New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 10, 2012
12:11 EDTCSCO, SGI, KERX, TSLA, WIN, PANL, KSS, PCLN, INSP, MNST, SNE, NWSA, WFROn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow higher in spite of a steep decline in shares of Cisco (CSCO) following its earning report and guidance. Stock futures rallied into positive territory during the pre-market trading session, with the move solidified by the in line jobless claims data and a rally in stock markets in Europe. U.S. equities opened higher but met resistance in the early going. The failure to push through some technical levels saw the market lose some of its steam. The averages have been generally mixed since about an hour into trading, with the Dow and S&P higher and the Nasdaq in negative territory... ECONOMIC EVENTS: In the U.S., 367,000 initial jobless claims were reported, which was basically in line with last week's figure and with consensus estimates. The U.S. trade deficit grew 14.1% to $51.83B in March, versus estimates of $50.0B. U.S. imports grew 5.2%, the biggest gain since January 2011, while U.S. exports rose 2.9% to a record $186.8B. Also, import prices decreased 0.5%, versus the expected decrease of 0.2%. In Europe, the Bank of England left its benchmark interest rate at 0.5%, as expected, and did not increase its plans for asset purchases. In China, foreign trade growth in April disappointed as exports rose only 4.9% from a year earlier, down from 8.9% in March... COMPANY NEWS: Dow component Cisco reported quarterly earnings and revenue that just beat consensus views but forecast earnings in the coming quarter below the Street's expectations. The company's pessimistic view on challenges in Europe and weakness in India resonated with investors and the stock slid nearly 10%... News Corp. (NWSA) shares gained about 5% after the company reported revenue and profit that beat expectations and it raised its stock repurchase program by $5B to $10B... Sony (SNE) projected it will swing back to profit this fiscal year on a recovery in its consumer electronics and component businesses, giving its shares a 1% boost... Among others reporting earnings, advancers included Monster Beverage (MNST) and InfoSpace (INSP); decliners included Priceline.com (PCLN), Kohl's (KSS), Universal Display (PANL) and Windstream (WIN)... MAJOR MOVERS: Among the notable gainers were Tesla Motors (TSLA), up nearly 12%, after it reported quarterly sales and losses that were worse than expected but also increased the low end of its full year revenue guidance, and Keryx Biopharmaceuticals (KERX), up more than 16%, following upgrades to Buy ratings at Ladenburg and Roth Capital, which both cited the company's Zerenex program. Noteworthy losers included Silicon Graphics (SGI), down over 27%, after projecting losses for next quarter and for the year, and MEMC Electronic (WFR), down 20%, following its report of quarterly losses that were steeper than expected... INDICES: Near noon, the Dow was up 26.83, or 0.21%, to 12,861.89; the Nasdaq was down 11.13, or 0.38%, to 2,923.58; and the S&P 500 was up 2.76, or 0.20%, to 1,357.34.
News For CSCO;NWSA;SNE;MNST;INSP;PCLN;KSS;PANL;WIN;TSLA;KERX;SGI;WFR 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 | all recent news | >>
October 9, 2014
11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
Subscribe for More Information
10:13 EDTTSLATesla volatility increases into announcement
Tesla October weekly call option implied volatility is at 76, October is at 42, November is at 51, December is at 42; compared to its 26-week average of 46 according to Track Data, suggesting large near term price movement into an announcement scheduled for today.
09:01 EDTSNESony moves step further toward sale of PS4 in China, WSJ says
Sony (SNE), which seeks to join Microsoft (MSFT) in selling video game consoles in China, may see a partner company start packaging its consoles in the nation in December, said The Wall Street Journal, citing a filing posted by a Sony local partner on the official website of Shanghai’s free-trade zone. A Sony spokesperson said the facility's ability to package 200,000 consoles a year, which was communicated in the filing, does not represent an actual business plan and declined to comment further on Sony’s plans. Reference Link
08:53 EDTSNEAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
Subscribe for More Information
06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:48 EDTTSLATesla added to U.S. Focus List at Credit Suisse
Subscribe for More Information
06:31 EDTSNEFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:29 EDTSNEIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTSNEMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
Subscribe for More Information
October 8, 2014
17:30 EDTPANLPangaea Logistics enters into letter of intent with ASO 2020 Maritime
Subscribe for More Information
16:01 EDTTSLAOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
13:43 EDTKSSDepartment stores fall after J.C. Penney cuts view due to difficult environment
Subscribe for More Information
11:16 EDTKSSKohl’s October volatility elevated
Subscribe for More Information
10:58 EDTKERXKeryx management to meet with Brean Capital
Subscribe for More Information
10:00 EDTTSLAOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:54 EDTTSLATesla volatility increases into October 9 announcement
Tesla October weekly call option implied volatility is at 67, October is at 45, November is at 54, December is at 48; compared to its 26-week average of 46 according to Track Data, suggesting large price movement into an announcement scheduled for October 9.
09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
06:13 EDTSNENon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
06:07 EDTTSLATesla initiated with a Neutral at Tigress Financial
Tigress Financial started shares of Tesla with a Neutral rating saying that while it is "extremely enthusiastic" about the company's product offering and growth potential, it has concerns about "inherent industry obstacles" and the current valuation.
1 | 2 | 3 | 4 | 5 | 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