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Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:22 EDTHCLP, MSFT, WFT, DKS, HD, BHI, GBXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as the averages struggle to regain some portion of their losses from last week. The market opened moderately lower on the heels of the futures, which ended the premarket session below fair value. The major equity indices have traded in a narrow range again today, though they all stand near session highs at the lunch hour, with the Dow the biggest winner and the Nasdaq fighting to get back into positive territory... ECONOMIC EVENTS: In the U.S., the October federal budget is scheduled to be reported at 2:00 pm ET and is seen widening to $113B from $98.5B a month ago. In Europe, euro-zone leaders failed to agree on the release of the latest round of aid for Greece, though the nation was granted a two-year extension by the EU to repay its current bailout loans. Also, a measure of German economic sentiment unexpectedly fell more than was forecast and U.K. inflation rose faster than expected... COMPANY NEWS: Home Depot (HD) leads all members of the Dow Jones Industrial Average, up 3.7% after its earnings and revenue beat expectations and the company raised its full year guidance. Microsoft (MSFT) is the Dow's laggard, down 2.7% after the head of its Windows unit resigned, though Stifel Nicolaus suggested that the departure could help the company over the long term... MAJOR MOVERS: Among the notable gainers was Greenbrier (GBX), up 17% after investor Carl Icahn reported a 9.99% stake in the company and called its shares undervalued. Also higher were shares of Dick's Sporting Goods (DKS), up nearly 5% following its better than expected quarterly report and increased full year outlook. Among the noteworthy losers was Hi-Crush Partners (HCLP), down 21% after its quarterly results missed consensus and it announced the termination of a supply agreement with Baker Hughes (BHI). Also lower were shares of Weatherford (WFT), down almost 14% after the company reported a disappointing preliminary revenue estimate and said it sees material weakness in its internal controls, prompting it to restate some prior financial statements... INDICES: Near noon, the Dow was up 47.73, or 0.37%, to 12,862.81; the Nasdaq was down 0.68, or 0.02%, to 2,903.58; and the S&P 500 was up 5.64, or 0.41%, to 1,385.67.
News For HD;MSFT;GBX;DKS;HCLP;BHI;WFT From The Last 14 Days
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April 8, 2015
10:01 EDTWFTOn The Fly: Analyst Initiation Summary
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08:12 EDTWFTWeatherford initiated with an Equal Weight at Stephens
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08:12 EDTBHIBaker Hughes initiated with an Overweight at Stephens
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06:03 EDTBHIBaker Hughes reports March international rig count down 24 to 1,252
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06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
16:19 EDTBHIHalliburton to separately market certain businesses for sale
Halliburton (HAL) announced it will separately market for sale the companyís Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling, or LWD,/Measurement-While-Drilling, or MWD, businesses. The final sale of these businesses will not be completed until the company has reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburtonís board and final approvals of the Baker Hughes (BHI) acquisition by competition authorities. Halliburton will operate as one company, including the businesses held for sale, until the sale of the identified businesses is complete. Halliburton expects to complete the sale of the businesses in the same timeframe as the closing of the pending Baker Hughes acquisition late in the second half of 2015.
15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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13:08 EDTGBXNTSB: Oil train cars should be replaced more quickly, Washington Post says
The National Transportation Safety Board, or NTSB, yesterday said that oil train cars should be replaced more quickly than the current planned timetable of ten years, according to The Washington Post. "We canít wait a decade for safer rail cars,Ē the newspaper quoted the agency's chairman as saying in a statement. Publicly traded railroad operators include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Publicly traded railroad car makers include Greenbrier (GBX), FreightCar America (RAIL), and American Railcar Industries (ARII). Reference Link
09:23 EDTGBXOn The Fly: Pre-market Movers
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07:52 EDTMSFTHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
06:25 EDTMSFTMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:07 EDTGBXGreenbrier sees FY15 EPS $5.56-$5.95, consensus $5.43
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06:05 EDTGBXGreenbrier reports Q2 EPS $1.57, consensus $1.20
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April 6, 2015
15:16 EDTGBXNotable companies reporting before tomorrow's open
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10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
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