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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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June 24, 2015
08:25 EDTNFLXNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
08:05 EDTDALDelta Air Lines signs sponsorship deal with the U.K.'s Chelsea Football Club
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08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
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06:56 EDTDDChemours initiated with an Underweight at JPMorgan
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06:51 EDTNFLXNetflix July volatility at 52 into announcing seven-for-one stock split
Netflix June weekly call option implied volatility is at 23, July is at 52, September is at 38; compared to its 52-week range of 24 to 86, suggesting July price movement into announcing a seven-for-one stock split.
06:09 EDTNFLXOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
June 23, 2015
19:03 EDTNFLXOn The Fly: After Hours Movers
UP AFTER PROVIDING GUIDANCE: MeetMe (MEET), up 18.8%. ALSO HIGHER: Nektar Therapeutics (NKTR), up 4.3% after being added to S&P 600... Quidel (QDEL), up 5% after receiving FDA clearance for new Solana molecular system and assay... Vanda Pharmaceuticals (VNDA), up 4.6% after announcing positive results from REPRIEVE study... Netflix (NFLX), up 3.4% after announcing seven-for-one stock split. LOWER: Alcobra (ADHD), down 2.5% after announcing that it will host a conference call and simultaneous webcast presentation to present results from the Phase II clinical trial of MDX... Sysco (SYY), down 2.6% after bid for U.S. foods blocked was blocked by a federal judge... Boeing (BA), down marginally after announcing CEO transition.
18:00 EDTDDS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
16:32 EDTNFLXNetflix up 1.8% after announcing seven-for-one stock split
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16:31 EDTNFLXNetflix announces seven-for-one stock split
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16:30 EDTNFLXNetflix announces seven-for-one stock split
13:09 EDTNFLXHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
09:36 EDTDAL, NFLXActive equity options trading on open
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07:56 EDTDALDetroit Economic Club to hold a meeting
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07:11 EDTDALDelta Air Lines coverage assumed with an Overweight at Morgan Stanley
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June 22, 2015
09:42 EDTDALDelta Air Lines $2 fare increase failed, says JPMorgan
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07:39 EDTNFLXNetflix price target raised to $950 on business momentum at BTIG
BTIG raised Buy rated Netflix's price target to $950 from $600 citing business model momentum. The firm's analyst believes Netflix can grow substantially beyond 50M domestic subs. In addition, as the MVPD bundle unravels, BTIG expects consumers will have money to spend on Netflix and other SVOD services. As the price/value of Netflix grows, the firm believes there is substantial upside potential to its ARPU estimates. BTIG expects Worldwide streaming subs to expand to over 108M by 2017, up from 101M, compared to 57M at year-end 2014. Furthermore, BTIG believes Netflix could reach 140M global subscribers by 2020.
07:19 EDTDALAirlines focusing on upgraded in-flight web services, WSJ reports
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06:14 EDTDDChemours initiated with a Buy at Jefferies
Target $24. The DuPont (DD) Chemicals segment spinoff is trading when-issued until July 1.
June 21, 2015
13:03 EDTDALU.S. airline stocks may rise 15%-50% in one year, Barron's says
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