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News Breaks
August 15, 2014
17:02 EDTKMP, KATE, JCP, NDLS, EPB, EBAY, CSCO, M, RRGB, KMR, AMZN, KMI, ICPT, SEAS, WMTStocks end week slightly higher despite flare-up in Russian tensions
Stocks on Wall Street were higher for the week as earnings season wound down and geopolitical events, primarily in Russia, took center stage once again. MACRO NEWS: In the U.S., the NFIB's small business confidence index rose 0.7% to 95.7 in July, though that was below the expectation for a 96.0 reading. Retail sales were flat in July, versus an expected 0.2% increase. Initial jobless claims rose to 311K in the second week of August, versus expectations for 295K claims. Import prices fell 0.2%, while export prices were flat in July. The Producer Price Index increased 0.1% overall, matching expectations. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. In Europe, growth in the shared currency zone stagnated, with Q2 GDP slipping to unchanged. The biggest economy in the region, Germany, saw its GDP contract 0.2% in the quarter. In Asia, a measure of new credit in China came in at $44.3B in July, marking its lowest monthly total since October 2008. China's industrial production grew 9.0% year-over-year in the month, versus expectations for 9.2% growth. Japan's second quarter GDP fell an annualized 6.8%, which was slightly better than the expectation for a 7% decline. COMPANY NEWS: Wal-Mart (WMT) reported second quarter results that were in-line with expectations, but the world's largest retailer cut its fiscal year earnings outlook citing additional investments in e-commerce and higher U.S. health-care costs than previously anticipated. Despite the lowered guidance, Wal-Mart shares finished the day that it reported up about 0.5%, but the stock lost about 1% for the week. Among the other noteworthy losers following their earnings reports were Macy's (M), J.C. Penney (JCP), Kate Spade (KATE), SeaWorld (SEAS), King Digital (KING), Red Robin Gourmet Burgers (RRGB), and Noodles & Company (NDLS)... Cisco Systems (CSCO) reported higher than expected sales and profits for its fiscal fourth quarter. However, the Dow Jones Industrial Average component declined on the day after its report after saying it does not expect emerging markets growth for "several quarters" and that it expects to cut 6,000 jobs, or 8% of its workforce... Shares of Kinder Morgan (KMI) advanced after the company announced plans to consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Amazon.com (AMZN) advanced after the company launched "Amazon Local Register," a credit-card device and mobile app to help small business owners accept payments that will go head-to-head with competing systems from Square and eBay's (EBAY) PayPal unit... Intercept Pharmaceuticals (ICPT) rose after data from a trial of its liver disease drug OCA showed improved safety as well as a statistical benefit in reversing liver fibrosis. INDEXES: For the week, the Dow gained about 0.66% to close at 16,62.91; the S&P 500 rose about 1.21% to close at 1,955.06; the Nasdaq advanced about 2.14% to close at 4,464.93.
News For WMT;M;JCP;KMI;CSCO;KATE;AMZN;EBAY;KMP;KMR;EPB;SEAS;RRGB;NDLS;ICPT From The Last 14 Days
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August 21, 2015
13:50 EDTAMZNOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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12:13 EDTCSCOBrocade soars after Q3 results top estimates
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11:38 EDTAMZNAmazon.com heads back toward session lows
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11:13 EDTAMZNStocks with call strike movement; AMZN TWTR
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11:12 EDTAMZNQualcomm reportedly to enter consumer drone market
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August 20, 2015
19:53 EDTJCPRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
18:59 EDTAMZNGoogle, Amazon, private equity compete for Indian data center unit, ET says
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18:20 EDTAMZNAuthors Group urges DOJ probe of Amazon.com, WSJ reports
Authors United group is urging the DOJ to launch an investigation into Amazon.com, claiming the company has "unprecedented power" over the book publishing market, the Wall Street Journal reports. Reference Link
16:33 EDTAMZNAmazon.com to open fifth Texas fulfillment center in San Marcos
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13:18 EDTAMZNAmazon.com falls, levels to watch
The shares are down 2.8% at time of writing to $517.99. The last established support level before the large bullish gap from last earnings is at $513.06. If that level is taken out on the downside, a gam fill will begin. And the chart will be left with a blow-off top formation. Resistance is at $522.62.
12:56 EDTAMZNSmall drones bringing air traffic problems in U.S., Washington Post reports
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10:28 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
06:05 EDTAMZNAmazon Web Services to open data support center in London, Financial Times says
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05:56 EDTAMZNGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
13:23 EDTJCPOptions with increasing call volume
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11:42 EDTWMTPlug Power calls Wal-Mart 'satisfied customer' in blog post
In a blog post titled "GenKey Success with Walmart," Plug Power wrote, "Since GenKey's inception in early 2014, its value proposition has been proven for many of our material handling customers, including Walmart. Plug Power's GenKey solution packages all elements of a high-performance hydrogen fuel cell implementation together in one bundle for easy adoption: GenDrive fuel cell units, GenFuel hydrogen and fueling infrastructure, and GenCare service...On paper, the solution is great. But it's really when we see a satisfied customer like Walmart make ongoing investments to convert its material handling fleets to GenKey hydrogen and fuel cells, at one distribution center after another, that we fully understand the successful impact our product is having on North America's leading retailer...We value our opportunity to provide Walmart warehouse facilities with viable hydrogen and fuel cell solutions that are helping to improve business operations, increase production efficiencies, and bring sustainable power to the industry. Walmart's continual GenKey adoption is not only a validation of our value proposition, but a validation of our technology." Reference Link
10:14 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
09:33 EDTWMTActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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07:42 EDTAMZNPhoenix Amazon warehouse evacuated due to chemical leak, ABC15 says
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