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Stock Market & Financial Investment News

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April 24, 2012
12:17 EDTCXW, NFLX, BIG, SQNM, ALGN, SANM, LXK, WAT, HSY, PH, BHI, CSL, F, IBM, MMM, UTX, AAPL, TOn 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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July 8, 2014
16:00 EDTNFLX, AAPLOptions Update; July 8, 2014
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13:12 EDTAAPLGT Advanced's sapphire screens likely in both new iPhones, says Stifel
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12:48 EDTNFLXOn The Fly: Midday Wrap
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11:42 EDTAAPLUber poaches Apple's Chris Blumenberg, The Information reports
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10:29 EDTNFLXNetflix mentioned cautiously in a Seeking Alpha blog
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10:28 EDTMMMOn The Fly: Analyst Upgrade Summary
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10:24 EDTAAPLApple could be impacted by Chinese subsidy cuts, says UBS
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR GILD EXXI FB MGM
09:36 EDTAAPLApple to invest $55M in North Carolina solar farm, Hicorky Record reports
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09:03 EDTIBMIBM begins major collaboration with China's education ecosystem
IBM announced it has embarked on a major collaboration with China's education ecosystem focused on addressing the Big Data and Analytics skills opportunity in China. Dubbed IBM U-100, IBM will donate a range of IBM BD&A software worth $100M and provide expertise to support 100 universities in China.
08:45 EDTNFLXNetflix price target raised to $505 from $470 at RW Baird
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08:36 EDTUTXUncertain if F-35s will fly in time for shows, The Hill says
The Pentagon's decision to ground its fleet of F-35 Joint Strike Fighters, built by Lockheed Martin (LMT) and United Technologies (UTX), comes ahead of two major air shows scheduled for next week, according to The Hill. Officials said yesterday that it's uncertain if the planes will be allowed to fly in time for the shows, the newspaper added. Reference Link
07:34 EDTAAPLLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link
07:33 EDTLXKLexmark releases statement on counter offer from Hyland Software for ReadSoft
Lexmark presented a revised offer to the shareholders of ReadSoft of SEK 43.00 on June 19, representing a 133.7% premium compared to the closing share price of SEK 18.40 per class B share in ReadSoft on the last trading day before the announcement of the initial offer on May 6. Lexmark's CEO Paul Rooke said, "We acknowledge Hyland Software's latest offer for ReadSoft and are evaluating an appropriate response... Lexmark is evaluating all of its options and will discuss with ReadSoft's Board of Directors at the appropriate time."
07:22 EDTMMM3M Company upgraded to Buy from Hold at Argus
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07:00 EDTTSprint tests discounted versions of Framily, individual plans, CNet reports
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06:59 EDTTMobile payments company Isis to change name
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06:24 EDTFFord recalls 101,000 vehicles, Detroit News reports
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06:22 EDTUTXBoeing faces risk to long-term credit if Export-Import Bank is closed, WSJ says
According to a new study by S&P, Boeing (BA) could have to double its financial backing to airline and leasing-company clients over the long term if U.S. lawmakers decide to close the Export-Import Bank, the Wall Street Journal reports. S&P says that a significant expansion of its direct loans and guarantees risks harm to Boeing's long-term credit rating. Other manufacturers, like United Technologies (UTX), Caterpillar (CAT) and General Electric (GE), also face risks should the bank be eliminated. Reference Link
06:10 EDTBHIBaker Hughes reports June international rig count down 14 to 1,336
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