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Stock Market & Financial Investment News

News Breaks
April 20, 2012
16:23 EDTMSFT, RVBD, ETFC, HBI, BLOX, PFPT, AAPL, GE, MCD, BAC, TPXOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with one tech heavyweight helping the Dow and another dragging on the Nasdaq. Stock futures were moderately higher following positive confidence data out of Germany, solid retail sales data in the U.K., and good earnings reports from some of the country’s largest corporations. The market opened higher but immediately found a level where the averages sat as investors digested the earnings news and subsequent conference calls. By mid-morning, however, the market picked up speed to the upside and reached its session highs. As the news flow began to slow, the market drifted lower as it struggled to hold onto its gains, with the Nasdaq finally falling into the red under the selling pressure... ECONOMIC EVENTS: In the U.S., little economic data of note was reported. In Europe, a measure of German business confidence climbed to 109.9, marking its sixth consecutive month of increase, while Spanish 10-year bond yields rose above 6%... COMPANY NEWS: Microsoft (MSFT) led the Dow higher, rising $1.41, or 4.55%, to $32.42, following its report of sales and profits that beat expectations. Weighing on the Dow, however, were shares of Bank of America (BAC), which slid 41c, or 4.68%, to $8.36, after a downgrade to a Sell rating by CLSA's Mike Mayo. Among other Dow components, McDonald's (MCD) and General Electric (GE) both advanced following their earnings reports... The sell-off in shares of Apple (AAPL) continued ahead of the company's earnings report, due Tuesday, dragging the Nasdaq lower with it... Shares of Proofpoint (PFPT), an enterprise security company, and Infoblox (BLOX), an infrastructure software developer, both moved higher following their initial public offerings. Proofpoint priced at $13 and closed up $1.08, or 8.31%, to $14.08, while Infoblox priced at $16 and rose $5.44, or 34.00%, to $21.44... MAJOR MOVERS: Among the notable gainers were Hanesbrands (HBI), up $3.08, or 11.43%, to $30.02, after its quarterly losses were not as steep as expected and the company backed its full year forecast, and E-Trade (ETFC), up 60c, or 6.08%, to $10.48, following its report of adjusted earnings and revenues that beat consensus. Noteworthy losers included Riverbed (RVBD), down $8.01, or 28.75%, to $19.85, after being downgraded by at least seven firms following its disappointing results and guidance, and Tempur-Pedic (TPX), down $17.22, or 20.56%, to $66.53, after its guidance fell short of expectations... INDICES: The Dow rose 65.16, or 0.50%, to 13,029.26; the Nasdaq fell 7.11, or 0.24%, to 3,000.45; and the S&P 500 gained 1.61, or 0.12%, to 1,378.53.
News For MSFT;BAC;MCD;GE;AAPL;PFPT;BLOX;HBI;ETFC;RVBD;TPX From The Last 14 Days
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October 13, 2014
16:33 EDTMSFTMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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16:02 EDTAAPL, BACOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
14:06 EDTMCDMcDonald's to answer questions about food, AP reports
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13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
09:39 EDTAAPLActive equity options trading on open
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09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
09:02 EDTGEGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
09:01 EDTGEGE Capital Aviation to acquire Milestone Aviation for $1.775B
GE Capital Aviation Services, the aircraft leasing unit of GE, announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775B. The acquisition is in line with GE Capital’s strategic plan of growing and enhancing value in core areas aligned with GE’s industrial domains including energy, aviation, oil & gas and healthcare, while reducing the overall size of GE Capital through the disposition of non-strategic assets such as the recently executed IPO and planned split-off of our North American Retail Finance business and the sale of our consumer banks in the Nordics. The transaction remains subject to customary closing conditions, including regulatory approvals, and is targeted to close in 2015. Richard T. Santulli, chairman and CEO, Milestone Aviation Group, will serve as chairman of the helicopter leasing business and will become an officer of GE.
08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
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07:19 EDTBACAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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07:12 EDTRVBDRiverbed news already priced into stock, says JMP Securities
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06:44 EDTBACRegulators seeking banks' auto loan data, Reuters reports
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06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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00:04 EDTBACBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
17:41 EDTGEGeneral Electric could return 25%, Barron's says
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17:20 EDTGEGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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13:03 EDTBACBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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