New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 10, 2013
13:04 EDTCIEN, FAST, ADTN, BRLI, FNSR, KMX, HMA, BIDU, TITNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following the unexpected early release of the minutes from the Fed's last rate setting meeting in March. The move higher has pushed the S&P above its all-time closing high, which was established last week, and has seen it set a new all-time intraday record as well. In addition to the Fed minutes, the President unveiled a budget proposal that calls for tough entitlement cuts, but those come paired with increased revenues, and China unexpectedly reported a trade deficit caused by higher than expected imports... ECONOMIC EVENTS: In the U.S., the Federal Reserve decided to release the minutes from it last Federal Open Market Committee meeting at 9:00 am ET, which was five hours earlier than scheduled, because they were leaked yesterday to trade groups and some members of Congress. The minutes showed continued discussion over the costs and benefits of the Fed's bond-buying program, with several members saying it would "probably be appropriate to slow purchases later in the year and to stop them by year-end." However, many on the Street noted that the minutes were for a meeting that occurred prior to last Friday's disappointing monthly jobs report. Also, President Obama sent a $3.77T spending plan to Congress in a bid to revive deficit-reduction talks. In China, a rare trade deficit of $880M was reported for March, as imports surged 14.1% from a year earlier, outpacing a 10% rise in exports. Also of note, the World Trade Organization slashed its forecast for global trade growth in 2013 to 3.3% from its prior call for 4.5% growth, and S&P revised its outlook on Cyprus to Stable from Negative... COMPANY NEWS: Earnings season picked up a little bit of steam, with reports from ADTRAN (ADTN) and CarMax (KMX) sending their shares higher, while Titan Machinery (TITN) and Fastenal (FAST) declined following their quarterly results announcements... MAJOR MOVERS: Among the notable gainers was Baidu (BIDU), which rose over 6% following an upgrade to Buy from Hold at 86 Research. Also trading higher were a number of ADTRAN's peers, including Finisar (FNSR), up nearly 7%, and Ciena (CIEN), up about 6%, following the telecommunication equipment provider's better than expected report. Among the noteworthy losers were Health Management Associates (HMA), which fell 17% after its preliminary view of its quarterly results fell short of expectations, and Bio-Reference Labs (BRLI), which slid 7% in an apparent delayed reaction to a "whistleblower" suit filed against it last week but widely circulated today... INDICES: Near 1 pm ET, the Dow was up 147.54, or 1.01%, to 14,821.00; the Nasdaq was up 58.03, or 1.79%, to 3,295.89; and the S&P 500 was up 19.43, or 1.24%, to 1,588.04.
News For ADTN;TITN;KMX;FAST;BIDU;FNSR;CIEN;HMA;BRLI From The Last 14 Days
Check below for free stories on ADTN;TITN;KMX;FAST;BIDU;FNSR;CIEN;HMA;BRLI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 8, 2014
10:51 EDTBIDUCtrip, Qunar rise after Bloomberg says travel sites in deal talks
Subscribe for More Information
09:35 EDTBIDUActive equity options trading on open
Subscribe for More Information
09:09 EDTBIDUOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
07:22 EDTBIDUQunar, Ctrip.com in talks on potential merger, Bloomberg says
Chinese travel websites Qunar (QUNR) and Ctrip.com (CTRP) are in talks on a range of possibilities, from a partnership to a full merger, according to Bloomberg, citing two people with direct knowledge of the talks. Qunar, which went public last year in the U.S., is majority owned by Chinese search giant Baidu (BIDU), which recently had over 58% of voting power via its stake. Reference Link
April 7, 2014
14:16 EDTBIDUBaidu volatility increases as shares pull back to six-month low
Subscribe for More Information
11:21 EDTKMXOptions with decreasing implied volatility: QCOR MU KMX EPB
09:35 EDTFASTFastenal March checks better than expected, says Cleveland Research
Cleveland Research's checks indicate Fastental March sales trending towards 11.5% growth vs. consensus of 9%. The firm's Q1 estimates remain in-line with the Street given the weather impact on the quarter, gross margin pressure and cost growth.
08:31 EDTKMXCarMax growth rates returning to normal, says RW Baird
Subscribe for More Information
07:44 EDTCIENMarketo to hold a summit
Subscribe for More Information
07:20 EDTTITNTitan Machinery guidance likely to be disappointing, says Piper Jaffray
Piper Jaffray expects disappointing guidance from Titan Machinery due to weak equipment margins and demand for farm machinery. Piper lowered its estimates for Titan and keeps a Neutral rating on the stock ahead of the company's Q4 results.
April 4, 2014
11:21 EDTKMXOptions with decreasing implied volatility: MU KKMX YONG TWO
Subscribe for More Information
10:34 EDTKMXCarMax slips after Q4 EPS, revenue miss analysts' consensus
Subscribe for More Information
09:30 EDTFASTFastenal initiated with a Positive at Susquehanna
Subscribe for More Information
09:13 EDTKMXOn The Fly: Pre-market Movers
HIGHER: Mylan (MYL), up 6.8% after report of desire to buy Swedish rival Meda, which confirmed it had been in talks with Mylan but rejected the company's takeover offer. Shares of Mylan were also upgraded to Buy this morning at Citigroup... Mercury Systems (MRCY), up 8.8% after Reuters said Boeing (BA) is considering a takeover bid of the supplier..Micron (MU), up 3% after reporting earnings and revenue that topped expectations... Align (ALGN), up 6% after winning patent case against ClearCorrect... GameStop (GME), up 2.8% following upgrade at BofA Merrill Lynch... Potbelly (PBPB), up 4.6% after upgrade at William Blair.... SYNNEX (SNX), up 18.5% after earnings report. LOWER: CarMax (KMX), down 3.3% after reporting earnings and revenue that fell below expectations... Halozyme (HALO), down 33% after announcing temporary halt of Phase 2 trial enrollment for PEGPH20... Ocean Power (OPTT), down 15% after 3.8M share Spot Secondary priced at $3.10.
09:00 EDTKMXCarMax falls 3.9%
Subscribe for More Information
07:43 EDTBIDUBaidu market leading search share in China rose in March, Marbridge Daily says
Subscribe for More Information
07:04 EDTKMXCarMax says corrected accounting related to cancellation reserves
Subscribe for More Information
07:02 EDTKMXCarMax reports Q4 EPS 44c, consensus 53c
Subscribe for More Information
07:01 EDTKMXCarMax board approves $1B expansion of share repurchase program
This authorization expires December 31, 2015.
April 3, 2014
15:06 EDTKMXCarMax April 48 straddle priced for 6.7% move into Q4
Subscribe for More Information
1 | 2 | 3 | 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