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Stock Market & Financial Investment News

News Breaks
February 14, 2013
12:25 EDTCSCO, AAMRQ, STZ, ULTA, VCLK, PEP, LCC, BRK.A, WTW, ANGI, GM, BUD, HNZ, WFM, ZOn The Fly: Midday Wrap
Stocks on Wall Street were little changed at midday in spite of fewer than expected weekly jobless claims and a flurry of mergers and acquisitions announcements. The domestic news was offset by worse than expected economic growth data from Europe and Japan, leaving the major averages mixed near noon... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 27K from the prior week to 341K, versus expectations for 360K claims. In Europe, the euro zone's 0.6% contraction in gross domestic product in the fourth quarter was the steepest for the bloc since early 2009. The zone's two biggest economies shrank more than expected, as Germany's economy contracted 0.6% and France's shrunk 0.3%. In Asia, Japanís real gross domestic product contracted for the third straight quarter, shrinking 0.1% in the final three months of last year... COMPANY NEWS: M&A news stole the headlines, as household names Heinz (HNZ), US Airways (LCC), American Airlines (AAMRQ) and Anheuser-Busch (BUD) were all involved in high-profile deals. Warren Buffet's Berkshire Hathaway (BRK.A), along with partner 3G Capital, agreed to buy H.J. Heinz for $72.50 in cash per share, sending the stock of the ketchup maker up 20%. Constellation Brands (STZ) soared more than 35% after the terms of its deal with AB InBev were revised, granting Constellation perpetual rights to distribute Corona and other Modelo brands in the U.S. AB InBev shares also gained over 4% following the modification, which the company hopes will end its fight with the DOJ over its intention to acquire Grupo Modelo. US Airways shares fell 7% after it agreed to merge with bankrupt AMR Corp, the parent of American Airlines, in a deal that will create the world's biggest air carrier... Almost overshadowed among the M&A news were earnings reports from giants General Motors (GM), PepsiCo (PEP) and Dow component Cisco (CSCO). Of the three, only Pepsi traded higher following its results and outlook... MAJOR MOVERS: Among the notable gainers following their earnings reports were Angie's List (ANGI), up 24%, ValueClick (VCLK), up 16%, and Zillow (Z), up 12%. Among the noteworthy losers after their quarterly reports were Weight Watchers (WTW), down 16%, Ulta Salon (ULTA), down 12%, and Whole Foods Market (WFM), down over 9%... INDICES: Near noon, the Dow was down 9.40, or 0.07%, to 13,973.51; the Nasdaq was up 0.31, or 0.01%, to 3,197.19; and the S&P 500 was up 0.14, or 0.01%, to 1,520.47.
News For A;STZ;BUD;LCC;AAMRQ;GM;PEP;CSCO;ANGI;VCLK;Z;WTW;ULTA;WFM From The Last 14 Days
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August 26, 2015
10:00 EDTBUDOn The Fly: Analyst Upgrade Summary
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08:07 EDTULTAULTA Beauty should report solid Q2 results, says Baird
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07:45 EDTBUDAB InBev upgraded to Buy from Hold at ING Group
August 25, 2015
11:22 EDTULTAULTA Beauty volatility elevated into Q2 and outlook
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09:35 EDTCSCOActive equity options trading on open
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08:41 EDTULTAULTA Beauty to report above consensus Q2 results, says William Blair
William Blair analyst Daniel Hofkin predicts that ULTA Beauty will report Q2 earnings and comp-store sales above consensus estimates and said he views the current consensus forecast for Q3 comp sales and EPS as "reasonable." Hofkin maintains an Outperform rating on ULTA shares, stating that he views its valuation as defensible and he sees opportunities for the company to continue to gain "considerable" market share and exceed margin expectations.
August 24, 2015
19:36 EDTGMGeneral Motors ends two-week strike in Brazil, Reuters says
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18:02 EDTWFMS&P 500 enters correction territory amid global growth concerns
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17:50 EDTGMGeneral Motors denies 3944 of 4343 ignition switch claims
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17:10 EDTANGITCS Capital Management raises stake in Angie's List to 9.0% from 6.5%
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09:45 EDTGMOn The Fly: Analyst Initiation Summary
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09:18 EDTGMOn The Fly: Pre-market Movers
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08:04 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
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06:14 EDTGMGM recalling 59,474 2010 Chevrolet Cobalt vehicles
GM is recalling 59,474 2010 Chevrolet Cobalt vehicles manufactured January 4, 2010, to June 23, 2010. The affected vehicles may be equipped with an improperly routed Side-Impact Sensor wiring harness in the driver side front door. The misrouted wiring harness could cause an electrical short that disables the driver side curtain air bag. A disabled driver side roof-rail air bag will not deploy in the event of a crash necessitating deployment of that air bag, increasing the risk of injury to the driver.
August 23, 2015
18:23 EDTGMGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link
August 21, 2015
12:13 EDTCSCOBrocade soars after Q3 results top estimates
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06:46 EDTGMGM recalling 5,493 2014-2015 Chevrolet Impala vehicles
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August 20, 2015
19:53 EDTWFMRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
12:57 EDTWTWWeight Watchers management to meet with Craig-Hallum
Meeting to be held in Chicago on August 25 hosted by Craig-Hallum.
10:52 EDTWFMWhole Foods calls active
Whole Foods August 33 and 33.5 calls are active on total call volume of 4K contracts (3K puts) on the subject of takeover chatter. August call option implied volatility is at 32, August weekly is at 27, September is at 28; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
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