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Stock Market & Financial Investment News

News Breaks
July 17, 2014
13:18 EDTMAT, EBAY, SNDK, SIEGY, UNH, AN, DRC, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there for most of the morning. The averages recaptured most of their losses and the Dow made it across the flat line and briefly into positive territory by mid-morning, but around the time the European markets closed reports surfaced that a Malaysian passenger jet crashed on the Russian-Ukraine border. The averages fell quickly but have since pared their losses as speculation runs rampant as to whether the jet was shot down or crashed due to an accident. 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. Notably, an adviser to Ukraine's Interior Ministry said a Malaysia Airlines passenger jet carrying more than 200 people crashed while flying over eastern Ukraine, near its border with Russia. A report claimed that 23 U.S. citizens were killed in the crash. COMPANY NEWS: Shares of Microsoft (MSFT) advanced 2% after the tech giant 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 12.5% after Germany's Manager Magazin reported that Siemens (SIEGY) is working with Lazard on a takeover bid for the company. Also higher following their earnings reports were Dow member Unitedhealth (UNH), which rose more than 3%, and eBay (EBAY), which gained about 2%. Among the noteworthy losers following their earnings reports were SanDisk (SNDK), which fell over 12%, Mattel (MAT), which slid 6%, and AutoNation (AN), which dropped 6% as well. INDEXES: Near midday, the Dow was down 17.82, or 0.1%, to 17,120.38, the Nasdaq was down 22.16, or 0.5%, to 4,403.81, and the S&P 500 was down 5.69, or 0.29%, to 1,975.88.
News For MSFT;UNH;EBAY;DRC;SIEGY;MAT;AN;SNDK From The Last 14 Days
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February 18, 2015
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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06:56 EDTUNHObamacare enrollment exceeded goal, Politico reports
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05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 17, 2015
17:06 EDTEBAYIcahn gives quarterly update on stakes, takes new stake in Manitowoc
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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.
08:38 EDTSIEGY, DRCEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link
07:22 EDTSNDKMitsubishi UFJ to hold a tour
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05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 13, 2015
17:52 EDTEBAYThird Point gives quarterly update on stakes
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11:37 EDTDRC, SIEGYEC extends review of proposed merger between Dresser-Rand, Siemens
Dresser-Rand Group (DRC) has been notified that the European Commission will be initiating a Phase II review of the company's proposed merger with Siemens (SIEGY). The company still expects the transaction to close in the summer of 2015, or earlier, subject to regulatory approval in Europe and certain other jurisdictions, and the satisfaction of other customary closing conditions. The transaction has received regulatory approval in the United States, Brazil, Canada, Russia and South Korea.
10:00 EDTSNDKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Outperform at RW Baird... Ascena Retail (ASNA) upgraded to Buy from Hold at KeyBanc... Cabela's (CAB) upgraded to Buy from Neutral at DA Davidson... CoreSite Realty (COR) upgraded to Overweight from Equal Weight at Stephens... Cytokinetics (CYTK) upgraded to Overweight from Neutral at Piper Jaffray... DTS, Inc. (DTSI) upgraded to Outperform at Cowen... Dr Pepper Snapple (DPS) upgraded to Market Perform from Underperform at Wells Fargo... Elizabeth Arden (RDEN) upgraded to Outperform from Market Perform at BMO Capital... EnLink Midstream (ENLC) upgraded to Buy from Hold at Wunderlich... GlaxoSmithKline (GSK) upgraded to Buy from Sell at UBS... Great-West Lifeco (GWLIF) upgraded to Buy from Hold at TD Securities... Himax (HIMX) upgraded to Buy from Neutral at Chardan... Mallinckrodt (MNK) upgraded to Overweight from Neutral at JPMorgan... Medical Properties upgraded to Outperform from Sector Perform at RBC Capital... Microchip (MCHP) upgraded to Buy from Hold at Drexel Hamilton... Orbitz (OWW) upgraded to Neutral from Sell at Goldman... Plains GP Holdings (PAGP) upgraded to Overweight from Equal Weight at Stephens... SanDisk (SNDK) upgraded to Buy from Hold at Drexel Hamilton... SkyWest (SKYW) upgraded to Buy from Hold at Deutsche Bank... Stage Stores (SSI) upgraded at Sterne Agee... Tractor Supply (TSCO) upgraded to Buy from Hold at Argus... Valero (VLO) upgraded to Conviction Buy from Neutral at Goldman... Watsco (WSO) upgraded to Overweight from Equal Weight at Stephens.
09:33 EDTMATMattel, Google confirm View-Master toy collaboration
Mattel (MAT), at the Toy Industry Association’s Toy Fair in New York, unveiled a collaboration with Google (GOOG, GOOGL) via which the two will launch a new "virtual reality" View-Master toy. Available fall 2015, consumers can purchase the View-Master viewer and a sample experience reel for SRP $29.99. Additional experience reel packs will be sold separately at retail for SRP $14.99.
09:25 EDTMSFTUBS software analyst to hold an analyst/industry conference call
Software Analyst Thill, along with Microsoft expert, author and blogger Mary Jo Foley, discuss Microsoft and whether the commercial slowdown is permanent, with AWS (Amazon Web Services) dropping prices and Microsoft matching, how will they make money in the cloud on an Analyst/Industry conference call to be held on February 13 at 11 am.
08:47 EDTSNDKSanDisk upgraded to Buy on connectivity demand at Drexel Hamilton
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07:53 EDTSNDKSanDisk upgraded to Buy from Hold at Drexel Hamilton
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07:05 EDTMSFTMicrosoft volatility at historic lows
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06:08 EDTMATAmerican Girl partners with Fashion Angels on licensing deal
American Girl, a division of Mattel, announced a licensing agreement with Fashion Angels, the designer of tween girls’ lifestyle and activity products, to create a variety of trend-right and fashion-focused arts & crafts products. The new line will be available this fall at retailers nationwide and will include activity kits, fashion sketchbooks, and Do-It-Yourself craft kits for girls to create fun accessories for themselves and their favorite American Girl dolls.
05:45 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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