTISRGIntuitive Surgical advances further to up over 12% in after-hours trading
16:58 EDTISRGIntuitive Surgical sees 2H15 gross profit margin 67%-68%
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16:57 EDTISRGIntuitive Surgical raises 2015 procedural growth view to 11%-13% from 8%-11%
Comments from company's Q2 earnings conference call.
16:43 EDTISRGIntuitive Surgical advances almost 9% after reporting Q2 results
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16:08 EDTISRGIntuitive Surgical Q2 worldwide da Vinci procedures grew 14%
Worldwide da Vinci procedures grew approximately 14% over the second quarter of 2014, up 8% sequentially over the first quarter of 2015, driven primarily by growth in U.S. general surgery procedures and broad-based procedure growth in Asia and other international markets. The Company shipped 118 da Vinci Surgical Systems, compared to 96 in the second quarter of 2014 and 99 in the first quarter of 2015.
16:07 EDTISRGIntuitive Surgical reports Q2 EPS $4.57, consensus $3.98
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15:02 EDTISRGNotable companies reporting after market close
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14:16 EDTISRGIntuitive Surgical July weekly 502.50 straddle priced for 6.4% movement into Q2
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12:33 EDTISRGEarnings Watch: Intuitive Surgical down about 9% since last earnings
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12:16 EDTISRGIntuitive Surgical technical comments before results
The stock has been trading in a sideways range from $480 at the low and $512 at the high since April of this year. Those two bounds may help us understand where price may go following earnings. If the news is bearish, a breakdown below $480 would resolve the range bearishly. Next supports to watch as potential downside objectives would be at $475, $470.79, and $467.45. If the news is a bullish surprise, the upper bound of the range at $512 would likely be tested. A breakout above $512 would resolve the range bullishly. Next resistance levels to watch as potential upside objectives would be at $525.57, $538.83, and $542.41.
09:40 EDTGMJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
08:30 EDTISRGIntuitive Surgical July weekly volatility elevated into Q2 and outlook
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July 20, 2015
12:16 EDTGMHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
06:43 EDTGMGM's Opel to cut production at two German factories, Reuters reports
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