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Stock Market & Financial Investment News

News Breaks
May 16, 2014
16:33 EDTJCP, VRX, JWN, IBM, RDEN, RAX, AGN, DE, GM, CSCO, NYT, M, KO, GMCR, WMTMarket finishes week slightly lower after weak retail sales growth
The market finished the week lower after several economic data points missed expectations and a number of notable companies reported soft results. MACRO NEWS: Retail sales and industrial production for April, a housing market index, and a measure of consumer confidence in May were all worse than expected. On the other hand, jobless claims fell more than expected and reached a seven year low... Overseas, the euro zone's GDP increased only 0.2% last quarter, versus the 0.4% growth forecast by economists. The trend of poor economic news also extended to China, whose April industrial output came in below expectations. COMPANY NEWS: Among the companies that reported weaker than expected results were Wal-Mart (WMT) and Elizabeth Arden (RDEN). Also, IBM (IBM) and farm equipment maker Deere (DE) fell after providing guidance that disappointed investors. Conversely, Cisco (CSCO), Nordstrom (JWN), J.C. Penney (JCP) and Macy's (M) climbed after their earnings surpassed expectations... Allergan (AGN) officially rejected an unsolicited takeover offer from Valeant (VRX), which indicated that it would raise its bid... GM (GM) retreated after the company announced five new recalls covering about 2.7M vehicles and agreed to pay a record $35M civil penalty levied by the DOT... The New York Times (NYT) slumped after abruptly announcing that it had dismissed the executive editor at its namesake newspaper, effective immediately... Cloud computing services provider Rackspace (RAX) announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives... Keurig Green Mountain (GMCR) advanced after Coca-Cola (KO) confirmed plans to exercise its option to raise its stake in the K-cup coffee machine maker up to 16%. INDEXES: The Dow was down 0.55% to 16,491.31, the S&P 500 was down 0.03% to 1,877.86, and the Nasdaq was up 0.46% to 4,090.59.
News For WMT;CSCO;RDEN;GMCR;GM;IBM;KO;DE;JWN;M;AGN;VRX;NYT;RAX;JCP From The Last 14 Days
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May 14, 2015
16:00 EDTCSCO, JCPOptions Update; May 14, 2015
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15:01 EDTJWNNotable companies reporting after market close
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14:44 EDTJWNNordstrom technical comments before earnings
The key technical feature on the chart ahead of results is a rounding top formation, which has bearish implications for future price. If the news is as bearish or more bearish than current expectations, then the downside support levels to watch would be at $73.29, $70.35, and $67.30. There is a line of support at $70 which was previously a consolidation phase from May to October of last year. If the news is bullish, the first significant resistance level would be at the 50-day moving average at $78.77. If there is a breakout above this average, next resistance would be at $80.80. A move to the $80 area would change the short-term trend to bullish, but longer-term the trend would be neutral.
14:05 EDTCSCOAnalysts clash on Cisco outlook after results
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14:01 EDTCSCOFireEye currently unwilling to consider sale, Re/code reports
After Cisco (CEO) John Chambers said last night on the company Q3 conference call that he "wouldn't bet on" the rumor that his company was targeting an acquisition of FireEye (FEYE), Re/code's Arik Hesseldahl added that FireEye is not for sale in any case. The security company's management would not be willing to entertain takeover offers before it reaches $1B in annual revenue, sources familiar with the matter told Hesseldahl. Reference Link
12:55 EDTJCPBulls, bears debate J.C. Penney after earnings report
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11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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10:00 EDTCSCOOn The Fly: Analyst Downgrade Summary
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09:34 EDTCSCOActive equity options trading on open
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09:12 EDTCSCOCisco deferred revenue strong, says SunTrust
After Cisco provided lower than expected Q4 revenue guidance, SunTrust says that the company's deferred revenue was strong, suggesting that its outlook is better than the guidance indicates. SunTrust keeps a Buy rating on the shares.
09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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08:11 EDTJCPJ.C. Penney Q1 encouraging, but cash flow remains tough, says Baird
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07:58 EDTWMTWal-Mart risk/reward favorable into Q1 results, says Baird
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07:44 EDTJCPJ.C. Penney Q1 beats on EBITDA despite sluggish sales, says UBS
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07:19 EDTCSCOCisco downgraded to Neutral on valuation at Sterne Agee CRT
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07:11 EDTCSCO, JCPOptions expected to be active
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07:11 EDTCSCOCisco tone 'quite bullish,' says Stifel
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07:06 EDTCSCOCisco downgraded to Neutral from Buy at Sterne Agee CRT
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07:00 EDTNYTTribune Publishing hires former NYT digital products head, WSJ reports
Tribune Publishing (TPUB) has hired former New York Times (NYT) digital products head Denise Warren to run its digital strategy, The Wall Street Journal reports. Warren, who will start at Tribune in June, will oversee the company's six east coast media groups and oversee strategy as the president of digital. Reference Link
06:52 EDTJCPJ.C. Penney target upped to $15 after Q1 results at Piper Jaffray
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