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Stock Market & Financial Investment News

News Breaks
April 18, 2013
12:33 EDTACI, PM, PPG, AAPL, BTU, UNH, PEP, VZ, ANR, THRX, UNP, MSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite the number of unemployment claims being little changed from last week. Stocks began the session slightly above yesterday’s close but turned mixed within a few minutes of trading. The latest set of corporate earnings released this morning was generally in-line with expectations, as was the weekly jobless claims data. The selling picked up as rumors spread of a possible failure of a French bank, which then was disputed. The averages have moved violently up and down in alternating fashion in the first three sessions of this week, but if the levels near noon hold, the pattern may break and a second down day may be in store for stocks. ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K from the prior week to 352K, which was close to the forecast for 350K. The Philadelphia Fed's General Business Conditions Index for April came in at 1.3, versus expectations for a 3.3 figure. The leading economic indicators fell 0.1% in March to 94.7, versus expectations for a 0.2% rise. COMPANY NEWS: Among the number of large cap companies reporting earnings today before the market opened, PPG (PPG), PepsiCo (PEP), Union Pacific (UNP) and Verizon (VZ) were among the advancers, while Morgan Stanley (MS), UnitedHealth (UNH) and Philip Morris (PM) all declined... Apple (AAPL) fell nearly 2% near noon and crossed below $400 per share for the second straight trading day, after BMO Capital lowered its price target on shares and Piper Jaffray said information from Verizon's report indicates Apple may report March quarter revenue at the low end of guidance. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), which rose 16% after an FDA committee recommended approval of Breo Ellipta for COPD. Also higher were shares of Peabody Energy (BTU), up 8% following its quarterly report, and peers Arch Coal (ACI) and Alpha Natural Resources (ANR), which gained as well after Peabody's results and commentary on the coal market. Among the noteworthy losers was Exact Sciences (EXAS), which fell 21% after the company announced that its colorectal cancer screening test was able to detect the presence of pre-cancerous polyps 42% of the time during a clinical trial. Also lower was Ultratech (UTEK), which fell 13% after reporting revenue that missed expectations and saying its revenue in the current quarter could fall another 25%. INDICES: Near midday, the Dow was down 50.72, or 0.35%, to 14,567.87; the Nasdaq was down 26.23, or 0.82%, to 3,178.44; and the S&P 500 was down 6.86, or 0.44%, to 1,545.15.
News For VZ;AAPL;MS;PEP;PPG;UNP;UNH;PM;THRX;BTU;ACI;ANR From The Last 14 Days
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December 8, 2014
17:05 EDTVZVerizon sees Q4 impacts of promotional offers will pressure wireless EBITDA, EPS
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16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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10:00 EDTPMOn The Fly: Analyst Downgrade Summary
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09:02 EDTANRAlpha Natural announces WARN notices for eight W. Virginia coal mines expire
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08:10 EDTPMPhilip Morris downgraded to Reduce from Neutral at Nomura
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07:26 EDTBTUPeabody still sees FY14 coal sales volumes 245M-255M tons
Peabody Energy Corporation said in a filing that it reaffirms its prior guidance regarding 2014 coal sales volumes, U.S. revenues per ton, operating costs and expenses per ton and capital spending. Specifically, Peabody continues to target full-year 2014 sales volumes of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons. Peabody's targeted 2014 Australian sales volumes include 16 to 17 million tons of metallurgical coal and 12 to 13 million tons of seaborne thermal coal. In the U.S., Peabody continues to project a 2% to 4% decrease in revenues per ton compared to the prior year. Peabody also continues to expect a 1% to 3% decrease in its U.S. operating costs and expenses per ton in 2014 compared to the prior year and 2014 Australian operating costs and expenses of approximately $70 per ton, in addition to 2014 capital spending levels of $200M-$220M.
06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:35 EDTMSValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:21 EDTMSDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 5, 2014
14:15 EDTMSMorgan Stanley to reduce average bonus deferral rate to 50% from 80%
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11:23 EDTAAPLOption volume leaders
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10:00 EDTPEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
09:36 EDTAAPLActive equity options trading
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:41 EDTPEPPepsiCo initiated with a Buy at Evercore ISI
Target $115.
06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
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