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Stock Market & Financial Investment News

News Breaks
December 10, 2012
16:27 EDTPCLN, HPQ, INFI, MCD, ZGNX, UNXLOn The Fly: Closing Wrap
Stocks on Wall Street managed to cling to slight gains after a lack of fiscal cliff news coincided with a lack of trading volume. The focus on ongoing negotiations in Washington kept many investors on the sidelines again... ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Europe, Italy's benchmark bond yields spiked and its stock market fell sharply after Prime Minister Mario Monti's surprise announcement of his intention to resign, which will likely prompt early elections. In China, industrial output had its best growth rate since March, rising 10.1% in November from a year ago. However, exports slowed sharply last month, rising 2.9% year over year after growing at an 11.6% pace in October. Import growth was unchanged from a year earlier, growing 2.4%... COMPANY NEWS: On the Dow, McDonald's (MCD) reported its global same-store sales rose 2.4% in November, driven mainly by strong results in the U.S. Shares advanced 93c, or 1.05%, to $89.41 after the better than expected data. A move up in shares of fellow Dow member Hewlett-Packard (HPQ) was widely attributed to speculation that activist investor Carl Icahn is building a stake, though CNBC's David Faber disputed those rumors. HP's stock closed off its early day highs, but still added 35c, or 2.55%, to $14.16... MAJOR MOVERS: Among the notable gainers was Uni-Pixel (UNXL), up another $5.29, or 54.26%, to $15.04 after rising over 18% Friday. The company said Friday it reached a deal for its technology to be used by "a large PC manufacturer" and this morning Craig-Hallum raised its price target on shares to $22 from $13. Also higher were shares of Infinity Pharmaceuticals (INFI), up $4.83, or 21.42%, to $27.35 after announcing positive trial data and receiving an upgrade to Buy from Hold as Stifel Nicolaus. Among the noteworthy losers was Zogenix (ZGNX), down $1.21, or 51.27%, to $1.15 after an FDA advisory panel voted against recommending approval for its Zohydro ER pain relief drug. Also lower were shares of priceline.com (PCLN), down $33.14, or 5.03%, to $625.96 after the stock was downgraded at Deutsche Bank to Hold from Buy with the firm citing intensified competition in 2013... INDICES: The Dow was up 14.75, or 0.11%, to 13,169.88; the Nasdaq was up 8.92, or 0.30%, to 2,986.96; and the S&P 500 was up 0.48, or 0.03%, to 1,418.55.
News For MCD;HPQ;UNXL;INFI;PCLN;ZGNX From The Last 14 Days
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December 8, 2014
16:24 EDTMCDOn The Fly: Closing Wrap
Stocks on Wall Street were lower amid another drop in crude oil prices, which tumbled to five-year lows. The market opened slightly lower following weaker than expected data from China and Japan, with nothing of note on the domestic calendar to get buyers involved in the day’s activity. Near noon, the averages gained downside momentum and though the market pared its losses several times, it was never able to gain any steam to pull the indexes back into the green. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Asia, Chinese exports rose 4.7% from a year earlier in November, which missed the consensus estimate for an 8% increase. Chinese imports fell 6.7% from the prior year last month, compared with projections for a 3.8% increase. Additionally, Japan's revised third quarter gross domestic product estimate showed the economy shrank more than initially thought, with growth contracting an annualized 1.9%. COMPANY NEWS: Shares of Cubist Pharmaceuticals (CBST) surged $26.24, or 35.29%, to $100.60 after Merck (MRK) agreed to acquire the maker of next-generation antibiotics for $102 per share in cash, or $8.4B and the assumption of $1.1B in debt. A number of other antibiotic makers also climbed, including Tetraphase (TTPH), which rose $2.45, or 8.82%, to $30.24, and Cempra (CEMP), which advanced $1.64, or 11.37%, to $16.06, while shares of Merck finished fractionally higher, adding 39c, or 0.63%, to $61.88 following the deal announcement. MAJOR MOVERS: Among the notable gainers following their presentations at the American Society of Hematology, or ASH, annual meeting were Calithera Biosciences (CALA), which gained $2.38, or 22.52%, to $12.95, and Acceleron Pharma (XLRN), which jumped $5.11, or 13.6%, to $42.67. Among the noteworthy losers was McDonald's (MCD), which fell $3.70, or 3.84%, to $92.61 after the Dow member reported a 2.2% decline in global same-restaurant sales in November. Additionally, the fast-food giant warned that its fourth quarter results would be hurt by its sales pressures, supplier issues in China and a stronger U.S. dollar. Also lower were shares of Liquidity Services (LQDT), which plunged $2.77, or 27.0%, to $7.49 after the company disclosed that Wal-Mart (WMT) had terminated a deal to provide it with surplus merchandise. INDEXES: The Dow fell 106.31, or 0.59%, to 17,852.48, the Nasdaq dropped 40.06, or 0.84%, to 4,740.69, and the S&P 500 slipped 15.06, or 0.73%, to 2,060.31.
12:40 EDTMCDOn The Fly: Midday Wrap
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10:47 EDTINFIInfinity reports updated Phase 1 data from duvelisib study, says well tolerated
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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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07:28 EDTHPQFBN Securities to hold a bus tour
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06:42 EDTMCDMcDonald's coverage resumed with a Neutral at Goldman
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
14:31 EDTINFIInfinity Pharmaceuticals to hold a luncheon and data presentation meeting
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December 4, 2014
10:08 EDTINFIOn The Fly: Analyst Upgrade Summary
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08:44 EDTHPQCarbonite names Mohamad Ali as CEO
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06:32 EDTINFIInfinity Pharmaceuticals upgraded at Credit Suisse
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06:05 EDTINFIInfinity Pharmaceuticals upgraded to Outperform from Neutral at Credit Suisse
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December 3, 2014
10:19 EDTHPQOptions with decreasing implied volatility
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07:47 EDTHPQHP, Alcatel-Lucent announce expansion of global alliance
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07:14 EDTPCLNBusiness Insider to hold a conference
Business Insider IGNITION 2014 Conference is being held in New York on December 1-3 with webcasted company presentations to begin on December 3 at 8 am; not all company presentations may be webcasted. Webcast Link
06:20 EDTHPQHP, Telecom Italia announce commercial agreement
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