New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 10, 2012
12:11 EDTWFR, TSLA, KSS, MNST, CSCO, SGI, WIN, PCLN, SNE, KERX, PANL, INSP, NWSAOn 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 | all recent news | >>
June 17, 2015
16:12 EDTCSCOCrossroads Systems updates on patent litigation after Markman hearing
Subscribe for More Information
14:42 EDTTSLAOption volume leaders
Subscribe for More Information
11:34 EDTTSLATesla enlists leading battery researcher to drive down costs, WSJ says
Subscribe for More Information
10:36 EDTTSLATesla spikes on Ron Barron comments on CNBC
Subscribe for More Information
09:48 EDTCSCOCisco to invest $10B in China innovation and development
Subscribe for More Information
08:25 EDTCSCOCisco to participate in a tech talk with SunTrust
Subscribe for More Information
07:30 EDTTSLABaron sees 'huge opportunity' in Tesla
Ron Baron said while speaking on CNBC that he "loves Tesla" and sees a huge opportunity for the company and the stock. Baron said he expects to make 10 to 20 times his money in 20 years via his investment in Tesla stock.
June 16, 2015
16:44 EDTSNESony fails to have lawsuit from hacked former employees dismissed, Reuters says
Subscribe for More Information
11:11 EDTMNSTMonster Beverage climbs after added to Citi Focus List
Energy drink maker Monster Beverage (MNST) is advancing after Citi added the stock to its Focus List, saying that the company has many potential positive catalysts. WHAT'S NEW: Monster's stock can rise significantly from current levels, as it has many potential positive catalysts that can kick in over the next 12 months, Citi analyst Wendy Nicholson wrote in a note to investors today. Specifically, the company can enter new markets such as China and its overseas profit margins may increase, the analyst stated, adding that Monster may also sign new distribution deals in foreign markets and launch new products. Other potential catalysts include signs that the distribution of the company's drinks in the U.S. has become smoother in the wake of its transition to Coca-Cola's (KO) system and the possibility that the soda giant will increase its stake in Monster, the analyst believes. Monster could initiate large share repurchases, given the huge amount of cash it received from Coca-Cola, the analyst stated. She predicted that the company's earnings before interest and taxes would grow at an "outsized" compound annual growth rate of 12% over the next five years and kept a $155 price target and Buy rating on the stock. WHAT'S NOTABLE: UBS on June 12 upgraded Monster to Buy from Neutral, saying that the short-term risks facing the company were already priced into the stock, while the beverage maker's U.S. and foreign growth outlook is strong. The analyst predicted that Coca-Cola would increase its stake in the company to 25% from its current 16.7% level. Also on June 12, Monster and Coca-Cola announced that the acquisition of the 16.7% stake in Monster by Coke had been closed. PRICE ACTION: In late morning trading, Monster climbed 4% to $132.
09:36 EDTCSCOActive equity options trading on open
Subscribe for More Information
09:04 EDTSGISilicon Graphics signs OEM agreement with Red Hat
Subscribe for More Information
08:16 EDTSNESony June volatility at 31 into E3Expo.com as shares near four-year high
Subscribe for More Information
07:25 EDTMNSTMonster Beverage added to U.S. Focus List at Citi
Citi added Monster Beverage to its U.S. Focus List saying it sees "considerable" upside potential from current share levels. Citi calls Monster its top pick in U.S. Beverages and keeps a Buy rating on the stock with a $155 price target.
06:59 EDTTSLATesla management to meet with FBR Capital
Subscribe for More Information
June 15, 2015
17:17 EDTTSLATesla Model 3 to be available as sedan, crossover, WSJ says
Subscribe for More Information
16:00 EDTTSLAOptions Update; June 15, 2015
Subscribe for More Information
11:50 EDTTSLAStocks with call strike movement; TSLA AMZN
Subscribe for More Information
09:38 EDTTSLAActive equity options trading on open
Subscribe for More Information
08:04 EDTTSLATesla credit facility clears up near-term cash concerns, says Dougherty
Subscribe for More Information
08:03 EDTKSSMasterCard adding tokenization support for private label credit cards
Subscribe for More Information
1 | 2 | 3 | 4 | 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