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Stock Market & Financial Investment News

News Breaks
November 26, 2012
12:10 EDTHOGS, FB, WMT, DWA, ANAD, M, APO, ARO, YHOO, TGT, MHPOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, giving back some of the 4% advance seen last week by both the S&P and Nasdaq. With earnings season over, a budget agreement in the U.S. or a European deal on Greek aid may be awaited as the next market catalysts, and a lack of progress on either front may bring increased volatility... ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing survey for November came in at -2.8, versus forecasts for a +2.5 reading. Also, Mary Schapiro stepped down as the head of the Securities and Exchange Commission and President Obama appointed current SEC Commissioner Elisse Walter to take over the position. In Europe, the Bank of England named Mark Carney, who is currently the head of Canada’s central bank, as its next governor... COMPANY NEWS: McGraw-Hill (MHP) confirmed it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5B. McGraw-Hill, which said it will be renamed McGraw Hill Financial after the sale closes, saw its shares rise about 2% after trading resumed following the deal announcement... A number of major retailers, including Wal-Mart (WMT), Target (TGT) and Macy's (M), traded lower in spite of estimates from the National Retail Federation that consumer spending over the Thanksgiving weekend increased 13% from a year ago... Two tech names benefited from some positive analyst commentary as Facebook (FB) shares rose nearly 8% after Bernstein upgraded the stock to Outperform and BTIG raised its rating on the name to Neutral. Also, Yahoo! (YHOO) was upgraded to Conviction Buy from Buy at Goldman and shares responded by advancing about 1%... MAJOR MOVERS: Among the notable gainers were Anadigics (ANAD), up 17% following an upgrade to Buy at Needham, and Zhongpin (HOGS), up 15% after after agreeing to "go private" for a $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which slid almost 7% following a downgrade to Neutral at Janney Capital. Also lower were shares of DreamWorks (DWA), down over 5% after the stock was downgraded at Caris and Goldman said its estimates could be at risk due to the box office under-performance of "Rise of the Guardians"... INDICES: Near noon, the Dow was down 87.77, or 0.67%, to 12,921.91; the Nasdaq was down 5.80, or 0.20%, to 2,961.05; and the S&P 500 was down 8.29, or 0.59%, to 1,400.86.
News For MHP;APO;WMT;TGT;M;FB;YHOO;ANAD;HOGS;ARO;DWA From The Last 14 Days
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May 12, 2015
14:09 EDTMMacy's May volatility increases into Q1 and outlook
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12:44 EDTMEarnings Watch: Macy's sees FY15 EPS $4.70-$4.80, total sales up about 1%
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12:34 EDTYHOOOn The Fly: Top stock stories at midday
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11:47 EDTYHOOYouTube's engineering head Panchapakesan dies, Re/code reports
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11:14 EDTYHOOAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:31 EDTYHOOCantor sees higher bid for AOL unlikely, positive on Yahoo
Cantor Fitzgerald analyst Youssef Squali downgraded AOL (AOL) two notches to Sell from Buy after Verizon (VZ) agreed to acquire the company for $50 per share. Squali finds the takeover valuation "relatively fair" and believes a higher bidder for AOL is unlikely to emerge. The analyst believes the transaction could be positive for Yahoo (YHOO), which he views as the "last remaining large scale digital Media company of its kind." Squali has a Buy rating on Yahoo with a $60 price target.
09:38 EDTYHOOActive equity options trading on open
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09:14 EDTWMTApps World to hold a conference
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08:27 EDTWMTU.S. Chamber of Commerce to hold a summit
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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May 11, 2015
19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTFBOptions Update; May 11, 2015
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15:37 EDTAPOApollo in talks to acquire ASG, combine with Protection 1, Reuters says
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14:58 EDTAPOApollo Global in talks to buy ASG Securities, Reuters reports
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10:30 EDTFBFacebook management to meet with Pacific Crest
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09:37 EDTFBActive equity options trading on open
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09:01 EDTTGTLowe's acquires leases of 13 former Target stores in Canada
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06:12 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
May 10, 2015
17:45 EDTTGTJudge allows $19M Target data breach settlement to move ahead, Reuters says
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14:12 EDTWMTWhole Foods stock unlikely to outperform in near-term, Barron's says
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