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Stock Market & Financial Investment News

News Breaks
April 20, 2012
12:11 EDTMSFT, RVBD, APO, WOLF, XXIA, ALTR, SNDK, HON, SLB, HBI, MCD, GE, TPXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as another round of better than expected earnings reports from blue chip companies encouraged investors. Stocks opened higher on the heels of positive earnings reports from some of the country's largest corporations, positive confidence data out of Germany, and solid retail sales data from the U.K. The market tacked on gains in the opening 30 minutes and found a level where the averages sat while investors digested the corporate earnings and accompanying conference calls. In the second hour of trading the averages gained some upside momentum and added to their opening gains but they have since moved in a very narrow range. There may be little in the way of news flow for the remainder of the session as the week end approaches... ECONOMIC EVENTS: Domestically, little of note was on the economic calendar. In Europe, Spanish 10-year bond yields rose above 6% and equivalent Italian and French yields rose as well. In contrast, a measure of German business confidence climbed to 109.9, marking its sixth consecutive month of increase... COMPANY NEWS: Earnings reports from a trio of Dow components helped power that average higher, as Microsoft (MSFT) led all of the blue chips with a 5.4% gain after its earnings and revenue beat consensus. General Electric (GE) also beat on both the top and bottom line and shares moved higher by 1.9%. Results from McDonald's (MCD) were generally in line with expectations. The company said global comparable sales increased 7.3%, driven by an 8.9% increase in the U.S. and its stock rose 2% near noon... Among other companies reporting earnings, advancers included Hanesbrands (HBI), Schlumberger (SLB) and Honeywell (HON); decliners included SanDisk (SNDK) and Altera (ALTR)... MAJOR MOVERS: Among the notable gainers were Ixia (XXIA), up over 13%, following an upgrade at Wunderlich citing the company's Q1 results, and Great Wolf (WOLF), up 8%, after an affiliate of Apollo Global Management (APO) increased its offer to acquire the company to $7.85 per share from $7.00. Noteworthy losers included Riverbed (RVBD), down more than 26%, following downgrades by at least seven firms after the company's Q1 revenue missed consensus and it said it sees 15% revenue growth for FY12, and Tempur-Pedic (TPX), down over 21%, after its guidance fell short of expectations... INDICES: Near noon, the Dow was up 112.84, or 0.87%, to 13,076.94; the Nasdaq was up 20.84, or 0.69%, to 3,028.40; and the S&P 500 was up 9.60, or 0.70%, to 1,386.52.
News For MSFT;GE;MCD;HBI;SLB;HON;SNDK;ALTR;XXIA;WOLF;APO;RVBD;TPX From The Last 14 Days
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August 21, 2014
06:40 EDTMCDMcDonald's looking to expand digital efforts, CNBC says
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06:12 EDTSNDKDRAM prices making downward correction with oversupply concerns, DigiTimes says
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05:50 EDTSNDKStocks with implied volatility movement; QCOM SNDK
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August 20, 2014
12:58 EDTMCDMcDonald's temporarily closes certain Russian restaurants
The company said, "Based on a claim from a federal consumer agency, on Aug 20 2014, McDonald’s restaurants on Pushkin Square, Manezh Square and Prospect Mira were temporary closed. We are closely studying the subject of the documents to define what should be done to re-open the restaurants as soon as possible. Our main priority is to serve our customers with top quality menu items. We will continue taking care of our employees and will do our best to continue the success of McDonald’s business in Russia."
08:11 EDTGEGE Healthcare Life Sciences announces new U.S. headquarters in MA
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07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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06:36 EDTMSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
17:31 EDTGEGE plans to invest $3.5B in aircraft engine unit, Nikkei says
General Electric plans to invest $3.5B in its aircraft engine business over the five years to 2017, as it looks to boost production, says Nikkei. Reference Link
17:14 EDTMSFTOn The Fly: Closing Wrap
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14:12 EDTMSFTBallmer steps down from Microsoft board, sees holding shares
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11:25 EDTMSFTHTC unveils the HTC One for Windows
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11:00 EDTMCDMcDonald's to unveil retail coffee initiative, Huffington Post says
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09:07 EDTHONHoneywell company UOP selected by BW Offshore
UOP, a Honeywell company, announced that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading, or FPSO, vessel off the coast of Scotland. The vessel, which will be leased to Premier Oil, will include a UOP Separex Membrane System to remove carbon dioxide.
08:03 EDTHBICarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.
06:22 EDTGEGeneral Electric in talks with Electrolux to sell appliance business, WSJ says
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06:02 EDTMCDTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link
August 18, 2014
16:02 EDTRVBDRiverbed names Paul Mountford as Chief Sales Officer
Riverbed Technology announced that Paul Mountford has joined the company as senior vice president and Chief Sales Officer. He was most recently CEO of Sentillian, a New York-based web intelligence startup.
13:12 EDTMSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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07:07 EDTGEGeneral Electric reinstated with an Outperform at Credit Suisse
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06:26 EDTMCDMcDonald's orders products from Thai supplier after food scare, Reuters says
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