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Stock Market & Financial Investment News

News Breaks
April 4, 2012
12:10 EDTIBM, GE, YHOO, PPO, GM, DDIC, VIAS, SNDK, WBMDOn The Fly: Mid-Day Wrap
Stocks on Wall Street were sharply lower at mid-day, as the slide that began after yesterday's release of the Federal Open Market Committee minutes deepened. The comments which sank the market revolved around the lack of additional stimulus unless the economy faltered, ruling out at least for the time being any semblance of further quantitative easing. Though Fed Chairman Bernanke said as much last month, the market reacted strongly late yesterday and again today after digesting the implications further. The economic data released today was generally in line with expectations but did little to improve the dour tone of the market... ECONOMIC EVENTS: In the U.S., ADP said the private sector added 209K jobs in March, just exceeding forecasts for the addition of 206K jobs. The ISM non-manufacturing index had a reading of 56.0, versus expectations for 56.8. Crude oil inventories built up by much more than expected, growing by 9M barrels. In Europe, Spain's bond yields rose following the country's first auction after its new austerity budget had been announced. Also, the European Central Bank left its benchmark rate unchanged at 1.0%... COMPANY NEWS: IBM (IBM) shares were downgraded to Neutral from Buy at Bank of America's Merrill Lynch, which cited valuation and limited earnings upside in the near-term, though the firm did raise its price target on the stock to $215 from $205... Moody's downgraded the debt ratings of General Electric (GE) and its finance unit, General Electric Capital Corporation... Yahoo! (YHOO) confirmed that it will cut about 2,000 jobs as part of a restructuring that its new CEO Scott Thompson said will result in a "smaller, nimbler, more profitable" company... MAJOR MOVERS: Among the notable gainers were Polypore (PPO), after William Blair said General Motor's (GM) decision to restart Volt production earlier than planned could be a positive for the battery component supplier, and DDi Corp. (DDIC), on news it will be acquired by Viasystems Group (VIAS) for $13 per share. Noteworthy losers included SanDisk (SNDK), after the company lowered its Q1 revenue guidance, and WebMD (WBMD), after the company said it expects to acquire about 5.77M shares of its common stock at a price of $26.00 per share pursuant to its completed modified "Dutch auction" tender offer... INDICES: Near noon, the Dow was down 145.95, or 1.11%, to 13,053.60; the Nasdaq was down 53.46, or 1.72%, to 3,060.11; and the S&P 500 was down 15.89, or 1.12%, to 1,397.49.
News For IBM;GE;YHOO;PPO;GM;DDIC;VIAS;SNDK;WBMD From The Last 14 Days
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September 19, 2014
08:03 EDTSNDKInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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07:25 EDTYHOOFutures higher ahead of Alibaba trading
Stock futures are higher following Scotlandís decision to remain in the UK. Investors will now turn their attention to the initial public offering of Chinese internet company Alibaba (BABA), which raised $21.8B, making its IPO the largest in U.S. history. It is anticipated that investors are likely to push the stock price higher when it opens. The lone major domestic economic report due to be reported today is the index of leading economic indicators, which is due out at 10:00 am ET.
07:09 EDTGMGeneral Motors to launch new Cadillac sedan next year, AP reports
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07:03 EDTYHOOYahoo volatility elevated on Alibaba 320.1M shares IPO priced at $68
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06:58 EDTYHOOYahoo price target raised to $43 from $39 at Cantor
Cantor increased its price target on Yahoo to reflect the pricing of Alibaba's (BABA) IPO at $68 per share. The firm adds that a tax-efficient sale of Yahoo's second tranche of Alibaba shares could cause the U.S. company's stock price to reach $53-$58. Cantor keeps a Buy rating on Yahoo.
06:05 EDTYHOOYahoo laying off 59 San Diego-area employees, Re/code reports
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06:00 EDTIBMStocks with implied volatility top IV index mean; AMD IBM
Stocks with implied volatility top IV index mean; AMD (AMD) 55, IBM (IBM) 61 according to iVolatility.
05:54 EDTYHOOYahoo price target raised to $48 from $44 at Piper Jaffray
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September 18, 2014
18:07 EDTYHOOAlibaba 320.1M share IPO priced at $68
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15:42 EDTYHOOYahoo September 42 straddle priced for 5.7% move into Alibaba IPO
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15:17 EDTYHOOYahoo volatility elevated into Alibaba IPO
Yahoo (YHOO) September call option implied volatility is at 104, September weekly is at 76, October is at 55, November is at 43, January is at 34; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into the expected IPO of Alibaba (BABA) on September 19.
11:03 EDTYHOOYahoo September 42 straddle priced for 5.9% move into Alibaba IPO
11:01 EDTYHOOYahoo volatility elevated into Alibaba IPO
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10:02 EDTGMGeneral Motors to recall 3,200 natural gas-fueled vans, WSJ reports
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09:36 EDTYHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
09:34 EDTIBMAT&T extends NetBond security services to IBM SoftLayer platform
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08:12 EDTYHOOYahoo volatility elevated into Alibaba IPO
Yahoo (YHOO) September call option implied volatility is at 99, September weekly is at 77, October is at 59, November is at 46, January is at 39; compared to its 26-week average of 37 according to Track Data, suggesting large price movement into the expected IPO of Alibaba (BABA) on September 19.
07:25 EDTIBMActuate to hold a webinar
Database Trends & Applications Webinar will be held on September 18 at 2 pm. Webcast Link
06:52 EDTGEGeneral Electric shares attractive at current levels, says Barclays
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05:58 EDTYHOOStocks with implied volatility above IV index mean; YHOO BWP
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