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Stock Market & Financial Investment News

News Breaks
August 29, 2012
16:27 EDTDY, C, JOSB, WLP, ARQL, YELPOn The Fly: Closing Wrap
Stocks on Wall Street were slightly higher as the Fed's Beige Book and reports on second quarter economic growth and July pending home sales were all encouraging. Stock futures were generally quiet in premarket trading but rose a bit after the GDP revision, leading to a slightly higher open for the broader market. The averages moved in a very narrow range for much of the day before solidifying in positive territory after the Beige Book said that moderate expansion in the economy had continued since the last report. A late day fade dented the gains, but the averages hung on to post modest increases... ECONOMIC EVENTS: The Federal Reserve's Beige Book, its anecdotal account of the state of the economy, stated that economic activity in nine of the Fed's 12 districts rebounded. The U.S.'s second estimate of Q2 GDP growth was revised up to 1.7% from 1.5%, as expected, and Q2 personal consumption growth was revised upward to 1.7% from a prior 1.5% estimate as well. Pending home sales grew 2.4% on a month-over-month basis in July, which was ahead of forecasts... COMPANY NEWS: WellPoint (WLP) rose $4.41, or 7.68%, to $61.80 as investors responded favorably to the decision of its CEO, Angela Braly, to submit to shareholder pressure and resign... Citigroup (C) agreed to pay $590M to settle a shareholder lawsuit that claimed it misled investors about the bank's growing problems before the financial crisis... MAJOR MOVERS: Among the notable gainers were Yelp (YELP), up $4.11, or 22.51%, to $22.37, with the move attributed to a short squeeze after an IPO lockup period expired, and JoS. A Bank (JOSB), up $5.81, or 13.96%, to $47.44, after its earnings and revenues beat expectations. Noteworthy losers included Dycom (DY), down $3.60, or 19.07%, to $15.28, and ArQule (ARQL), down $1.24, or 18.51%, to $5.46, following their earnings reports... INDICES: The Dow gained 4.49, or 0.03%, to 13,107.48; the Nasdaq rose 4.05, or 0.13%, to 3,081.19; and the S&P 500 advanced 1.19, or 0.08%, to 1,410.49.
News For WLP;C;YELP;JOSB;DY;ARQL From The Last 14 Days
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March 20, 2015
16:00 EDTCOptions Update; March 20, 2015
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11:45 EDTYELPYelp management to meet with Brean Capital
Meeting to be held in San Francisco on March 24 hosted by Brean Capital.
06:16 EDTYELP2012 antitrust report calls Google harmful to market, WSJ says
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06:11 EDTYELPYelp selloff yesterday a buying opportunity, says Wunderlich
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06:08 EDTYELPStocks with implied volatility below IV index mean; LL YELP
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March 19, 2015
16:01 EDTCOptions Update; March 19, 2015
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13:51 EDTYELPYelp weakness a buying opportunity, says Cowen
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11:53 EDTCU.S. banks face headwinds in unloading oil loans, WSJ says
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10:12 EDTYELPYelp puts active after plans for critical documentary announced
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09:43 EDTYELPYelp falls after plans for critical documentary announced
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09:06 EDTCCiti Retail Services extends long term consumer relationship with Office Depot
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07:15 EDTCCiti CEO tells shareholders 2015 targets 'within reach,' Reuters reports
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06:06 EDTCCiti files lawsuit over Swiss franc surge, Reuters says
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March 18, 2015
13:56 EDTCArgentina to bar Citi from exiting custody business, Reuters says
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March 17, 2015
16:00 EDTCOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
14:37 EDTCCiti, Barclays near $800M settelement of forex suit, WSJ says
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12:26 EDTCCitibank to exit custody business in Argentina following ruling, WSJ reports
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07:15 EDTCCiti price target raised on positive news flow at Deutsche Bank
Deutsche Bank raised its price target for Citi (C) shares to $56 from $54 citing recent positive news flow around the sale of OneMain, the credit card deal with Costco (COST) and last week's stress test results. Deutsche notes the stock still trades at a 6% discount to tangible book. It keeps a Buy rating on Citi.
March 16, 2015
16:00 EDTCOptions Update; March 16, 2015
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14:09 EDTCCiti reports February credit loss 2.55% vs. 2.30% last month
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