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Stock Market & Financial Investment News

News Breaks
April 17, 2014
14:10 EDTLUKOY, QIWI, OGZPY, YNDX, MBTRussian companies advance after Ukraine deal unveiled
The shares of a number of companies that are based in Russia are rising after diplomats reached a deal meant to reduce tensions in Ukraine. WHAT'S NEW: Earlier this afternoon, diplomats unveiled an agreement meant to reduce tensions in Ukraine, The Washington Post and other news services reported. Under the deal, all parties are supposed to refrain from violence and intimidation, while all illegal armed groups are required to be disarmed. The agreement also called for a "constitutional process" and "a broad national dialogue" in Ukraine. PRICE ACTION: In mid-afternoon trading, Russian search engine owner Yandex (YNDX) climbed 5% to $29.56, payment services provider QIWI (QIWI) rose over 2% to $32.53, and Mobile TeleSystems (MBT) added nearly 7% to $16.83. Russian energy company Gazprom (OGZPY) gained nearly 5% to $7.58, while energy peer Lukoil (LUKOY) added 3% to $53.74.
News For YNDX;QIWI;MBT;OGZPY;LUKOY From The Last 14 Days
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December 19, 2014
07:55 EDTMBTMobile TeleSystems, VimpelCom to develop and share LTE networks in Russia
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December 18, 2014
12:59 EDTOGZPYBASF says asset swap with Gazprom will not be completed
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December 17, 2014
11:38 EDTYNDXOptions with increasing implied volatility
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December 16, 2014
16:26 EDTMBT, QIWIOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory following another tumble in the price of oil and Russian central bank intervention on the ruble. The continued decline in crude and the sudden rate hike in Russia led to an early sell-off, though the market soon pared its losses and the Dow eventually built a 200 point gain before noon. The swing of 300 points for the Dow was indicative of the day’s volatility. The market moved across the flat line again and in the end the sellers regained control and pushed the market to another loss. ECONOMIC EVENTS: In the U.S., housing starts fell 1.6% to a 1.028M rate in November, which was worse than the expected 3.1% increase. Building permits dropped 5.2% to a 1.035M rate in the month, which was also worse than the consensus forecast for a 2.5% drop. Markit's flash PMI for the U.S. dropped to 53.7 in December from 54.8 in November, which is an 11 month low and worse than the 55.2 reading that was forecast. In China, HSBC and Markit's preliminary manufacturing PMI fell to 49.5 in December from a final 50.0 reading in November. In Europe, Markit's composite PMI for the euro zone rose to 51.7, which was up from November's final reading of 51.1 and just above analyst forecasts for a reading of 51.5. Additionally, Russia's central bank raised its key interest rate to 17% from 10.5% in an effort to limit substantially increased ruble depreciation risks and inflation risks. COMPANY NEWS: Spain's Repsol (REPYY) announced plans to buy Talisman Energy (TLM) for $8 per share in cash, which was at the high end of the range reported recently by Financial Times. Talisman shares trading in New York surged $2.46, or 48.05%, to $7.58 following the deal announcement, while Repsol slipped 18c, or 0.93%, to $19.26. MAJOR MOVERS: The top nine gainers on the S&P 500 were all oil and gas exploration or services companies. After those came CVS Health (CVS), which gained $2.44, or 2.72%, to $92.31 after the company announced in conjunction with its analyst day meeting that it added $10B to its share repurchase plan, boosted its dividend 27%, affirmed its outlook for this fiscal year and pointed to growing earnings in its next fiscal year. Among the noteworthy losers was heavy truck maker Navistar (NAV), which fell $5.95, or 16.98%, to $29.10 after reporting losses for its just completed quarter. Also lower were shares of Russian companies listed in the U.S., including QIWI (QIWI), which dropped $2.81, or 13.06%, to $18.70 and Mobile TeleSystems (MBT), which slid 75c, or 10.84%, to $6.17. INDEXES: The Dow fell 111.97, or 0.65%, to 17,068.87, the Nasdaq dropped 57.32, or 1.24%, to 4,547.83, and the S&P 500 declined 16.89, or 0.85%, to 1,972.74.
12:26 EDTMBT, QIWIOn The Fly: Midday Wrap
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06:57 EDTYNDXYandex volatility increases as Russian stocks trade lower
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06:51 EDTMBTMobile TeleSystems volatility increases as Russian stocks trade lower
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December 11, 2014
10:17 EDTYNDXCiti upbeat on Google in face of pending Apple decision on Safari
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December 10, 2014
10:00 EDTMBTOn The Fly: Analyst Downgrade Summary
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09:33 EDTMBTMobile TeleSystems downgraded to Equal Weight from Overweight at Barclays
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December 9, 2014
17:24 EDTMBTLazard reports 5.072% passive stake in Mobile TeleSystems
06:40 EDTYNDXYandex to acquire Sovetnik, terms not disclosed, TechCrunch reports
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December 8, 2014
10:00 EDTYNDX, QIWIOn The Fly: Analyst Downgrade Summary
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07:42 EDTQIWIQIWI downgraded to Neutral from Buy at UBS
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07:42 EDTYNDXYandex downgraded to Neutral from Buy at UBS
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