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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:36 EDTUTX, KO, HOG, HLF, DD, MCD, CROX, TRV, VZ, NFLX, CMGOn The Fly: Closing Wrap
Stocks on Wall Street were higher in spite of post-earnings drops from a number of Dow components and a halt of U.S. flights to Israel's capital. Stocks began the session in positive territory and remained there throughout the entire session, moving in a fairly narrow range against the backdrop of a pick-up in the number of companies reporting on their quarterly results. The market withstood the latest headlines from Israel's conflict in Gaza, which indicated that the FAA has suspended U.S. flights to Tel Aviv for 24 hours following a rocket launch that landed near the city's airport. With the Dow again near record levels, investors are preparing for tonight's earnings blast, which includes reports from both Apple (AAPL) and Microsoft (MSFT). ECONOMIC EVENTS: In the U.S., the Consumer Price Index rose 0.3% in June, matching expectations. The FHFA home price index rose 0.4% to 212.4 in May. Existing home sales rose 2.6% to a rate of 5.04M in June, beating expectations for a 2.2% monthly increase to a 5.0M rate. The Richmond Fed's manufacturing index rose 3 points to 7 in July, missing the consensus forecast by 1 point. COMPANY NEWS: Shares of Herbalife (HLF) began the day in negative territory as hedge fund manager Bill Ackman, who has repeatedly called the company a pyramid scheme, prepared to begin the presentation that he told CNBC yesterday would show why the company "is going to collapse." Among the allegations made today, Ackman estimated that Herbalife's nutrition clubs lose an average of $12K for their operators, that the clubs contribute "enormously" to Herbalife's results and that Herbalife insiders are selling while the company is repurchasing shares. After the multiple hour long presentation, Herbalife said Ackman "over-promised and under-delivered" on his $1B bet against the company. The multi-level marketing company added that Ackman’s claim about the earnings of its nutrition clubs is "completely false and fabricated" and the stock closed the day up $13.75, or 25.45%, at $67.77... Six members of the Dow Jones Industrial Average, or one fifth of the index, reported on their earnings this morning. Among them, Verizon (VZ) advanced 28c, or 0.55%, to $50.98, while Coca-Cola (KO) slid 2.85%, McDonald’s (MCD) fell 1.31%, DuPont (DD) dropped 0.9%, United Technologies (UTX) dropped 1.88% and Travelers (TRV) declined 3.81%. MAJOR MOVERS: Among the notable gainers was Chipotle Mexican Grill (CMG), which rallied $69.84, or 11.84%, to $659.77 after the restaurant operator's second quarter results handily beat analysts' consensus estimates and it raised its fiscal 2014 comparable restaurant sales outlook. Also higher was Crocs (CROX) which rose $1.84, or 12.4%, to $16.68 after the footwear maker reported second quarter earnings per share and revenue that exceeded analysts' consensus and detailed its plans for cost-saving measures and store closures. Among the noteworthy losers was Harley Davidson (HOG), which fell $3.62, or 5.4%, to $63.46 after its second quarter earnings beat expectations but the company lowered its forecast for its fiscal year motorcycle shipments. Also lower were shares of Netflix (NFLX), which fell $20.86, or 4.62%, to $431.09 after several research firms reiterated their negative outlook on the stock following the company's second quarter results. INDEXES: The Dow was up 61.81, or 0.36%, to 17,113.54, the Nasdaq was up 31.31, or 0.71%, to 4,456.02, and the S&P 500 was up 9.90, or 0.50%, to 1,983.53.
News For HLF;CMG;CROX;HOG;NFLX;MCD;KO;VZ;DD;UTX;TRV From The Last 14 Days
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March 18, 2015
09:23 EDTHLFOn The Fly: Pre-market Movers
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09:23 EDTVZVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
08:05 EDTNFLXNetflix weakness creates buying opportunity, says Oppenheimer
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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06:01 EDTNFLXStocks with implied volatility above IV index mean; BBRY NFLX
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March 17, 2015
19:42 EDTHLFOn The Fly: After Hours Movers
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18:27 EDTHLFHerbalife up over 5% following favorable court ruling in 'pyramid scheme' suit
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18:07 EDTHLFHerbalife wins dismissal of 'pyramid scheme' lawsuit, Bloomberg says
16:00 EDTNFLX, KOOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
13:39 EDTDDDuPont breaks below its 50-day moving average, levels to watch
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13:06 EDTNFLXBattleground: Analysts take opposite sides on Netflix
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11:23 EDTNFLXApple willing to share TV data to attract programming partners, NY Post reports
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10:26 EDTHLF, NFLXOptions with increasing implied volatility
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09:34 EDTNFLXActive equity options trading on open
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07:12 EDTNFLXConcerns over Netflix competition overblown, says Stifel
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06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:10 EDTVZSpherix announces Markman hearing held as scheduled in Verizon case
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link
05:50 EDTNFLX, DDStocks with implied volatility movement; DD NFLX
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