New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:26 EDTBA, BKU, FSL, CRUS, EMC, ONVO, MDVN, YHOO, EA, T, DOW, PGNXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 6%... Electronic Arts (EA), up 2.5%... Freescale (FSL), up 13%. ALSO HIGHER: Medivation (MDVN), up 13% after Phase 3 PREVAIL trial with Astellas Pharma (ALPMY) of enzalutamide showed significant benefits in OS... Organovo (ONVO), up 16% after announcing first delivery of 3D liver tissue. DOWN AFTER EARNINGS: Boeing (BA), down 4%... Yahoo (YHOO), down 6%... AT&T (T), down 3.5%... Tupperware Brands (TUP), down 7%... Hess (HES), down 1.4%... EMC (EMC), down 1%... ALSO LOWER: Cirrus Logic (CRUS), down 7.5% after reporting Q3 earnings that beat estimates but giving a Q4 revenue outlook that widely missed expectations... Progenics Pharmaceuticals (PGNX), down 18.5% after abstract for drug trial posted... BankUnited (BKU), down 1.4% after filing to sell 8M common shares for holders.
News For BA;DOW;T;EA;YHOO;MDVN;ONVO;EMC;CRUS;FSL;BKU;PGNX 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 | all recent news | >>
October 21, 2014
13:31 EDTBABoeing invests over $1B in Everett site
Boeing announced the groundbreaking of its new 777X Composite Wing Center at the Everett, Washington campus. Permitting for the new 1M-square-foot facility was completed approximately seven weeks earlier than anticipated, allowing for an accelerated start to construction. Boeing is investing more than $1B in the Everett site for construction and outfitting of the new building. Completion of the new building, which is expected in May 2016, will require approximately 3.5M hours of work. At its peak, there will be approximately 1.2K contract employees working on the project. First delivery of the 777X is targeted for 2020.
13:27 EDTYHOOEarnings Preview: Yahoo expected to unveil turnaround plan with Q3 results
Yahoo (YHOO) is expected to report third quarter earnings after the market close on Tuesday, October 21 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for EPS of 30c on revenue of $1.04B. The consensus range is 18c-38c for EPS, and $1.02B-$1.06B for revenue, according to First Call. LAST QUARTER: Yahoo reported Q2 EPS 37c against estimates of 38c on revenue ex-tac of $1.04B against estimates of $1.08B. It reported Q2 price-per-ad was down 24%, Q2 Display revenue down 7% and Search revenue up 6%. The company gave Q3 revenue ex-tac guidance of $1.02B-$1.06B. After releasing its Q2 results, CEO Marissa Mayer said the company was "not satisfied" with the results, with display remaining an area of investment and transition. NEWS: In the past quarter, Alibaba (BABA) opened to the larges IPO in U.S. history. The Wall Street Journal reported that Yahoo's core business was cut in half to $6.8B after Alibaba's first day of trading. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B.In late September, activist investor Starboard Value urged Yahoo to explore a strategic combination with AOL (AOL), believing a merger could create synergies of up to $1B. CEO Marissa Mayer is expected to unveil her turnaround plan at the earnings call today that could include cost-cutting efforts and its M&A strategy, according to the Wall Street Journal. Yahoo also confirmed that a security breach in Q3 compromised servers, but the hack did not disclose consumer data. The company acquired several companies in past few months, including Flurry, Zofari, ClarityRay, Luminate, and Bookdpad. A WSJ reports also said the company is in talks to invest in Snapchat. STREET RESEARCH: Following the Alibaba IPO, Yahoo was downgraded at Bernstein, BofA/Merrill and RBC Capital because it was unclear whether Yahoo's stock can advance meaningfully and the company was no longer the best way to gain Alibaba exposure. RBC Capital said the risk/reward is less attractive, and it does not see a turnaround in Yahoo's core fundamentals. BGC Financial, however, upgraded the company and said the company's remaining assets should get monetized in a more tax efficient manner. PRICE ACTION: Yahoo shares have risen $4.29, or more than 12%, since the first day of trading following the company's Q2 report. In Tuesday midday trading ahead of Q3 report, Yahoo shares are trading up nearly 2%.
