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News Breaks | | | | February 21, 2013 | | 12:19 EDT |  | WMT, KO, RPRX, PRKR, QCOM, PAY, RFMD, SWKS | On 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. | |
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News For WMT;KO;RPRX;PRKR;QCOM;PAY;RFMD;SWKS From The Last 14 Days Check below for free stories on WMT;KO;RPRX;PRKR;QCOM;PAY;RFMD;SWKS the last two weeks. |
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| June 19, 2013 | | 10:01 EDT |  | KO | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Coca-Cola (KO) initiated with an Outperform at Credit Suisse... Dr Pepper Snapple (DPS) initiated with a Neutral at Credit Suisse... Keryx (KERX) initiated with an Overweight at JPMorgan... Neurocrine Biosciences (NBIX) initiated with an Outperform at Oppenheimer... PepsiCo (PEP) initiated with a Neutral at Credit Suisse... Superior Energy (SPN) initiated with an Outperform at Cowen... Chambers Street Properties (CSG) initiated with a Neutral at Ladenburg... Synergy Resources (SYRG) initiated with an Outperform at Iberia... Callidus Software (CALD) initiated with a Buy at Lake Street... Teva (TEVA) initiated with a Buy at Maxim... Ubiquiti Networks (UBNT) initiated with an Outperform at JMP Securities... Vantiv (VNTV) initiated with an Overweight at Morgan Stanley... Visa (V) initiated with an Overweight at Morgan Stanley... MasterCard (MA) initiated with an Overweight at Morgan Stanley... Global Payments (GPN) initiated with an Underweight at Morgan Stanley... Green Dot (GDOT) initiated with an Underweight at Morgan Stanley... Total System (TSS) initiated with an Equal Weight at Morgan Stanley... MoneyGram (MGI) initiated with an Equal Weight at Morgan Stanley... Heartland Payment (HPY) initiated with an Equal Weight at Morgan Stanley... FleetCor (FLT) initiated with an Equal Weight at Morgan Stanley... Western Union (WU) initiated with an Equal Weight at Morgan Stanley... CorEnergy (CORR) initiated with an Outperform at Wells Fargo. | | | 09:06 EDT |  | QCOM | Qualcomm picked up content in Galaxy S4, says William Blair
 Subscribe for More Information | | | 07:09 EDT |  | WMT | Wal-Mart plays catch up to Amazon.com, WSJ reports
Subscribe for More Information | | | 06:21 EDT | | KO | Coca-Cola initiated with an Outperform at Credit Suisse
Subscribe for More Information | | | 06:08 EDT | | WMT | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 18, 2013 | | 16:13 EDT |  | KO | AMA adopts policy supporting ban of marketing energy drinks to kids
The American Medical Association, or AMA, announced that it voted during its Annual Meeting to adopt several new policies on emerging issues in public health and science. Among the policies adopted was support for a ban of the marketing of high stimulant/caffeine drinks to adolescents under the age of 18. "Energy drinks contain massive and excessive amounts of caffeine that may lead to a host of health problems in young people, including heart problems, and banning companies from marketing these products to adolescents is a common sense action that we can take to protect the health of American kids," said AMA board member Alexander Ding, M.D. The Fly notes that Forbes reported earlier this week that the AMA might endorse such a ban. | | | 16:12 EDT | | QCOM | Microsoft adds Qualcomm as Surface RT supplier, Bloomberg says
Microsoft (MSFT) will use Qualcomm (QCOM) chips in its updated Surface RT tablet, reports Bloomberg, citing people with knowledge of the company's plans. The report also cites a source that says Nvidia's (NVDA) Tegra chip will continue to be used for some versions of the Surface. Reference Link | | | 15:47 EDT | | QCOM | Microsoft said to have added Qualcomm as supplier for Surface RT, Bloomberg says
Subscribe for More Information | | | 15:23 EDT | | KO | AMA calls for ban on advertising energy drinks to kids, Bloomberg says
Subscribe for More Information | | | June 17, 2013 | | 16:02 EDT |  | RPRX | Repros Therapeutics commences offering of 3M shares of common stock
Subscribe for More Information | | | | 15:29 EDT | | WMT | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link | | | 14:21 EDT | | RPRX | Repros Therapeutics amends PHS patent license agreement
In a regulatory filing, Repros Therapeutics disclosed that on June 14, Repros entered into the Ninth Amendment to the PHS Patent License Agreement dated April 16, 1999, by and between the National Institutes of Health, the Centers for Disease Control or the Food and Drug Administration, collectively, the Public Health Service or PHS, agencies of the United States Public Health Service within the Department of Health and Human Services and the company.The Ninth Amendment substitutes and amends the development benchmarks that the company is required to meet under the Agreement. The company is also filing herewith the Eighth Amendment to the Agreement dated April 20, 2010, which added additional molecules licensed to the Company from PHS under the Agreement. | | | 07:22 EDT |  | KO | Biotech Industry Organization to host a conference
Subscribe for More Information | | | June 15, 2013 | | 17:46 EDT | | WMT | Wal-Mart appoints Cash as new presiding director, Reuters says
Subscribe for More Information | | | June 14, 2013 | | 07:21 EDT | | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information | | | June 13, 2013 | | 14:40 EDT |  | KO | Coca-Cola volatility increases to 18-month high
Subscribe for More Information | | | 09:30 EDT | | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information | | | 09:24 EDT | | RFMD | RF Micro Devices recommended on strong Spreadtrum numbers at Northland
Subscribe for More Information | | | 05:58 EDT | | KO | Coca-Cola implied volatility at upper end of index mean range
Subscribe for More Information | | | 05:48 EDT | | WMT | Wal-Mart increases hiring but uses temps, Reuters reports
In recent months, Wal-Mart Stores has been only hiring temporary workers at many of its U.S. stores, the first time the major retailer has done so outside of the holiday shopping season, reports Reuters.Reference Link | | |
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