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News Breaks | | | | October 8, 2012 | | 12:15 EDT |  | KMX, GDOT, UNH, AFFX, NAV, AXP, NFLX, NTSP, WMT | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the World Bank cut its growth forecasts for China and Asia's developing countries. There are also continuing concerns about corporate profits on the cusp of the quarterly earnings season, with S&P 500 companies predicted to see a decline in profits for the first time in 11 quarters. With the Dow up about 11% this year and recently at its highest level since the end of 2007, and with the bond market closed in observance of the Columbus Day holiday and little on the domestic economic calendar, the market has shown little movement since its opening prices... ECONOMIC EVENTS: Domestically, the earnings and economic calendars were thin and bond markets were closed for the holiday. 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. Also, exports from Germany rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data from the nation's Federal Statistical Office showed... COMPANY NEWS: The Dow's newest member, 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 advanced a bit less than 1%... Navistar (NAV) prevented a proxy fight with activist investors Carl Icahn and Mark Rachesky by agreeing to appoint three new members to its board... MAJOR MOVERS: Among the notable gainers were Netflix (NFLX), up over 10% following an upgrade to Overweight from Equal Weight at Morgan Stanley, and CarMax (KMX), up 9% after ITG Research made positive comments about its used car sales trends. Noteworthy losers included Green Dot (GDOT), down 20%, and NetSpend (NTSP), down almost 6% after Wal-Mart (WMT) and American Express (AXP) launched a new reloadable prepaid card offering called Bluebird. Also lower were shares of Affymetrix (AFFX), down 15% after warning it sees Q3 revenue coming in below consensus... INDICES: The Dow fell 37.10, or 0.27%, to 13,573.05; the Nasdaq slid 24.69, or 0.79%, to 3,111.50; and the S&P 500 dropped 6.62, or 0.45%, to 1,454.31. | |
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News For UNH;WMT;AXP;GDOT;NTSP;NAV;KMX;NFLX;AFFX From The Last 14 Days Check below for free stories on UNH;WMT;AXP;GDOT;NTSP;NAV;KMX;NFLX;AFFX the last two weeks. |
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| May 24, 2013 | | 11:44 EDT |  | NFLX | Stocks with call strike movement; NFLX REGN
Netflix (NFLX) June 255 call option implied volatility increased 1% to 44, Regeneron (REGN) September 300 call option implied volatility decreased 2% to 43 according to IVolatility. | | | May 23, 2013 | | 11:49 EDT | | NFLX | Stocks with call strike movement; NFLX APOL
 Subscribe for More Information | | | 09:37 EDT | | NFLX | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ | | | 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 | | | May 20, 2013 | | 14:49 EDT | | NAV | Navistar appoints Bill Kozek as president North America truck business
Navistar (NAV) announced it has appointed Bill Kozek as president of the company's North America Truck and Parts business. He succeeds Jack Allen, who was promoted to COO last month. Kozek joins Navistar following a 26-year career at PACCAR (PCAR), where he most recently served as vice president and general manager of its Peterbilt Motors. | | | 10:11 EDT |  | KMX | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | | 09:58 EDT | | AXP | American Express management to meet with Buckingham
Subscribe for More Information | | | 07:43 EDT | | KMX | CarMax downgraded to Market Perform from Outperform at William Blair
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 | | | 06:01 EDT | | AFFX | Affymetrix CFO Tim Barabe to retire from company effective June 28.
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
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