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Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:32 EDTMDCO, CY, MON, FIO, SIG, SHLD, AYIOn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday as investors shift their focus from the fiscal cliff to the fourth-quarter earnings season, set to unofficially kick off after the closing bell when Dow component Alcoa (AA) reports. Expectations for the earnings season are muted, with S&P 500 companies forecast to post earnings growth of just 2.8% for the quarter, according to Thomson Reuters. Profit-growth estimates were sharply reduced from the expected growth rate of 9.2% called for at the end of September, according to FactSet. The averages have drifted lower on fairly light volume, indicating a lack of buying rather than intense selling, as investors may be content to wait to see how the earnings season develops before stepping back in... ECONOMIC EVENTS: In the U.S., the NFIB small-business-optimism index rose to 88.0 in December from 87.5 in November. In Europe, zone-wide unemployment hit a new record rate of 11.8% in November, though the European Commission also separately reported that its December Economic Sentiment Indicator improved by 1.3 points in the euro area, to 87.0, and remained generally unchanged at 88.4 in the broader EU. In Asia, Japan said it will use its foreign reserves to continue to buy bonds issued by the European Stability Mechanism to help weaken the yen... COMPANY NEWS: Sears Holdings (SHLD) said late Monday that CEO Louis D’Ambrosio will step down due to family health reasons and be replaced in that role by Eddie Lampert, its chairman of the board and largest shareholder. Sears also forecast adjusted earnings for Q4 that beat consensus expectations but shares fell about 5% near noon... Among companies reporting earnings after yesterday's close or before today's open, Monsanto (MON) advanced and Acuity Brands (AYI) declined... MAJOR MOVERS: Among the notable gainers were The Medicines Company (MDCO), up 11% after announcing results for a Phase 3 trial of one of its drugs, and Signet Jewelers (SIG), up 9% after reporting its holiday season same-store sales rose 3.3% and issuing earnings guidance. Among the noteworthy losers were Cypress Semiconductor (CY), down 9% after cutting its Q4 earnings forecast, and Fusion-io (FIO), which fell 8% after William Blair downgraded the stock to Market Perform... INDICES: Near noon, the Dow was down 68.23, or 0.51%, to 13,316.06; the Nasdaq was down 15.69, or 0.51%, to 3,083.12; and the S&P 500 was down 7.46, or 0.51%, to 1,454.43.
News For SHLD;MON;MDCO;SIG;CY;AYI;FIO From The Last 14 Days
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July 29, 2015
07:10 EDTMDCOThe Medicines Co. says exploring range of strategic-partnering options
07:10 EDTMDCOThe Medicines Co. reports Q2 adjusted EPS (65c), consensus (48c)
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July 27, 2015
19:09 EDTMONSyngenta claims Monsanto breakup fee only applies in limited cases, Reuters says
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July 24, 2015
17:33 EDTSIGS&P announces changes to S&P 400, 500, and 600 indices
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17:18 EDTSIGPAREXEL to replace Signet Jewelers in S&P 400 as of 7/28 close
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17:17 EDTSIGSignet Jewelers to replace DirecTV in S&P 500 as of 7/28 close
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July 23, 2015
12:01 EDTCYCypress Semiconductor sees some slowdown in China end markets
11:42 EDTCYCypress Semiconductor sees Q3 EPS 15c-19c, consensus 17c
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09:13 EDTCYOn The Fly: Pre-market Movers
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08:17 EDTCYCypress Semiconductor: Annualized synergies achieved ahead of schedule
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08:02 EDTCYCypress Semiconductor reports Q2 EPS 15c, consensus 13c
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06:21 EDTMONMonsanto renews takeover efforts after Syngenta's Q2 results, Reuters says
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July 22, 2015
08:38 EDTSHLDNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 19, 2015
17:37 EDTMONSyngenta plans investor meetings over rejected Monsanto offer, WSJ says
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July 17, 2015
08:17 EDTMONMonsanto CEO tells CNBC 'miles to go' on Syngenta deal
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07:44 EDTMONMonsanto COO: Hostile Syngenta takeover 'some way off,' Reuters says
Monsanto (MON) president and COO Brett Begemann said that any hostile bid for Syngenta (SYT) is "some way off," Reuters reports, citing an interview with Begemann. Monsanto said it is more interested in Syngenta's research capabilities, product liability exposure, and te quality of its reported sales, meaning taking an offer directly to the company's shareholders was "not a very compelling idea," the report says. Reference Link
July 16, 2015
16:01 EDTMDCOHospira announces U.S. launch of generic bivalirudin for injection
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06:44 EDTMONMonsanto-Syngenta tie-up needs many concessions, WSJ reports
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