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News Breaks | | | | October 8, 2012 | | 16:23 EDT |  | NTSP, TPCG, UNH, AXP, GDOT, NFLX, WMT, IOSP, LLY, PRGS | On The Fly: Closing Wrap
Stocks on Wall Street were modestly lower in a lackluster session ahead of the earnings season that unofficially begins tomorrow with Alcoa's (AA) report. Internationally, the World Bank cut growth forecasts for China and Asia's developing countries, and a congressional investigation intimated that Chinese telecom companies Huawei Technologies and ZTE Inc. may pose a security risk to the United States. Bond markets were closed for Columbus Day and volume remained light through the trading day... ECONOMIC EVENTS: Domestically, the economic calendar included no reports of note. Internationally, the World Bank warned that a "more pronounced slowdown" is possible in China and also cut its overall growth forecast for developing countries in Asia. However, a reading on China's services sector increased to 54.3 in September from 52.0 in August, according to data from HSBC... COMPANY NEWS: UnitedHealth (UNH) announced it will buy a 90% stake in Amil Participacoes, Brazil's largest healthcare company, for about $4.9B. The company also pre-announced earnings above consensus for its upcoming quarter and shares rose 47c, or 0.82%, to $57.60 on the day... Eli Lilly (LLY) reported additional trial data on an Alzheimer drug that showed slowing of cognitive decline and shares advanced $2.55, or 5.29%, to $50.78... MAJOR MOVERS: Among the notable gainers were Netflix (NFLX), up $6.96, or 10.46%, to $73.52 following an upgrade to Overweight at Morgan Stanley, and TPC Group (TPCG), up $5.21, or 12.81%, to $45.88 after the company disclosed it had received a non-binding acquisition proposal from Innospec (IOSP) for $44-$46 per share. Noteworthy losers included Green Dot (GDOT), down $2.60, or 20.23%, to $10.25 and NetSpend (NTSP), down 79c, or 7.35%, to $9.96 after Wal-Mart (WMT) and American Express (AXP) launched a new reloadable prepaid card offering called Bluebird. Also lower were shares of Progress Software (PRGS), down $2.96, or 13.78%, to $18.52 after announcing the departure of its CEO and saying that it cannot re-affirm its previously issued guidance... INDICES: The Dow lost 26.50, or 0.19%, to 13,583.65; the Nasdaq fell 23.84, or 0.76%, to 3,112.35; and the S&P 500 dropped 5.05, or 0.35%, to 1,455.88. | |
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News For UNH;LLY;NFLX;TPCG;IOSP;GDOT;NTSP;WMT;AXP;PRGS From The Last 14 Days Check below for free stories on UNH;LLY;NFLX;TPCG;IOSP;GDOT;NTSP;WMT;AXP;PRGS the last two weeks. |
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| May 22, 2013 | | 18:33 EDT |  | NTSP | NetSpend says Court denies plaintiff's motion for preliminary injunction
NetSpend Holdings (NTSP) announced that on May 21, the Court of Chancery of the State of Delaware issued a memorandum opinion in Koehler v. NetSpend Holdings et al. denying the plaintiff's motion for a preliminary injunction, which sought to enjoin a shareholder vote on the company's proposed merger with Total System Services (TSS), while finding that a reasonable likelihood exists that the sales process undertaken by the NetSpend Board of Directors was not designed to produce the best price for the stockholders. NetSpend believes that its Board of Directors acted appropriately and pursued a process intended to achieve the best price for the company and intends to continue to vigorously defend itself in the litigation. The Court's ruling will not affect the timing of the company's special meeting of stockholders, which will be held as scheduled on May 31. | | | May 21, 2013 | | 14:50 EDT |  | WMT | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 14:09 EDT |  | WMT | Waste Management volatility low as shares rally to record high
Waste Management overall option implied volatility of 15 is below its 26-week average of 17 according to Track Data, suggesting decreasing price risk. | | | 13:17 EDT | | NFLX | Netflix says Ricky Gervais' original series to debut September 12
 Subscribe for More Information | | | 07:32 EDT |  | WMT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:24 EDT | | LLY | Global Health Care to host a conference
Subscribe for More Information | | | May 20, 2013 | | 09:58 EDT | | AXP | American Express management to meet with Buckingham
Subscribe for More Information | | | 07:42 EDT | | UNH | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | 07:31 EDT | | WMT | Retailers can open warehouses in India areas against FDI, Economic Times says
Subscribe for More Information | | | May 17, 2013 | | 10:18 EDT | | GDOT | Barclays' IT consulting & computer services analyst holds conference call
Subscribe for More Information | | | | 09:37 EDT | | NFLX | Active equity option families trading on open
Subscribe for More Information | | | 07:48 EDT |  | WMT | Wal-Mart valuation profile seems sustainable, says RW Baird
Subscribe for More Information | | | May 16, 2013 | | 16:29 EDT | | WMT | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 14:01 EDT | | WMT | Options Update; May 16, 2013
Subscribe for More Information | | | 13:16 EDT | | WMT | Wal-Mart warns on email phishing scam
Subscribe for More Information | | | 12:24 EDT | | WMT | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 10:02 EDT | | WMT | Target losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target. | | | 09:36 EDT | | NFLX | Active equity option families trading on open
Subscribe for More Information | | | 09:27 EDT |  | WMT | Wal-Mart slips after results and guidance, levels to watch
Subscribe for More Information | | | 09:19 EDT | | WMT | On The Fly: Pre-market Movers
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