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Stock Market & Financial Investment News

News Breaks
January 31, 2013
16:43 EDTFTNT, QCOM, STZ, CLSN, SGMS, FB, SWKS, WMS, BUD, FIOOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the averages moved in a narrow range for much of the session on fairly light volume ahead of tomorrow's non-farm payroll report... ECONOMIC EVENTS: In the U.S., weekly unemployment applications jumped 38K to a seasonally adjusted 368K, versus expectations for a more modest rise to 350K. The Challenger job cuts report showed planned layoffs were down 24.4% from the same period a year ago. The Commerce Department said consumer spending rose 0.2% in December, which was slightly slower than the 0.4% increase in November, though income jumped 2.6% in December for the biggest monthly gain since the end of 2004. The Chicago Purchasing Managerís Index came in at 55.6, beating an expected reading of 50.5... COMPANY NEWS: The Department of Justice announced it was suing to prevent Anheuser-Busch InBev's (BUD) planned $20.1B deal to buy control of Grupo Modelo (GPMCF). Shares of AB InBev fell sharply after the news broke, settling down $5.54, or 5.88%, at $88.60. Constellation Brands (STZ), whose deal to acquire the remaining 50% in the Crown Import joint venture it runs with Grupo Modelo is in jeopardy from the DoJ action, lost $6.81, or 17.39%, to $32.36 following the news. However, late in the day, Bloomberg cited sources in reporting that AB InBev's talks about the merger are continuing with U.S. regulators... Facebook (FB) opened sharply lower following its quarterly report, but recovered through the day, eventually closing down only 26c, or 0.83%, at $30.98. Despite earnings and revenue that beat consensus, shares were downgraded by at least five firms as the company said it plans to invest heavily in its business in 2013... Qualcomm (QCOM) saw price targets on its shares raised around the Street following the company's Q1 results and increased guidance and closed up $2.49, or 3.92%, at $66.02... MAJOR MOVERS: Among the notable gainers was WMS Industries (WMS), up $8.38, or 51.19%, to $24.75 after agreeing to be acquired by Scientific Games (SGMS) for $26.00 per share in cash. Shares of Scientific Games opened sharply higher, but fell through the session to close down 4c, or 0.45%, at $8.89. Also higher following earnings reports that beat Street estimates were Fortinet (FTNT), up $4.24, or 21.91%, to $23.59 and Skyworks (SWKS), up $2.38, or 11.04%, to $23.94. Among the noteworthy losers was Celsion (CLSN), down $6.51, or 81.17%, to $1.51 after its Phase III HEAT study of ThermoDox did not meet its primary endpoint. Also lower was Fusion-io (FIO), down $2.61, or 12.99%, to $17.48, after its Q3 revenue view came in well below Street estimates and the stock was downgraded and price targets were cut by at least three firms... INDICES: The Dow was down 49.84, or 0.36%, to 13,860.58; the Nasdaq was down 0.18, or 0.01%, to 3,142.13; and the S&P 500 was down 3.85, or 0.26%, to 1,498.11.
News For STZ;BUD;FB;QCOM;WMS;SGMS;FTNT;SWKS;CLSN;FIO From The Last 14 Days
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February 23, 2015
06:11 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 22, 2015
17:25 EDTQCOMChip designer CEVA takes on Qualcomm in China, Bloomberg says
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February 20, 2015
16:03 EDTFBOptions Update; February 20, 2015
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11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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10:01 EDTWMSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Drainage (WMS) initiated with an Outperform at Boenning & Scattergood... Arctic Cat (ACAT) initiated with a Hold at BB&T... Ardmore Shipping (ASC) initiated with an Accumulate at Global Hunter... Baltic Trading (BALT) initiated with a Speculative Buy at Global Hunter... Cash America (CSH) initiated with a Buy at Jefferies... Costamare (CMRE) initiated with an Accumulate at Global Hunter... DHT Holdings (DHT) initiated with a Buy at Global Hunter... Danaos (DAC) initiated with a Neutral at Global Hunter... Diana Containerships (DCIX) initiated with a Neutral at Global Hunter... Diana Shipping (DSX) initiated with a Neutral at Global Hunter... Euronav NV (EURN) initiated with a Buy at Global Hunter... Forest City (FCE.A) initiated with a Neutral at Citigroup... Fox Factory (FOXF) initiated with a Hold at BB&T... Frontline (FRO) initiated with an Accumulate at Global Hunter... Global Ship Lease (GSL) initiated with a Neutral at Global Hunter... GrubHub (GRUB) initiated with an Overweight at Barclays... Jazz Pharmaceuticals (JAZZ) initiated with an Outperform at BMO Capital... Kinder Morgan (KMI) reinstated with an Overweight at Barclays... Liberty Broadband (LBRDA) initiated with an Outperform at FBN Securities... Liberty Interactive (QVCA) initiated with a Sector Perform at FBN Securities... Liberty Media (LMCA) initiated with an Outperform at FBN Securities... MEI Pharma (MEIP) initiated with a Buy at BofA/Merrill... Navios Acquisition (NNA) initiated with a Buy at Global Hunter... Polaris Industries (PII) initiated with a Buy at BB&T... Raven (RAVN) initiated with an Equal Weight at Stephens... Scorpio Bulkers (SALT) initiated with a Speculative Buy at Global Hunter... Scorpio Tankers (STNG) initiated with an Accumulate at Global Hunter... Seaspan (SSW) initiated with a Neutral at Global Hunter... Star Bulk Carriers (SBLK) initiated with a Speculative Buy at Global Hunter... Tsakos Energy (TNP) initiated with a Buy at Global Hunter... U.S. Concrete (USCR) initiated with an Overweight at Stephens.
09:38 EDTFBActive equity options trading on open
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08:01 EDTCLSNCelsion presents clinical data for GEN-1 IL-12 immunotherapy
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06:36 EDTWMSAdvanced Drainage initiated with an Outperform at Boenning & Scattergood
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05:21 EDTFBFacebook implied volatility of 25 at lower end of index mean range
04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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February 19, 2015
16:01 EDTFBOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
11:47 EDTFBFacebook breaks above its 50-day moving average
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11:40 EDTFBFacebook rises after analyst pegs Instagram value at $33B
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10:15 EDTQCOMQualcomm spikes on activist speculation, levels to watch
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10:07 EDTQCOMQualcomm calls active on speculation of an activist investor stake
Qualcomm February 70 and 71 calls are active on 12K contracts (1K puts) on speculation of an activist investor stake. February call option implied volatility is at 20, March is at 19; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTQCOMRumor: Qualcomm moves up on speculation of an activist investor stake
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09:35 EDTFBOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
07:58 EDTFBFacebook remains a top pick for 2015, says Cowen
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06:17 EDTFBFacebook Seattle gets new office, 1500 hires in 2016, TechFlash says
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05:36 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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