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Stock Market & Financial Investment News

News Breaks
July 17, 2014
16:52 EDTMSFT, SNDK, YUM, DRC, MAT, SIEGY, UNHOn The Fly: Closing Wrap
Stocks on Wall Street began the session in negative territory, though the averages recaptured most of their losses and the Dow made it briefly into positive territory by mid-morning. Late in the morning reports surfaced of a downed jet on the Russia-Ukraine border and investors moved to the sidelines expecting to hear terrorism was the reason. With speculation bouncing between the potential for an accident and an act of aggression, the market grew weak. Late afternoon reports of a ground invasion of the Gaza strip by Israel coincided with the market taking another leg lower and the averages ended the trading day near their worst levels. ECONOMIC EVENTS: In the U.S., weekly jobless claims dipped 3K to 302K in the week ended July 12. Housing starts dropped 9.3% to a 893K rate in July, while building permits declined 4.2% to a 963K rate. Both were expected to rise to rates over 1M. The Philly Fed manufacturing index climbed 6.1 points to 23.9 in July, beating expectations for it to have dipped to 16.0. COMPANY NEWS: Shares of Microsoft (MSFT) advanced 45c, or 1.02%, to $44.53 after the company announced a plan to simplify its operations, which will result in the elimination of up to 18,000 jobs over the next year. Of that total, over two-thirds will come from positions to be eliminated at the phone business Microsoft recently purchased from Nokia. In an email to Microsoft employees on the integration of Nokia and the broad restructuring, CEO Satya Nadella said the decision to change was "difficult, but necessary" and will result in the company having fewer layers of management. MAJOR MOVERS: Among the notable gainers was Dresser-Rand (DRC), which jumped $7.58, or 12.55%, to $68.00 after Germany's Manager Magazin reported that Siemens (SIEGY) is working with Lazard on a takeover bid for the company. Also higher following its earnings reports was Dow member Unitedhealth (UNH), which rose $1.35, or 1.61%, to $85.11. Shares of SanDisk (SNDK) fell $14.62, or 13.56%, to $93.21 the flash memory manufacturer's third quarter revenue outlook trailed analystsí consensus estimates. Also lower after their earnings reports were Yum! Brands (YUM), which fell $5.70, or 6.89%, to $77.01, and Mattel (MAT), which dropped $2.57, or 6.58%, to $36.46. INDEXES: The Dow dropped 161.39, or 0.94%, to 16,976.81, the Nasdaq fell 62.52, or 1.41%, to 4,363.45, and the S&P 500 retreated 23.45, or 1.18%, to 1,958.12.
News For MSFT;SNDK;YUM;DRC;MAT;SIEGY;UNH From The Last 14 Days
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October 15, 2014
07:13 EDTDRCDresser-Rand initiated with a Sell at ISI Group
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06:39 EDTMSFTChina's reponse to Xbox One 'chilly,' Business Insider reports
Sales of Microsoft's Xbox One in China began nearly two weeks ago, and signs indicate that the response has been "chilly," Business Insider reports. Reference Link
06:32 EDTMSFTTablet supply chains expect lagging orders in Q4, DigiTimes reports
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October 14, 2014
14:17 EDTMATMattel October volatility elevated into Q3 and guidance
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12:51 EDTYUMKFC to open first American restaurant in Myanmar next year, Nikkei reports
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11:21 EDTYUMDomino's Pizza rises after Q3 profits benefit from high cheese costs
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11:17 EDTYUMOptions with decreasing implied volatility
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09:37 EDTYUMDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
09:25 EDTMSFTMicrosoft may want to consider split, says BGC Financial
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07:59 EDTSNDKSanDisk should be bought on weakness, says Pacific Crest
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07:47 EDTSNDKSanDisk October volatility elevated into Q3 and guidance
SanDisk October call option implied volatility is at 98, November is at 44, January is at 35; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
07:05 EDTUNHUnitedHealth October volatility elevated into Q3 and guidance
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06:46 EDTMSFTFirm indicates vulnerability in Microsoft Windows used by Russian hackers
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06:32 EDTMSFTMicrosoft says hit 1M registrants to test Windows 10 preview version
Microsoft says on its Windows blog that it hit 1M registrants for the Windows Insider Program to test the preview version of Windows 10. The company says it has received 200,000 items of user feedback. Reference Link
October 13, 2014
16:33 EDTMSFTMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:01 EDTYUMOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INFY YUM FDO HSY
09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
07:15 EDTUNH, MSFTNational Association of Corporate Directors to hold a conference
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