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Stock Market & Financial Investment News

News Breaks
November 20, 2012
16:24 EDTCLF, BBY, HTWR, KKD, HPQOn The Fly: Closing Wrap
Stocks on Wall Street were mixed after pre-open news of a $8.8B write-down at Hewlett-Packard (HPQ) and midday comments from Federal Reserve Chairman Ben Bernanke dented the averages. Better than expected housing data provided a counter point to Bernanke's warnings about the potential impact of the fiscal cliff and a late day recovery brought the indices back to being nearly unchanged on the day... ECONOMIC EVENTS: In the U.S., housing starts increased 3.6% in October from the prior month, to an annual rate of 894K, versus expectations for a decline of 3.7%. Building permits declined 2.7%, to an 866K annual rate, versus expectations for a decline of 2.9%. In Europe, Moody's downgraded France's government bond rating to Aa1 from Aaa... COMPANY NEWS: Hewlett-Packard shares plunged $1.59, or 11.95%, to $11.71, closing near 10-year lows after the company disclosed "serious accounting improprieties, disclosure failures and outright misrepresentations” related to its purchase of U.K. software company Autonomy. In addition to the scandal, H-P's quarterly earnings beat expectations but its view for profit next quarter trailed Street estimates... MAJOR MOVERS: Among the notable gainers was Krispy Kreme Doughnuts (KKD), up $1.77, or 23.47%, to $9.31 after the company's Q3 earnings beat consensus estimates and Wedbush raised their price target on the shares to $11 from $9. Also higher were shares of HeartWare (HTWR), which rose $7.53, or 9.18%, to $89.54 after the company received FDA approval for a heart failure pump. Among the noteworthy losers was Best Buy (BBY), which slid $1.79, or 13.02%, to $11.96 after its earnings fell short of lowered expectations and its same store sales declined 4.3%. Also lower were shares of Cliffs Natural Resources (CLF), down $4.19, or 12.07%, to $30.48 following a downgrade to Sell from Neutral at Goldman... INDICES: The Dow was down 7.45, or 0.06%, to 12,788.51; the Nasdaq was up 0.61, or 0.02%, to 2,916.68; and the S&P 500 was up 0.93, or 0.07%, to 1,387.82.
News For HPQ;KKD;HTWR;BBY;CLF From The Last 14 Days
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November 19, 2014
15:31 EDTBBYNotable companies reporting before tomorrow's open
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15:01 EDTBBYBest Buy technical comments before results
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13:33 EDTBBYBest Buy November 36 straddle priced for 8.2% move into Q3
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12:46 EDTCLFOn The Fly: Midday Wrap
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10:35 EDTCLFCliffs Natural's Bloom Lake closure costs a worst case, says Credit Suisse
Credit Suisse said Cliffs Natural's Bloom Lake closure cost guidance of $650M-$700M is a worst case scenario and significantly less negative scenarios are possible.
10:10 EDTCLFCliffs Natural only has nominal value at $85/mt iron ore, says CRT Capital
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09:53 EDTCLFCliffs Natural price target lowered to $4 from $8 at Brean Capital
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07:46 EDTHPQSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:26 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
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06:27 EDTCLFCliffs Natural to pursue exit options for Eastern Canadian iron ore operations
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05:58 EDTBBYStocks with implied volatility above IV index mean; BBY SPLS
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November 18, 2014
15:02 EDTBBYBest Buy management to meet with Jefferies
Meeting to be held in Boston on November 25 hosted by Jefferies.
15:01 EDTBBYBest Buy management to meet with B. Riley
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13:28 EDTCLFIron ore, steel stocks lower after iron ore prices, China home prices decline
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November 17, 2014
15:45 EDTBBYBest Buy remains a top pick for the holiday season at BofA/Merrill
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07:39 EDTBBYBest Buy price target raised to $42 from $35 at Stifel
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07:05 EDTBBYBest Buy price target raised to $40 from $36 at RBC Capital
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November 14, 2014
17:07 EDTBBYSoros Fund Management gives quarterly update on stakes
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11:48 EDTBBYStocks with call strike movement; GILD BBY
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07:36 EDTBBYBest Buy price target raised to $36 from $32 at UBS
UBS raised its price target on Best Buy to $36 from $32 ahead of its Q3 results. The firm sees a favorable near-term set-up, citing the company's cash balances, selection of premium products, and focused strategy of promotions deployment and expenses. UBS reiterates its Buy rating on Best Buy shares.
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