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Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:22 EDTWFT, DKS, HD, BHI, GBX, HCLP, MSFTOn 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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May 24, 2013
14:07 EDTMSFTMarket poised to end week lower following Fed, China data
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13:02 EDTBHIBaker Hughes U.S. right count down 7 to 1,762
U.S. Rig Count is down 7 from last week at 1,762, with oil rigs down 6 at 1,402, gas rigs unchanged at 354, and miscellaneous rigs down 1 at 6. U.S. Rig Count is down 221 rigs from last year at 1,983, with oil rigs up 19, gas rigs down 240, and miscellaneous rigs unchanged. The U.S. Offshore rig count is 51, down 1 from last week, and up 3 year over year.
12:27 EDTMSFTMicrosoft to look to sell 25M additional Xbox 360s, The Verge reports
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09:26 EDTDKSDick's Sporting price target raised to $60 from $55 at Imperial Capital
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08:56 EDTMSFTMicrosoft to receive percentage cut of Xbox One pre-owned sales, MCV says
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May 23, 2013
17:54 EDTMSFTGoogle loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link
17:11 EDTMSFTGoogle loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
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14:46 EDTMSFTGameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
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11:51 EDTMSFTGameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One.
11:38 EDTMSFTGameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One.
11:22 EDTMSFTGameStop believes next-gen consoles will have lower price points than last cycle
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11:09 EDTMSFTGameStop says 'right in the middle' of opportunity presented by new consoles
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08:31 EDTMSFTMicrosoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link
07:41 EDTMSFTLenovo warns of tough first half but sees late year boosted by Win8, FT says
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07:31 EDTBHISenate Energy & Natural Resources Committee to hold a forum
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06:30 EDTMSFTMicrosoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
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05:45 EDTMSFTBig companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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May 22, 2013
11:52 EDTMSFTUncertainty surrounds GameStop after new Xbox revealed
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10:00 EDTDKSOn The Fly: Analyst Downgrade Summary
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09:24 EDTMSFTMicrosoft CEO says to hire 'several thousand' in China, Bloomberg reports
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