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Stock Market & Financial Investment News

News Breaks
January 2, 2013
12:46 EDTMRK, JNJ, UNH, HPQ, CAT, ZIP, CAR, SKUL, LNKDOn The Fly: Midday Wrap
Stocks on Wall Street were significantly higher at midday after U.S. lawmakers agreed on a deal to avoid some of the tax hikes associated with the fiscal cliff, but many of the issues remaining were simply pushed off by the last-second agreement. The stop-gap measure puts off the drastic spending cuts that were due to take effect, but it did not eliminate them, and it failed to raise the debt limit, meaning another political showdown is coming. The day’s economic data points went largely unnoticed as most investors breathed a sigh of relief and sent the averages soaring right at the opening bell... ECONOMIC EVENTS: In the U.S., Markit's final reading for December's purchasing managers' index came in at 54.0, which was up from 52.8 a month ago and beat expectations for a downward revision to 53.6. The ISM's December manufacturing PMI had a reading of 50.7, versus the expected 50.5, while the prices paid index came in at 55.5, versus the expected 50.8. A separate report showed construction spending fell 0.3% in November, versus an expected increase of 0.6%. In Europe, Markit's zone-wide PMI edged down to 46.1 in December, compared with its 46.3 preliminary reading and down from 46.2 in November... COMPANY NEWS: Every member of the Dow Jones Industrial Average was higher at midday, with only Merck (MRK), Johnson & Johnson (JNJ) and UnitedHealth (UNH) logging gains of less than 1%. Shares of Hewlett-Packard (HPQ) and Caterpillar (CAT) paced the blue chip index, as each rose over 4%... Reflecting a trend similar to the one seen on the Dow, every S&P sector except for Healthcare was significantly higher... MAJOR MOVERS: Among the notable gainers was Zipcar (ZIP), which rose 48% following its agreement to be acquired for $12.25 per share in cash by Avis Budget (CAR), which also had its shares rise nearly 5%. Among the noteworthy losers were Skullcandy (SKUL), down 14% after Jefferies downgraded the stock to Underperform from Buy, and LinkedIn (LNKD) which fell almost 4% after being downgraded to Equal Weight at Barclays... INDICES: Near 12:30 pm ET, the Dow was up 224.78, or 1.72%, to 13,328.92; the Nasdaq was up 67.24, or 2.23%, to 3,086.75; and the S&P 500 was up 24.81, or 1.74%, to 1,451.00.
News For MRK;JNJ;UNH;HPQ;CAT;ZIP;CAR;SKUL;LNKD From The Last 14 Days
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August 20, 2014
16:05 EDTHPQHP sees FY14 adjusted EPS $3.70-$3.74, consensus $3.72
16:05 EDTHPQHP sees Q4 adjusted EPS $1.03-$1.07, consensus $1.05
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16:04 EDTHPQHP reports Q3 adjusted EPS 89c, consensus 89c
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16:01 EDTHPQOptions Update; August 20, 2014
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15:56 EDTHPQHewlett-Packard August weekly 35 straddle priced for 4.3% move into Q3
15:26 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
13:42 EDTHPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
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12:02 EDTCARHertz drops after withdrawing full year guidance, analyst downgrades
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11:54 EDTHPQHP technical comments before earnings
In the prior three months the shares have outperformed the broader averages, rising by more than 8%. The trend has had a decidedly bullish slant, with $36 at the high and $33 at the low. These bounds give us some guidance as to how price might behave depending on earnings and guidance. A breakout above $36 and notably the 52-week high at $36.21, would appear very probable if the news is better than already high expectations. Next major resistance would be at $38, a level not seen since early 2011. An extreme upside reaction could push the stock to $40.34. Given the strong bullish sentiment in the name, the risk may be more to the downside on a disappointment. The key level to watch on the downside if news or guidance is worse than expected is at the 50-day moving average, last at $34.57. A breakdown below the 50-day would break the intermediate-term uptrend and that would have bearish implications for future price. The $33 level would become the next important zone following such a break. A snap below $33 on an extreme disappointment would see $31.48 as next support.
10:39 EDTCATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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10:04 EDTSKULOn The Fly: Analyst Upgrade Summary
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08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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08:26 EDTSKULSkullcandy upgraded to Buy from Neutral at DA Davidson
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08:01 EDTLNKDAd spending on LinkedIn reportedly rising, says Pacific Crest
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August 19, 2014
11:05 EDTHPQImperva seen as takeover candidate under new CEO
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10:32 EDTLNKDRumor: LinkedIn moves lower on speculation of a large investor short position
08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTHPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
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