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Stock Market & Financial Investment News

News Breaks
June 4, 2014
16:30 EDTGM, NQ, UA, COH, EBIXOn The Fly: Closing Wrap
Stocks on Wall Street were higher, with the S&P 500 managing to close at a record high despite a relatively quiet trading day. Stocks began the session in negative territory following disappointing data job growth, the trade deficit, and non-farm productivity. The opening losses were moderate and were stemmed when the ISM services report came out slightly above expectations. The averages drifted towards the flat line and eventually crossed over into positive ground but there was little in the way of a catalyst to propel the market higher. The averages found a level near midday, from which they barely moved for the remainder of the session. ECONOMIC EVENTS: In the U.S., the trade deficit widened to $47.2B in April from $44.2B in March. ADP reported private payrolls increased 179k in May, which was below the consensus forecast for 210K job additions. Q1 productivity growth was revised lower to (3.2%), versus (1.7%) initially and expectations for a reduction to (3.1%.). Markit's services PMI rose to 58.1 in May from 55.0 in April, while ISM's services index rose to 56.3 in May from a reading of 55.2 last month. In its latest Beige Book report, the Federal Reserve said that all twelve of its districts reported that economic activity expanded during the recent period, with the pace of growth described as either "moderate" or "modest" in all of the regions. COMPANY NEWS: Shares of General Motors (GM) shares advanced $1.26, or 3.57%, to $36.52 after the company confirmed it will provide an update on its ignition switch recall investigation tomorrow, followed by a press conference hosted by CEO Mary Barra. MAJOR MOVERS: Among the notable gainers was NQ Mobile (NQ), which jumped $2.36, or 30.93%, to $9.99 after the company reported that investigators it appointed had found no evidence that the company had committed fraud as alleged by the short-selling blog Muddy Waters. Also higher was athletic apparel maker Under Armour (UA), which rose $2.52, or 4.93%, to $53.62 after research firm Jefferies upgraded the stock to Buy from Neutral in a note to investors earlier today. Among the noteworthy losers was Ebix (EBIX), which fell $2.17, or 14.56%, to $12.73 after it updated on its acquisition strategy and said it is looking to secure a new credit facility with additional flexibility and improved pricing to fund any acquisitions beyond its current allowance under its existing credit agreement. Also lower were shares of Coach (COH), which slipped $1.03, or 2.58%, to $38.99 after research firm Sterne Agee lowered its rating on the stock to Neutral from Buy. INDEXES: The Dow was up 15.19, or 0.09%, to 16,737.53, the Nasdaq was up 17.56, or 0.41%, to 4,251.64, and the S&P 500 was up 3.64, or 0.19%, to 1,927.88.
News For GM;NQ;UA;COH;EBIX From The Last 14 Days
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October 23, 2014
07:07 EDTUAUnder Armour reports Q3 apparel revenue up 26% to $705M
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07:06 EDTUAUnder Armour reports Q3 EPS 41c, consensus 40c
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05:56 EDTNQStocks with implied volatility above IV index mean; NQ TLM
Stocks with implied volatility above IV index mean; NQ Mobile (NQ) 184, Talisman Energy (TLM) 83 according to iVolatility.
October 22, 2014
15:37 EDTUANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
14:32 EDTUAUnder Armour October weekly 66 straddle priced for 8.4% move into Q3
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13:28 EDTGMEarnings Preview: General Motors sees better second half, excluding recalls
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10:14 EDTGMKyle Bass says would buy more GM shares at current levels
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10:08 EDTGMBass says General Motors taking back share from Ford
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10:05 EDTGMKyle Bass says General Motors still largest position
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07:39 EDTUAUnder Armour volatility elevated into Q3 and growth outlook
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06:24 EDTGMNHTSA says over 6M cars involved in Takata airbag recalls
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06:06 EDTNQStocks with implied volatility above IV index mean; NQ TLM
Stocks with implied volatility above IV index mean; NQ Mobile (NQ) 178, Talisman Energy (TLM) 89 according to iVolatility.
October 21, 2014
12:08 EDTGMGeneral Motors says supports Michigan House Bill 5606
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11:41 EDTNQNQ Mobile 'not a stock for real investors,' Muddy Waters says
Muddy Waters said via Twitter that NQ Mobile is "not a stock for real investors, just pure gamblers."
10:13 EDTGMGeneral Motors volatility elevated into Q3 and outlook
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10:00 EDTGMOn The Fly: Analyst Initiation Summary
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06:26 EDTNQStocks with implied volatility above IV index mean; NQ CMG
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06:26 EDTGMGeneral Motors initiated with a Neutral at Susquehanna
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October 20, 2014
11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
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08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
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