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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:26 EDTHSH, KKD, ZQK, SSNLF, IDCC, FIATY, PF, F, GM, PPC, TSN, ACHCOn The Fly: Midday Wrap
Stocks on Wall Street began the session in negative territory and spent most of the morning there. At one point the averages turned mixed with the Dow and S&P in positive ground while the Nasdaq continued to lag, but all three slipped back into the red before long, which is where they stood near noon. ECONOMIC EVENTS: In the U.S., factory orders rose 0.7% in April from the revised March figure, topping the consensus forecast for a 0.5% increase. In China, the government's official services purchasing managers' index hit a 6-month high, rising to 55.5 in May from 54.8 in April. COMPANY NEWS: Shares of Hillshire Brands (HSH) jumped 9% to trade above $58 as the bidding war for the meat producer continues. Pilgrim's Pride (PPC) confirmed that it submitted a revised proposal to acquire Hillshire for $55.00 per share in cash, which is up from its prior offer of $45 and tops a rival bid of $50 per share that was made by Tyson Foods (TSN). For its part, Hillshire said its board has agreed to provide information to, and conduct separate talks with Pilgrimís Pride and Tyson about their recent unsolicited proposals, but Hillshire cautioned that it does not have the right to terminate its Pinnacle Foods (PF) merger agreement on the basis of either of the two companies' takeover proposals... Despite its recall woes, General Motors (GM) reported that its U.S. sales grew 12.6% from the prior year in May. Fiat's (FIATY) Chrysler unit also reported a double-digit percentage increase in its U.S. sales last month, while Ford (F) reported that its retail sales grew 3%, powering the company to its strongest May result since 2004. Despite the strong sales reports, shares of both GM and Ford were up just a fraction of a percent near midday. MAJOR MOVERS: Among the notable gainers was InterDigital (IDCC), which advanced over 19% after the company announced a patent license agreement with Samsung (SSNLF) and increased its Q2 revenue guidance. Also higher was Acadia Healthcare (ACHC), which rose nearly 15% after it agreed to acquire Partnerships in Care in a deal that analysts at Wells Fargo expect to be "meaningfully accretive." Among the noteworthy losers following their earnings reports and guidance were surfing, skateboarding and snowboarding apparel retailer Quiksilver (ZQK), which plunged 40%, and doughnut maker Krispy Kreme (KKD), which fell over 14%. INDEXES: Near midday, the Dow was down 24.33, or 0.15%, to 16,719.30, the Nasdaq was down 8.13, or 0.19%, to 4,229.07, and the S&P 500 was down 1.97, or 0.1%, to 1,923.00.
News For HSH;TSN;PPC;GM;F;PF;FIATY;IDCC;SSNLF;ZQK;KKD;ACHC From The Last 14 Days
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September 9, 2014
08:37 EDTSSNLFBarnes & Noble's NOOK launched first co-branded tablet with Samsung
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07:29 EDTSSNLFUBM Canon to hold a summit
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07:17 EDTFThe Wireless Association to hold a conference
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06:52 EDTGMGM JV in China recalls over 38K Cadillac sedans, Reuters says
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06:20 EDTSSNLFForrester: Apple could sell 10M iWatches this year, FT reports
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06:09 EDTF, GM, FIATYVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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06:06 EDTFIATYChrysler slashes price of Dodge Viper by $15,000, Detroit News reports
Chrysler has cut the price of its Dodge Viper by $15,000, the Detroit News reports. The slow-selling sports car now costs $84,995, priced comparably to the first-generation Viper. Reference Link
September 8, 2014
18:31 EDTPFOn The Fly: After Hours Movers
UP AFTER EARNINGS: Casey's General Stores (CASY), up 3.6%... Korn/Ferry (KFY), up 2.8%. ALSO HIGHER: Annies (BNNY), up 37.3% after General Mills (GIS) announced it will acquire the company for $46 per share... General Mills is trading just under 1% higher... Following the Annies/General Mills announcement, Hain Celestial Group (HAIN) is 3.6% higher, WhiteWave Foods (WWAV) is up 6.3%, and Boulder Brands (BDBD) is up 8.7%... iPass (IPAS), up 35.1% after announcing that it is exploring strategic alternatives... CTI BioPharma (CTIC), up 8.1% after being initiated with an Overweight at Piper Jaffray... Threshold Pharmaceuticals (THLD), up 5% after being initiated with a Buy at Cantor. DOWN AFTER EARNINGS: Pep Boys (PBY), down 6.7% following second quarter miss. ALSO LOWER: Pinnacle Foods (PF), down 3.7% after filing an automatic common stock shelf and announcing the sale of 15M shares of common stock for holders... Physicians Realty Trust (DOC), down 4.9% after offering 9M common shares.
17:47 EDTFFord downgrade a buying opportunity, Barron's says
Ford's downgrade at Morgan Stanley is a buying opportunity and investors should buy the dip, Barron's argues in its 'Barron's Take' column. Reference Link
16:53 EDTPFPinnacle Foods files to sell 15M shares of common stock for holders
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16:40 EDTPFPinnacle Foods files automatic common stock shelf
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13:26 EDTGM, FFord falls after two notch downgrade at Morgan Stanley
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13:04 EDTGM, FIATY, FAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
10:06 EDTFOn The Fly: Analyst Downgrade Summary
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09:12 EDTFOn The Fly: Pre-market Movers
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08:32 EDTSSNLFImmersion announces license with Samsung printing solutions
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07:59 EDTGM, FMorgan Stanley downgrades Auto sector to Cautious, downgrades Ford
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07:35 EDTSSNLFAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonicaís (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:14 EDTGMGM board slow to react on safety, NY Times says
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06:29 EDTFFord downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Ford two notches to Underweight from Overweight and lowered its price target to $16 from $17. The firm recommends reducing positions due to competitive pressures, cycle maturity, high expectations, and execution risk to the new truck changeover.
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