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Stock Market & Financial Investment News

News Breaks
April 24, 2012
16:54 EDTNFLX, ALGN, UTX, BIG, IBM, AAPL, AFFY, MMM, TOn 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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December 9, 2014
07:32 EDTTUBS to hold a conference
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07:05 EDTUTXPall Corp. announces resignation of CFO Akhil Johri
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07:03 EDTUTXUnited Technologies appoints Akhil Johri as Senior VP and CFO
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06:48 EDTNFLXNetflix wants to be 'completely global' within five years, GigaOM reports
Netflix Chief Content Officer Ted Sarandos told investors at the UBS Global Media and Communications Conference that the company wants to be "completely global" and available everywhere in the world before 2020, GigaOM reports. CEO Reed Hastings has previously said that the company could eventually generate up to 80% of its revenue outside the U.S. Reference Link
06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
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16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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11:29 EDTNFLXNetflix falls to session lows, levels to watch
The shares are down over 2% to $342.44. At that price next support is at $340.05. Resistance is at $345.45.
10:00 EDTNFLXOn The Fly: Analyst Initiation Summary
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10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:52 EDTUTXUnited Technologies to unveil major Canadian R&D investment, Globe and Mail says
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08:57 EDTUTXUnited Technologies upgraded at Bernstein
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08:26 EDTBIGBig Lots sell-off unwarranted at FBR Capital
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07:43 EDTUTXUnited Technologies December volatility elevated into investor meeting
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Bernstein
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06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 7, 2014
18:04 EDTUTXSikorsky awarded $1B Indian military helicopter deal, WSJ says
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