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Stock Market & Financial Investment News

News Breaks
April 4, 2014
12:09 EDTSNX, ETFC, MYL, HALO, PBPB, AMTD, GRUBOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite the government reporting that employers added 192K jobs in March and hired more in January and February than previously thought. The Nasdaq, which has been leading the equity indexes higher since the beginning of the year, is today's leader to the downside. While the Dow and S&P were down fractionally near noon, the Nasdaq was down about 2%. ECONOMIC EVENTS: In the U.S., the Department of Labor's monthly jobs report showed nonfarm payrolls increased 192K in March, versus the consensus forecast for 200K job additions. Notably, February's job gain was revised up to 197K from the prior estimate of 175K and January war revised up to 144K from 129K. The unemployment rate in March was steady at 6.7%. COMPANY NEWS: Shares of drugmaker Mylan (MYL) were up by a double-digit percentage in pre-market trading following a Financial Times report of the company's desire to buy Swedish rival Meda. Subsequent to the story being published, Meda confirmed it had been in talks with Mylan but rejected the company's takeover offer. Despite the rejection, Mylan shares remained up about 4% near midday... Four new stocks made their debuts on the New York Stock Exchange and Nasdaq this morning, highlighted by the initial public offering of food delivery service GrubHub (GRUB). GrubHub, which had priced its offering of 7.41M shares at $26.00, opened for trade at $40.00 per share. MAJOR MOVERS: Among the notable gainers was SYNNEX (SNX), which rallied 22% after the company’s first quarter results and second quarter outlook topped analysts’ consensus estimates. Also higher were shares of sandwich shop owner Potbelly (PBPB), which rose almost 6% after its stock was upgraded to Outperform at William Blair. Among the noteworthy losers was Halozyme (HALO), which dropped 29% after an independent committee recommended it temporarily halt patient enrollment and dosing of a Phase 2 trial evaluating a drug in patients with pancreatic cancer. Also lower for a second straight day were shares of brokerage firms E-Trade (ETFC) and TD Ameritrade (AMTD) amid concerns that regulators will look to eliminate one of the companies' more profitable businesses amid a growing furor over high-frequency trading sparked by Michael Lewis' new book "Flash Boys." INDEXES: Near midday, the Dow was down 34.07, or 0.21%, to 16,538.48, the Nasdaq was down 85.13, or 2.01%, to 4,152.61, and the S&P 500 was down 9.66, or 0.51%, to 1,879.11.
News For MYL;GRUB;PBPB;ETFC;AMTD;HALO;SNX From The Last 14 Days
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April 8, 2015
16:01 EDTMYLActionable Options for Wednesday, April, 8
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15:27 EDTMYLMylan hasn't made compelling case for Perrigo adding value, says BMO Capital
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15:16 EDTMYLPerrigo not likely interested in a Mylan deal, says BMO Capital
14:23 EDTMYLAdditional bidders for Perrigo could emerge after Mylan offer, says Stifel
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13:07 EDTMYLMylan bid for Perrigo makes strategic sense, says JPMorgan
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13:03 EDTMYLPerrigo says board will meet to discuss Mylan proposal
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12:17 EDTMYLOn The Fly: Midday Wrap
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11:51 EDTMYLPerrigo calls active on Mylan proposal to acquire for $205 per share
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11:45 EDTMYLMylan volatility up after proposes to acquire Perrigo for $205 per share
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11:40 EDTMYLPerrigo up $47.10 to $211.81, trading above Mylan's $205/share proposal
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11:35 EDTMYLGeneric drug maker Akorn up 4% to $49.80 after Myla offers to buy Perrigo
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11:34 EDTMYLGeneric drug maker Akorn up 4% to $49.80 after Myla offers to buy Perrigo
11:32 EDTMYLMylan proposes to acquire Perrigo for $205 per share
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11:31 EDTMYLPerrigo halted for volatility after jumping 7% to $176.42
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11:29 EDTMYLMylan proposes to acquire Perrigo for $205 per share
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09:18 EDTHALOHalozyme to proceed with Phase 3 study of pancreatic cancer candidate
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07:16 EDTMYLMylan one of the cheapest names in Specialty Pharma, says JPMorgan
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April 7, 2015
10:19 EDTMYLHigh option volume stocks
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08:35 EDTGRUBGrubHub addressable market could double, says William Blair
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07:32 EDTMYLMylan launches Norethindrone and Ethinyl Estradiol Tablets in U.S.
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