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Stock Market & Financial Investment News

News Breaks
November 7, 2012
12:16 EDTJNPR, AAPL, ACI, HCA, PLXS, VHC, ANR, THC, STEC, AMRS, BTU, CYHOn The Fly: Midday Wrap
Stocks on Wall Street were down over 2.25% at midday following the re-election of Barack Obama as President. Stocks began the day sharply lower and saw hardly a hint of buying during the session's early hours. The market selling picked up speed after the first hour of trading and the averages sat near their lows of the day at lunch hour. While investors repositioned after the U.S. election, news from Europe did nothing to help matters. ECB President Mario Draghi said he was anticipating weakness in the European economy for the foreseeable future and that Germany was now being impacted... ECONOMIC EVENTS: In the U.S., President Obama was re-elected and Congress remains split, with Republicans keeping control of the House of Representatives and Democrats maintaining their grip on the Senate. While no excuses remain for not addressing the fiscal cliff, the climate of partisanship may make it difficult to strike a compromise before January 1, if at all. In Europe, the European Commission lowered its 2013 growth forecast for region's economy to 0.1% from a prior call for 1% growth. Also, German industrial production fell 1.8% in September from the prior month, which was worse than forecast. Draghi summed up both data points in a speech, putting a fine point on the European troubles that magnified the dour tone of the U.S. market... COMPANY NEWS: Hospital stocks were among the few gainers following Obama's win, with Tenet Healthcare (THC) up about 7.7%, HCA Holdings (HCA) up 7.7% and Community Health Systems (CYH) up 6.4%. Conversely, coal stocks, which had been strong since Romney's pro-coal statements during the debates, fell sharply, with Alpha Natural Resources (ANR) down 10.6%, Arch Coal (ACI) down 12.7% and Peabody Energy (BTU) down 8.6%... MAJOR MOVERS: Among the notable gainers were VirnetX (VHC), up almost 18% after a jury awarded the company over $368M in a patent verdict against Apple (AAPL), and Amyris (AMRS), up 20% after its quarterly revenues were better than expected and its losses were not as bad as forecast. Among the noteworthy losers was Plexus (PLXS), which fell 28% after Juniper (JNPR) dropped the company as a supplier. Also lower were shares of STEC (STEC), which was downgraded at Craig-Hallum and Lazard Capital and slid over 23% after its disappointing guidance for its upcoming quarter... INDICES: Near noon, the Dow was down 306.25, or 2.31%, to 12,939.43; the Nasdaq was down 72.10, or 2.39%, to 2,939.83; and the S&P 500 was down 33.22, or 2.33%, to 1,395.17.
News For THC;HCA;CYH;ANR;ACI;BTU;VHC;AAPL;AMRS;PLXS;JNPR;STEC From The Last 14 Days
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December 10, 2014
06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPLOptions Update; December 9, 2014
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10:35 EDTAAPLApple falls, levels to watch
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10:23 EDTJNPROn The Fly: Analyst Initiation Summary
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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07:22 EDTJNPRBMO Capital to hold a conference
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06:39 EDTJNPRJuniper initiated with a Neutral at Wedbush
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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13:17 EDTHCAHCA Holdings agrees to repurchase 7.6M shares from Bain Capital
HCA Holdings disclosed before the open this morning that, on December 5, the company entered into an agreement to repurchase 7,612,921 shares of its common stock beneficially owned by affiliates of Bain Capital at a purchase price of $73.26 per share, the closing price of the company’s common stock on the New York Stock Exchange on December 5, less a discount of 1%. The share repurchase was made pursuant to the company’s existing $1B repurchase program adopted by the company’s board of directors in October. After giving effect to the Bain repurchase, a total of $917M of share repurchases will have been effectuated under the program, HCA stated.
13:16 EDTAAPLApple trades off session lows, levels to watch
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09:02 EDTANRAlpha Natural announces WARN notices for eight W. Virginia coal mines expire
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08:22 EDTCYHCommunity Health management to meet with Deutsche Bank
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07:26 EDTBTUPeabody still sees FY14 coal sales volumes 245M-255M tons
Peabody Energy Corporation said in a filing that it reaffirms its prior guidance regarding 2014 coal sales volumes, U.S. revenues per ton, operating costs and expenses per ton and capital spending. Specifically, Peabody continues to target full-year 2014 sales volumes of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons. Peabody's targeted 2014 Australian sales volumes include 16 to 17 million tons of metallurgical coal and 12 to 13 million tons of seaborne thermal coal. In the U.S., Peabody continues to project a 2% to 4% decrease in revenues per ton compared to the prior year. Peabody also continues to expect a 1% to 3% decrease in its U.S. operating costs and expenses per ton in 2014 compared to the prior year and 2014 Australian operating costs and expenses of approximately $70 per ton, in addition to 2014 capital spending levels of $200M-$220M.
06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
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