13:09 EDTTEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTVís proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&Tís shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrowís Q3 report, AT&Tís shares are up 0.5%.
13:08 EDTYHOOYahoo October weekly 40 straddle priced for 5.5% move into Q3
Subscribe for More Information
13:05 EDTYHOOYahoo technical notes before earnings
Subscribe for More Information
12:50 EDTYHOOGoing private among potential scenarios seen for Yahoo, Re/Code's Swisher says
Sources close to Yahoo CEO Marissa Mayer said she is determined to continue to push through her vision of the company's core business as a video-heavy, mobile-focused content company, according to Re/Code's Kara Swisher, who added that the "most intriguing possibility of all" that she has heard over the last weeks is that Yahoo could seek to dispose of its Asian assets, return a large amount of the proceeds to shareholders and work with a large private equity firm to take the company private. Shares of Yahoo, which reports on its quarterly results after the closing bell, is up 1.8% to $40 per share in afternoon trading. Reference Link
07:07 EDTONVOMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
07:02 EDTDOWDow Chemical October weekly volatility elevated into Q3 and outlook
Subscribe for More Information
06:38 EDTYHOOYahoo in talks to acquire BrightRoll, TechCrunch reports
TechCrunch has learned that Yahoo is in talks to buy cross-platform digital video advertising service BrightRoll for $700M-$725M. The company is currently facing pressure from Starboard Value to consider a breakup or a sale of the company. Reference Link
October 20, 2014
18:51 EDTCRUSOn The Fly: After Hours Movers
Subscribe for More Information
18:22 EDTCRUSSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
13:01 EDTBABoeing partners with Kenya Airways
Subscribe for More Information
09:59 EDTEMCEMC weekly volatility elevated into Q3 and outlook
EMC October weekly call option implied volatility is at 52, November is at 29, December is at 26, January is at 25; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 22.
09:52 EDTYHOOArmstrong says AOL will not merge with Yahoo, VentureBeat reports
AOL CEO Tim Armstrong said "no" when asked if his company will merge with Yahoo (YHOO), VentureBeat reports, citing a fireside chat with Armstrong at the TechCrunch Disrupt in Europe. Reference Link
08:19 EDTPGNXProgenics presents data from Phase 2 trial of 1404 PSMA imaging agent
Progenics Pharmaceuticals announced that data from a Phase 2 trial of its PSMA imaging agent candidate, 1404, have been presented at the 27th Annual European Association of Nuclear Medicine Congress being held in Gothenburg, Sweden. 1404 is a targeted small molecule designed to "visualize" prostate cancer by targeting prostate specific membrane antigen. "The Phase 2 data are quite impressive and demonstrate how SPECT/CT with 1404 may provide a more accurate assessment of the presence, location and extent of prostate cancer," said Dr. Dabasi. Gabriella Dabasi, Ph.D. presented, "1404 may provide prognostic information for both primary and metastatic disease in a single procedure, which could greatly enhance the clinical decision-making process. There is a strong rationale for continued development of this promising molecular imaging agent." In the Phase 2 trial, SPECT/CT imaging with 1404 showed 94% sensitivity in detecting and imaging cancer in the prostate gland of high-risk patients prior to prostatectomy. In addition, 1404 was more sensitive than MRI in detecting primary prostate cancer and was a good predictor of lymph node involvement at prostatectomy. SPECT/CT imaging with 1404 identified 14 more patients with suspicious lymph node sites than MRI. Uptake of 1404 in the lobes of the prostate gland showed a highly significant correlation with Gleason score. The data also showed uptake of 1404 in the primary tumor was significantly lower in treated patient, corresponding to a decrease in PSA over time observed in these treated patients.
07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
Subscribe for More Information
07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
Subscribe for More Information
06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
Subscribe for More Information
06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
Subscribe for More Information
06:10 EDTBALufthansa publishes timetable in response to VC planned strike
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 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