Stock Market & Financial Investment News

News Breaks March 15, 2013 06:21 EDT STZ, LNKD Stocks with implied volatility below IV index mean; STZ LNKD Stocks with implied volatility below IV index mean; Constellation Brands (STZ), LinkedIn (LNKD) according to iVolatility. News For STZ;LNKD From The Last 14 Days Check below for free stories on STZ;LNKD the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 09:13 EDT LNKD LinkedIn unveils new navigation bar Subscribe for More Information 07:49 EDT LNKD LinkedIn acquires team of social polling start-up Maybe, TechCrunch reports Subscribe for More Information May 21, 2013 10:00 EDT LNKD On The Fly: Analyst Initiation Summary Subscribe for More Information 08:50 EDT LNKD LinkedIn initiated with a Buy at BGC Partners Subscribe for More Information 07:16 EDT STZ Constellation Brands volatility low after recent rally to record high Constellation Brands (STZ) overall option implied volatility of 28 is below its 26-week average of 40 according to Track Data, suggesting decreasing price movement. May 16, 2013 16:29 EDT STZ 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. 10:03 EDT STZ On The Fly: Analyst Upgrade Summary Subscribe for More Information 08:07 EDT STZ Constellation Brands upgraded to Strong Buy from Buy at ISI Group Subscribe for More Information 07:28 EDT STZ Constellation Brands upgraded to Buy from Hold at Stifel Stifel upgraded Constellation Brands citing accelerating high end beer sales and positive distributor and supplier checks that indicate low-single digit price increases in spirits. Price target is $64. May 15, 2013 17:26 EDT STZ Third Point gives quarterly update on stakes NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). 10:13 EDT LNKD On The Fly: Analyst Initiation Summary Subscribe for More Information May 14, 2013 16:08 EDT LNKD LinkedIn initiated with a Neutral at RW Baird Subscribe for More Information May 13, 2013 11:28 EDT LNKD LinkedIn management to meet with Maxim Group breakfast to be held in New York on May 17 at 8:30 am hosted by Maxim. Sign up for a free trial to see the rest of the stories you've been missing.