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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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May 20, 2015
07:12 EDTMCDMcDonald's annual meeting expected to be greeted with protests, Reuters says
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05:56 EDTMCDStocks with implied volatility movement; MCD USO
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May 19, 2015
12:55 EDTHPQPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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09:58 EDTPCLNOn The Fly: Analyst Initiation Summary
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08:13 EDTMCDUnion group asks FTC to probe McDonald's, other big franchisers, WSJ reports
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06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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05:36 EDTPCLNBooking.com implements new parity provisions in Germany
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May 18, 2015
14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:22 EDTINFIUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 18 at 8 am; not all company presentations may be webcasted. Webcast Link
May 15, 2015
16:01 EDTMCDOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
12:15 EDTMCDMcDonald's call activity attributed to activist speculation
McDonald's May 97.5 and 98 calls are active eon total call volume of 56K (4K puts) on activist speculation. May call option implied volatility is at 18, May weekly is at 17, June is at 18, September is at 19; compared to 90-day average of 19 according to Track Data, suggesting large near term price movement.
11:09 EDTMCDRumor: McDonald's move higher attributed to activist speculation
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11:00 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:40 EDTHPQHP split to be positive catalyst, says Deutsche Bank
Deutsche Bank believes HP's split will be a positive catalyst for shares this year. It views the stock as attractively priced ahead of the Q2 results on May 21 and says HP remains a top pick for 2015. Deutsche has a Buy rating on the name with a $45 price target.
May 14, 2015
09:40 EDTHPQHP upgraded to Buy from Hold at Cross Research
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06:15 EDTHPQHP Q2 sales weakness largely expected, says Citigroup
Citigroup believes HP's Q2 revenue on May 21 could miss the consensus expectation of $25.8B due to PC weakness and currency pressure. Citi thinks sales weakness is largely expected, however. The firm says HP shares "will start to work again" as management will likely address and quantify the additional costs of operating as two separate companies. Uncertainty around the size of the dis-synergy costs has been a key factor behind the stock's recent underperformance, Citi believes. It keeps a Buy rating on HP with a $41 price target.
May 13, 2015
17:25 EDTINFIInfinity Pharmaceuticals to present new data for duvelisib at ASCO
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12:43 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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