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Stock Market & Financial Investment News

News Breaks
May 23, 2014
16:15 EDTARO, HPQ, PTCT, ARUN, GMEOn The Fly: Closing Wrap
Stocks on Wall Street opened in quiet fashion, though with an upward bias, and proceeded to trade that way throughout the session. The averages drifted higher in a broad based move that saw each of the major averages tack on gains of at least 0.3%. The volume was light, as was to be expected prior to a holiday weekend, and there was little volatility as the market moved in a narrow range once it found its level. Ending the week on a high note, the benchmark S&P 500 managed to close above 1,900 for the first time. ECONOMIC EVENTS: In the U.S., new home sales rose 6.4% in April to a rate of 433K. The percentage increase trailed expectations, but the rate was higher than expected due to upward revisions to last months figures. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) rose $2.00, or 6.1%, to $33.72 after the computer and printer making giant reported second quarter adjusted earnings per share that matched estimates and announced additional job cuts. Following the report, Citigroup said it sees "meaningful upside" to the stock and believes HP's cost savings are underappreciated. After HP's report of roughly in-line results and more layoffs, Wells Fargo noted that HP said it was more confident in its growth outlook. The firm thinks the layoffs may reflect newly discovered cost cutting opportunities, rather than end market pressures, and kept an Outperform rating on the shares. MAJOR MOVERS: Among the notable gainers was PTC Therapeutics (PTCT), which surged $4.71, or 30.74%, to $20.03 after the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion regarding the company's application for a conditional marketing authorization of Translarna for the treatment of nonsense mutation Duchenne muscular dystrophy. Also higher was video game retailer GameStop (GME), which rose $1.55, or 4.2%, to $38.43 after the company reported better than expected first quarter profits and backed its fiscal 2014 guidance. Among the noteworthy losers following their earnings reports were apparel retailer Aeropostale (ARO), which fell $1.09, or 24.12%, to $3.43, and network solutions provider Aruba Networks (ARUN), which slid $2.17, or 10.82%, to $17.89. INDEXES: The Dow was up 63.19, or 0.38%, to 16,606.27, the Nasdaq was up 31.47, or 0.76%, to 4,185.81, and the S&P 500 was up 8.04, or 0.42%, to 1,900.53.
News For HPQ;GME;PTCT;ARO;ARUN From The Last 14 Days
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March 26, 2015
13:19 EDTGMEGameStop technical comments ahead of results
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12:49 EDTGMEGameStop volatility elevated into Q4 and outlook
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07:25 EDTHPQThe Economist to hold a forum
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06:32 EDTGMEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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06:05 EDTHPQIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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March 25, 2015
13:00 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
GameStop March weekly call option implied volatility is at 133, April is at 54, May is at 41, July is at 35; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 26.
06:04 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 24, 2015
11:37 EDTPTCTPTC Therapeutics CEO no longer owns company shares, TheStreet says
PTC Therapeutics CEO Stu Peltz sold the remaining 47,200 shares he owned in the company, TheStreet's Adam Feuerstein reports, citing a regulatory filing yesterday. The sale follows a stock rise in part fueled by takeover speculation, Feuerstein adds. Reference Link
10:02 EDTHPQHP partners with Bang & Olufsen to bring premium sound to PCs
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08:45 EDTGMEGameStop should be bought on any guidance-related weakness, says Oppenheimer
Oppenheimer believes that GameStop's stock may fall when it provides its 2015 guidance after the close on Thursday, as the firm believes that the stronger dollar may weigh on the company's EPS somewhat, while the company may look to issue beatable guidance. The firm says that video game data has been positive recently, while the stock's valuation is "accomodative." It keeps an Outperform rating on the name.
05:57 EDTHPQStocks with implied volatility below IV index mean; CSCO HPQ
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March 23, 2015
10:17 EDTHPQHP management to meet with Jefferies
Meetings to be held in Texas March 25-27 hosted by Jefferies.
07:39 EDTHPQHP break-up value in at least the low $40's, says UBS
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March 20, 2015
09:05 EDTHPQJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
07:37 EDTGMEGameStop should be bought if pulls back after Q4 report, says RW Baird
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March 19, 2015
08:43 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
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08:35 EDTHPQTsinghua on short list of potential buyers of HP China units, Bloomberg says
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08:11 EDTPTCTPTC Therapeutics and University of Pennsylvania partner for disease research
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07:47 EDTHPQHP raises quarterly dividend to 17.6c per share from 16c per share
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07:02 EDTHPQHP CEO says company split on track for November 1, Bloomberg says
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