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Stock Market & Financial Investment News

News Breaks
January 18, 2013
14:14 EDTBA, MS, FB, JPM, GS, DELL, BACStocks poised to finish week higher after banks report earnings
The market is set to finish the week slightly higher after several financial institutions reported stronger than expected results and Chinese economic data beat expectations... MACRO NEWS: China's fourth quarter GDP growth and its retail sales and industrial output for December all slightly exceeded analysts' expectations... U.S. economic data was mostly positive, with housing starts and industrial production for December beating expectations, and jobless claims for last week coming in lower than expected. On the other hand, an index of consumer sentiment was significantly below expectations... House Republicans plan to vote on a bill next week that would raise the debt limit and enable the U.S. to avoid default for three months, Bloomberg reported today. However, the bill could include certain conditions that Democrats are likely to reject, CNBC added... MARKET NEWS: Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC) and JPMorgan (JPM) all reported higher than expected fourth quarter earnings per share... Dell's (DELL) stock jumped this week after Bloomberg reported that the computer maker is in talks with private equity firms about going private... Boeing's (BA) 787 Dreamliner experienced a series of issues, culminating in the FAA grounding the airplane model while it conducts its investigations... Facebook (FB) announced that it would launch Graph Search, a new product designed to facilitate searches for people, photos, places and interests.
News For GS;MS;BAC;JPM;BA;DELL;FB From The Last 14 Days
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September 23, 2015
07:47 EDTBABoeing to sell 300 planes to Chinese companies, Reuters reports
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06:36 EDTFBFacebook unveils new 'Click to message' ad-type, Business Insider reports
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06:24 EDTBANew Boeing tanker to make first flight Friday, WSJ reports
Boeing's new refueling tanker is scheduled to make its first flight as soon as Friday, the Wall Street Journal reports, citing the Pentagon. The flight will initiate a series of tests on one plane over a four-month period, the report says. Reference Link
September 22, 2015
17:15 EDTBABoeing in strategic partnership talks with China, WSJ says
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17:13 EDTFBFacebook's Instagram surpasses 400M users
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16:36 EDTBAC, GSOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street began the session sharply lower and remained that way throughout the session. There was little in the way of buying as each of the major equity indexes slid over 1% and the market internals were decidedly negative. The auto industry and biotech sector were both notably weak, after the French government called for an investigation into the entire auto industry in the wake of the Volkswagen (VLKAY) emissions scandal and Democratic Presidential hopeful Hillary Clinton presented a plan to limit the cost of drugs for consumers. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.6% to 224.5 in July, which was better than the 0.4% rise that was expected. The Richmond Fed factory index fell to -5 in September, versus the reading of 2 that was expected. In Asia, the Asian Development Bank cut its growth forecast for the region, citing a weaker outlook for China and India and a delayed recovery in the world's advanced economies. The bank now sees the Chinese economy growing 6.8% this year and 6.7% next year, down from its previous forecasts of 7.2% and 7%, respectively. COMPANY NEWS: Lloyd Blankfein, Goldman Sachs (GS) Chairman and CEO, disclosed that he was diagnosed with lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank... Bank of America (BAC) shareholders approved a proposal to ratify the 2014 amendments to the company's bylaws that permitted the board of directors to determine its leadership structure, meaning Brian Moynihan can retain his dual role as both Chairman and CEO... Shares of several fertilizer companies slid after Mosaic (MOS) announced it will reduce its potash production in response to current crop nutrient market conditions, primarily related to delayed fertilizer purchases in Brazil and North America. Shares of Mosaic finished the day down 7% at $33.87 following last night's announcement, while Potash (POT) fell 6.5% and Agrium (AGU) dropped 3.5%. MAJOR MOVERS: Among the notable gainers was Ashland (ASH), which advanced $2.78, or 2.6%, to $108.50 after announcing it will proceed with a plan to separate into two independent, publicly traded companies. Also higher was Weatherford (WFT), which gained 90c, or 10.7%, to $9.31 after cancelling plans for a public share offering, after which research firms Jefferies and Iberia both reiterated Buy-equivalent ratings on the stock. Among the noteworthy losers were Office Depot (ODP) and Staples (SPLS), which declined a respective 4% and 5.8% after the New York Post quoted a source as saying the FTC may move to block their merger plan. Also lower was Groupon (GRPN), which slipped 2.2% to $4.08 after announcing plans to cut 1,100 jobs related primarily to its international operations. ConAgra (CAG), Carnival (CCL), and CarMax (KMX) fell 7%, 5.5%, and 4.65%, respectively, following their quarterly earnings reports. INDEXES: The Dow fell 179.72, or 1.09%, to 16,330.47, the Nasdaq lost 72.23, or 1.5%, to 4,756.72, and the S&P 500 dropped 24.23, or 1.23%, to 1,942.74.
