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Stock Market & Financial Investment News

News Breaks
July 16, 2014
12:26 EDTTWX, VIAB, DIS, CBS, LCI, IBM, AAPL, TXT, PNC, BAC, BABA, YHOO, INTC, THC, HCA, FOXA, DISCAOn The Fly: Midday Wrap
Stocks on Wall Street began the session sharply higher on the heels of solid earnings reports from a few corporate bellwethers as well as some completed acquisition deals and a high-profile rejected one. The market began to lose some steam during the second hour of trading as Fed Chairwoman Yellen began her second day of testimony in Washington on the economy. 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. The Fed's Beige Book is expected to be released at 2 pm ET. COMPANY NEWS: Shares of HBO parent Time Warner (TWX) jumped more than 15% 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). According to the report, Fox indicated that it would sell its news channel CNN, which could be sought by CBS (CBS) or Disney's (DIS) ABC, as part of the proposal. Before the opening bell both Time Warner and Fox confirmed the report, with Time Warner stating that it rejected the bid since it was "not in the best interests of stockholders" and 21st Century Fox noting that the companies are not currently in discussions. Other media stocks were trading higher after the news, with Discovery Communications (DISCA) rising 6.5% and Viacom class B shares (VIAB) gaining 4%... Shares of Intel (INTC) advanced 7.5% after the semiconductor giant's second quarter results beat analysts' consensus estimates. Among other S&P 500 companies reporting earnings, Textron (TXT) advanced, while Bank of America (BAC) and PNC Financial (PNC) declined... Apple (AAPL) gained 1% and IBM (IBM) advanced more than 2% after the companies announced a deal to partner on mobile products for corporations. MAJOR MOVERS: Among the notable gainers was Tenet Healthcare (THC), which rallied 7% after after another company in the hospital sector, HCA Holdings (HCA), pre-announced stronger than expected second quarter results. For its part, HCA rose 9% after providing better than expected Q2 guidance and increasing its fiscal year outlook. Among the noteworthy losers was Lannett (LCI), which fell 14% after announcing that it has received interrogatories and subpoena from the State of Connecticut Office of the Attorney General concerning its investigation into pricing of the drug digoxin. Also lower after its earnings report was Yahoo! (YHOO), which fell 4.5%. In addition to reporting results, the company announced last night that it has amended its share repurchase agreement with Chinese e-commerce company Alibaba (BABA), reducing the number of shares that Yahoo is required to sell at the IPO to 140M shares from 208M. INDEXES: Near midday, the Dow was up 64.71, or 0.38%, to 17,125.39, the Nasdaq was up 18.55, or 0.42%, to 4,434.94, and the S&P 500 was up 7.08, or 0.36%, to 1,980.36.
News For TWX;FOXA;HCA;THC;INTC;YHOO;BABA;BAC;PNC;TXT;AAPL;IBM;LCI;CBS;DIS;VIAB;DISCA From The Last 14 Days
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October 8, 2014
10:44 EDTAAPLFitbit said it has no plans to integrate with iOS 8 Heath app, 9to5Mac says
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10:00 EDTINTC, BABAOn 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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09:20 EDTDISJ.C. Penney says will expand Disney stops in stores to 680 from 500
09:20 EDTDISJ.C. Penney CEOsays will open more Sephora shops in store
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08:34 EDTBACBank of America October volatility increases into Q3 and outlook
Bank of America October call option implied volatility is at 28, November is at 23, January is at 22; compared to its 26-week average of 24 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on October 15.
08:20 EDTAAPLQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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07:56 EDTBABAAlibaba volatility decreases on tight share price movement
Alibaba October call option implied volatility is at 30, November is at 35, December is at 37; compared to its 1-week average of 38 according to Track Data, suggesting decreasing price movement.
07:25 EDTVIABViacom threatens to remove channels in Canada over unbundling, Globe & Mail says
Viacom (VIA, VIAB) is threatening to remove its stations off Canadian cable systems and onto an online streaming service if the Canadian Radio-television and Telecommunications Commission forces carriers to offer channels on a “pick-and-pay,” or unbundled, basis, reported The Globe and Mail. Reference Link
07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
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07:17 EDTBABAAlibaba initiated with a Neutral at Macquarie
Macquarie initiated Alibaba with a Neutral and $88 price target citing valuation.
07:13 EDTDIS, FOXAHulu 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
07:13 EDTBACBank dealers agree to revised derivatives rules, FT reports
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06:57 EDTAAPLApple's iPhone 6 Plus more popular than iPhone 6, WantChinaTimes says
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06:47 EDTLCILawmakers may push for new regulations on generic drug makers, NY Times says
After the prices of some generic drugs soared more than 1,000% over the last year, two influential members of Congress are probing the sector and threatening to look to impose new regulations on it, according to The New York Times. Generic drug makers include Teva (TEVA), Mylan (MYL), Actavis (ACT), and Lannett (LCI).Reference Link
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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