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Stock Market & Financial Investment News

News Breaks
March 18, 2014
12:41 EDTHTZ, PVA, GME, NDAQ, MSFT, AAPL, WMT, ICEOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid continued headlines from Russia regarding the Crimea region of Ukraine and a report that showed the cost of living in the U.S. was little changed in February. Also, the Federal Reserve kicked off its two-day policy meeting, which will culminate tomorrow with Janet Yellen's first press conference as the head of the central bank. ECONOMIC EVENTS: In the U.S., consumer prices rose 0.1% in February, matching the consensus forecast of economists. Housing starts fell 0.2% from the prior month in February to a rate of 907K, while building permits rose 7.7% to a rate of 1.02M. In Europe, Vladimir Putin formally called for Crimea and Sevastopol to be annexed and added to Russia, but added in his address to his parliament that Russia is not seeking to split up Ukraine. A measure of German economic expectations dropped more-than-expected to 46.6 in March, which was linked to the Crimea crisis and represented its weakest reading since August 2013. COMPANY NEWS: Rental car company Hertz (HTZ) confirmed plans to separate its equipment rental business and announced a new $1B share repurchase program, but missed earnings expectations. The stock's reaction to the spin-off news was likely muted due to the fact that Financial Times, citing sources familiar with the matter, had already reported on the spin-off on Friday evening and the stock advanced nearly 5% yesterday after that report. MAJOR MOVERS: Among the notable gainers was Penn Virginia (PVA), which jumped 13% after activist investor Soros Fund Management disclosed that it has taken a 9.18% stake and urged the company to explore strategic alternatives. Also higher was Microsoft (MSFT), which rose almost 4% after the tech blog The Verge, citing sources, said the company will introduce a version of its Office product suite for Apple's iPad (AAPL) at a press event later this month. Barclays also published a positive note on Microsoft this morning, stating that the firm believes that the benefit Microsoft could receive from the monetization of Office 365 is underappreciated, while the company's revenue growth from Azure is accelerating. Among the noteworthy losers was Nasdaq OMX (NDAQ), which fell about 4% after New York Attorney General Eric Schneiderman called for tougher regulations and market reforms to eliminate what he called the "unfair advantages" provided to high-frequency trading firms. Also possibly weighing on its shares was a Dow Jones report that claimed the New York Stock Exchange, which is owned by IntercontinentalExchange (ICE), is viewed as the front-runner for the upcoming IPO of China's largest e-commerce company, Alibaba. Also lower were shares of video game retailer GameStop (GME), which slid 4% after Wal-Mart (WMT) announced that customers would soon be able to trade in their used video games in return for store credit. INDEXES: Near midday, the Dow was up 81.65, or 0.5%, to 16,328.87, the Nasdaq was up 41.74, or 0.98%, to 4,321.69, and the S&P 500 was up 10.56, or 0.57%, to 1,869.39.
News For HTZ;PVA;GME;NDAQ;MSFT;AAPL;WMT;ICE From The Last 14 Days
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September 16, 2014
11:09 EDTAAPLVirnetX wins mixed ruling in patent case with Apple, Bloomberg reports
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10:52 EDTAAPLApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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10:37 EDTMSFTMicrosoft weighs German-only cloud platform, Datacenter Dynamics reports
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10:31 EDTAAPLApple has a bearish pattern on 1-day basis, levels to watch
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10:22 EDTAAPLBanks set for ad battle to be default choice for Apple Pay, Apple Insider says
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10:12 EDTAAPLApple's iPhone 6 NFC chip restricted to Apple Pay, The Verge reports
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10:09 EDTAAPLApple iPhone 6 launch timing concerns in China overdone, says Susquehanna
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09:59 EDTMSFTOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPL, WMTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
09:13 EDTAAPLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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09:07 EDTMSFTMicrosoft to launch Microsoft Dynamics CRM 2015 in Q4
Microsoft on Tuesday announced that Microsoft Dynamics CRM 2015, as well as updates to its Microsoft Dynamics CRM Online and Microsoft Dynamics Marketing services, will be generally available in the Q4.
08:06 EDTHTZHertz and Carl Icahn reach agreement regarding board appointments
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07:57 EDTMSFTFBN Securities to hold a tour
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07:36 EDTPVACredit Suisse to hold a conference
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07:19 EDTAAPL, MSFTCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
06:49 EDTWMTWal-Mart spokesman steps down due to resume fib, Bloomberg says
The Chief spokesman for Wal-Mart, David Tovar, stepped down after the retailer learned a nearly 20-year fabrication in his official resume, according to Bloomberg, citing a person familiar with the situation. Reference Link
06:42 EDTAAPLPayPal running ads against Apple Pay, Business Insider reports
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06:36 EDTAAPLiPhone 6/6 Plus may suffer similar iPhone 5s/5c inventory issues, DigiTimes says
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06:28 EDTAAPLLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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05:50 EDTWMTWal-Mart, AutoInsurance.com announce national expansion
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