Merger denied, collaboration approved

Posted by Admin on Wednesday, July 16, 2014

Index & Sector performance 7/16/14

The Market:

A small up session in the market was helped by solid earnings reports in the morning and a potential huge media merger between Time Warner (TWX) and Twenty First Century Fox (FOXA). FOXA offered $85/share but were turned down by TWZ. This sent shares of TWX screaming higher finishing the day up 17.07% as traders reevaluated TWX’s worth and also speculated on increased offers. In other corporate news, Apple (AAPL) announced they will be teaming up with IBM (IBM) to provide business mobile solutions. BlackBerry (BBRY) was negatively affected by the news finishing the day down 11.77%.

The leading sector on the WSC Scoreboard in today’s trading was Energy (XLE) which finished 1.52% higher. The worst sector was Retail (XRT) followed closely by HealthCare (XLV) which closed down 0.36% and 0.31% respectively.

In Economic data, PPI came in better than expected while Core PPI met expectations. Tomorrow’s featured data is Building Permits and Unemployment Claims before the open and then Philly Fed at 10am ET.

Economic Calendar week of 7/14/14

Reporting EPS 7/17/14 Pre-Market:

Companies Reproting EPS 7/17/14 pre-market

Analyst Comments:

Upgrades 7/16/14

Downgrades 7/16/14

Initiations 7/16/14

Price Target Changes 7/16/14

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Wall Street Consensus

Merger denied, collaboration approved

The Market:

Reporting EPS 7/17/14 Pre-Market:

Analyst Comments:

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