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Stock Market & Financial Investment News

News Breaks
April 4, 2014
09:13 EDTMYL, SNX, OPTT, HALO, PBPB, ALGN, KMX, GME, MRCY, MU, BAOn The Fly: Pre-market Movers
HIGHER: Mylan (MYL), up 6.8% after report of desire to buy Swedish rival Meda, which confirmed it had been in talks with Mylan but rejected the company's takeover offer. Shares of Mylan were also upgraded to Buy this morning at Citigroup... Mercury Systems (MRCY), up 8.8% after Reuters said Boeing (BA) is considering a takeover bid of the supplier..Micron (MU), up 3% after reporting earnings and revenue that topped expectations... Align (ALGN), up 6% after winning patent case against ClearCorrect... GameStop (GME), up 2.8% following upgrade at BofA Merrill Lynch... Potbelly (PBPB), up 4.6% after upgrade at William Blair.... SYNNEX (SNX), up 18.5% after earnings report. LOWER: CarMax (KMX), down 3.3% after reporting earnings and revenue that fell below expectations... Halozyme (HALO), down 33% after announcing temporary halt of Phase 2 trial enrollment for PEGPH20... Ocean Power (OPTT), down 15% after 3.8M share Spot Secondary priced at $3.10.
News For MYL;MU;MRCY;GME;KMX;ALGN;PBPB;HALO;OPTT;SNX;BA From The Last 14 Days
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October 20, 2014
13:01 EDTBABoeing partners with Kenya Airways
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12:36 EDTHALO, MUOptions with decreasing implied volatility
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09:04 EDTHALOBaxter, Halozyme launch HYQVIA in U.S.
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08:32 EDTHALOHalozyme receives FDA approval for new Hylenex recombinant facilities
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08:04 EDTMYLGerman fund pressured to sell Mylan stake over drug used in executions, FT says
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07:50 EDTALGNAlign Technology upgraded to Outperform from Neutral at Credit Suisse
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07:20 EDTMYLInternational Continence Society to hold annual meeting
ICS Annual Meeting 2014 is being held in Rio de Janeiro, Brazil on October 20-24.
06:53 EDTMUMicron upgraded to Outperform from Sector Perform at Pacific Crest
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06:43 EDTALGNAlign Technology upgraded to Outperform from Neutral at Credit Suisse
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06:10 EDTBALufthansa publishes timetable in response to VC planned strike
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06:03 EDTALGNAlign Technology upgraded to Buy from Neutral at Goldman
Goldman upgraded Align Technology to Buy due to relative valuation and long-term growth. Price target lowered to $59 from $65.
05:58 EDTMUMicron upgraded to Outperform from Sector Perform at Pacific Crest
October 17, 2014
11:58 EDTBATextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
11:51 EDTMUStocks with call strike movement; MU DAL
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09:16 EDTMUMicron management to meet with MKM Partners
Meetings to be held in New York on October 23 and in the Mid-Atlantic area on October 24 hosted by MKM Partners.
09:00 EDTGMEGameStop management to meet with SunTrust
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07:32 EDTBABoeing volatility elevated into Q3 and outlook
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07:31 EDTBAEMC volatility elevated into Q3 results and outlook
EMC October weekly call option implied volatility is at 51, November is at 34, January is at 27; compared to its 26-week average of 23 into the expected release of Q3 results on October 22.
07:31 EDTMUSamsung first to market with new multilayer NAND technology, Nikkei says
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05:39 EDTGMESeptember NPD video game software sales fell 36%, says Piper Jaffray
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