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Stock Market & Financial Investment News

News Breaks
August 20, 2014
17:12 EDTMET, HPQ, BAC, HTZ, BRK.AOn The Fly: Closing Wrap
The broader market opened slightly lower as investors moved to the sidelines awaiting the release of the minutes from last monthís FOMC meeting. There was little else for investors to key in on as the geopolitical situations were fairly quiet and the economic calendar was devoid of any major releases. As a result the averages drifted throughout the morning but by lunch time had crossed into positive ground. From there the Dow would take the lead while the Nasdaq lagged. The knee jerk reaction to the Fedís minutes, which showed a more heated debate about when to raised interest rates, pushed the market lower. After digesting the notes the market turned and closed with its fifth positive finish in the past six sessions. ECONOMIC EVENTS: The Mortgage Bankers' Association Purchase Applications showed a week-over-week drop of -0.4% in the purchase index, but a 3% rise in the refinance index... The EIA Petroleum Status Report showed a 4.5M draw in oil inventories to 362.5M barrels during last week... In the Fed minutes released at 2:00 pm ET, "many" FOMC members said that stimulus may have to be removed sooner than expected. COMPANY NEWS: After the close, Hewlett-Packard (HPQ) reported in-line Q3 earnings and Q4 guidance... Berkshire Hathaway (BRK.A) consented to a final judgment whereby it agreed to pay a civil penalty of $896,000 for failure to comply with the premerger reporting and waiting requirements of the Hart-Scott Rodino Act... Bank of America (BAC) reached a $17B settlement over mortgage backed securities sales, according to the Associated Press... MetLife (MET) has been moved closer to potentially being designated as a "systemically important financial institution," according to the Wall Street Journal. MAJOR MOVERS: Hertz (HTZ) rebounded after Carl Icahn reported an 8.48% stake in the company and said he plans to hold talks with the management. The stock closed down 3.9% after trading down over 9% intra-day. INDEXES: The Dow closed up 59.54, or 0.35%, to 16,979.13, the Nasdaq closed down 1.03, or 0.02%, to 4,526.48, and the S&P 500 closed up 4.91, or 0.25%, to 1,986.51.
News For A;BAC;MET;HTZ From The Last 14 Days
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June 26, 2015
11:46 EDTHTZHertz in exclusive negotiations with Loxam for potential HERC acquisition
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June 25, 2015
16:23 EDTHTZOn The Fly: Top stock stories for Thursday
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16:00 EDTBACOptions Update; June 25, 2015
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15:04 EDTBACNeuberger Berman buys management of PE fund of funds from BofA
Neuberger Berman announced that it has entered into an agreement with Merrill Lynch Alternative Investments, the alternative investment business of Bank of America whereby Neuberger Berman will acquire the management rights to certain Merrill Lynch traditional non-registered and 40-Act-registered private equity fund of funds. Merrill Lynch selected Neuberger Berman following an extensive due diligence process focused on private equity investment expertise, 40-Act capabilities and dedication to client service. Key private equity professionals from Merrill Lynch will be joining Neuberger Berman concurrent with the transaction. Terms of the deal are undisclosed. The transaction is expected to close in August.
11:35 EDTHTZAvis, Hertz slide after Credit Suisse notes pricing challenges
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09:34 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
07:13 EDTBACFed director says full transparency in stress testing can be 'enormous weakness'
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05:50 EDTHTZStocks with implied volatility movement; HTZ XLF
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June 24, 2015
17:57 EDTMETWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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16:00 EDTBACActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
06:37 EDTBACDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
June 23, 2015
16:00 EDTBACOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
09:36 EDTBACActive equity options trading on open
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09:18 EDTHTZHertz's subsidiary HERC names Bruce Dressel as COO
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06:25 EDTBACBarclays-Stifel deal marks end of Lehman legacy, Business Insider reports
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June 22, 2015
16:00 EDTBACOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
10:00 EDTMETOn The Fly: Analyst Upgrade Summary
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09:40 EDTBACActive equity options trading on open
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07:26 EDTMETMetLife upgraded on share repurchase, interest rate outlook at RBC Capital
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06:14 EDTMETMetLife upgraded to Outperform from Sector Perform at RBC Capital
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