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News Breaks | | | | February 14, 2013 | | 16:27 EDT |  | PEP, AAMRQ, STZ, HSP, CSCO, BRK.A, LCC, CTL, GM, HNZ, BUD, Z | On The Fly: Closing Wrap
Stocks on Wall Street were mixed after weekly U.S. jobless claims, global economic data, and a number of M&A announcements sent the market mixed signals. The averages spent much of the session drifting in a narrow range, with the Dow the only major average unable to cross back into positive ground at the close... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 27K from the prior week to 341K, versus expectations for 360K claims. In Europe, the euro zone's 0.6% contraction in gross domestic product in the fourth quarter was the steepest for the bloc since early 2009. In Asia, Japan’s real gross domestic product contracted for the third straight quarter, shrinking 0.1% in the final three months of last year... COMPANY NEWS: M&A dominated the day's headlines. Anhesuer-Busch InBev (BUD) and Constellation Brands (STZ) announced that the terms of their deal had been revised, granting Constellation perpetual rights to distribute Corona and other Modelo brands in the U.S. Shares of Constellation gained $11.87, or 37.23%, to $43.75 after the news. AB InBev shares also gained $4.50, or 5.1%, to $92.76 as Constellation CEO Rob Sands said on a conference call he believes this revised agreement should satisfy competitive concerns raised by the lawsuit brought by Department of Justice... The long-anticipated merger between bankrupt American Airlines parent AMR Corp. (AAMRQ) and US Airways (LCC) was finalized, creating the world's largest airline. AMR's creditors will own a 72% stake in the new airline, while US Airways will hold the other 28%. Shares of US Airways, which have run-up in anticipation of this deal, fell 67c, or 4.57%, to $13.99 following the news... Warren Buffet's Berkshire Hathaway (BRK.A), along with partner 3G Capital, agreed to buy H.J. Heinz (HNZ) for $72.50 per share, a 20% premium over Heinz's closing price on Wednesday. Heinz shares gained $12.02, or 19.87%, to $72.50, while Berkshire class A shares rose 1.01% to $149,240... MAJOR MOVERS: Among major companies reporting earnings, PepsiCo (PEP) gained 78c, or 1.09%, to $72.28, General Motors (GM) lost 92c, or 3.21%, to $27.75, and Dow member Cisco (CSCO) lost 14c, or 0.66%, to $21.00. Another notable gainers was Zillow (Z), which rose $3.33, or 8.55%, to $42.30 after the company's Q4 report beat estimates, the company announced a search agreement with Google (GOOG), and Citigroup raised its price target on shares to $50 from $35. A noteworthy loser was CenturyLink (CTL), which fell $9.42, or 22.6%, to $32.27 after the company announced Q4 results, cut its dividend, and the stock was downgraded by at least six analyst firms. Also lower were shares of Hospira (HSP), down $2.60, or 7.96%, to $30.05 after the company withdrew its 2013 guidance after the FDA expanded the Symbiq import alert originally issued in November of last year... INDICES: The Dow was down 9.52, or 0.07%, to 13,973.39; the Nasdaq was up 1.78, or 0.06%, to 3,198.66; and the S&P 500 was up 1.05, or 0.07%, to 1,521.38. | |
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News For A;PEP;GM;CSCO;Z;CTL;HSP From The Last 14 Days Check below for free stories on A;PEP;GM;CSCO;Z;CTL;HSP the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | CSCO | Options Update; May 17, 2013
 Subscribe for More Information | | | 14:03 EDT | | CSCO | Market set to finish week with gains after Cisco results, comments
Subscribe for More Information | | | 11:59 EDT | | CSCO, A | Options with decreasing implied volatility: ILMN LO A HES INFY CSCO
| | | 10:17 EDT |  | GM | GM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today. | | | 10:07 EDT |  | GM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:35 EDT |  | CSCO | Aruba Networks downgraded to Hold from Buy at Stifel
Subscribe for More Information | | | 06:35 EDT | | CSCO | Stocks with implied volatility below IV index mean; CSCO MBI
Stocks with implied volatility below IV index mean; Cisco (CSCO), MBIA (MBI) according to IVolatility. | | | 05:39 EDT | | GM | General Motors upgraded to Buy from Underperform at CLSA
Subscribe for More Information | | | May 16, 2013 | | 16:29 EDT | | CSCO | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 14:01 EDT | | CSCO | Options Update; May 16, 2013
Subscribe for More Information | | | | 12:24 EDT | | CSCO | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 11:33 EDT | | A | Options with decreasing implied volatility: PANL CSC FTK A NVDA
Subscribe for More Information | | | 10:44 EDT | | CSCO | Cisco results give boost to semiconductor names
Subscribe for More Information | | | 09:48 EDT |  | CSCO | Cisco gaps up and spikes higher in early trading following results
Subscribe for More Information | | | 09:36 EDT | | CSCO | Active equity option families trading on open
Subscribe for More Information | | | 09:19 EDT | | CSCO | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:04 EDT |  | CSCO | Cisco results positive for semiconductors space, says Brean Capital
Subscribe for More Information | | | 09:00 EDT | | CSCO | Cisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94 | | | 08:18 EDT | | CSCO | Cisco price target raised to $28 from $25 at Goldman
Subscribe for More Information | | | 08:14 EDT | | CSCO | Cisco price target raised to $27 from $25 at FBN Securities
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