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Stock Market & Financial Investment News

News Breaks
March 4, 2014
12:59 EDTRSH, QCOM, VIPS, MDR, CLFOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as the S&P 500 rebounded from yesterday's loss, which was its biggest in a month. Investors were relived and stepped back in to buy after Russian President Vladimir Putin said there’s no immediate need to send troops to Ukraine. The lone economic report of any significance, the ISM report for the New York region, fell from its prior reading but the decline was explained away due to the harsh winter weather. The market rebound could be short lived, however, with the situation in Ukraine not fully resolved by any means. ECONOMIC EVENTS: In the U.S., the New York region ISM reading for February fell to 57.0 from last month's 64.4 figure. COMPANY NEWS: Shares of electronic retailer RadioShack (RSH) dropped 14% after the company reported greater than expected losses during its fourth quarter and announced that it plans to close up to 1,100 of its stores this year in the U.S. The company said its fourth quarter comparable store sales were down 19% and its overall fourth quarter results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues. However, the The company also stated that it is not considering a pre-packaged bankruptcy and it has ample liquidity to meet its obligations. MAJOR MOVERS: Among the notable gainers was Chinese online discount retailer Vipshop (VIPS), which soared 30% after the company's fourth quarter results and first quarter guidance easily surpassed expectations. Also higher was semiconductor chip maker Qualcomm (QCOM), which advanced nearly 4% after raising its quarterly dividend by 20% and increasing its share repurchase authorization by $5B. Among the noteworthy losers was Cliffs Natural Resources (CLF), which dropped 2.5% after the stock was downgraded to Underperform from Market Perform at Wells Fargo. Also lower was energy industry services provider McDermott (MDR), which slid over 9% after reporting a quarterly loss of $1.37 a share and suspending guidance for the “foreseeable future” as it undergoes significant changes. Both Capital One and Stephens downgraded McDermott shares following the report. INDEXES: Near 1 pm ET, the Dow was up 215.00, or 1.33, to 16,383.03, the Nasdaq was up 75.80, or 1.77%, to 4,353.10, and the S&P 500 was up 25.86, or 1.4%, to 1,871.59.
News For RSH;QCOM;VIPS;MDR;CLF From The Last 14 Days
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October 9, 2014
08:10 EDTVIPSVipshop announces ADS ratio change to 5 ADS to 1 ordinary share
Vipshop Holdings announced that it will change its ADS to Class A Ordinary Share ratio from one ADS representing two shares to five ADSs representing one Share, effective November 3. Vipshop ADS holders of record as of the close of business on October 31, 2014 will receive nine additional ADSs for every one ADS held on that date. For Vipshop's ADS holders, this ratio change will have the same effect as a 10-for-1 ADS split. The ADS ratio change will have no impact on Vipshop's underlying Shares. Furthermore, no action by ADS holders is required to effect the ratio change.
October 8, 2014
16:01 EDTCLFOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:43 EDTRSHLitespeed Management reports 8.8% stake in RadioShack
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14:53 EDTCLFCliffs Natural CEO says hasn't sold shares, no clock on non-core sales, WSJ says
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09:38 EDTCLFActive equity options trading on open
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08:48 EDTRSHStandard General to own 50%-80% of Radioshack stock after rights offer
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08:20 EDTQCOMQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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06:01 EDTCLFCliffs Natural implied volatility of 99 at upper end of index mean range
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October 7, 2014
15:16 EDTCLFCliffs Natural volatility increases as shares trend lower
Cliffs Natural October weekly call option implied volatility is at 115, October is at 89, November is at 88, December is at 89, January is at 79; compared to its 26-week average of 48 according to Track Data, suggesting larger price movement.
11:35 EDTQCOMStocks with call strike movement; JPM QCOM
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09:36 EDTRSHActive equity options trading on open
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October 6, 2014
16:00 EDTCLF, RSHOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
13:15 EDTRSHRadioShack still likely to be pushed into bankruptcy, says Wedbush
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12:54 EDTCLFMining stocks rise after report of potential Rio Tinto, Glencore merger planning
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12:08 EDTCLFCliffs Natural, Freeport mover higher after Bloomberg report on Rio Tinto
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09:37 EDTRSHActive equity options trading on open
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09:25 EDTRSHOn The Fly: Pre-market Movers
HIGHER: HP (HPQ), up 5% after confirming plans to separate into two companies... CareFusion (CFN), up 24% after Becton Dickinson (BDX) agreed to acquire the company for $58 per share in $12.2B deal. Becton Dickinson shares are up 7% following the news... Chimerix (CMRX), up 7% after announcing announced that brincidofovir has been provided for potential use in patients with Ebola Virus Disease... Conn's (CONN), up 6.5% after announcing that it is exploring strategic alternatives... TASER (TASR), up 5% after announces multiple orders of TASER Smart Weapons... Tableau (DATA), up 3.5% after upgraded at Morgan Stanley... Splunk (SPLK), up 3.9% after upgraded at Morgan Stanley... Unilife (UNIS), up 52% after signing a 15-year commercial supply agreement with Sanofi (SNY). LOWER: RadioShack (RSH), down 5% after confirming definitive agreements to restructure debt... Alcobra (ADHD), down 43% after announcing results from Phase III study of MDX in adult ADHD... Sunesis (SNSS), down 71% after announcing Phase 3 VALOR trial did not meet primary endpoint... H&R Block Bank (HRB), down 5% after deal with BofI (BOFI) not expected to get regulatory approval this year. Tekmira (TKMR), down 8% after downgraded at Leerink.
08:01 EDTRSHRadioShack has little chance of recovery, says B. Riley
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06:29 EDTRSHRadioShack still needs to improve seales, develop business plan, WSJ reports
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05:49 EDTCLFStocks with implied volatility movement; MNKD CLF
Stocks with implied volatility movement; MannKind (MNKD) 71, Cliffs Natural (CLF) 99 according to iVolatility.
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