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Stock Market & Financial Investment News

News Breaks
January 8, 2013
18:50 EDTS, STX, APOL, DISH, WDFC, REGI, CLWR, GPNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Global Payments (GPN), up 4.1%... WD-40 (WDFC), up 4.6%... Seagate(STX), up 2.7% after reporting preliminary revenue above Street estimates... ALSO HIGHER: Clearwire (CLWR), up 7.8% after DISH Networks (DISH) made an unsolicited offer for the company of $3.30 per share. Shares of DISH were flat in after hours trading, while Sprint (S) saw shares trade down 3%... Renewable Energy Group (REGI), up 4.4% after reporting it would receive a tax credit estimated at one-third of gallons sold in 2012... DOWN AFTER EARNINGS: Apollo Group (APOL), down 5.5% after earnings beat Street estimates but the company reported University of Phoenix degreed student enrollment fell 14.3%.
News For GPN;WDFC;STX;CLWR;DISH;S;REGI;APOL From The Last 14 Days
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January 26, 2016
07:40 EDTSSprint sees FY16 Adjusted EBITDA rising to $9.5B-$10B
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07:39 EDTSSprint raises FY15 adjusted EBITDA view to $7.7B--$8B from $6.8B-$7.1B
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07:33 EDTSSprint reports Q3 adjusted EBITDA of $1.9B
Sprint reported net operating revenue of $8.1B, operating loss of $197M, and Adjusted EBITDA of $1.9B.
07:32 EDTSSprint reports Q3 EPS (21c), consensus (25c)
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06:55 EDTAPOLApollo could be worth $17/share if taken private, says Piper Jaffray
Piper Jaffray analyst Peter Appert says Apollo Education Group could be worth $13-$17 per share in a go-private transaction. The stock has "meaningful" upside potential if the company can overcome the legal, regulatory and financial hurdles to complete a sale transaction, Appert tells investors in a research note. He says there is "considerable uncertainty" as to whether Apollo can overcome such challenges. The analyst keeps a Neutral rating on the stock with a $9 price target.
06:37 EDTSCertain Sprint users get $5 discount for watching mobile ads, WSJ says
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January 25, 2016
14:29 EDTSNotable companies reporting before tomorrow's open
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14:21 EDTSSprint confirms over 2,500 jobs eliminated in latest cuts, KC Star reports
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09:04 EDTSSprint doubles number of LTE Plus markets
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07:32 EDTSTMC to hold a conference
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07:10 EDTSTXWestern Digital pricing in 'extreme bear case,' says Jefferies
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05:21 EDTSTXStocks with implied volatility movement; STX SDRL
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05:19 EDTSStocks with implied volatility movement; SWN SCTY
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January 22, 2016
12:32 EDTSOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday as they bid for their first two-day winning streak in what feels like a very long time amid a very tough start to 2016. The morning's strength was attributed to a continued rebound in oil prices and the prospects for economic stimulus in Japan, China and Europe. Oil prices remain higher by roughly 7% near noon and are holding solidly above $31 per barrel. As the first major winter storm bears down on the East coast, investor participation may slow down during the afternoon hours. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast. In Europe, Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. In Asia, Japan's Nikkei average rallied nearly 6%, with part of the strength attributed to a Nikkei Asian Review stating that the Bank of Japan is taking a "serious look" at additional easing. COMPANY NEWS: Shares of American Express (AXP) sunk 12% after the company reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors, evidenced by Keefe Bruyette's downgrade of the stock as well as CNBC's David Faber reporting that ValueAct is no longer an American Express shareholder... Fellow Dow member GE (GE) slid 2% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) gained nearly 5% after reporting earnings that topped expectations, approving a quarterly dividend of 50c per share and a new share repurchase program of $10B and saying it plans to cut 10,000 more jobs. MAJOR MOVERS: Among the notable gainers was Golar LNG (GLNG), which rallied 41% after it signed a memorandum of understanding with Schlumberger to jointly market gas monetization solutions. Also higher was Canadian Pacific (CP), which gained 12% and was upgraded to Outperform from Sector Perform at RBC Capital following its quarterly results. In addition, Sprint (S) was 13% higher after saying it will release earnings on January 26, which was earlier than expected, and also after JPMorgan said that the company's 2016 cash burn fears are overdone. Among the noteworthy losers was Rockwell Collins (COL), which fell 3.5% after it reported quarterly earnings and issued fiscal 2016 EPS guidance. Also lower was Cardiovascular Systems (CSII), which dropped 33% and was downgraded to Underperform from Buy at Needham following its quarterly earnings report. INDEXES: Near midday, the Dow was up 131.77, or 0.83%, to 16,014.45, the Nasdaq was up 90.73, or 2.03%, to 4,562.79, and the S&P 500 was up 27.79, or 1.49%, to 1,896.78.
11:55 EDTSSprint volatility elevated into Q3 and outlook
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11:49 EDTSTXOptions with increasing put volume
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11:33 EDTSOptions with increasing call volume
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10:30 EDTAPOLOptions with increasing implied volatility: GLNG APOL RAX SNDK TUR DXJ RAD
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08:06 EDTSSprint 2016 cash burn fears overdone, says JPMorgan
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05:16 EDTDISHStocks with implied volatility above IV index mean; DISH LNKD
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