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Stock Market & Financial Investment News

News For KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO From The Last 14 Days
Check below for free stories on KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO the last two weeks.
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April 16, 2014
16:07 EDTIBMIBM reports Q1 adjusted EPS $2.54, consensus $2.54
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15:17 EDTIBMNotable companies reporting after market close
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15:17 EDTIBMIBM April 195 straddle priced for 3.6% move into Q1
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15:07 EDTIBMIBM technical comments ahead of earnings
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12:47 EDTYHOOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
12:33 EDTIBMIBM sued for over $2.5B by Mexico's Iusacell, Reuters says
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12:30 EDTIBMEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
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11:08 EDTTAT&T, Volvo partner for in-car wireless connectivity
AT&T and Volvo Cars have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity. AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer. As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada. The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
10:51 EDTINTCOptions with decreasing implied volatility: DLLR FAST INTC
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10:49 EDTKOSodaStream rallies following report of talks to sell stake to American company
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10:00 EDTINTCOn The Fly: Analyst Downgrade Summary
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10:00 EDTYHOOOn The Fly: Analyst Upgrade Summary
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09:36 EDTFB, YHOOActive equity options trading on open
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09:28 EDTYHOOOn The Fly: Pre-market Movers
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09:01 EDTYHOOYahoo assumed with a Buy from Hold at Jefferies
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08:56 EDTIBMThe Hartford, IBM announce six-year technology services agreement
The Hartford (HIG) and IBM (IBM) announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The Hartford will move to a private cloud-based infrastructure on IBMís PureFlex System. Under the $500M agreement, IBM will also provide a number of other services related to mainframe, storage, backup and resiliency. The Hartford will define the services it requires, and IBM will be responsible for the solution and delivery of those services.
08:54 EDTYHOOYahoo upgraded to Buy from Hold at Gabelli
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08:20 EDTINTCIntel results, guidance were good, says Wells Fargo
Wells Fargo says that Intel's gross margin for its March quarter beat expectations, while the company guided for sequential revenue growth for its June quarter. The firm thinks the company is making some headway in penetrating the tablet market, and keeps an Outperform rating on the shares.
07:47 EDTYHOOAlibaba's growth quickens, U.S. IPO anticipated next week, Reuters says
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07:43 EDTINTCIntel price target raised to $35 from $32 at Jefferies
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