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Stock Market & Financial Investment News

News Breaks
February 8, 2013
16:23 EDTLNKD, MCD, MELI, CZR, NUAN, AAPLOn 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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January 15, 2015
15:02 EDTAAPLEarnings Preview: Jefferies refutes bear case on Intel
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14:07 EDTAAPLBank of America says 800,000 customers enrolled in Apple Pay
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13:06 EDTAAPLGoogle to stop selling Glass to individuals on January 19, WSJ reports
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13:01 EDTCZRCaesars unit bankruptcy stayed by Delaware bankruptcy judge, Reuters says
The bankruptcy filing for a Caesars Entertainment unit was issued a stay by a judge in Delaware, Reuters reports. The judge, who says the stay applies only to the company's operating unit, noted that the stay won't bar Caesars from seeking interim "first-day" orders, Reuters reports. Reference Link
11:36 EDTAAPLChina's Xiaomi targets iPhone users with new handset model, AP says
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11:08 EDTAAPLReport: Apple may include 2GB of faster RAM in iPhone 6s, MacRumors says
Apple may boost its internal RAM to 2GB and use "force touch" technology for its iPhone 6s, reports MacRumors. Citing a report from TechNews Taiwan, the RAM modules offer low power consumption and a significant performance increase from the 1GB used in the current iPhone 6 and iPhone 6 Plus. Reference Link
10:06 EDTAAPLApple falls, levels to watch
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10:00 EDTAAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTAAPLActive equity options trading
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08:30 EDTAAPLEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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08:15 EDTCZRApollo may have hard time with Caesar's 'fairness' test, Bloomberg says
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06:36 EDTMCDMcDonald's experimenting with new concepts in Australia, Reuters says
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06:21 EDTCZRGoldman Sachs helped Apollo in Caesar's restructuring deal, NY Post reports
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06:12 EDTAAPLTSMC sales likely to disappoint in Q2, DigiTimes reports
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06:06 EDTAAPLApple downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Apple to Neutral and maintained its $115 price target based on balanced risk/reward. The firm expects solid Q1 results on January 27 and for March outlook to be inline with consensus but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint.
06:05 EDTAAPLApple implied volatility of 39 at upper end of index mean range
05:32 EDTCZRCaesar's appoints Randall Eisenberg as Chief Restructuring Officer of CEOC
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05:31 EDTCZRCaesar's CEOC reports terms of restructuring
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05:28 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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05:26 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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