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Stock Market & Financial Investment News

News Breaks
December 26, 2012
12:10 EDTM, GOL, URBN, KORS, SKS, AMZN, LTD, COH, SHLD, MED, NFLX, GPS, JWNOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite a report that indicated U.S. home prices rose more than forecast in October. Volume is light due to the holiday, but also because investors are still anxiously seeking a resolution to the fiscal cliff standoff in Washington... ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of property values in 20 cities increased 4.3% in October from a year ago, versus expectations for a 4% gain. The Richmond Fed December manufacturing survey fell to 5 from a prior reading of 9. Analysts had forecast a drop to a reading of 8. In Europe, most markets were closed. Asian markets, particularly Japan's, traded broadly higher for a second-straight session, as the official appointment of Shinzo Abe as Japan's prime minister continued to drive down the Yen and lift Tokyo-traded share prices... COMPANY NEWS: Retail and apparel makers' stocks slid after reports indicated that holiday sales were likely weaker than expected. MasterCard's SpendingPulse unit estimated that retail sales from October 28 through Christmas Eve increased just 0.7% from a year ago. Separate data from retail consulting firm Customer Growth Partners estimated sales rose about 2.8%, which would make this the worst holiday-shopping season since 2009. Among the stocks performing significantly worse than their respective averages were Macy’s (M), Sears (SHLD), Saks (SKS), Nordstrom (JWN), Coach (COH), Michael Kors (KORS), Gap (GPS), Limited (LTD) and Urban Outfitters (URBN)... Netflix‘s (NFLX) streaming video service suffered an outage on Christmas Eve, which the company blamed on technical problems at Web service provider Amazon.com (AMZN)... MAJOR MOVERS: Among the notable gainers was GOL Linhas (GOL), a low-cost airline in Latin America which saw its U.S. listed shares rise 10% after the company announced late Friday that it has segregated the activities of its "Smiles" loyalty program, a business unit it previously said may be put up for an initial public offering. Also higher were shares of Herbalife (HLF), up over 6% after the Wall Street Journal said the company has hired a prominent law firm to assist in its fight with investor Bill Ackman. Among the noteworthy losers was Medifast (MED), down nearly 12% after the company's acting CFO resigned... INDICES: Near noon, the Dow was down 45.94, or 0.35%, to 13,093.14; the Nasdaq was down 21.00, or 0.70%, to 2,991.60; and the S&P 500 was down 7.93, or 0.56%, to 1,418.73.
News For M;SHLD;SKS;JWN;COH;KORS;GPS;LTD;URBN;NFLX;AMZN;GOL;MED From The Last 14 Days
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May 15, 2015
09:11 EDTNFLXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
09:04 EDTNFLXNetflix poised to open at all-time high above $600 per share
Shares of Netflix (NFLX) are up more than 3% in pre-market trading to trade near $606 per share after Bloomberg reported that the company is in talks with Wasu Media Holding, a Chinese media company backed by Alibaba (BABA) Executive Chairman Jack Ma, and other Chinese companies about forming a partnership to bring its content to China.
05:55 EDTNFLXNetflix in talks to enter China's online video market, Bloomberg reports
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05:52 EDTKORSStocks with implied volatility above IV index mean; KORS SPLS
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May 14, 2015
18:55 EDTAMZNAmazon in talks to expand Prime product selection, Re/code says
Amazon is in talks with select merchants to include products in the Prime two-day shipping program without requiring them to be stored in Amazon warehouses, reports Re/code, citing multiple people familiar with the program. The report notes that Amazon previously required that all Prime products be stored in the company's own warehouses, indicating that the move is a concession to sellers in exchange for improving the Prime experience. Reference Link
16:08 EDTJWNNordstrom up 1.4% after reporting Q1 results, guidance
16:07 EDTJWNNordstrom sees FY15 EPS $3.65-$3.80, consensus $3.79
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16:06 EDTJWNNordstrom reports Q1 EPS 66c, consensus 71c
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15:01 EDTJWNNotable companies reporting after market close
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14:44 EDTJWNNordstrom technical comments before earnings
The key technical feature on the chart ahead of results is a rounding top formation, which has bearish implications for future price. If the news is as bearish or more bearish than current expectations, then the downside support levels to watch would be at $73.29, $70.35, and $67.30. There is a line of support at $70 which was previously a consolidation phase from May to October of last year. If the news is bullish, the first significant resistance level would be at the 50-day moving average at $78.77. If there is a breakout above this average, next resistance would be at $80.80. A move to the $80 area would change the short-term trend to bullish, but longer-term the trend would be neutral.
13:44 EDTKORSMichael Kors weekly volatility elevated into Q4 and outlook
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13:28 EDTKORSIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
11:38 EDTNFLXNetflix has a small potential bullish pattern developing
On the daily chart there is a small potential bullish flag developing. The pattern won't become active unless there is a breakout above $585. The time until the pattern expires is likely by end of day tomorrow, meaning it could fail by time or price. If the pattern becomes active and completes, upside potential would be to the $625 to $630 area. A breakdown below the low of the flag portion of the pattern at $575 or lower would void the pattern.
10:00 EDTKORS, COHOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
10:00 EDTURBNOn The Fly: Analyst Upgrade Summary
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09:34 EDTNFLXActive equity options trading on open
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06:40 EDTURBNUrban Outfitters upgraded to Outperform from Market Perform at Telsey Advisory
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06:33 EDTCOHCoach initiated with a Neutral at Wedbush
Target $37.
06:33 EDTKORSMichael Kors initiated with a Neutral at Wedbush
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06:20 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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