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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:37 EDTGRPN, STRA, PCLN, DIS, DTSI, KYAK, JCP, ISISOn the Fly: Closing Wrap
Stocks on Wall Street were fractionally higher on the day, putting an end to consecutive selloffs following Tuesday night's election, and capping a volatile week for the averages. Stocks opened the day lower but quickly moved into positive territory, and while a mild selloff during President Obama's midday remarks regarding the fiscal cliff sent the market lower, the averages were able to maintain some gains and finish positive for the session... ECONOMIC EVENTS: In the U.S., import prices rose 0.5% in October from the prior month, versus expectations for them to be flat. The preliminary University of Michigan consumer sentiment reading for November came in at 84.9, versus the expected 82.9. Wholesale inventories were reported to have increased 1.1% in September, versus expectations for an increase of 0.4%. Also, the Congressional Budget Office estimated that going over the fiscal cliff would cut U.S. economic output by about 3%, driving the nation back into recession next year. President Obama made his first public comments since the election regarding the fiscal cliff and said that he would not accept a deficit reduction plan that did not include revenue hikes. However, Senate Minority Leader Mitch McConnell said Republicans would not agree to increased taxes for any payers... COMPANY NEWS: Shares of J.C. Penny (JCP), Walt Disney (DIS), and Groupon (GRPN) all traded lower following the release of their quarterly earnings. Shares of J.C. Penny were down $1.05, or 4.84%, to $20.64 after the company's EPS and revenue both missed consensus estimates and the company reported same store sales were down 26.1% in Q3. Disney fell $2.98, or 5.96%, to $47.06 after reporting their quarterly earnings after yesterday's close. Shares of Groupon were down $1.16, or 29.59%, to $2.76 after earnings missed consensus estimates and the stock received at least four analyst downgrades and three lowered price targets... MAJOR MOVERS: Among the notable gainers were shares of Kayak Software (KYAK), up $8.63, or 27.80%, to $39.67, after agreeing to be acquired by Priceline.com (PCLN) in a stock and cash transaction equivalent to $40 per share of Kayak stock. Shares of Priceline were fractionally lower after the announcement, down $2.00, or 0.32%, to $625.87. Also higher on the day were shares of Isis Pharmaceuticals (ISIS), up $1.11, or 14.47%, to $8.78 after the stock was upgraded to Outperform from Neutral at Cowen, citing a favorable valuation and optimism surrounding its antisense platform and pipeline. Among noteworthy losers were shares of DTS Inc (DTSI), down $5.82, or 28.23%, to $14.80 after the company reported earnings that missed consensus estimates and lowered its FY12 and FY13 revenue view. Also lower were shares of Strayer Education (STRA), down $9.66, or 17.20%, to $46.51 after its full-year earnings outlook was well below consensus estimates and the company suspended its dividend... INDICES: The Dow was up 4.07, or 0.03%, to 12,815.39; the S&P 500 was up 2.34, or 0.17%, to 1,379.85; the Nasdaq was up 9.29, or 0.32%, to 2,904.87.
News For JCP;DIS;GRPN;KYAK;PCLN;ISIS;DTSI;STRA From The Last 14 Days
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April 22, 2014
18:30 EDTDISDISH to launch internet-TV service this summer, Bloomberg says
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14:30 EDTISISIsis Pharmaceuticals to hold an investor event
Management hosts an investor event to discuss the ISIS-SMN Rx data presented at the 2014 American Academy of Neurology's Annual Meeting in Philadelphia on April 29 at 6 pm. Webcast Link
05:47 EDTJCPStocks with implied volatility movement; JCP CRM
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April 21, 2014
07:18 EDTDISDisney sees cable networks generating operating income growth, Reuters says
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06:35 EDTDIS'Captain America' ranks first for third straight weekend, Bloomberg says
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April 17, 2014
16:05 EDTDISAmazon Fire TV's voice search partners with Hulu, Crackle, Showtime Anytime
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April 16, 2014
06:27 EDTDISNBCUniversal planning digital video push
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April 15, 2014
10:42 EDTPCLNPriceline CEO says Facebook, Twitter ads don't work, Bloomberg reports
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10:10 EDTDISMaker Studios stays with Disney offer, Re/code says
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April 14, 2014
17:53 EDTDISMaker Studios stays with Disney offer, Re/code says
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13:03 EDTDISRelativity Media looks to outbid Disney for Maker Studios, Bloomberg says
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08:53 EDTGRPNGroupon May volatility elevated at 74 into Q1 and outlook
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07:09 EDTDISWalt Disney May volatility elevated into investor day
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06:54 EDTPCLNPriceline Q1 bookings should meet or exceed guidance, says Cantor
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06:47 EDTDIS'Captain America' surpasses "Rio 2' in weekend box office, LA Times says
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06:12 EDTPCLNPriceline recent pullback a buying opportunity, says Piper Jaffray
Piper Jaffray views the recent pullback in shares of Priceline as a buying opportunity. Piper believes Priceline's near-term fundamentals have not changed and it reiterates an Overweight rating on the stock with a $1,475 price target.
April 11, 2014
14:26 EDTJCPCBL & Associates expects more J.C. Penney closures
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12:44 EDTPCLNHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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10:56 EDTGRPNOptions with increasing implied volatility: CYTK VJET DATA GRPN CTRP
10:38 EDTDISDisney to host investor day
Investor Day to be held on April 17 at 12:30 pm. Webcast Link
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