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Stock Market & Financial Investment News

News Breaks
April 19, 2013
12:22 EDTHPQ, PEP, MSFT, DELL, MCD, IBM, BX, MDLZ, GEOn The Fly: Midday Wrap
The Wall Street averages were mixed at midday in spite of declines in the shares of some of the biggest companies in the country following their earnings reports. The Dow's three worst performers near noon were IBM (IBM), General Electric (GE) and McDonald's (MCD) after all three reported earnings last night or this morning. Today is also options expiration day, which can add to volatility. The Dow managed to briefly cross into positive territory then slid back a bit, though the blue chip index is well off its worst levels despite IBM's sizable drag. ECONOMIC EVENTS: In the U.S., earnings were in focus as little impactful economic data was released. COMPANY NEWS: IBM missed expectations on the top and bottom line and the most-heavily weighted stock in the Dow slid over 7% in response. However, Citigroup attributed the Q1 miss to deal slippage and said the pullback was a buying opportunity, maintaining its $250 price target on IBM shares... Another tech heavyweight and Dow component, Microsoft (MSFT), advanced a bit over 3% after its own quarterly report... Nelson Peltz's Trian Fund disclosed increased stakes in PepsiCo (PEP) and Mondelez (MDLZ), spurring advances in both. Pepsi responded by acknowledging it has held talks with Trian in recent weeks and will consider the investment firm's ideas and initiatives... Shares of Dell (DELL) fell over 3.5%, and peer Hewlett-Packard (HPQ) slid 2%, after private equity firm Blackstone (BX) withdrew its takeover bid for Dell. MAJOR MOVERS: Among the notable gainers was Vertex Pharmaceuticals (VRTX), which rose 58% as firms around the Street upgraded or increased their price targets on its shares following new data from a trial of a cystic fibrosis drug candidate. Among the noteworthy losers were Air Methods (AIRM), which fell 13% after warning it expects to report losses for its first quarter, and Rambus (RMBS), which slipped 11% after its quarterly report. INDICES: Near noon, the Dow was down 12.98, or 0.09%, to 14,524.16; the Nasdaq was up 37.28, or 1.18%, to 3,203.64; and the S&P 500 was up 10.89, or 0.71%, to 1,552.50.
News For IBM;MSFT;GE;MCD;PEP;MDLZ;DELL;HPQ;BX From The Last 14 Days
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August 20, 2015
06:10 EDTBXWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
13:23 EDTHPQOptions with increasing call volume
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09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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08:05 EDTGEGE Capital unit selected by Bush Hog for financing solutions
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07:02 EDTHPQHewlett-Packard August volatility elevated into Q3 and outlook
Hewlett-Packard August call option implied volatility is at 86, September is at 38, January is at 29; compared to its 52-week range of 16 to 37 , suggesting large near term price movement into the expected release of Q3 results on August 20.
06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
06:12 EDTMCDStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
05:57 EDTHPQ HP implied volatility of 37 at upper end of index
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August 18, 2015
09:32 EDTGEGE unveils $100M-plus washer investment in Louisville plant
GE announced an investment of $100M-plus in a new top load washer design and expanded manufacturing capability at its laundry plant in Louisville. This marks the largest laundry launch for GE in 20 years and is another example of the company's continued commitment to U.S. manufacturing.
06:53 EDTBXPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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06:16 EDTMCDFast food chains making new push with more fresh ingredients, WSJ says
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August 17, 2015
16:00 EDTMSFTOptions Update; August 17, 2015
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:14 EDTHPQHP Q3 results have modest expectations at UBS
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08:02 EDTGEGE Healthcare wins FDA approval for low dose CT lung cancer screening
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07:56 EDTHPQHP Q3 results have modest expectations at UBS
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07:39 EDTDELL, MSFT, IBMTMC to hold a conference
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06:52 EDTHPQHewlett-Packard August volatility elevated into Q3 and outlook
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August 16, 2015
18:56 EDTMCDU.S. food chains see opportunity in a weakened Brazil, WSJ says
North American food chains including McDonald's (MCD), Dunkin' Brands (DNKN), Domino's Pizza (DPZ), Papa John's (PZZA), and Bloomin' Brands (BLMN) are expanding into Brazil in hopes to capture market share while local restaurants pull back amid the country's economic uncertainty, reports the Wall Street Journal. Brazilian economic troubles "make it more challenging, but it's also an opportunity... The Brazilian economy will improve, and we'll be in a position to take advantage of that," commented Patrick Murtha, president of the international arm of Bloomin' Brands. Reference Link
13:59 EDTIBMIBM product development strategy leaves cause for concern, Barron's says
IBM's hefty dividend and buyback programs have expended upward of 80% of operating cash flow in the past three years, and the company's "thin" R&D investments should give investors a "reason to be concerned," Barron's contends in its 'Technology Trader' column. Reference Link
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