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Stock Market & Financial Investment News

News Breaks
December 21, 2012
14:05 EDTNYX, ICE, ELOQ, ORCL, AAPLMarket set to end week little changed as cliff fears offset strong data
Once again stocks are poised to finish the week little changed, as concerns about the looming fiscal cliff canceled out stronger than expected economic data... MACRO NEWS: House Speaker John Boehner decided not to hold a vote on his deficit reduction bill, after it became clear that the measure wouldn't pass the House due to opposition by Democrats and conservative Republicans. As of Friday afternoon, no solution to the looming fiscal cliff was visible, and investors were becoming more pessimistic about the chances of avoiding the cliff... On the other hand, several important pieces of U.S. economic data from November were better than expected. Existing home sales, durable goods orders, housing permits and personal income all beat expectations. But not all the economic data was bullish, as an index of consumer confidence for December, housing starts for November, and last week's new jobless claims were all slightly weaker than expected... COMPANY NEWS: Another positive development this week was the heating up of the M&A market. Among the bigger deals were the merger between IntercontinentalExchange (ICE) and the NYSE Euronext (NYX) and the acquisition of software as a service marketing company Eloqua (ELOQ) by Oracle (ORCL)... Oracle also reported results, and its second quarter EPS and revenue both came in above analysts' consensus estimates... A federal judge denied a request by Apple (AAPL) to ban the sales of a number of Samsung's smartphones.
News For NYX;ICE;ELOQ;ORCL;AAPL From The Last 14 Days
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September 3, 2014
10:40 EDTAAPLAnalyst sees security 'spending frenzy' amid high-profile hacks
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10:27 EDTAAPLApple falls, levels to watch
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
09:15 EDTORCLOn The Fly: Pre-market Movers
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08:58 EDTAAPLInvestors should take profits in Apple, says Pacific Crest
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08:06 EDTAAPLApple iWallet poses threat to PayPal, says RW Baird
Baird said an Apple (AAPL) mobile payments platform will pose a headline risk to eBay's (EBAY) PayPal. The firm sees it as a particular threat to growth opportunities at point-of-sale, although Baird notes PayPal has a solid start, a strong fraud detection platform, compliance with bank regulators, and accelerating growth in e-commerce payments. The firm has Outperform ratings on both stocks, with a price target of $63 on eBay and a target of $105 on Apple.
07:57 EDTAAPLApple coverage assumed with a Perform at Oppenheimer
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07:48 EDTORCLConcur a highly desirable M&A target, says UBS
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07:05 EDTAAPLNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
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06:20 EDTAAPLSupply chains ramp up component production for 9.7-inch iPad, DigiTimes says
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September 2, 2014
16:33 EDTORCLConcur explores sale, talks to SAP and Oracle, Bloomberg says
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16:25 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; September 2, 2014
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14:32 EDTAAPLApple says no breach in iCloud or Find my iPhone
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12:09 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq clinging to narrow gains and the Dow and S&P both down about 0.25%. Stocks began the session basically unchanged but turned mixed within minutes of the open. The volume has been light and the market has moved in a narrow range, continuing the type of pattern that was seen all of last week ahead of the holiday. ECONOMIC EVENTS: In the U.S., Markit's final manufacturing PMI for August dipped slightly from the flash print of 58.0 to 57.9, but that was up from July's 55.8 reading. ISM's manufacturing index for August climbed to 59.0 from 57.1 in July, beating expectations. Construction spending bounced back 1.8% in July, beating expectations for it to have risen 1.0% after declining in the prior month. In Asia, HSBC's final manufacturing PMI for China edged down to 50.2 from the preliminary 50.3 August reading, which was already down from the 51.7 report in July. The Chinese government's official purchasing managers index came in at 51.1 for August, which was down from its 51.7 reading in July. In Europe, the Eurozone's final manufacturing PMI for August was revised down to 50.7 from 51.8 in the preliminary reading. COMPANY NEWS: Apple (AAPL) was in the headlines following a celebrity photo hack involving several of its iCloud accounts. Despite the negative publicity from those events, the stock gained nearly 1% after noted Piper Jaffray analyst Gene Munster raised his price target on the tech giant's shares to $120 from $105, citing the upcoming launch of new products and services. Another firm, Cantor, said in its own note to investors that it believes that Apple will have its most exciting product launches "in many years" over the next few months... In M&A news, Dollar General (DG) rose almost 1% after increasing its all-cash proposal to buy Family Dollar (FDO) to $80.00 per share and also increasing the number of stores that it would be willing to agree to divest to 1,500 if ordered by the FTC. Shares of Family Dollar, which previously rejected Dollar General's prior proposal on the basis of antitrust regulatory concerns, traded above the new offer price, while Dollar Tree (DLTR), which currently has a merger agreement deal in place with Family Dollar, also gained 1.5%. MAJOR MOVERS: Among the notable gainers were two other companies involved in M&A, one which was a buyer and one which was bought. Norwegian Cruise Line (NCLH) advanced 12% after agreeing to acquire upscale peer Prestige Cruises for $3.03B, while Compuware (CPWR) rose over 12% after the company confirmed it agreed to be acquired by private equity investment firm Thoma Bravo in a transaction valued at approximately $2.5B. Among the noteworthy losers was Exelixis (EXEL), which plunged 53% after its phase 3 pivotal trial of cabozantinib in certain men with metastatic castration-resistant prostate cancer did not meet its primary endpoint and the stock was downgraded by at least three Street research firms. Also lower was lease-to-own retailer CONN'S (CONN), which dropped 30% and was downgraded at Piper Jaffray after weakness in its credit operations prompted a Q2 earnings miss and caused the company to cut its fiscal year guidance. INDEXES: Near midday, the Dow was down 43.58, or 0.25%, to 17,054.87, the Nasdaq was up 2.97, or 0.06%, to 4,583.24, and the S&P 500 was down 4.83, or 0.24%, to 1,998.54.
11:03 EDTAAPLApple hits another fresh life high, levels to watch
Despite headlines concerning a high-level iCloud security breach targeting celebrity accounts, the stock is edging to a fresh life high this morning. Traders appear more focused on the upcoming product announcement on September 9th. At the current price of $103.65, there is no overhead resistance. A new upside objective for the bulls would potentially be at $105 or $107, both typical and currently active options strike prices. Support is at $102.50, the prior closing price.
10:33 EDTAAPLApple price target raised by noted analyst ahead of launches
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09:41 EDTAAPLActive equity options trading on open
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07:09 EDTAAPLApple new product launch to be most exciting in years, says Cantor
Cantor believes that over the next few months Apple will have its most exciting product launch "in many years." The firm thinks the 4.7 inch and 5.5 inch iPhones may not be made available for purchase simultaneously, while the company's watch could be announced next week but not be made available immediately. The firm keeps a $123 price target and Buy rating on the shares.
06:34 EDTAAPLApple cuts iPad mini prices as non-Apple vendors may follow, DigiTimes says
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