New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 30, 2012
12:14 EDTGOOG, SNE, AAPL, MMI, DELL, AMZN, HPQSeveral major companies will be affected by Foxconn changes, Channelnomics says
In addition to Apple (AAPL), Hewlett-Packard (HPQ), Dell (DELL), Sony (SNE), Amazon (AMZN). and Motorola (MMI) - which has agreed to be acquired by Google (GOOG) - all use Foxconn to develop their products, according to Channelnomics.As a result, following Foxconn's decision to increase its workers' salaries, all of these companies will likely have to decide to either raise their prices, accept reduced margins, or find new manufacturing partners, the publication says. Reference Link
News For AAPL;HPQ;DELL;SNE;AMZN;MMI;GOOG 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 | 6 | 7 | 8 | 9 | 10 | 11 | all recent news | >>
March 12, 2015
15:56 EDTHPQIDC lowers PC outlook for 2015, says long-term outlook slightly improved
Subscribe for More Information
14:30 EDTAMZNAmazon acquires Internet-of-Things startup 2lemetry, TechCrunch reports
Subscribe for More Information
14:00 EDTHPQHP removed from Focus List at Citigroup
Subscribe for More Information
13:06 EDTHPQHP rises fractionally despite Barclays downgrade, Intel guidance cut
Subscribe for More Information
12:29 EDTHPQOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday. A slight bounce in the euro overnight lifted overseas markets and U.S. stocks followed. Stock futures were higher during early pre-market trading, then strengthened further following the report of lower than expected retail sales figures for last month, which gave investors hope the Fed will wait longer to raise interest rates. ECONOMIC EVENTS: In the U.S., headline retail sales fell 0.6% in February compared to the prior month, missing expectations for an increase of 0.3%. Retail sales excluding autos and gas declined 0.2%, versus the consensus estimate for a month-over-month increase of 0.3%. Initial jobless claims fell to 289K in the week ended March 7, versus the consensus forecast for 305K first-time claims. Business inventories were flat in January, versus the consensus forecast for them to grow 0.1%. In Asia, the Bank of Korea cut rates for the third time since last August, lowering its base rate to the historical low level of 1.75%. The decision came as a surprise, more in terms of the timing than the cut itself. Data from China showed the nationís M2 money supply growth picked up in February and its banksí new loan creation came in higher than expected as well. COMPANY NEWS: Shares of Intel (INTC) fell 4% after the chip-making giant lowered its Q1 revenue outlook to $12.8B, plus or minus $300M, compared to the previous expectation of $13.7B, plus or minus $500M, citing weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Some other stocks levered to PCs also slid, with Microsoft (MSFT) declining 2% and Advanced Micro Devices (AMD) sliding 3.5%. Hewlett-Packard (HPQ) shares were up fractionally, despite Intel's news and the fact that Barclays downgraded HP's stock this morning to Equal Weight, saying the weak euro could impact demand for PCs and printers... Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC), after the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime. MAJOR MOVERS: Among the notable gainers was Amarin (AMRN), which jumped 27% after H.C. Wainwright upgraded the stock to Buy and raised its price target for shares to $10 from $2.50, citing management's commitment to completing the Vascepa outcomes' study REDUCE-IT. Also higher was Lumber Liquidators (LL), which rose 12.5% after the company held a call to update on the impact that 60 Minutes' recent critical report has had on its business. As part of the call, the flooring retailer reported on its recent sales trends, gave Q1 guidance and said it believes its cash flow from operations and existing liquidity sources will be sufficient to fund operations and anticipated capital expenditures for the "foreseeable future." Among the noteworthy losers was ACADIA (ACAD), which dropped 25% after announcing that it will delay submitting its NUPLAZID NDA for the treatment of Parkinsonís disease psychosis by two or three quarters and reporting that its CEO has retired. Also lower following their first earnings reports since coming public was Box, Inc. (BOX), which dropped 15%. INDEXES: Near midday, the Dow was up 183.31, or 1.04%, to 17,818.70, the Nasdaq was up 26.68, or 0.55%, to 4,876.62, and the S&P 500 was up 18.56, or 0.91%, to 2,058.80.
10:33 EDTAAPLApple store outage may have cost company $25M in sales, Mac Observer reports
The outage at Apple's iTunes Store and App Store on Wednesday may cost the company $25M in lost sales, reports the Mac Observer. Based on the $18.5B Apple brought in from those services last year, that breaks down to about $50M a day. At half a day, that's $25M. Reference Link
10:06 EDTAAPLQualcomm could lose 'important part' of Apple business, The Information says
Qualcomm (QCOM) could lose "an important part" of its business at Apple (AAPL) to new component makers and Intel (INTC), said The Information's Amir Efrati. Reference Link
10:01 EDTHPQOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:36 EDTAMZNNielsen survey shows 36% Netflix household penetration
Subscribe for More Information
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
09:04 EDTHPQMicrosoft drops after Intel cuts Q1 revenue outlook on PC weakness
Subscribe for More Information
08:32 EDTAAPLJPMorgan says report of Intel iPhone win makes sense
Subscribe for More Information
08:17 EDTSNE'Cinderella' expects $60M in opening weekend, Variety says
Subscribe for More Information
07:54 EDTAAPLApple Watch may have little wearable competition, says UBS
Subscribe for More Information
07:51 EDTAMZNAlibaba hiring for cloud computing in Seattle, Silicon Valley, Reuters says
Alibaba (BABA) has begun hiring cloud computing professionals in Seattle and Silicon Valley, reports Reuters, citing postings on LinkedIn. Reuters notes that recruiters in the region suggested Alibaba is "eyeing staff," particularly developers, at Amazon (AMZN), Microsoft (MSFT), and Facebook (FB). According to LinkedIn data, Alibaba has already hired 20 former Microsoft employees. Reference Link
06:10 EDTAAPLApple removes competing fitness wearables from its retail stores, Re/code says
Subscribe for More Information
06:08 EDTAMZNStocks with implied volatility below IV index mean; AMZN QCOM
Subscribe for More Information
05:58 EDTSNESony Mobile Taiwan says company will not sell mobile business, DigiTimes says
The general manager of Sony Mobile Communications Taiwan Jonathan Lin has said Sony does not have any plans to put its mobile device business unit up for sale, reports DigiTimes. Responding to recent rumors, Lin said Sony mobile is looking to achieve profitable operations in 2015-2016 and reach its goal of having 3-5% operating margins by 2017. Reference Link
05:58 EDTAAPLMacBook USB Type-C adoption may expand penetration, DigiTimes reports
Subscribe for More Information
05:39 EDTHPQHP downgraded to Equal Weight from Overweight at Barclays
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 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