New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:47 EDTEBAY, T, MSFT, KKR, CMCSA, DB, F, JPM, MRVL, CHTR, C, FOXA, ERIC, BAC, TWCOn the Fly: Periodicals Wrap
WSJ: Regulatory officials probe Citigroup (C), Deutsche Bank over forex...eBay (EBAY) said to plan brand marketplace...REUTERS: Charter (CHTR), Comcast (CMCSA) renew talks on Time Warner Cable (TWC) bid...Marvell (MRVL) Technology said not in buyout talks with KKR (KKR)...Korea Investment Corp. may sell $1B Bank of America (BAC) stake...Some top Time Warner Cable (TWC) investors support higher Charter (CHTR) bid...Fed gives JPMorgan (JPM) deadline to sell Henry Bath warehouse...BLOOMBERG: Microsoft (MSFT) CEO search includes Ericsson's (ERIC) Vestberg...OTHER NEWS: Ford's (F) aluminum efforts unsettles steelmakers, FT reports...Microsoft's (MSFT) corporate email breached by Syrian hackers, Re/code reports...AT&T (T) cuts advertising ties with 'American Idol' (FOXA), Variety reports.
News For C;DB;EBAY;CHTR;CMCSA;TWC;MRVL;KKR;BAC;JPM;MSFT;ERIC;F;T;FOXA 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 | all recent news | >>
March 12, 2015
12:35 EDTCHTR, TWC, CMCSACharter in talks to buy Bright House Networks, Bloomberg reports
Subscribe for More Information
12:29 EDTBAC, MSFT, COn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday. A slight bounce in the euro overnight lifted overseas markets and U.S. stocks followed. Stock futures were higher during early pre-market trading, then strengthened further following the report of lower than expected retail sales figures for last month, which gave investors hope the Fed will wait longer to raise interest rates. ECONOMIC EVENTS: In the U.S., headline retail sales fell 0.6% in February compared to the prior month, missing expectations for an increase of 0.3%. Retail sales excluding autos and gas declined 0.2%, versus the consensus estimate for a month-over-month increase of 0.3%. Initial jobless claims fell to 289K in the week ended March 7, versus the consensus forecast for 305K first-time claims. Business inventories were flat in January, versus the consensus forecast for them to grow 0.1%. In Asia, the Bank of Korea cut rates for the third time since last August, lowering its base rate to the historical low level of 1.75%. The decision came as a surprise, more in terms of the timing than the cut itself. Data from China showed the nationís M2 money supply growth picked up in February and its banksí new loan creation came in higher than expected as well. COMPANY NEWS: Shares of Intel (INTC) fell 4% after the chip-making giant lowered its Q1 revenue outlook to $12.8B, plus or minus $300M, compared to the previous expectation of $13.7B, plus or minus $500M, citing weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Some other stocks levered to PCs also slid, with Microsoft (MSFT) declining 2% and Advanced Micro Devices (AMD) sliding 3.5%. Hewlett-Packard (HPQ) shares were up fractionally, despite Intel's news and the fact that Barclays downgraded HP's stock this morning to Equal Weight, saying the weak euro could impact demand for PCs and printers... Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC), after the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime. MAJOR MOVERS: Among the notable gainers was Amarin (AMRN), which jumped 27% after H.C. Wainwright upgraded the stock to Buy and raised its price target for shares to $10 from $2.50, citing management's commitment to completing the Vascepa outcomes' study REDUCE-IT. Also higher was Lumber Liquidators (LL), which rose 12.5% after the company held a call to update on the impact that 60 Minutes' recent critical report has had on its business. As part of the call, the flooring retailer reported on its recent sales trends, gave Q1 guidance and said it believes its cash flow from operations and existing liquidity sources will be sufficient to fund operations and anticipated capital expenditures for the "foreseeable future." Among the noteworthy losers was ACADIA (ACAD), which dropped 25% after announcing that it will delay submitting its NUPLAZID NDA for the treatment of Parkinsonís disease psychosis by two or three quarters and reporting that its CEO has retired. Also lower following their first earnings reports since coming public was Box, Inc. (BOX), which dropped 15%. INDEXES: Near midday, the Dow was up 183.31, or 1.04%, to 17,818.70, the Nasdaq was up 26.68, or 0.55%, to 4,876.62, and the S&P 500 was up 18.56, or 0.91%, to 2,058.80.
12:25 EDTCHTRCharter in talks to buy Bright House Networks, Bloomberg reports
Subscribe for More Information
12:22 EDTTAT&T management to meet with Jefferies
Group dinner to be held in New York on March 19 hosted by Jefferies.