16:00 EDTBAC, FB, JPMOptions Update; September 22, 2015
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15:52 EDTFBThe Washington Post to send 100% of stories to Facebook Instant Articles
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13:59 EDTBABoeing CEO expects more 737-related work in China, Reuters says
As Boeing continues to increase production rates for the 737, CEO Dennis Muilenburg expects additional work for the plane going to China, Reuters reports. Reference Link
12:14 EDTGSOn The Fly: Top stock stories at midday
Stocks began the session deep in negative territory and have remained there throughout the morning. There has been little in the way of buying as the downward pressure in the market has not shown any sign of letting up. There is also little in the way of explanation as to why the market is so weak other than continued disappointment in the Fed's interest rate decision and the ongoing concern over China's economic growth. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.6% to 224.5 in July, which was better than the 0.4% rise that was expected. The Richmond Fed factory index fell to -5 in September, versus the reading of 2 that was expected. COMPANY NEWS: Shares of Groupon (GRPN) slumped 2.5% after the online and mobile deal provider said it plans to cut more than 1,000 jobs relating primarily to the company's international operations. The news is the latest in a recent run of job cut announcements, after HP Enterprise said last week that it expects 25,000-30,000 people to leave the company and Johnson Controls (JCI) recently announced plans to reduce its global salaried workforce by as many as 3,000 people... Lloyd Blankfein, Goldman Sachs (GS) chairman and CEO, disclosed that he was told by doctors that he has lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank. MAJOR MOVERS: Among the notable gainers was Weatherford (WFT), which rose 9.6% after stating that it has decided not to pursue its previously announced concurrent public offerings of ordinary shares of the company and mandatorily exchangeable subordinated notes. Also higher was Vascular Biogenics (VBLT), which gained 15% to around $9.30 per share after the stock was initiated with a Buy rating and $25 price target at Chardan. Among the noteworthy losers following their earnings reports were ConAgra (CAG) and Carnival (CCL), which each fell more than 5%, and Red Hat (RHT), which slid 2%. Also lower were shares of Staples (SPLS) and Office Depot (ODP), which fell 7% and 8%, respectively, after the New York Post said a top FTC regulator may be leaning toward recommending against approving their merger agreement. INDEXES: Near midday, the Dow was down 263.77, or 1.6%, to 16,246.42, the Nasdaq was down 99.52, or 2.06%, to 4,729.44, and the S&P 500 was down 32.51, or 1.65%, to 1,934.46.
10:36 EDTBACBank of America shareholders approve resolution on board leadership structure
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10:15 EDTBACBank of America shareholders vote to retain Brian Moynihan as both Chairman, CEO
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10:08 EDTGSGoldman Sachs trades down, levels to watch
Shares were last off over 1.8% to $179.98. At that price next support is at $179.13. Resistance is at $180.55.
08:47 EDTGSGoldman Sachs' empy sixth floor illustrates lower expectations, NYT says
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08:15 EDTGSGoldman Sachs volatility flat, CEO Lloyd Blankfein says he has lymphoma
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08:11 EDTGSGoldman Sachs CEO says he has 'highly curable' lymphoma
In a message from Lloyd Blankfein publicly shared by Goldman Sachs, the executive stated: "Late this summer after several weeks of not feeling well, I underwent a series of tests, which culminated in a biopsy last week. After the biopsy, I was told by my doctors that I have lymphoma. Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured. My treatment plan will include chemotherapy over the next several months in New York. My doctors have advised me that during the treatment, I will be able to work substantially as normal, leading the firm. I will, however, reduce some of my previously planned travel during the treatment period. I have discussed this approach with our Board of Directors and they are supportive. There are many people who are dealing with cancer every day. I draw on their experiences as I begin my own. I have a lot of energy and I'm anxious to begin the treatment. I appreciate your support and good wishes."
07:34 EDTBACDenver Gold Group to hold a forum
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07:20 EDTBABoeing, Airbus set for China orders but don't know when, Bloomberg says
Boeing (BA) and Airbus (EADSY) are set to bring in a haul of aircraft orders from China's airlines as planners plot growth through 2020, though there is a question as to when such moves will happen, Bloomberg reports. For Boeing, the first deals could be announced as early as this week when China president Xi Jinping tours the company's factory in Seattle, the report says. China's government signs off on all aircraft purchases and often waits for U.S. state visits before making such disclosures, the report says. Reference Link
06:51 EDTGSGoldman to likely keep DONG stake after listing, Reuters says
Goldman Sachs will likely maintain a stake in DONG Energy after the company's shares are listed in the next year and a half, Reuters reports, citing a quote from a company investment banker in Borsen. The Danish government sold 18% to DONG to a consortium of investors led by Goldman in January last year, the report says. Reference Link
06:33 EDTFBFacebook user data rules have ripple effects, WSJ reports
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