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Stock Market & Financial Investment News

News Breaks
February 1, 2013
06:05 EDTC, BA, JPM, GPMCF, EADSY, BUD, DELLOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The JP Morgan Chase (JPM) trader known as the "London whale"--Bruno Iksil-- tried to alert others at the bank to mounting risks months before his bets ballooned into more than $6B in losses, sources say, the Wall Street Journal reports...Asian manufacturing data today suggested the region's economic recovery is continuing. HSBC's China PMI reached a two-year high of 52.3 from December's 51.5, while the official PFLP number fell to 50.4 from December's 50.6, the Wall Street Journal reports...REUTERS: Dell (DELL) is close to an agreement to sell itself to a buyout consortium led by its founder and CEO Michael Dell and private equity firm Silver Lake Partners, with a deal coming as soon as Monday, sources say, Reuters reports...Airbus (EADSY) studied alternatives to lithium-ion batteries for its next jet, the A350, and has time to adapt to any rule changes prompted by the problems that have grounded Boeing’s (BA) 787 Dreamliner, says CEO Fabrice Bregier, Reuters reports...BLOOMBERG: Anheuser-Bush InBev (BUD) may have to give up more control of U.S. beer distribution or sell a brewery to settle an antitrust lawsuit by the U.S. to block its $20.1B takeover of the rest of Grupo Modelo SAB (GPMCF), Bloomberg reports...Equity funds attracted six times the money that went into bonds in the week ended January 30, according to a Citigroup (C) report that cited EPFR Global data. Stock funds drew $18.8B, exceeding the $3B that went into bonds, as 58% of the equity inflows went into North American funds, with exchange-traded funds being the largest beneficiaries, the analysts wrote, Bloomberg reports.
News For JPM;DELL;EADSY;BA;BUD;GPMCF;C From The Last 14 Days
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January 27, 2016
16:01 EDTBAOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
14:30 EDTBABoeing added to short-term buy list at Deutsche Bank
13:40 EDTBUDKKR replaces Bain as suitor for Peroni, Grolsch brands, Reuters says
KKR (KKR) is replacing Bain Capital as a bidder for SABMiller's (SBMRY) Peroni and Grolsch brands, Reuters reporst, citing three sources familiar with the matter. KKR was not previously shortlisted as one of the final suitors for the brands being unloaded by AB InBev (BUD) to smooth its acquisition of SABMiller, the report says. Reference Link
12:11 EDTBAOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and proceed to lose additional ground after the open. Despite another disappointing weekly Department of Energy inventory report, which pointed to larger than expected builds of both oil and gas stockpiles, the price of crude moved higher in later morning trading, taking equities up with it. Fed watchers have zero expectation that the central bank will announce an interest rate hike later today, but are hoping for a dovish policy statement to be issued in conjunction with the end of the latest FOMC meeting. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision is due out at 2 pm ET and 100% of 104 analysts surveyed by Bloomberg were aligned in predicting no change to benchmark U.S. interest rates will be announced today. While their is no chance seen that the central bank will raise rates, the language in the statement will be closely examined for any clues on the Fed's thinking about when the next rate may be coming. COMPANY NEWS: Shares of Apple (AAPL) declined about 5% after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectation. The company was noted by several analysts as having a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, as that distinction goes to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted 7% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast. Conversely, United Technologies (UTX), which is also in the Dow and also involved in aerospace and defense, gained 2% after backing its adjusted earnings outlook for fiscal 2016. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which rallied 12% after the company and David Einhorn's Greenlight Capital agreed to new corporate governance initiatives, including appointing Claire Gogel to its board and amending its bylaws to provide that it will not make equity issuances for two years without supermajority vote of the board. Also higher were Commvault (CVLT), Hess (HES) and Biogen (BIIB), which gained 13%, 10% and 8%, respectively, after reporting quarterly earnings. Among the noteworthy losers was DreamWorks Animations (DWA), which fell 4.5% after the stock was downgraded to Sell at Topeka. Also lower were U.S. Steel (X), VMware (VMW), and Textron (TXT), which were down 12%, 8.5%, and 8%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 37.60, or 0.23%, to 16,204.83, the Nasdaq was down 9.88, or 0.22%, to 4,557.79, and the S&P 500 was up 9.54, or 0.5%, to 1,913.17.
11:27 EDTBAOptions with increasing call volume
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10:59 EDTBABoeing says Q1 revenue to be lowest of the year
Says FY16 revenue guidance reflects the planned transition to the 737 MAX, lower F/A-18 volume, reduced 747 production and timing deliveries. Continues to see revenue growth over the remainder of the decade with seven more commercial production rate increases planned. Expects commercial airplane deliveries to increase in 2017. Says on plan to increase 787 production rate to 12 per month by mid-2016. Sees R&D spending for 2016 to be approx. $3.6B. Sees FY16 CapEx $2.8B. Sees Q1 revenue the lowest of the year, core EPS about 20% of FY EPS guidance, Q1 cash flow "near breakeven."
10:49 EDTBABoeing says to cut 777 production to 7 per month starting in 2017
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10:47 EDTBABoeing: Strategies aligned with market 'realities,' opportunities
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10:47 EDTBABoeing says sees 'generally healthy' commercial airplanes marketplace
Expects tentative labor agreement reached earlier this month with Puget Sound-based engineering unit to derisk business going forward. Says investing to be ready for eventual upturn in defense market. Continues to see "generally healthy" commercial airplanes marketplace. Says "confident" in long-term recovery in the air cargo market and the upcoming replacement cycle where it sees approx. 240 large freighters that will be over 20 years old by 2019. Says to keep "watchful eye" on evolving market conditions to ensure that supply and demand are balanced. Seeing strong growth in Chinese airline traffic, says China market currently underserved by about 1,000 aircraft. Sees low-rate production decision on tanker by spring. Says that based on discussions with customers, low oil prices have not substantially changed their views on future fleet planning or commitment to existing delivery schedules. Says plans to raise 737 jetline output to 57 jets per month in 2019. Sees ongoing demand, backlog positions company for significant revenue, earnings, cash growth in years ahead. Comments taken from the Q4 earnings conference call. Boeing is down 9.42% to $115.79 in morning trading.
10:31 EDTBABoeing hits new 52-week low
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09:49 EDTBABoeing reports Commercial Airplanes backlog of $432B
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09:34 EDTBABoeing drops below key support at $120
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09:13 EDTEADSYUnited Technologies says slow GTF production ramp in 1H16
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09:12 EDTBAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
07:35 EDTBABoeing sees FY16 Commercial Airplanes deliveries 740--745
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07:33 EDTBABoeing reports Q4 Commercial Airplanes revenue $16.10B, 182 deliveries
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07:32 EDTBABoeing sees FY16 core EPS $8.15-$8.35, consensus $9.43
Sees FY16 revenue $93B-95B, consensus $97.17B. Sees FY16 operating cash flow of $10B.
07:32 EDTBABoeing reports Q4 operating cash flow $3.14B
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07:31 EDTBABoeing reports Q4 core EPS $1.60, consensus $1.27
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06:59 EDTBAOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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