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Stock Market & Financial Investment News

News Breaks
March 1, 2012
12:27 EDTHUSA, GM, GPS, WMT, VE, F, TGT, DGI, PEGA, FIATY, MOn The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, as unemployment claims remained relatively low and retail sales rose. Each of the major indices is higher, with the Nasdaq near its highs of the day. The futures received a boost following in-line jobless claims data, and after the bell rang investors generally ignored the worse-than-expected construction spending number and the ISM data which also fell short of forecasts. The market weakened ever so slightly but continues to show it is resiliency, with the Nasdaq poised to overtake the 3000 level again... ECONOMIC EVENTS: Domestically, 351,000 initial jobless claims were reported, versus the expected 355,000. Personal income for the month of January showed an increase of 0.3%, versus the expected increase of 0.5%, while personal spending was up 0.2%, versus the expected increase of 0.4%. Construction spending fell 0.1% in January, versus expectations for an increase of 1.0%. The ISM manufacturing index read 52.4, which was below the expected 54.5. In Europe, sovereign debt yields declined following the latest LTRO and ISDA ruled that no "credit event" had occurred due to Greece's debt swap arrangements. In China, the official PMI reading came in at 51, which was a month-over-month improvement and indicated expansion... MARKET NEWS: Wal-Mart (WMT) raised its dividend by about 9%. In other retail news, February same store sales were generally strong, with Macy's (M) reporting comparable sales up 4.6% and Target (TGT) saying SSS were up 7%. Among clothing retailers, Gap (GPS) was one of the biggest beneficiaries of a report that surprised to the upside... All the auto makers reporting so far this morning announced increased sales, with Chrysler (FIATY) saying sales were up 40% in February, Ford (F) up 14% and General Motors (GM) up 1% in spite of forecasts that its sales would have declined... MAJOR MOVERS: Among the notable gainers were Pegasystems (PEGA), after its earnings and revenue beat Street expectations, and Veolia Environment (VE), after it reaffirmed its 2012-2013 goal to sell EUR5B in assets and said it is in exclusive talks with an undisclosed investor to sell its stake in its transport unit. Noteworthy losers included Houston American Energy (HUSA), after revealing that its Tamandua #1 well has been plugged, and DigitalGlobe (DGI), following a report of adjusted earnings that missed estimates... INDICES: Near 12:20 pm ET, the Dow was up 49.38, or 0.38%, to 13,001.45; the Nasdaq was up 22.73, or 0.77%, to 2,989.62; and the S&P 500 was up 8.74, or 0.64%, to 1,374.42.
News For WMT;M;TGT;GPS;FIATY;F;GM;PEGA;VE;HUSA;DGI From The Last 14 Days
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March 22, 2015
18:22 EDTWMTWal-Mart shareholders allowed to vote for independent chairman, Reuters says
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March 20, 2015
08:01 EDTF, GMStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
06:22 EDTGMGM CEO to be questioned October 8 over ignition failures, AP says
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March 19, 2015
07:17 EDTTGTStephens to hold a conference
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07:04 EDTMAmerican Express confirms plans to launch Plenti loyalty program
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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12:26 EDTTGTTarget unveils extended one-year return policy
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10:21 EDTDGIHigh option volume stocks:
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09:36 EDTWMTActive equity options trading on open
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08:37 EDTGMGeneral Motors says to change business model in Russia
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08:36 EDTGMGeneral Motors says to idle auto plant in St. Petersburg
06:16 EDTMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
14:13 EDTGM, FMorgan Stanley questions GM capital allocation plan
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09:13 EDTFMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
09:05 EDTTGTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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08:05 EDTGMGeneral Motors coverage resumed with an Underweight at Morgan Stanley
Morgan Stanley reinstated General Motors with an Underweight and $28 price target. The firm believes GM's agreement to accelerate capital returns to investors is a popular short-term decision but raises questions longer-term by increasing both financial and strategic risks.
06:23 EDTGMGM employees to be deposed for class action case, NY Times says
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