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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:16 EDTMW, ORCL, AEO, BYD, VZ, WDAY, JIVE, URBN, AAPL, TMUS, JOSB, SAP, MYGN, FCEL, T, SOn The Fly: Midday Wrap
Stocks on Wall Street continued searching for direction near midday, after having spent time about equal time just above and just below the flat-line in the early hours of the session. The averages drifted lower and fell into negative ground near noon, but generally have been range in a band around where they ended yesterday. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.6% in January, beating expectations for an increase of 0.4%. The NFIB small business optimism index for February fell to 91.4, which was a worse than expected drop from its prior 94.1 reading. The JOLTS report showed job openings rebounded 60K in January to 3.97M. COMPANY NEWS: Softbank (SFTBF) CEO and Sprint (S) Chairman Masayoshi Son confirmed his interest in buying T-Mobile (TMUS) in a number of television interviews, though clearly noted that he has no formal agreement with T-Mobile and that "steps and details" would have to be worked out if a deal were to move forward. Analysts at Wells Fargo think Son is undertaking a "targeted and very purposeful" public relations effort to help make Sprint's case to purchase T-Mobile and believe his comments regarding a "massive price war" if Sprint was given clearance to pursue a merger could pressure shares of AT&T (T) and Verizon (VZ). Shares of both of the incumbent U.S. wireless leaders were down about 1% at midday as Son's public relations tour continues with an event planned in Washington, D.C... Shares of Apple (AAPL) climbed over 1% after research firm Pacific Crest upgraded the tech giant in a note to investors earlier today, citing the opportunity for a 4.7 inch iPhone 6 to increase Apple's gross profit. A number of media outlets have reported that Apple will release a larger screen iPhone this year, but the company has not confirmed the reports... Another name that spiked near midday was Jive Software (JIVE), which jumped after Re/code said the company has explored a sale in recent months, though the report added that Oracle (ORCL), SAP (SAP) and Workday (WDAY) each passed on making a bid. Shares were off their earlier highs but remained up about 5% near noon... Suit retailers Men's Wearhouse (MW) and Jos. A. Bank (JOSB) ended their long and public courtship as Men's Wearhouse struck a deal to acquire its peer for $65 per share in cash. MAJOR MOVERS: Among the notable gainers was Boyd Gaming (BYD), which jumped more than 16% after activist hedge fund Elliott Associates disclosed a stake in the casino operator. Also higher was alternative energy company FuelCell (FCEL), which rose nearly 15% following its quarterly earnings report. Among the noteworthy losers was Myriad Genetics (MYGN), which fell about 10% after a judge denied the company's motion for preliminary injunctive relief against rival Ambry Genetics. Also lower following their earnings reports and cautious commentary about the current environment were mall-based clothing retailers Urban Outfitters (URBN), which slid over 4%, and American Eagle (AEO), which dropped more than 5%. INDEXES: Near midday, the Dow was down 37.08, or 0.23%, to 16,381.60, the Nasdaq was down 3.20, or 0.07%, to 4,331.25, and the S&P 500 was down 4.88, or 0.26%, to 1,872.29.
News For S;TMUS;VZ;T;AAPL;BYD;FCEL;URBN;AEO;MYGN;JIVE;ORCL;SAP;WDAY;MW;JOSB From The Last 14 Days
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November 10, 2014
07:11 EDTTMUS, VZ, AEOOpen Mobile Media to hold a summit
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06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:18 EDTMYGNMyriad Genetics initiated with an Underweight at Morgan Stanley
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06:16 EDTAEOAmerican Eagle downgraded to Neutral from Buy at B. Riley
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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05:54 EDTAEOStocks with implied volatility movement; WFM AEO
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05:48 EDTAEO, URBNU.S. Retail Softlines industry cut to Negative at Barclays
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05:36 EDTAEOAmerican Eagle downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded American Eagle to Equal Weight after reducing its outlook for the retail industry. The firm says its industry data suggests substantial risk to its sales expectations for American Eagle. Barclays lowered its price target for shares to $11 from $15.
November 8, 2014
20:17 EDTVZ, TMUS, S, TAT&T could be the best bet of telecom stocks, Barron's says
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November 7, 2014
16:42 EDTTAT&T increases size of board, elects William Kennard as director
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16:40 EDTTAT&T reaffirms FY14 capex guidance in $21B range
AT&T continues to expect capital expenditures during FY14 to be in the $21B range. AT&T expects 2014 to be the peak investment year for Project VIP and anticipates that the Wireless and Wireline segments’ spend to be proportionally consistent to 2013.
16:06 EDTTAT&T sees FY15 capex budget in $18B range
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16:01 EDTTAT&T acquires Iusacell for $2.5B
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16:00 EDTAAPLOptions Update; November 7, 2014
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10:00 EDTURBNOn The Fly: Analyst Initiation Summary
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
08:46 EDTVZ, TCord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
07:23 EDTMYGNMyriad myPath Melanoma study shows 43% reduction in indeterminate diagnoses
Myriad Genetics presented results from a prospective clinical utility study of its Myriad myPath Melanoma test at the 2014 American Society of Dermatopathology, or ASDP, annual meeting in Chicago, IL. Myriad myPath Melanoma is a genetic test that differentiates malignant melanoma from benign skin lesions across all major melanoma subtypes. Key findings of this clinical utility study included a 43% reduction in indeterminate diagnoses and a 49% change in physicians' treatment recommendations for patients. The study evaluated the impact of the Myriad myPath Melanoma diagnostic test on dermatopathologists' diagnoses and intended treatment recommendations for 218 patients with pigmented skin lesions that were considered difficult to diagnose. The dermatopathologists recorded their diagnoses and treatment plans before and after receiving the myPath Melanoma test results.
06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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