New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
10:00 EDTSEIC, PRU, UAL, STBA, OSK, YRCW, TWTR, RRTS, INVN, WIN, ICPT, IBTX, FSL, FNGN, CHRW, FNFV, DSX, RESI, AUOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Buy from Sell at Citigroup... Altisource Residential (RESI) upgraded to Outperform at Keefe Bruyette... C.H. Robinson (CHRW) upgraded to Neutral from Underperform at BofA/Merrill... Diana Shipping (DSX) upgraded to Buy from Hold at Stifel... Fidelity National Financial Ventures (FNFV) upgraded to Overweight from Equal Weight at Stephens... Financial Engines (FNGN) upgraded to Market Perform from Underperform at Raymond James... Freescale (FSL) upgraded to Equal Weight from Underweight at Morgan Stanley... Independent Bank (IBTX) upgraded to Outperform from Neutral at Macquarie... Intercept (ICPT) upgraded at Nomura... Internap (INAP) upgraded to Outperform from Market Perform at Cowen... InvenSense (INVN) upgraded to Buy from Hold at Ascendiant... Oshkosh (OSK) upgraded to Outperform from Neutral at RW Baird... Prudential (PRU) upgraded to Buy from Hold at Canaccord... Roadrunner (RRTS) upgraded to Outperform from Market Perform at Raymond James... S&T Bancorp (STBA) upgraded to Neutral from Sell at Guggenheim... SEI Investments (SEIC) upgraded at Oppenheimer... Twitter (TWTR) upgraded to Neutral from Sell at UBS... United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan... Windstream (WIN) upgraded to Buy from Neutral at DA Davidson... YRC Worldwide (YRCW) upgraded to Market Perform from Underperform at Raymond James.
News For AUO;RESI;CHRW;DSX;FNFV;FNGN;FSL;IBTX;ICPT;INVN;OSK;PRU;RRTS;STBA;SEIC;TWTR;UAL;WIN;YRCW 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 | all recent news | >>
July 23, 2015
08:19 EDTDSXDiana Shipping announces time charter contract for m/v Clio
Subscribe for More Information
07:50 EDTTWTRBrean Capital cuts Twitter target to $47 on near-term risks
Subscribe for More Information
07:34 EDTUALUnited Continental announces additional $3B share repurchase program
Jeff Smisek, UAL's chairman, president and CEO, said, "The $3B share repurchase program we announced today demonstrates the confidence we have in our future. We will continue to invest in our customers, assets and our people, and remain committed to improving our balance sheet, expanding our margins and improving our return on invested capital, and expect our third quarter pre-tax margin to be between 13.5%-15.5%, excluding special items." The company expects to complete the additional $3B share repurchase program by the end of 2017.
07:32 EDTUALUnited Continental reports Q2 EPS ex-items $3.31, consensus $3.31
Subscribe for More Information
July 22, 2015
15:26 EDTUALNotable companies reporting before tomorrow's open
Subscribe for More Information
10:01 EDTSTBAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:33 EDTSEICSEI Investments reports Q2 EPS 51c, consensus 51c
Subscribe for More Information
07:41 EDTTWTRTwitter blocked by Turkey following recent terror attack, AP reports
Subscribe for More Information
06:12 EDTTWTRHerbalife requests user information from Twitter, Reuters reports
Herbalife (HLF) has filed a petition seeking information from Twitter (TWTR) to find an anonymous user who posted defamatory tweets against Herbalife, Reuters reports. Herbalife wants Twitter to provide IP addresses as well as account details of the user so that the company can pursue legal action, the report says. Reference Link
06:11 EDTSTBAS&T Bancorp downgraded to Neutral from Overweight at Piper Jaffray
Subscribe for More Information
July 21, 2015
07:33 EDTSTBAS&T Bancorp reports Q2 EPS 52c, consensus 48c
Subscribe for More Information
July 20, 2015
13:27 EDTUALUnited Continental 'congratulates' U.S., Cuba on reopening of emabssies
Subscribe for More Information
06:06 EDTTWTRStocks with implied volatility above IV index mean; XOMA TWTR
Subscribe for More Information
July 17, 2015
16:41 EDTTWTRStocks end week higher as Google, Greece bring out the buyers
Stocks ended the week higher and the major averages are back at record highs after Iran agreed to a nuclear deal, Greece's parliament paved the way for the country to receive another bailout by agreeing to new austerity measures and Google (GOOG) gave investors hope that earnings from tech's other heavyweights will be similarly better than expected. MACRO NEWS: In the U.S., retail sales unexpectedly fell 0.3% in June, versus the consensus forecast for growth of 0.3%. The producer prices index showed prices rose 0.4% in June, versus expectations for an increase of 0.2%. The consumer price index rose a seasonally adjusted 0.3% in June from a month earlier, matching the consensus forecast. Compared with last year, consumer prices rose 0.1%, marking the first annual increase since December. Housing starts rose 9.8% to a 1.17M rate in June and building permits rose 7.4% to a 1.34M pace, both of which topped expectations. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The University of Michigan's consumer sentiment reading dropped to 93.3 in the preliminary July figure, which was below the 96.0 reading that was expected. During testimony before Congress, Federal Reserve Chair Janet Yellen stayed on message, stating that the central bank is on track to raise record-low interest rates this year, so long as the labor market and the economy keep improving... In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. The nation's GDP was reported to have grown 7% in the second quarter from a year earlier, beating the consensus expectation for growth of 6.8%... In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers reportedly agreed in principle to extend a bridge loan to Greece. The loan should help keep Greece afloat while its Prime Minister negotiates the details of the country's latest bailout... Iran reached a deal on restrictions and inspections intended to prevent it from developing nuclear weapons in exchange for the lifting of economic sanctions by six world powers. The agreement still faces a political fight in the U.S. before taking effect, but President Barack Obama has vowed to veto any congressional effort to block its implementation. COMPANY NEWS: Class A shares of Google (GOOG, GOOGL) surged at the end of the week after the search giant reported better than expected revenues and earnings in the second quarter. Research firms all over Wall Street raised their price targets on the stock in the wake of the report... Netflix (NFLX) rallied to a split-adjusted all-time high after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... Many of the nation's largest banks reported on their results in the second quarter this week. JPMorgan (JPM), Bank of America (BAC) and Citigroup (C) all posted quarterly profits, excluding certain items, that beat the average estimates of analysts. Wells Fargo (WFC) reported earnings in-line with consensus estimates and revenue somewhat below expectations, while Goldman Sachs (GS) reported headline earnings that appeared to fall far short of the consensus forecast. However, that was due to Goldman's nearly $1.5B in provisions for litigation and regulatory matters. Excluding those provisions, the bank's earnings were ahead of consensus... On the M&A front, Receptos (RCPT) advanced after Celgene (CELG) announced a deal to buy the smaller drugmaker for $232 per share in cash, or a total of about $7.2B net of cash acquired. A number of research firms applauded the deal, especially noting the price Celgene agreed to pay, but cautioned that a rival bidder may still emerge for Receptos. Marathon Petroleum (MPC) gained after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a cash and stock deal that implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B. Micron (MU) rose after The Wall Street Journal reported that China's state-owned Tsinghua Unigroup had offered to acquire the memory chip maker for $23B, or $21 per share... Shares of Twitter (TWTR) spiked Tuesday morning after a questionable takeover report was published on a website that mimicked, but had a different web address, than Bloomberg News. A Bloomberg spokesman said soon afterward that the Twitter takeover story being attributed to the news service was a fake, while a Twitter spokesperson also denied the report of an alleged deal... Macy's (M) jumped after Starboard CEO Jeffrey Smith called the stock his "best idea" for 2015, adding that the shares could be worth $125 each if the company takes steps to maximize the value of its real estate holdings. Amazon (AMZN) announced it sold more units on its first "Prime Day" than the biggest Black Friday ever and had more new members try its Prime service worldwide than any single day in company history. The e-commerce giant noted that its worldwide order growth increased 266% over the same day last year and 18% more than Black Friday 2014, adding that it will "definitely be" doing another Prime Day in the future. A number of semiconductor equipment stocks, including Applied Materials (AMAT) and Lam Research (LRCX), dropped after Intel (INTC) cut its capital expenditures guidance while reporting on its quarterly results. INDEXES: For the week, the Dow gained about 1.05% to close at 18,086.45, the Nasdaq advanced about 3.37% to close at 5,210.14, and the S&P 500 rose about 1.67% to close at 2,126.64.
12:49 EDTUALUnited Continental sees FY domestic capacity flat to up 1%
On July 17, John Rainey, the EVP and CFO of United Continental Holdings appeared on CNBC for an interview. In response to a question regarding capacity, Rainey provided updated full-year domestic capacity guidance of flat to up 1%. This updated guidance includes actual ASMs for the first half of 2015, as previously disclosed in the press release issued by the company on July 9.
12:12 EDTTWTRStocks with call strike movement; TWTR MU
Subscribe for More Information
July 16, 2015
13:38 EDTTWTRTwitter's head of communications Stricker to leave company, Re/code reports
Subscribe for More Information
11:20 EDTTWTRTwitter's TweetDeck says 'working on a fix' for issues
Subscribe for More Information
08:54 EDTPRUBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
06:49 EDTUALUnited gives hackers millions of miles for finding risks, Reuters reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 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