New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
16:31 EDTBA, AAPL, JPM, GS, HPQ, GNW, CROX, GDOTOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with a strong performance from Nasdaq bellwether Apple (AAPL) leading the average to the days biggest gains, while Boeing (BA) shares weighed on the Dow. JPMorgan (JPM) and Goldman Sachs (GS) began this week's torrent of earnings from the financial sector, with Bank of America (BAC) and Citigroup (C) slated to report tomorrow morning and Morgan Stanley (MS) continuing the march on Friday... ECONOMIC EVENTS: In the U.S., MBA's mortgage applications composite index rose 15.2% for the week. The Consumer Price Index for December was flat, as expected. Industrial production increased 0.3% in December, versus expectations for a rise of 0.2%. That boosted capacity utilization to 78.8% from an upwardly revised 78.7% figure for the prior month. The NAHB's Housing Market Index came in at 47, versus the expected reading of 48. Crude oil inventories drew down by more than expected in the DOE's weekly update. Also, the World Bank lowered it forecast for global GDP growth in 2013 to 2.4% from its prior call for 3% growth... COMPANY NEWS: Boeing shares lost $2.60, or 3.38%, to $74.34 after two Japanese airlines grounded their fleet of 787s. This move was prompted by yesterday's emergency landing of a 787 Dreamliner operated by Japan's All Nippon Airways, which was the latest in a recent string of problems with the new plane... Hewlett-Packard (HPQ) gained 68c, or 4.11%, to $17.21 following afternoon Dow Jones headlines that said the company has received interest for its Autonomy and EDS units. After the report, both CNBC's David Faber and AllThingsD said HP has no plans to sell Autonomy or any other core assets... Before the market opened this morning, financial giants JPMorgan and Goldman Sachs reported earnings, with both banks beating the Street's EPS estimates. JPMorgan also released a report outlining the problems behind last year's "London Whale" losses in its CIO unit and CEO Jamie Dimon's compensation was cut by over 50% by the board. Shares of JPMorgan opened lower, but finished the session up 47c, or 1.01%, to $46.82. Shares of Goldman Sachs added $5.50, or 4.06%, to $141.09 on the day... MAJOR MOVERS: Among the notable gainers was Apple, which rose $20.17, or 4.15%, to $506.09 despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. Also higher were shares of Genworth Financial (GNW), up 72c, or 8.86%, to $8.85 after announcing changes to its mortgage insurance unit. Among the noteworthy losers was Crocs (CROX), down $1.52, or 9.68%, to $14.19 after saying it expects quarterly revenue to be in-line with its previous guidance but calling the holiday season environment "difficult." Also lower were shares of Green Dot (GDOT), which fell $1.16, or 8.08%, to $13.20 after announcing a mobile bank account service called GoBank while shares were downgraded to Reduce with a $10 price target at SunTrust... INDICES: The Dow was down 23.66, or 0.17%, to 13,511.23; the Nasdaq was up 6.76, or 0.22%, to 3,117.54; and the S&P 500 was up 0.29, or 0.02%, to 1,472.63.
News For BA;AAPL;JPM;GS;HPQ;GNW;CROX;GDOT 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 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | all recent news | >>
October 6, 2014
07:02 EDTHPQHP up 7.8% after announcing separation transaction
Subscribe for More Information
06:58 EDTHPQHP now sees FY15 revenue growth approx. flat y/y in constant currency
Subscribe for More Information
06:57 EDTBAData shows Airbus falling behind Boeing on jet sales, Reuters says
Company data from Airbus (EADSY) showed that the firm sold 76 planes last month, but ended the first nine months of 2014 behind Boeing (BA) regarding the amount of aircrafts delivered and sold, according to Reuters, citing the data. The French plane manufacturer has delivered 443 planes so far this year while Boeing has delivered 528. Reference Link
06:53 EDTHPQHP split is smart move, says Cantor
Subscribe for More Information
06:47 EDTHPQHP sees FY15 free cash flow $6.5B-$7B
Subscribe for More Information
06:46 EDTHPQHP reports 36K employees left as of Q3 as part of restructuring program
Subscribe for More Information
06:42 EDTHPQHP's former Chairman Ralph Whitwork comments on separation
Ralph Whitworth, founder of Relational Investors and former Chairman of HPs board issued the following statement: HP's board and management have made a brilliant value-enhancing move at the perfect time in the turnaround. Today's announcement sets out bold, logical and highly compelling steps that will align the company's assets within more strategically and operationally focused corporate structures. Shareholders will now be able to invest in the respective asset groups without the fear of cross-subsidies and inefficiencies that invariably plague large business conglomerates. At the same time, management can better design strategic plans, incentives and market initiatives to suit the varying growth rates, capital intensity, and market objectives of these more focused and nimble companies. The new companies will be better positioned to address today's light-speed market dynamics and customer needs, and with distinct and compelling financial profiles and strong leadership teams, accelerate growth and shareholder value creation.
06:39 EDTHPQHP intends separation to be tax-free to holders
Subscribe for More Information
06:38 EDTHPQSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:35 EDTHPQHP sees FY15 EPS $3.83-$4.03, consensus $3.95
Subscribe for More Information
06:34 EDTHPQHP backs FY14 EPS view of $3.70-$3.74, consensus $3.73
06:33 EDTHPQHP confirms separation into two companies
HP announced plans to separate into two new publicly traded Fortune 50 companies: one comprising HP's market-leading enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's market-leading personal systems and printing businesses, which will do business as HP Inc. and retain the current logo. Immediately following the transaction, which is expected to be completed by the end of fiscal 2015, HP shareholders will own shares of both Hewlett-Packard Enterprise and HP Inc. The transaction is intended to be tax-free to HP's shareholders for federal income tax purposes. Hewlett-Packard Enterprise will build upon HP's leading position in servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform. Meg Whitman to be president and CEO of Hewlett-Packard Enterprise; Pat Russo to be chairman of the Hewlett-Packard Enterprise board. Dion Weisler to be president and CEO of HP Inc.; Meg Whitman to be chairman of the HP Inc. board.
06:31 EDTHPQHP confirms separation into two companies
Subscribe for More Information
06:27 EDTBAAlaska Air purchases 10 additional Boeing 737-900ER aircraft
Subscribe for More Information
06:27 EDTJPM, GSJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
06:26 EDTHPQHP October volatility elevated, plans to separate into two companies, reports
HP October option implied volatility is at 35, November is at 27, December is at 28; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into reports of plans to separate into two companies.
06:25 EDTAAPLiPhone 6 chip orders to remain high in 1Q15, DigiTimes reports
Subscribe for More Information
06:19 EDTHPQHP facing competition from Lenovo in PCs, servers, WSJ reports
Subscribe for More Information
06:12 EDTHPQHP breakup could drive 40%-90% upside, says Citigroup
Subscribe for More Information
05:29 EDTHPQHP split to be viewed positively by shareholders, says Deutsche Bank
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 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