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Stock Market & Financial Investment News

News Breaks
April 22, 2013
06:05 EDTCBS, AAPL, RAI, DISH, TWX, KWHIY, MO, CLWR, SSNLF, LO, SFTBF, SOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Sprint (S) is battling to buy the roughly 50% stake it doesn't own in Clearwire (CLWR). The fight is against a little-known but determined investment fund called Crest Financial Ltd., and Sprint could end up the loser, the Wall Street Journal reports...When the three major U.S. tobacco companies (MO, RAI, LO) report their Q1 results this week, investors can find comfort in two themes that have remained consistent for years: Cigarette volumes will fall, but profits will rise, the Wall Street Journal reports...REUTERS: Kawasaki Heavy Industries (KWHIY) and Mitsui Engineering & Shipbuilding Co. will begin talks on a possible merger, sources say, Reuters reports...Apple (AAPL) suppliers and investors are struggling to gauge demand for its iconic smartphone as Samsung (SSNLF) and up-and-coming rivals grab market share. Indications of reduced shipments now send shares in Apple and its component-makers into a tailspin, Reuters reports...BLOOMBERG: Time Warner (TWX) and CBS Corp. (CBS) have flirted for years. A marriage now may make more sense than ever, Bloomberg reports...Wall Streetís biggest bond dealers see little chance the Fed will slow the pace of debt purchases designed to boost economic growth before year-end, even as policy makers face calls to curb the buying, Bloomberg reports .
News For S;CLWR;DISH;SFTBF;MO;RAI;LO;KWHIY;AAPL;SSNLF;TWX;CBS From The Last 14 Days
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January 26, 2016
13:10 EDTAAPLApple January weekly 100 straddle priced for 6.3% movement into Q4
12:16 EDTSOn The Fly: Top stock stories at midday
Stocks began the session in positive territory moved cautiously in the opening segment, before shooting higher following the better than expected consumer confidence reading. The Dow is the biggest winner and is up more than 1.5% while the Nasdaq has been lagging but is up more than 0.6%. ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. In Asia, Japan's Nikkei index fell 2.35% while China's Shanghai composite slid 6.4%. COMPANY NEWS: The volume of earnings reports took a step up, with four members of the bluechip Dow Jones Industrial Average posting results before the opening bell this morning. All four advanced on the heels of their reports, with 3M (MMM) leading the pack with a gain of 4.5% despite earnings, excluding restructuring charges, that missed the consensus forecast. The industrial conglomerate did, however, affirm its performance expectations for the new fiscal year. Meanwhile, Johnson & Johnson (JNJ) rose 3%, Procter & Gamble (PG) gained 2.7% and DuPont (DD) added 1.6%... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over next two years and announcing that it has agreed to sell AIG Advisor Group to private equity firm Lightyear Capital and Canadian pension investment manager PSP Investments. AIG also said it will pursue an initial public offering of United Guaranty in mid-2016 to sell up to 19.9% of the outstanding shares as a first step towards a full separation. However, the insurer said it believes a full breakup, as espoused by investor Carl Icahn, would detract from shareholder value, arguing that a lack of diversification benefits would reduce capital available for distribution and there would be a loss of tax benefits. MAJOR MOVERS: Among the notable gainers was Avis Budget (CAR), which rallied 7% after the company raised its share repurchase authorization by $300M and after SRS Investment reported a 9.5% stake in the company. Also higher were Sprint (S) and Coach (COH), which gained 20% and 11%, respectively, after reporting quarterly earnings. In addition, FirstMerit (FMER) rose 16% after reporting quarterly earnings and announcing that it will merge with Huntington Bancshares (HBAN) in a deal valued at $3.4B. Huntington Bancshares fell 10% after the FirstMerit merger agreement was announced. Also lower was Stratasys (SSYS), which dropped 6% after JPMorgan downgraded the shares to Neutral from Overweight. In addition, Polaris (PII) and Waters Corporation (WAT) were down 11% and 4.5%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 273.66, or 1.72%, to 16,158.88, the Nasdaq was up 49.20, or 1.09%, to 4,567.69, and the S&P 500 was up 25.96, or 1.38%, to 1,903.04.
11:13 EDTAAPLActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
09:15 EDTSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Sprint (S), up 19.5%... Rambus (RMBS), up 8%... Freeport-McMoRan (FCX), up 11.3%... Sanmina (SANM), up 9.9%... Coach (COH), up 4.9%. ALSO HIGHER: Firstmerit (FMER), up 21.5% following the merger announcement with Huntington Bancshares (HBAN). DOWN AFTER EARNINGS: Polaris (PII), down 4.2%. ALSO LOWER: Huntington Bancshares, down 6.8% after announcing a merger with Firstmerit. Stratasys (SSYS), down 3.7% after being downgraded to Neutral from Overweight at JPMorgan.
09:05 EDTSSNLFVerizon and Samsung launch network extender solution
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08:40 EDTSSprint CEO says executing on improved network despite press reports
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08:26 EDTTWXTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
07:56 EDTSSprint up 16% after raising adjusted EBITDA view
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07:53 EDTSRBC Capital to hold a field trip
Brazil Telecoms Trip travels throughout Sao Paulo, Brazil visiting with various companies on January 26-27.
07:49 EDTAAPLApple remains a long-term attractively priced asset, says Brean Capital
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07:48 EDTAAPLApple volatility increases into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 77, February is at 42. March is at 34; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results today after the market close.
07:45 EDTS, SFTBFSprint establishing network-related financing entity in partnership with SoftBank
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07:43 EDTSSprint reports Q3 postpaid phone net additions of 366,000
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07:40 EDTSSprint sees FY16 Adjusted EBITDA rising to $9.5B-$10B
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07:39 EDTSSprint raises FY15 adjusted EBITDA view to $7.7B--$8B from $6.8B-$7.1B
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07:33 EDTSSprint reports Q3 adjusted EBITDA of $1.9B
Sprint reported net operating revenue of $8.1B, operating loss of $197M, and Adjusted EBITDA of $1.9B.
07:32 EDTSSprint reports Q3 EPS (21c), consensus (25c)
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06:37 EDTSCertain Sprint users get $5 discount for watching mobile ads, WSJ says
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06:03 EDTAAPLVirnetX seeks $532M from Apple for alleged patent infringement, Bloomberg report
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