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Stock Market & Financial Investment News

News Breaks
February 8, 2013
16:23 EDTMELI, CZR, NUAN, AAPL, LNKD, MCDOn The Fly: Closing Wrap
Stocks on Wall Street were higher on the day after the averages opened the day higher following a report showing the U.S. trade deficit shrank to its narrowest level in nearly three years. The averages traded in a narrow range after their initial move higher, with the S&P finishing above the 1,510 level while the Dow fell short of 14k... ECONOMIC EVENTS: In the U.S., the Commerce Department reported that the trade deficit shrank in December to its narrowest in nearly three years, falling to $38.5B, compared to expectations for a deficit of $46B. A separate report from the Commerce Department showed wholesale inventories fell 0.1% in December, versus forecasts for an increase of 0.4%. In China, the trade surplus narrowed slightly to $29.2B in January from a month earlier, but exports and imports both showed robust growth. Exports climbed 25%, while imports jumped 28.8%, both of which were ahead of expectations. Also, China's CPI was in line with forecasts at 2.0%. In Europe, German exports hit a record yearly high... COMPANY NEWS: McDonald's (MCD) reported January global same store sales fell 1.9%, and shares gained 24c, or 0.25%, to $94.87, though finished off their highs. The company's comparable sales were down during the month in the Asia-Pacific region and in Europe, but were up nearly 1% in the U.S... Apple (AAPL) gained $6.76, or 1.44%, to $474.98 after activist investor David Einhorn yesterday disclosed legal action against the company, prompting a response from Apple near the end of yesterday's session saying the board is in active discussions to return cash to shareholders. With today's gains, Apple shares added $21.36, or 4.71% on the week... MAJOR MOVERS: Among the notable gainers was Caesar's Entertainment (CZR), up $3.84, or 38.13%, to $13.91 after Nevada reported December statewide gaming win increase 10.24%. Today's advance followed yesterday's 18.47%, or $1.57 gain following reports that NJ Governor Chris Christie will allow the state to legalize Internet gambling.Also higher were shares of LinkedIn (LNKD), up $26.39, or 21.27%, to $150.48 after the company's Q4 report beat consensus estimates and the stock's price target was lifted by at least four analyst firms. Among noteworthy losers were shares of Nuance (NUAN), down $4.55, or 18.53%, to $20.00 after the company's FY13 guidance fell short of expectations and the stock was downgraded by at least three analyst firms. Also lower were shares of Mercadolibre (MELI), down $2.11, or 2.46%, to $83.73 after Bloomberg headlines said Venezuela would devalue its currency by 33% to 6.3 bolivars per dollar from 4.3... INDICES: The Dow was up 48.92, or 0.35%, to 13,992.97; the Nasdaq was up 28.74, or 0.91%, to 3,193.87; and the S&P 500 was up 8.54, or 0.57%, to 1,517.93.
News For MCD;AAPL;CZR;LNKD;NUAN;MELI From The Last 14 Days
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December 8, 2014
12:40 EDTMCDOn The Fly: Midday Wrap
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10:08 EDTMCDMcDonald's falls on weak November sales, levels to watch
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09:48 EDTMCDMarket begins lower, averages turns mixed in early trade
Stock futures trade below fair value throughout the pre-market trading session, leading to a lower open for the broader market. The Dow finished last week at an all-time high and just slightly below its next milestone level of 18,000, but it continues to be weighed on during early trading from McDonald's (MCD), which is down over 3% following its November sales report. In early trading, the Dow is down 17 points, the Nasdaq is up 7 points and the S&P is down 1 point.
09:38 EDTMCDMcDonald's sees Q4 margins 'significantly pressured' by top-line performance
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09:20 EDTMCDOn The Fly: Pre-market Movers
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07:59 EDTMCDMcDonald's reports November global comparable sales decreased 2.2%
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06:42 EDTMCDMcDonald's coverage resumed with a Neutral at Goldman
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 7, 2014
18:15 EDTCZRCaesar's REIT plan faces creditor resistance, WSJ says
Caesar's plan to convert its largest unit into a real-estate investment trust or REIT is facing some objections from creditors, muddling the casino operators ambition of reducing the unitís $18.4B debt, says the Wall Street Journal. Reference Link
December 5, 2014
11:23 EDTAAPLOption volume leaders
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09:36 EDTAAPLActive equity options trading
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08:12 EDTMELIMercadoLibre management to meet with Deutsche Bank
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
December 4, 2014
16:00 EDTAAPLOptions Update; December 4, 2014
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT
07:18 EDTMELIMercadoLibre management to meet with Deutsche Bank
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