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Stock Market & Financial Investment News

News Breaks
April 1, 2013
16:35 EDTHUM, UNH, WLP, AET, TSLA, AM, KWK, DLLR, WLTOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the first trading day of the second quarter, with mixed economic data, closed markets in Europe and light volume conspiring to keep investors from driving the market to new highs, as was the case in the last day of the just finished quarter... ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's March manufacturing PMI came in at 51.3, versus an expected reading of 54.0. The Commerce Department reported that construction spending increased 1.2% in February, versus an expected increase of 1.0%. Asian markets finished mostly lower after China's official purchasing managers' index for March rose to 50.9 from 50.1 in February, though that was lower than the 51.0 reading economists were expecting. HSBC's separate PMI reading rose to 51.6 in March from its 50.4 prior reading. Also, in Japan, the quarterly Tankan survey showed a only a modest uptick in confidence among large Japanese manufacturers. In Europe, markets remained closed for the Easter holiday... COMPANY NEWS: A number of health insurers, including Humana (HUM), UnitedHealth (UNH), WellPoint (WLP) and Aetna (AET), rallied late in the trading day. The CMS announced on its website after the close that it had reversed its stance on cutting Medicare Advantage rates, giving insurers a 3.3% rate increase when a 2.2% decrease had been proposed earlier. Shares of the insurers extended their rally in after-market trading once the news was confirmed... Tesla (TSLA) shares gained $6.04, or 15.94%, to $43.93 after the company said it now expects to be profitable in the first quarter after its Model S sales exceeded 4,750 units, beating its previous expectations... MAJOR MOVERS: Among the notable gainers was American Greetings (AM), up $1.95, or 12.11%, to $18.05 after agreeing to be acquired by the family of its Chairman for $18.35 per share. Also higher were shares of Quicksilver Resources (KWK), up 35c, or 15.56%, to $2.60 after the company agreed to sell a 25% interest in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas for $485M. Among the noteworthy losers was DFC Global (DLLR), down $3.60, or 21.63%, to $13.04 after the company lowered its earnings view for the full year. Also lower were shares of Walter Energy (WLT), down $2.26, or 7.93%, to $26.24 after Goldman reiterated its Sell rating on the company's stock... INDICES: The Dow was down 5.69, or 0.04%, to 14,572.85; the Nasdaq was down 28.35, or 0.87%, to 3,239.17; and the S&P 500 was down 7.02, or 0.45%, to 1,562.17.
News For HUM;UNH;WLP;AET;TSLA;AM;KWK;DLLR;WLT From The Last 14 Days
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July 15, 2014
09:38 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
July 14, 2014
16:15 EDTHUMHumana, Tenet sign new multi-year national agreement
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16:00 EDTTSLAOptions Update; July 14, 2014
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11:49 EDTTSLAStocks with call strike movement; TSLA PBR
Tesla (TSLA) January 270 call option implied volatility increased 2% to 44, Petrobras (PBR) November 18 call option implied volatility increased 3% to 44 according to IVolatility.
11:27 EDTTSLAChina to require nearly third of state cars be electric, Bloomberg reports
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09:36 EDTTSLAActive equity options trading on open
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09:23 EDTWLPWellPoint Q2 EPS likely to beat consensus by 55c, says Sterne Agee
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07:22 EDTWLP, HUMHealthcare Education Associates to hold a conference
4th Annual RISE California Summit to be held in San Diego on July 13-15.
July 11, 2014
15:59 EDTTSLAOptions Update; July 11, 2014
iPath S&P 500 VIX Short-Term Futures down 33c to 28.25. Option volume leaders: AAPL C GILD X FB GOOG AMZN TWTR TSLA according to Track Data.
12:51 EDTWLTWalter Energy volatility low into Q2
Walter Energy July call option implied volatility is at 63, August is at 71, and December is at 70; compared to its 26-week average of 74 according to Track Data, suggesting decreasing price movement into the expected release of Q2 results on July 31.
09:37 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFC C SUNE FB AMZN TSLA TWTR
July 10, 2014
16:00 EDTTSLAOptions Update; July 10, 2014
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13:37 EDTTSLATesla says Supercharger network passed 1 GWh milestone in June
In June, Tesla’s Supercharger network passed a charging milestone by delivering more than 1 GWh of energy to Model S vehicles in a single month, the company announced on its corporate blog. "Tesla’s Supercharger network is now the largest fast-charging network on the planet. It’s also the world’s fastest-growing charging network," the company stated. Reference Link
10:05 EDTUNHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
09:36 EDTTSLAActive equity options trading on open
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08:43 EDTUNHUnitedHealth July volatility elevated into Q2 and guidance
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07:11 EDTUNH, AET, HUM, WLPAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:34 EDTTSLAChina exempts new energy cars from sales tax, Xinhua reports
China announced yesterday that new energy cars would be exempt from a 10% sales tax starting in September, according to Xinhua. The tax will not have to be paid by buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars from September 1, 2014 until the end of 2017, the news service quoted the Chinese government as saying. Tesla (TSLA), Volkswagen (VLKAY), and Kandi Technologies (KNDI) are among the companies that are poised to benefit from the decision. Reference Link
06:23 EDTWLP, UNH, HUM, AETHealth insurers moving away from fee for service model, NY Times reports
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05:43 EDTUNHUnitedHealth downgraded to Hold from Buy at Jefferies
Jefferies downgraded UnitedHealth to Hold with an $87 price target saying the market is already pricing in upside to Q2 estimates.
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