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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:37 EDTX, VZ, SIG, CMCSA, NFLX, ZLC, PBPB, GOOG, TIFOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after the S&P 500 spent the majority of the morning in positive ground. Significantly worse than expected housing data for January contributed to a lower open for the major averages, but the Dow and S&P had recovered within an hour of the opening bell. The averages hung near the flat line until just about noon, when all three declined in concert. The move lower may be related to cautious comments coming from the International Monetary Fund, but also coincided with new headlines regarding the ongoing political unrest in Ukraine. ECONOMIC EVENTS: In the U.S., the newly revamped producer price index, which now includes the wholesale cost of goods and adds services, construction, government purchases and exports, climbed 0.2% on a seasonally adjusted basis, which was above the forecast for a 0.1% increase. Housing starts dropped 16% from the prior month to an 880K annual rate in January, which was significantly worse than expected. Building permits also fell a worse-than-expected 5.4% from the prior month to a rate of 937K. COMPANY NEWS: Signet Jewelers (SIG) agreed to acquire Zale (ZLC), which operates its namesake brand as well as Kay Jewelers, Jared, and others, for about $1.4B, or $21.00 per share. Signet projected the transaction to be high single-digit percentage accretive to earnings in the first full fiscal year after the deal closes, excluding acquisition accounting adjustments and one-time transaction costs. Shares of Zale jumped 40% to trade just below $21 at midday, while Signet's stock rose more than 16%. Shares of the leading jewelry and watch retailer in terms of market capitalization, Tiffany (TIF), were up fractionally following the deal between its smaller rivals... After courts ruled against the Federal Communications Commission's last two attempts to enforce "Open Internet" rules, otherwise known as "net neutrality," on broadband providers like Verizon (VZ) and Comcast (CMCSA), the regulator said it is going back to the drawing board to craft new rules to prevent ISPs from charging companies like Netflix (NFLX) and Google (GOOG) to provide consumers of their services the highest speeds. MAJOR MOVERS: Among the notable gainers following their earnings reports were land drilling contractor Nabors Industries (NBR), which advanced 12%, and GPS maker Garmin (GRMN), which gained 8%. Among the noteworthy losers was U.S. Steel (X), which fell 7% after the U.S. Department of Commerce declined to impose tariffs on oil and natural gas pipe products from South Korea, which is the largest exporter among nine nations targeted in a complaint from the company and others in the industry. Also lower were shares of sandwich shop owner Potbelly (PBPB), which fell nearly 11% after reporting quarterly sales that missed expectations. INDEXES: Near midday, the Dow was down 34.00, or 0.21%, to 16,096.40, the Nasdaq was down 21.11, or 0.49%, to 4,251.67, and the S&P 500 was down 4.63, or 0.25%, to 1,836.13.
News For ZLC;SIG;TIF;NFLX;VZ;GOOG;CMCSA;X;PBPB From The Last 14 Days
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July 15, 2015
16:07 EDTNFLXNetflix sees Q3 EPS 7c, consensus 5c
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16:07 EDTNFLXNetflix reports Q2 EPS 6c, consensus 4c
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16:00 EDTNFLXOptions Update; July 15, 2015
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14:58 EDTNFLXNetflix July 97.14 straddle priced for 9.6% movement into Q2
14:53 EDTNFLXNotable companies reporting after market close
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13:23 EDTGOOGGoogle unveils Purchases on Google, other shopping features
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13:01 EDTNFLXEarnings Watch: Netflix shares trading up 45% since last earnings report
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12:02 EDTXAllegheny Technologies dives after slashing Q2 outlook, peers follow
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11:56 EDTGOOGGoogle search might help FDA find unknown drug side effects, Bloomberg reports
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11:35 EDTNFLXNetflix to support Charter's acquisition of Time Warner Cable, Bloomberg says
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11:27 EDTNFLXNetflix July volatility elevated into Q2 and outlook
Netflix July call option implied volatility is at 133, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
11:19 EDTNFLXNetflix technical commentary ahead of earnings
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11:12 EDTSIGSignet Jewelers management to meet with Topeka
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10:04 EDTNFLXNetflix July 99.64 straddle priced for 9% movement into Q2
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09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB BAC RCPT MU YUM NFLX CELG
09:18 EDTGOOGAdobe's Flash disabled by Google due to security worries, WSJ says
Just days after Facebook's (FB) top security executive called on Adobe (ADBE) to discontinue its Flash animation player, Google’s (GOOG) Chrome and Mozilla’s Firefox browsers blocked old versions of the software on Tuesday after reports that hackers were using a security flaw to infiltrate computers, reported The Wall Street Journal's "Digits" blog. Firefox and Chrome will allow Flash to run again if it is updated with the patch Adobe released Tuesday morning, the report noted. Reference Link
08:27 EDTGOOGAdobe says Google display ad strategy underperforms Facebook in Q2
In its "Digital Advertising & Social Intelligence Report" for Q2, Adobe (ADBE) wrote that Facebook's (FB) display ad changes doubled its click-through-rates, or CTRs, year-over-year in the quarter, while Google's (GOOG) display targeting changes reduced its number of ads seen by 22% compared to the prior year and its CTRs were up "only" 24% compared to the same period of last year. The report also contends that the "Mobilegeddon" fears regarding Google's changes to favor mobile friendly sites came true, noting that sites with low mobile engagement saw up to a 10% decrease in organic traffic after the changes were made by the search giant. Reference Link
07:59 EDTGOOGGoogle price target raised to $710 from $614 at B. Riley
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07:38 EDTNFLXNetflix July volatility increases into Q2 and outlook
Netflix July call option implied volatility is at 108, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
06:30 EDTGOOGGoogle July volatility elevated into Q2 and outlook
Google July call option implied volatility is at 35, August is at 23, September is at 21 compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results on July 16.
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