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Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:34 EDTFB, MWW, SNE, ANF, SBUX, IAG, APO, TEAOn The Fly: Closing Wrap
Stocks on Wall Street were lower after a brief pop at the open quickly reversed into a day long sell-off that saw the averages close at their lows. With concerns about the fiscal cliff lingering, President Obama's news conference during the afternoon did little to help the market. Oil prices spiked as Israel launched a Gaza offensive and killed a Hamas commander, though stocks did not follow the commodity's path higher... ECONOMIC EVENTS: In the U.S., retail sales fell 0.3% in October, versus expectations for a decline of 0.2%. Producer prices fell 0.2% in the month, versus forecasts for them to have increased 0.2%. Excluding food and energy, the core reading fell 0.2%, versus the expected increase of 0.4%. Business inventories rose 0.7% in September, versus expectations for an increase of 0.6%. Minutes from the October meeting of the Federal Reserve showed many Fed members see the adoption of quantitative thresholds as helping, though the committee said a number of practical issues would need to be overcome before the thresholds could be instituted... COMPANY NEWS: Starbucks (SBUX) announced it was purchasing Teavana (TEA) for $620M, or $15.50 per share, in an all-cash transaction. Shares of Teavana, which were halted ahead of the announcement after the Atlanta Business Chronicle broke the news, advanced $5.32, or 52.52%, to $15.45. Shares of Starbucks settled down $1.47, or 2.92%, at $48.84... Bloomberg reported that Monster Worldwide (MWW) still has no bidders as TPG and Apollo Global (APO) passed on the company, and shares of Monster traded lower after the news, settling down 31c, or 4.97%, at $5.93... MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), up $10.74, or 34.45%, to $41.92 after the company reported better than expected earnings, raised its full year EPS view, and the stock received at least five analyst upgrades. Also higher were shares of Facebook (FB), up $2.50, or 12.59%, to $22.36 in spite of the expiration of a lockup that permitted many investors and employees to sell their shares for the first time since the company's IPO. Among the noteworthy losers was IAMGOLD (IAG), down $2.89, or 19.45%, to $11.97 after the company reported quarterly results and production guidance that disappointed. Also lower were shares of Sony (SNE), down 95c, or 8.82%, to $9.82 after the company issued a large amount of bonds that may convert to stock under certain conditions... INDICES: The Dow lost 185.23, or 1.45%, to 12,570.95; the Nasdaq fell 37.08, or 1.29%, to 2,846.81; and the S&P 500 dropped 19.04, or 1.39%, to 1,355.49.
News For TEA;SBUX;MWW;APO;ANF;FB;IAG;SNE From The Last 14 Days
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January 27, 2016
09:32 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:29 EDTFBFacebook data center project supported by telco heavyweights, FT reports
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06:59 EDTFBOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:32 EDTFBFacebook volatility increases into Q4 and outlook
Facebook January weekly call option implied volatility is at 94, February is at 46, March is at 40; compared to its 52-week range of 20 to 54, suggesting large near term price movement into the expected release of Q4 results today after the market close.
05:44 EDTFBTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
January 26, 2016
19:54 EDTSNEIMAX announces Spider-Man to be released in IMAX 3D Theatres
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16:00 EDTFBOptions Update; January 26, 2016
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13:51 EDTFBApple to make subscription content available in News app, Reuters says
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13:36 EDTFBFacebook settles shareholder suit over excessive pay allegation, Bloomberg says
Facebook settled an investor lawsuit by agreeing to alter pay schedules and keep a closer look on how company officials are compensated, Bloomberg reports. Shareholders Ernesto Espinoza sued Facebook and Mark Zuckerberg, claiming a 2012 pay plan improperly allowed directors to establish their own pay and that Zuckerberg exceeded allowable compensation for certain senior officials, the report says. Reference Link
12:32 EDTFBFacebook technical notes ahead of results
The key level on the downside for the stock is at the $90 area. If the news is a negative surprise, a test down to that level may be possible. Should the news be a more severe disappointment, a breakdown below $90 could be possible, which would break the long-term uptrend. Next supports below $90 are at $88.26 and $86.50. If the news is a positive surprise, a move above the resistance band at $100 may be possible. Very strong news might put the shares back to the life high at $110.65.
12:01 EDTFBFANG shares are all trading lower with elevated option implied volatility
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11:13 EDTFBActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:52 EDTFBStocks with call strike movement; SNDK FB
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10:48 EDTSBUXTreeHouse may benefit from strategy shifts, says Detwiler Fenton
Detwiler Fenton said TreeHouse (THS) may benefit from Keurig Green Mountain's (GMCR) and Starbucks' (SBUX) focust shift into new products. Keurig Green Mountain dropping of its private-label business opens the door for TreeHouse to take market share, the firm's analyst said. Detwiler sees TreeHouse benefiting from Starbucks' shifts away from Keurig Green Mountain and into other product opportunities.
09:32 EDTFBActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
08:26 EDTFBTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
07:44 EDTFBStreet margin outlook for Amazon continues to be too low, says Bernstein
Bernstein says that Amazon's (AMZN) margins are poised to beat Street expectations, and the firm's 2016 and 2017 EBITDA estimates for the company are about 17% above Street levels. The firm is more upbeat on Amazon than on Alphabet (GOOG, GOOGL) and Facebook (FB)
07:03 EDTIAGTD Securities to hold a conference
2016 TD Securities Mining Conference is being held in Toronto on January 26-27.
06:31 EDTSNESony merges PlayStation division into Sony Interactive Entertainment, Verge says
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05:48 EDTSNESony acquires Altair Semiconductor for $212M
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