New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
12:25 EDTBA, JPM, GS, AAPL, CBK, GNW, CMG, CROXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with new worries for Boeing (BA) weighing on its shares and in turn the Dow. The earnings season began in earnest today with some of the country’s largest financial institutions reporting fourth quarter results, including JPMorgan (JPM), Goldman Sachs (GS) and U.S. Bancorp (USB). Still to come this week are Bank of America (BAC) and Citigroup (C), set to report tomorrow, and Morgan Stanley (MS), scheduled to release results 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 slid over 3% and dragged on the Dow Jones Industrial Average 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... JPMorgan (JPM) reported earnings that beat expectations, but shares moved up only fractionally. The company notably also released its report on the "London Whale" losses at its CIO unit and cut CEO Jamie Dimon's compensation following that scandal. Another major financial company, Goldman Sachs (GS), beat expectations more resoundingly and shares rose more dramatically, up about 3% near noon... MAJOR MOVERS: Among the notable gainers were Genworth Financial (GNW), up 9% after announcing changes to its mortgage insurance unit, and Christopher & Banks (CBK), up nearly 14% after raising its Q4 same-store sales view. Also higher were shares of Apple (AAPL), which rose 3.6% to retake the $500 level despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. Among the noteworthy losers were Crocs (CROX), down over 7% after saying it expects quarterly revenue to be in-line with its previous guidance, and Chipotle Mexican Grill (CMG), down nearly 6% after guiding to Q4 earnings below consensus due to higher food costs... INDICES: Near noon, the Dow was down 23.65, or 0.17%, to 13,511.24; the Nasdaq was up 6.75, or 0.22%, to 3,117.53; and the S&P 500 was down 0.68, or 0.05%, to 1,471.66.
News For BA;JPM;GS;AAPL;CBK;GNW;CMG;CROX 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 | all recent news | >>
October 7, 2014
10:29 EDTAAPLGT Advanced lists Apple, Airgas, GrafTech, Ultra Clean among top 30 creditors
Subscribe for More Information
10:17 EDTAAPLSamsung outlook miss weighs on suppliers
Subscribe for More Information
09:36 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:17 EDTGS, JPMSecurities Industry & Financial Markets Association to hold a conference
Subscribe for More Information
09:14 EDTCBKOn The Fly: Pre-market Movers
Subscribe for More Information
08:46 EDTAAPLFireEye announces targeted attack protection for Apple platform
Subscribe for More Information
08:15 EDTAAPLApple leaks point to iPad Air 2 with Touch ID, gold color, Michael Report says
Subscribe for More Information
08:08 EDTCBKChristopher & Banks says Q3 sales negatively impacted by mall traffic softness
In regards to its Q3 outlook, the company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show, as the demand for fashion merchandise exceeded planned inventory levels, as well as due to late receipts associated with the West Coast port disruptions.
08:06 EDTCBKChristopher & Banks lowers Q3 revenue view to $114M- $118M
Subscribe for More Information
08:05 EDTCBKChristopher & Banks lowers Q3 revenue view to $114M- $118M
Subscribe for More Information
08:01 EDTBABoeing says cannot plan for 'armageddon' of Ex-Im bank closure, Bloomberg says
Subscribe for More Information
07:29 EDTJPMJPMorgan Chase volatility increases into Q3 and guidance
Subscribe for More Information
07:28 EDTJPM, GSWells Fargo ups price target ranges for capital markets banks
Subscribe for More Information
06:51 EDTGS, JPMJustice Department set to attack more large banks by year end, NY Times says
Subscribe for More Information
06:49 EDTJPMBNP seeks assistance from banks as ban approaches, Reuters says
Subscribe for More Information
06:14 EDTAAPLSamsung may find difficulty competing with TSMC for Apple chips, DigiTimes says
Subscribe for More Information
06:11 EDTAAPLApple adjusts supply ratio for iPhone 6 and iPhone 6 Plus, DigiTimes reports
Subscribe for More Information
06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
Subscribe for More Information
06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
Subscribe for More Information
05:29 EDTBABoeing forecasts world air cargo traffic to double in next 20 years
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 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