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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 1, 2014
08:38 EDTNKENike counters Under Armour offer, keeps Durant, ESPN reports
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August 31, 2014
13:20 EDTMUCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 30, 2014
10:08 EDTMURF Micro Devices, Micron better play on Apple suppliers, Barron's says
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August 29, 2014
11:23 EDTNOKNokia enters licensing agreement with Samsung, releases HERE for Android
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08:24 EDTMUMicron should be bought at current levels, says Jefferies
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August 28, 2014
13:56 EDTNOKNokia Here division teases 'Here for Gear' announcement for tomorrow
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12:47 EDTHLFHerbalife volatility flat as shares at low end of 13-month range
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07:29 EDTNOKNokia removed from Europe 1 List at BofA/Merrill
07:15 EDTMUMicron, Hynix to respond to Samsung DRAM capacity ramp, DigiTimes says
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August 27, 2014
16:11 EDTRHTRed Hat CTO Brian Stevens to step down
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11:09 EDTHLFHerbalife at highs following Icahn tweet
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07:28 EDTNKENike gaining share in U.S. back to school market, says Stifel
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August 25, 2014
19:58 EDTNOKRoyalty cap for Nokia, Microsoft deal may be ordered by S. Korea, Bloomberg says
The Fair Trade Commission of South Korea may implement a cap on royalty fees for Nokia (NOK) patents as a condition when they hold a meeting next month to approve the Microsoft (MSFT), Nokia deal, Bloomberg reports, citing the Seoul Economic Daily. Reference Link
11:44 EDTHLFStocks with call strike movement; PVA HLF
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.
August 21, 2014
11:24 EDTNKEUnder Armour offered Durant $265M-$285M contract, ESPN reports
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10:17 EDTMUStocks with call strike movement; MU HTZ
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06:12 EDTMUDRAM prices making downward correction with oversupply concerns, DigiTimes says
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05:52 EDTNOKStocks with implied volatility movement; NOK WLT
Stocks with implied volatility movement; Nokia (NOK) 30, Walter Energy (WLT) 62 according to iVolatility.

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