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Stock Market & Financial Investment News

News Breaks
April 26, 2012
12:22 EDTCTXS, UPS, LEAP, PCS, AET, XLNX, CHK, XOM, BCO, ALU, PHM, EQIX, JNJ, NIHD, SWI, AKAM, REGNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, in spite of jobless claims that were higher than expected and disappointing results from Exxon Mobil (XOM). Stocks began the day quietly following the jobless claims data. The averages were mixed in the opening half hour but spurted higher following the March pending home sales report. The data was much better than expected and pushed the averages to their session highs. The averages have since remained in a narrow range but have drifted higher... ECONOMIC EVENTS: Domestically, 388,000 initial jobless claims were reported, versus expectations of 375,000. Continuing claims came in at 3.31M, versus expectations for 3.29M. The Chicago Fed National Activity Index had a reading of -0.29. Pending home sales for the month of March were up 4.1% from the prior month, versus expectations of an increase of 1.0%... COMPANY NEWS: Exxon Mobil and UPS (UPS) both reported revenues and earnings that missed expectations, sending shares of both tumbling. Exxon slid almost 2% following its report, while UPS fell over 3%... Johnson & Johnson (JNJ) increased its dividend by 7%... Reuters reported that the SEC opened an informal inquiry into Chesapeake Energy's (CHK) well participation program as the company came out separately and said it did not review or approve of specific transactions made by its CEO Aubrey McClendon under that program... Among companies reporting earnings, advancers included Citrix Systems (CTXS), Equinix (EQIX), Xilinx (XLNX), Regeneron (REGN) and Pulte (PHM); decliners included Aetna (AET), Akamai (AKAM), Alcatel-Lucent (ALU) and MetroPCS (PCS)... MAJOR MOVERS: Among the notable gainers were SolarWinds (SWI), up 19%, after guiding to FY12 adjusted earnings that were above consensus at the midpoint, and Brinks (BCO), up over 17%, following results that beat on both the top and bottom line. Noteworthy losers included Leap Wireless (LEAP), down 20%, following downgrades at Raymond James and Guggenheim after its weak Q1 results, and NII Holdings (NIHD), down more than 18%, after its revenues and earnings disappointed... INDICES: Near noon, the Dow was up 63.46, or 0.48%, to 13,154.18; the Nasdaq was up 6.61, or 0.22%, to 3,036.24; and the S&P 500 was up 2.62, or 0.19%, to 1,393.31.
News For XOM;UPS;JNJ;CHK;CTXS;EQIX;XLNX;REGN;PHM;AET;AKAM;ALU;PCS;SWI;BCO;LEAP;NIHD From The Last 14 Days
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April 14, 2015
07:10 EDTUPSAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:46 EDTALUAlcatel-Lucent volatility up into Nokia confirms 'advanced discussions' to buy
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06:40 EDTXOMU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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06:31 EDTALUNokia volatility up into confirms 'advanced discussions' to buy Alcatel-Lucent
Nokia (NOK) overall option implied volatility of 42 compares to its 26-week average of 33 according to Track Data, suggesting large price movement into the company confirms 'advanced discussions' to buy Alcatel-Lucent (ALU).
05:51 EDTALUNokia confirms 'advanced discussions' to buy Alcatel-Lucent
Nokia (NOK) said in a statement, "In relation to recent media speculation Nokia and Alcatel-Lucent (ALU) confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." Nokia cautioned that there "can be no certainty at this stage that these discussions will result in any agreement or transaction." The statement comes after Bloomberg reported yesterday afternoon that Nokia was in advanced talks to buy Alcatel-Lucent's wireless assets to better compete with Ericsson (ERIC) in telecommunications equipment. Shares of Nokia are down 65c to $7.65 in pre-market trading while Alcatel-Lucent is up 22c to $4.57.
05:50 EDTALUStocks with implied volatility movement; NOK ALU
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April 13, 2015
17:10 EDTJNJIBM establishes a Watson Health Cloud
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16:21 EDTJNJOn The Fly: Top stock stories for Monday
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15:38 EDTJNJNotable companies reporting before tomorrow's open
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15:08 EDTJNJJohnson & Johnson April 100 straddle priced for 2.2% movement into Q1
15:06 EDTALUNokia in advanced talks to buy Alcatel wireless assets, Bloomberg says
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14:57 EDTALUEricsson trades higher after report of possible Alcatel-Lucent-Nokia deal
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14:49 EDTALUAlcatel-Lucent jumps 9% after report of deal talks with Nokia
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14:48 EDTALUNokia discussed takeover of Alcatel-Lucent, Bloomberg reports
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14:47 EDTALUNokia in advanced talks to buy assets from Alcatel-Lucent, Bloomberg says
14:07 EDTJNJEarnings Watch: Johnson & Johnson shares down slightly since last earnings
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13:28 EDTJNJJohnson & Johnson April volatility elevated into Q1 and outlook
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11:12 EDTJNJJohnson & Johnson technical notes before earnings
Leading up to earnings, the shares have been trading in a narrow range largely bound by $98 at the low and $103 at the high. This trading range was preceded by a decline from the 52-week high set back in the fall of 2014. In a longer time frame, the current trading action is part of a larger potential topping process, with $95 as the midpoint. On worse than expected news, the low bound at $98 would be first important support. A breakdown below $98 would see next support at $95. A move below $95 would confirm the topping process and break the long-term uptrend. Support below $95 would be at $93.94. If results and outlook are better than expected, first resistance would be at the top of the range at $103. Next resistance would then be at $105.36. A move above that level would see $107.10, and then 52-week high and life high at $109.49 as next potential upside objectives.
10:58 EDTAETCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTAETJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
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