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Stock Market & Financial Investment News

News Breaks
March 23, 2012
16:28 EDTCPWM, BZH, KBH, BONE, AAPL, HOV, GLUU, BATS, LEN, KITDOn The Fly: Closing Wrap
Stock futures were quiet during the pre-market trading session, leading to a muted open for the broader market. The averages began the day mixed with the Nasdaq lagging the other major indices. The three major equity indices were mixed for most of the session, with the Dow and S&P moving into positive territory and the Nasdaq continuing to lag. Oil prices spiked as much as 3.0% higher during the day, but settled up roughly 1.6% as supply concerns took hold due to sanctions against Iran. Gold prices also moved higher as the U.S. dollar broke a level of support and North Korea launched a missile entering a full-fledged stage of action. ECONOMIC EVENTS: U.S. February new home sales dropped 1.6% to 313K units, missing expectations of a 1.3% increase. In Europe, Spain's borrowing costs rose over 5.5% again for first time since January... MARKET NEWS: Shares of KB Home (KBH) fell over 8% after its results missed expectations and its orders declined due to an increase in its cancellation rate. Other homebuilders including Lennar (LEN), Hovnanian (HOV), and Beazer (BZH) fell in sympathy with KB's report. BATS Global Markets (BATS) made its initial public offering, trading on its own exchange. However, it announced its stock would be halted until further notice following technical problems. Notable among its issues was a problem with Apple (AAPL), which traded 100 shares on the BATS exchange at $542.80 before a single-stock circuit breaker halted its trading…MAJOR MOVERS: Among the biggest gainers were Cost Plus (CPWM) which soared 16.5% to $18.66 after forecasting higher than expected Q1 revenue, and Glu Mobile (GLUU) which rallied 21% to $4.85 after Needham & Co. raised their rating on the shares to a "Strong Buy." The losers included Bacterin International Holdings (BONE) which tumbled 25.8% to $2.50 after announcing a wider than expected Q4 loss, and Kit Digital (KITD) which fell 22.3% to $6.33 after announcing four Board members had resigned. INDICES: The Dow rose 34.59 to 13,080.73, the S&P gained 4.33 to 1,397.11, and the Nasdaq added 4.60 to 3,067.92.
News For KBH;LEN;HOV;BZH;BATS;AAPL;CPWM;GLUU;BONE;KITD From The Last 14 Days
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November 10, 2014
12:42 EDTAAPLFireEye details hack attack found on Apple operating system
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12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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09:35 EDTAAPLActive equity options trading
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09:26 EDTKBHKB Home management to meet with JPMorgan
Meeting to be held in New York on November 14 hosted by JPMorgan.
08:08 EDTBZHBeazer Homes says Brian Beazer to step down as non-executive chairman
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07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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November 7, 2014
20:25 EDTGLUUGlu Mobile management to meet with Piper Jaffray
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16:00 EDTAAPLOptions Update; November 7, 2014
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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November 6, 2014
16:00 EDTAAPLOptions Update; November 6, 2014
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15:52 EDTAAPLApple appears to be crawling HTML sites with bot, AppleInsider says
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13:04 EDTAAPLEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.
09:40 EDTAAPLActive equity options trading
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06:40 EDTAAPLApple passes Samsung to become China's top mobile brand, CNet reports
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06:38 EDTAAPLApple may be planning glasses-free 3D display for next iPhone, MacRumors says
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06:22 EDTAAPLGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link
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