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Stock Market & Financial Investment News

News Breaks
February 6, 2013
06:07 EDTMSFT, DELL, SFTBF, S, F, VLKAY, TTMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. stock exchanges, banks, trading firms and mutual funds want the SEC to study the effect of pricing some small stocks in nickels and dimes, rather than in pennies, the Wall Street Journal reports...Microsoft’s (MSFT) contribution to the Dell (DELL) buyout is a $2B gamble that the software firm can boost up one of its major customers without upsetting all the others, the Wall Street Journal reports...REUTERS: The Federal Reserve said that one of its internal websites had been briefly breached by hackers, though no critical functions of the U.S. central bank were affected by the intrusion, Reuters reports...Softbank (SFTBF) will issue $3.2B in corporate bonds, the biggest ever by a non-financial Japanese firm to retail investors, to convert part of the $17.7B in short-term loans used to purchase Sprint Nextel (S) to longer term debt, sources say, Reuters reports...BLOOMBERG: With Michael Dell’s (DELL) deal to take his company private, he now faces the larger challenge of turning a business falling behind in personal computers into a provider of high-margin cloud-computing tools and services, Bloomberg reports...Automakers from Ford (F) to Audi (VLKAY) and Jaguar Land Rover (TTM) are using record amounts of aluminum to replace heavier steel, providing relief to producers of the metal facing excess supplies and depressed prices, Bloomberg reports.
News For MSFT;DELL;SFTBF;S;F;VLKAY;TTM From The Last 14 Days
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August 6, 2014
13:11 EDTSDISH Chairman Ergen says 'lot of things I like' about Sprint
Ergen says it might make sense for DISH (DISH) to make an attempt to acquire T-Mobile (TMUS) or to partner with Sprint (S). Ergen says he sees the wireless industry becoming even more competitive. Ergen continues to answer questions during DISH's earnings conference call.
13:09 EDTSSprint CEO change positive, says Wells Fargo
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12:17 EDTSDISH Chairman says 'nothing really has changed' in terms of strategy
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12:12 EDTSFTBF, SOn The Fly: Midday Wrap
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11:10 EDTSOptions with increasing implied volatility
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10:53 EDTS, SFTBFSprint, T-Mobile dive after merger talks reportedly end
Shares of wireless carriers Sprint (S) and T-Mobile (TMUS) are falling after multiple media outlets reported that Sprint has ended its pursuit of buying T-Mobile. Previous reports had suggested that Sprint was interested in acquiring its competitor. In the wake of the news, Wells Fargo remained upbeat on Sprint, while FBR Capital wrote that the deal could still occur. WHAT'S NEW: Sprint has ended its pursuit of T-Mobile due to opposition to the tie-up by regulators multiple news outlets reported last night, citing unnamed sources. Sprint also replaced CEO Dan Hesse with Marcelo Claure, the founder and CEO of SoftBank (SFTBF) subsidiary Brightstar, and Sprint Chairman Masayoshi Son said "While we continue to believe industry consolidation will enhance competitiveness and benefit customers, our focus moving forward will be on making Sprint the most successful carrier." ANALYST REACTION: In a note to investors today, Wells Fargo analyst Jennifer Fritzsche wrote that the news on Sprint should improve going forward, while the company should benefit from new spectrum it has acquired. History suggests that the best time to buy Sprint's stock is when it appears to be capitulating, added the analyst, who believes that the company is still well-positioned to pursue other strategic alternatives. However, Fritzsche thinks that some of T-Mobile's "likely and logical" partners may not be ready to make a deal in the near-term, while the company has "more questions than answers." The analyst kept an Outperform rating on Sprint and a Market Perform rating on T-Mobile. Meanwhile, FBR Capital analyst David Dixon wrote that he was not convinced that Sprint had abandoned its bid for T-Mobile. Rather, the companies are probably not prepared yet to make a deal that is likely to be approved by regulators, the analyst stated. The deal could be approved if the companies demonstrate that their combined network would improve the experience of users, and the companies are taking steps to meet this goal, according to Dixon, who kept a Market Perform rating on Sprint. WHAT'S NOTABLE: In the wake of the news that Sprint will apparently drop its pursuit of T-Mobile, French telecom company Iliad (ILIAF), which has made a bid for T-Mobile, sees no immediate need to boost its takeover offer, according to The Wall Street Journal. PRICE ACTION: In mid-morning trading, Sprint fell 17.9% to $5.98 and T-Mobile sank 6.1% to $31.85.
09:28 EDTSFTBF, SIliad continues with T-Mobile bid, won't boost for now, WSJ says
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09:13 EDTSOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
08:31 EDTSFTBF, SSprint names Marcelo Claure as president and CEO
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08:30 EDTSSprint names Marcelo Claure as president and CEO
08:22 EDTSSprint news to improve going forward, says Wells Fargo
After multiple news outlets reported that Sprint (S) would abandon its efforts to buyT-Mobile (TMUS), Wells Fargo thinks that the news on Sprint will improve as the company moves beyond many of its network challenges and begins to benefit from its 2.5 GHz spectrum. The firm believes that the company is well-positioned to seek other strategic alternatives and keeps an Outperform rating on the shares.
08:09 EDTSFTBF, SSoftbank seen as still interested in M&A after dropping T-Mobile plans, WSJ says
Despite the reports that Sprint (S) parent Softbank (SFTBF) is no longer pursuing a deal for T-Mobile (TMUS), some analysts said they doubted that the setback had killed the company's appetite for a big acquisition of a network operator, though they said the company might shift its focus from the U.S. to Europe, according to The Wall Street Journal. An analyst at SMBC Nikko said he thought Softbank might announce another deal shortly, but that rather than aiming to buy another mobile operator that it would try to build up its digital content portfolio, the report added. Reference Link
07:51 EDTST-Mobile volatility is expected to move on said to end talks to be purchased
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07:39 EDTSFBR not convinced Sprint will abandon T-Mobile bid
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07:30 EDTSSprint volatility expected to move on said to end talks to buy T-Mobile
Sprint (S) option implied volatility is expected to move on said to end talks to buy T-Mobile (TMUS). Overall option implied volatility of 49 is near its 26-week average of 50 according to Track Data, suggesting non-directional price movement.
06:48 EDTVLKAYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link
06:38 EDTMSFTAccenture says complying with SAIC in Microsoft probe, Reuters says
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06:35 EDTMSFTSAIC enacts fresh raids on Accenture, Microsoft, Reuters says
China's State Administration for Industry and Commerce said on its website that it conducted fresh raids on Microsoft (MSFT) and Accenture (ACN) after the firm noted last week that Microsoft is being probed for anti-trust crimes, according to Reuters, citing an e-mail statement from a Beijing-based Microsoft spokeswoman. Reference Link
06:17 EDTMSFTAlibaba courting Nokia employees on website, WSJ reports
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06:03 EDTSFTBF, SSprint could name Marcelo Claure as new CEO, Reuters reports
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