New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2014
06:02 EDTAKAM, BBYStocks with implied volatility below IV index mean; BBY AKAM
Stocks with implied volatility below IV index mean; Best Buy (BBY) 56, Akamai (AKAM) 28 according to iVolatility.
News For BBY;AKAM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
06:52 EDTAKAMAkamai reports DDoS attack traffic up 57% year-over-year
Akamai Technologies announced the availability of the Q4 State of the Internet Security Report. "An incredible number of DDoS attacks occurred in the fourth quarter, almost double what we observed in Q4 a year ago," said John Summers, vice president, Cloud Security Business Unit, Akamai. "Denial of service is a common and active threat to a wide range of enterprises. The DDoS attack traffic was not limited to a single industry, such as online entertainment that made headlines in December. Instead, attacks were spread among a wide variety of industries." Akamai also observed a 52% increase in average peak bandwidth of DDoS attacks compared to Q4 a year ago. Large packets of unwanted network traffic can quickly sap an enterprise's ability to respond to legitimate customers, resulting in denial of service outages. Most unprotected sites cannot withstand a typical DDoS attack. As a result, DDoS attacks have become part of the common cybersecurity threatscape that all enterprises with an online presence must anticipate in a risk assessment. Resourceful DDoS-for-hire booter suites took a low-investment approach by tapping into reflection-based DDoS attacks. Nearly 40% of all DDoS attacks used reflection techniques, which rely on Internet protocols that respond with more traffic than they receive and do not require an attacker to gain control over the server or device. Widespread availability of for-hire DDoS services allowed low-level, non-technical attackers to purchase ready-to-use DDoS services. The expansion of the DDoS-for-hire market also promoted the use of multi-vector campaigns, as the competitive market drove attack innovation. Significantly more multi-vector attacks were observed 88% more than in 4Q13. More than 44% of all attacks used multiple attack vectors.
January 22, 2015
10:35 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
January 21, 2015
12:12 EDTBBYBest Buy, home retailers seen getting biggest bump from Sears demise
Subscribe for More Information
10:47 EDTBBYOptions with decreasing implied volatility
Subscribe for More Information
January 20, 2015
10:20 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
January 16, 2015
10:15 EDTBBYOptions with decreasing implied volatility: BBY ETE CBST
Subscribe for More Information
08:13 EDTBBYBest Buy shares attractive after pullback, says RBC Capital
After Best Buy provided guidance for flat to down comps and EBIT contraction for the first half of fiscal 2016, RBC Capital remains upbeat on the stock due to the company's market share gains and what the firm sees as improving product cycles. RBC Capital trimmed its price target on the stock to $42 from $45 but keeps an Outperform rating.
January 15, 2015
16:20 EDTBBYOn The Fly: Closing Wrap
Stocks on Wall Street had a see-saw trading day, with every attempt at getting the averages into positive territory being met with more selling. The market spent most of the day in negative territory, however, as the latest bank earnings reports failed to impress investors, the price of oil renewed its downtrend, and the Swiss National bank withdrew its floor support on the Swiss franc. ECONOMIC EVENTS: Internationally, Switzerland's central bank unexpectedly gave up its minimum exchange rate, sending the Swiss franc soaring against the dollar and euro and triggering wild swings in its equity markets. In the U.S., initial jobless claims rose 19K to 316K in the week ended January 10, versus expectations for 298K first-time claims. The producer price index fell 0.3% in December, versus expectations for a decrease of 0.4%. The core PPI rate rose 0.3% in the month, versus expectations for it to be up 0.1%. The Empire State index rebounded to 9.95 in January, beating expectations for a 5.0 reading for the measure of manufacturing activity in the New York area. The Philly Fed index fell 18.0 points to 6.3 in January, which was worse than the projected pullback to a reading of 18.7. WTI crude oil, the U.S. benchmark, reversed its early gains to end the trading session down 4.6% at $46.25 per barrel. COMPANY NEWS: Shares of