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News Breaks | | | | November 14, 2012 | | 12:39 EDT |  | CSCO, ANF, FB, IAG, STMP | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the sluggish trading that has persisted since the end of the U.S. election continues. The averages began the session in positive territory but were unable to improve on their opening prices. The fiscal cliff continues to weigh on the market as lawmakers continue to comment to the press regarding its urgency but have not offered any solutions. The lack of movement on the issue, coupled with new, more aggresive revenue demands from the president, have kept investors anxious and unwilling to bid up the market... ECONOMIC EVENTS: In the U.S., retail sales fell 0.3% in October, versus expectations for a decline of 0.2%. Producer prices fell 0.2% in the month, versus forecasts for them to have increased 0.2%. Excluding food and energy, the core reading fell 0.2%, versus the expected increase of 0.4%. Business inventories rose 0.7% in September, versus expectations for an increase of 0.6%. In Europe, industrial production dropped the most in more than three years in September, declining 2.5% from August and 2.3% from the prior year... COMPANY NEWS: Cisco (CSCO) reported stronger than expected first quarter results and generally in-line second quarter earnings guidance, sparking an upgrade at Pacific Crest and a 6% rally in its shares... MAJOR MOVERS: Among the notable gainers was Abercrombie & Fitch (ANF), which surged over 27% after its better than expected quarterly results and full year guidance prompted at least four upgrades of its stock. Also higher were shares of Facebook (FB), up 9% in spite of a massive IPO lock-up expiration that allowed employees and early investors in the company to sell their shares. Among the noteworthy losers were IAMGOLD (IAG), down 18% after reporting its quarterly results and revising its gold production guidance for its next fiscal year, and Stamps.com (STMP), down 11% after Craig-Hallum said the company's site experienced a number of outages in November due to IT issues... INDICES: Near 12:30 pm ET, the Dow was down 75.18, or 0.59%, to 12,681.00; the Nasdaq was down 7.48, or 0.26%, to 2,876.41; and the S&P 500 was down 6.54, or 0.48%, to 1,367.99. | |
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News For CSCO;ANF;FB;IAG;STMP From The Last 14 Days Check below for free stories on CSCO;ANF;FB;IAG;STMP the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | CSCO | Options Update; May 17, 2013
 Subscribe for More Information | | | 14:03 EDT | | CSCO | Market set to finish week with gains after Cisco results, comments
Subscribe for More Information | | | 11:59 EDT | | CSCO | Options with decreasing implied volatility: ILMN LO A HES INFY CSCO
| | | 07:35 EDT |  | CSCO | Aruba Networks downgraded to Hold from Buy at Stifel
Subscribe for More Information | | | 06:51 EDT | | FB | Facebook volatility at low end of historic range
Subscribe for More Information | | | 06:36 EDT |  | FB | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | 06:35 EDT | | CSCO | Stocks with implied volatility below IV index mean; CSCO MBI
Stocks with implied volatility below IV index mean; Cisco (CSCO), MBIA (MBI) according to IVolatility. | | | May 16, 2013 | | 16:29 EDT | | CSCO | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 14:01 EDT | | CSCO | Options Update; May 16, 2013
Subscribe for More Information | | | 12:24 EDT | | CSCO | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | | 10:44 EDT |  | CSCO | Cisco results give boost to semiconductor names
Subscribe for More Information | | | 09:48 EDT |  | CSCO | Cisco gaps up and spikes higher in early trading following results
Subscribe for More Information | | | 09:36 EDT | | CSCO | Active equity option families trading on open
Subscribe for More Information | | | 09:19 EDT | | CSCO | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:04 EDT |  | CSCO | Cisco results positive for semiconductors space, says Brean Capital
Subscribe for More Information | | | 09:00 EDT | | CSCO | Cisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94 | | | 08:50 EDT | | IAG | World Gold Council says gold jewelery demand up, total gold demand down in Q1
Subscribe for More Information | | | 08:18 EDT | | CSCO | Cisco price target raised to $28 from $25 at Goldman
Subscribe for More Information | | | 08:14 EDT | | CSCO | Cisco price target raised to $27 from $25 at FBN Securities
Subscribe for More Information | | | 08:14 EDT |  | CSCO | BofA/Merrill's tech analysts hold an analyst/industry conference call
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