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Stock Market & Financial Investment News

News Breaks
April 18, 2012
12:11 EDTYHOO, RHHBY, CREE, STX, INTC, ILMN, TXT, HAL, IBM, APH, URIOn 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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April 7, 2015
16:19 EDTHALHalliburton to separately market certain businesses for sale
Halliburton (HAL) announced it will separately market for sale the companyís Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling, or LWD,/Measurement-While-Drilling, or MWD, businesses. The final sale of these businesses will not be completed until the company has reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburtonís board and final approvals of the Baker Hughes (BHI) acquisition by competition authorities. Halliburton will operate as one company, including the businesses held for sale, until the sale of the identified businesses is complete. Halliburton expects to complete the sale of the businesses in the same timeframe as the closing of the pending Baker Hughes acquisition late in the second half of 2015.
15:03 EDTSTXSeagate April volatility elevated
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12:15 EDTYHOOYahoo volatility at low end historic range
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09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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09:35 EDTSTXActive equity options trading on open
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09:19 EDTIBMCLSA holds an analyst/industry conference call
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08:06 EDTSTXSeagate says LaCie doubles capacity of Rugged Thunderbolt SSD
LaCie, the premium brand from Seagate Technology, announced that its Rugged Thunderbolt storage solution will be available in a 1 TB SSD capacity. With double the storage, the new LaCie Rugged is just as portable with no size or weight increase compared to the 500 GB offering.
07:21 EDTILMNIllumina buy-side expectations may be too high, says UBS
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07:14 EDTRHHBYEyeforpharma to hold a summit
Philadelphia 2015 Commercial Pharma Summit is being held in Philadelphia on April 7-8.
06:31 EDTAPHCiti sees currency driving guidance cuts in technology supply chain
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06:31 EDTIBMIBM an unlikely target for activists, Reuters columnist says
Shareholders calling for activist investors to take aim at IBM are likely to be disappointed, according to a Reuters columnist. The company has already carried out a great deal of financial engineering, and it will probably need to spend heavily on R&D and invest in its business for a couple of years in order to turn itself around, the columnist believes. Reference Link
April 6, 2015
19:42 EDTYHOOSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
17:01 EDTINTCIntel to change financial reporting structure
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13:35 EDTSTXSanDisk climbs after being identified as 'excellent' takeover target
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10:39 EDTINTCQualcomm falls amid uncertainty about content in flagship Samsung phone
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10:18 EDTCREECree puts active on renewed takeover chatter
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10:07 EDTCREERumor: Cree moves up on renewed takeover chatter
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08:49 EDTTXTCPI Aerostructures receives $3M order from Textron Aviation
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08:22 EDTILMNBofA/Merrill life sciences analysts hold an analyst/industry conference call
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April 5, 2015
08:43 EDTSTXAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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