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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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February 18, 2015
11:49 EDTFBFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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10:21 EDTAPOHigh option volume stocks
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09:37 EDTAPOOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
08:27 EDTFBFacebook in talks with media about hosting news content, Re/code says
Facebook is speaking to media publishers about hosting news content "that would otherwise go on a publisher’s own website," reports Re/code, citing statements by Facebook chief product officer Chris Cox at the Code/Media conference. Cox said Facebook could provide a larger audience and improved design, though he noted potential partnerships "aren't coming anytime soon." Additionally, Cox said the company's video efforts have been "a massive success" but the company "isn’t rushing" to pay content creators. Reference Link
06:29 EDTFBFacebook engagement data remains strong, says JPMorgan
JPMorgan notes that according to comScore, Facebook’s share of mobile Internet time excluding Instagram and WhatsApp in January was 21%, up from 20% in December, and its share of total Internet time including desktop was 17%. The firm believes the data suggests continued strong engagement for Facebook. It reiterates an Overweight rating on the stock with an $85 price target, calling the stock a favorite idea for 2015.
06:10 EDTFBFacebook is developing virtual reality apps, Re/code says
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03:20 EDTMOn The Fly: Analyst Initiation Summary
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February 17, 2015
17:13 EDTFBPoint72 gives quarterly update on stakes
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17:02 EDTYHOOSoros Fund Management gives quarterly update on stakes
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16:10 EDTANADANADIGICS reports Q4 EPS (5c), consensus (6c)
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15:05 EDTFBFacebook announces official launch of Marketing Partner program
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13:14 EDTFBFacebook introduces customizable product ads solution
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10:04 EDTFBFacebook receives patent for identifying, marketing to "influencers"
Facebook has received a patent allowing it to identify "influencers" within its social network - those whose recommendations results in a significant increase of word-of-mouth and re-sharing. The patent describes a process for identifying which users are most influential, and then advertising to those specific people in order to capitalize on any potential recommendations they may make.
10:00 EDTMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
09:19 EDTWMTDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
08:39 EDTFBMarathon Patent Group subsidiary files patent infringement suit against Facebook
Marathon Patent Group (MARA) announced that its wholly-owned subsidiary TLI Communications GmbH has filed a patent infringement lawsuit against Facebook (FB) and Facebook Ireland Limited in the Regional Court of Munich in Germany. TLI Communications is asserting infringement of the German part of European patent 0 814 611 B1 by the social media platform "Facebook" operated by the defendants, as well as the associated application software for smartphones and tablet computers.
08:11 EDTYHOOSplunk says Yahoo selects Hunk for Hadoop analytics platform
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07:22 EDTFBMitsubishi UFJ to hold a tour
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04:58 EDTMNordstrom downgraded to Underweight from Equal Weight at Barclays
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04:54 EDTMMacy's initiated with an Underweight at Barclays
Barclays started shares of Macy's with an Underweight rating saying it expects comps to remain under 2% as the retailer lacks exposure to the growing off-price segment. The firm put a $55 price target on shares. Shares of Macy's closed Friday down 34c to $64.32.
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