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Stock Market & Financial Investment News

News Breaks
July 10, 2014
16:25 EDTVZ, CRAY, REG, AMRE, SRPT, LL, TSCO, LOW, HD, PBPBOn The Fly: Closing Wrap
Stocks on Wall Street began the session deep in negative territory, as fears about the health of one of Portugal’s largest banks, coupled with weak economic data out of Italy, prompted a sell-off in Europe, which spilled over to the U.S. The major averages moved generally higher after the open, though the early losses proved too much to overcome. The reignited fears about Europe's periphery come just as the U.S. corporate earnings season is set to pick up in earnest next week. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 11K to 304K in the week ended July 5. Wholesale inventories rose 0.5% in May, while sales edged up 0.7%, which were both a little below expectations. In Europe, concerns about the periphery rose again as the parent company of Portugal's Espirito Santo bank missed a debt payment, leading the country's interest rates higher and equities in the Eurozone lower. Also, Italy's industrial output saw its steepest monthly fall since late 2012, having dropped 1.2% in May. In China, trade performance improved in June but still missed market forecasts. Exports rose 7.2% in June from a year earlier, missing the consensus forecast for a rise of 10.6%, while imports grew 5.5% in the month, versus the 5.8% growth expectation. COMPANY NEWS: Shares of Verizon (VZ) advanced 74c, or 1.51%, to $49.64 to lead the handful of gainers on the Dow Jones Industrial Average. The rise came after Verizon CEO Lowell McAdam said in an interview on CNBC that his company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. Afterward, Wells Fargo said in a note to investors that the net adds were higher than the firm's recently increased estimate and above Street consensus... Conversely, Home Depot (HD) was the Dow's worst performer, falling $1.33, or 1.65%, to $79.40. After hardwood floors retailer Lumber Liquidators (LL) and farm products retailer Tractor Supply (TSCO) pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and peer Lowe's (LOW), explaining that the comparative sales of those two large home improvement retailers have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators. MAJOR MOVERS: Among the notable gainers was AmREIT (AMRE), which rose $3.25, or 16.93%, to $22.45 after Regency Centers (REG) offered to acquire the company for $22 per share, payable in cash and/or stock. Also higher was Cray (CRAY), which rallied $4.27, or 15.69%, to $31.49 after the company announced it has been awarded a $174M supercomputer deal from the National Nuclear Security Administration. Among the noteworthy losers was sandwich maker Potbelly (PBPB), which plunged $3.68, or 25.12%, to $10.97 after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. Also lower was Sarepta Therapeutics (SRPT), which sunk $3.35, or 12.94%, to $22.54 after the company announced data through week 144 from its eteplirsen study in patients with Duchenne muscular dystrophy. INDEXES: The Dow dropped 70.54, or 0.42%, to 16,915.07, the Nasdaq fell 22.83, or 0.52%, to 4,396.20, and the S&P 500 declined 8.15, or 0.41%, to 1,964.68.
News For VZ;HD;LOW;TSCO;LL;SRPT;AMRE;REG;CRAY;PBPB From The Last 14 Days
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September 15, 2014
08:32 EDTVZApple says pre-orders for iPhone 6, iPhone 6 Plus topped 4M in first 24 hours
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08:09 EDTVZUSA Technologies can benefit as Apple Pay drives interest, says H.C. Wainwright
H.C. Wainwright expects Apple's (AAPL) payment entry to validate the mobile wallet concept, which can shift the balance in the industry and benefit USA Technologies (USAT). The firm noted that USA Tech provides the backbone of the operation behind Softcard, the mobile wallet joint venture owned by AT&T (T), Verizon (VZ), and T-Mobile (TMUS), and the firm believes that this system may "somehow" be absorbed into Apple Pay (AAPL) in the future. H.C. Wainwright reiterates its Buy rating on USA Technologies.
