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Stock Market & Financial Investment News

News Breaks
January 22, 2013
16:31 EDTTRV, ARNA, MSFT, DD, RIMM, DELL, JNJ, IIVI, BOX, VZOn The Fly: Closing Wrap
Stocks on Wall Street were slightly higher after four Dow components reported mixed quarterly results before the bell. The earnings calendar is fairly heavy again after the bell, as investors receive results from tech giants Google (GOOG) and International Business Machines (IBM) among those reporting... ECONOMIC EVENTS: In the U.S., sales of existing homes unexpectedly dropped 1% in December to a 4.94M annual rate, versus expectations for sales to increase to a 5.1M rate. Two regional Fed surveys were also reported, with the Chicago Fed National Activity Index slipping but remaining positive at 0.02, while the Richmond Fed Manufacturing Survey plunged 17 points to -12... COMPANY NEWS: Among the four Dow members reporting results, Travelers (TRV) was the leader, gaining $1.64, or 2.15%, to $77.95 after its better than expected earnings. Shares of DuPont (DD) and Verizon (VZ) were also higher. Johnson & Johnson (JNJ) slid 54c, or 0.74%, to $72.69 after its quarterly report in spite of announcing plans to explore options for its Ortho Clinical Diagnostics unit, including a potential sale or spin-off... Microsoft (MSFT) is in talks to invest between $1B-$3B as part of a leveraged buyout of Dell (DELL), according to CNBC's David Faber. Dell spiked higher following the news, finishing up 28c, or 2.18%, at $13.12, while Microsoft lost 8c, or 0.29%, to $27.17... MAJOR MOVERS: Among the notable gainers was SeaCube (BOX), up $2.84, or 13.99%, to $23.14 after agreeing to be acquired by Ontario Teachers' Pension for $23 per share. Also higher were shares of Research In Motion (RIMM), which rose $2.06, or 13.01%, to $17.90 after its CEO reportedly said it may license the BB10 operating system and shares were upgraded to Outperform at Scotia Capital with a $23 price target. Among the noteworthy losers was Arena Pharmaceuticals (ARNA), which lost 95c, or 9.72%, to $8.82 after the European Medicines Agency asked it to address issues with its anti-obesity drug. Also lower were shares of II-VI (IIVI), down $1.87, or 9.51%, to $17.80 after the company's Q2 report fell short of expectations and its FY13 guidance came in below Street estimates... INDICES: The Dow was up 62.43, or 0.46%, to 13,712.13; the Nasdaq was up 8.47, or 0.27%, to 3,143.18; and the S&P 500 was up 6.53, or 0.44%, to 1,492.51.
News For TRV;JNJ;DD;VZ;DELL;MSFT;BOX;RIMM;ARNA;IIVI From The Last 14 Days
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March 16, 2015
15:04 EDTJNJPharmacyclics says committee recommends unblinding after primary endpoint met
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14:24 EDTDDDuPont near session low, levels to watch
The shares were downgraded earlier at BofA/Merrill to Underperform, but the firm maintained its $76 price target. At the current price of $77.35 the stock is at the low of its price channel, but has not breached. Support below current price is at $75.52, the 50-day moving average. Resistance is at $78.08.
11:58 EDTDDDuPont retreats after Bank of America two notch downgrade to sell
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10:02 EDTDDOn The Fly: Analyst Downgrade Summary
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09:31 EDTDDPeltz says open to discussing 'realistic settlement' with DuPont
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09:22 EDTDDOn The Fly: Pre-market Movers
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09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:38 EDTDDDuPont downgraded at BofA/Merrill
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07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
06:44 EDTDDDuPont downgraded to Underperform from Buy at BofA/Merrill
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March 13, 2015
15:47 EDTDDDuPont says Trian proposal not 'meaningful step' toward resolution
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14:34 EDTJNJU.S. appeals court revives lawsuit over J&J's Benecol assertions
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10:34 EDTMSFTApple joins data center group with Facebook, Microsoft, The Information says
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09:49 EDTBOXUBS life science tools/diagnostics analyst has analyst/industry conference call
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09:20 EDTVZBofA/Merrill media/telecom analysts hold analyst/industry conference call
Media & Telecom Analyst Reif-Cohen and Barden, along with Matthew Brill, Pratner at Latham & Watkins LLP, discuss the FCC Open Internet Order on an Analyst/Industry conference call to be held on March 13 at 11 am.
08:17 EDTMSFTMicrosoft price target lowered to $48 from $58 at Pacific Crest
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07:49 EDTMSFTVideo game hardware sales up 10% in February, software up 7%, Game Informer says
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07:23 EDTJNJJohnson & Johnson has a conference call hosted by JPMorgan
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05:54 EDTMSFTIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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