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Stock Market & Financial Investment News

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February 19, 2013
12:09 EDTOMX, DGIT, SEE, RRGB, DVA, MOH, AET, WLP, CI, UNH, WCG, HUM, SPLS, ODP, YNDXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite the day’s lone domestic economic report, the National Association of Home Builders' reading on builder confidence, being a disappointment. With a light weekly data calendar and earnings season largely over except for a few big names, like Hewlett-Packard (HPQ), AIG (AIG), and Wal-Mart (WMT) that report this week, the next catalyst may need to come from Washington. On the political front, Alan Simpson and Erskine Bowles proposed a new plan for tax code changes and spending cuts, while President Obama campaigned for compromise as Democrats and Republicans remain far apart as "the sequester" deadline approaches... ECONOMIC EVENTS: In the U.S., the NAHB Housing Market Index reading of 46.0 fell short of the forecast for a reading of 48.0. In Europe, the ZEW institute's index of German investor optimism rose to 48.2 points from 31.5 in January, beating analysts' expectations... COMPANY NEWS: OfficeMax (OMX) and Office Depot (ODP) both surged after the The Wall Street Journal said the companies are in advanced talks to merge. OfficeMax rose over 22% and Office Depot advanced nearly 15%, while their chief rival, Staples (SPLS), gained 11% after several research firms, including Citigroup and Jefferies, predicted that the company would benefit significantly if such a merger goes through and as "going private" chatter about the office retailer continues to circulate... Managed care stocks slid, led by Humana (HUM), after the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates late Friday. Humana said it believes the preliminary base rates in the notice would result in a mid-single-digit decline in its benchmark payment rates and shares fell about 7%. A number of Humana's peers and other healthcare names fell also, including WellCare (WCG), UnitedHealth (UNH), Cigna (CI), Wellpoint (WLP), Aetna (AET) and DaVita (DVA)... MAJOR MOVERS: Among the notable gainers was Red Robin Gourmet Burgers (RRGB), which rose 19% after its earnings and revenue beat Street expectations. Also higher after its earnings report and guidance was Sealed Air (SEE), which jumped over 12%. Among the noteworthy losers was Digital Generation (DGIT), which fell 24% after the company reported its quarterly results and said its special committee concluded its review of strategic alternatives without recommending any transaction. Also lower after its earnings report were shares of Russian search engine company Yandex (YNDX), which declined nearly 12%... INDICES: Near noon, the Dow was up 52.13, or 0.37%, to 14,033.89; the Nasdaq was up 12.14, or 0.38%, to 3,204.17; and the S&P 500 was up 7.96, or 0.52%, to 1,527.75.
News For OMX;ODP;SPLS;HUM;WCG;UNH;CI;WLP;AET;MOH;DVA;RRGB;SEE;DGIT;YNDX From The Last 14 Days
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September 15, 2014
06:02 EDTSPLSStocks with implied volatility movement; EBAY SPLS
Stocks with implied volatility movement; eBay (EBAY) 29, Staples (SPLS) 31 according to iVolatility.
September 12, 2014
12:04 EDTHUMHumana management to meet with Jefferies
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08:08 EDTSEESealed Air reiterated as a top-pick at Credit Suisse
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September 11, 2014
10:00 EDTYNDXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Airgas (ARG) initiated with a Neutral at Northcoast... CBOE Holdings (CBOE) initiated with a Buy at Deutsche Bank... CME Group (CME) initiated with a Buy at Deutsche Bank... Colfax (CFX) initiated with a Neutral at Northcoast... Corporate Office Properties (OFC) initiated with an Overweight at Capital One... Edwards Lifesciences (EW) initiated with a Buy at Sterne Agee... Energen (EGN) initiated with a Buy at Deutsche Bank... Goodrich Petroleum (GDP) initiated with an Outperform at Cowen... GreenHunter Resources (GRH) initiated with a Hold at Stifel... GrubHub (GRUB) initiated with a Market Perform at Barrington... Illinois Tool Works (ITW) initiated with a Neutral at Northcoast... IntercontinentalExchange (ICE) initiated with a Hold at Deutsche Bank... JD.com (JD) initiated with a Buy at Brean Capital... Lincoln Electric (LECO) initiated with a Buy at Northcoast... Live Nation (LYV) initiated with a Buy at Jefferies... Medtronic (MDT) initiated with a Neutral at Sterne Agee... Midstates Petroleum (MPO) initiated with a Market Perform at Cowen... NASDAQ (NDAQ) initiated with a Hold at Deutsche Bank... Newfield Exploration (NFX) initiated with an Outperform at Iberia... Newpark Resources (NR) initiated with an Outperform at Credit Suisse... Nuverra Environmental (NES) initiated with a Buy at Stifel... Palo Alto (PANW) initiated with a Buy at Roth Capital... Petrobras (PBR) initiated with an Outperform at Cowen... RSP Permian (RSPP) initiated with a Hold at Deutsche Bank... Sensata (ST) initiated with an Equal Weight at Morgan Stanley... Stage Stores (SSI) initiated with a Neutral at Credit Suisse... Synergy Resources (SYRG) initiated with an Outperform at Cowen... TE Connectivity (TEL) initiated with an Overweight at Morgan Stanley... Twitter (TWTR) initiated with a Buy at Canaccord... Walter Investment (WAC) initiated with an Underweight at Barclays... Washington REIT (WRE) initiated with an Equalweight at Capital One... Yandex (YNDX) initiated with a Buy at Canaccord... Yara International (YARIY) initiated with a Neutral at Credit Suisse.
06:51 EDTYNDXYandex initiated with a Buy at Canaccord
Target $38.
September 10, 2014
08:42 EDTHUMHumana says all 2015 Medicare Advantage, PDP offerings approved
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08:34 EDTODPOffice Depot announces resignation of Starboard's Jeffrey Smith from board
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08:32 EDTYNDXYandex acquires ADFOX advertising technology platform
Yandex announces the acquisition of ADFOX advertising technology platform. ADFOX was created in 2005 and provides services for planning, managing and analysing advertising campaigns on the internet, and allows its clients to place banners, mobile ads, videos and other popular formats. ADFOX currently serves more than 750 clients, including major publishers, agencies and direct advertisers. Every day, ADFOX serves more than a billion ads. The ADFOX team will be joining the Yandex advertising technologies group, and will work with Yandex's experts to further develop the ADFOX platform for large publishers.
September 9, 2014
14:54 EDTSPLSApple announces Apple Pay
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14:47 EDTSPLSStaples to support Apple Pay in stores this fall
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07:54 EDTAETAetna reaffirms FY14 operating EPS outlook $6.45, consensus $6.58
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06:54 EDTWLPWellPoint still sees FY14 adjusted EPS over $8.60, consensus $8.71
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September 8, 2014
10:25 EDTYNDXHigh option volume stocks:
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08:06 EDTUNHInsperity, UnitedHealth extend contract through 2017
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07:26 EDTAETMorgan Stanley to hold a conference
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05:54 EDTSPLSStaples Canada expands Bullfrog Power partnership
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September 5, 2014
08:05 EDTMOHMolina Healthcare unit in pact in principle with Washington HCA
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07:56 EDTHUMHumana likely to add new growth drivers, says Wells Fargo
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September 4, 2014
12:49 EDTHUM, MOH, AET, WLP, WCG, UNH, CIJudges to revisit ObamaCare subsidies decision, The Hill reports
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06:33 EDTSEESealed Air initiated with an Outperform at BMO Capital
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