12:01 EDTTAT&T issues statement on release of FCC's net neutrality order
Subscribe for More Information
11:12 EDTT, TWCOptions with increasing implied volatility
Subscribe for More Information
11:04 EDTMRVLIntel cut on PC weakness a slight negative for Micron, Marvell, says Ladenburg
Subscribe for More Information
10:46 EDTBAC, CCiti, American Express, Regions Financial seen as CCAR winners
Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC) after the CCAR results were announced. WHAT'S NEW: Citi and Regions Financial were the biggest winners of the CCAR process, Deutsche Bank analyst Matt O' Connor wrote. Noting that Citi won approval to pay a quarterly dividend of 5c per share and buy back $7.8B of its shares, the analyst wrote that the figures were in-line with expectations or better than expected. Many investors probably were relieved by the news, the analyst stated. Addressing Regions Financial, O'Connor wrote that the bank's $875M share buyback plan was much higher than the $625M that Deutsche Bank had expected. The analyst had a mixed take on Bank of America. After the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime, the analyst wrote that the news was slightly disappointing. However, since some had worried that the Fed would reduce Bank of America's capital ratios when it exits parallel run, the news was positive overall for the bank, O'Connor wrote. Also upbeat on Citi and Regions was BMO Capital analyst Lana Chan, who predicted that Citi's stock should "re-rate" on the news and kept a $63 price target and Outperform rating on the shares. Regions Financial's buyback was 85% above Chan's forecast, she reported. The large size of the buyback indicates that the company believes its stock is undervalued, the analyst added. Bank of America "seems to have just squeaked by with a conditional pass," and its $4B share buyback plan "is more than a token," wrote Oppenheimer analyst Chris Kotowski . The analyst continued to recommend Bank of America's stock. American Express (AXP) was the "standout of the CCAR process," as it received permission for a total payout of over 100% to shareholders in 2015, Kotowski stated. The analyst, however, kept a Perform rating on AmEx shares. PRICE ACTION: In mid-morning trading, Citi jumped 3.2% to $54, Regions rallied 3.3% to $9.85, American Express added 1.5% to $80.62, and Bank of America slid 0.6% to $16.
10:29 EDTTAT&T says FCC net neutrality ruling begins 'period of uncertainty'
Subscribe for More Information
09:36 EDTFOXA, CMCSANielsen survey shows 36% Netflix household penetration
Subscribe for More Information
09:35 EDTC, MRVL, MSFTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
09:04 EDTMSFTMicrosoft drops after Intel cuts Q1 revenue outlook on PC weakness
Subscribe for More Information
08:50 EDTCCiti shares to re-rate after capital return approved, says BMO Capital
BMO Capital predicts that Citi's shares will "re-rate" after the Fed approved the bank's 5c per share dividend and $7.8B share buyback initiative. The firm keeps a $63 price target and Outperform rating on the stock.
07:51 EDTMSFTAlibaba hiring for cloud computing in Seattle, Silicon Valley, Reuters says
Alibaba (BABA) has begun hiring cloud computing professionals in Seattle and Silicon Valley, reports Reuters, citing postings on LinkedIn. Reuters notes that recruiters in the region suggested Alibaba is "eyeing staff," particularly developers, at Amazon (AMZN), Microsoft (MSFT), and Facebook (FB). According to LinkedIn data, Alibaba has already hired 20 former Microsoft employees. Reference Link
07:44 EDTC, BACDeutsche calls Citi, Regions biggest stress test winners
Deutsche Bank views Citi (C) and Regions Financial (RF) as the biggest winners coming out of the Federal Reserve's stress tests. Citi's non-objection, buybacks of $7.8B and a quarterly dividend of 5c were all in-line to better than expected, while Regions' buybacks of $875M was much higher than its $625M estimate, Deutsche points out. The firm believes KeyCorp (KEY), Morgan Stanley (MS) and SunTrust (STI) were also winners after announcing larger than expected buybacks. It views the results for Bank of America (BAC) as a "slight disappointment," but adds some investors may be relieved by the lack of rejection to the capital plan.
07:19 EDTMSFTUBS to hold a conference
U.S. Software Conference is being held in New York on March 12.
07:08 EDTBACBank of America risk/reward attractive, says RBC Capital
Subscribe for More Information
07:02 EDTMRVLMicrosemi and Marvell announce collaboration for joint reference design
Subscribe for More Information
06:23 EDTC, DB, BACHSBC, Citi, others linked to foreign money laundering bank, WSJ says
HSBC (HSBC), Bank of America (BAC), Citi (C), and Deutsche Bank (DB) reportedly had correspondent-banking relationships with Banca Privada díAndorra, reports the Wall Street Journal, citing the Treasury Departmentís Financial Crimes Enforcement Network. The Treasury Department Tuesday labeled Banca Privada a "primary money-laundering concern" allegedly working with organized crime, and HSBC "immediately terminated" its relationship with the bank upon learning of the link, said a person familiar with the matter. The three other banks stated they will or have taken appropriate action, and the Treasury Department has not accused the firms of any wrongdoing. Reference Link
05:24 EDTTAT&T invests almost $2.8B in Florida
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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