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Stock Market & Financial Investment News

News Breaks
February 16, 2012
12:22 EDTHDY, ITRI, NTAP, SJM, GM, NILE, AMZN, AEA, TRWOn The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, following some encouraging domestic economic data. The futures began the day below fair value and the market looked as if the selling would continue from yesterday. The futures moved off their lows but still closed in negative territory, even after better than expected data on jobless claims and housing start. The market opened flat but began to drift higher. The averages continued their upward momentum following the better than expected Philadelphia Fed Manufacturing report. The averages now stand at session highs in what has been a slow, methodical recapture of almost all of yesterday’s losses... ECONOMIC EVENTS: Domestically, 348,000 weekly initial jobless claims were reported, which was below the expected 365,000. The producer price index for January inched up 0.1%, versus the expected increase of 0.4%. However, "core" PPI, minus food and energy, rose 0.4%, versus the expected increase of 0.2%. There were 699,000 housing starts versus the expected 675,000, and 676,000 building permits versus the expected 680,000. The Philadelphia Manufacturing Index was released with a reading of 10.2, beating the expected reading of 9.0. Also of note but largely ignored in today's trading, last night Moody's warned that it may lower the credit ratings of 17 global and 114 European financial institutions, citing the ongoing euro zone debt crisis... MARKET NEWS: Sales and profits at General Motors (GM) missed estimates, as its strong U.S. performance was weighed on by losses in Europe and South America. Still, shares advanced over 6%, as the company expressed confidence in its ability to increase top-line revenue this year... Among others reporting earnings, NetApp (NTAP) and TRW Automotive (TRW) advanced, while Avis Budget (CAR) and Blue Nile (NILE) declined... Amazon.com (AMZN) traded lower following a downgrade at Morgan Stanley... MAJOR MOVERS: Among the notable gainers was Itron (ITRI), after receiving at least three upgrades following its earnings, guidance, and acquisition news, and Advance America (AEA), on news it will be acquired by Grupo Elektra for $10.50 per share. Noteworthy losers included J.M. Smucker (SJM), following its weaker than expected results and cautious comments, and Hyperdynamics (HDY), after saying a well offshore Guinea may have had larger volumes of oil previously but the oil reserves formerly present may have since leaked out... INDICES: Near noon, the Dow was up 103.46, or 0.81%, to 12,884.41; the Nasdaq was up 26.56, or 0.91%, to 2,942.39; and the S&P 500 was up 10.65, or 0.79%, to 1,353.88.
News For GM;ITRI;AEA;SJM;HDY;AMZN;NTAP;TRW;NILE From The Last 14 Days
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April 9, 2015
05:56 EDTAMZNAmazon, Flipkart eye 49% stake in FSCS, Times of India reports
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April 8, 2015
19:09 EDTGMGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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16:01 EDTAMZNActionable Options for Wednesday, April, 8
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06:02 EDTAMZNGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
05:55 EDTAMZNStocks with implied volatility above IV index mean; LNKD AMZN
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April 7, 2015
16:55 EDTNTAPXerox upgraded to Buy ahead of Q1 results at Citigroup
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11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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09:35 EDTAMZNActive equity options trading on open
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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07:09 EDTAMZNAmazon licenses technology from Crytek, sources say, Kotaku reports
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06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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April 6, 2015
18:01 EDTGMCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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16:00 EDTAMZNOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
11:41 EDTGMDeath claims linked to GM ignition switches up to 80, WSJ reports
The number of deaths linked to General Motors' faulty ignition switch was raised by three to 80 total people, reports The Wall Street Journal, citing statements by lawyers operating the GM compensation fund. The number of confirmed injury claims rose by seven to 141 people. Reference Link
09:25 EDTAMZNeBay threatened by merchant satisfaction with Amazon, Bloomberg says
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07:41 EDTGMBrookings Institute to hold a discussion
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06:00 EDTAMZNIndian railways may tie up with Amazon for parcels, Economic Times says
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April 5, 2015
16:56 EDTAMZNEU considers major probe into Internet platforms, WSJ says
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08:43 EDTGMAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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