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Stock Market & Financial Investment News

News Breaks
April 18, 2012
12:11 EDTIBM, ILMN, APH, CREE, TXT, URI, STX, HAL, YHOO, INTC, RHHBYOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as disappointment with the reports of two blue chip technology companies weighed on the market. Stock futures were slightly lower during the pre-market trading session, leading to a lower open for the broader market. The averages have struggled since the opening bell, with little in the way of economic data to distract investors from the latest round of earnings reports... ECONOMIC EVENTS: Domestically, the Mortgage Bankers Association reported mortgage applications were up 6.9% from a week earlier, driven by refinancing. Crude oil inventories grew more than expected, while gasoline and distillates inventories shrank more than analysts forecast... COMPANY NEWS: IBM (IBM), Intel (INTC) and Yahoo (YHOO) all reported earnings after the close yesterday that beat consensus expectations, but only Yahoo shares rallied following the announcements. The declines in IBM, which saw its revenues miss expectations and its shares fall 2.5%, and Intel, down 2% after its gross margins were worse than last quarter, weighed heavily on the Dow. In contrast, Yahoo gained 3% as its revenue grew for the first time since Q3 of 2008, as noted by Piper Jaffray... Among other companies reporting earnings, advancers included Halliburton (HAL), Seagate (STX) and United Rentals (URI); decliners included Textron (TXT), Cree (CREE) and Amphenol (APH)... MAJOR MOVERS: Among the notable gainers were Catalyst Health Solutions (CHSI), up 31%, and SXC Health Solutions (SXCI), up 7.5%, as both stocks benefited from plans to merge the companies in a cash and stock transaction that implies a purchase price of $81.02 per Catalyst share. Also higher were shares of THQ Inc. (THQI), up 36%, after the company raised its expectations for Q4 on strong sales of its "Saints Row" game. Noteworthy losers included Genworth (GNW), down 21%, after announcing it would delay the IPO of its Australian mortgage insurance business until early 2013, and Chesapeake Energy (CHK), down 10%, after Reuters reported that its CEO took out as much as $1.1B in unreported loans over the last three years which could raise the possibility of conflicts of interest. Also lower were shares of Illumina (ILMN), down 2.5%, after Roche (RHHBY) decided not to extend its $51 cash tender offer for the company... INDICES: Near noon, the Dow was down 47.34, or 0.36%, to 13,068.20; the Nasdaq was down 10.72, or 0.35%, to 3,032.10; and the S&P 500 was down 3.79, or 0.27%, to 1,386.99.
News For IBM;INTC;YHOO;HAL;STX;URI;TXT;CREE;APH;ILMN;RHHBY From The Last 14 Days
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July 17, 2014
16:09 EDTSTXSeagate falls after results, levels to watch
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16:08 EDTIBMIBM reports Q2 adjusted EPS $4.32, consensus $4.29
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16:02 EDTSTXSeagate reports Q4 EPS $1.10, consensus $1.10
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15:26 EDTIBM, STXNotable companies reporting after market close
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15:05 EDTIBMEarnings Preview: IBM reports after Apple deal, dividend hike
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14:52 EDTYHOOYahoo Sports, NBC Sports announce expanded fantasy football coverage
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13:58 EDTIBMIBM July 195 straddle priced for 3.3% move into Q2
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12:07 EDTIBMIBM technical comments ahead of earnings
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11:54 EDTSTXStocks with call strike movement; SNDK STX
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11:12 EDTYHOO, URIOptions with decreasing implied volatility
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10:00 EDTILMNOn The Fly: Analyst Initiation Summary
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09:40 EDTINTCActive equity options trading on open
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08:42 EDTYHOOCBS, Yahoo among potential CNN buyers if Time Warner divests, WSJ says
If Time Warner (TWX) were to divest CNN, which has been raised as a possiblity given the interest in Time Warner expressed by Fox News owner 21st Century Fox (FOXA), the "long list of potential buyers" would include CBS (CBS), Yahoo (YHOO) and Bloomberg LP, said The Wall Street Journal, citing media analysts and executives. Reference Link
08:14 EDTSTXSeagate July weekly volatility elevated into Q2 and outlook
Seagate July weekly call option implied volatility is at 47, August is at 31, September is at 26, December is at 25; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
08:08 EDTCREECree outlook has improved, says Wedbush
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07:51 EDTINTCSenate Finance Committee to hold a hearing
The Committee holds a hearing entitled, "The Role of Trade & Technology in 21st Century Manufacturing" with Vice President Sturm of Intel on July 17 at 10 am. Webcast Link
07:38 EDTIBMPratt & Whitney announce partnership with IBM
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07:27 EDTIBMFCC to hold a meeting
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06:20 EDTILMNIllumina initiated with a Buy at Citigroup
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05:56 EDTINTCStocks with implied volatility below IV index mean; LULU INTC
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