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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 Portugalís 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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October 12, 2014
14:18 EDTSRPTNY's JFK Airport begins Ebola screenings, WSJ says
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12:48 EDTSRPTTexas health-care worker tests positive for Ebola, WSJ says
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October 10, 2014
10:54 EDTSRPTMapp looking to up production of experimental Ebola treatment, WSJ says
Mapp Biopharmaceutical is aiming to broaden the manufacturing of its experimental Ebola treatment, ZMapp, according to The Wall Street Journal, citing comments from the company. Mapp said that the treatment was given to a few infected individuals prior to supplies running out two months ago. Drug companies that are working on experimental Ebola treatments include Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX) and NewLink Genetics (NLNK). Reference Link
09:08 EDTHDHome Depot management to meet with Deutsche Bank
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October 9, 2014
16:38 EDTLLStockbridge Partners reports 7.1% passive stake in Lumber Liquidators
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14:55 EDTSRPTHospital says deputy showing no signs of Ebola, AP reports
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14:24 EDTSRPTCDC head compares Ebola to AIDS, Washington Post says
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14:13 EDTSRPTFirst Ebola vaccine trial in West Africa started, NBC News reports
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13:14 EDTLLLumber Liquidators nearing 52-week low, levels to watch
The shares are down over 4% to $53.50 at time of writing. At that price the 52-week low is nearby support at $52.76. Resistance is at $54.33.
12:06 EDTSRPTLakeland Industries continues surge amid Ebola fears
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09:41 EDTHDBofA/Merrill retail analysts hold an analyst/industry conference call
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09:33 EDTVZGE, Verizon announce alliance
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09:16 EDTHDHome Depot management to meet with Deutsche Bank
Meetings to be held in Beijing/Tokyo on October 9 hosted by Deutsche Bank.
October 8, 2014
11:22 EDTSRPTChimerix falls after Ebola patient taking experimental drug dies
Shares of Chimerix (CMRX) are moving lower after the Texas Health Presbyterian Hospital Dallas announced that Thomas Eric Duncan succumbed to Ebola. Duncan was being treated with Chimerix's experimental drug Brincidofovir. Shares of Chimerix dropped 9% following the news to $30.19. Other makers of experimental Ebola treatments include Tekmira (TKMR), Sarepta (SRPT) and BioCryst (BCRX).
09:38 EDTVZActive equity options trading on open
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09:34 EDTHDHome Depot management to meet with Deutsche Bank
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October 7, 2014
16:00 EDTVZOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
09:35 EDTHDHome Depot management to meet with Deutsche Bank
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07:18 EDTLLLumber Liquidators checks indicate improving sale, says Wedbush
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06:11 EDTLLLumber Liquidators checks indicate growth on track, says Wedbush
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