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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:19 EDTM, RHHBY, GSK, SNY, ITMN, KING, SEAS, EBAY, AMZN, CSIQOn The Fly: Closing Wrap
Stocks on Wall Street began the day in positive territory despite weaker than expected retail sales figures for July. Oil hit a new 13 month low during the session, suggesting to investors that concerns about the flow of oil from the Middle East are muted despite the turmoil in Iraq and Israel. The market found its level about an hour and a half into trading and the averages moved in a narrow range for the remainder of the session, but the Nasdaq's drift higher managed to add 1% to the index by the time trading closed. ECONOMIC EVENTS: In the U.S., retail sales were flat in July, versus an expected 0.2% increase. If auto and gasoline data is removed, the core reading showed an increase of 0.1%, versus the expected 0.4% rise. Business inventories grew 0.4% in June, which was in-line with expectations. In Asia, a measure of new credit in China came in at $44.3B in July, marking its lowest monthly total since October 2008. China's industrial production grew 9.0% year-over-year in the month, versus expectations for 9.2% growth. Japan's second quarter GDP fell an annualized 6.8%, which was slightly better than the expectation for a 7% decline. COMPANY NEWS: Macy's (M) declined $3.29, or 5.51%, to $56.47 after the department store operator's second quarter sales and profits missed expectations. Macy's also lowered its fiscal year same-store sales growth forecast to 1.5%-2% from its previous 2.5%-3% view, but said it still expects FY14 earnings per share of $4.40-$4.50... Amazon.com (AMZN) advanced $6.96, or 2.18%, to $326.28 after the company launched "Amazon Local Register," a credit-card device and mobile app to help small business owners accept payments that will go head-to-head with competing systems from Square and eBay's (EBAY) PayPal unit. Additionally, research firm ChannelAdvisor reported that Amazon's July same-store-sales grew 40.4%, an increase compared to June's 34.4% growth rate. Meanwhile, the firm estimated eBay's July same-store-sales grew 9.7%, which was down from June’s 12.3% rate and below the e-commerce growth rate, and its shares slipped 49c, or 0.92%, to $52.94. MAJOR MOVERS: Among the notable gainers was Canadian Solar (CSIQ), which rose $6.06, or 24.27%, to $30.13 after the company reported better than expected second quarter results. Also higher was InterMune (ITMN), which jumped $6.57, or 14.44%, to $52.06 after Bloomberg said the company is working with its financial advisers to evaluate takeover bids it has received from Sanofi (SNY), Roche (RHHBY), GlaxoSmithKline (GSK) and Actelion (ALIOF). Among the noteworthy losers was theme park operator SeaWorld (SEAS), which dove $9.25, or 32.86%, to $18.90 after negative media attention contributed to lower than expected second quarter attendance and drove its earnings per share and revenue to miss expectations. Also lower were shares of social video game maker King Digital (KING), which was downgraded by at least five Street research firms and dropped $4.21, or 23.13%, to $13.99 after its quarterly revenue missed expectations and the company lowered its outlook for its fiscal 2014 growth rates. INDEXES: The Dow rose 91.26, or 0.55%, to 16,651.80, the Nasdaq gained 44.88, or 1.02%, to 4,434.13, and the S&P 500 added 12.97, or 0.67%, to 1,946.72.
News For M;AMZN;EBAY;SEAS;KING;ITMN;SNY;GSK;RHHBY;CSIQ From The Last 14 Days
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October 14, 2014
06:42 EDTCSIQPV modules with solar-grade wafers to account for 89% of capacity, DigiTimes says
Solarbuzz says solar photovoltaic modules using solar-grade wafers will account for 89% of solar capacity forecast to be installed in 2014, reports DigiTimes. Thin-filmed panel makers will supply nearly 8% of end-market demand in 2014, while premium cyrstalline silicon suppliers making up the remaining 3% share. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL), Panasonic (PCRFY) and Yingli Green Energy (YGE). Reference Link
06:23 EDTAMZNAmazon.in, Future Group enter into a strategic partnership
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06:19 EDTAMZNGoogle expands Express delivery service, to charge membership fee
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06:01 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 13, 2014
16:02 EDTAMZNOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
13:10 EDTAMZNGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:37 EDTEBAYeBay initiated with a Sector Perform at Portales
11:24 EDTAMZNAmazon to create 1,000 new permanent jobs at UK fulfillment centers
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10:06 EDTMJ.C. Penney rises after selecting Home Depot executive as next CEO
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09:03 EDTAMZNAmazon says Prime members to get early access to select Lightning Deals
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08:31 EDTAMZNAmazon, Future Group in online sales pact, Economic Times reports
India's largest listed retailer, Future Group, has signed a deal to jointly sell items over the Internet with Amazon, reported Economic Times, which noted that Future will begin by selling apparel and then expand to in-house brands in the home, electronics and food categories. Reference Link
07:12 EDTGSKOligonucleotide Therapeutics Society to hold annual meeting
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06:15 EDTMJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
06:12 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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05:34 EDTCSIQCanadian Solar reports sale of 24.3 MWp of modules to EDF Renewable Energy
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October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 10, 2014
10:04 EDTEBAYXoom could be a acquisition of target of PayPal, says Monness Crespi
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07:04 EDTAMZNAmazon in talks to join digital locker for movies. WSJ reports
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06:35 EDTAMZNAmazon in discussions for Jabong acquisition, Economic Times says
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06:00 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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