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News Breaks | | | | January 16, 2013 | | 16:31 EDT |  | BA, AAPL, JPM, GS, HPQ, GNW, CROX, GDOT | On 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. | |
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News For BA;AAPL;JPM;GS;HPQ;GNW;CROX;GDOT From The Last 14 Days Check below for free stories on BA;AAPL;JPM;GS;HPQ;GNW;CROX;GDOT the last two weeks. |
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| May 23, 2013 | | 16:23 EDT | | HPQ | On The Fly: Closing Wrap
 Subscribe for More Information | | | 16:00 EDT |  | HPQ, AAPL | Options Update; May 23, 2013
Subscribe for More Information | | | 14:45 EDT |  | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
Subscribe for More Information | | | 12:38 EDT | | HPQ | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:56 EDT |  | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. | | | 11:08 EDT | | BA | Boeing reports 107 new orders in weekly update
Subscribe for More Information | | | 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
Subscribe for More Information | | | 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:59 EDT | | AAPL | Analyst: Apple won't launch computerized watch until late 2014, BGR says
Subscribe for More Information | | | 09:37 EDT | | AAPL, HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ | | | | 09:25 EDT | | AAPL | Samsung's Galaxy S4 reaches 10M channel sales
Samsung Electronics announced that global channel sales of its GALAXY S4 has surpassed 10M units sold in less than one month after its commercial debut. Launched globally on April 27 in 60 countries, the phone is estimated to be selling at a rate of four units per second. | | | 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
Subscribe for More Information | | | 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
Subscribe for More Information | | | 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
Subscribe for More Information | | | 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
Subscribe for More Information | | | 08:10 EDT | | JPM | JPMorgan compelling at current levels, says RW Baird
Subscribe for More Information | | | 07:55 EDT | | BA | Boeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated. | | | 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
Subscribe for More Information | | | 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. | | | 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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