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Stock Market & Financial Investment News

News Breaks
June 12, 2014
12:31 EDTHPQ, TWTR, RH, LULU, GERN, WAVXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after retail sales rose less than expected in May and first-time unemployment claims increased last week. In addition to the mixed bag of economic data, there has also been increased anxiety about Iraq in recent days amidst a backdrop of an Islamist militant uprising there, as evidenced by a seven month high in the price of crude oil. The market opened in negative territory and has remained there throughout the morning, though the averages have drifted in a fairly narrow range again. 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%. In Europe, the euro zone's industrial output rose 0.8% in April, versus expectations for a 0.4% increase. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) climbed nearly 2% near noon after Goldman Sachs admitted that its negative thesis on the stock was wrong and upgraded the shares to Neutral from Sell. Among 34 research firms tracked by Bloomberg, none now have a "Sell" or equivalent rating on shares of HP following Goldman's upgrade... Twitter (TWTR) shares gained 4% after the company 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. MAJOR MOVERS: Among the notable gainers was Geron (GERN), which advanced 26.5% after the FDA removed its partial clinical hold on the company's trial of imetelstat in myelofibrosis. Also higher were shares of home furnishings retailer Restoration Hardware (RH), which rose 13% after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Among the noteworthy losers was yoga wear maker lululemon (LULU), which dropped over 15% 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 following was Wave Systems (WAVX), which fell 22% after it announced plans to sell about 5.2M shares of its common stock at a price of $1.90 per share. INDEXES: Near midday, the Dow was down 51.99, or 0.31%, to 16,791.89, the Nasdaq was down 10.49, or 0.24%, to 4,321.45, and the S&P 500 was down 5.57, or 0.29%, to 1,938.32.
News For HPQ;TWTR;RH;LULU;GERN;WAVX From The Last 14 Days
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October 10, 2014
16:58 EDTHPQSilver Lake said to shelve effort to buy Shutterfly, Snapfish, Bloomberg says
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16:02 EDTTWTRActionable Options for Friday, October, 10
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11:45 EDTTWTRStocks with call strike movement; TWTR GPRO
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11:23 EDTTWTRTwitter falls after bounce attempt, levels to watch
The stock is heading lower after a bounce attempt off the session low at $51 failed to hold. At the current price of $52.26, next support is at the low of the day. Resistance is at $52.77, the peak price of the recent bounce.
10:01 EDTHPQOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
09:38 EDTTWTRActive equity options trading on open
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October 9, 2014
16:59 EDTHPQJefferies initiates IT Hardware space, names Western Digital top pick
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16:21 EDTHPQHP initiated with a Hold at Jefferies
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16:00 EDTTWTROptions Update; October 9, 2014
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13:16 EDTTWTRTwitter November volatility elevated
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11:13 EDTHPQHP management to meet with Oppenheimer
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09:41 EDTRHBofA/Merrill retail analysts hold an analyst/industry conference call
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09:38 EDTTWTRActive equity options trading on open
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08:53 EDTHPQAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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07:34 EDTHPQHP has room to grow, gave conservative guidance, says Brean Capital
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06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:54 EDTRHRestoration Hardware initiated with an Outperform at Raymond James
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06:52 EDTHPQTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:10 EDTLULUStocks with implied volatility below IV index mean; NKE LULU
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