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Stock Market & Financial Investment News

News Breaks
June 13, 2014
16:43 EDTMRK, ULTA, LULU, INTC, DG, FDO, AAPL, SYNA, IGT, CG, APO, PPC, TSN, HSH, PCLN, OPEN, IDIX, HRBMarket ends week lower as Iraq fears weigh
Stocks finished the week lower, as fears about the revolution in Iraq and a potential civil war there, along with weak U.S. economic data, dragged down shares. MACRO NEWS: A revolution broke out in Iraq, as rebel fighters conquered a number of major cities in the northern section of the country and advanced towards the capital city of Baghdad. In the U.S., oil prices rose and stocks fell amid fears that a civil war could engulf Iraq, shutting down its sizable oil exports... Three key U.S. economic data points missed expectations, as an index of consumer sentiment, weekly jobless claims, and retail sales for May all missed consensus estimates. On a positive note, China said that its retail sales jumped 12.5% last month, beating market expectations and coming in at the highest level since last December. COMPANY NEWS: M&A deal flow continued to be strong. On Monday, Merck (MRK) agreed to buy Idenix (IDIX), which has developed a treatment for hepatitis C, for $3.85B, or $24.50 per share, which was more than triple the company's closing price on Friday. Tyson Foods (TSN) raised its bid for Hillshire Brands (HSH) to $63 per share in cash, or $8.55B, prompting rival Pilgrim's Pride (PPC) to withdraw its own takeover proposal. Priceline (PCLN) agreed to buy OpenTable (OPEN), which operates on online restaurant reservation platform, for $103 per share, or $2.6B. Synaptics (SYNA) agreed to buy Renesas SP Drivers, which supplies display driver chips for Apple's (AAPL) iPhones. Reuters reported that several companies, including Apollo Global (APO) and Carlyle Group (CG), are looking to buy International Game (IGT), which develops gaming equipment for casinos. Well-known activist investor Carl Icahn disclosed that he had obtained a significant stake in discount retailer Family Dollar (FDO) and subsequently told Fox Business that he may push for a merger between the company and peer Dollar General (DG)... Intel (INTC) raised its Q2 revenue outlook, citing stronger than expected demand for business PCs... Yoga apparel maker lululemon (LULU) sank after the company lowered its full-year guidance, while beauty supply store operator Ulta Salon (ULTA) and tax preparer H&R Block (HRB) rose after reporting stronger than expected results. INDEXES: The Dow was down 0.88% to 16,775.74, the S&P 500 was down 0.68% to 1,936.16, and the Nasdaq was down 0.25% to 4,310.65.
News For MRK;IDIX;OPEN;PCLN;HSH;TSN;PPC;APO;CG;IGT;SYNA;AAPL;FDO;DG;INTC;LULU;ULTA;HRB From The Last 14 Days
Check below for free stories on MRK;IDIX;OPEN;PCLN;HSH;TSN;PPC;APO;CG;IGT;SYNA;AAPL;FDO;DG;INTC;LULU;ULTA;HRB the last two weeks.
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September 3, 2014
14:49 EDTFDOIchan exits Family Dollar position with $200M profit, Reuters says
Carl Icahn, who became Family Dollar's largest shareholder just this June, has now sold his entire stake for a profit of about $200M, according to Reuters, citing sources familiar with the matter. Reference Link
14:33 EDTFDOIcahn sold entire Family Dollar stake, Reuters says
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13:33 EDTAAPLGT Advanced September volatility elevated into Apple event
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12:59 EDTAAPLNXP Semiconductors volatility flat as shares near record high into Apple event
NXP Semiconductors overall option implied volatility of 32 is near its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
12:33 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
11:44 EDTAAPLApple breaks support, levels to watch
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11:24 EDTAAPLApple slumps after analyst advises taking profits
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10:40 EDTAAPLAnalyst sees security 'spending frenzy' amid high-profile hacks
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10:34 EDTSYNASamsung's Galaxy Note 4 likely using Synaptics' lower priced sensor, says OTR
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10:27 EDTAAPLApple falls, levels to watch
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10:23 EDTSYNASynaptics sensor not mentioned at Samsung Note event, says Pacific Crest
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
08:58 EDTAAPLInvestors should take profits in Apple, says Pacific Crest
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08:34 EDTINTCIntel volatility increases as shares near 10-year high
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08:06 EDTAAPLApple iWallet poses threat to PayPal, says RW Baird
Baird said an Apple (AAPL) mobile payments platform will pose a headline risk to eBay's (EBAY) PayPal. The firm sees it as a particular threat to growth opportunities at point-of-sale, although Baird notes PayPal has a solid start, a strong fraud detection platform, compliance with bank regulators, and accelerating growth in e-commerce payments. The firm has Outperform ratings on both stocks, with a price target of $63 on eBay and a target of $105 on Apple.
07:57 EDTAAPLApple coverage assumed with a Perform at Oppenheimer
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07:44 EDTINTCIntel management to meet with Deutsche Bank
Meetings to be held in Amsterdam/Milan on September 3 hosted by Deutsche Bank.
07:05 EDTAAPLNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
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06:35 EDTCGJPMorgan in talks to sell oil-supply agreement to Bank of America, WSJ says
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06:20 EDTAAPLSupply chains ramp up component production for 9.7-inch iPad, DigiTimes says
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