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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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September 8, 2014
07:35 EDTAMZNAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:15 EDTRHHBYIBC Life Sciences to hold a conference
10th Annual Cell Line Development & Engineering Conference to be held in Berkeley, California on September 8-10.
07:08 EDTCSIQCanadian Solar partners with Sichuan Development to launch solar investment fund
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September 7, 2014
14:29 EDTAMZNAmazon.com secures $2B credit arrangement
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13:57 EDTGSKGlaxoSmithKline Ebola vaccine works in tests on monkeys, Bloomberg says
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September 5, 2014
16:01 EDTAMZNOptions Update; September 5, 2014
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15:18 EDTEBAYeBay held talks about acquisition of start-up The Fancy, Bloomberg says
Start-up The Fancy, a curated e-retailer, has been holding discussions to sell itself for about $1B and has talked with eBay, said Bloomberg, citing people familiar with the matter. Reference Link
13:13 EDTAMZNAmazon India unit examined by regulators, WSJ says
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13:07 EDTRHHBYRoche has a conference call hosted by JPMorgan
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11:47 EDTEBAYOptions with increasing implied volatility
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10:33 EDTEBAYeBay moves lower, levels to watch
The shares are down 1.6% at time of writing to $53.55, just off the low of the session at $55.30. Support below is at $52.64, a prior pivot low on a closing basis. Resistance is at $54.09.
07:30 EDTEBAYApple iWallet would be positive for payment networks, says JPMorgan
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06:29 EDTAMZNAmazon, USPS launch grocery delivery service in San Francisco, WSJ reports
Amazon and the U.S. Postal Service have launched a grocery-delivery experiment in San Francisco, the Wall Street Journal reports. Amazon and USPS are already partners in Sunday deliveries, the publication notes. The Postal Service says it is testing AmazonFresh deliveries "to determine if delivering groceries to residential and business addresses would be feasible from an operations standpoint and could be financially beneficial for the organization." Reference Link]:[http://online.wsj.com/articles/u-s-mail-to-deliver-amazon-groceries-in-san-francisco-1409854499?mod=rss_Technology]
September 4, 2014
16:00 EDTAMZNOptions Update; September 4, 2014
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13:48 EDTCSIQGoldman says China announces new solar energy policies
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12:55 EDTEBAYeBay says not planning Paypal separation
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11:05 EDTEBAYOptions with increasing implied volatility
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09:35 EDTAMZNActive equity options trading on open
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07:52 EDTAMZNAmazon.com well-positioned to beat 2015 profit expectations, says Bernstein
Bernstein expects Amazon.com's 2015 profits and margins to beat expectations, driven by batter than expected category mix shift and greater scale. The firm raised its price target on the stock to $450 from $360 and keeps an Outperform rating on the shares.
06:22 EDTAMZN, EBAYeBay to meet PayPal estimates despite competition, says Piper Jaffray
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