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Stock Market & Financial Investment News

News Breaks
November 26, 2012
12:10 EDTMHP, ARO, HOGS, ANAD, YHOO, FB, M, TGT, WMT, APO, DWAOn 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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October 10, 2014
10:07 EDTFBFacebook, peer-to-peer lending groups in discussions, The Information says
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09:37 EDTWMTWal-Mart upgraded to Buy from Neutral at Gilford Securities
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08:05 EDTAPO21st Century Fox, Apollo Global agree to form content joint venture
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08:03 EDTAPO21st Century Fox, Apollo Global form content joint venture
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07:57 EDTFBFacebook, India Telecom Minister discuss expanding in India, Economic Times says
Facebook CEO Mark Zuckerberg and India's Telecom Minister Ravi Shankar Prasad met to discuss expanding the reach of internet by using alternate technology, reports The Economic Times. According to sources, Facebook requested Prasad establish single point contact in his ministry for the alternative technology to which the minister immediately agreed. Reference Link
October 9, 2014
16:00 EDTFBOptions Update; October 9, 2014
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14:37 EDTYHOOYahoo looking to make Tumblr another YouTube, Business Insider says
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09:41 EDTM, ARO, TGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
06:59 EDTFBFacebook has no imminent WhatsApp monetization goals, Reuters says
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October 8, 2014
16:01 EDTFBOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
13:43 EDTMDepartment stores fall after J.C. Penney cuts view due to difficult environment
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13:27 EDTDWASoftBank no longer talking to DreamWorks, Buzzfeed reports
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11:13 EDTMMacy's October volatility increases as shares pull back
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09:38 EDTFBActive equity options trading on open
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09:23 EDTMCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
07:24 EDTFBFacebook feature allows advertisers to find clients via location
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07:08 EDTAPOApollo Global coverage assumed with an Outperform at Credit Suisse
Target $32.
06:19 EDTYHOOYahoo lays off 400 employees in India, WSJ reports
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06:00 EDTFBInstagram still most used social network for teens, says Piper Jaffray
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