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Stock Market & Financial Investment News

News Breaks
May 16, 2014
09:14 EDTAMAT, WWE, RAX, GME, CHK, BRK.A, JWN, CLF, CSIQ, VZ, JCP, ADSKOn The Fly: Pre-market Movers
HIGHER: Rackspace (RAX), up 24% after hiring Morgan Stanley after approach by "multiple parties"... Nordstrom (JWN), up 9% following quarterly results and announcing that it will seek a financial partner for its credit card receivables... J.C. Penney (JCP), up 18.5% after reporting better than expected first quarter revenue with same-store sales rising 6.2%... Verizon (VZ), up 1.5% after several noteworthy fund managers, including Warren Buffet's Berkshire Hathaway (BRK.A), disclosed stakes in the telecom company. UP AFTER EARNINGS: Applied Materials (AMAT), up 3.8%... Autodesk (ADSK), up 5%. LOWER: WWE (WWE), down 49% after announcing new television deal, providing guidance, shares being downgraded at Benchmark Co... Chesapeake (CHK), down 3% after announcing it will spin off its Oilfield Services business, lowering its FY14 production, operating cash flow, interest expense and dividend payments outlooks... Cliffs Natural (CLF), down 2.5% after downgraded at Macquarie following the company's reduction in FY14 iron ore price forecasts... Canadian Solar (CSIQ), down 10% after EPS misses forecast... GameStop (GME), down 1.3% after research firm NPD reported data on game and console sales in April.
News For A;AMAT;CSIQ;CHK;ADSK;CLF;GME From The Last 14 Days
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January 21, 2015
14:41 EDTAMATASML shares higher after reporting Q4 results, raising dividend
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10:47 EDTGMEOptions with decreasing implied volatility
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08:07 EDTADSKAutodesk, Schneider Electric sign MOU for collaboration
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07:44 EDTAMATApplied Materials coverage assumed with an Outperform at Credit Suisse
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06:42 EDTCHKTotal to cut spending on North Sea, U.S. shale projects, Reuters says
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January 20, 2015
16:00 EDTAMATOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
14:06 EDTCLFCitizens, Keysight identified as long positions by Einhorn
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13:24 EDTCLFGreenlight has new long positions in Citizens, Time Warner, Bloomberg says
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13:00 EDTCSIQCanadian Solar pullback a buying opportunity, says JPMorgan
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10:29 EDTCHKONGC speculated to potentially hold talks to buy Chesapeake, EnergyPlugged says
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10:20 EDTGMEOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
09:14 EDTADSKAutodesk weakness a buying opportunity, says RW Baird
Baird said it would use the recent weakness ins Autodesk as a buying opportunity, citing its conversion to subscription pricing, changes in Direct Sales go-to-market, improving maintenance renewal rates, and increasing sales of cloud products. Baird reiterated its Outperform rating and $65 price target on Autodesk shares.
January 16, 2015
11:36 EDTCLFCliffs Natural volatility elevated on wide price movement
Cliffs Natural January weekly call option implied volatility is at 96. January is at 98, March is at 88, compared to its 26-week average of 79 according to Track Data, suggesting large price movement.
05:45 EDTGMEDecember NPD video game software sales dropped 2%, says Piper Jaffray
Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
January 15, 2015
16:20 EDTCLFOn The Fly: Closing Wrap
Stocks on Wall Street had a see-saw trading day, with every attempt at getting the averages into positive territory being met with more selling. The market spent most of the day in negative territory, however, as the latest bank earnings reports failed to impress investors, the price of oil renewed its downtrend, and the Swiss National bank withdrew its floor support on the Swiss franc. ECONOMIC EVENTS: Internationally, Switzerland's central bank unexpectedly gave up its minimum exchange rate, sending the Swiss franc soaring against the dollar and euro and triggering wild swings in its equity markets. In the U.S., initial jobless claims rose 19K to 316K in the week ended January 10, versus expectations for 298K first-time claims. The producer price index fell 0.3% in December, versus expectations for a decrease of 0.4%. The core PPI rate rose 0.3% in the month, versus expectations for it to be up 0.1%. The Empire State index rebounded to 9.95 in January, beating expectations for a 5.0 reading for the measure of manufacturing activity in the New York area. The Philly Fed index fell 18.0 points to 6.3 in January, which was worse than the projected pullback to a reading of 18.7. WTI crude oil, the U.S. benchmark, reversed its early gains to end the trading session down 4.6% at $46.25 per barrel. COMPANY NEWS: Shares of Target (TGT) advanced $1.34, or 1.8%, to $75.67 after the retailer announced plans to stop operating stores in Canada. Target expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond. The company also raised its forecasts for Q4 U.S. comparable sales growth and adjusted earnings per share, mostly due to increased traffic and stronger-than-expected digital sales... Bank of America (BAC) slid 84c, or 5.24%, to $15.20 after reporting its fourth quarter results, while Citigroup (C), which also issued its Q4 report, dropped $1.82, or 3.71%, to $47.23. MAJOR MOVERS: Among the notable gainers was Cliffs Natural Resources (CLF), which rose 93c, or 11.94%, to $8.72 amid strength in the basic materials sector. Also benefitting the stock may have been a Bloomberg report that said an adviser to Quebec's investment arm stated that Cliffs' closed down Bloom Lake mine has attracted interest from several potential buyers. Also higher were shares of Kraft Foods (KRFT), which climbed $2.92, or 4.66%, to $65.68 after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. Also of note, the Consumer Analyst Group of New York confirmed to Bloomberg that the food and beverage manufacturer canceled its upcoming conference appearance. Among the noteworthy losers was Best Buy (BBY), which dropped $5.61, or 14.06%, to $34.30 after reporting holiday growth that was lower than previous quarters, citing factors including weakness in tablets, and guiding toward comparable sales in the first half of FY16, excluding certain items, to be flat to down by a low-single digit percentage. Also lower were shares of BlackBerry (BBRY), which declined $2.49, or 19.77%, to $10.10 after the company said last night that it is not in talks with Samsung (SSNLF) about a potential merger, rebutting a Reuters report. INDEXES: The Dow fell 106.38, or 0.61%, to 17,320.71, the Nasdaq dropped 68.50, or 1.48%, to 4,570.82, and the S&P 500 declined 18.60, or 0.92%, to 1,992.67.
16:17 EDTGMEGameStop names Tony Bartel COO
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16:01 EDTCLFOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
15:57 EDTCLFCliffs Natural said to have multiple suitors for mine, Bloomberg reports
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15:32 EDTCLFCliffs Natural said to have multiple suitors for Bloom Lake, Bloomberg reports
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10:19 EDTGMEOptions with decreasing implied volatility
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