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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:41 EDTINTC, NIHD, RDEN, BAIRY, AAWW, FDX, GE, MS, AXP, UPS, AAPLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday amid a pickup in the number of prominent earnings reports and a raft of domestic economic data. The averages opened lower as traders rolled out positions ahead of options expiration. Within minutes of the open, however, the bluechip Dow had recouped its losses and moved back into positive territory, powered by a strong post-earnings jump by American Express (AXP). ECONOMIC EVENTS: In the U.S., housing starts fell 9.8% to a rate of just under 1M in December, though that decline was roughly in-line with expectations. Building permits dropped 3.0% from the prior month, versus an expected decrease of 0.3%. Industrial production rose 0.3% in December, meeting the consensus forecast of economists. The preliminary January reading of the University of Michigan consumer sentiment index came in at 80.4, versus expectations for a 83.5 reading. JOLTS data showed job openings rose 70K in November to about 4M. COMPANY NEWS: Intel (INTC) shares were down more than 3% near noon after the company’s fourth quarter results and fiscal 2014 guidance painted a mixed picture. Last night, the chipmaking giant reported earnings per share that just missed estimates on revenue that narrowly beat expectations and said there were signs of stabilization in the personal computer market in the quarter. However, Intel provided disappointing revenue guidance for 2014, saying it expects revenue to be flat compared to this just completed year... Among other giant corporations that reported earnings last night or this morning, American Express advanced nearly 5%, Morgan Stanley (MS) gained over 4% and General Electric (GE) slipped more than 2%... UPS (UPS) shares slid 1.5% after the shipper pre-announced weaker than expected results. UPS estimated that its fourth quarter earnings per share would be $1.25, versus analysts' consensus estimate of $1.43. The shipping giant said the compressed holiday shopping season and the "unprecedented" level of online shopping that featured a surge of orders at the very end of the season forced it to take to take "extraordinary measures" that hurt its profits. FedEx (FDX) was also down 0.6% after the profit warning from its shipping peer... MAJOR MOVERS: Among the notable gainers was NII Holdings (NIHD), which surged 23% after announcing it reached a deal with Apple (AAPL) to offer Nextel customers in Brazil the iPhone 5s and iPhone 5c. Also higher was video game maker Electronic Arts (EA), which rose 11% after its stock was initiated with a Buy rating at CRT Capital and Cowen said the video game maker has a chance of beating December quarter guidance and Street estimates given its solid December sell through. Among the noteworthy losers was Atlas Air (AAWW), which dropped 15% after reporting British Airways (BAIRY) intends to return three aircraft in April. Also lower were shares of Elizabeth Arden (RDEN), which tumbled 15% after the company cut its second quarter earnings and revenue outlook. INDEXES: Near midday, the Dow was up 60.04, or 0.37%, to 16,477.05, the Nasdaq was down 4.43, or 0.11%, to 4,214.25, and the S&P 500 was down 0.62, or 0.03%, to 1,845.27.
News For INTC;UPS;AXP;MS;GE;FDX;AAWW;BAIRY;RDEN;NIHD;AAPL From The Last 14 Days
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August 19, 2014
09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:07 EDTRDENOn The Fly: Pre-market Movers
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07:48 EDTAXPAmerican Express upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded American Express to Neutral based on valuation. Price target remains $91.
07:37 EDTUPSUPS management to meet with William Blair
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07:17 EDTRDENElizabeth Arden says Rhone entered into standstill agreement
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07:16 EDTRDENElizabeth Arden reports Q4 adj. EPS ($1.04), may not compare to consensus (34c)
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07:16 EDTRDENElizabeth Arden: 1Q15 will be challenged by factors affecting recent quarters
Fiscal 2015 will be focused on stabilizing the business and will be the first year of a multi-year plan to rebuild profitability. The Company expects a modest improvement in adjusted earnings for fiscal 2015 over the prior year with continued improvement in fiscal 2016. Specifically, for fiscal 2015, the Company currently expects the following: The first quarter of fiscal 2015 will continue to be challenged by the same factors that affected recent quarters; Net sales headwinds to continue for the first half of fiscal 2015, resulting primarily from a lower level of product innovation as compared to the first half of the prior fiscal year; Net sales increases in the second half of the fiscal year versus the prior year period as the year-over-year product launch comparisons moderate and the Company begins to realize the impact of improved pricing; Gross margin expansion due to improved pricing, better mix, lower discounts and realization of reduced supply chain and product costs; Lower overall selling, general and administrative expenses, with some reinvestment of 2014 Improvement Plan savings to drive future growth; Improved EBITDA margins from gross margin expansion and lower selling, general and administrative expenses; Stronger cash flow from operations as a result of higher earnings and lower investment in inventory.
06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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06:22 EDTGEGeneral Electric in talks with Electrolux to sell appliance business, WSJ says
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August 18, 2014
16:00 EDTAAPLOptions Update; August 18, 2014
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15:26 EDTRDENNotable companies reporting before tomorrow's open
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10:29 EDTINTCGoldman cuts sector view on semiconductors to Cautious
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
08:30 EDTAAPLApple starts production of smartphones with sapphire screens, Guardian says
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08:04 EDTINTCSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
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07:07 EDTGEGeneral Electric reinstated with an Outperform at Credit Suisse
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06:47 EDTMSU.S. banks consider Ireland fitting spot for EU divisions, FT says
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06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
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