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Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:15 EDTGOOG, AMZN, WMT, CMG, ZNGA, N, GDOT, MPOOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at the outset, but the averages have managed to cut their losses in half from that early low point. The market is approaching correction territory and investors may have tried to take advantage of stocks being beaten up to add to positions. With today's slide the market is putting the finishing touches on its first losing month since August. ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in December, versus expectations for it to have grown 0.2%, though spending rose 0.4%, which was above the forecast for spending growth of 0.2%. Employment costs rose 0.5% during the fourth quarter, versus the expected increase of 0.4%. The Chicago ISM business barometer dropped to 59.6 in January from 60.8 in December, though that was a little better than analysts forecast for it to slip to 59.5. The University of Michigan consumer sentiment index fell to 81.2 in the final January print, though that was close to expectations. In Europe, reports on the labor market and inflation suggested that the ECB will be under pressure to provide more monetary stimulus. The unemployment rate in the euro zone was 12% in December, unchanged since October after a revision of prior months’ data. The inflation rate came in at 0.7% in January, which is down from 0.8% in December and significantly lower than economists expected. The “core” rate excluding energy, food, alcohol and tobacco, rose to 0.8% in January from 0.7% in the prior month. COMPANY NEWS: The world's largest retailer, Wal-Mart (WMT), warned that its profits for its Holiday quarter and for the year may come in at or slightly below its prior view. The company said two factors contributed to its lower than expected comparable store sales performance in the U.S., namely a greater than expected impact from the government's changes to its nutrition assistance program and eight named winter storms that forced store closures and hurt traffic throughout the quarter. Despite the downbeat view, shares of the company were fractionally higher near noon... Shares of another retail giant, on-line retailer Amazon.com (AMZN), fell 9% after the company’s fourth quarter results and first quarter guidance fell short of analysts’ expectations. Despite earnings and revenue that came in below forecasts, analyst commentary was mostly positive this morning, as four separate research firms raised their respective price targets on Amazon... Google (GOOG) edged closer to $1,200 per share, rising almost 4% near noon after its quarterly report last night revealed profits that fell a bit short of expectations but revenues that exceeded the consensus estimate. Several firms ratcheted up their price targets on the search leader's shares after the report, with FBN Securities bumping its price target for Google to $1,400, citing the company's strong paid click growth and improving network revenue. MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), which advanced 16% after the company reported a narrower-than-expected quarterly loss and said it expects to be profitable in 2014. The mobile game maker also announced a deal to acquire NaturalMotion for $527M and disclosed plans to cut 15% of its workforce. Also higher was Chipotle Mexican Grill (CMG), which rose nearly 14% to be the S&P 500's biggest gainer after the Mexican restaurant chain reported fourth quarter revenue that beat estimates and comparable restaurant sales that increased 9.3%. Among the noteworthy losers following their quarterly reports were software provider NetSuite (N), down more than 7% near noon, and pre-paid debit card provider Green Dot (GDOT), which fell over 16%. Also lower was Midstates Petroleum (MPO), down 14% after analysts at Morgan Stanley downgraded the stock to Equal Weight from Overweight, citing the company's disappointing production guidance. INDEXES: Near midday, the Dow was down 86.04, or 0.54%, to 15,762.57, the Nasdaq was down 9.38, or 0.23%, to 4,113.75, and the S&P 500 was down 5.32, or 0.30%, to 1,788.87.
News For GOOG;AMZN;WMT;CMG;ZNGA;N;GDOT;MPO From The Last 14 Days
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July 15, 2014
17:35 EDTGOOGGoogle confirms Alan Mulally appointment to board
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16:15 EDTGOOGGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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16:00 EDTAMZN, GOOGOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
13:34 EDTAMZNLivingSocial names eBay's Guantam Thakar as president and CEO
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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09:05 EDTAMZNSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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07:23 EDTAMZNFortune to hold a conference
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07:15 EDTGOOGIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:15 EDTGOOGGoogle Fit may benefit remote medical care industry, DigiTimes Research says
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06:02 EDTGOOGSamsung, Nest, ARM team up for Thread wireless networking protocol
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05:53 EDTWMTStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.
05:44 EDTGOOGNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
July 14, 2014
18:49 EDTGOOGGoogle initiated with an Outperform at FBR Capital
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16:00 EDTGOOG, AMZNOptions Update; July 14, 2014
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14:43 EDTAMZNAmazon.com downgraded earlier to Peer Perform from Outperform at Wolfe
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10:15 EDTGOOG, AMZNAmazon hires Google Glass creator Babak Parviz, TechCrunch reports
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09:36 EDTAMZNActive equity options trading on open
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09:25 EDTGOOGGoogle looked to Page, Brin to woo Facebook workers, WSJ says
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08:10 EDTGOOGEndurance announces extension of partnership with Google
Endurance International Group (EIGI) announced the extension of its partnership with Google (GOOG) for the Get Your Business Online initiative. The partnership will allow more businesses to benefit from the overall web presence solutions the program provides. The Get Your Business Online program has already provided web presence services and support to bring hundreds of thousands of American businesses online for the first time.
06:10 EDTGOOGTaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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