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Stock Market & Financial Investment News

News Breaks
April 17, 2014
12:53 EDTGOOG, AET, MU, ADS, BHI, PM, MS, UNH, DD, GS, GE, AXP, SNDK, IBM, WLPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed but near the flat-line at midday as investors sifted through a barrage of earnings reports from some of the world's biggest companies. Stock futures were pointing to a lower open in the early hours of the morning following last night's misses by two of the biggest names in tech. However, the futures moved off their lows as some other corporate giants reported better than expected earnings and weekly jobless claims also positively surprised, though the broader market opened slightly lower. The averages have managed to pare their losses throughout the morning and turn mixed. The market is on track to have it best weekly performance since last year if it can hold near current levels into the close. ECONOMIC EVENTS: In the U.S., initial jobless claims edged up 2K to 304K in the week ended April 12, though that was below the consensus 315K forecast of economists. The Philly Fed manufacturing index climbed to 16.6, beating expectations for a more modest uptick to 10.0. COMPANY NEWS: Two of the biggest names in technology, Google (GOOG) and IBM (IBM), both reported revenue that missed expectations last night, which weighed on both of their stocks. Google, which also missed expectations for earnings per share, slid over 4% near noon, while shares of IBM were down over 3%... In addition to IBM, five other Dow components reported on their just ended quarters: General Electric (GE), which rose over 2%, UnitedHealth (UNH), which declined more than 3.5%, American Express (AXP), which slid about 2%, DuPont (DD), which fell 1%, and Goldman Sachs (GS), whose shares were little changed near midday... Among the many other companies that reported after last night's closing bell and this morning's open, Baker Hughes (BHI) and Morgan Stanley (MS) advanced, while Phillip Morris International (PM) and Alliance Data Systems (ADS) declined. MAJOR MOVERS: Among the notable gainers was SanDisk (SNDK), which advanced 10% after the company's quarterly results topped analysts' consensus estimates and the company raised its adjusted gross margin outlook. SanDisk peer Micron (MU), which issued its own quarterly report two weeks ago today, also rose 5%. Among the noteworthy losers were a number of health insurers following the quarterly report from UnitedHealth, which is the largest company in the sector. Shares of peer WellPoint (WLP) slid almost 4%, while Aetna (AET) fell 3%. INDEXES: Near midday, the Dow was down 7.07, or 0.04%, to 16,417.78, the Nasdaq was up 8.54, or 0.21%, to 4,094.76, and the S&P 500 was up 2.20, or 0.12%, to 1,864.51.
News For GOOG;IBM;SNDK;AXP;GE;GS;DD;UNH;MS;PM;BHI;ADS;MU;AET;WLP From The Last 14 Days
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September 8, 2014
10:17 EDTAXPAmerican Express President says won't comment on press speculation on Apple
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10:06 EDTSNDKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with a Buy at Citigroup... Agilent (A) initiated with an Equal Weight at Morgan Stanley... Altisource Residential (RESI) initiated with a Neutral at JPMorgan... AngloGold (AU) initiated with an Overweight at JPMorgan... Arista Networks (ANET) initiated with an Outperform at FBN Securities... C1 Financial (BNK) initiated with a Buy at Wunderlich... Cherokee (CHKE) initiated with a Buy at Roth Capital... ContraFect (CFRXU) initiated with a Buy at Maxim... DRDGOLD (DRD) initiated with an Underweight at JPMorgan... Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley... Enservco (ENSV) initiated with an Outperform at Northland... GoPro (GPRO) initiated with an Outperform at FBN Securities... Gold Fields (GFI) initiated with an Overweight at JPMorgan... Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley... Harmony Gold (HMY) initiated with a Neutral at JPMorgan... Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley... LINN Energy (LINE) reinstated with an Outperform at Credit Suisse... LinnCo (LNCO) reinstated with an Outperform at Credit Suisse... Randgold (GOLD) initiated with a Neutral at JPMorgan... Rentrak (RENT) initiated with a Buy at Needham... Rice Energy (RICE) initiated with an Accumulate at KLR Group... SanDisk (SNDK) initiated with an Outperform at FBN Securities... Seadrill (SDRL) initiated with a Sell at Canaccord... Tesla (TSLA) initiated with an Outperform at FBN Securities... Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley... Waters (WAT) initiated with an Underweight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley.
09:43 EDTGOOGEU authorities seek more concessions from Google in ongoing probe, WSJ says
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08:18 EDTGEElectrolux sees GE Appliances transaction accretive to EPS in year one
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08:15 EDTBHIBaker Hughes reports August international rig count down 43 to 1,339
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08:08 EDTSNDKSanDisk initiated with an Outperform at FBN Securities
Target $120.
08:06 EDTUNHInsperity, UnitedHealth extend contract through 2017
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08:03 EDTGEGeneral Electric, Accenture launch Intelligent Pipeline Solution
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07:26 EDTAETMorgan Stanley to hold a conference
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07:24 EDTMS, AXPBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
06:30 EDTGOOGGoogle organizes meetings to talk about privacy rights in EU, Reuters says
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06:25 EDTGEAlstom unit accused of bribing officials EUR6M to win contracts, FT reports
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06:21 EDTGOOGSmartwatch market to reach $10B by 2018, says Citigroup
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06:07 EDTGOOGGoogle implied volatility of 16 at lower end of index mean range
06:05 EDTGOOGGoogle Glass goes on sale in U.S. Google Play store
Reference Link
05:35 EDTGOOGGoogle added to Franchise Picks List at Jefferies
Jefferies added Google to its Franchise Picks List saying the company's YouTube division looks best positioned to benefit from growth in online video advertising, which the firm estimates could be a $17B opportunity by 2017 in the U.S. alone. Jefferies has a Buy rating on Google with a $700 price target.
05:32 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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05:29 EDTGEGeneral Electric to sell appliances business to Electrolux AB for $3.3B
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September 7, 2014
20:37 EDTGOOGApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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15:52 EDTGEGE's oil and gas unit set to outpace industry growth, Reuters says
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