New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:34 EDTCSCO, WMT, GTIV, KND, GM, NQ, ACXMOn The Fly: Midday Wrap
Stocks on Wall Street began the session in negative territory, extending yesterday's slide, and have remained there throughout the morning. The Dow is down about 1%, though that decline is less than either the S&P 500 or Nasdaq have experienced. The blue chip index is being weighed on by a post-earnings slide in shares of Wal-Mart (WMT), but that decline has been somewhat offset by the advance of fellow component Cisco (CSCO) after its own strong report. ECONOMIC EVENTS: In the U.S., initial claims fell to a new cycle-low 297K in the second week of May, which was below the expectation for 315K initial claims. The Consumer Price Index rose 0.3% in April compared to the prior month, as expected. The NY Fed's Empire State survey has a reading of 19.01, which was a four-year high and well above the forecast for a reading of 5.0. Industrial production fell 0.6% in April, which was worse than the expected decline of 0.1%. Capacity utilization fell to 78.6% in the month, which was also worse than expected. The Philadelphia Federal Reserve index fell to 15.4 in May from its prior reading of 16.6, which was a smaller decline than anticipated. The NAHB housing market index fell to 45 in May, undershooting the consensus estimate of 48. COMPANY NEWS: Two blue chip names were moving in different directions following their earnings reports, as tech giant Cisco lead all advancers on the Dow and the world's largest retailer, Wal-Mart, was the laggard on the index. Cisco shares gained almost 7% near noon after the company's Q3 results beat expectations and analysts at Cantor called the company's tone on its conference call "the most upbeat in over a year." Conversely, Wal-Mart fell 2.5% at midday after the company's earnings for the just ended quarter and its guidance for current quarter profits both trailed analysts' consensus forecast... General Motors (GM) shares are down nearly 3% after the company announced five new safety recalls covering about 2.7M vehicles in the United States. MAJOR MOVERS: Among the notable gainers was Gentiva Health (GTIV), which jumped 61% and was upgraded to Market Perform from Underperform at Raymond James after Kindred Healthcare (KND) made public its proposal to acquire Gentiva for a combination of $7.00 per share in cash and $7.00 of Kindred common stock. Shares of Kindred, which said that Gentiva has not been willing to discuss a transaction, also rose 6% after the announcement. Among the noteworthy losers was NetQin Mobile (NQ), which plunged 25% after the Chinese company, which has previously been accused of fraud by short-seller Muddy Waters, said it was unable to file its annual report on time because it needs additional time to complete it. Also lower was Acxiom (ACXM), which dropped 22% after the company gave a lower than expected FY15 outlook and announced a deal to acquire LiveRamp for $310M in cash. INDEXES: Near midday, the Dow was down 195.53, or 1.18%, to 16,418.44, the Nasdaq was down 60.36, or 1.47%, to 4,040.26, and the S&P 500 was down 25.16, or 1.33%, to 1,863.37.
News For CSCO;WMT;GTIV;KND;GM;NQ;ACXM From The Last 14 Days
Check below for free stories on CSCO;WMT;GTIV;KND;GM;NQ;ACXM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
August 11, 2014
05:55 EDTCSCOCisco expected to report solid Q4 results at Wells Fargo
Subscribe for More Information
05:37 EDTWMTWal-Mart downgraded to Hold from Buy at Jefferies
Jefferies downgraded its rating on Wal-Mart (WMT) shares to Hold from Buy saying the retailer's investment spending may not be yielding positive results. The firm sees risk to Wal-Mart's annual guidance from elevated expenses and lackluster sales. It dropped its price target for shares to $76 from $89. The stock closed Friday up 72c to $74.67.
August 9, 2014
16:17 EDTWMTChina regulators investigate Wal-Mart store in Shenzhen, Reuters says
Subscribe for More Information
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
Subscribe for More Information
09:37 EDTWMTActive equity options trading on open
Subscribe for More Information
08:31 EDTCSCOMorgan Stanley expects Cisco to report good results, conservative outlook
Morgan Stanley expects Cisco to report results of 54c/$12.26B vs. consensus of 53c/$12.14B and said checks indicate the enterprise market is improving. The firm expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Shares are Overweight rated with a $30 price target.
06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
August 7, 2014
08:41 EDTNQNQ Mobile's Music Radar technology integrated into China Unicom phones
Subscribe for More Information
06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
Subscribe for More Information
August 6, 2014
18:34 EDTKNDKindred Healthcare sees Q3 cont. ops diluted EPS 5c-15c, consensus 17c
Subscribe for More Information
18:32 EDTKNDKindred Healthcare sees FY14 cont. ops diluted EPS 96c-$1.14, consensus $1.14
The company revised its operating cash flow guidance range of $245M-$275M to a revised range of $200M-$230M. The company maintained its expectation of $100M-$105M for routine capital expenditures and for timing reasons reduced its anticipated FY14 cash outflows for development of new or replacement facilities by $5M to approximately $15M-$20M. The company expects its FY14 operating cash flows in excess of routine and development capital spending to approximate $85M-$105M, which will be available to fund acquisitions, repay debt and pay dividends. Estimated dividend payments for FY14 are expected to approximate $29M, an increase of approximately $3M from the previous guidance due to the issuance of 9.7M additional common shares in the company’s recently completed equity offering.
18:27 EDTKNDKindred Healthcare Q2 hospital division admissions growth up 3.1%
The company saw Q2 hospital division revenue growth per patient day of 1.8% and 1.3% growth in core operating costs per patient day. RehabCare division achieved sequential core operating income growth and margin improvement from 11.6% in Q1 to 12.3% in Q2. Nursing center division core operating income increased 11.3% primarily due to growth in revenues and operating margins were significantly improved due to ongoing repositioning and cost control initiatives. Care Management division delivered 66% revenue growth and core operating income doubled compared to the same period last year.
18:23 EDTKNDKindred Healthcare reports Q2 diluted continued ops EPS 34c, consensus 32c
Reports Q2 revenue $1.28B, consensus $1.28B. Q2 operating results included pretax charges of $70.9M, or 83c per diluted share related to debt refinancing, restructuring, litigation and transaction costs. Without these items, diluted earnings per share from continuing operations increased 26%.
11:36 EDTACXMAcxiom signs global agreement with ACE Group
Subscribe for More Information
08:37 EDTGMGoldman Sachs to hold a field trip
Autos Field Trip travels to Detroit on August 6.
08:24 EDTCSCOCisco outlook better than most investors expect, says Cowen
Cowen believes Cisco's intermediate and long-term outlook is better than most investors fear. The firm sees an ongoing attractive risk/reward for the stock, citing expectations for improved margins, improvement in all key metrics, and a view that the SDN risk is overstated. The firm has an Outperform rating with a $30 price target on Cisco.
07:55 EDTWMTWal-Mart International chief prioritizing China, Brazil, e-commerce, WSJ reports
Subscribe for More Information
07:47 EDTWMTRetailers pare store openings as shopper visits slide, WSJ says
Subscribe for More Information
06:12 EDTCSCOCisco August volatility elevated into Q4 and outlook
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 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