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Stock Market & Financial Investment News

News Breaks
April 11, 2013
16:26 EDTRAD, HLF, MSFT, FIRE, BIOL, HPQ, FTNT, ACAD, INTC, PANWOn The Fly: Closing Wrap
Stocks on Wall Street were higher after initial jobless claims fell. The averages rose fairly steadily in the early hours of the session, though the initial rally stalled and the averages were range bound for much of the second half of the trading day. The Nasdaq was the laggard among the averages, as it was weighed down by declines in tech bellwethers Microsoft (MSFT) and Intel (INTC)... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 42K from the prior week to 346K, versus an expectation for them to decline more modestly to 360K. Import prices declined 0.5% in March compared to the prior month, which was in-line with expectations, while export prices fell 0.4%, versus expectations for a 0.1% gain... COMPANY NEWS: Shares of a number of big-name tech companies were weaker after research firms IDC and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. Microsoft, which was also downgraded by at least three firms, lost $1.35, or 4.44%, to $28.93, Intel slid 43c, or 1.95%, to $21.83 and Hewlett-Packard (HPQ) fell $1.44, or 6.45%, to $20.88... Herbalife (HLF) shares gained $1.08, or 2.9%, to $38.28 after the SEC and Department of Justice filed complaints against ex-KPMG partner Scott London for allegedly helping a friend trade on non-public information in that stock. The DOJ's complaint made reference to conversations in which London acknowledged rumors of Herbalife going private and activist investor Bill Ackman's short position on shares... MAJOR MOVERS: Among the notable gainers following FDA actions were ACADIA Pharmaceuticals (ACAD), up $5.13, or 64.37%, to $13.10 after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate, and BIOLASE (BIOL), up 59c, or 13.26%, to $5.04 after the FDA cleared its EPIC 10S soft tissue diode laser for use a surgical instrument. Also higher was Rite Aid (RAD), up 33c, or 18.44%, to $2.12 after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), down $2.85, or 13.04%, to $19.00 after reporting weaker than expected first quarter results. Several of its Internet security peers also lost ground, including Sourcefire (FIRE), down 86c, or 1.58%, to $53.58, and Palo Alto (PANW) down 55c, or 1.01%, to $54.16... INDICES: The Dow was up 62.90, or 0.42%, to 14,865.14; the Nasdaq was up 2.91, or 0.09%, to 3,300.16; and the S&P 500 was up 5.64, or 0.36%, to 1,593.37.
News For MSFT;INTC;HPQ;HLF;ACAD;BIOL;RAD;FTNT;FIRE;PANW From The Last 14 Days
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April 8, 2015
09:36 EDTPANW, FTNTSingtel acquires cybersecurity company Trustwave for $810M
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09:35 EDTRADActive equity options trading on open
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07:13 EDTRADRite Aid up 3.6% after reporting Q4 results
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07:08 EDTRADRite Aid reports Q4 SSS up 4.5%
Same store sales for the quarter increased 4.5% over the prior year, consisting of a 5.7% increase in pharmacy sales and a 2.0% increase in front-end sales. Pharmacy sales included a negative impact of approximately 128 basis points from new generic introductions. The number of prescriptions filled in same stores increased 3.5% over the prior year period. Prescription sales accounted for 68.1% of total drugstore sales, and third party prescription revenue was 97.5% of pharmacy sales.
07:05 EDTRADRite Aid sees FY16 EPS 19c-27c, consensus 43c
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07:03 EDTRADRite Aid reports Q4 EPS ex-items 12c, consensus 7c
Reports Q4 revenue $6.85B, consensus $6.8B. Reports Q4 net income of $1.835B, or $1.79 per diluted share. Current year results for both Q4 and the full year were favorably impacted by a reduction of the deferred tax asset valuation allowance and a full year provision of income tax expense at a statutory tax rate, the net effect of which resulted in an income tax benefit of $1.716B, or $1.67 per diluted share and $1.682B, or $1.65 per diluted share in the fourth quarter and full year, respectively.
06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
16:55 EDTHPQXerox upgraded to Buy ahead of Q1 results at Citigroup
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15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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15:43 EDTRADRite Aid trades at multi-year highs ahead of earnings, levels to watch
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15:30 EDTRADNotable companies reporting before tomorrow's open
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09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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08:37 EDTRADRite Aid volatility increases into Q4 and outlook
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08:35 EDTRADReed's announces Sonoma Sparklers available at Rite Aid locations
Reed's (REED) announced that Reed's Sonoma Sparklers is now available exclusively in Rite Aid (RAD) stores nationwide. All of the nearly 4,600 Rite Aid stores across the U.S. will feature 16oz bottles of delicious, all-natural Sonoma Sparklers in three flavors: Sparkling Organic Raspberry, Sparkling Organic Lemonade and Sparkling Organic Peach.
08:02 EDTRADJPMorgan says Walgreens may be more willing to buy Rite Aid
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08:01 EDTHLFHerbalife announces one-year partnership with Global Health Strategies Institute
Herbalife announced a one-year partnership with Global Health Strategies Institute to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme and School Health Programs. As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to help provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed. In the first phase of the project, GHSI will conduct a landscape analysis to help all parties understand the nutritional landscape, provide insights into the required nutritional support, the target beneficiaries, expected reach, implementation model and potential partners.
07:52 EDTMSFT, HPQHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
06:25 EDTMSFTMicrosoft close to have alternative to Apple Pay, Business Insider reports
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05:55 EDTHLFStocks with implied volatility movement; MNKD HLF
Stocks with implied volatility movement; MannKind (MNKD) 68, Herbalife (HLF) 89 according to iVolatility.
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