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Stock Market & Financial Investment News

News Breaks
April 19, 2013
16:35 EDTCMG, BX, GE, VRTX, DELL, MCD, AIRM, HPQ, IBMOn The Fly: Closing Wrap
Stocks on Wall Street were higher as the Dow, which had lagged behind the other equity indices for much of the session, crossed into positive territory during the final hour of trading. Earnings from McDonald's (MCD), General Electric (GE), and IBM (IBM) weighed on the index, while the Nasdaq and S&P advanced through the session as much of the nation's attention focused on the manhunt for the Boston Marathon bombing suspect. ECONOMIC EVENTS: In the U.S., earnings were in focus as little impactful economic data was released. COMPANY NEWS: IBM missed expectations on the top and bottom line and the most-heavily weighted stock in the Dow lost $17.15, or 8.28%, to $190.00. However, Citigroup attributed the Q1 miss to deal slippage and said the pullback was a buying opportunity, maintaining its $250 price target on IBM shares... Shares of Dell (DELL) fell 55c, or 3.94%, to $13.40 after private equity firm Blackstone (BX) withdrew its takeover bid for Dell citing concerns over declining PC sales. Dell peer Hewlett-Packard (HPQ) also lost 65c, or 3.22%, to $19.56 following the news. MAJOR MOVERS: Among the notable gainers was Vertex Pharmaceuticals (VRTX), which added $32.49, or 61.45%, to $85.36 after new data from a trial of a cystic fibrosis drug candidate prompted at least two analyst upgrades and a number of increased price targets on the stock. Also higher was Chipotle (CMG), up $37.89, or 11.54%, to $366.25 after its first quarter earnings beat expectations. Among noteworthy losers were Dow members General Electric, down 92c, or 4.06%, to $21.75, and McDonald's, down $1.99, or 1.95%, to $99.92, which both slipped after their earnings reports. Also lower was Air Methods (AIRM), down $6.14, or 13.38%, to $39.76 after warning it expects to report losses for its first quarter. INDICES: The Dow was up 10.37, or 0.07%, to 14,547.51; the Nasdaq was up 39.70, or 1.25%, to 3,206.06; the S&P 500 was up 13.64, or 0.88%, to 1,555.25.
News For MCD;GE;IBM;DELL;BX;HPQ;VRTX;CMG;AIRM From The Last 14 Days
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January 20, 2015
16:10 EDTIBMIBM reports Q4 Global Services segment revenue down 8%
Global Services segment revenues decreased 8% to $13.5B. Global Technology Services segment revenues decreased 8 percent (up 2 percent adjusting for the impact of the divested customer care outsourcing and System x businesses and for currency) to $9.2B. Global Business Services segment revenues were down 8% (down 3 percent, adjusting for currency) to $4.3B. Pre-tax income from Global Technology Services decreased 26% and pre-tax margin decreased to 15.6%. Global Business Services pre-tax income decreased 22% and pre-tax margin decreased to 16.4%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. The estimated services backlog at December 31, 2014 was $128B, flat year to year adjusting for the divested customer care outsourcing and System x businesses and currency.
16:07 EDTIBMIBM reports Q4 EPS $5.81, consensus $5.41
Reports Q4 revenue $24.1B, consensus $24.77B.
15:24 EDTIBMEarnings Preview: IBM estimates cut by Jefferies, BofA ahead of report
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15:21 EDTIBMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:28 EDTIBMIBM January weekly 155 straddle priced for 4.1% movement into Q4
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13:29 EDTIBMIBM technical notes ahead of earnings
The stock is trading close to its 52-week low and multi-year low at $150.50 ahead of earnings news. At the current price of $154.47 it would not take much in the form of negative news for that low to be tested. On a breakdown below $150, next support would be at $146.30, $141.18, and $135.23. If the news is not as negative as traders appear to be positioned for, the following resistance levels could become upside objectives: $159.45, $164.25, and $168.69.
12:55 EDTHPQThousands of HP employees protest new China head, China Daily says
About 2,500 employees of HP's (HPQ) China based subsidiary, H3C Technologies, have signed a petition against HP's new China chairman, Mao Yu'nan, according to China Daily. The employees fear that Mao will endanger H#C's autonomy and torpedo an employee stock option plan that has been in the works for some time, the newspaper stated. Reference Link
11:23 EDTGEEU to decide on GE, Alstom deal by February 23, Reuters reports
Antitrust regulators in the European Union will decide by February 23 whether to approve General Electric's (GE) planned acquisition of most of Alstom's (ALSMY) power equipment unit, Reuters reports. French authorities have already approved the planned deal after GE agreed to create jobs and form an energy joint venture with Alstom. Reference Link
11:13 EDTHPQHP looks to boost sales with specific tablets for professionals, Bloomberg says
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10:27 EDTBXSources: Blackstone to buy 36 apartment properties for $1.7B, Bloomberg reports
According to two sources, Blackstone will acquire 36 apartment properties across the U.S. that are being sold by Praedium Group for about $1.7B, Bloomberg reports. The properties, which contain about 11,000 apartments, are located in Washington, D.C., Boston, California and other cities. Reference Link
07:39 EDTIBMIBM January weekly volatility elevated into Q4 and outlook
IBM January weekly call option implied volatility is at 53, February is at 25, April is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
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January 19, 2015
12:56 EDTHPQHP-Autonomy investigation closed by U.K.'s Serious Fraud Office
The Director of the Serious Fraud Office has closed the SFO's investigation into the sale of Autonomy to the Hewlett-Packard company in 2011. This investigation was commenced in early 2013, following a referral from HP.In respect of some aspects of the allegations, the SFO has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction.In respect of other aspects and on the application of well-established principles, jurisdiction over the investigation has been ceded to the US authorities whose investigation is ongoing. Reference Link
January 16, 2015
06:10 EDTHPQGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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January 15, 2015
16:22 EDTBXNewStar Financial reports increase in loan orginations
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08:58 EDTIBMIBM January weekly volatility elevated at 39 into Q4 and outlook
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06:55 EDTHPQHP removed from short-term buy list at Deutsche Bank
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06:36 EDTMCDMcDonald's experimenting with new concepts in Australia, Reuters says
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06:01 EDTGEMcDermott and GE launch io oil & gas consulting
McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.
05:22 EDTGEGE Oil & Gas, McDermott launch io oil & gas consulting
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