News Breaks |
|
|
| January 2, 2013 |
| 12:46 EDT |  | MRK, JNJ, UNH, HPQ, CAT, ZIP, CAR, SKUL, LNKD | On 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 Check below for free stories on MRK;JNJ;UNH;HPQ;CAT;ZIP;CAR;SKUL;LNKD the last two weeks. |
|
|
| May 23, 2013 |
| 18:41 EDT |  | CAR | Hertz, Avis suing Chicago over airport facility costs, Bloomberg says
 Subscribe for More Information |
|
| 17:04 EDT |  | MRK | Merck's preladenant gave no evidence of efficacy, ends regulatory filing pursuit
Subscribe for More Information |
|
| 16:23 EDT | | HPQ | On The Fly: Closing Wrap
Subscribe for More Information |
|
| 16:00 EDT |  | HPQ | Options Update; May 23, 2013
Subscribe for More Information |
|
| 12:38 EDT | | HPQ | On The Fly: Midday Wrap
Subscribe for More Information |
|
| 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
Subscribe for More Information |
|
| 10:08 EDT |  | JNJ | On The Fly: Analyst Initiation Summary
Subscribe for More Information |
|
| 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
Subscribe for More Information |
|
| 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
|
| 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
Subscribe for More Information |
| |
| 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
Subscribe for More Information |
|
| 09:13 EDT | | LNKD | LinkedIn unveils new navigation bar
Subscribe for More Information |
|
| 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
Subscribe for More Information |
|
| 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
Subscribe for More Information |
|
| 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
Subscribe for More Information |
|
| 07:49 EDT | | LNKD | LinkedIn acquires team of social polling start-up Maybe, TechCrunch reports
Subscribe for More Information |
|
| 07:31 EDT | | JNJ | Janssen expects to have more than 25 brand line extensions by 2017
Subscribe for More Information |
|
| 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. |
|
| 06:29 EDT | | JNJ | Johnson & Johnson coverage assumed with an Underperform at Credit Suisse
Subscribe for More Information |
|
| 05:52 EDT | | HPQ | Hewlett-Packard upgraded to Hold from Underperform at Jefferies
Subscribe for More Information |
| |
|
|
|
|
