New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 16, 2014
09:19 EDTLAYN, WFT, ACMP, LVLT, ISIS, ETRM, WMB, TWTC, DARA, AKS, BLUE, FIO, MDT, SNDK, COVOn The Fly: Pre-market Movers
HIGHER: Covidien (COV), up 30% after Medtronic (MDT) agreed to acquire the company for $42.9B in cash and stock. Medtronic shares are also up 6% following the news... Fusio-io (FIO), up 24% after SanDisk (SNDK) to acquire the company in all-cash deal valued at approximately $1.1B... tw telecom (TWTC), up 11% after agreeing to be acquired by Level 3 (LVLT) for $40.86 per share. Level 3 shares are up 1% following the announcement... Bluebird bio (BLUE), up 63% after announcing data from a clinical study... Williams Companies (WMB), up 12.3% after Access Midstream (ACMP) confirms Williams' planned acquisition... AK Steel (AKS), up 5% after upgraded at BofA Merrill Lynch... Dara BioSciences (DARA), up 21% after KRN5500 granted orphan drug designation by FDA. LOWER: Weatherford (WFT), down 3% after holders approve change of jurisdiction from Switzerland to Ireland... Layne Christensen (LAYN), down 12% after reporting a greater than expected Q1 loss per share and lower than expected revenues.
News For COV;MDT;FIO;SNDK;TWTC;LVLT;BLUE;WMB;ACMP;AKS;ETRM;WFT;DARA;ISIS;LAYN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 28, 2015
08:06 EDTWFTWeatherford upgraded to Overweight from Equal Weight at Stephens
Subscribe for More Information
05:52 EDTWMBStocks with implied volatility movement; AMD WMB
Subscribe for More Information
August 26, 2015
07:52 EDTSNDKUBS to hold a tour
Subscribe for More Information
05:54 EDTWMBStocks with implied volatility above IV index mean; TZA WMB
Stocks with implied volatility above IV index mean; Small Cap Bear 3x (TZA) 104, Williams (WMB) 79 according to iVolatility.
August 25, 2015
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.
07:15 EDTETRMEnteroMedics announces retirement of CEO Mark Knudson
Subscribe for More Information
05:59 EDTWMBStocks with implied volatility movement; WMB VZ
Subscribe for More Information
August 24, 2015
05:56 EDTWMBStocks with implied volatility above IV index mean; ANF WMB
Subscribe for More Information
August 20, 2015
08:34 EDTBLUEJPMorgan views bluebird bio selloff as 'highly compelling opportunity'
Subscribe for More Information
August 19, 2015
13:30 EDTWFTOptions with increasing put volume;
Subscribe for More Information
August 18, 2015
10:00 EDTSNDKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:23 EDTSNDKOn The Fly: Pre-market Movers
Subscribe for More Information
07:27 EDTSNDKSanDisk downgraded to Underperform on industry capex increases at BofA/Merrill
BofA/Merrill downgraded SanDisk two notches to Underperform from Buy and lowered its price target to $40 from $75. The firm is more cautious on the memory chip sector given new developments of SK Group's "significantly higher capex budget" and Micron's unexpected FY16 capex hike. BofA/Merrill said excess capacity is now a concern and cut long-term earnings estimates for most memory chip stocks.
07:13 EDTLAYNLayne Christensen closed sale of Geoconstruction business segment for $43M
Layne Christensen announced the closing of the previously announced sale of its Geoconstruction business segment to a subsidiary of Keller Foundations, a member of Keller Group, for a total of $43M, including the preliminary value of the business segment's working capital which is subject to a post-closing reconciliation. Approximately $6.0M of the purchase price will remain in escrow or will be paid at a later date upon the satisfaction of certain conditions.
06:01 EDTWMBStocks with implied volatility above IV index mean; WMB ATML
Subscribe for More Information
August 17, 2015
16:53 EDTWMBOn The Fly: Top stock stories for Monday
Subscribe for More Information
11:11 EDTSNDKAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
07:23 EDTWMBSpectra making bid for whole of Williams Companies, Reuters reports
Subscribe for More Information
06:01 EDTWMBStocks with implied volatility above IV index mean; WMB ODP
Stocks with implied volatility above IV index mean; Williams (WMB) 57, Office Depot (ODP) 60 according to iVolatility.
05:52 EDTWFTStocks with implied volatility movement; XLU WFT
Stocks with implied volatility movement; Utilities SPDR (XLU) 16, Weatherford (WFT) 61 according to iVolatility.
1 | 2 >>

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