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Stock Market & Financial Investment News

News Breaks
June 5, 2014
12:28 EDTVRA, JOY, PVH, GM, AXAS, HPQOn The Fly: Midday Wrap
Stocks began the session in quiet fashion as they got little help from the day’s economic reports which included the weekly jobless claims data and the monthly Challenger Job Cuts report. The relatively benign numbers lifted the futures above fair value but gave it little momentum once the market opened. The averages drifted in a narrow range and pushed the S&P to a new all-time high. The market may continue to drift this afternoon as investors move to the sidelines ahead of tomorrow’s nonfarm payrolls report. ECONOMIC EVENTS: In the U.S., initial jobless claims rose slightly, up 8,000 to 312,000, in the week of May 31. The Challenger Job-Cut Report for May came in at 52,961, an increase partially caused by a 16,000 employee layoff at Hewlett-Packard (HPQ). COMPANY NEWS: General Motors (GM) released the results of an internal investigation into the company’s delayed recall of defective ignition switches, with CEO Mary Barra saying the saga was "riddled with failure, leading to tragic results for many." Fifteen employees were fired for misconduct, incompetence or failure to act. MAJOR MOVERS: Joy Global (JOY) is up 6.31% after reporting Q2 earnings results and backing its FY14 guidance. Abraxas Petroleum (AXAS) is up 11.38% after raising its FY14 production guidance last night after the close. Abraxas was also upgraded to Buy from Neutral at SunTrust this morning. PVH Corp (PVH) is down 6.66% after reporting Q1 earnings results and lowering its FY14 EPS view. Vera Bradley (VRA) is down 3.6% after reporting Q1 earnings results and giving Q2 and FY15 guidance that did not meet analyst expectations. INDEXES: The Dow is up 97.10, or 0.58%, to 16,834.63; the Nasdaq is up 37.88, or 0.89%, to 4,289.52; and the S&P 500 is up 11.06, or 0.57%, to 1,938.96.
News For HPQ;GM;JOY;AXAS;PVH;VRA From The Last 14 Days
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April 9, 2015
08:41 EDTGMGM's Opel unit reports Q1 new passenger car sales 279,306 units
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08:40 EDTJOYJoy Global management to meet with Deutsche Bank
Meeting to be held in Singapore on April 9 hosted by Deutsche Bank.
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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05:59 EDTHPQStocks with implied volatility below IV index mean; HPQ ACN
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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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10:21 EDTJOYJoy Global call activity attributed to renewed takeover speculation
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09:54 EDTJOYJoy Global spikes higher, levels to watch
The shares have spiked in the last 5 minutes, trading up over 2.2% to $39.78. At that price next resistance is at $41.66, the 50-day moving average. The 50-day is the downtrend resistance line on the 1-year chart. The spike is being attributed to unconfirmed takeover speculation.
09:48 EDTJOYRumor: Joy Global strength attributed to takeover speculation
The recent move higher in shares of Joy Global is being attributed to renewed takeover speculation in the name. The stock is up 1.5% to $39.44.
07:54 EDTJOYJoy Global management to meet with Deutsche Bank
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April 7, 2015
16:55 EDTHPQXerox upgraded to Buy ahead of Q1 results at Citigroup
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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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07:52 EDTHPQHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
06:56 EDTGMGeneral Motors 73.39M share Block Trade; price range $35.80-$36.00
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April 6, 2015
18:01 EDTGMCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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11:41 EDTGMDeath claims linked to GM ignition switches up to 80, WSJ reports
The number of deaths linked to General Motors' faulty ignition switch was raised by three to 80 total people, reports The Wall Street Journal, citing statements by lawyers operating the GM compensation fund. The number of confirmed injury claims rose by seven to 141 people. Reference Link
07:41 EDTGMBrookings Institute to hold a discussion
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April 5, 2015
08:43 EDTGMAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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