Target (TGT) advanced $1.34, or 1.8%, to $75.67 after the retailer announced plans to stop operating stores in Canada. Target expects this decision will increase its earnings in fiscal 2015 and beyond, and increase its cash flow in fiscal 2016 and beyond. The company also raised its forecasts for Q4 U.S. comparable sales growth and adjusted earnings per share, mostly due to increased traffic and stronger-than-expected digital sales... Bank of America (BAC) slid 84c, or 5.24%, to $15.20 after reporting its fourth quarter results, while Citigroup (C), which also issued its Q4 report, dropped $1.82, or 3.71%, to $47.23. MAJOR MOVERS: Among the notable gainers was Cliffs Natural Resources (CLF), which rose 93c, or 11.94%, to $8.72 amid strength in the basic materials sector. Also benefitting the stock may have been a Bloomberg report that said an adviser to Quebec's investment arm stated that Cliffs' closed down Bloom Lake mine has attracted interest from several potential buyers. Also higher were shares of Kraft Foods (KRFT), which climbed $2.92, or 4.66%, to $65.68 after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. Also of note, the Consumer Analyst Group of New York confirmed to Bloomberg that the food and beverage manufacturer canceled its upcoming conference appearance. Among the noteworthy losers was Best Buy (BBY), which dropped $5.61, or 14.06%, to $34.30 after reporting holiday growth that was lower than previous quarters, citing factors including weakness in tablets, and guiding toward comparable sales in the first half of FY16, excluding certain items, to be flat to down by a low-single digit percentage. Also lower were shares of BlackBerry (BBRY), which declined $2.49, or 19.77%, to $10.10 after the company said last night that it is not in talks with Samsung (SSNLF) about a potential merger, rebutting a Reuters report. INDEXES: The Dow fell 106.38, or 0.61%, to 17,320.71, the Nasdaq dropped 68.50, or 1.48%, to 4,570.82, and the S&P 500 declined 18.60, or 0.92%, to 1,992.67.
14:51 EDTBBYFollow-up: Best Buy guidance likely conservative, says BofA/Merrill
Subscribe for More Information
14:28 EDTBBYBest Buy guidance likely conservative, says BofA/Merrill
Subscribe for More Information
12:26 EDTBBYOn The Fly: Midday Wrap
Subscribe for More Information
10:19 EDTBBYOptions with decreasing implied volatility
Subscribe for More Information
09:44 EDTBBYBest Buy tumbles on outlook, levels to watch
Subscribe for More Information
09:15 EDTBBYOn The Fly: Pre-market Movers
Subscribe for More Information
07:07 EDTBBYBest Buy sees y/y pressure on operating income rate as early as 1Q16
Subscribe for More Information
07:05 EDTBBYBest Buy sees impact of external pressures continuing in FY16
The company says, "We do expect the impact of the external pressures he laid out to continue throughout FY16 and the impact of the incremental investments to begin in the first quarter. Additionally, we believe that the positive Domestic sales trends that we saw in mobile phones and home theater during the holiday period, in addition to the share gains we saw across other NPD-reported Consumer Electronics categories, were partially driven by the excitement around high-profile products and will not likely continue at holiday levels. As such, while we are excited about these investments and confident in our ability to execute against them, we are also appropriately cautious about the pressures. Therefore, we are currently expecting enterprise comparable sales in the first half of FY16, excluding the estimated impact of installment billing, to be flat to negative low-single digits and the non-GAAP operating income rate to be down approximately 30 to 50 basis points reflecting a more modest sales environment and the impact of our incremental investments and SG&A inflation. We will more deeply discuss our growth initiatives, investments and external pressures in our fourth quarter earnings call in March after we have completed our FY16 operating plans.
07:05 EDTBBYBest Buy says increases Q4 outlook ex-Five Star business
Subscribe for More Information
07:04 EDTBBYBest Buy CEO says holiday period growth rate lower than previous quarters
Subscribe for More Information
07:03 EDTBBYBest Buy reports holiday period domestic revenue $10.13B, up 4.1% from last year
Subscribe for More Information
07:01 EDTBBYBest Buy reports holiday domestic SSS up 2.6%
Subscribe for More Information

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