New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 1, 2013
12:04 EDTANF, FSLRStocks with call strike movement; FSLR ANF
First Solar (FSLR) April 33 call volatility decreased 3% to 54, Abercrombie & Fitch (ANF) March 57 call option implied volatility increased 5% to 53 according to iVolatility.
News For ANF;FSLR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
09:03 EDTANFExpress, Abercrombie & Fitch spring outlook positive, says BMO Capital
Subscribe for More Information
05:40 EDTFSLRSolarCity downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Jon Windham downgraded SolarCity (SCTY) to Equal Weight citing the company's "weak" installation growth and guidance in Q4 and as well as investors' increasing focus on the company's near-term funding needs. Further, the U.S. Supreme Court ruling may delay action on the Clean Power Plan, Windham tells investors in a research note. He cut his price target for SolarCity shares to $20 from $49. The analyst also downgraded this morning Sunrun (RUN) to Equal Weight. Windham's top pick in the space remains First Solar (FSLR).
February 10, 2016
16:43 EDTFSLROn The Fly: Top stock stories for Wednesday
Stocks endured another roller coaster session as Fed Chair Yellen kicked off her annual pilgrimage to Capitol Hill. The averages began the day in positive territory, helped by an early rise in oil prices. The averages shot higher following a bullish oil inventory report, but soon afterward reversed and began to lose ground. The Nasdaq, which had been the strongest of the indexes throughout the day, maintained its leadership while the other indexes faltered. The Dow struggled under the weight of Disney (DIS) shares, which were lower following the company's earnings report, and gave in to the selling pressure for good late in the day, falling into the red near the close of the session. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee. Tomorrow, she will present to the Senate Banking Committee. In her prepared remarks ahead of her testimony, Yellen said U.S. financial conditions have recently become "less supportive of growth," citing declines in the stock market, higher borrowing rates for riskier borrowers, and further appreciation of the dollar. Yellen also noted that foreign economic developments pose risks to domestic economic growth, noting that these growth concerns, along with strong supply conditions and high inventories, contributed to the recent fall in the prices of oil and other commodities. In a Q&A session, Yellen said she did not think recent market volatility warrants a rate cut. Separately, the Treasury announced a $55.2B budget surplus for January, much improved from the $17.5B shortfall registered in January of 2015. In Asia, Japanese stock indexes sank further, with the Topix falling another 3% and the Nikkei dropping over 2%. COMPANY NEWS: Continuing a recent trend in the media space, Time Warner (TWX) reported lower than expected quarterly revenues and saw its stock punished. The shares ended the day down 5% to $60.03, after slipping much further early in the session, despite the fact that its fourth quarter earnings topped expectations, as did its profit forecast for the new fiscal year, with the company also hiking its dividend 15% and authorizing a $5B share buyback program. Meanwhile, Disney last night reported better than expected earnings and revenue, powered by its blockbuster "Star Wars" film, but its shares fell 3.8% to $88.82 as investors continue to worry about the future of traditional media companies in the face of industry shifting trends such as cord-cutting and over-the-top video... SolarCity (SCTY) plunged 29.3% to $18.63 after reporting lower than projected installations in Q4 and giving lower than expected Q1 installation guidance. The stock's slide also weighed on its peers in the solar space, as First Solar (FSLR) fell 3% and Sunrun (RUN) dropped 15.7%. MAJOR MOVERS: Among the noteworthy gainers was Fitbit (FIT), which advanced 2.7% to $14.68 after Vanguard reported a 9.2% stake in the company and Salesforce (CRM) founder, chairman, and CEO Marc Benioff reported a 5% stake. Also higher was Neurocrine Biosciences (NBIX), which rose 4.7% to $33.70 after AbbVie (ABBV), in cooperation with the company, announced that the second Phase 3 trial of endometriosis drug Elagolix met its co-primary endpoints. Meanwhile, Akamai (AKAM) and Panera Bread (PNRA) gained 21.2% and 4.95%, respectively, after reporting quarterly results. Among the notable losers was Retrophin (RTRX), which declined 0.7% to $13.64 after Imprimis Pharmaceuticals (IMMY) said it intends to make an alternative to the company's Thiola product. Also lower were ARM Holdings (ARMH) and Demandware (DWRE), which lost 8.82% and 8.81%, respectively, after reporting quarterly results. INDEXES: The Dow fell 99.64, or 0.62%, to 15,914.74, the Nasdaq gained 14.83, or 0.35%, to 4,283.59, and the S&P 500 slipped 0.35, or 0.02%, to 1,851.86.
12:18 EDTFSLROn The Fly: Top stock stories at midday
Stocks have undergone another see-saw ride. The averages opened in positive territory, added to their gains in early trading, then saw much of their gains disappear, with the Dow now slipping below the flat line. Market watchers are intently listening as Fed Chair Janet Yellen speaks before the House Finance committee. She has maintained her mantra that the central bank will be data dependent in making its policy decisions and given little clue as to the potential pace of further rate hikes, though she did say that she does not believe the Fed will need to cut rates again. ECONOMIC EVENTS: In the U.S., Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee. Tomorrow, she will present to the Senate Banking Committee. In her prepared remarks ahead of her testimony, Yellen said U.S. financial conditions have recently become "less supportive of growth," citing declines in the stock market, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar. Yellen also noted that foreign economic developments pose risks to U.S. economic growth, noting that these growth concerns, along with strong supply conditions and high inventories, contributed to the recent fall in the prices of oil and other commodities. In Asia, Japanese stock indexes sank further, with the Topix falling another 3% and the Nikkei dropping over 2%. COMPANY NEWS: Continuing a recent trend in the media space, Time Warner (TWX) reported lower than expected quarterly revenues and its stock was punished. The shares were down 2% near noon, after being down much further early in the session, despite the fact that its fourth quarter earnings topped expectations, as did its profit forecast for the new fiscal year, and the company hiked its dividend 15% and approved a $5B share buyback program. Disney (DIS) last night reported better than expected earnings and revenue, powered by its blockbuster "Star Wars" film, but its shares also fell about 5% this morning as investors continue to worry about the future of traditional media companies in the face of industry shifting trends such as cord-cutting and over-the-top video... SolarCity (SCTY) plunged 20% after reporting lower than projected installations in Q4 and giving lower than expected Q1 installation guidance. A number of analysts cut their price targets on the stock but maintained their buy or equivalent ratings, though Roth Capital analyst Philip Shen downgraded SolarCity to Neutral and cut his price target for the shares to $19 from $65. SolarCity's slide weighed on its peers in the solar space as well, as First Solar (FSLR) fell 2.5% and Sunrun (RUN) dropped 12.5%. MAJOR MOVERS: Among the noteworthy gainers was Fitbit (FIT), which advanced 5% after Vanguard reported a 9.2% stake in the company and Salesforce (CRM) founder, chairman, and CEO Marc Benioff reported a 5% stake. Also higher were Akamai (AKAM), Panera (PNRA), and Sealed Air (SEE), which gained 21%, 5%, and 8%, respectively, after reporting quarterly results. Among the notable losers was Kapstone (KS), which fell 25% and was downgraded to Hold from Buy at Deutsche Bank following its Q4 earnings report. Also lower were Assurant (AIZ) and Medidata (MDSO), which were down 15% and 13%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 9.17, or 0.06%, to 16,005.21, the Nasdaq was up 50.11, or 1.17%, to 4,318.87, and the S&P 500 was up 10.35, or 0.56%, to 1,862.56.
February 3, 2016
07:26 EDTFSLRDeutsche lists five reasons to like First Solar shares
Subscribe for More Information

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