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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:37 EDTPBPB, GOOG, TIF, X, VZ, SIG, CMCSA, NFLX, ZLCOn 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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April 7, 2015
06:00 EDTGOOGTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
19:42 EDTGOOGSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTVZ, NFLXOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
15:06 EDTXUS Steel volatility elevated
US Steel April call option implied volatility is at 49, May is at 52, July is at 48; compared to its 26-week average of 46 according to Track Data, suggesting large near term price movement.
14:04 EDTCMCSAIMAX says Universal's Furious 7 grosses $20.8M in IMAX theatres
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11:52 EDTXStocks with call strike movement; X GPRO
U.S. Steel (X) July 29 call option implied volatility increased 4% to 47, GoPro (GPRO) October 50 call option implied volatility decreased 2% to 47 according to IVolatility.
10:02 EDTTIFOn The Fly: Analyst Upgrade Summary
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10:01 EDTVZ, CMCSAWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
09:56 EDTGOOGGoogle in talks with Hutchison for cheaper overseas calls, Telegraph reports
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09:36 EDTGOOGActive equity options trading on open
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09:31 EDTCMCSAComcast Business to expand Ethernet in East Bay with $2M fiber extension
Comcast Business announced an expansion of its multi-gigabit Ethernet service to three business parks in the Northern California towns of Pleasanton, Hayward and Fremont. The high-speed fiber-based network build outs together total close to $2M in investment by Comcast in the East Bay, making available reliable Internet speeds to the more than 1,500 businesses in the community by offering reliable Internet speeds up to 20 times faster than traditional 1.5 Mbps DSL or T-1 service.
07:40 EDTTIFTiffany upgraded to Buy from Neutral at Monness Crespi
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06:45 EDTVZQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
06:32 EDTGOOGGoogle Ventures-backed Buttercoin to shut down
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05:54 EDTGOOGYouTube planning advertising campaign aimed at Canada, Globe and Mail says
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April 5, 2015
18:34 EDTCMCSAComcast's 'Furious 7' leads at weekend box office with $143.6M
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16:56 EDTGOOGEU considers major probe into Internet platforms, WSJ says
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16:29 EDTNFLXNetflix's 'House of Cards' to return for fourth season
Netflix's official twitter account for "House of Cards" tweeted on Thursday the following: "I will leave a legacy." Along with the tweet was a picture with an upside down American flag that said, "Season 4 coming in 2016." Reference Link
14:32 EDTGOOGAntitrust suit against Google over Android app limits dropped, Reuters says
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08:43 EDTVZAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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