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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:12 EDTIBM, GOOG, CREE, AMD, ISRG, COH, DGX, MAPP, AGNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the Dow was lifted by an advance in IBM (IBM) shares and the Nasdaq was similarly boosted by Google's (GOOG) outperformance. The S&P has been a laggard all morning, remaining near the flat line since the open, but is back in positive ground in afternoon trading... ECONOMIC EVENTS: In the U.S., the light economic calendar included the Home Price Index, which showed prices rose 0.6% in November, versus expectations for an increase of 0.7%. Also of note, the International Monetary Fund lowered its outlook for 2013 global output growth to 3.5% from 3.6%... COMPANY NEWS: IBM advanced over 5% at midday after its earnings report and guidance exceeded expectations. Google similarly reported earnings that beat consensus and price targets on its shares were raised all over The Street. Google advanced over 6% following the report... Among others reporting earnings last night and this morning, advancers included Cree (CREE), Advanced Micro Devices (AMD) and Intuitive Surgical (ISRG); decliners included Coach (COH) and Quest Diagnostics (DGX)... MAJOR MOVERS: Among the notable gainers not moving on earnings was MAP Pharmaceuticals (MAPP), which rose 58.6% to $24.71 after agreeing to be acquired by Allergan (AGN) for $25 per share. Allergan shares fell 1.2% following the announcement. Also lower were shares of Molycorp (MCP), which fell about 9% after disclosing it now sees Q4 and 1H13 production substantially lower than expected... INDICES: Near 1 pm ET, the Dow was up 67.87, or 0.49%, to 13,780.08; the Nasdaq was up 9.63, or 0.31%, to 3,152.81; and the S&P 500 was up 0.74, or 0.05%, to 1,493.30.
News For IBM;GOOG;CREE;AMD;ISRG;COH;DGX;MAPP;AGN From The Last 14 Days
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September 10, 2014
09:22 EDTGOOGOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
07:47 EDTCOHCoach upgraded to Overweight from Neutral at Atlantic Equities
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07:04 EDTGOOGGoogle to provide $145M investment in SunEdison's Regulus solar plant
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06:17 EDTGOOGGoogle holding discussions in Europe on 'right to be forgotten,' WSJ reports
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06:01 EDTCOHCoach upgraded to Overweight from Neutral at Atlantic Equities
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05:32 EDTGOOGCray appoints Steve Scott as Chief Technology Officer
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September 9, 2014
16:04 EDTAGNPershing Square reports 9.7% stake in Allergan, sends letter to board
Pershing Square Capital Management sent a letter to the board of Allergan that highlights several reasons why Allergan is extremely shareholder unfriendly and why now is the time for Allergan's management team to wake up. In the letter, Pershing Square said: "Since the bid was announced in April, 75% of Allergan’s shareholders have sold all or a portion of their investment including the company’s largest shareholder, which has sold its entire position. These shareholders are sending the board a message. They would not have sold if they believed that Allergan stock was worth more than current values... We note CFO Jeff Edwards recent decision to retire from the company at age 53 for family reasons, and his replacement by an investor relations executive rather than an experienced public company CFO. The notion that Allergan should execute the largest acquisition in its history led by an investor relations executive is a frightening proposition. While we respect an executive’s need to retire from a company for family reasons, Edwards exit also calls into question the company’s forward earnings guidance which shareholders expected him to execute on when the Company presented these projections on July 21st. I had expected that at some point one or more directors would have woken up and smelled the coffee. There is still time for a subset of directors to rescue their reputations by taking over leadership of this process from David Pyott and his handpicked advisors and doing what you are paid $400,000 per year to do on behalf of the company’s owners."
10:45 EDTAMDAMD says gaining share in commercial PC market is goal
The company is looking to "move up the stack" in the consumer PC space. Comments made at Deutsche Bank Technology Conference.
10:13 EDTCREECree calls active on takeover speculation
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09:52 EDTCREERumor: Cree strength attributed to takeover speculation
09:09 EDTGOOGGoogle's Nest says adds Dropcam to Works with Nest
Nest announced on its blog, "This year at CEDIA, we can announce our success - developers have come pouring in and Nest now works with a whole family of products. Today that family includes Dropcam and, at long last, leading whole-home automation systems. Over the last year, our focus has been connecting Nest Learning Thermostats and Nest Protect smoke and carbon monoxide alarms to the rest of your home... Now we’ve added Dropcam to Works with Nest. When your Nest Protect alarm goes off, Dropcam records a clip of the smoke or carbon monoxide event and saves it for you, regardless of whether you pay for Cloud Recording. And when you set your Nest Thermostat to Away and walk out the door, Dropcam automatically turns on motion alerts so you’ll know if anyone’s in the house. Our other major announcement at CEDIA is that Nest products now work seamlessly with URC, RTI, Crestron and Control4." Reference Link
09:06 EDTCOHJimmy Choo near London IPO with $1B valuation, Bloomberg says
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08:03 EDTIBMAspera, EVS and Elemental deploy HD live video streaming cloud system
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07:28 EDTGOOGThe Money Event, Inc to hold a conference
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07:26 EDTAMDDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link
07:17 EDTGOOGThe Wireless Association to hold a conference
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07:02 EDTCOHCoach names Gebhard Rainer as president and COO, effective September 29
Coach (COH) announced the appointment of Gebhard Rainer, as President and COO, effective September 29. Rainer joins Coach from Hyatt Hotels Corporation (H), where he most recently held the position of Executive Vice President and CFO. Rainer is filling a position that has been vacant since September 2013.
06:42 EDTAGNLew expects to make decision on combating inversion deals soon, NY Times reports
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06:20 EDTGOOGForrester: Apple could sell 10M iWatches this year, FT reports
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06:00 EDTAMDStocks with implied volatility top IV index mean; AMD YHOO
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