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Stock Market & Financial Investment News

News Breaks
December 10, 2012
16:27 EDTINFI, MCD, ZGNX, UNXL, PCLN, HPQOn 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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January 23, 2015
08:02 EDTMCDMcDonald's sees FY15 CapEx $2B
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08:01 EDTMCDMcDonald's CEO: 2014 was a challenging year for McDonald's around the world
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08:00 EDTMCDMcDonald's reports Q4 global comparable sales down 0.9%
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07:59 EDTMCDMcDonald's reports Q4 EPS $1.13, consensus $1.22
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07:30 EDTMCDMcDonald's held accountable for franchisee decisions, sued for racism, WSJ says
Ten former McDonald's employees are suing the company for wrongful termination related to allegedly racist hiring practices in two Virginia locations, reports the Wall Street Journal. The lawsuit tests the implications of the National Labor Relations Board's recent decision to hold McDonald's responsible for franchisee decisions. Reference Link
07:21 EDTPCLNDeutsche cautious on travel stocks into Q4 results
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January 22, 2015
15:32 EDTMCDNotable companies reporting before tomorrow's open
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14:13 EDTMCDMcDonald's technical notes ahead of results
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12:25 EDTMCDEarnings Preview: McDonald's sees 7c-10c hit to Q4 EPS from China supplier issue
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10:05 EDTINFIHigh option volume stocks
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09:43 EDTINFIActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
January 21, 2015
17:27 EDTMCDMcDonald's franchisees expect sales decline, CNBC reports
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09:19 EDTMCDMcDonald's January volatility elevated into Q4
McDonald's January weekly call option implied volatility is at 48, February is at 25, March is at 21, June at 18; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q4 on January 23.
08:03 EDTHPQHP PC market share, sales seem to have risen, says Argus
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January 20, 2015
14:09 EDTPCLNOrbitz jumps after Bloomberg says company may be exploring sale
Shares of online travel agency Orbitz Worldwide (OWW) are jumping after Bloomberg reported that the company is exploring the possibility of selling itself. In a note to investors on January 7, research firm FBR Capital wrote that the company could be acquired for over $10 per share, WHAT'S NEW: Orbitz is exploring a potential sale and private equity firms have expressed interest in acquiring the online travel agency, Bloomberg reported today. ANALYST VIEW: On January 7, research firm FBR Capital estimated that Orbitz could be acquired for $10.27 per share. The firm noted that a trade publication, Tnooz.com, had reported that Orbitz could be considering selling itself. Expedia (EXPE) and Priceline (PCLN) could each pay a premium of 30%-plus for Orbitz and still see their profits rise from the acquisition, FBR added. It kept a $9 price target and Outperform rating on Orbitz. PRICE ACTION: In mid-afternoon trading, Orbitz climbed 69c, or 7.5%, to $9.85.
13:51 EDTPCLNOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTPCLNExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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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
11:13 EDTHPQHP looks to boost sales with specific tablets for professionals, Bloomberg says
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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
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