New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 21, 2012
12:33 EDTSTJ, SQNM, CRM, TLYS, SKX, ZLC, DEOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday in a pre-holiday session marked by little corporate news but a fair amount of economic data. The averages opened quietly after the Labor Department reported a drop in first-time unemployment claims from the prior week, as expected. Among the other economic reports, the consumer confidence reading was slightly lower than expected and the leading economic indicators were slightly above expectations. There was little reaction to any of the reports and volume has been light, which is not surprising... ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 410,000, which was in-line with forecasts. Markit's "flash" November flash PMI rose to 52.4 from 51.0 in October. The final November reading of the University of Michigan Sentiment index slipped to 82.7 from its 84.9 preliminary reading. The leading indicators edged up 0.2% in October to 96.0 from 95.8 in September. In Europe, the region's finance ministers and the IMF were unable to reach a bailout agreement for Greece and will meet again on Monday with an eye on resolving the remaining disagreements. In Asia, Japanese exports fell 6.5% in October, which was worse than expectations of a 4.9% decline... COMPANY NEWS: Salesforce.com's (CRM) Q3 results beat on the top and bottom lines and RW Baird and Wells Fargo reiterated their Outperform ratings on the stock following the report. Shares advanced 8%. Conversely, Deere (DE) shares slumped 4% after its earnings missed expectations, as did its guidance for the coming year... MAJOR MOVERS: Among the notable gainers was Sketchers (SKX), rising 12% after Susquehanna upgraded the stock to Positive from Neutral, citing valuation and product momentum. Also higher were shares of Sequenom (SQNM), up 11% after a committee of the American College of Obstetricians and Gynecologists recommended that cell-free fetal DNA testing be offered to certain at-risk patients. Among the noteworthy losers following their earnings reports were Zale (ZLC), down over 28%, and Tilly's (TLYS), down 17%. Also lower was St. Jude Medical (STJ), which fell 14% after an FDA inspection report cited serious flaws in its oversight of design changes in its Durata line of defibrillator leads... INDICES: Near 12:30 pm ET, the Dow was up 45.14, or 0.35%, to 12,833.65; the Nasdaq was up 7.07, or 0.24%, to 2,923.75; and the S&P 500 was up 2.43, or 0.18%, to 1,390.24.
News For CRM;DE;SKX;SQNM;ZLC;TLYS;STJ 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
08:59 EDTSTJSt. Jude Medical to host investor meeting
Subscribe for More Information
07:42 EDTCRMServiceNow price target raised to $85 from $72 at Canaccord
Subscribe for More Information
January 28, 2015
08:45 EDTSTJSt. Jude Medical sees FY15 Atrial Fibrillation product sales up 11%-13%
Subscribe for More Information
07:18 EDTSTJSt. Jude Medical sees Q1 adjusted EPS 90c-92c, consensus 97c
Sees Q1 revenue up 2%-4% on a constant currency basis with currency negatively impacting first quarter revenue by approximately $85M-$100M, consensus $1.37B.
07:18 EDTSTJSt. Jude Medical sees FY15 adjusted EPS $3.95-$4.00, consensus $4.13
Subscribe for More Information
07:16 EDTSTJSt. Jude Medical reports Q4 CRM sales $685M
Subscribe for More Information
07:15 EDTSTJSt. Jude Medical reports Q4 adjusted EPS $1.03, consensus $1.03
Subscribe for More Information
January 27, 2015
16:34 EDTSTJSt. Jude Medical announces FDA approval of FlexAbility Ablation Catheter
Subscribe for More Information
15:35 EDTSTJNotable companies reporting before tomorrow's open
Subscribe for More Information
12:22 EDTDECaterpillar sinks after guidance cut, drags down machinery peers
Shares of Caterpillar (CAT) are falling after the company reported lower than expected profit and reduced its full-year guidance to well below analysts' consensus outlook. WHAT'S NEW: Caterpillar reported fourth quarter earnings per share, excluding certain items, of $1.35, versus analysts' consensus outlook of $1.55. The company's Q4 revenue came in slightly above expectations. However, Caterpillar provided fiscal 2015 EPS guidance, excluding certain items, of about $4.75, versus the consensus outlook of $6.67, and its revenue outlook was about $50B, compared with analysts' consensus estimate of $55B. In October, Caterpillar had provided a "preliminary outlook" for 2015 of no change to a slight increase in its revenue, versus 2014 levels. In 2014 the company reported revenue of $55.18B. Caterpillar blamed its disappointing guidance on weak commodity prices that are negatively impacting its Energy & Transportation business, as well as its mining equipment unit. Caterpillar also lowered its expectations for construction equipment sales in China, noting that while its market position in China has improved, 2015 expectations for the construction industry in China are now lower. ANALYST REACTION: In a note to investors, Wells Fargo wrote that Caterpillar's results are a bad sign for other machinery makers, including Cummins (CMI), Deere (DE), and Terex (TEX). The firm kept a Market Perform rating on Caterpillar. PRICE ACTION: in early afternoon trading, Caterpillar fell 7.5% to $79.61, Cummins dropped 4.6% to $141, Deere declined 3% to $85.76, and Terex fell 4.4% to $22.50.
08:58 EDTDECaterpillar guidance to be negative for shares, says Wells Fargo
Subscribe for More Information
January 26, 2015
07:17 EDTSTJSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
January 23, 2015
15:46 EDTSQNMPiper Jaffray's medtech analysts hold an analyst/industry conference call
Subscribe for More Information
10:02 EDTCRMOn the Fly: Analyst Initiation Summary
Subscribe for More Information
08:32 EDTDEDeere announced indefinite layoffs at five locations for workforce adjustments
Subscribe for More Information
January 22, 2015
16:27 EDTCRMSalesforce.com initiated with an Outperform at Cowen
Target $73.
07:04 EDTSQNMSequenom and Cypher Genomics sign prenatal test development agreement
Subscribe for More Information
January 21, 2015
09:01 EDTSKXSkechers to launch Central Eastern European subsidiary
Subscribe for More Information
January 20, 2015
13:45 EDTSQNMIllumina rises as genomics project seen being announced in State of the Union
Subscribe for More Information
07:15 EDTCRMSAP not interested in buying competitors Workday, Salesforce, Bloomberg reports
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