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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:19 EDTQCOM, KO, RFMD, PRKR, WMT, PAY, RPRX, SWKSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following a number of domestic economic reports. The averages dipped at the outset in a continuation of yesterday’s moderate sell-off, though the market found a level about a half hour into the session and has been range bound since that point... ECONOMIC EVENTS: In the U.S., initial jobless claims rose 20K to 362K last week, coming in above the consensus forecast for 355K claims. The headline consumer price index was flat in January, versus expectations for 0.1% increase, while the "core" rate climbed 0.3%, which was above the 0.2% forecast. Markit's "flash" purchasing managers' index for the U.S. for February came in at 55.2, versus forecasts for a 55.5 first look for the month. The Philadelphia Fed Manufacturing survey fell to -12.5, versus expectations for it to rise to +1.0. Existing home sales for January increased 0.4% to a 4.92M pace, versus an expected decline of 0.8%. The leading economic indicators rose 0.2% to 94.1 in January, in line with expectations. In Europe, the composite services and manufacturing PMI for the shared currency nations fell to 47.3 in February from 48.6 in January, missing forecasts for an improved reading... COMPANY NEWS: Wal-Mart (WMT) confirmed its February sales started off weak, as leaked in internal emails reported by Bloomberg last week. The telegraphed bad start was reflected in the company’s worse than expected forecast for the coming quarter, but earnings in the holiday quarter that just ended beat consensus. The company raised its dividend by 18% as well and shares of the Dow member reacted favorably, rising about 2.5% to lead the DJIA... Coca-Cola (KO), another Dow component, also increased its dividend by 10%, though investor reaction was more muted. Coke shares were up fractionally in midday trading after the announcement... MAJOR MOVERS: Among the notable gainers were ParkerVision (PRKR), which jumped 37% after the company said it received favorable patent in patent claim construction ruling in a suit with Qualcomm (QCOM), and Repros Therapeutics (RPRX), which rose 32% after it said the FDA recommended it complete its study of Androxal. Among the noteworthy losers was VeriFone (PAY), which sank 39% after the company's preliminary Q1 results and preliminary Q2 guidance fell below expectations and the stock was downgraded by at least five firms. Also lower were shares of several semiconductor makers, including RF Micro Devices (RFMD) and Skyworks Solutions (SWKS), which fell following downgrades at Raymond James and the announcement of a new class of chips from Qualcomm... INDICES: Near noon, the Dow was down 59.72, or 0.43%, to 13,867.82; the Nasdaq was down 29.41, or 0.93%, to 3,135.00; and the S&P 500 was down 9.25, or 0.61%, to 1,502.70.
News For WMT;KO;RPRX;PRKR;QCOM;PAY;RFMD;SWKS From The Last 14 Days
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June 22, 2015
17:55 EDTQCOMITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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16:33 EDTWMTGreen Dot rallies sharply on Walmart deal
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16:28 EDTWMTGreen Dot up 27% after announcing deal with Wal-Mart
16:02 EDTWMTGreen Dot to remain program manager for Walmart
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June 19, 2015
08:22 EDTWMTChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link
08:12 EDTSWKSSkyworks price target raised to $125 from $115 at BofA/Merrill
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05:52 EDTQCOMStocks with implied volatility movement; AMZN QCOM
Stocks with implied volatility movement; Amazon.com (AMZN) 24, Qualcomm (QCOM) 19 according to iVolatility.
June 18, 2015
12:04 EDTKOActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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10:19 EDTQCOMQualcomm calls active
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08:48 EDTWMTWal-Mart holds ‘at least’ $76B in overseas tax havens, NY Post reports
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08:01 EDTSWKSSkyworks raises quarterly dividend 100% to 26c per share
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June 16, 2015
19:25 EDTWMTWal-Mart ranks high among millenials, Ad Age says
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16:01 EDTKOApple Twitter Facebook Bank of America Yahoo Netflix Alibaba WisdomTree Coca-Cola Goldman Sachs Micron General Electric
iPath S&P 500 VIX Short-Term Futures down 33c to 18.68. Option volume leaders: AAPL TWTR FB BAC YHOO NFLX BABA WETF KO GS MU GE.
11:11 EDTKOMonster Beverage climbs after added to Citi Focus List
Energy drink maker Monster Beverage (MNST) is advancing after Citi added the stock to its Focus List, saying that the company has many potential positive catalysts. WHAT'S NEW: Monster's stock can rise significantly from current levels, as it has many potential positive catalysts that can kick in over the next 12 months, Citi analyst Wendy Nicholson wrote in a note to investors today. Specifically, the company can enter new markets such as China and its overseas profit margins may increase, the analyst stated, adding that Monster may also sign new distribution deals in foreign markets and launch new products. Other potential catalysts include signs that the distribution of the company's drinks in the U.S. has become smoother in the wake of its transition to Coca-Cola's (KO) system and the possibility that the soda giant will increase its stake in Monster, the analyst believes. Monster could initiate large share repurchases, given the huge amount of cash it received from Coca-Cola, the analyst stated. She predicted that the company's earnings before interest and taxes would grow at an "outsized" compound annual growth rate of 12% over the next five years and kept a $155 price target and Buy rating on the stock. WHAT'S NOTABLE: UBS on June 12 upgraded Monster to Buy from Neutral, saying that the short-term risks facing the company were already priced into the stock, while the beverage maker's U.S. and foreign growth outlook is strong. The analyst predicted that Coca-Cola would increase its stake in the company to 25% from its current 16.7% level. Also on June 12, Monster and Coca-Cola announced that the acquisition of the 16.7% stake in Monster by Coke had been closed. PRICE ACTION: In late morning trading, Monster climbed 4% to $132.
10:16 EDTQCOMApplied Micro may be more open to takeover, The Deal reports
The addition of hedge fund investor Christopher Zepf to Applied Micro Circuits' (AMCC) board may signal the company has become more open to being acquired, The Deal reports. The company could be an attractive target for Qualcomm (QCOM), industry sources told the website. Reference Link
08:40 EDTSWKSSkyworks likely to beat consensus but valuation stretched, says Stephens
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06:36 EDTWMTWal-Mart accused of using charity to increase expansion, NYT reports
Several community and labor organizations are accusing Wal-Mart of inappropriately using its nonprofit Wal-Mart Foundation to reduce local opposition to expansion efforts in places such as Washington, Boston, Los Angeles, and New York, the New York Times reports. The group of organizations claimed in a complaint with the IRS that the Wal-Mart Foundation violated the terms of its tax-exempt status by targeting millions of dollars in donations that would directly benefit the retailer, the report says. The complaint alleges that the foundation donated over $200,000 to organizations in Los Angeles in 2008 and 2009, but raised that figure to $1.4M in 2011, right as the company planned to open a store in that area. When the store was opened in 2013, donations fell to roughly $230,000, the report says. In a statement, the New York Times reports, Wal-Mart spokesman Kevin Gardner said that the Wal-Mart Foundation took tax code and regulations "very seriously" and that the allegations had no merit. Reference Link
June 15, 2015
09:25 EDTPRKRParkerVision enters into full contingent funding arrangement
ParkerVision announced that it has modified its retention agreement with litigation firm McKool Smith for its patent infringement litigation currently underway in the middle district of Florida. Under the terms of the amended retention agreement, McKool Smith will handle the ongoing litigation on a full contingent basis. Previously, McKool Smith was retained on a partial contingent basis whereby ParkerVision funded a portion of legal fees and all expenses.
06:30 EDTPAYSquare planning to go public this year, Forbes reports
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