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Stock Market & Financial Investment News

News Breaks
April 2, 2013
09:22 EDTVOD, AFFY, INO, AET, UNH, HUM, OMPI, HPQ, NDAQ, BGCP, T, VZ, EZPWOn The Fly: Pre-market Movers
HIGHER: Obagi Medical (OMPI), up 14.9% after Mez Pharma proposes to acquire Obagi for $22 per share... Nuance (NUAN), up 8.5% after Carl Icahn reports 9.27% passive stake... Vodafone (VOD), up 5.2% after FT Alphaville says Verizon (VZ), AT&T (T) may consider offer to break-up and buy Vodafone assets... Humana (HUM), up 9.4%, UnitedHealth (UNH), up 4.2%, Aetna (AET), up 4.2%, after CMS issues final 2014 Medicare Advantage rates that were significantly better than original announcement... BGC Partners (BGCP), up 44.2% after selling treasuries platform to Nasdaq (NDAQ) for up to $1.234B in cash and stock. Nasdaq shares down 5.4% in pre-market after deal announced... ALSO LOWER: Inovio (INO), down 13.3% after collaborator ChronTech reports interim Phase II results from study of vaccine to treat hepatitis C virus... Hewlett-Packard (HPQ), down 4.3% following downgrade to Sell rating at Goldman... EZCORP (EZPW), down 3.1% after downgrade to Underperform at FBR Capital... DOWN AFTER EARNINGS: Affymax (AFFY), down 9.6%.
News For VOD;VZ;T;BGCP;NDAQ;HPQ;OMPI;HUM;UNH;AET;INO;AFFY;EZPW From The Last 14 Days
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July 10, 2014
13:16 EDTVZVerizon CEO says not interested in buying satellite company
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10:05 EDTEZPWOn The Fly: Analyst Initiation Summary
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10:05 EDTUNHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
09:13 EDTHPQHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
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08:43 EDTUNHUnitedHealth July volatility elevated into Q2 and guidance
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07:46 EDTHPQHP awarded computing, servers contract by USAF
HP announced that the United States Air Force, or USAF, has issued a Quantum Enterprise Buy, or QEB, procurement for select HP business PCs and Workstations. Products that will be distributed as part of the procurement include a wide array of business desktop and notebook PCs, including the HP Compaq Pro 6305 SFF, HP Z230 Workstation, HP Z820 Workstation, HP ProBook 640 G1 and the HP ZBook Mobile Workstations. Products acquired through this QEB award will be distributed to USAF bases and facilities around the world.
07:11 EDTAET, HUM, UNHAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:26 EDTHPQTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:23 EDTUNH, AET, HUMHealth insurers moving away from fee for service model, NY Times reports
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06:18 EDTHPQIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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05:43 EDTUNHUnitedHealth downgraded to Hold from Buy at Jefferies
Jefferies downgraded UnitedHealth to Hold with an $87 price target saying the market is already pricing in upside to Q2 estimates.
05:30 EDTBGCPBGC Partners issues statement regarding FINRA Arbitration Panel
BGC Partners released the following statement. The Financial Industry Regulatory Authority, or FINRA, Arbitration Panel in the matter involving Tullett Prebon, BGC and certain others has issued its award. Tullett was found to have breached its contract with the people who sold it Chapdelaine Corporate Securities & Co, many of whom now work for BGC, and is ordered to pay them over $6M in damages. Tullett has also been found to have wrongly refused to pay expenses to one of its employees, who was awarded over $222,000. BGC was found solely liable for approximately $13M. Certain desk heads that moved to BGC have been found liable for a total of approximately $20M. BGC expects the awards against these desk heads will be paid for by BGC. Tullett's Management Reports show it has paid over $40M in attorneys' fees in this matter and a related New Jersey matter over the last two years. Sean Windeatt, COO of BGC Partners said, "Tullett has spent more than it recovered, which was a waste of resources." Tullett's final position claimed over $214M in damages, and in earlier positions Tullett had claimed over a billion dollars. It also sought punitive damages and findings against BGC executives, all of which were denied. In a separate FINRA judgment last year, Tullett's claim of $16M in damages against BGC was denied and Tullett was ordered to pay $380,000 to a group of brokers in that matter. The FINRA award will not have a material financial effect on BGC, which had appropriately reserved for it. BGC is pleased to put this arbitration behind it and remains focused on delivering outstanding services to its valued customers.
July 9, 2014
18:50 EDTHPQOn The Fly: After Hours Movers
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18:17 EDTHPQHP, Lenovo shares up fractionally following PC shipment data
Shares of HP (HPQ) and Lenovo (LNVGY) are up fractionally after second quarter PC shipment data was released by Gartner and IDC. WHAT'S NEW: After eight quarters of declining shipments, worldwide PC shipments experienced flat growth in the second quarter of 2014, according to preliminary results by Gartner (IT). Worldwide PC shipments totaled 75.8M units in the second quarter, a 0.1% increase from the second quarter of 2013. According to the International Data Corporation, or IDC, Worldwide Quarterly PC Tracker, Worldwide PC shipments totaled 74.4M units in the second quarter of, a year-on-year decline of -1.7%. The results reflect the smallest decline in global PC shipments since the second quarter of 2012 when declining shipments of mini notebooks combined with a surge in tablet sales to disrupt the PC market. WHAT'S NOTABLE: According to IDC, the U.S. market showed strong 6.9% year-on-year growth in the second quarter. Continuing upgrades of Windows XP systems boosted shipments in commercial portables and desktops, helping the commercial segment. At the same time, retail acceptance of emerging product categories such as Chromebooks and ultraslims helped the consumer segment to stabilize. HP continued to hold the lead and gained 2% market share while four of the top 5 vendors experienced double-digit growth for the quarter. Lenovo and Toshiba (TOSBF) took advantage of some consumer interest in Windows 8 and a push to build up their presence in large enterprises. According to Gartner, Lenovo extended its lead as the leader in worldwide PC shipments, as its worldwide market share increased to 19.2%. Lenovo’s PC shipments grew by double-digits in all regions except Asia/Pacific. Lenovo’s shipment growth in Asia/Pacific was still faster than the regional average. OTHERS TO WATCH: Apple (AAPL), down marginally.
18:10 EDTHPQHP sources deny bid made for Rackspace, Re/code reports
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17:49 EDTEZPWEZCORP initiated with a Neutral at Macquarie
Target $13.
15:54 EDTTDISH expresses concerns over Comcast, AT&T deals to FCC
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12:56 EDTAETAetna names Harold L. Paz, M.D., M.S. as Chief Medical Officer
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09:23 EDTTAT&T exec sees connectivity, healthcare at forefront of wearables, Re/code says
Glenn Lurie, who heads AT&T’s (T) emerging-business efforts, said at the MobileBeat conference that he sees wearables devices needing their own Internet connectivity to take off and that he believes healthcare-focused devices, especially those serving the aging population, as a logical starting place for such devices, according to Re/code. Lurie also predicted that wearables will explode, “just like tablets," when a device maker cracks the code to making them easier to use. Reference Link
06:36 EDTHPQNotebook vendors shifting more orders to China makers, DigiTimes reports
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