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Stock Market & Financial Investment News

News Breaks
January 17, 2014
16:32 EDTINTC, UPS, AXP, V, BBRY, MS, COF, SSNI, RDENOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow serving as the only index to close in the green following a post-earnings gain from American Express (AXP), as well as a strong session from Visa (V) which gained more than 4.5%. With today's close the S&P 500 served as the only major average closing the week with losses, though no index logged a weekly move greater than 0.4%. 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) fell 69c, or 2.60%, to $25.85 after last night reporting mixed fourth quarter results and fiscal 2014 guidance. The chipmaking giant reported earnings per share that missed estimates by 1c on revenue that narrowly beat expectations and said there were signs of stabilization in the personal computer market in the quarter. Intel's 2014 revenue guidance was somewhat disappointing, with the company saying it expects revenue to be flat compared to the just completed year... UPS (UPS) fell 58c, or 0.58%, to $99.91, closing well off its worst levels, after pre-announcing weaker than expected fourth quarter results. UPS estimated that its fourth quarter earnings per share would be $1.25, shy of analysts' estimates for $1.43. The shipping giant cited the compressed holiday shopping season and an "unprecedented" level of online shopping that featured a surge of orders at the very end of the season, which forced the company to take "extraordinary measures" that hurt profits. MAJOR MOVERS: Among the notable gainers was BlackBerry (BBRY), up 53c, or 6.19%, to $9.09 after short-selling blog Citron Research disclosed a long position on shares and put a "minimum" price target on the stock of $15, saying the stock's current position creates a "unique trading opportunity." Also higher following their quarterly reports were banking major Morgan Stanley (MS), up $1.40, or 4.38%, to $33.40, and credit card giant American Express (AXP), up $3.19, or 3.63%, to $90.97. Among the noteworthy losers was Capital One (COF), down $4.05, or 5.30%, to $72.39 after the company's fourth quarter profit came in below expectations and the stock was downgraded to Neutral from Positive at Susquehanna. Also lower were Silver Spring Network (SSNI), down $5.81, or 24.72%, to $17.69 and Elizabeth Arden (RDEN), down $6.54, or 18.96%, to $27.96, after both companies last night warned that their quarterly profit and sales would come in below expectations. INDEXES: The Dow was up 41.55, or 0.25%, to 16,458.56; the S&P 500 was down 7.19, or 0.39%, to 1,838.70; the Nasdaq was down 21.11, or 0.5%, to 4,197.58.
News For INTC;UPS;AXP;V;BBRY;MS;COF;SSNI;RDEN From The Last 14 Days
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October 10, 2014
07:56 EDTINTCIntel Q3 results may be near-term catalyst, says Stifel
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October 9, 2014
14:06 EDTAXPAmerican Express volatility increases into Q3 and outlook
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09:33 EDTCOFCapital One recommended into Q3 earnigns at Goldman
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07:03 EDTINTCIntel quarter to be in-line or modestly better, says Piper Jaffray
Piper Jaffray expects Intel's quarterly results on October 14 to be in-line to modestly above consensus. The firm's channel checks indicate PC demand trends will remain stable into year-end amid solid corporate demand. Piper reiterates an Overweight rating on Intel with a $37 price target.
October 8, 2014
16:56 EDTINTCGartner says worldwide PC shipments in Q3 declined 0.5%
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12:45 EDTSSNISilver Spring growth story intact, says Northland
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10:00 EDTINTCOn The Fly: Analyst Initiation Summary
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10:00 EDTSSNIOn The Fly: Analyst Downgrade Summary
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07:20 EDTMSCapital Link to hold a forum
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07:13 EDTMSBank dealers agree to revised derivatives rules, FT reports
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06:56 EDTMSBarclays lists several Large-Cap banks with the most Q3 upside
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05:25 EDTSSNISilver Spring downgraded to Neutral from Buy at Goldman
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October 7, 2014
16:33 EDTINTCIntel initiated with a Market Perform at Northland
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13:34 EDTINTCIntel October volatility elevated into Q3 and revenue outlook
Intel October call option implied volatility is at 35, November is at 28, December is at 24; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on October 14.
10:02 EDTBBRYOn The Fly: Analyst Initiation Summary
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09:17 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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08:06 EDTUPSUPS acquires i-parcel, terms not disclosed
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07:28 EDTMSWells Fargo ups price target ranges for capital markets banks
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06:51 EDTMSJustice Department set to attack more large banks by year end, NY Times says
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06:02 EDTVVisa's CIO leaves company to join Charles Schwab, Re/code reports
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