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Stock Market & Financial Investment News

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April 24, 2012
12:17 EDTSANM, HSY, CXW, SQNM, LXK, NFLX, ALGN, WAT, BIG, CSL, MMM, T, PH, F, UTX, BHI, IBM, AAPLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, following better than expected earnings from three more Dow components. The Nasdaq is being weighed on by a slide in Apple's (AAPL) shares, which are down about 2% ahead of tonight's earnings report. AT&T's (T) report of its quarterly iPhone activations added to recent weakness in that much watched stock. The futures action led to a mixed opening for the market and the averages have moved in a fairly narrow range since the opening bell... ECONOMIC EVENTS: Domestically, the S&P/Case Shiller 20-city composite home price index gained 0.2% in February on a seasonally adjusted basis, matching forecasts and marking the first time the reading has risen since April of last year. Without adjusting for seasonal differences, the survey fell to its lowest level since the housing market downturn began. New single-family home sales dropped in March but beat analysts' expectations as the government upwardly revised its sales figures for February, January and December. The new data and adjustments resulted in a seasonally adjusted 328,000 unit annual sales rate. U.S. consumer confidence edged slightly lower in April to 69.2, versus expectations of a 69.6 reading. The Richmond Fed manufacturing index rose to 14, up from 7 the month prior and above the forecast for a 6 reading. In Europe, a Dutch bond sale went off without problems the day after its government collapsed over budget cuts... COMPANY NEWS: AT&T (T) led all Dow advancers, rising 3.5%, following its better than expected earnings. Shares of United Technologies (UTX) and 3M (MMM) also rose after both reported earnings that beat consensus. IBM (IBM) was another source of Dow strength after the company increased its dividend and share repurchase authorization... Fitch restored its credit ratings on Ford Motor (F) to investment grade for the first time since 2005... Among companies reporting earnings, advancers included Carlisle (CSL), Baker Hughes (BHI), Parker Hannifin (PH) and Hershey (HSY); decliners included Waters (WAT), Lexmark (LXK) and Sanmina-SCI (SANM)... MAJOR MOVERS: Among the notable gainers were Align Technology (ALGN), up about 15%, after its earnings and guidance beat the Street's view, and Sequenom (SQNM), up more than 10%, after William Blair said in a note to investors that the company's MaterniT21 test volumes could top consensus estimates. Noteworthy losers included Big Lots (BIG), down over 20%, following at least four downgrades after the company lowered its same store sales view, and Netflix (NFLX), down 13%, after the company posted a quarterly loss and gave lower than anticipated domestic subscriber guidance for Q2. Also lower were shares of Corrections Corporation of America (CXW), down almost 8%, after California announced plans to overhaul its prisons and cut billions in prison spending... INDICES: Near noon, the Dow was up 105.88, or 0.82%, to 13,033.05; the Nasdaq was down 0.84, or 0.03%, to 2,969.61; and the S&P 500 was up 7.15, or 0.52%, to 1,374.09.
News For T;AAPL;UTX;MMM;IBM;F;CSL;BHI;PH;HSY;WAT;LXK;SANM;ALGN;SQNM;BIG;NFLX;CXW From The Last 14 Days
Check below for free stories on T;AAPL;UTX;MMM;IBM;F;CSL;BHI;PH;HSY;WAT;LXK;SANM;ALGN;SQNM;BIG;NFLX;CXW the last two weeks.
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April 7, 2014
16:01 EDTAAPL, NFLXOptions Update; April 7, 2014
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15:03 EDTUTXUnited Technologies unit to provide engines for 30 more Lufthansa A320neos
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14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
13:51 EDTTAT&T's U-verse experiencing widespread outage, Mashable reports
AT&T's U-verse service is currently experiencing a massive, nationwide outage, Mashable reports. A spokesperson for the company explains, "Due to a power-related issue triggered by a third-party at our video hub, U-verse customers may be experiencing a loss of national channels. Technicians are working to resolve the issue and we expect to have service fully restored by early afternoon. We apologize for this inconvenience." Reference Link
12:47 EDTFFord recalls 434,000 vehicles in two unrelated recalls, Detroit News reports
Ford is recalling more than 434,000 vehicles in two separate recalls announced Monday, reports Detroit News. The company is recalling 385,750 Escape compact SUVs due to a rusty subframe. it also will recall 48,950 Ford Fusion, Lincoln MKZ, Ford Escape and C-Max vehicles to replace seatback frames that don't comply to the NHTSA standard. Reference Link
10:10 EDTIBMAnalyst sees 'golden' opportunity after software stocks decline
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10:00 EDTNFLX, ALGNOn The Fly: Analyst Upgrade Summary
Agios Pharmaceuticals (AGIO) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank... Align Technology (ALGN) upgraded to Outperform from Market Perform at Barrington... Analog Devices (ADI) upgraded to Neutral from Sell at Goldman... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Citigroup (C) upgraded to Neutral from Underweight at HSBC... Intel (INTC) upgraded to Outperform from Sector Perform at Pacific Crest... JetBlue (JBLU) upgraded to Neutral from Sell at Goldman... Kindred Healthcare (KND) upgraded to Outperform from Sector Perform at RBC Capital... Lennox (LII) upgraded to Outperform from Market Perform at Wells Fargo... Newmont Mining (NEM) upgraded to Hold from Sell at Deutsche Bank... PBF Energy (PBF) upgraded to Buy from Neutral at Citigroup... Renasant (RNST) upgraded to Outperform from Market Perform at Raymond James... Select Medical (SEM) upgraded to Outperform from Sector Perform at RBC Capital... Ultra Petroleum (UPL) upgraded to Outperform from Market Perform at Raymond James... Under Armour (UA) upgraded to Buy from Neutral at Sterne Agee... Hercules Technology (HTGC) upgraded to Buy from Hold at Sandler ONeill... Standard Pacific (SPF) upgraded to Outperform from Market Perform at Raymond James... Yelp (YELP) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Outperform from Perform at Oppenheimer... Pandora (P) upgraded to Outperform from Neutral at Wedbush.
09:34 EDTAAPL, NFLXActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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07:09 EDTNFLXNetflix upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded its rating on Netflix (NFLX) shares to Outperform with a $419 price target citing the recent pullback in shares. Opco sees an attractive risk/reward profile at current share levels.
06:53 EDTALGNAlign Technology upgraded to Outperform from Market Perform at Barrington
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06:41 EDTNFLXMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
06:20 EDTBHIBaker Hughes announces March international rig count up 4 to 1,345
Baker Hughes announced that the international rig count for March was 1,345, up 4 from the 1,341 counted in February, and up 77 from the 1,268 counted in March 2013. The international offshore rig count for March 2014 was 334, up 16 from the 318 counted in February, and up 18 from the 316 counted in March 2013. The average U.S. rig count for March was 1,803, up 34 from the 1,769 counted in February, and up 47 from the 1,756 counted in March 2013. The average Canadian rig count for March was 449, down 177 from the 626 counted in February, and down 15 from the 464 counted in March. The worldwide rig count for March was 3,597, down 139 from the 3,736 counted in February, and up 109 from the 3,488 counted in March 2013.
05:25 EDTFFord Transit Connect awarded five star safety rating by NHTSA
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April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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14:21 EDTNFLXYahoo plans to acquire bigger budget TV programming, WSJ says
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