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Stock Market & Financial Investment News

News Breaks
December 6, 2013
12:59 EDTINTC, JCP, ULTA, BIG, PSUN, BSX, MDCO, RALYOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday after more jobs than expected were added last month, dropping the unemployment rate to its lowest level since November 2008. The major averages were higher right at the open and have maintained their position throughout the morning session. The early strength was solidified by the much better than expected University of Michigan consumer confidence report. Since the market found a level it has moved in a narrow range, but it has been bumping the upper level of the range over as the lunch hour progressed. ECONOMIC EVENTS: In the U.S., employers added 203K jobs in November, which was significantly better than the 180K forecast. The headline unemployment rate, which was expected to dip to 7.2%, slip all the way to 7%. A report rescheduled after government shutdown showed that personal spending rose 0.3% in October, versus the expected increase of 0.2%, while income fell 0.1%, versus the expected increase of 0.3%. The Reuters/University of Michigan consumer sentiment index for December came in with a 82.5 reading that beat the 76.5 forecast. COMPANY NEWS: Shares of Intel (INTC) advanced nearly 3% after Citigroup upgraded the stock, based on stabilizing demand from corporations for personal computers. Also upgrading the stock was research firm Drexel Hamilton, which similarly cited improved PC demand as a reason for its upgrade. MAJOR MOVERS: Among the notable gainers following its earnings report was Pacific Sunwear (PSUN), which rose 22%. Also higher were shares of Boston Scientific (BSX), which gained over 4% after announcing a U.S. co-promotion agreement with The Medicines Company (MDCO) and having its shares upgraded to Outperform at Cowen. Among the noteworthy losers was J.C. Penney (JCP), which fell more than 5% after disclosing in a filing with the SEC that the company received a subpoena from the agency in September. Also lower following their earnings reports were Rally Software (RALY), which fell 23%, Ulta Salon (ULTA), which dropped 21%, and Big Lots (BIG), which slipped 13%. INDEXES: Near midday, the Dow was up 171.17, or 1.08%, to 15,992.68; the Nasdaq was up 34.26, or 0.85%, to 4,067.42; and the S&P 500 was up 18.77, or 1.05%, to 1,803.80.
News For INTC;JCP;ULTA;BIG;PSUN;BSX;MDCO;RALY From The Last 14 Days
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April 15, 2014
16:03 EDTINTCIntel sees Q2 revenue $13B, plus or minus $500M, consensus $12.96B
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16:02 EDTINTCIntel reports Q1 EPS 38c, consensus 37c
Reports Q1 revenue $12.8B, consensus $12.81B.
15:19 EDTINTCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 37c; Yahoo (YHOO), consensus 37c; CSX (CSX), consensus 37c; Linear Technology (LLTC), consensus 48c; Wintrust Financial (WTFC), consensus 67c.
15:10 EDTINTCIntel April 26 straddle priced for 4% move into Q1
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14:25 EDTINTCIntel April option elevated into Q1 and outlook
Intel April call option implied volatility is at 41, May is at 21, June and October is at 19; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the release of Q1 results today after the market close.
13:49 EDTINTCEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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11:53 EDTBSXVascular Solutions: Injunction against Boston Scientific's Guidezilla vacated
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09:23 EDTBSXBarclays medical supplies/devices analysts hold analyst/industry conference call
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April 14, 2014
10:02 EDTBSXOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
06:44 EDTBSXBoston Scientific upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Boston Scientific to Buy from Neutral. The firm upgraded shares given increased confidence in the pipeline, opportunities to increase margin, valuation, and expectations the FDA will approve the LAA product this year. Price target raised to $16.
06:18 EDTBSXBoston Scientific upgraded to Buy from Neutral at BofA/Merrill
Price target is $16.
06:11 EDTINTCIntel works with HzO to enhance water resistance in products, DigiTimes says
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06:04 EDTINTCIntel promoting pricing strategy for tablet CPUs in China, DigiTimes reports
Intel is aggressively promoting a pricing strategy to increase sales of its tablet-use processors in China, reports DigiTimes. According to industry sources, prices of mainstream quad-core tablet CPUs have dropped to below $5 and the number of Intel-based tablets is likely to expand in proportion. Reference Link
April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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12:42 EDTINTCOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
07:18 EDTINTCJefferies a buyer of Intel shares ahead of Q1 results
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April 10, 2014
18:34 EDTBSXBoston Scientific enrolls first patient in registry for evaluating Vercise DBS
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16:20 EDTINTCIntel initiated with a Neutral at ISI Group
Target $26.
12:10 EDTRALYRally Software management to meet with Roth Capital
Meeting to be held in San Francisco on April 14 hosted by Roth Capital.
06:13 EDTINTCIntel to launch Haswell Refresh CPUs, 9-series chipsets in May, DigiTimes says
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