New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
12:43 EDTJNPR, PPC, KORS, PANW, TSN, P, TLYS, HSH, AAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite a significant downward revision to the government's estimate of economic growth in the first three months of the year. The market opened slightly higher and has seen little in the way of volatility, mirroring the pattern seen throughout the week. Volume remains light and the market remains locked in a very narrow range, albeit near all-time highs. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that gross domestic product decreased at a 1% annual rate in the first quarter of the year, which is down significantly from the government's first estimate of positive 0.1% growth for the period and below the consensus expectation for a revision to a 0.5% decline. Initial jobless claims dipped 27K to 300K in the week ended May 24 from a revised 327K previously. An index of pending home sales edged up 0.4% to 97.8 in April, which was less than the expected 1% rise. COMPANY NEWS: Last night, Apple (AAPL) confirmed that it has agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. Financial Times first reported on May 8, citing people familiar with the negotiations, that Apple was in talks to acquire Beats. In a note to investors after the confirmation, JPMorgan analyst Rod Hall wrote that the deal "is really about what Apple can do with Beats Music" to revitalize its own iTunes music business. Meanwhile, PiperJaffray analyst Gene Munster wrote that Apple acquired Beats for several reasons, including the opportunity to bring Beats co-founders Jimmy Iovine and Dr. Dre to Apple to work on content. Near noon, Apple rose nearly 1% to trade near $630 per share, while Pandora, which also offers a streaming music service, was fractionally lower. MAJOR MOVERS: Among the notable gainers was Hillshire Brands (HSH), which jumped about 17% to trade near $52 per share after the company received an unsolicited takeover offer of $50 per share in cash from Tyson Foods (TSN) that trumped the $45 per share bid announced just two days ago from Pilgrim's Pride (PPC). Also higher was Palo Alto Networks (PANW), which rose 8.5% after the company reported stronger than expected third quarter results and agreed to pay Juniper (JNPR) $175M in cash, stock and warrants as part of a settlement of their patent litigation. Among the noteworthy losers was apparel, footwear and accessory retailer Tilly's (TLYS), which dropped 16% after the company reported a decline in its first quarter same-store sales and gave lower than expected earnings guidance for the new quarter. Also lower in the day after its earnings report was Michael Kors (KORS), which slipped 5% after the shares were downgraded this morning at Avondale to Market Perform from Outperform. INDEXES: Near midday, the Dow was up 15.38, or 0.09%, to 16,648.56, the Nasdaq was up 11.86, or 0.28%, to 4,236.94, and the S&P 500 was up 4.12, or 0.22%, to 1,913.90.
News For AAPL;P;KORS;HSH;TSN;PPC;TLYS;PANW;JNPR 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 | all recent news | >>
July 13, 2015
10:25 EDTAAPLGoogle to unveil interactive watch faces next Android Wear, Phandroid says
Subscribe for More Information
10:21 EDTPANWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ashford Hospitality (AHT) initiated with a Buy at Brean Capital... Axovant Sciences (AXON) initiated with an Outperform at Baird... Baxalta (BXLT) initiated with a Hold at Deutsche Bank... Criteo (CRTO)initiated with an Outperform at RBC Capital... Cynapsus Therapeutics (CYNA) initiated with a Buy at BofA/Merrill... Fitbit (FIT) initiated with a Buy at Deutsche Bank... Invuity (IVTY) initiated with an Overweight at Piper Jaffray... Nivalis Therapeutics (NVLS) initiated with a Buy at H.C. Wainwright... Orrstown Financial (ORRF) initiated with an Outperform at Keefe Bruyette... Palo Alto (PANW) initiated with an Overweight at JPMorgan... PayPal (PYPL) initiated with a Buy at Deutsche Bank... Phillips 66 Partners (PSXP) initiated with an Outperform at Wells Fargo... Restaurant Brands (QSR) initiated with an Outperform at Scotia Howard Weil... TASER (TASR) initiated with a Neutral at CL King.
10:21 EDTAAPLOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:34 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL NFLX FB BAC NFLX CHK KO MU T
09:16 EDTAAPLSusquehanna comfortable buying Apple, NXP Semiconductors ahead of earnings
Subscribe for More Information
09:02 EDTAAPLApple outlook still positive, says Cantor
Noting that Apple's stock has dropped over the past couple of weeks, Cantor blames the retreat on the sharp sell-off in China's stock market, a sloppy tech tape and concerns regarding Apple Watch. However, the firm thinks the company's momentum in China will not be derailed by the stock market retreat, while supply issues have restrained sales of the Apple Watch. The firm believes that Apple Watch will be the top gift this holiday season. It keeps a $195 price target and Buy rating on the shares.
08:47 EDTAAPLSkyworks should be bought ahead of earnings, says Pacific Crest
Subscribe for More Information
07:48 EDTAAPLApple July volatility elevated into Q2 and outlook
Subscribe for More Information
07:44 EDTAAPLHSBC to launch Apple Pay in UK on Tuesday, 9to5Mac reports
Subscribe for More Information
07:18 EDTAAPLChina jitters won't impact Apple results yet but long-term test remains, FT says
Subscribe for More Information
07:06 EDTAAPLApple Watch U.S. sales 3.04M through July 10, MacRumors reports
Subscribe for More Information
06:37 EDTAAPLTablet sales plateaued in 2014, TechCrunch reports
Subscribe for More Information
06:23 EDTAAPLApple upgraded to Buy from Hold at Societe Generale
Societe Generale analyst Andy Perkins upgraded shares of Apple to Buy and maintained its $140. Perkin's upgraded Apple citing recent share weakness, expectations for a successful launch of the new 6s handset in September, and continuing good growth in revenues from the App Store.
06:17 EDTAAPLApple could release updated iPod Touch, Nanos this week, Business Insider says
Subscribe for More Information
05:59 EDTPStocks with implied volatility above IV index mean; P HLF
Subscribe for More Information
05:49 EDTAAPLFoxconn plans to build 10-12 India plants before 2020, DigiTimes reports
Apple supplier Foxconn plans to build 10-12 plants in India before 2020, reports DigiTimes. According to sources at Taiwan's handset supply chain, the rise of the domestic market and clients' demand for local production in India has prompted Foxconn to consider building production bases in the country. Reference Link
05:49 EDTAAPLReports: Foxconn investment plan in Vietnam rejected, DigiTimes says
Subscribe for More Information
05:49 EDTAAPLApple 'cautious' about placing orders for 12.9-inch iPad, DigiTimes reports
Subscribe for More Information
05:49 EDTAAPLUpstream supply chain expects weak PC performance in 2H15, DigiTimes reports
The upstream supply chain expects weak PC performance in the second half of 2015, reports DigiTimes. According to sources, orders are expected to stay weak in Q3 after it originally expected a bottoming out in Q2. Reference Link
05:25 EDTPANWPalo Alto initiated with an Overweight at JPMorgan
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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