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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:04 EDTS, SUNEStocks with call strike movement; SUNE S
SunEdison (SUNE) January 26 call option implied volatility decreased 6% to 54, Sprint (S) February 7 call option implied volatility increased 2% to 51 according to IVolatility
News For SUNE;S From The Last 14 Days
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January 26, 2016
07:32 EDTSSprint reports Q3 EPS (21c), consensus (25c)
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06:37 EDTSCertain Sprint users get $5 discount for watching mobile ads, WSJ says
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January 25, 2016
18:13 EDTSUNEGreenlight Capital engages SunEdison over board composition
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16:14 EDTSUNEOn The Fly: Top stock stories for Monday
Stocks began the session in negative territory and remained there throughout the day. The market has yet to de-couple from oil prices, as stocks continue to move in the direction of the commodity. The averages almost made it back to positive ground in the early afternoon, but with oil down more than 4% the sellers emerged and pushed the market toward session lows. The market continued to lose ground as oil fell further, giving up nearly 6% by the close on the New York Mercantile Exchange, bringing stocks' two day win streak to an end. ECONOMIC EVENTS: In the U.S., the economic calendar was light. The Dallas Fed manufacturing survey, the lone report of note, came in at -34.6, below the revised prior reading of -21.6 and short of the consensus -14.5 forecast. West Texas Intermediate for March delivery fell $1.85, or 5.8%, to close at $30.34 a barrel on the NYMEX. COMPANY NEWS: Shares of McDonald's (MCD) advanced 0.7% to $119.20 after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S... Twitter (TWTR) fell 4.6% to $17.02 after CEO Jack Dorsey confirmed on Sunday night the departure of four company executives, leading research firm Stifel to downgrade the shares... Tyco (TYC) jumped 11.6% to $34.15 after reaching a merger agreement with Johnson Controls (JCI) which will see Johnson shareholders owning 56% of the combined company's equity. Johnson Controls fell 3.9% to $34.21 following the merger announcement. MAJOR MOVERS: Among the notable gainers was Valeant (VRX), which rose 4.55% to $92.63 after hospitalized CEO Michael Pearson said he is "on the road to recovery" after a bout of pneumonia. The news was followed by announcements that Valeant has sold three of its skincare brands and received FDA acceptance of its biologics license application for psoriasis drug Brodalumab. Also higher was SunEdison (SUNE), which advanced 2.6% to $2.72 after the Wall Street Journal reported that the company is set to give David Einhorn's Greenlight Capital a seat on its board. Meanwhile, energy savings firm EnerNOC (ENOC) jumped 69.5% to $7.05 after the Supreme Court ruled in favor of FERC's so-called "demand response" rule, sending energy generators Dynegy (DYN) and Talen Energy (TLN) down a respective 11.6% and 6.2%. Among the noteworthy losers was OncoMed (OMED), which plunged 42.9% to $10.04 after its Phase 2 trial of tarextumab in pancreatic cancer showed futility in an interim analysis. Also lower were containerboard and paper makers KapStone (KS), WestRock (WRK) and Packaging Corp (PKG), which dropped about 21%, 15% and 13%, respectively, after an industry publication reported that prices in the sector had declined. Additionally, Caterpillar (CAT) was the Dow's biggest decliner Monday, sinking 5% to $57.90 after being downgraded to Sell at Goldman Sachs. INDEXES: The Dow fell 208.29, or 1.29%, to 15,885.22, the Nasdaq lost 72.69, or 1.58%, to 4,518.49, and the S&P 500 declined 29.82, or 1.56%, to 1,877.08.
14:29 EDTSNotable companies reporting before tomorrow's open
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14:21 EDTSSprint confirms over 2,500 jobs eliminated in latest cuts, KC Star reports
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09:13 EDTSUNESunEdison rallies sharply in pre-market
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09:04 EDTSSprint doubles number of LTE Plus markets
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09:03 EDTSUNEOn The Fly: Pre-market Movers
HIGHER: Tyco (TYC) and Johnson Controls (JCI), up 9% and 1%, respectively, after announcing a definitive merger agreement. Johnson Controls shareholders will own approximately 56% of the equity of the combined company, while current Tyco shareholders will own approximately 44%... SunEdison (SUNE), up 10% after the Wall Street Journal reported that the company is set to give David Einhorn's Greenlight Capital a seat on its board... Affimed Therapeutics (AFMD), up 26% after entering a clinical research collaboration in immuno-oncology with Merck (MRK). UP AFTER EARNINGS: McDonald's (MCD), up 3%... LOWER: Twitter (TWTR), down 5% after its CEO Jack Dorsey confirmed in a tweet last night that several executives are departing the company. Media reports also indicate that, as part of its shake-up, Twitter intends to bring in two new members to its board as soon as this week... OncoMed (OMED), down 38% after an independent data safety monitoring board remarked on several findings regarding futility of the company's Phase 2 ALPINE clinical trial... Medivation (MDVN), down 7% after FDA places investigational new drug application for MDV9300 on partial clinical hold... International Paper (IP), down 4.8%, Packaging Corp. (PKG), down 4.8%, WestRock (WRK), down 6%, after Pulp & Paper Week reduced January kraftliner and corrugated medium prices... Caterpillar (CAT), down 4% after Goldman cuts rating to sell... Regeneron (REGN), down 3% after downgraded at Chardan to sell. DOWN AFTER EARNINGS: Kimberly-Clark (KMB), down 2.5%.
