|
|
News Breaks | | | | May 10, 2012 | | 12:11 EDT |  | CSCO, SGI, KERX, TSLA, WIN, PANL, KSS, PCLN, INSP, MNST, SNE, NWSA, WFR | On 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 Check below for free stories on CSCO;NWSA;SNE;MNST;INSP;PCLN;KSS;PANL;WIN;TSLA;KERX;SGI;WFR the last two weeks. |
|
|
| June 18, 2013 | | 17:12 EDT |  | SNE | Nvidia to begin licensing GPU cores, visual computing portfolio
 Subscribe for More Information | | | 16:34 EDT | | TSLA | Tesla CEO Musk says battery pack swap works with all Model S cars
Subscribe for More Information | | | 16:22 EDT | | SNE | On The Fly: Closing Wrap
Subscribe for More Information | | | 16:13 EDT | | MNST | AMA adopts policy supporting ban of marketing energy drinks to kids
The American Medical Association, or AMA, announced that it voted during its Annual Meeting to adopt several new policies on emerging issues in public health and science. Among the policies adopted was support for a ban of the marketing of high stimulant/caffeine drinks to adolescents under the age of 18. "Energy drinks contain massive and excessive amounts of caffeine that may lead to a host of health problems in young people, including heart problems, and banning companies from marketing these products to adolescents is a common sense action that we can take to protect the health of American kids," said AMA board member Alexander Ding, M.D. The Fly notes that Forbes reported earlier this week that the AMA might endorse such a ban. | | | 15:23 EDT | | MNST | AMA calls for ban on advertising energy drinks to kids, Bloomberg says
Subscribe for More Information | | | 12:21 EDT | | SNE | On The Fly: Midday Wrap
Subscribe for More Information | | | 09:49 EDT |  | SNE | Sony rises after Third Point raises stake to 7%, levels to watch
Subscribe for More Information | | | 09:38 EDT |  | TSLA | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG PFE TSLA MGM | | | 09:05 EDT | | SNE | T-Mobile to be exclusive carrier of Sony Xperia Z smartphone
T-Mobile U.S. (TMUS) announced it will be the exclusive U.S. wireless company to carry the Xperia Z from Sony (SNE). | | | 08:52 EDT | | SNE | On The Fly: Pre-market Movers
Subscribe for More Information | | | | 07:53 EDT | | TSLA | Tesla battery swap demo scheduled for Thursday, CEO Musk says
Tesla CEO Elon Musk stated on Twitter: "Live pack swap demo on Thurs night at 8pm California time at our design studio in Hawthorne. Seeing is believing." Musk added in another post: "Video of battery pack swap will be posted to the Tesla website around 9:30pm, so those attending will see this first." Reference Link | | | 07:42 EDT |  | SNE | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link | | | 07:39 EDT | | SNE | Loeb ups his Sony stake, pushes for entertainment IPO, WSJ reports
Hedge-fund investor Daniel Loeb's Third Point LLC increased its stake in Sony Corp. as it moved to persuade the company to launch an IPO of its entertainment division, reports the Wall Street Journal. Third Point added about 5M shares to its Sony stake, for a total of 70M shares, or 6.9% of the company. This morning in Tokyo, Loeb's fimr sent a letter from him to Sony CEO Kazuo Hirai reiterating their argument that Sony should sell a 15% to 20% stake in its entertainment arm, which comprises the company's movie and music businesses. Reference Link | | | 07:29 EDT |  | CSCO | Securities Industry and Financial Markets Association to host a conference
Subscribe for More Information | | | 06:17 EDT | | CSCO | Taiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link | | | 06:05 EDT | | SNE | Sony implied volatility at upper end of index mean range
| | | 05:56 EDT | | TSLA | Tesla takes on franchised car dealers, WSJ reports
Subscribe for More Information | | | June 17, 2013 | | 20:08 EDT | | SNE | Dan Loeb sends second letter to Sony, Variety reports
Dan Loeb has sent a second letter to Sony CEO Kazuo Hirai reiterating his proposal to spin-off Sony's entertainment assets, reports Variety. Reference Link | | | 10:23 EDT | | CSCO | Cisco moves higher, levels to watch
Subscribe for More Information | | | 10:10 EDT |  | TSLA | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Blackstone Mortgage Trust (BXMT) initiated with an Overweight at JPMorgan... ChannelAdvisor (ECOM) initiated with a Buy at Goldman... IHS Inc. (IHS) initiated with a Hold at Deutsche Bank... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Citigroup... T-Mobile (TMUS) initiated with a Neutral at RW Baird... Teradata (TDC) initiated with an Underperform at Cowen... Tesla (TSLA) initiated with an Overweight at Global Equities... U.S. Silica (SLCA) initiated with an Outperform at Wells Fargo... Ubiquiti Networks (UBNT) initiated with an Outperform at BMO Capital... Altra Holdings (AIMC) initiated with a Neutral at Sidoti... Portola Pharmaceuticals (PTLA) initiated with an Outperform at William Blair... Silver Standard (SSRI) initiated with a Neutral at Citigroup... Sangamo BioSciences (SGMO) initiated with an Outperform at Cowen... Aruba Networks (ARUN) initiated with a Buy at Maxim... Unwired Planet (UPIP) initiated with a Buy at Lake Street. | | |
|
|
|
|
|
|
