New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 16, 2014
12:47 EDTBAC, AEM, CSX, ADTN, SBUX, DPS, PEP, ZGNX, SODA, YHOO, AUYOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
News For BAC;YHOO;SODA;ZGNX;PEP;DPS;SBUX;ADTN;CSX;AEM;AUY From The Last 14 Days
Check below for free stories on BAC;YHOO;SODA;ZGNX;PEP;DPS;SBUX;ADTN;CSX;AEM;AUY the last two weeks.
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 | all recent news | >>
July 15, 2014
16:14 EDTYHOOYahoo reports Q2 Display revenue down 7% to $394M
Subscribe for More Information
16:12 EDTYHOOYahoo rallies 3% to $36.59 following Q2 results
16:11 EDTYHOOYahoo sees Q3 revenue ex-tac $1.02B-$1.06B, consensus $1.10B
Subscribe for More Information
16:10 EDTYHOOYahoo reports Q2 Price-per-Ad down 24% vs. last year
Subscribe for More Information
16:08 EDTYHOOYahoo CEO says 'not satisfied' with Q2 results
Subscribe for More Information
16:07 EDTCSXCSX backs expectation for modest full-year earnings growth in FY14
Subscribe for More Information
16:05 EDTYHOOYahoo reports Q2 EPS 37c, consensus 38c
Reports Q2 revenue ex-tac $1.04B, consensus $1.08B.
16:03 EDTCSXCSX reports Q2 EPS 53c, consensus 52c
Subscribe for More Information
15:29 EDTBACBank of America July 15.5 straddle priced for 3.1% move into Q2
15:27 EDTCSX, YHOONotable companies reporting after market close
Subscribe for More Information
15:19 EDTBACNotable companies reporting before tomorrow's open
Subscribe for More Information
14:32 EDTBACEarnings Preview: Bank of America to report after peers beat expectations
Subscribe for More Information
13:06 EDTYHOOEarnings Preview: Yahoo shares trading flat ahead of Q2 earnings report
Subscribe for More Information
12:10 EDTBACBank of America technical comments ahead of earnings
Subscribe for More Information
10:12 EDTBACBank of America reports June default rate 3.24% vs. 3.75% last month
Subscribe for More Information
10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:32 EDTYHOOYahoo July 35.5 straddle priced for 4.5% move into Q2
Subscribe for More Information
07:23 EDTSBUXFortune to hold a conference
Subscribe for More Information
07:15 EDTPEPIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:41 EDTYHOOYahoo, Live Nation concert program to launch tonight, NY Times says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 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