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Stock Market & Financial Investment News

News Breaks
February 14, 2013
12:25 EDTLCC, BRK.A, WTW, ANGI, GM, BUD, HNZ, WFM, Z, CSCO, AAMRQ, STZ, ULTA, VCLK, PEPOn 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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April 9, 2015
11:11 EDTWFMOptions with increasing implied volatility
Options with increasing implied volatility: TLM WETF GRPN TRIP GMCR MYL AOL WB WFM EA
08:41 EDTGMGM's Opel unit reports Q1 new passenger car sales 279,306 units
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07:34 EDTSTZConstellation Brands sees FY16 comparable EPS $4.70-$4.90, consensus $4.85
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07:32 EDTSTZConstellation Brands reports Q4 EPS $1.03, consensus 94c
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07:19 EDTSTZConstellation declares initial quarterly dividend of 31c on Class A shares
Constellation Brands announced that its board of directors has approved the initiation of a dividend program under which the company intends to pay a regular quarterly cash dividend to stockholders of its common stock. Constellation's board of directors declared an initial quarterly cash dividend of 31c per share of Class A Common Stock and 28c per share of Class B Common Stock, payable on May 22 to stockholders of record as of the close of business on May 8. CFO Bob Ryder, stated, "Both our beer and wine and spirits businesses have strong, consistent, cash generation capabilities and produce solid returns on invested capital. The beer business acquisition and our organic growth focus across our businesses have strengthened our financial profile and created significant capital allocation flexibility and shareholder return opportunities. We are initially targeting a dividend payout ratio of 25% - 30% of our comparable basis net income. Going forward, we will evaluate opportunities to increase our dividend based on the growth of our net income and free cash flow."
06:19 EDTGMGeneral Motors considering $1.3B expansion of Arlington plant, Reuters reports
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06:07 EDTGMGM to temporarily halt production of Chevrolet Volt, WSJ reports
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April 8, 2015
19:09 EDTGMGM pressures Canadian workers to reduce pension benefits, Globe and Mail says
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15:25 EDTSTZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus 95c... Constellation Brands (STZ), consensus 94c... Synergy Resources (SYRG), consensus 4c.
15:06 EDTSTZConstellation Brands technical comments before earnings
The stock has been on a rapid rise since the start of the year, trading up 20%. Concerns have begun to emerge about share valuation, but that has not stopped the breakout in price that began in mid-2012 from gaining momentum. With price close to the life high at $120.24, there is little in the way of overhead resistance. A move to the $125 to $130 area would seem quite probable on strong news or outlook, using price channel projection as a guide. This technical move would fit largely with analyst price targets according to Thomson/First Call. The $125 area is the median price target, with the mean at $120.53 and the high at $137. The low target at $82 is something of an outlier, but is still above the 52-week low at $76.26. If the news were a disappointment, given the extension in valuation and the price run-up, there could be a larger than normal correction in price. First support would be at the 50-day moving average at $114.84. If that moving average were broken, next support would be at $109.91 and then at $100.77. In view of the long-term trend, it would take a move down to and below the 50-week moving average at $96.10 to break the long-term uptrend. Each touch of that average has been an initiation point for longs in the last two years.
11:29 EDTWFMOptions with increasing implied volatility
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10:01 EDTANGIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
06:46 EDTANGIAngie's List downgraded to Neutral from Buy at B. Riley
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06:02 EDTANGIGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
April 7, 2015
19:54 EDTCSCOCisco, American Express invest in mobile wallet startup, Economic Times says
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12:36 EDTWFMOptions with increasing implied volatility
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11:27 EDTGMCanadian sale of General Motors stake removes an overhang, says BofA/Merrill
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09:23 EDTGMOn The Fly: Pre-market Movers
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09:01 EDTGMGeneral Motors 73.39M share Block Trade priced at $35.90
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06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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