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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:21 EDTMU, HLF, RHT, NKE, NOK, ASCA, RIMM, PNKOn 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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April 10, 2015
10:33 EDTNOKNokia considering sale of 'Here' maps business, Bloomberg reports
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April 9, 2015
11:49 EDTHLFHerbalife rallies amid circulation of FTC Commissioner comments
Shares of Herbalife moved higher amid circulation of comments made Tuesday by FTC Commissioner Maureen Ohlhausen regarding direct sellers. According to The Hill, Ohlhausen told the direct selling industry at the National Press Club in Washington, ""I commend you for your partnership with that has increased awareness and understanding – and appreciation – of the importance that the direct selling industry places as an industry on ensuring it is an ethical and trustworthy marketplace." The comments are being viewed as suggesting Herbalife will be less likely to face scrutiny from the FTC. Shares of the direct seller are up 86c to $83.61 in midday trading. Reference Link
10:32 EDTMUOptions with decreasing implied volatility
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09:18 EDTNKEBofA/Merrill retail analysts hold an analyst/industry conference call
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07:36 EDTRHTRed Hat OpenStack could more than double in three years, says JPMorgan
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06:41 EDTNKEPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
11:22 EDTMUOptions with decreasing implied volatility
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11:07 EDTMUOptions with decreasing implied volatility
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April 7, 2015
11:09 EDTMUOptions with decreasing implied volatility
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10:43 EDTRHTInformatica rises after agreeing to be taken private for $48.75 per share
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09:05 EDTMUMicron management to meet with Oppenheimer
Meeting to be held in Texas on April 13 hosted by Oppenheimer.
08:01 EDTHLFHerbalife announces one-year partnership with Global Health Strategies Institute
Herbalife announced a one-year partnership with Global Health Strategies Institute to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme and School Health Programs. As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to help provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed. In the first phase of the project, GHSI will conduct a landscape analysis to help all parties understand the nutritional landscape, provide insights into the required nutritional support, the target beneficiaries, expected reach, implementation model and potential partners.
05:59 EDTMUMicron implied volatility of 23 at lower end of index mean range
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05:55 EDTHLFStocks with implied volatility movement; MNKD HLF
Stocks with implied volatility movement; MannKind (MNKD) 68, Herbalife (HLF) 89 according to iVolatility.
April 6, 2015
19:49 EDTHLFHerbalife implements online ordering, LA Times says
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13:35 EDTMUSanDisk climbs after being identified as 'excellent' takeover target
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10:09 EDTPNKHigh option volume stocks
High option volume stocks: DBA DLPH OUTR PNK TROW SLCA MTB EMR MTG IVZ
09:26 EDTHLFHerbalife moves down in pre-market
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09:22 EDTHLFOn The Fly: Pre-market Movers
HIGHER: Uniqure (QURE), up 44.2% following strategic collaboration with Bristol-Myers (BMY)... Cytori Therapeutics (CYTX), up 22.4% after Lorem Vascular receives regulatory clearance in China... Curis (CRIS), up 8.5% after FDA grants orphan drug designation to CUDC-907 for the treatment of Diffuse Large B-Cell Lymphoma... Capnia (CAPN), up 5.9% after being awarded a $220,000 NIH grant... Tesla (TSLA), up 3.8% after reporting first quarter deliveries up 55% to 10,030 cars... Ariad (ARIA), up 3.4% following approval of Iclusig in Canada... Lumber Liquidators (LL), up 3.1% after being upgraded to Outperform from Market Perform at Raymond James. LOWER: Magnum Hunter (MHR), down 8.9% after being downgraded to Hold from Buy at Wunderlich... Herbalife (HLF), down following CNBC report that federal law enforcement agencies contacted the company regarding its business practices... Qualcomm (QCOM), down 2.2% following a Wall Street Journal report that the Samsung (SSNLF) Galaxy S6 did not have a Qualcomm LTE modem... Skyworks (SWKS), down 2.1% after being downgraded to Equal Weight from Overweight at Stephens.
06:17 EDTHLFHerbalife contacted by federal investigators, CNBC says
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