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Stock Market & Financial Investment News

News Breaks
May 19, 2014
16:27 EDTITMN, LOCK, CPB, BRCM, TXN, MU, NVDA, AZN, PFE, DTV, TOn The Fly: Closing Wrap
Stocks on Wall Street were higher following a trading day marked by light volume, a quiet economic calendar and two headline making M&A announcements. The averages began the day slightly below the flat line, but within minutes the Nasdaq and S&P 500 made it into positive ground. The Dow followed by the end of the morning, but the averages moved in a narrow range from there. Despite the range-bound trading, the market internals pointed to a pretty broad based move higher, with advancers ahead of declining stocks by almost 2 to 1. ECONOMIC EVENTS: In the U.S., no major domestic economic data was reported. COMPANY NEWS: AT&T (T) shares slid 36c, or 0.98%, to $36.38 after the company confirmed over the weekend that it has agreed to acquire DirecTV (DTV) for $95.00 per share, including $28.50 per share in cash and $66.50 per share in AT&T stock. After the announcement, analysts at Raymond James upgraded AT&T to Buy from Market Perform, noting that they do not expect another buyer to emerge for DirecTV. Meanwhile, DirecTV shares were downgraded to Equal Weight from Overweight at Evercore and to Hold from Buy at Wunderlich. Shares of DirecTV fell $1.53, or 1.77%, to $84.65 after the deal, which has been widely speculated about in the media in recent weeks, was confirmed... Also over the weekend, Pfizer (PFE) raised its bid for AstraZeneca (AZN), but the U.K. drugmaker again rejected this "final" takeover proposal. Shares of Pfizer rose 16c, or 0.55%, to $29.28 after the rejection, while shares of AstraZeneca trading in New York dropped $9.64, or 12.01%, to $70.64. MAJOR MOVERS: Among the notable gainers was InterMune (ITMN), which gained $4.61, or 13.44%, to $38.92 after reporting results from a study evaluating pirfenidone and having its shares upgraded to Outperform at Leerink. Also higher was NVIDIA (NVDA), which rose 58c, or 3.23%, to $18.54 after it was one of several semiconductor stock, along with Micron (MU), Texas Instruments (TXN), and Broadcom (BRCM), that were upgraded to Outperform from Sector Perform by RBC Capital in a note to investors earlier today. Among the noteworthy losers was LifeLock (LOCK), which fell $2.28, or 17.57%, to $10.70 after disclosing that the company is going to temporarily suspend its Wallet mobile application since it is not fully compliant with applicable payment card industry security standards. Also lower were shares of Campbell Soup (CPB), which dropped $1.06, or 2.35%, to $44.06 after the company reported mixed third quarter results and lowered its fiscal 2014 outlook. INDEXES: The Dow was up 20.55, or 0.12%, to 16,511.86, the Nasdaq was up 35.23, or 0.86%, to 4,125.81, and the S&P 500 was up 7.22, or 0.38%, to 1,885.08.
News For T;DTV;PFE;AZN;NVDA;MU;TXN;BRCM;CPB;LOCK;ITMN From The Last 14 Days
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July 15, 2014
07:15 EDTT, CPBIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
05:40 EDTCPBCampbell Soup downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Campbell Soup to Sell saying it expects earnings to miss expectations and that shares are near peak valuation. The firm lowered its price target for the stock to $39 from $41.
July 14, 2014
13:29 EDTMUMicron conference call with management positive, says Sterne Agee
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11:17 EDTTDemand Media announces divestiture of Creativebug and CoveritLive
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10:34 EDTTAT&T joint venture acquires Creativebug from Demand Media for $10M
Otter Media, a joint venture between AT&T (T) and The Chernin Group, has acquired Creativebug from Demand Media (DMD), the companies announced earlier. Creativebug offers do-it-yourself video workshops featuring instruction from artists and designers. Demand Media confirmed in a regulatory filing earlier that it completed the sale of substantially all of the assets relating to its Creativebug business for $10.0M in cash. AT&T and The Chernin Group announced the formation of the joint venture to acquire, invest in and launch over-the-top video services previously on April 22.
09:31 EDTTAT&T, EPIX reach carriage agreement
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08:32 EDTTSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobiliís customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
July 11, 2014
08:04 EDTNVDANVIDIA management to meet with UBS
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July 10, 2014
13:40 EDTDTVVerizon CEO calls Q2 'strong,' says not interested in satellite company
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07:57 EDTNVDANVIDIA management to meet with UBS
Meetings to be held in Delaware/Berwyn/Baltimore on July 10 hosted by UBS.
July 9, 2014
15:54 EDTT, DTVDISH expresses concerns over Comcast, AT&T deals to FCC
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11:30 EDTMUMicron shares defended at Sterne Agee
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10:36 EDTMUMicron trades lower, levels to watch
The shares were last down over 3% to $32.13 as the stock edges away from its recent 52-week high at $34.50. The 10-day moving average has been broken to the downside, last at $32.88 and now resistance. That break is short-term bearish for price. Next support below current levels is at $31.26, and then at the 30-day moving average last at $30.81.
10:02 EDTBRCMOn The Fly: Analyst Upgrade Summary
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09:40 EDTMUSamsung raisiing DRAM capacity, says Morgan Stanley
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09:35 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
09:23 EDTTAT&T exec sees connectivity, healthcare at forefront of wearables, Re/code says
Glenn Lurie, who heads AT&Tís (T) emerging-business efforts, said at the MobileBeat conference that he sees wearables devices needing their own Internet connectivity to take off and that he believes healthcare-focused devices, especially those serving the aging population, as a logical starting place for such devices, according to Re/code. Lurie also predicted that wearables will explode, ďjust like tablets," when a device maker cracks the code to making them easier to use. Reference Link
07:22 EDTNVDANVIDIA management to meet with UBS
Meeting to be held in Boston on July 9 hosted by UBS.
06:49 EDTPFEPfizer given dismissal of U.S. investor class action before trial, Reuters says
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05:33 EDTBRCMBroadcom upgraded to Outperform from Perform at Oppenheimer
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