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Stock Market & Financial Investment News

News Breaks
April 24, 2012
16:54 EDTBIG, IBM, AAPL, AFFY, MMM, T, NFLX, ALGN, UTXOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with AT&T (T) supporting the Dow and Apple (AAPL) dragging on the Nasdaq. Stock futures were higher in pre-market trading but the Nasdaq futures moved lower as shares of Apple turned down. The futures action led to a mixed open for the broader market, which is the way it remained for most of the session. Early in the day the new home sales report showed that home sales declined but an upward revision to previous months' figures pushed the annual sales rate above expectations. All three major indices moved higher briefly after that report, but they soon turned mixed again, where they would drift for the rest of the day... ECONOMIC EVENTS: In the U.S., new single-family home sales dropped in March but the sales rate beat analysts' expectations as the government upwardly revised its sales figures for prior months, resulting in a seasonally adjusted 328,000-unit annual sales rate. The S&P/Case Shiller 20-city composite home price index fell to its lowest level since the housing market downturn began, but on a seasonally adjusted basis the index gained 0.2% in February. U.S. consumer confidence slipped a bit in April to 69.2, versus expectations of a 69.6 reading. The Richmond Fed manufacturing index rose to 14 from 7 a month ago... COMPANY NEWS: AT&T, United Technologies (UTX) and 3M (MMM) all rose after reporting earnings that beat consensus. Also powering the Dow higher were shares of IBM (IBM), rising 0.69% after the company increased its dividend and share repurchase authorization... MAJOR MOVERS: Among the notable gainers were Align Technology (ALGN), up $4.32, or 15.74%, to $31.76, after its earnings and guidance beat the Street's view, and Affymax (AFFY), up $1.36, or 11.73%, to $12.95, after announcing that its OMONTYS Injection is now available only for use in treating anemia due to chronic kidney disease in adult patients on dialysis. Noteworthy losers included Big Lots (BIG), down $11.00, or 24.06%, to $34.71, after the company lowered its same store sales view, and Netflix (NFLX), down $14.16, or 13.90%, to $87.68, following its earnings report... INDICES: The Dow rose 74.39, or 0.58%, to 13,001.56; the Nasdaq dropped 8.85, or 0.30%, to 2,961.60; and the S&P 500 added 5.03, or 0.37%, to 1,371.97.
News For T;AAPL;UTX;MMM;IBM;ALGN;AFFY;BIG;NFLX From The Last 14 Days
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November 10, 2014
13:26 EDTNFLXCable providers fall after Obama weighs in on net neutrality
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13:14 EDTTAT&T not entering Inflight Connectivity space, RGN reports
AT&T (T) decided not to enter the inflight connectivity after deeming the space too risky, RGN reports, citing sources. AT&T confirmed in a statement to the website, "After a thorough review of our investment portfolio, the company decided to no longer pursue entry into the Inflight Connectivity industry." AT&T's entrance into the space was seen as possibly competitive threat to Gogo (GOGO). Reference Link
12:45 EDTTFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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12:43 EDTTAT&T issues statement on White House Title II announcement
AT&T issued the following statement in response to the White House's announcement regarding Title II. AT&T executive VP Jim Cicconi said, "Today’s announcement by the White House, if acted upon by the FCC, would be a mistake that will do tremendous harm to the Internet and to U.S. national interests. It is a complete reversal of a bipartisan policy that has been in place since the Clinton Administration—namely, to treat Internet access as an information service subject to light-touch regulation. This classification of Internet service has been upheld by the Supreme Court and has enjoyed strong Congressional support for nearly a generation. Now, with one statement, the White House is telling the FCC to ignore this precedent and to instead impose on the entire Internet—from end to end—onerous government regulation designed in the 1930s for a Bell phone monopoly that no longer exists, not for a 21st century technology. This will have a negative impact not only on investment and innovation, but also on our economy overall. For a generation, the Internet has been an American success story. Light-touch regulation has encouraged levels of investment unprecedented by any industry and spawned incredible innovation. Today’s action puts all of that at risk—and puts it at risk not to remedy any specific harm that has occurred. Instead, this action is designed to deal with a hypothetical problem posed by certain political groups whose objective all along has been to bring about government control of the Internet. The White House is proposing to put the Internet and our economy at risk as a result of such political pressures. We feel the actions called for by the White House are inconsistent with decades of legal precedent as well as Congressional intent. Moreover, if the government were going to make such a momentous decision as regulating the entire Internet like a public utility, that decision is more properly made by the Congress and not by unelected regulators without any public record to support the change in regulation. If the FCC puts such rules in place, we would expect to participate in a legal challenge to such action.”
12:42 EDTAAPLFireEye details hack attack found on Apple operating system
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12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:28 EDTIBMIBM announces collaboration with with NVIDIA and Julich Supercomputing
IBM (IBM), in collaboration with NVIDIA (NVDA), and the Julich Supercomputing Center, part of the largest research center in Germany, announced plans for a new competency center to advance the creation and optimization of research applications on GPU-accelerated OpenPOWER compatible systems.
09:45 EDTT, NFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTT, NFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:35 EDTAAPLActive equity options trading
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08:22 EDTTNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTTAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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07:23 EDTNFLXRBC Capital to hold a conference
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07:12 EDTIBMCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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November 8, 2014
20:17 EDTTAT&T could be the best bet of telecom stocks, Barron's says
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