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Stock Market & Financial Investment News

News Breaks
October 22, 2013
12:22 EDTCOH, DAL, DD, RSH, WHR, TRV, LXK, UTX, NFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after the delayed jobs report for September showed employers added a disappointing 148,000 jobs in the month, though the unemployment rate edged further down toward 7%. Though the jobs data missed the mark it is already dated and did represent the 43rd consecutive month of employment growth, which was enough to push the S&P to its fourth consecutive day hitting an all-time high. ECONOMIC EVENTS: The Labor Department's previously delayed employment report for September showed the economy added 148,000 jobs in September, well below analysts’ expectations for 185,000 and down from the nearly 200,000 jobs added in the prior month. The unemployment rate, however, dipped to 7.2% from 7.3%. The Richmond Fed's manufacturing index inched up to 1 in October from a 0 reading in the prior month. Construction spending rose 0.6% in August, beating expectations for it to have grown 0.4% during the month. COMPANY NEWS: Netflix (NFLX) last night reported stronger than expected quarterly results and the stock opened nearly 10% higher this morning. But the shares were down about 4% near noon, after several analysts warned that the stock may not be attractive following its rapid and steep rally... Among the many companies reporting earnings last night and this morning were three members of the Dow Jones Industrial Index: DuPont (DD), Travelers (TRV), and United Technologies (UTX). All three reported headline earnings that beat consensus, though UTX also narrowed its full-year profit forecast and saw its shares slide nearly 1% near noon. MAJOR MOVERS: Among the notable gainers was appliance maker Whirlpool (WHR), which rallied over 11% after the company's adjusted earnings beat forecasts and it raised its full year profit outlook. Also higher following their earnings reports were printer maker and business service provider Lexmark (LXK), which rose 7%, and Delta Air Lines (DAL), which advanced 4%. Among the noteworthy losers following their earnings reports were electronics retailer RadioShack (RSH), which dropped over 23%, and handbag maker Coach (COH), which fell almost 8%. INDEXES: Near noon, the Dow was up 60.75, or 0.39%, to 15,452.95; the Nasdaq was up 6.63, or 0.17%, to 3,926.68; and the S&P 500 was up 8.29, or 0.48%, to 1,752.95.
News For NFLX;TRV;DD;UTX;WHR;DAL;LXK;RSH;COH From The Last 14 Days
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November 12, 2014
08:18 EDTNFLXNetflix CFO expects to expand as much or 'bit more' next year, Bloomberg says
Netflix CFO David Wells said the company plans a “sizable expansion” into new markets next year, projecting expansion on the order of this year or "even potentially a little bit more,” reported Bloomberg, citing Wells' comments at an RBC Capital Markets conference. Reference Link
08:05 EDTDALGoldman to hold a conference
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05:52 EDTUTXUTC Aerospace Systems signs LOI with AVIC Xi'an Aircraft
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November 11, 2014
16:01 EDTNFLXOptions Update; November 11, 2014
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11:45 EDTDALStocks with call strike movement; ESV DAL
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09:31 EDTUTXShejiang Loong Airlines selects Pratt & Whitney AeroPower foor Airbus A320
Pratt & Whitney AeroPower has signed a long-term auxiliary power unit maintenance support agreement with Zhejiang Loong Airlines for its new fleet of 30 Airbus A320 family aircraft, including nine A320neos. The agreement also covers repair and spares support services. First aircraft deliveries are scheduled to begin in 2015. Pratt & Whitney is a United Technologies company.
08:04 EDTUTXUTC Aerospace Systems selected by China Airlines
UTC Aerospace Systems has been selected by China Airlines to supply the wheels and carbon brakes for its fleet of 14 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. China Airlines will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
08:01 EDTCOHMichael Kors promotions picked up in November, says Jefferies
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07:49 EDTCOHBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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November 10, 2014
16:44 EDTNFLXOn The Fly: Closing Wrap
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15:51 EDTDDMorgan Stanley to hold a conference
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14:09 EDTNFLXBoehner strongly opposes net neutrality
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13:26 EDTNFLXCable providers fall after Obama weighs in on net neutrality
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13:06 EDTRSHRadioShack to open most of its stores on Thanksgiving, Bloomberg reports
RadioShack plans to open most of its stores on Thanksgiving for the first time, reports Bloomberg. According to company spokeswoman Merianne Roth, more than 3,000 Radioshack sotres will open from 8 a.m. to midnight. Reference Link
12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
12:07 EDTDDUSDA lowers corn production forecast by 68M bushels
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09:45 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:23 EDTNFLXRBC Capital to hold a conference
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05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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