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Stock Market & Financial Investment News

News Breaks
December 20, 2012
12:27 EDTFOLD, GOOG, ELOQ, KMX, ARRS, ICE, MDRX, RAD, ORCL, NYXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as investors appear to be in a holding pattern until more clarity on the fiscal cliff emerges. A number of domestic economic reports were released throughout the morning, including weekly jobless claims data, the leading economic indicators, and the final revision to third quarter GDP, but market participants remain fixated on the cliff negotiations in Washington, leaving the averages to drift... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 17,000 to 361,000, versus expectations for a climb to 360,000. Third-quarter GDP growth was revised up to 3.1% from the prior 2.7% estimate, beating expectations for a more modest upward revision to 2.8%. The Philadelphia Fed Manufacturing survey for December had a reading of +8.1, versus the expected -3.0. The index of U.S. leading indicators fell 0.2% in November, which matched the consensus forecast. Existing home sales were up 5.9% from the prior month to a seasonally adjusted annual rate of 5.04M units in November, beating expectations. A separate report said home prices edged up 0.5% on a seasonally adjusted basis from September to October, which was also more than expected. In Asia, the Bank of Japan expanded its asset-purchase program by Y10T, or over 10%, to Y101T... COMPANY NEWS: Acquisitions in the financial and tech industries sent two stocks up over 30%. IntercontinentalExchange (ICE) agreed to acquire NYSE Euronext (NYX) in a stock-and-cash transaction currently valued at $33.12, sending shares of NYSE up 33% to $32.01 and IntercontinentalExchange shares down fractionally. Also, Oracle (ORCL) struck a deal to buy Eloqua (ELOQ), a provider of cloud-based software, for $23.50 per share, sending Eloqua's stock up 31% to $23.51... Google (GOOG) agreed to sell its Motorola Home Business for $2.35B in cash and stock to ARRIS Group (ARRS). Google shares moved fractionally higher, while ARRIS' stock jumped nearly 5%... MAJOR MOVERS: Among the notable gainers were Rite Aid (RAD), up over 15%, and CarMax (KMX), up nearly 9%, following their quarterly reports. Among the noteworthy losers was Amicus Theraputics (FOLD), down about 45% after Leerink cut its price target on shares and Capstone downgraded the stock following the failure of its study of a therapy for Fabry disease. Also lower were shares of Allscripts (MDRX), which fell almost 14% after its evaluation of strategic alternatives ended without a sale and its CEO stepped down... INDICES: Near noon, the Dow was down 15.36, or 0.12%, to 13,236.61; the Nasdaq was down 4.53, or 0.15%, to 3,039.83; and the S&P 500 was up 0.31, or 0.02%, to 1,436.12.
News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX From The Last 14 Days
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January 15, 2015
13:06 EDTGOOGGoogle to stop selling Glass to individuals on January 19, WSJ reports
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10:16 EDTKMXCarMax management to meet with Oppenheimer
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09:08 EDTGOOGLendingClub and Google partner for new business financing program
Lending Club (LC) announced a new pilot program in partnership with Google (GOOG) to facilitate low-interest financing to eligible Google partners. The program allows Google to purchase the loans, thus investing its own capital in its partner network to drive business growth. Lending Club will service the loans.
09:05 EDTGOOGGoogle and PricewaterhouseCoopers partner to bid for DoD healthcare program
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07:20 EDTICENASDAQ may enter energy derivatives market, Reuters reports
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06:30 EDTGOOGGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
06:09 EDTFOLDAmicus Therapeutics promotes Bradley Campbell to President and COO
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06:04 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 14, 2015
14:27 EDTRADRite Aid says still has 'very solid' script volume trends
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14:18 EDTRADRite Aid sees FY15 net income $342.5M, consensus 34c
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12:21 EDTGOOGGoogle to launch smartphone in test market of Puerto Rico, Tech Crunch says
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10:27 EDTGOOGFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTGOOGGoogle initiated with a Buy at Rosenblatt
Target $575.
09:36 EDTGOOGActive equity options trading
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08:15 EDTGOOGGoogle sentiment may be overly negative, says RW Baird
Baird believes investor sentiment for Google may be overly negative, exacerbated by the accelerating shift to mobile. The firm believes that 50%-60% of Google's revenues are already coming from Mobile, Video, Local Enterprise and other segments, which removes worries about desktop dependence. Baird also noted the company's valuation is at the low end of comparable multiples, suggesting a favorable risk/reward scenario. Baird reiterated its Outperform rating and $680 price target on Google shares.
07:41 EDTGOOGGoogle risk/reward compelling, says SunTrust
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07:37 EDTMDRXJPMorgan to hold a conference
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06:29 EDTGOOGCompanies reach new deal on worker hiring issue, Reuters says
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06:14 EDTGOOGMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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06:03 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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