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Stock Market & Financial Investment News

News Breaks
January 2, 2013
12:46 EDTSKUL, CAT, JNJ, CAR, HPQ, MRK, LNKD, ZIP, UNHOn 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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February 19, 2015
08:38 EDTMRKNewLink reports clinical development milestone achieved with Merck for rVSV-EBOV
NewLink Genetics (NLNK) announced that it had received notification from Merck (MRK) that the milestone event specified in the license and collaboration agreement between the two companies relating to the further development of the rVSV-EBOV, Ebola, vaccine candidate had been achieved. Under the terms of the agreement, NewLink Genetics will receive a payment of $20M in connection with the achievement of the milestone. The milestone pertains to the initiation of a key clinical trial for the vaccine.
07:20 EDTCATCaterpillar facing multiple federal investigations, WSJ says
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February 18, 2015
16:46 EDTJNJOn The Fly: Closing Wrap
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16:42 EDTCARAvis Budget sees FY15 EPS ex-items $3.15-$3.75, consensus $3.56
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16:40 EDTCARAvis Budget reports Q4 EPS ex-items 23c, consensus 20c
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15:35 EDTCARNotable companies reporting after market close
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12:36 EDTJNJAnalysts applaud cheaper than expected Boston Scientific settlement
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12:31 EDTJNJOn The Fly: Midday Wrap
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10:02 EDTHPQe.Digital Corporation files patent infringement lawsuits against HP, others
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09:37 EDTLNKDOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
07:41 EDTJNJSettlement 'a big win' for Boston Scientific, says Bernstein
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07:12 EDTJNJBoston Scientific settlement should remove overhang, says Stifel
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07:09 EDTJNJBoston Scientific payment to J&J well below expectations, says Piper Jaffray
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06:56 EDTUNHObamacare enrollment exceeded goal, Politico reports
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06:23 EDTCATCaterpillar discloses grand jury subpoena requesting financial information
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06:15 EDTHPQHP Q1 sales should be in-line despite currency, says Citigroup
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February 17, 2015
17:13 EDTLNKDPoint72 gives quarterly update on stakes
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16:29 EDTJNJ Boston Scientific announces settltement of merger agreement lawsuit
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07:04 EDTJNJGTx names Robert Wills as executive chairman
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05:38 EDTLNKDLinkedIn implied volatility of 30 at lower end of index mean range
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