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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:34 EDTGDI, RHT, YUM, HLF, ASCA, RIMM, SPW, NKE, PNKOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the day, after news last night out of Washington indicated that House Speaker Boehner's 'Plan B' failed to garner enough support for passage in the House, leaving the fiscal cliff unresolved as lawmakers head home for Christmas. Light volume in the markets saw the averages trade in a narrow range following the morning's selloff... 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: After yesterday's close, Research in Motion (RIMM) reported Q3 revenue that beat consensus estimates and quarterly losses that were not as steep as feared, though 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. Shares of RIM opened higher in yesterday's after hours session, but quickly reversed and the weakness continued into today's trading, eventually closing down $3.21, or 22.73%, to $10.91...Yum! Brands (YUM) saw shares down $2.61, or 3.93%, to $63.88, the stock's third straight day of losses following reports that Chinese authorities were testing chicken suspected to have contained an antiviral medicine... MAJOR MOVERS: Among the notable gainers were Pinnacle Entertainment (PNK) and Ameristar Casinos (ASCA), which both rose after Pinnacle agreed to purchase Ameristar for $26.50 per share, or $2.8B. Shares of Pinnacle gained $2.85, or 21.35%, to $16.20 on the news, while Ameristar gained $4.43, or 20.07%, to $26.50. Also higher following earnings reports were Nike (NKE), up $6.10, or 6.16%, to $105.10, and Red Hat (RHT), up $2.38, or 4.52%, to $54.99. Among the noteworthy losers were shares of Herbalife (HLF), down $6.43, or 19.08%, to $27.27 as the company's public fight with Bill Ackman intensifies. Also lower were shares of Gardner Denver (GDI), down $8.14, or 10.78%, to $67.40 after a Reuters report said the company's takeover talks with SPX Corp. (SPW) fell through... INDICES: The Dow was down 120.88, or 0.91%, to 13,190.84; the S&P was down 13.54, or 0.94%, to 1,430.25; the Nasdaq was down 29.38, or 0.96%, to 3,021.01.
News For RIMM;YUM;PNK;ASCA;RHT;NKE;HLF;GDI;SPW From The Last 14 Days
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November 18, 2014
07:31 EDTNKESignet Jewelers names Daniel Shull as Chief Information Officer
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November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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06:31 EDTNKENike downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Nike to Neutral based on valuation.
November 13, 2014
07:57 EDTNKENike positioned to 'significantly increase' dividend, says Nomura
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November 12, 2014
17:57 EDTSPWRelational Investors lowers stake in SPX Corp. to 11.77% from 13.62%
10:34 EDTPNKOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
10:00 EDTPNKOn The Fly: Analyst Upgrade Summary
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07:29 EDTPNKPinnacle Entertainment upgraded to Hold from Sell at Craig-Hallum
November 11, 2014
10:39 EDTPNKOptions with decreasing implied volatility
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05:51 EDTHLFStocks with implied volatility movement; HLF CMCSA
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November 10, 2014
09:35 EDTPNK, PNKPinnacle Entertainment upgraded to Underperform from Sell at CLSA
07:36 EDTYUMPizza Hut to unveil major menu expansion, CNBC reports
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06:17 EDTNKENike price target raised to $107 from $93 at Citigroup
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November 7, 2014
10:40 EDTPNK, HLFOptions with decreasing implied volatility
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10:00 EDTPNKOn The Fly: Analyst Downgrade Summary
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10:00 EDTNKEOn The Fly: Analyst Initiation Summary
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06:58 EDTPNKPinnacle Entertainment downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Pinnacle Entertainment following the announcement it will pursue a tax-free REIT spin-off. The firm said there is are too unknowns that include financing and capitalization of the OpCo/PropCo, lack of a master lease agreement, and earnings haven't been defined.
06:53 EDTNKENike initiated with a Market Perform at FBR Capital
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