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Stock Market & Financial Investment News

News Breaks
June 12, 2014
16:24 EDTHPQ, INTC, TWTR, LULU, RH, DAL, LUVOn The Fly: Closing Wrap
Stocks on Wall Street were lower after retail sales rose less than expected, first-time unemployment claims increased, and oil prices continued their move higher as Islamic militants threaten to take over more Iraqi cities, including the capital. The major averages opened just slightly below the flat line and that was about as close to positive territory as they would get for the session. The commodity sector, which is often a safe haven for money during times of geopolitical turmoil, had its biggest rally in more than three months. In contrast, the equity market continued its losing streak. ECONOMIC EVENTS: In the U.S., retail sales rose only 0.3% in May, and were up 0.1% excluding autos, as both growth figures missed the consensus forecast. Initial jobless claims rose to 317K in the week ended June 7, which was above the expectation for 310K new claims. Import and export prices both rose 0.1% in May. Business inventories rose 0.6% in April, with sales up 0.7%. COMPANY NEWS: Twitter (TWTR) confirmed a report from Re/code that Ali Rowghani has resigned from his position as Chief Operating Officer. Rowghani will continue to be an employee and act as a strategic advisor to the CEO and the company does not intend to hire a replacement for the COO role, Twitter stated. Shares of the social network operator advanced $1.25, or 3.52%, to $36.79 after the management shake-up. MAJOR MOVERS: Among the notable gainers was home furnishings retailer Restoration Hardware (RH), which advanced $9.05, or 12.68%, to $80.40 after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Also higher was Hewlett-Packard (HPQ), which rose 14c, or 0.42%, to $33.39 after Goldman Sachs changed its view on its negative thesis on the stock and upgraded the shares to Neutral from Sell. In after-hours trading, however, HP was up nearly another 1% after chipmaker Intel (INTC) raised its Q2 revenue view, citing stronger than expected demand for business PCs. Shares of Intel, meanwhile, were up more than 4% in after-hours trade following the increased outlook. Among the noteworthy losers was yoga wear maker lululemon (LULU), which fell $7.05, or 15.91%, to $37.25 and was downgraded at both William Blair and Stifel after the company reported Q1 results, lowered its FY14 guidance and announced the retirement of CFO John Currie. Also lower amid the recent spike in oil prices were a number of airline stocks, including Delta Air Lines (DAL), which slid $2.21, or 5.43%, to $38.50, and Southwest (LUV), which dropped $1.22, or 4.53%, to $25.72. INDEXES: The Dow was down 109.69, or 0.65%, to 16,734.19, the Nasdaq was down 34.30, or 0.79%, to 4,297.63, and the S&P 500 was down 13.78, or 0.71%, to 1,930.11.
News For HPQ;INTC;TWTR;LULU;RH;DAL;LUV From The Last 14 Days
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September 9, 2014
06:01 EDTTWTRTwitter's Carolyn Penner to join Vine, Re/code reports
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05:40 EDTLUV, DALU.S. Airline sector initiated with an Overweight at Credit Suisse
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September 8, 2014
16:02 EDTDALDelta Air Lines initiated with an Outperform at Credit Suisse
Target $56.
16:02 EDTLUVSouthwest initiated with a Neutral at Credit Suisse
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16:00 EDTTWTROptions Update; September 8, 2014
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13:18 EDTINTCIntel 'Grantley' line could drive server processor unit growth, says Wells Fargo
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13:15 EDTINTCIntel introduces Xeon processors for servers
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10:30 EDTTWTRTwitter moves higher on 'buy' button test, levels to watch
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09:18 EDTTWTRTwitter confirms test of 'Buy' button for select U.S. users
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06:42 EDTLULUlululemon expected to report sharply lower profit, WSJ reports
lululemon is expected to report a sharply lower profit, with analysts expecting a profit of $42.7M in the latest quarter, reports the Wall Street Journal. Investors will be watching for signs the self-inflicted problems are getting resolved after executives said overhauling the company's process will take about 18 months. Reference Link
September 5, 2014
16:12 EDTINTCFossil, Intel announce collaboration to develop innovation in wearable tech
Fossil Group (FOSL) and Intel Corporation (INTC) announced that they will be collaborating to further develop wearable technology for the fashion industry. Fossil Group will partner with Intel to identify, support and develop emerging trends in the wearable technology space. The companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer. In addition, Fossil Group will work closely with Intel Capital, Intelís global investment organization, to identify and evaluate co-investments in emerging technologies to accelerate industry innovation and stay at the forefront of the wearable consumer trend.
15:21 EDTLULULululemon Athletica September volatility elevated into Q2
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12:02 EDTDALStocks with call strike movement; DAL GILD
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11:39 EDTINTC, HPQIntel launches Core M processor, available Holiday 2014
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11:32 EDTINTCApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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09:42 EDTTWTRTwitter management to meet with Deutsche Bank
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08:22 EDTINTCNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:49 EDTLULUlululemon challenges persisted in Q2, says Canaccord
Canaccord said the product assortment at lululemon remains stale and the firm sees traffic, product flow, fashion quotient and conversion challenges persisting in Q2. The firm believes the brand remains relevant and has long-term growth opportunities but there are likely to be more fits and starts in the interim. Canaccord keeps its Hold rating and $42 price target on shares of lululemon.
06:43 EDTHPQHP considered pulling out of Autonomy deal, FT reports
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06:34 EDTLULUlululemon estimates lowered ahead of Q2 report at Barclays
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