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Stock Market & Financial Investment News

News Breaks
July 16, 2014
16:24 EDTTWX, FOXA, AAPL, IBM, INTC, YHOO, THC, HCA, ROSTOn The Fly: Closing Wrap
Stocks on Wall Street started the trading day higher, thanks in part to solid earnings reports from some of the nation’s largest companies as well as a proposed mega-merger in the entertainment industry. Investors preparing for the next round of earnings after the close, which includes reports from eBay (EBAY), Yum! Brands (YUM), and Las Vegas Sands (LVS), did so with the Dow at a new all-time high. ECONOMIC EVENTS: In the U.S., the Producer Price Index for June rose 0.4%, which was ahead of expectations for a 0.2% increase. Industrial production grew 0.2% in June, missing the forecast for 0.3% growth. The NAHB homebuilder confidence index rose to 53 in July, ahead of expectations for it to tick up 1 point to 50. Economic activity expanded in all regions of the country at a moderate to modest pace in recent weeks, the Fed reported today in its Beige Book. Consumer spending rose in every region, as retail sales grew modestly in most areas and vehicle sales were stronger than sales of most other products, the central bank reported. COMPANY NEWS: Shares of HBO and Warner Bros. parent Time Warner (TWX) surged $12.12, or 17.07%, to $83.13 after it was reported by CNBC and DealBook's Andrew Ross Sorkin that the company had received, and rejected, a takeover offer worth about $80B, or $85 per share, from Rupert Murdoch's Twenty-First Century Fox (FOXA). Both Time Warner and Fox subsequently confirmed the report, with Time Warner stating that it rejected the bid since it was "not in the best interests of stockholders" and Fox noting that the companies are not currently in discussions. Afterward, research firm Jefferies said it believes 21st Century Fox could raise its bid for Time Warner into the mid-to-upper $90's per share, but it also thinks that Time Warner would still be unlikely to accept the offer. Meanwhile, FBR Capital said Fox could pay up to $120 for Time Warner and still make an accretive deal. Class A shares of Twenty-First Century Fox ended the day down $2.19, or 6.22%, to $33.00... Shares of Apple (AAPL) initially rose after announcing last night that it would collaborate with IBM (IBM) to provide mobile solutions for businesses. Goldman Sachs analyst Bill Shope wrote in a note to investors that the deal with IBM is clearly positive for Apple, as it validates the "unique enterprise capabilities" of iOS, which has a lack of fragmentation that makes it uniquely suited for organizations. BlackBerry (BBRY), which has a focus on mobile devices for business use, slid $1.33, or 11.77%, to $9.97 after the tech giants announced their new partnership. Apple closed down 54c, or 0.57%, to $94.78, though IBM (IBM), which reports after tomorrow's close, climbed $3.87, or 2.05%, to $192.36. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which advanced $2.94, or 9.27%, to $34.65 after the semiconductor giant's second quarter results beat analysts' consensus estimates. Also higher was Tenet Healthcare (THC), which rallied $3.74, or 8.32%, to $48.71 after after another company in the hospital sector, HCA Holdings (HCA), pre-announced stronger than expected second quarter results. For its part, HCA rose $5.78, or 10.47%, to $60.99 after providing better than expected Q2 guidance and increasing its fiscal year outlook. Among the noteworthy losers was Yahoo (YHOO), which fell $1.82, or 5.11%, to $33.79 after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. Also lower were shares of Ross Stores (ROST), which fell $3.12, or 4.78%, to $62.15 after Sterne Agee downgraded its stock to Neutral from Buy and cut its price target for shares to $68 from $81, citing negative traffic trends and low visibility. INDEXES: The Dow rose 77.52, or 0.45%, to 17,138.20, the Nasdaq gained 9.58, or 0.22%, to 4,425.97, and the S&P 500 advanced 8.29, or 0.42%, to 1,981.57.
News For TWX;FOXA;AAPL;IBM;INTC;YHOO;THC;HCA;ROST From The Last 14 Days
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October 8, 2014
15:12 EDTAAPLNuance October calls active amid speculation Icahn speculation
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15:00 EDTAAPLApple shares climb following Icahn tweet of open letter to Tim Cook
Activist investor Carl Icahn tweeted that he is sending an open letter to Tim Cook tomorrow. This news along with the better tone in markets has helped lift the shares back above the psychologically important $100 level. Next resistance is at $101.79. Support is at $99.90.
14:54 EDTAAPLApple volatility flat, Icahn says to send open letter to CEO Tim Cook tomorrow
Apple October weekly call option implied volatility is at 23, October is at 20, November is at 26, December is at 24, January is at 23; compared to its 26-week average of 25 according to Track Data, suggesting non-directional price movement on Carl Icahn says to send open letter to CEO Tim Cook tomorrow.
14:36 EDTAAPLIcahn says to send open letter to Apple CEO Tim Cook tomorrow
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13:27 EDTFOXASoftBank no longer talking to DreamWorks, Buzzfeed reports
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12:08 EDTAAPLApple sends out invites for October 16 event, 9to5Mac reports
Apple has sent out invitations for its October 16 event that is expected to introduce new iPads and Macs, 9to5Mac reports. The event will take place at the Town Hall auditorium on its Infinite Loop Campus in Cupertino, California and begin at 1pm ET. Reference Link
11:45 EDTAAPLApple 'surprised' by GT Advanced's Chapter 11 filing, WSJ reports
Apple (AAPL) says it was "surprised" by GT Advanced's (GTAT) Chapter 11 bankruptcy filing on Monday, the Wall Street Journal reports. Apple says it is focused on preserving jobs in Arizona and will continue to work with state and local officials "as we consider our next steps." GT Advanced is a partner for Apple's sapphire initiative. Reference Link
11:41 EDTAAPLJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
10:44 EDTAAPLFitbit said it has no plans to integrate with iOS 8 Heath app, 9to5Mac says
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10:00 EDTINTCOn The Fly: Analyst Initiation Summary
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09:57 EDTAAPLBlog reveals next-generation Apple iPad Air, 9to5Mac says
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09:38 EDTAAPLActive equity options trading on open
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08:20 EDTAAPLQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
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07:13 EDTFOXAHulu may cut number ads on Hulu Plus, NY Post reports
Hulu (FOXA, DIS, CMCSA) CEO Mike Hopkins is looking to cut back on the number of ads that appear on Hulu Plus, reports the New York Post. According to an executive close to the company, Hulu and its partners are “always looking at a variety of ways to create the best possible experience for our viewers and advertisers including reducing the ad load." Reference Link
06:57 EDTAAPLApple's iPhone 6 Plus more popular than iPhone 6, WantChinaTimes says
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06:19 EDTYHOOYahoo lays off 400 employees in India, WSJ reports
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06:13 EDTAAPLNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
06:10 EDTAAPLQuantom begins small-volume production of 12-inch Macbook Air, DigiTimes says
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05:54 EDTAAPLTeen interest in Apple Watch 'tepid,' says Piper Jaffray
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