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Stock Market & Financial Investment News

News Breaks
August 6, 2014
12:12 EDTWAG, FOXA, NUS, ENPH, SFTBF, S, TWX, FUEL, GRPN, BAC, TMUS, WPX, TAPOn The Fly: Midday Wrap
Stocks on Wall Street began the session in negative territory in what appeared to be a continuation of yesterday’s sell-off. However, by mid-morning the averages crossed into positive territory where they have remained into the lunch hour. Events from abroad continue to move U.S. markets, as European stock markets responded unfavorably to weaker than expected economic data in Italy and Germany, and investors keep an eye on the unfolding stand-offs in Russia and Israel. ECONOMIC EVENTS: In the U.S., the trade deficit narrowed to $41.5B in June from a revised $44.7B in May. In Europe, Italian GDP unexpectedly contracted 0.2% in Q2, putting the country into a technical recession, while German manufacturing orders surprised with a 3.2% June drop. COMPANY NEWS: Shares of Time Warner (TWX) declined nearly 12% despite the company reporting quarterly earnings that surpassed the consensus expectation, as its results were overshadowed by other news, namely 21st Century Fox (FOXA) withdrawing its offer to buy the company. Fox Chairman and CEO Rupert Murdoch said Time Warner management and its board refused to engage and that the reaction in its own share price since its initial proposal was made "undervalues our stock and makes the transaction unattractive to Fox shareholders." Meanwhile, class A shares of 21st Century Fox, which also authorized the repurchase of an additional $6B of its stock, rose 5%... Another deal being abandoned drove shares of another prominent company lower, as Sprint (S) dropped 18% after replacing CEO Dan Hesse with Marcelo Claure and reportedly gave up on its plans to try to combine with the fourth largest U.S. mobile carrier, T-Mobile (TMUS). Shares of T-Mobile also sunk nearly 7%, though The Wall Street Journal, citing a source, said that Iliad (ILIAF) will continue to pursue its bid for T-Mobile, though the French company sees no immediate need to boost its own offer after Sprint and parent Softbank (SFTBF) appear to have walked away... Bank of America (BAC) increased its quarterly dividend to 5c per share from 1c per share, marking the bank’s first quarterly common stock dividend increase in seven years. MAJOR MOVERS: Among the notable gainers was brewer Molson Coors (TAP), which rose 6% after the company's second quarter profits topped expectations. Also higher following their earnings reports were Enphase Energy (ENPH), which gained 20%, and WPX Energy (WPX), which advanced 12%. Among the noteworthy losers was Walgreen (WAG), which dropped 12% after the company exercised its option to acquire the remaining 55% of Alliance Boots that it does not already own but said its purchase of the rest of Boots will not be a "tax inversion" deal, as many had been expecting. Walgreen also authorized a $3B share repurchase program and raised its dividend by 7.1%, though the capital return plans did not appear to be enough to offset investor disappointment over the lack of an inversion pursuit. Also lower following their earnings reports were Groupon (GRPN), which fell 16%, Rocket Fuel (FUEL), which plunged 27%, and Nu Skin (NUS), which declined 24%. INDEXES: Near midday, the Dow was up 53.37, or 0.32%, to 16,482.84, the Nasdaq was up 25.50, or 0.59%, to 4,378.34, and the S&P 500 was up 6.91, or 0.36%, to 1,927.12.
News For TWX;FOXA;TMUS;S;WAG;BAC;SFTBF;TAP;GRPN;ENPH;WPX;FUEL;NUS From The Last 14 Days
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May 12, 2015
10:16 EDTFUELOptions with decreasing implied volatility
Options with decreasing implied volatility: NDLS WTW FUEL AOL LC NLNK ZU CYBR ARWR HZNP
09:04 EDTFUELRocket Fuel announces expanded strategic alliance with Cyber Communications
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08:31 EDTFOXAApple likely to launch TV video service this year, says Pacific Crest
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08:05 EDTTAPGoldman Sachs to hold a forum
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07:45 EDTENPHJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
06:41 EDTFOXATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
16:00 EDTBACOptions Update; May 11, 2015
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11:48 EDTTMUST-Mobile management to meet with JPMorgan
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10:27 EDTNUSFMR reports 10.64% passive stake in Nu Skin
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10:17 EDTGRPN, FUELOptions with decreasing implied volatility
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09:58 EDTBACBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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09:37 EDTBACActive equity options trading on open
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08:26 EDTFOXAFox says 'American Idol' to end after season 15, NY Times reports
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08:18 EDTBACBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:20 EDTENPHDeutsche Bank to hold a conference
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06:33 EDTFOXATV networks worried amid tough competition from digital outlets, NY Times says
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06:19 EDTSRadioShack trademark, other IP up for auction, WSJ reports
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06:15 EDTSFTBFSoftbank CEO names Nikesh Arora as president, WSJ reports
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May 10, 2015
18:05 EDTFOXA, TWXFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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17:35 EDTTWXDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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