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Stock Market & Financial Investment News

News Breaks
January 10, 2013
12:25 EDTARO, NOK, WMT, MCP, SVU, URBN, FOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as a slightly worse than expected weekly jobless claims report in the U.S. was balanced by strong export data from China. With the earnings season not set to begin in earnest until next week, and no sign of urgency from lawmakers to pick up their debate on the impending debt ceiling until the last minute again, the market may be range-bound in the near term... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Wal-Mart (WMT) shares slid nearly 1% after two Congressmen suggested that the company's current CEO knew as early as 2005 about bribery allegations against the retailer in Mexico... Ford (F) rose 2.5% after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) rose almost 13% after the company reported a quarterly profit on sales that were roughly in-line with expectations, but more importantly agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), which surged over 18% after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher were shares of Urban Outfitters (URBN), up 4% after it reported a 9% increase in comparable retail segment net sales during the holiday season and research firm Piper Jaffray raised its price target on the shares. Among the noteworthy losers were Molycorp (MCP), down 21% after forecasting lower than expected 2013 revenue and cash flow, and Aeropostale (ARO), down 6% after cutting its Q4 profit view and having shares downgraded to Hold at Brean Capital... INDICES: Near noon, the Dow was up 14.49, or 0.11%, to 13,405.00; the Nasdaq was down 0.40, or 0.01%, to 3,105.41; and the S&P 500 was up 3.85, or 0.26%, to 1,464.87.
News For WMT;F;SVU;NOK;URBN;MCP;ARO From The Last 14 Days
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April 27, 2015
20:03 EDTWMTBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
17:18 EDTNOKInterDigital says judge rules against Nokia, Microsoft in patent case
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16:53 EDTSVUSupervalu initiated with a Sector Perform at RBC Capital
Target $12.
15:04 EDTSVU, FNotable companies reporting before tomorrow's open
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13:41 EDTFFord technical comments before earnings
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13:32 EDTFEarnings Watch: Ford sees Q1 production 1.67M units
Ford Motor Co. (F) is expected to report first quarter earnings on Tuesday, April 28, before the market open with a conference call scheduled for 9:00 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for earnings per share of 26c on revenue of $33.92B, according to First Call. The consensus range for EPS is 15c-35c on revenue of $31.13B-$35.16B. LAST QUARTER: Ford reported fourth quarter EPS of 26c against estimates for 23c, on revenue of $35.9B against estimates for $34.54B. Ford reported Q4 production of 1.526M units, down 46K from the prior year's quarter. Ford sees Q1 production of 1.667M units, up 54K from the prior year's quarter. It sees 2015 U.S. industry volume of 17M-17.5M vehicles, Europe 20 industry volume of 14.8M-15.3M vehicles, and China industry volume of 24.5M-26.5M. Ford maintained its 2015 pre-tax profit outlook of $8.5B-$9.5B. On its conference call, Ford said it expects calendarization for fiscal year 2015 profit to be "atypical" due to launches. It said it was not seeing a "big bottom line impact" from strong dollar on 2015 results, and expects 2015 capex of $7.5B. On April 17, Ford confirmed a $2.5B investment in two new facilities building a new generation of engines and transmissions in the states of Chihuahua and Guanjuato, respectively. Quarterly production was as follows: January U.S. sales up 15% to 178,351 units; February U.S. sales down 1.9% to 180,383 units; March U.S. sales down 3.4% to 235,929 vehicles. STREET RESEARCH: Street research has been light in the weeks leading up to Ford's Q1 earnings report. On April 10, Citigroup maintained a Neutral rating on Ford with a $16 price target. On April 20, JP Morgan maintained an Overweight rating on Ford with a price target of $19. PRICE ACTION: Ford's shares are up approximately 10% since its Q4 report. In afternoon trading ahead of Tuesday's Q1 report, Ford is up over 1%.
08:29 EDTFFord May weekly volatility elevated into Q1 and outlook
Ford May weekly call option implied volatility is at 35, May is at 21, July is at 17, August is at 18; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q1 result son April 28.
06:15 EDTWMTWal-Mart fighting for right to sell more alcohol in Texas, WSJ reports
Wal-Mart (WMT) is fighting for the right to sell more alcohol in Texas, The Wall Street Journal reports. The retailer is suing the Texas Alcoholic Beverage Commission, claiming legal limits on sales of hard liquor are "unconstitutional," the publication says. Wal-Mart has also joined fellow retailers Costco (COST) and Kroger (KR), as well as other groups, to back legislation that would override the current state beverage laws. Reference Link
April 26, 2015
16:37 EDTNOKNokia says no current plans to manufacture consumer handsets
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April 25, 2015
14:36 EDTFFord to host sales conference call
Conference call to discuss April U.S. sales will be held on May 1 at 10 am. Webcast Link
April 24, 2015
17:38 EDTFFord issues recall for Fiesta, Fusion, MKZ due to door latch issue
Ford Motor Company is issuing a safety recall for approximately 390,000 2012-2014 Ford Fiesta and 2013-2014 Ford Fusion and Lincoln MKZ vehicles for a door latch issue. The door latch in these vehicles may experience a broken pawl spring tab, which typically results in a condition where the door will not latch. If a customer is then able to latch the door, there is potential the door may unlatch while driving, increasing the risk of injury.Ford is aware of two allegations of soreness resulting from an unlatched door bouncing back when the customer attempted to close it, and one accident allegation when an unlatched door swung open and struck an adjacent vehicle as the driver was pulling into a parking space. Reference Link
10:11 EDTSVUHigh option volume stocks
High option volume stocks: AERI UEC NUAN DSW CHU SVU PII ACTG GIMO JNPR
09:20 EDTMCPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
09:04 EDTMCPLynas: China's export tax decision may boost rare earth demand, Bloomberg says
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April 23, 2015
19:56 EDTWMTWal-Mart blocks shareholder vote to examine possible gender bias, Guardian says
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16:17 EDTAROAeropostale announces changes to board
Aéropostale announced future changes to the composition of its board. Robert Chavez has advised the company that he will not seek re-election to the company's board at the 2015 Annual Stockholder Meeting due to his responsibilities and time commitments as president and CEO of Hermes of Paris. Chavez will continue to serve until the 2015 Annual Meeting. Stefan Kaluzny has also advised the company that he will not seek re-election as a Director at the 2015 Annual Stockholder Meeting. Kaluzny, a Managing Director of Sycamore Partners, has served as a designated Series B Director since May 2014. He will also continue to serve until the 2015 Annual Meeting.
15:44 EDTFFord to cut shift in Michigan factory, Detroit News says
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09:18 EDTFOn The Fly: Pre-market Movers
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08:19 EDTNOKBaidu mulling bid for Nokia maps unit, Bloomberg reports
07:41 EDTFGeneral Motors drops 3% to $35.90 after Q1 results miss estimates
Shares of GM (GM) peer Ford (F) are down 1% while Fiat Chrysler (FCAU) is down 2%.
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