06:32 EDTHDHome Depot took steps to up defenses, but hackers moved faster, WSJ says
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September 12, 2014
12:29 EDTVZVerizon management to meet with Jefferies
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10:09 EDTVZApple, carriers seeing very strong demand for new iPhone models, Re/code reports
Demand for Apple's (AAPL) iPhone 6 and iPhone 6 Plus is greater than that seen in either of the past two years, a spokesperson for AT&T (T) tells Re/code. Re/code notes that Apple and the major carriers, including Verizon (VZ) and T-Mobile (TMUS), appear to have sold through their pre-order supplies of the iPhone 6 Plus. Reference Link
06:42 EDTVZVerizon head receptive to possible tower sale deal, Reuters says
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06:19 EDTVZVerizon could launch digital video service by mid-2015, WSJ reports
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September 11, 2014
10:20 EDTSRPTNebraska Medical Center not naming Ebola drug, The Street reports
Nebraska Medical Center is not releasing the name of the experimental Ebola drug being given to Dr. Rick Sacra, The Street's Adam Feuerstein reports, citing an emailed response from the hospital. Traders are speculating Tekmira (TKMR) is the manufacturer of the drug, Feuerstein points out. Sarepta (SRPT) disclosed that it is not involved in the treatment of Sacra, added Feuerstein. Shares of Tekmira are up 3% to $19.65 in morning trading. Reference Link
09:34 EDTVZVerizon expects streaming online OTT video offering in late 1H15
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September 10, 2014
10:16 EDTTSCOTractor Supply rated Strong Sell at Off Wall Street Research
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07:31 EDTVZGoldman to hold a conference
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06:28 EDTHDHome Depot customer sues firm regarding information breach, Reuters says
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05:32 EDTCRAYCray appoints Steve Scott as Chief Technology Officer
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September 9, 2014
18:02 EDTHDStates investigate Home Depot breach, senators call for FTC probe, Reuters says
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15:46 EDTVZVerizon offering free 16GB iPhone 6 with trade-in of old iPhone
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14:51 EDTVZApple announces iPhone 6, 6 Plus with Retina HD, Apple Pay
Apple announced iPhone 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays. The new iPhones feature a unibody enclosure of anodized aluminum that conforms with the shaped glass of the display. iPhone 6 and iPhone 6 Plus include the Apple-designed A8 chip with second generation 64-bit desktop-class architecture for fast performance and power efficiency. Both models include the M8 motion coprocessor that gathers motion data from the accelerometer, gyroscope, compass and the new barometer. iPhone 6 and iPhone 6 Plus introduce Apple Pay, a new way to securely pay for physical goods and services in stores or apps. Users can pay securely in stores by holding the phone near the contactless reader while keeping a finger on Touch ID. The iSight camera gets better with a new sensor featuring Focus Pixels for faster autofocus and iPhone 6 Plus users will also benefit from optical image stabilization technology that compensates for hand shake in low light and works with iOS 8 to reduce subject motion. With faster LTE download speeds of up to 150 Mbps, iPhone 6 and iPhone 6 Plus users can browse, download and stream content faster. The new iPhones also support voice calls over LTE, or VoLTE, as well as Wi-Fi calling. iPhone 6 comes in gold, silver or space gray, and will be available in the U.S. for a suggested retail price of $199 for the 16GB model, $299 for the 64GB model and 128GB model for $399 with a two-year contract. iPhone 6 Plus comes in gold, silver or space gray, and will be available in the US for a suggested retail price of $299 for the 16GB model, $399 for the 64GB model and $499 for the new 128GB model with a two-year contract. Both models will be available from the Apple Online Store, Apple’s retail stores, and through AT&T (T), Sprint (S), T-Mobile (TMUS), Verizon Wireless (VZ), additional carriers and select Apple Authorized Resellers. iPhone 6 and iPhone 6 Plus will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning on Friday, September 19, and customers can pre-order both models beginning on Friday, September 12.
09:39 EDTHDHome Depot weakness a buying opportunity, says Oppenheimer
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08:33 EDTHDHome Depot customers not acting strongly to breach, says Jefferies
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06:09 EDTVZVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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05:16 EDTVZSprint announces improved phone-trade in program, price match guarantee
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