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Stock Market & Financial Investment News

News Breaks
October 11, 2012
16:24 EDTDLTR, OSK, FAST, SSNLF, AAPL, DTEGY, SFTBF, PCS, CLWR, SOn The Fly: Closing Wrap
Stocks on Wall Street finished flat on the day after lower jobless claims pushed the averages higher to begin the session, but the market was unable to maintain any upward momentum. The Nasdaq in particular was weighed on by a slide in Apple (AAPL) shares, which fell about 2% after an appeals court overturned a temporary injunction that had blocked the sale of Samsung's (SSNLF) Galaxy Nexus smartphone... ECONOMIC EVENTS: In the U.S., weekly initial jobless claims were 339,000, versus the expected 370,000. However, a Labor Department economist reportedly said one large state didn't report additional quarterly figures as expected, which influenced the weekly number. The trade balance report showed a deficit of $44.2B, versus the expected deficit of $44.0B. A separate report showed import prices increased 1.1% in September, versus the expected increase of 0.7%. In Europe, Spainís credit rating was downgraded by S&P by two notches late Wednesday to BBB-... COMPANY NEWS: Shares of Sprint (S) climbed 72c, or 14.29%, to $5.76 after reports emerged, which the company confirmed, that it is in talks with Japanese cellphone company Softbank (SFTBF) regarding a potential "substantial investment." CNBC reported Sprint is working to buy Clearwire (CLWR), possibly in a deal related to the Softbank negotiations. Shares of Clearwire were up 90c, or 69.23%, to close at $2.20... MAJOR MOVERS: Among the notable gainers was Fastenal (FAST), up $3.57, or 8.44%, to $45.89 after the company reported in-line results for its third quarter and raised its dividend. Also up were shares of Oshkosh Corporation (OSK), which rose $3.05, or 11.36%, to $29.90 after investor Carl Icahn made a tender offer to buy any outstanding shares of the company for $32.50 per share and Merrill Lynch said the company may be worth $42-$49 per share in a sum-of-parts valuation. Among the noteworthy losers was Dollar Tree (DLTR), down $3.63, or 7.74%, to $43.28 after saying it sees its Q3 sales coming in at the low end of its prior forecast... INDICES: The Dow lost 18.58, or 0.14%, to 13,326.39; the Nasdaq fell 2.37, or 0.08%, to 3,049.41; and the S&P 500 rose 0.28, or 0.02%, to 1,432.84.
News For S;CLWR;PCS;SFTBF;DTEGY;AAPL;SSNLF;FAST;OSK;DLTR From The Last 14 Days
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April 14, 2014
07:06 EDTAAPLU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
06:50 EDTAAPLChecks show Apple not developing basebands, says Deutsche Bank
Deutsche Bank says that despite recent press reports, its industry checks show that Apple (AAPL) is not developing its own baseband chipset. Deutsche believes Apple likely seeking better integration with existing baseband chipsets or possibly developing its own internal WiFi chipset. The firm thinks Qualcomm's (QCOM) long term prospects remain intact and it reiterates a Buy rating on the stock with an $86 price target.
06:40 EDTS, SSNLF, AAPLNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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06:11 EDTSSNLF, AAPLIntel works with HzO to enhance water resistance in products, DigiTimes says
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April 13, 2014
16:57 EDTSSprint and Spotify plan to team up, Re/code says
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April 11, 2014
12:12 EDTAAPLApple April weekly volatility elevated at 34 into Q2
Apple 4/25/14 weekly call option implied volatility is at 34, May is at 25, June is at 23, October at 21; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on April 23.
11:47 EDTFASTFastenal slips despite better than expected Q1 sales
Shares of industrial and construction supply retailer Fastenal (FAST) are lower after the company reported first quarter earnings per share which matched analysts' consensus and first quarter revenue that surpassed analysts' expectations. WHAT'S NEW: Fastenal's first quarter earnings per share of 38c mirrored analysts' consensus, while its revenue of $876.5M beat analysts' consensus of about $870M. Fastenal said that first quarter daily sales increased 8.7%. WHAT'S NOTABLE: During the company's earnings conference call, Fastenal said its business in January and February were "heavily" impacted by the winter weather. The company said it took a step back in the first quarter, but is very focused on 23% pre-tax growth. Fastenal said heavy equipment was very challenging for the company through FY13, though it is now seeing some nominal improvement in that business. If the situation is right, the company said it is open to future M&A opportunities. OTHERS TO WATCH: Other industrial products distributors include W.W. Grainger (GWW) and HD Supply (HDS). PRICE ACTION: During morning trading, shares of Fastenal slipped 95c or $1.87% to $49.75. Year-to-date, the stock is up a bit more than 4%.
10:41 EDTFASTFastenal says open to future M&A opportunities
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10:21 EDTFASTFastenal says January, February 'heavily' impacted by weather.
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10:19 EDTAAPLApple drops to session lows, levels to watch
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09:37 EDTAAPLActive equity options trading on open
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09:19 EDTSSNLFANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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09:13 EDTFASTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
08:02 EDTAAPLApple Q1 should be in line but slight risk to Q2, says Cowen
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06:55 EDTFASTFastenal reports Q1 EPS 38c, consensus 38c
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06:47 EDTSSNLF, AAPLSamsung ups S5 incentives to fend off rivals, Bloomberg says
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06:46 EDTSSNLF, AAPLDocuments: Samsung misled investors about Galaxy tablet sales, Fotune says
According to documents revealed in the Samsung (SSNLF)-Apple (AAPL) lawsuit, Samsung misled the public about how many tablets it sold in 2011, Fortune reports. Strategy Analytics told the world Samsung sold 2M Galaxy Tablets in six weeks, when "it took Samsung all of 2011 to sell half that many." Reference Link
06:28 EDTAAPLApple: iOS, OSX not affected by Heartbleed flaw, Re/code reports
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06:08 EDTSSNLFMemory suppliers look to bundle NAND flash sales with DRAM chips, DigiTimes says
Some memory device suppliers may be pushing sales of NAND flash chips with DRAM chips in an effort to easy the oversupply of NAND flash products, reports DigiTimes. According to market sources, the prices of NAND chips have continued to decline this year due to the capacity ramps from major companies. Reference Link
06:05 EDTAAPLReport: Apple may offer high-res iTunes tracks in 2 months, Apple Insider says
Apple may plan to offer high-resolution 24-bit tracks on iTunes some time in the next few months, reports Apple Insider. Blogger Robert Hutton, citing an unnamed source, said Apple will charge an additional dollar for the high-resolution tracks. Reference Link
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