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Stock Market & Financial Investment News

News Breaks
November 26, 2012
16:20 EDTARO, KCG, MHP, HOGS, FB, M, ZLC, EBAY, APO, TGTOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day with the Nasdaq the only one of the major averages to finish in positive territory. Several major retailers, including Target (TGT) and Macy's (M), traded lower on the session, despite numbers out of the National Retail Federation indicating consumer spending increased 13% over the holiday weekend compared to a year ago... ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing survey for November came in at -2.8, versus forecasts for a +2.5 reading. Also, Mary Schapiro stepped down as the head of the Securities and Exchange Commission and President Obama designated current SEC Commissioner Elisse Walter to take over the position. In Europe, the Bank of England named Mark Carney, who is currently the head of Canada’s central bank, as its next governor... COMPANY NEWS: McGraw-Hill (MHP) advanced 20c, or 0.40%, to $51.89 after confirming it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5B... Shares of Facebook (FB) traded up $1.94, or 8.09%, to $25.94 after Bernstein upgraded the stock to Outperform and BTIG raised its rating on the name to Neutral... A CNBC report just after midday said that Knight Capital (KCG) was exploring a sale of the whole company, not just its market-making business, as had been reported earlier. The CNBC report said that the price being discussed for a sale of the company was in the $600M-$700M range and shares gained 33c, or 13.25%, to $2.82... MAJOR MOVERS: Among notable gainers were shares of eBay (EBAY), up $2.39, or 4.88%, to $51.40 after various reports indicated growth in "Cyber Monday" sales, including a note from ChannelAdvisor that said client sales on the site were up 57% from a year ago. Also higher were shares of Zhongpin (HOGS), up $1.64, or 15.10%, to $12.50 after after agreeing to a "go private" offer for $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which fell 68c, or 4.71%, to $13.77 following a downgrade to Neutral at Janney Capital. Also trading lower were shares of Zale (ZLC), down 25c, or 4.97%, to $4.78 as Bank of America Merrill Lynch removed the stock from its "Most Attractive Buy" list... INDICES: The Dow was down 42.31, or 0.33%, to 12,967.37; the Nasdaq was up 9.93, or 0.33%, to 2,976.78; and the S&P 500 was down 2.86, or 0.20%, to 1,406.29.
News For TGT;M;MHP;APO;FB;KCG;EBAY;HOGS;ARO;ZLC From The Last 14 Days
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April 15, 2015
17:32 EDTTGTMasterCard reaches agreement with Target to resolve claims
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10:23 EDTEBAYJD.com Launches JD Worldwide cross-border e-commerce platform
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10:00 EDTAROOn The Fly: Analyst Initiation Summary
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07:36 EDTKCGKCG Holdings reports March trade volumes
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06:56 EDTAROAeropostale initiated with a Neutral at Guggenheim
06:18 EDTFBApple, Google, others doubling down on European operations, WSJ reports
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April 14, 2015
18:41 EDTTGTTarget close to $20M settlement with MasterCard over data breach, WSJ says
According to people familiar with the negotiations, Target (TGT) is approaching a settlement with MasterCard (MA) to reimburse financial institutions roughly $20M for costs they incurred from the retailer’s massive data breach in 2013, The Wall Street Journal reports. Target is negotiating a separate settlement with Visa (V), according to sources, WSJ added. Reference Link
18:17 EDTTGTTarget close to $20M settlement with MasterCard over data breach, DJ says
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13:02 EDTAPOFly Watch: Analyst expects strong Q1 results from private equity firms
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11:16 EDTFBCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
11:07 EDTEBAYStocks with call strike movement; EBAY RAD
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10:58 EDTFBStocks with call strike movement; FB BABA
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09:00 EDTFBFacebook price target raised to $80 from $72 at BMO Capital
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07:28 EDTFBFacebook remains a top 2015 pick at JPMorgan
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April 13, 2015
16:18 EDTEBAYeBay announces executive appointments ahead of PayPal separation
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16:01 EDTFBOptions Update; April 13, 2015
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14:18 EDTTGTTarget names Anne Dament as SVP, Merchandising
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09:03 EDTEBAYeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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07:12 EDTEBAYeBay PayPal unit worth $39 per share alone, says Bernstein
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06:22 EDTTGTGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
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