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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:32 EDTWMT, BP, NTAP, SZYM, AMD, BG, VELT, OSIS, DNBOn The Fly: Closing Wrap
Stocks on Wall Street finished the day lower after midday buying sent the averages briefly into positive territory, though the averages yet again could not hold onto their gains. Wal-Mart (WMT), which reported earnings before the bell, issued cautious Q4 guidance ahead of the holiday season. Uncertainty also weighed heavily on investors as concerns over the fiscal cliff, which have abounded since the election, were compounded by increased concerns in the Middle East... ECONOMIC EVENTS: In the U.S., initial jobless claims jumped by 78,000 from the prior week to 439,000. Analysts had forecast a smaller rise to 375,000 and the steep climb in claims was partially attributed to Superstorm Sandy. Consumer prices rose 0.1% overall in October, versus the expected increase of 0.1%. The NY Fed Empire State Survey for November had a -5.22 reading, versus the expected -8.00, and the Philadelphia Fed Manufacturing Survey had a reading of -10.7, versus the expected +2.0. In Europe, Eurostat data showed the Eurozone fell back into recession in the third quarter... COMPANY NEWS: Wal-Mart, despite beating consensus estimates for the most recent quarter, provided guidance for the upcoming quarter that was lower than Street estimates. This tempered outlook sent shares of the Dow component lower by $2.59, or 3.63%, to close at $68.72... BP (BP) agreed to plead guilty to felony charges and to pay the largest criminal penalty in U.S. history for the Deepwater Horizon accident. The company said the aggregate amount of the settlement is about $4.5B, with payments scheduled over a period of six years. Shares of BP opened the day higher, but fell through the session and eventually settled fractionally higher, up 14c, or 0.35%, to $40.30... MAJOR MOVERS: Among the notable gainers was NetApp (NTAP), up $3.04, or 11.20%, to $30.16 after its earnings beat expectations and shares were upgraded at Raymond James. Also trading higher were shares of Solazyme (SZYM), up 71c, or 10.01%, to $7.80 after the company announced strategic partnerships with Archer Daniels (AMD) and a subsidiary of Bunge Limited (BG) that will expand the company's oil production capacity. Among noteworthy losers were shares of Velti (VELT), down $2.27, or 34.19%, to $4.37 after the company reported Q3 earnings that missed consensus estimates and the stock received a downgrade to Hold at Needham. Also lower were shares of OSI Systems (OSIS), down $21.40, or 28.05%, to $54.89 after a Bloomberg report said that Congressman Mike Rogers sent a letter to the TSA stating that the company may have "knowingly manipulated" the result of an operational test. The company later issued a statement denying claims made in the Bloomberg report. Dun & Bradstreet (DNB) declined $7.60, or 9.40%, to $73.21 after a late afternoon report by Reuters said talks between the company and its potential buyers fell apart... INDICES: The Dow lost 28.57, or 0.23%, to 12,542.38; the Nasdaq fell 9.87, or 0.35%, to 2,836.94; and the S&P 500 slid 2.17, or 0.16%, to 1,353.32.
News For WMT;BP;NTAP;SZYM;AMD;BG;VELT;OSIS;DNB From The Last 14 Days
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October 15, 2014
09:14 EDTWMTWal-Mart CEO: We've recognized situation has changed, will respond accordingly
The company expects to continue investing in supply chain to support e-commerce with real momentum there. CEO Doug McMillon says "We will win in the new era of retail." and adds that "driving demand is the only sustainable way to deliver results." Notes once again that the company will manage capital in disciplined, thoughtful manner.
09:09 EDTWMTWal-Mart expects to change capital allocation plans, short term pressure
CEO Doug McMillon said the company will invest less in stores and more in e-commerce. He adds that the company is in a "period of transformation." He said the company took leverage a bit too far, and improving short term performance is a priority for the company's business segments. McMillon said the company has room to improve in stock and at checkout. He says the changes won't happen overnight. Notes that low fuel prices are in the company's favor although healthcare is a headwind. Says the successor of competitors shows it has no excuse to not improve.
09:05 EDTWMTWal-Mart CEO: Future looks bright with the necessary changes
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07:44 EDTBPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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October 14, 2014
17:06 EDTSZYMBraemar Energy Ventures reports 4.99% passive stake in Solazyme
12:01 EDTAMDAMD volatility elevated into Q3 and outlook
AMD October call option implied volatility is at 200, November is at 85, January is at 70; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
10:51 EDTAMDFitch Solutions: Exit of AMD CEO sends CDS to widest level since February
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06:39 EDTAMDAMD, Asustek may be strengthening their partnership, DigiTimes reports
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October 13, 2014
17:47 EDTAMDAMD is trading down 7.7% in the after hours session
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09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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07:15 EDTWMTNational Association of Corporate Directors to hold a conference
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06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
12:05 EDTBGUSDA raises U.S. corn production estimate to 14.475B
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10:01 EDTNTAPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
09:37 EDTWMTWal-Mart upgraded to Buy from Neutral at Gilford Securities
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09:05 EDTBPBP begins $1.1B North Sea project, Bloomberg says
BP CEO Bob Dudley said that the company is poised to begin a project worth close to $1.1B in the North Sea this month, which is anticipated to supply oil and gas into the next ten years, according to Bloomberg, citing comments from Dudley. Reference Link
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