New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2014
10:11 EDTIAU, JNS, GWPH, CNC, SAVEHigh option volume stocks: CNC JNS SAVE GWPH IAU
News For CNC;JNS;SAVE;GWPH;IAU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 12, 2014
10:41 EDTSAVEHigh option volume stocks:
Subscribe for More Information
06:06 EDTCNCCentene sees FY15 EPS $5.05-$5.35, consensus $4.92
Sees FY15 premium and service revenues $20.3B-$20.8B.
06:05 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $4.28
Subscribe for More Information
December 10, 2014
14:45 EDTCNCDeal would block payments to health insurance companies, The Hill says
Subscribe for More Information
06:00 EDTSAVEBarclays upgrades United, American amid lower oil prices
Subscribe for More Information
05:39 EDTSAVEUnited Continental upgraded to Overweight from Underweight at Barclays
Barclays upgraded United Continental (UAL) two notches to Overweight from Underweight citing the benefits from lower oil prices. The firm raised its price target for shares to $76 from $52. The airliner closed yesterday down $1.73 to $62.52. Barclays also upgraded American Airlines (AAL) this morning to Overweight. Its top picks in the space are Spirit Airlines (SAVE), then American and United, followed by Delta Air Lines (DAL) and Southwest (LUV). It now has Overweight ratings on all four major U.S. airlines.
December 9, 2014
16:28 EDTSAVEOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red on the heels of a sharp sell-off in China and amid continued concern over tumbling oil prices. The domestic economic calendar offered little in the way of a catalyst and the market moved in a narrow range throughout the morning. However, the averages began to pare their losses once the European markets closed. By mid-afternoon the averages had turned mixed with the Nasdaq higher, the S&P flat, and the Dow the laggard, which is the way the trading day closed. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' optimism index rose to 98.1 from a prior reading of 96.1. The JOLTS report showed job openings increased 149K to 4.83M in October, which was above the expectation for 4.795M openings. Wholesale sales increased 0.2% in October and inventories grew 0.4%, both of which were better than expected. In Asia, China's Shanghai composite index plunged 5.4%, making for the stock market's sharpest selloff in years, after the country’s securities clearing house raised the threshold for the type of collateral used for short-term loans and policymakers warned about potentially slower economic growth. In Europe, Greek stocks and bonds also tumbled after a move to bring forward presidential elections, which could potentially derail Greece’s bailout and austerity efforts. COMPANY NEWS: Verizon (VZ) was among the Dow's worst performers, sinking $1.98, or 4.05%, to $46.92 after the company warned that Q4 impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its earnings per share. After last night's commentary from the company, Robert W. Baird downgraded Verizon shares to Neutral from Outperform and lowered its price target on the stock to $50 from $54... Merck (MRK) also weighed on the Dow, as the drugmaker fell $1.87, or 3.02%, to $60.01 after a Delaware court denied Cubist's (CBST) bid to stop Hospira (HSP) from selling a generic version of Cubicin in 2016. Merck announced just yesterday morning that it had agreed to buy Cubist in a transaction with a total value of approximately $9.5B. The news is a "tough start" to Merck's takeover and makes the $9.5B buyout price look $2B to $3B too high, according to analysts at Leerink. Shares of Cubist also fell $xxx, or xxx%, to $xxx following the court ruling. MAJOR MOVERS: Among the notable gainers was bluebird bio (BLUE), which surged $35.39, or 72.39%, to $84.28 after the company announced data from eight subjects treated with its LentiGlobin drug product and Piper Jaffray more than doubled its price target for the shares to $112 from $52. Among the noteworthy losers was Conn's (CONN), which plunged $14.26, or 40.64%, to $20.83 after unexpectedly reporting losses for its third fiscal quarter, withdrawing its FY15 guidance and announcing the departure of its CFO. Also lower was Spirit Airlines (SAVE), which slid $10.70, or 12.67%, to $73.77 after the company said last night that since late October there has been compression in the fare structure for close-in bookings, believed to be driven by the industry’s willingness to trade lower fuel prices for lower fares. Also, this morning, Raymond James downgraded Spirit Airlines to Market Perform from Outperform, citing valuation, European deflation headwinds, and earnings that are still being revised down. INDEXES: The Dow fell 51.28, or 0.29%, to 17,801.20, the Nasdaq rose 25.77, or 0.54%, to 4,766.46, and the S&P 500 slipped 0.49, or 0.02%, to 2,059.82.
15:32 EDTSAVESpirit Airlines sinks after downgrade, trades off lows
Subscribe for More Information
10:31 EDTCNCCentene to host investor meeting
Subscribe for More Information
10:23 EDTSAVEOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:19 EDTSAVEHigh option volume stocks
Subscribe for More Information
10:08 EDTSAVEHigh option volume stocks
Subscribe for More Information
09:03 EDTSAVESpirit Airlines downgraded at Raymond James
Subscribe for More Information
06:09 EDTSAVESpirit Airlines downgraded to Market Perform from Outperform at Raymond James
December 8, 2014
18:24 EDTSAVEOn The Fly: After Hours Movers
Subscribe for More Information
16:36 EDTSAVESpirit Airlines sees compression in fare structure for close-in booking
Subscribe for More Information
16:33 EDTSAVESpirit Airlines backs Q1 adjusted operating margin view of about 20%
16:32 EDTSAVESpirit Airlines sees Q4 adjusted operating margin 18%-19%
Subscribe for More Information
16:30 EDTSAVESpirit Airlines November traffic increased 15.7%
Subscribe for More Information
12:13 EDTJNSJanus fund had $1.2B of assets under management at end of November, WSJ reports
According to data released by Morningstar, the Janus Global Unconstrained Bond fund, Bill Gross's new mutual fund at Janus Capital, had $1.2B of assets under management at the end of November, The Wall Street Journal reports. The data shows that the pace of monthly inflows was the highest since Gross took over the fund. Reference Link
1 | 2 | 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