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Stock Market & Financial Investment News

News Breaks
May 9, 2014
16:22 EDTTSLA, MRK, BAYRY, ODP, GRPN, FEYE, NUS, AOL, WFM, TWTR, TGT, AAPL, ATHNMarket finishes week mixed following earnings, Fed commentary
The major averages ended the week mixed after Fed Chair Janet Yellen testified before Congress and a number of major companies reported weak earnings. MACRO NEWS: The labor market is "far from satisfactory" and inflation remains below the Fed's target, Yellen told Congress. Responding to questions on the Fed's exit strategy, Yellen said the FOMC plans to continue reducing QE purchases as long as Fed objectives are being met, but that a high degree of monetary accommodation is still warranted... U.S. economic data was mostly upbeat, with weekly jobless claims coming in better than expected and a services sector index beating the consensus outlook. However, first quarter productivity was estimated to have declined 1.7%, which was worse than the 1.1% drop predicted by economists... Away from the U.S., Chinese trade data for April was better than expected, but an index that measures the country's services sector fell slightly in April versus March. In Europe, ECB President Mario Draghi said the governing council was "comfortable" with easing at its next policy meeting. COMPANY NEWS: Tesla (TSLA), AOL (AOL), Whole Foods (WFM), Nu Skin (NUS), FireEye (FEYE), and Groupon (GRPN) were among the companies whose stocks fell after they reported earnings. Conversely, Office Depot (ODP), Humana (HUM) and Electronics Arts (EA) rose following their results... Twitter (TWTR) tumbled this week after over 450M of its shares, which represent around 80% of the total shares outstanding, were permitted to be sold without the restrictions that were put in place by the company’s initial public offering. Other previously high flying Internet stocks also continued their recent descent... Shares of Apple (AAPL) were in-focus after Financial Times said that the iPhone and iPad maker is in talks to acquire Beats Electronics, the headphone maker co-founded by rapper and record producer Dr. Dre, for over $3B... Bayer (BAYRY) and Merck (MRK) announced the latest in a series of major deals in the pharmaceutical industry, with Bayer agreeing to acquire Merck's consumer care business for $14.2B... Target (TGT) announced that CEO Gregg Steinhafel would leave the company effective immediately. The credit card data breach that hit the company late last year occurred on Steinhafel's watch... Well-known investor David Einhorn said he is short shares of athenahealth (ATHN). Athenahealth is not a software company, but an outsourcing company, and expectations for its operating margins are too high, said Einhorn. INDEXES: The Dow was up 0.4% to 16,583.34, the S&P 500 was down 0.1% to 1,878.48, and the Nasdaq was down 1.2% to 4,071.87.
News For TSLA;AAPL;TGT;TWTR;WFM;AOL;NUS;FEYE;GRPN;ODP;BAYRY;MRK;ATHN From The Last 14 Days
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September 16, 2014
12:07 EDTTSLATesla rebounds after analyst starts coverage with Buy rating
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11:57 EDTTSLAPentagon to most likely approve Musk's Falcon rockets, WSJ says
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11:44 EDTAAPLVirnetX increases after appeals court vacates jury award in suit with Apple
VirnetX (VHC) September call option implied volatility is at 249. October is at 110, December is at 91; compared to its 26-week average of 99 according to Track Data, suggesting large price movement after appeals court vacates jury award in suit with Apple (AAPL).
11:16 EDTAAPLVirnetX plunges after appeals court vacates jury award in suit with Apple
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11:09 EDTAAPLVirnetX wins mixed ruling in patent case with Apple, Bloomberg reports
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10:52 EDTAAPLApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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10:31 EDTAAPLApple has a bearish pattern on 1-day basis, levels to watch
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10:22 EDTAAPLBanks set for ad battle to be default choice for Apple Pay, Apple Insider says
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10:12 EDTAAPLApple's iPhone 6 NFC chip restricted to Apple Pay, The Verge reports
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10:09 EDTAAPLApple iPhone 6 launch timing concerns in China overdone, says Susquehanna
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09:59 EDTTSLAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
09:36 EDTTSLA, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
09:13 EDTAAPLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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08:18 EDTAOLFCC to hold a roundtable
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07:31 EDTMRK, BAYRYEuropean Association for Study of Diabetes to hold annual meeting
50th Annual Meeting of EASD to be held in Vienna, Austria on September 15-19.
07:25 EDTMRKMerck price target raised to $72 from $62 at SunTrust
After meeting with Merck's CEO and head of clinical development, SunTrust increased its price target on the company as the firm thinks that it is ideally positioned across five of the fastest growing therapeutic classes. The firm believes that the company's EPS growth rates from 2015-2020 will be three percentage points above Street estimates, while it has a first-mover advantage in oncology. It keeps a Buy rating on the shares.
07:19 EDTAAPLCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
06:42 EDTAAPLPayPal running ads against Apple Pay, Business Insider reports
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06:36 EDTAAPLiPhone 6/6 Plus may suffer similar iPhone 5s/5c inventory issues, DigiTimes says
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06:28 EDTAAPLLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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