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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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October 17, 2014
08:54 EDTGEGeneral Electric says Oil & Gas orders volatile, some pushed out
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08:41 EDTGEGeneral Electric reports Q3 orders up 22% to $31.4B, backlog $250B
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08:36 EDTGEGE CEO sees 2014 Industrial organic growth at high-end of framework
General Electric Chairman and CEO Jeff Immelt speaking on the company's Q3 earnings conference call.
07:53 EDTAAPLFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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07:19 EDTMSMorgan Stanley reports Q3 Institutional Securities net revenues ex-DVA $4.3B
Wealth Management net revenues were $3.8B. Investment Management reported net revenues of $655M. Fixed Income & Commodities sales and trading net revenues were $997M. James P. Gorman, Chairman and CEO, said, “Morgan Stanley has delivered another quarter of earnings growth and strong performance based on consistent execution for our clients. We are well positioned to create superior returns for our shareholders, particularly as the U.S. economy continues to strengthen.”
07:18 EDTMSMorgan Stanley reports Q3 EPS 65c ex-DVA, tax benefit, consensus 54c
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07:17 EDTMSMorgan Stanley reports Common Equity Tier 1 capital ratio 14.3% at Sept. 30
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07:16 EDTMSMorgan Stanley says Q3 included net discrete tax benefit of 12c per share
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07:16 EDTMS Morgan Stanley reports Q3 EPS 77c ex-DVA, consensus 54c
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07:15 EDTGEGE repeats view for FY14 revenue flat to up 5%, consensus $148.89B
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06:37 EDTGEGeneral Electric on track to close sale of GE Money Bank in Q4
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06:36 EDTGEGeneral Electric on track to meet goal or $1B in structural cost-out for year
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06:36 EDTGEGeneral Electric targets complete exit from Synchrony Financial in late 2015
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06:35 EDTGEGeneral Electric reports Q3 industrial segment growth of 9% to $4.3B
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06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:34 EDTGEGeneral Electric reports Q3 EPS 38c, consensus 37c
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPLLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
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