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Stock Market & Financial Investment News

News Breaks
February 8, 2013
16:23 EDTMCD, AAPL, CZR, LNKD, NUAN, MELIOn 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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October 20, 2014
14:00 EDTAAPLEarnings Preview: Apple to report after iPhone 6, iPad Air 2 announcements
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13:57 EDTMCDMcDonald's October weekly volatility elevated into Q3 and outlook
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13:46 EDTMCDEarnings Preview: McDonald's sees 15c-20c hit to EPS from China supplier issues
McDonald's (MCD) is scheduled to report third quarter earnings before the open on Tuesday, October 21, with a conference call scheduled for 11:00 am ET. McDonald’s franchises and operates fast food restaurants globally.EXPECTATIONS: Analysts are looking for earnings per share of $1.38 on revenue of $7.19B, according to First Call. The consensus range for EPS is $1.31-$1.51 on revenue of $7.03B-$7.35B. LAST QUARTER: McDonald's reported second quarter EPS of $1.40 against estimates of $1.44 and revenue of $7.18B against estimates of $7.29B. McDonald's also reported global comparable sales relatively flat, with U.S. SSS down 1.5%, Europe SSS down 1% and Asia/Pacific, Mideast, Africa SSS up 1.1%. On its earnings conference call, the company forecast a 4c-5c negative impact on EPS from currency in 2014. The company said it did not anticipate any material changes to the operating environment in the second half of 2014, but said near-term results would likely remain "muted." NEWS: During the quarter, the company said it expected to return $18B-$20B to shareholders between 2014-2016 and that $3.2B year-to-date August had been returned. McDonald's also raised its quarterly dividend 5% to 85c per share. McDonald's said China supplier issues would negatively impact the quarter by 15c-20c largely due to a combination of lost sales, expenses associated with its recovery efforts and the impact of these items on the Q3 tax rate, which is expected to be above the company's outlook for the full-year tax rate of 31%-33%. McDonald's recently announced that Russia temporarily suspended nine of its restaurants in the country. STREET RESEARCH: UBS said its recent survey indicates McDonald's does not have a brand image issue, but rather an execution problem, which will need to be fixed to increase traffic. The firm has a Buy rating and $110 price target on shares. Morgan Stanley downgraded McDonald's to Equal Weight from Overweight due to weakening fundamentals combined with U.S. market share loss, and international pressures. Wells Fargo said McDonald's 5% dividend increase was below the Street's 7%-9% outlook and portends badly for the company's operating cash flow, willingness to increase leverage ratios and its capital intensity plans heading into 2015. PRICE ACTION: McDonald's shares are trading down almost 8% over the last three months and are near flat today ahead of the Q3 earnings report.
13:37 EDTAAPLApple may look to cut prices for Beats Music service by half, Re/code reports
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12:52 EDTMCDMcDonald's technical comments before results
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12:32 EDTAAPLCooperman says still owns Apple, analyst says buy more
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11:49 EDTAAPLSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprint’s 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
11:08 EDTAAPLApple October weekly volatility elevated into Q4
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11:06 EDTAAPLWalgreen begins accepting Apple Pay in stores
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10:55 EDTAAPLApple technical comments ahead of earnings
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09:36 EDTAAPLActive equity options trading on open
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09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:01 EDTAAPLOffice Depot stores now accept Apple Pay
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08:44 EDTAAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:32 EDTAAPLFirst Tennessee to offer Apple Pay
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08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
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06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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05:49 EDTNUANStocks with implied volatility movement; TLM NUAN
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October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
18:11 EDTMCDRussia temporarily suspends nine McDonald's restaurants in the country
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