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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:36 EDTHLF, UTX, DD, VZ, KO, MCD, NFLX, HOG, CROX, CMG, TRVOn 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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September 10, 2014
07:31 EDTVZGoldman to hold a conference
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06:26 EDTNFLXNetflix initiated with a Neutral at SunTrust
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06:04 EDTNFLXNetflix initiated with a Buy at Canaccord
Target $550.
September 9, 2014
16:23 EDTMCDOn The Fly: Closing Wrap
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15:46 EDTVZVerizon offering free 16GB iPhone 6 with trade-in of old iPhone
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14:54 EDTMCDApple announces Apple Pay
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14:51 EDTVZApple announces iPhone 6, 6 Plus with Retina HD, Apple Pay
Apple announced iPhone 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays. The new iPhones feature a unibody enclosure of anodized aluminum that conforms with the shaped glass of the display. iPhone 6 and iPhone 6 Plus include the Apple-designed A8 chip with second generation 64-bit desktop-class architecture for fast performance and power efficiency. Both models include the M8 motion coprocessor that gathers motion data from the accelerometer, gyroscope, compass and the new barometer. iPhone 6 and iPhone 6 Plus introduce Apple Pay, a new way to securely pay for physical goods and services in stores or apps. Users can pay securely in stores by holding the phone near the contactless reader while keeping a finger on Touch ID. The iSight camera gets better with a new sensor featuring Focus Pixels for faster autofocus and iPhone 6 Plus users will also benefit from optical image stabilization technology that compensates for hand shake in low light and works with iOS 8 to reduce subject motion. With faster LTE download speeds of up to 150 Mbps, iPhone 6 and iPhone 6 Plus users can browse, download and stream content faster. The new iPhones also support voice calls over LTE, or VoLTE, as well as Wi-Fi calling. iPhone 6 comes in gold, silver or space gray, and will be available in the U.S. for a suggested retail price of $199 for the 16GB model, $299 for the 64GB model and 128GB model for $399 with a two-year contract. iPhone 6 Plus comes in gold, silver or space gray, and will be available in the US for a suggested retail price of $299 for the 16GB model, $399 for the 64GB model and $499 for the new 128GB model with a two-year contract. Both models will be available from the Apple Online Store, Apple’s retail stores, and through AT&T (T), Sprint (S), T-Mobile (TMUS), Verizon Wireless (VZ), additional carriers and select Apple Authorized Resellers. iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning on Friday, September 19, and customers can pre-order both models beginning on Friday, September 12.
12:55 EDTNFLXNetflix advances after analyst ups target to $600
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12:10 EDTMCDOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after opening in the red and trading in a narrow range throughout the morning. The domestic economic calendar only had two reports of consequence, and neither was particularly market moving. All eyes are on Cupertino, California, where Apple (AAPL) will shortly begin its much-anticipated product launch event. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism survey for August came in at 96.1, which was above the expected 96.0 reading. The Job Openings and Labor Turnover Survey, or JOLTS report, showed job openings slipped 2K to about 4.67M in July. COMPANY NEWS: Shares of Apple were up 1% near noon ahead of the tech giant's latest product launch event, which is scheduled to begin at 1 pm ET. Expectations are for the company to introduce the iPhone 6, which has widely been speculated to be bigger than past members of the line-up and may come in 4.7 inch and 5.5 inch sizes. The company is also expected to unveil a wearable device, likely a smartwatch, and a mobile payment system integrated with both... Shares of fast food giant McDonald’s (MCD) slid 1% after reporting its comparable sales were down 3.7% worldwide in August and that its China supplier issue will negatively impact its Q3 EPS by 15c-20c. MAJOR MOVERS: Among the notable gainers was Annies (BNNY), which surged 38% after prepared foods giant General Mills (GIS) last night said that it had agreed to buy the mac and cheese maker for $820M, or $46 per share in cash. Shares of a number of other natural food makers climbed after the deal, as WhiteWave (WWAV) rose nearly 3% and Boulder Brands (BDBD) jumped over 8%. Following the deal announcement, shares of General Mills slipped about 0.5%. Among the noteworthy losers was Leidos (LDOS), which dropped 15% after the company reported lower than expected second quarter earnings and cuts its EPS view for the fiscal year. Also lower was MaxLinear (MXL), which fell 15% after the company said several of its cable and satellite customers have requested push-outs of shipments, resulting in the company lowering its Q3 revenue outlook and Needham downgrading the stock to Buy from Strong Buy. INDEXES: Near midday, the Dow was down 69.02, or 0.4%, to 17,042.40, the Nasdaq was down 14.93, or 0.33%, to 4,577.35, and the S&P 500 was down 6.74, or 0.34%, to 1,994.80.
10:45 EDTMCDMcDonald's hits fresh 52-week low, levels to watch
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10:35 EDTCMGGundlach says Chipotle shares 'horribly' overvalued
DoubleLine Capital's Jeff Gundlach is speaking on CNBC.
09:36 EDTNFLX, MCDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
09:12 EDTMCDOn The Fly: Pre-market Movers
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08:22 EDTNFLXNetflix price target raised to $600 from $530 at RBC Capital
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08:00 EDTMCDMcDonald's: China supplier issue to negatively impact Q3 by 15c-20c
This is largely due to a combination of lost sales, expenses associated with our recovery efforts and the impact of these items on the third quarter tax rate, which is expected to be above the company's outlook for the full-year tax rate of 31-33%.
07:59 EDTMCDMcDonald's CEO: McDonald's global business faced several headwinds
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07:58 EDTMCDMcDonald's reports August global comparable sales down 3.7%
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07:31 EDTNFLXNetflix enters online U.S. net neutrality strike, Reuters says
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06:09 EDTVZVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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05:16 EDTVZSprint announces improved phone-trade in program, price match guarantee
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