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Stock Market & Financial Investment News

News Breaks
April 20, 2012
12:11 EDTMSFT, RVBD, XXIA, HON, MCD, APO, ALTR, SLB, GE, TPX, WOLF, SNDK, HBIOn 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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February 18, 2015
10:05 EDTSLBOn The Fly: Analyst Initiation Summary
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09:59 EDTSNDKSanDisk calls active on renewed takeover chatter
SanDisk February 81 and 83 calls are active on total call volume of 1500 contracts (600 puts) on renewed takeover chatter. February call option implied volatility is at 41, March and April is at 29, July is at 31; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:42 EDTSNDKRumor: SanDisk moves up on renewed takeover chatter
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09:37 EDTAPOOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
08:59 EDTSLBSchlumberger, Halliburton, and Baker Hughes estimates cut at Goldman
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08:20 EDTTPXTempur Sealy says strategic priorities include expanding margins
Says strategic priorities include accretive acquisitions of licensees, JVs, expanding distribution, expanding margins.
08:19 EDTTPXTempur Sealy sees FY15 adjusted EPS growth 12%-27%
Sees FY15 adjusted EPS growth 12%-27% and net sales growth 5.5%-8.5%, as adjusted for FX. Not adjusted for FX, sees FY15 adjusted EPS growth 2%-17%, net sales growth 2%-5%.
08:17 EDTTPXTempur Sealy says targeting 15% annual base adjusted EPS growth 2015-2018
Says targeting 6% annual base sales growth 2015-2018. Targeting 50bps annual base operating margin improvement 2015-2018. Comments from Investor Day presentation slides.
07:07 EDTGEBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
06:54 EDTSLBSchlumberger initiated with an Outperform at BMO Capital
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05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 17, 2015
13:36 EDTTPXTempur Sealy says 'disappointed' in H Partners going public
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09:09 EDTMSFTBox announces Microsoft Office cloud integration
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09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
07:42 EDTTPXTempur Sealy shareholder H Partners demands leadership, board changes
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07:24 EDTMCDExecutives' Club of Chicago to hold a breakfast meeting
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07:22 EDTALTR, SNDKMitsubishi UFJ to hold a tour
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06:36 EDTTPXH Partners to demand CEO change at Tempur Sealy, WSJ says
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05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 15, 2015
15:42 EDTGEGE inaugurates new Indian manufacturing facility, Reuters says
General Electric inaugurated its new manufacturing facility in India this weekend that the conglomerate will use as an export hub, with plans to send half of its output to the company's global factories, says Reuters. The new Indian facility will be a major part of GE's plan to win increased domestic orders there, added Reuters. Reference Link
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