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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTRHT, HLF, MU, RIMM, NOK, PNK, ASCA, NKEOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at midday after Republicans failed to back Speaker Boehner's "Plan B" fiscal cliff bill, meaning lawmakers will go home for the Christmas holiday with the cliff still looming. Today's volume is heavy, as is typical for options expiration day, but investors seem to care less about the latest economic reports and remain focused on the impact the fiscal cliff may have on the economy next year... ECONOMIC EVENTS: Reports showed U.S. personal income rose 0.6% in November, versus the expected increase of 0.3%. Consumer spending climbed 0.4% in the month, which matched expectations. Durable goods orders rose 0.7% in November, versus the expected increase of 0.3%. Excluding transportation items, orders jumped 1.6%, versus the expected decline of 0.2%. The final University of Michigan Consumer Confidence reading for December was revised down to 72.9 from a prior 74.5 reading. Analysts called for it to rise slightly to 75.0... COMPANY NEWS: Research in Motion (RIMM) jumped higher in after-market trading immediately after its report that Q3 revenue beat consensus estimates and its quarterly losses were not as steep as feared. However, shares reversed and the weakness extended into today's trading session after the company said on its conference call that it plans to introduce a lower enterprise service tier, which multiple Wall Street analysts said may cut into one of its highest margin revenue streams. The company also agreed to a patent deal with Nokia (NOK), under which it will make a one-off payment and pay ongoing fees to it smartphone rival. Shares of Research in Motion plunged over 18% in afternoon trade, while Nokia slid nearly 5%... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase its fellow casino operator for $26.50 per share, or $2.8B. Shares of the buyer rose over 18%, while Ameristar jumped nearly 20%. Also higher were shares of Nike (NKE), which rose almost 5%, and Red Hat (RHT), up nearly 4%, after their earnings reports. Among the noteworthy losers were Herbalife (HLF), down more than 14% as the company's public fight with Bill Ackman intensifies, and Micron (MU), down 8% following its worse than expected quarterly results... INDICES: Near noon, the Dow was down 175.99, or 1.32%, to 13,135.73; the Nasdaq was down 45.81, or 1.50%, to 3,004.58; and the S&P 500 was down 19.77, or 1.37%, to 1,423.92.
News For RIMM;NOK;PNK;ASCA;NKE;RHT;HLF;MU From The Last 14 Days
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September 10, 2014
07:56 EDTRHTRed Hat October volatility elevated into Q2 and outlook
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07:33 EDTNOKW.P. Carey completes sale-leaseback with Nokia in Poland for $13M
W. P. Carey's (WPC) managed non-traded REIT CPA:17 Global has completed a sale-leaseback with Nokia Solutions and Networks, a subsidiary of Nokia (NOK). The office/R&D facility is located in Krakow, Poland and was acquired for approximately $13M.
07:24 EDTRHTRed Hat coverage assumed with a Neutral at MKM Partners
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September 9, 2014
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
07:17 EDTNOKThe Wireless Association to hold a conference
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06:20 EDTNKEForrester: Apple could sell 10M iWatches this year, FT reports
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September 8, 2014
11:05 EDTRHTOptions with increasing implied volatility
Options with increasing implied volatility: NPSP GILD VNET AVNR GTAT YHOO RHT VRTX SDRL COV MYL
September 5, 2014
11:47 EDTRHTOptions with increasing implied volatility
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09:10 EDTHLFHerbalife distributor claims fired for web sales, Seeking Alpha contributor says
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September 4, 2014
12:50 EDTMUMicron's Adams says market different now due to consolidation, diversification
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11:05 EDTRHTOptions with increasing implied volatility
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10:32 EDTRHTCisco, Red Hat expand relationship, launch solution for OpenStack
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09:10 EDTRHTBarclays' top ideas in U.S. Software for 2H 2014
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06:53 EDTMUMicron reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of Micron with a Buy rating saying the company's improved profitability and free cash flow generation are sustainable. The firm has a $40 price target for shares.
September 3, 2014
12:19 EDTRHTOptions with increasing implied volatility
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10:52 EDTRHTRed Hat September volatility increases into Q2 and outlook
Red Hat September call option implied volatility is at 47, October is at 32, December is at 29; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on September 18.
09:29 EDTMUMicron, SanDisk have positive read though from Samsung proxy, says Sterne Agee
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07:00 EDTNOKCredit Suisse recommends buying EMC, Nokia into 2H
Credit Suisse recommends buying EMC (EMC) and Nokia (NOK) into 2H. The firm believes EMC remains undervalued and sees different paths of value creation that include cash returns and a spin-off of VMware (VMW) and that Nokia will see 2H revenue growth following recent divestitures and recent contract momentum. Both are Outperform rated.
September 2, 2014
11:43 EDTHLFChina announces 'major' busts as result of pyramid probe, Shanghai Daily reports
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11:20 EDTNOKNokia management to meet with Oppenheimer
Meeting to be held om Boston on September 8 hosted by Oppenheimer.
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