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Stock Market & Financial Investment News

News Breaks
November 8, 2012
17:02 EDTMWW, JPM, PRSS, ITMN, PANL, MCDOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower for the second consecutive day, as concern over the fiscal cliff and uncertainty in Europe continues to loom over investors. Stocks opened the day slightly higher, but quickly moved into negative territory where they stayed for the rest of the trading session. Among the notable companies reporting earnings after the bell today are Walt Disney (DIS) and Nordstrom (JWN)... ECONOMIC EVENTS: Domestically, weekly jobless claims fell by 8,000 to 355,000, which was lower than expected, though the data was impacted by Hurricane Sandy. The U.S. trade deficit narrowed in September to $41.5B, as exports climbed 3.1 % and imports rose 1.5% as well. In Europe, the European Central Bank held its main interest rate at 0.75% and reiterated its willingness to make bond purchases to aid Spain, though the nation continues to resist asking for a bailout. The Greek Parliament passed austerity measures, but reports indicated that euro zone finance ministers may delay its next tranche of aid until they get a full report on the country’s compliance with the terms of its bailout... COMPANY NEWS: JPMorgan (JPM) announced that it has been given Federal Reserve approval to buyback up to $3B in stock in the first quarter of 2013, and the bank also disclosed that it had reached an 'agreement in principle' to settle certain probes from the Securities and Exchange Commission. Shares of JPMorgan fell slightly, declining 8c, or 0.2%, to $40.40... Fellow Dow member McDonald’s (MCD) said comparable store sales suffered their first monthly decline in nine years, falling 1.8% in October. Its shares were among the index's worst performers, falling $1.73, or 1.99%, to $85.13... MAJOR MOVERS: Among the notable gainers was InterMune (ITMN), up $1.36, or 16.67%, to $9.52 after the company's Q3 earnings beat consensus estimates and the stock was upgraded to Buy at Canaccord. Also higher was Monster Worldwide (MWW), up 58c, or 10.16%, to $6.29 following a stronger than expected earnings report and announcement of restructuring plans. Among the noteworthy losers was Universal Display (PANL), down $5.08, or 18.03%, to $23.10 after the company lowered its FY12 revenue view, and the stock received downgrades at Wedbush and Avondale, though defenses of the stock came out of JMP Securities and Cowen. Also lower were shares of CafePress (PRSS), down $1.33, or 21.28%, to $4.92 after the company reported disappointing earnings and guidance. INDICES: The Dow was down 121.41, or 0.94%, to 12,811.32; the Nasdaq was down 41.71, or 1.42%, to 2,895.58; and the S&P 500 was down 17.02, or 1.22%, to 1,377.51.
News For JPM;MCD;ITMN;MWW;PANL;PRSS From The Last 14 Days
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August 25, 2015
14:20 EDTJPMFormer JPMorgan analyst charged in $600,000 insider trading scheme
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12:20 EDTJPMOn The Fly: Top stock stories at midday
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11:12 EDTJPMNumerous analysts upgrade Bank of America amid market rebound
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10:03 EDTJPMChase, Enterprise Car Sales announce multi-year private-label agreement
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09:59 EDTJPMOn The Fly: Analyst Upgrade Summary
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09:35 EDTJPMActive equity options trading on open
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09:13 EDTJPMOn The Fly: Pre-market Movers
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07:28 EDTJPM, JPMJPMorgan upgraded to Buy from Outperform at CLSA
CLSA analyst Mike Mayo upgraded JPMorgan to Buy from Outperform with a $78 price target. Mayo said JPMorgan offers the most stable earnings of U.S. global banks for the past decade, a resilient balance sheet, and a dividend yield above the 10 year bond that implies outperformance 85% of the time historically.
August 24, 2015
18:02 EDTJPMS&P 500 enters correction territory amid global growth concerns
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07:34 EDTJPMJP Morgan volatility at high end of range
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August 21, 2015
08:40 EDTJPMCanadian Security Traders Association to hold a conference
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06:45 EDTMCDMcDonald's accused of mistreating employees in Brazil, Reuters says
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06:11 EDTMCDMcDonald's signs franchise deal with Russia's GiD, Reuters reports
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August 20, 2015
09:03 EDTJPMJPMorgan appoints General Ray Odierno as senior advisor
JPMorgan Chase & Co. announced the appointment of retired four-star General Raymond T. Odierno, former Chief of Staff of the U.S. Army, to a senior advisory capacity at the firm, effective September 1.
August 19, 2015
16:04 EDTPANLPangaea Logistics announces ten-year contract extension
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14:42 EDTJPMBanks cooperate on data company to lower costs, WSJ says
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08:06 EDTMWWMonster Worldwide and Journal Media Group partner for job search solution
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06:12 EDTMCDStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
August 18, 2015
16:58 EDTJPMJPMorgan in talks to settle investment bias charges for $150M, WSJ says
JPMorgan is in advanced discussions with the SEC to settle allegations that it inappropriately guided clients to its own investment products, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
06:16 EDTMCDFast food chains making new push with more fresh ingredients, WSJ says
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