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Stock Market & Financial Investment News

News Breaks
February 16, 2012
12:22 EDTGM, ITRI, AEA, SJM, HDY, AMZN, NTAP, TRW, NILEOn 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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August 12, 2014
05:58 EDTAMZNAmazon's Disney dispute about more than pricing, WSJ reports
Amazon's (AMZN) dispute with Disney (DIS) is about more than pricing, according to the Wall Street Journal, and concerns promotion and product placement on Amazon's website. Additionally, the dispute encompasses questions over "who makes up the difference when Amazon loses money to match the prices of competitors," a source says. Reference Link
August 11, 2014
16:00 EDTAMZNOptions Update; August 11, 2014
iPath S&P 500 VIX Short-Term Futures down 1.33 to 31.90. Option volume leaders: AAPL KMI MNKD PBR AMZN SCTY TWTR TSLA according to Track Data.
15:23 EDTGMJPMorgan to hold a conference
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09:36 EDTAMZNActive equity options trading on open
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06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
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06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 10, 2014
15:44 EDTAMZNAmazon urges customers to express opinions on e-book prices with Hachette
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15:21 EDTAMZNAmazon stops preorders of some Disney movie titles, WSJ says
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August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
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08:32 EDTNTAPVMware, others could benefit from increased cloud adoption, says Pacific Crest
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07:10 EDTAMZNAmazon executive defends $2B investment in India, WSJ says
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06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
August 7, 2014
18:10 EDTAMZNHachette drops bid for Perseus Books, reports WSJ
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11:30 EDTNTAPNetApp August volatility elevated into Q1 and outlook
NetApp August call option implied volatility is at 42, September is at 35, December is at 28; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q1 on August 13.
09:49 EDTAMZNAmazon readying to launch grocery service in New York area, Re/code says
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09:36 EDTAMZNActive equity options trading on open
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08:27 EDTNTAPNetApp price target raised to $46 from $41 at Pacific Crest
Pacific Crest raised its price target on NetApp as the firm thinks the stock will be boosted by improving demand fundamentals and conservative Street expectations. The firm's checks indicate that the company's order pipelines are building, while its fundamentals have improved slightly. Pacific Crest does not think that the improvement is reflected in consensus estimates, and it keeps an Outperform rating on the shares.
06:36 EDTAMZNGoogle, Barnes & Noble launching same-day book delivery service, NY Times says
Google (GOOG) and Barnes & Noble (BKS) today will begin allowing consumers in three cities to order books carried by Barnes & Noble stores and have them delivered to their homes on the same day, according to The New York Times. Users will order the books on Google Shopping Express, and the service will compete with Amazon, the newspaper stated. Reference Link
06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
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