New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 9, 2014
12:18 EDTAA, ACI, WLT, ANR, NXST, SBGI, GTN, CTCT, GM, TM, PG, STZOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday ahead of the release of the minutes for the Federal Reserve’s last policy meeting. Investors may have gained some optimism about the upcoming earnings season following Alcoa’s (AA) first quarter report, sending its shares and the major averages higher right from the outset of today’s trading. The indexes have moved in a relatively narrow range, but have remained in positive ground throughout the morning. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.5% in February, matching economists’ forecast. The minutes for the March 18-19 FOMC meeting are scheduled to be released at 2 pm ET. COMPANY NEWS: Shares of aluminum producer Alcoa gained more than 3% after the company unofficially kicked off the earnings season with its report last night. The company reported first quarter adjusted profit that beat estimates, on revenue that missed expectations, adding that its year-to-date productivity gains are ahead of schedule… Toyota Motor (TM) saw its New York listed shares slip a bit over 1.5% after the company announced the recall of over 6M vehicles worldwide and its shares were downgraded to a Neutral rating at Bank of America Merrill Lynch. Another automaker grappling with its own recall issues, General Motors (GM), declined 2% after Morgan Stanley downgraded the stock to Underweight from Equal Weight. GM will need to invest heavily into connected vehicles, advanced power trains and eventually autonomous cars, which will pressure margins and earnings, the analyst contended… Procter & Gamble (PG) shares were fractionally higher after the consumer goods giant agreed to sell its three major pet food brands - Iams, Eukanuba, and Natura - to Mars for $2.9B. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), which surged 28% higher after the company’s preliminary first quarter revenue exceeded analysts' projection. Also higher were shares of several companies that own local TV stations, including Gray Television (GTN), Sinclair Broadcast (SBGI), and Nexstar (NXST), after Wells Fargo upgraded all three stocks after its meetings with FCC representatives relieved its prior concerns that the agency could veto sharing deals among stations. Among the noteworthy losers was beer and wine importer and distributor Constellation Brands (STZ), which slid 3% despite the company reporting sales that matched estimates and adjusted profits that beat the consensus forecast. Also lower were shares of a number of coal producers, including Alpha Natural Resources (ANR), Walter Energy (WLT) and Arch Coal (ACI), after all three stocks were downgraded to Sell at UBS. INDEXES: Near noon, the Dow was up 57.81, or 0.36%, to 16,313.95; the Nasdaq was up 29.81, or 0.72%, to 4,142.80; and the S&P 500 was up 6.06, or 0.33%, to 1,858.02.
News For AA;PG;TM;GM;CTCT;GTN;SBGI;NXST;ANR;WLT;ACI;STZ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
October 23, 2014
06:13 EDTPGProcter & Gamble narrows potential CEO successors to four, WSJ reports
Subscribe for More Information
October 22, 2014
18:14 EDTPGProcter & Gamble narrows pool of potential CEO candidates, WSJ says
Subscribe for More Information
14:20 EDTPGProcter & Gamble October weekly volatility increases into Q1 and outlook
Subscribe for More Information
13:28 EDTGMEarnings Preview: General Motors sees better second half, excluding recalls
Subscribe for More Information
12:09 EDTPGLuxottica to name P&G executive as co-CEO, Bloomberg says
Eyeglass maker Luxottica (LUX), which is in the midst of a boardroom upheaval, will name Procter & Gamble (PG) executive Adil Mehboob-Khan as a co-CEO, says Bloomberg, citing people familiar with the matter. Reference Link
11:33 EDTTMToyota exec aims to keep Takata despite airbag defect, Reuters says
Subscribe for More Information
10:14 EDTGMKyle Bass says would buy more GM shares at current levels
Subscribe for More Information
10:08 EDTGMBass says General Motors taking back share from Ford
Subscribe for More Information
10:05 EDTGMKyle Bass says General Motors still largest position
Subscribe for More Information
06:24 EDTTM, GMNHTSA says over 6M cars involved in Takata airbag recalls
Subscribe for More Information
October 21, 2014
12:08 EDTGMGeneral Motors says supports Michigan House Bill 5606
Subscribe for More Information
10:13 EDTGMGeneral Motors volatility elevated into Q3 and outlook
Subscribe for More Information
10:00 EDTGMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:26 EDTGMGeneral Motors initiated with a Neutral at Susquehanna
Subscribe for More Information
October 20, 2014
11:53 EDTGMDeaths tied to faulty GM ignition-switch increases to 29, Reuters says
Subscribe for More Information
10:32 EDTTMToyota recalls 247K vehicles equipped with faulty Takata air bags
Toyota Motor Sales, U.S.A. announced plans to conduct a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata Corporation. This action intensifies Toyota’s efforts to reach customers and remedy previously recalled vehicles, and a small number of newly included vehicles, in certain geographic areas that appear to warrant immediate action, based on testing by the supplier. Reference Link
08:30 EDTSTZConstellation Brands initiated with a Buy at Pivotal Research
Subscribe for More Information
08:22 EDTGMCourt rules GM loan docs valid despite mistake, Reuters reports
Subscribe for More Information
October 17, 2014
18:10 EDTGMGeneral Motors General Counsel Michael Millikin to retire in early 2015
Subscribe for More Information
16:31 EDTGMGeneral Motors announces $12.5B revolving credit facility
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use