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Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:30 EDTFSLR, STRI, MCP, AGN, MAPP, COH, CREE, HLF, GOOG, IBM On The Fly: Closing Wrap
Stocks on Wall Street were higher following better than expected earnings from tech giants IBM (IBM) and Google (GOOG). Near midday, the House voted to extend the debt limit until May 19, as expected, and the markets did not react to the news. Eyes on the Street are focused on this evening's report from Nasdaq's largest component, Apple (AAPL)... 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 shares gained $8.64, or 4.41%, to $204.72 after its earnings report and guidance exceeded expectations. Google similarly reported earnings that beat consensus. A number of firms increased their price targets on shares, including Jefferies taking their target up to $875. Google advanced $38.63, or 5.5%, to $741.50 following its earnings report... Herbalife (HLF) was again in the news as Greenlight Capital's quarterly letter to investors made the rounds this afternoon. There was some speculation that the letter contained a veiled reference to a short position in Herbalife, however, The Wall Street Journal reported that Greenlight's David Einhorn told investors he does not currently have any bet on the stock. However, Einhorn admitted to profiting from a short position in Herbalife held in 2012 that has since been closed. Shares of Herbalife were down $1.13, or 2.56%, to $43.01 on the day... Among notable companies moving after reporting earnings were Cree (CREE), up $7.38, or 22.05%, to $40.85 after beating expectations, and Coach (COH), down $9.93, or 16.36%, to $50.75 after its earnings fell short of expectations and its Q4 SSS fell 2%... MAJOR MOVERS: Among notable gainers was MAP Pharmaceuticals (MAPP), which rose $9.13, or 58.6%, to $24.71 after it was announced last night that the company had agreed to be acquired by Allergan (AGN) for $25 per share. Allergan shares fell $1.10, or 1.04%, to $104.65 following the announcement. Among notable losers was Molycorp (MCP), which fell 95c, or 10.76%, to $7.88 after disclosing that the company sees Q4 and 1H13 production below expectations and shares were downgraded at Dahlman Rose. Also lower were shares of STR Holdings (STRI), down 79c, or 25.48%, to $2.31 after announcing last night that it expects to lose First Solar (FSLR) as a customer and shares were downgraded to Hold at Craig-Hallum... INDICES: The Dow was up 66.96, or 0.49%, to 13,779.17; the Nasdaq was up 10.49, or 0.33%, to 3,153.67; and the S&P 500 was up 2.22, or 0.15%, to 1,494.78.
News For IBM;GOOG;HLF;CREE;COH;MAPP;AGN;MCP;STRI;FSLR From The Last 14 Days
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September 18, 2014
07:21 EDTFSLRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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September 17, 2014
17:48 EDTGOOGNews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
12:17 EDTIBMIBM cuts pay by 10% for some employees, ComputerWorld reports
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10:04 EDTGOOGDiscover rumored to be eyed as target by Apple, Bank Innovation says
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08:23 EDTIBMIBM to hold a meeting
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08:18 EDTFSLRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:36 EDTFSLRWolfe Research to hold a conference
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06:19 EDTGOOGGoogle picks former Qualcomm exec to head Google Fiber, WSJ reports
Google (GOOG) has hired Dennis Kish, a former Qualcomm (QCOM) executive, to head Google Fiber, replacing Milo Medin, the Wall Street Journal reports. A Google spokeswoman confirms that Medin remains a VP for access services and adviser to the Google Fiber team. Reference Link
September 16, 2014
14:46 EDTIBMIBM launches 'Watson Analytics' tools for businesses
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11:51 EDTAGNOECD looks to close tax loopholes with new proposals
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10:52 EDTGOOGGoogle's Nexus 9 tablet may arrive on October 8, PhoneArena.com says
Google's Nexus 9 tablet may be unveiled on October 8, reports PhoneArena.com, citing a Portuguese report from 4G News. According to the source, the Nexus 9 will feature a Tegra K1 processor and may come equipped with 3GB of RAM rather than the previously rumored 4GB. Reference Link
09:59 EDTSTRIOn The Fly: Analyst Upgrade Summary
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09:25 EDTSTRIOn The Fly: Pre-market Movers
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09:03 EDTCREECree files lawsuits to protect LED component intellectual property
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08:14 EDTSTRISTR Holdings upgraded at Craig-Hallum
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07:49 EDTSTRISTR Holdings upgraded to Buy from Hold at Craig-Hallum
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07:19 EDTIBMCompanies' 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
06:16 EDTGOOGGoogle called on by Berlin to disclose search engine formula, FT reports
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05:37 EDTAGNValeant, Pershing Square, Allergan settle pending litigation before DE Court
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