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Stock Market & Financial Investment News

News Breaks
March 31, 2014
12:18 EDTMYL, NDZ, MNTA, PRAN, MU, TEVA, TOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday in the last trading day of the first quarter of the year. The disappointing Chicago purchasing managers' report was offset by dovish comments from Fed Chief Yellen, who said the the central bank’s "extraordinary" aid will last for "some time.” ECONOMIC EVENTS: In the U.S., the Chicago PMI business barometer index came in at 55.9, versus the consensus forecast for a 59.0 reading. In Europe, the annual inflation rate across the 18-country eurozone fell for the third consecutive month, slipping to 0.5% in March, compared to analysts' consensus forecast for a milder drop to 0.6%. COMPANY NEWS: Shares of AT&T (T) advanced early in the session after the company's board of directors authorized the repurchase of up to 300M shares, or about 6% of its common shares outstanding. The company also noted it has 125M shares left under its buyback authorization that was issued in March of last year, but the stock had given up much of its early advance to be up fractionally near noon. MAJOR MOVERS: Among the notable gainers was Canada's Nordion (NDZ), which jumped 11% after the company agreed to be acquired by Sterigenics for $11.75 per share in cash shortly after Canada's government lifted its 25% limit on foreign investment in the company. Also higher following analyst commentary was Micron (MU), which rose nearly 8% amid notes in its defense from Stifel and Pacific Crest, as well as broad-based strength in technology stocks that have recently pulled back. Among the noteworthy losers were Momenta Pharmaceuticals (MNTA), which dropped 15%, and Mylan (MYL), which slipped over 1%, after the Supreme Court agreed to hear an appeal by Teva (TEVA) of a court ruling that would enable generic versions of its multiple sclerosis drug, Copaxone, to be sold in May. Also lower were shares of Prana Biotechnology (PRAN), which plunged over 70% after its clinical study of a drug being tested as a treatment of Alzheimer's Disease did not hit its primary endpoint. INDEXES: Near midday, the Dow was up 118.43, or 0.73%, to 16,441.49, the Nasdaq was up 52.48, or 1.26%, to 4,208.23, and the S&P 500 was up 14.56, or 0.78%, to 1,872.18.
News For T;PRAN;NDZ;TEVA;MNTA;MYL;MU From The Last 14 Days
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January 28, 2016
11:16 EDTTEVATeva and Eagle Pharmaceuticals announce commercial availability of Bendeka
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06:30 EDTTYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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05:44 EDTTSpringOwl calls for Yahoo, Viacom to seek partners, Reuters reports
SpringOwl Asset Management, which holds undisclosed stakes in Yahoo (YHOO) and Viacom (VIA), is urging the boards of both companies to seek investments from strategic partner, Reuters reports, citing an article that is set to be published today. SpringOwl managing director Eric Jackson says that "Although some shareholders of both Yahoo and Viacom think that a simple sale or break-up of both companies is the best way to create value for shareholders, we believe that both companies could benefit from their own version of the 'Buffett Convert,'" and that while stakes of investors would be diluted if an outside investor steps in, but "they would still be better off because their shares would likely get re-rated upwards substantially with this new partner sitting around the board table." Jackson believes Yahoo should seek outside investment from Liberty Media (LMCA), Verizon (VZ) or AT&T (T), while Viacom would benefit from Alibaba (BABA), Amazon (AMZN) or AMC Entertainment (AMC). Reference Link
05:41 EDTTAT&T implied volatility of 17 at lower end of index mean range
January 27, 2016
16:01 EDTTOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
12:19 EDTTEVAPiper Jaffray biopharma analyst holds an analyst/industry conference call
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10:23 EDTMUOptions with decreasing implied volatility
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09:29 EDTTFacebook data center project supported by telco heavyweights, FT reports
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06:59 EDTTOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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January 26, 2016
19:26 EDTTOn The Fly: After Hours Movers
UP AFTER EARNINGS: CA Technologies (CA), up 4.8%... Ethan Allen (ETH), up 10.6%... Hawaiian Holdings (HA), up 5.7%... Capital One (COF), up 1.1%. ALSO HIGHER: Fate Therapeutics (FATE), up 25% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 6.6% after being upgraded to Buy from Neutral at Citi. DOWN AFTER EARNINGS: U.S. Steel (X), down 9%... AT&T (T), down 1.9%... Apple (AAPL), down 2.6%... VMware (VMW), down 4.7%... TSYS (TSS), down 7.4% after reporting quarterly results and announcing the acquisition of TransFirst for $2.3B in cash. ALSO LOWER: Lannett (LCI), down 9% after giving second quarter and fiscal 2016 guidance... Baxalta (BXLT), down 2% after filing to sell $1.45B of common stock for holders.
16:26 EDTTAT&T CEO says 'DIRECTV integration going well'
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16:07 EDTTAT&T sees FY16 adjusted EPS growth in mid-single digit range, consensus $2.81
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16:04 EDTTAT&T reports 214,000 U.S. DirecTV net adds, total video subscribers down in Q4
Reports 192,000 total IP broadband net adds.
16:03 EDTTAT&T reports Q4 business solutions services revenue down slightly y/y
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16:02 EDTTAT&T reports Q4 postpaid churn 1.18%, total churn 1.5% both down y/y
16:02 EDTTAT&T reports 2.8M wireless net adds; 1.6M branded (postpaid and prepaid) in Q4
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16:01 EDTTAT&T reports Q4 adjusted EPS 63c, consensus 63c
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16:00 EDTTOptions Update; January 26, 2016
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14:32 EDTTNotable companies reporting after market close
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12:14 EDTTEarnings Watch: AT&T sees Q4 noncash, pre-tax gain of approximately $2.2B
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