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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:41 EDTNIHD, AAWW, MS, INTC, RDEN, FDX, AXP, AAPL, BAIRY, GE, UPSOn 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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May 18, 2015
07:46 EDTAXPAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
07:29 EDTAAPLApple China growth underappreciated by investors, says FBR Capital
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07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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06:56 EDTGEGE, Emerson said to be mulling bids for Aveva, Sunday Times reports
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06:05 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 17, 2015
18:04 EDTAAPLApple acquires Coherent Navigation, NYT says
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May 15, 2015
18:37 EDTGEGeneral Electric awarded $105M government contract modification
General Electric - Aviation, Cincinnati, Ohio, has been awarded a $105M modification to previously awarded contract FA8650-09-D-2922 to cover the potential award of the Adaptive Engine Technology Development order. This additional research and the resulting data will further mature aircraft engine technologies and decrease risk to achieve a system level preliminary design review and subsequent Adaptive Engine Research Design compatibility review. Work will be performed at Cincinnati, Ohio, and is expected to be complete by Nov. 3, 2016. Funds will be obligated if additional in-scope work is awarded. Air Force Research Laboratory, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
16:01 EDTAAPLOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
12:13 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTFDXThird Point reports new stakes in Yum! Brands, FedEx, McKesson
12:03 EDTAXPAmerican Express reports April net write-off rate 1.5% vs. 1.5% last month
Reports April 30 days past due loans 0.9% vs. 1.0% last month.
11:28 EDTAAPLSpotify to roll out streaming service next week, CNBC reports
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11:08 EDTAAPLOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
10:23 EDTAAPLQuanta says Apple Watch yield rate no longer an issue, DigiTimes reports
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10:01 EDTUPSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL TWTR TSLA NFLX FB
06:33 EDTFDXJudge denies FedEx motion on drug charges, Reuters says
A judge denied FedEx's motion to dismiss charges that it was involved in distributing controlled substances, according to Reuters. The company is accused by the Justice Department of shipping packages from illegal online pharmacies, the news service stated. Reference Link
06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
06:03 EDTGEStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
05:46 EDTUPSUPS upgraded to Buy from Neutral at Goldman
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