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Stock Market & Financial Investment News

News Breaks
January 10, 2013
16:30 EDTHLF, F, SVU, NOK, ZLC, MCP, BV, ELLIOn The Fly: Closing Wrap
Stocks on Wall Street finished higher after U.S. weekly jobless claims came in slightly worse than expected, while export data from China beat expectations. In spite of the data, released last night and this morning, the markets drifted near the flat-line for much of the session before running higher into the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Herbalife (HLF) made a lengthy presentation to defend itself following Bill Ackman's own lengthy presentation in which he laid out his short thesis and called the company a pyramid scheme. Herbalife shares briefly traded higher as the investor event was ongoing, but finished the day down 71c, or 1.78%, at $39.24... Ford (F) shares rose 36c, or 2.67%, to $13.83 after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) gained $43c, or 14.14%, to $3.47 after the company agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B. The company also reported a quarterly profit on sales that were roughly in-line with expectations... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), up 70c, or 18.67%, to $4.45 after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher was Zale (ZLC), up 49c, or 11.69%, to $4.68 after reporting holiday period SSS up 2.3% and saying that it expects positive net income for FY13. Among the noteworthy losers was Molycorp (MCP), down $2.45, or 22.71%, to $8.34 after forecasting lower than expected 2013 revenue and cash flow, and Bazaarvoice (BV), which fell sharply and settled down $1.41, or 15.84%, to $7.49 after the Department of Justice said it was filing an antitrust lawsuit against the company related to its June acquisition of PowerReviews. Also lower were shares of Ellie Mae (ELLI), down $2.26, or 8.21%, to $25.26 after the Consumer Finance Protection Agency said it would introduce new eligibility requirements for mortgages... INDICES: The Dow was up 80.71, or 0.60%, to 13,471.22; the Nasdaq was up 15.95, or 0.51%, to 3,121.76; and the S&P 500 was up 11.10, or 0.76%, to 1,472.12.
News For HLF;F;SVU;NOK;ZLC;MCP;BV;ELLI From The Last 14 Days
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July 22, 2014
05:53 EDTHLFStocks with implied volatility movement; HLF MSFT
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July 21, 2014
15:26 EDTHLFAckman says Herbalife presentation will probe nutrition clubs
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14:45 EDTHLFHerbalife releases new video highlighting 'positive impact' of nutrition clubs
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14:02 EDTHLFHerbalife falls after Ackman teases presentation on coming 'collapse'
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13:55 EDTHLFIcahn has not sold 'single share' of Herbalife, Gasparino says
"Sources tell @FoxBusiness uncle @Carl_C_Icahn has not sold a single $hlf share," Fox Business' Charles Gasparino stated on Twitter. Reference Link
13:45 EDTHLFHerbalife puts active ahead of Bill Ackman presentation
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13:04 EDTHLFHerbalife spikes lower on Ackman comments, levels to watch
Shares are down over 6.3% to $56.92 at time of writing after Bill Ackman stated that he was going to expose an "incredible fraud" tomorrow at 10am ET, detailing why he believes the company will collapse. At current price next support is at $56.18, the low of the day. Resistance is at $57.91.
12:51 EDTHLFHerbalife sinks 6% after Ackman says presentation will detail collapse
12:49 EDTHLFAckman says going to expose 'incredible fraud' tomorrow
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12:48 EDTHLFAckman says Herbalife presentation tomorrow most important of career
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12:46 EDTHLFAckman says Herbalife presentation will show why company will collapse
Bill Ackman of Pershing Square is speaking on CNBC.
05:54 EDTMCPStocks with implied volatility movement; MPEL MCP
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July 18, 2014
09:01 EDTHLFHerbalife says independent members 'demand opponents stop lies and smears'
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July 17, 2014
13:47 EDTHLFHerbalife says 'confident' will overcome Pershing's 'campaign of misinformation'
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13:47 EDTHLFHerbalife says Pershing Square's campaign 'based on propaganda'
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13:46 EDTHLFHerbalife says 'stands behind quality' of products
Herbalife issued the following statement regarding the strength and integrity of its business: "Herbalife has the utmost trust in the integrity of our business model and that we are in compliance with all applicable laws and regulations. We are cooperating fully with the FTC and welcome the opportunity to clear up misinformation in the marketplace. Herbalife stands behind the quality of our products and our commitment to member satisfaction and consumer protection. Herbalife continues to face an unprecedented and unrelenting attack from Pershing Square to support its $1B bet to manipulate and drive Herbalife's stock price to zero to the detriment of our investors, members, customers and employees. Herbalife is confident that the facts are on its side and that it will overcome Pershing Square's campaign of misinformation about the Company as the truth about Pershing Square's increasingly desperate accusations is revealed. Attacks on Herbalife have been clearly orchestrated by Pershing Square and its agents. Pershing Square's attack on the Company lacks any impartiality or accountability. Pershing Square has no duty to any member of the public and is unhindered by the disclosure obligations imposed upon publicly traded corporations. With Pershing Square's limited accountability, in light of the historical regulatory scrutiny placed on Herbalife, it has made the astonishing claim that it is a "provable certainty" Herbalife is a massive, sprawling fraud that had gone undetected for more than 30 years. Pershing Square is claiming that decades of Herbalife management, and a material number of members had all kept this secret.Pershing Square has admittedly spent more than $20B and 18 months trying to find former Herbalife members from as far back as 2008 that will complain about their experience with the Company. In fact, Pershing Square has even been willing to pay multi-million dollar bounties to anyone willing to generate negative publicity against Herbalife and support Pershing Square's agenda. The reason why Pershing Square has so few relative voices is because, as demonstrated through third party studies, the overwhelming majority of our members have been very satisfied, and we are proud of that track record. In fact, Pershing Square's own well-financed campaign to find dissatisfied customers has actually largely validated our consumer reputation. Ultimately, Pershing Square's campaign is based on propaganda."
11:56 EDTHLFPershing Square to reveal investigation into Herbalife Nutrition Clubs
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05:59 EDTMCPMolycorp implied volatility of 115 at upper end of index mean range
05:53 EDTHLFStocks with implied volatility movement; HLF ABBV
Stocks with implied volatility movement; Herbalife (HLF) 52, AbbVie (ABBV) 30 according to iVolatility.
05:17 EDTFFord launches product acceleration in Middle East, Africa
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