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Stock Market & Financial Investment News

News Breaks
May 23, 2014
16:15 EDTARUN, GME, ARO, HPQ, PTCTOn 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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November 17, 2014
11:28 EDTARUNAruba Networks Q1 sales likely ahead of expectations, says Piper Jaffray
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08:28 EDTGMEGameStop Q3 results should be at high end of guidance, says Wedbush
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07:49 EDTARUNAruba Networks estimates appear achievable, says UBS
UBS remains a buyer of Aruba Networks ahead of its Q1 results, as the firm sees improving operational discipline and cost cutting, continuation of its product cycle, free cash flow, and new partnerships. UBS reiterated its Buy rating and $25 price target on Aruba Networks shares.
07:08 EDTGMEGameStop November volatility elevated into Q3 and outlook
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06:05 EDTGMEStocks with implied volatility above IV index mean; GME LULU
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November 14, 2014
11:28 EDTGMEStocks with call strike movement; RIG GME
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09:05 EDTGMENPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
05:52 EDTGMEOctober NPD video game software sales fell 27%, says Piper Jaffray
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November 13, 2014
09:40 EDTARUNActive equity options trading
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07:24 EDTGMEGameStop November volatility elevated into Q3 and outlook
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07:15 EDTGMEGameStop board authorizes $500M share repurchase program
GameStop said in a filing yesterday that on November 11, its Board of Directors approved a cash dividend to its stockholders. The quarterly dividend of 33c per share of Class A Common Stock will be paid on December 16, 2014 to stockholders of record on the close of business on November 25, 2014. Additionally, GameStop Corp. announced that its Board of Directors has authorized $500M of funds to be used in the company’s share repurchase plan. This new authorization replaces the $500M stock repurchase plan announced in November 2013, which had approximately $176.4M remaining at the time of the new authorization.
06:04 EDTGMEStocks with implied volatility above IV index mean; GME LULU
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November 12, 2014
15:08 EDTHPQEarnings Preview: Cisco reports amid analyst debate on break-up potential
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08:37 EDTARUNAruba Networks shares should be bought into earnings, says Pacific Crest
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08:13 EDTPTCTBoston Biotech to hold a conference
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05:57 EDTGMEStocks with implied volatility above IV index mean; GME LOCO
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November 11, 2014
07:49 EDTAROBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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06:03 EDTHPQQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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05:56 EDTGMEStocks with implied volatility above IV index mean; GME ACHN
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November 10, 2014
07:05 EDTGMEGameStop November volatility elevated into Q3 and outlook
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