07:32 EDTSTMC to hold a conference
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06:25 EDTSUNESunEdison volatility up, into report to give board seat to Einhorn's Greenlight
SunEdison January weekly call option implied volatility is at 156, February is at 151; compared to its 52-week range of 35 to 250, suggesting price movement into the company set to give David Einhorn's Greenlight Capital a seat on its board, reports the Wall Street Journal, citing sources.
05:51 EDTSUNEOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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05:19 EDTSStocks with implied volatility movement; SWN SCTY
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January 24, 2016
20:21 EDTSUNEOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) could announce a significant executive upheaval Monday, with several product heads said to depart and a new Chief Marketing Officer reportedly stepping in. 2. Johnson Controls (JCI) and Tyco (TYC) are in advanced merger talks, according to the Wall Street Journal. 3. Airbus (EADSY) and Boeing (BA) saw mentions on the heels of Iran's aviation summit as the country eyes big orders to modernize its aging fleet after a lifting of sanctions. 4. SunEdison (SUNE) is set to give David Einhorn's Greenlight Capital a seat on its board, the Wall Street Journal reported. 5. International Paper (IP), Newell (NWL) and Houghton Mifflin (HMHC) were discussed positively by Barron's this weekend, while Chipotle (CMG) was warned against.
19:51 EDTSUNESunEdison to give board seat to Einhorn's Greenlight, WSJ says
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January 22, 2016
12:32 EDTSOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday as they bid for their first two-day winning streak in what feels like a very long time amid a very tough start to 2016. The morning's strength was attributed to a continued rebound in oil prices and the prospects for economic stimulus in Japan, China and Europe. Oil prices remain higher by roughly 7% near noon and are holding solidly above $31 per barrel. As the first major winter storm bears down on the East coast, investor participation may slow down during the afternoon hours. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast. In Europe, Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. In Asia, Japan's Nikkei average rallied nearly 6%, with part of the strength attributed to a Nikkei Asian Review stating that the Bank of Japan is taking a "serious look" at additional easing. COMPANY NEWS: Shares of American Express (AXP) sunk 12% after the company reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors, evidenced by Keefe Bruyette's downgrade of the stock as well as CNBC's David Faber reporting that ValueAct is no longer an American Express shareholder... Fellow Dow member GE (GE) slid 2% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) gained nearly 5% after reporting earnings that topped expectations, approving a quarterly dividend of 50c per share and a new share repurchase program of $10B and saying it plans to cut 10,000 more jobs. MAJOR MOVERS: Among the notable gainers was Golar LNG (GLNG), which rallied 41% after it signed a memorandum of understanding with Schlumberger to jointly market gas monetization solutions. Also higher was Canadian Pacific (CP), which gained 12% and was upgraded to Outperform from Sector Perform at RBC Capital following its quarterly results. In addition, Sprint (S) was 13% higher after saying it will release earnings on January 26, which was earlier than expected, and also after JPMorgan said that the company's 2016 cash burn fears are overdone. Among the noteworthy losers was Rockwell Collins (COL), which fell 3.5% after it reported quarterly earnings and issued fiscal 2016 EPS guidance. Also lower was Cardiovascular Systems (CSII), which dropped 33% and was downgraded to Underperform from Buy at Needham following its quarterly earnings report. INDEXES: Near midday, the Dow was up 131.77, or 0.83%, to 16,014.45, the Nasdaq was up 90.73, or 2.03%, to 4,562.79, and the S&P 500 was up 27.79, or 1.49%, to 1,896.78.
11:55 EDTSSprint volatility elevated into Q3 and outlook
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11:33 EDTSOptions with increasing call volume
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08:38 EDTSUNESunEdison director Tesoriere resigns
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08:06 EDTSSprint 2016 cash burn fears overdone, says JPMorgan
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