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Stock Market & Financial Investment News

News Breaks
February 4, 2014
16:39 EDTKORS, YUM, DNB, BRO, TTWO, MSFT, JCPOn The Fly: Closing Wrap
Stocks on Wall Street were higher, bouncing back a bit following yesterday's sharp sell-off. The averages opened higher, led by gains in the tech-heavy Nasdaq, which added nearly 1% for the session. Despite gains, the averages recouped less than half of yesterday's decline. ECONOMIC EVENTS: In the U.S., factory orders dropped 1.5% in December, versus expectations for a 1.8% decline. COMPANY NEWS: Microsoft (MSFT) shares fell 13c, or 0.36%, to $36.35 after the company promoted the head of its Cloud and Enterprise group, Satya Nadella, to Chief Executive Officer, succeeding Steve Ballmer. Nadella's promotion, which had been roundly telegraphed in recent media reports, make him the tech giant's third CEO. Bill Gates, one of the company's founders and formerly chairman of its board, will assume a new role as Technology Advisor and devote more time to the company, with lead independent director John Thompson taking over as chairman... Embattled retailer J.C. Penney (JCP) fell 60c, or 10.56%, to $5.08 despite reporting comparable store sales that grew 3.1% during the Holiday period. Deutsche Bank said it believes investors were expecting a positive low-single digit gain in same-store sales and it does not view today's press release as material to the J.C. Penney story, while Sterne Agee cut its price target on the retailer's shares to $3 from $9. MAJOR MOVERS: Among the notable gainers was luxury goods maker Michael Kors (KORS), which advanced $13.24, or 17.27%, to $89.91 after the company's third quarter results soundly beat analysts' expectations and several analyst firms raised their price targets on the stock. Also higher following their quarterly report was Yum! Brands (YUM), up $5.90, or 8.92%, to $72.06 after the Taco Bell and KFC owner reported adjusted profit that beat estimates and affirmed its fiscal 2014 earnings outlook. Among the noteworthy losers following disappointing earnings reports were Dun & Bradstreet (DNB), down $10.88, or 10.22%, to $95.58, and Brown & Brown (BRO), down $2.40, or 7.82%, to $28.28. Also lower was Take-Two (TTWO), which fell $1.84, or 9.74%, to $17.06. The video game maker reported better-than-expected results though issued guidance for the current quarter that missed expectations and analysts were generally downbeat about the company's outlook. INDEXES: The Dow was up 72.44, or 0.47%, to 15,445.24, the Nasdaq was up 34.56, or 0.86%, to 4,031.52, and the S&P 500 was up 13.31, or 0.76%, to 1,755.20.
News For MSFT;JCP;KORS;YUM;DNB;BRO;TTWO From The Last 14 Days
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July 14, 2014
08:34 EDTMSFTPC market stability could be short-lived, Reuters says
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07:48 EDTMSFTQuantum computer company D-Wave may come public, FT says
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07:36 EDTYUMYum! Brands should be bought ahead of Q2 results, says Stifel
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06:08 EDTMSFTMicrosoft confirms plans to discontinue MapPoint, Streets & Tips
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06:05 EDTMSFTMicrosoft to expand coverage of free Windows licensing, DigiTimes reports
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July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
July 11, 2014
11:57 EDTMSFTMicrosoft acquires InMage, terms not disclosed
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06:13 EDTYUMTaco Bell to launch new high-end menu, Business Insider reports
Yum! Brands' Taco Bell is launching a high-end menu that's rich in protein and low in calories, reports Business Insider. The menu, called the Cantina Power Menu, will come with all-white-meat chicken or grilled USDA-select steak that could have more than 20 grams of protein or fewer than 500 calories. The menu will launch on July 17. Reference Link
July 10, 2014
17:02 EDTYUMCosi names Scott Carlock as CFO
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10:22 EDTMSFTMicrosoft CEO prepares reshaping plans
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09:13 EDTKORSMichael Kors volatility at low end of historic range on tight price movement
Michael Kors overall option implied volatility of 32 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement.
06:29 EDTMSFTMicrosoft, Vitalwerks settle lawsuit, WSJ reports
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06:26 EDTMSFTTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:18 EDTMSFTIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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July 9, 2014
12:05 EDTJCPStocks with call strike movement; JCP DDD
3D Systems (DDD) November 65 call option implied volatility decreased 2% to 47, J.C. Penney (JCP) November 11 call option implied volatility decreased 5% to 47 according to IVolatility.
11:00 EDTMSFTWells says VMware growth could slow, downgrades shares
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08:31 EDTMSFTVMware CEO sees EMC helping it remain independent, WSJ reports
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07:01 EDTKORSMichael Kors names Mark Brashear as president of Men's, effective July 7
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06:36 EDTMSFTMicrosoft warns of support deadlines for Windows 7
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06:24 EDTMSFTGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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