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News Breaks | | | | December 12, 2012 | | 12:25 EDT |  | LDK, PC, DD, SPWR, TSL, ESLR, TEVA, GILD, STP, CSIQ, YGE, CRL, YMI, FSLR, JASO | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as investors wait on the Fed and other Washington powers to set the direction. The averages began the session slightly higher and have remained in a narrow range all morning. However, the day's real action may be yet to come, as investors await the conclusion of the two-day Federal Reserve policy meeting. The rate decision is due out at 12:30 pm ET. And, as always, headlines from Washington regarding the fiscal cliff negotiations are always a threat to swing the market quickly in either direction... ECONOMIC EVENTS: In the U.S., import prices fell more than expected and recorded their biggest drop in five months in November, dropping 0.9%. In Europe, the pace of contraction of industrial production in the 17 countries that use the euro accelerated in October, as activity fell 3.6% from a year ago compared to a contraction of 2.8% in September... COMPANY NEWS: DuPont (DD) shares rose 2% after the company said it expects its adjusted EPS to come in at the high end of its previous forecast and also authorized a repurchase program of $1B... A number of solar stocks moved up sharply amid numerous headlines from Chinese and Taiwanese media sources. Reports said China plans additional subsidies for solar companies there and also some China-based makers may sell solar cell equipment to Taiwan. A number of solar names moved higher, including Yingli Green Energy (YGE), up 20%, Trina Solar (TSL), also up 20%, and JA Solar (JASO), up 22%. Additionally, LDK Solar (LDK), which rose 27%, announced it has entered into discussions with certain creditors to obtain additional flexibility as it continues to work to address its previously disclosed liquidity and working capital concerns... MAJOR MOVERS: Among the notable gainers was Panasonic (PC), up almost 8% following an upgrade to Overweight at Barclays. Also higher were shares of YM BioSciences (YMI), up 77% after agreeing to be acquired by Gilead Sciences (GILD) for $2.95 per share in cash. Gilead shares, meanwhile, moved up 10c, or 0.13%. Among the noteworthy losers was Charles River Labs (CRL) down 8% after reaffirming its 2012 guidance and giving guidance for 2013 below Street expectations. Also lower were shares of Teva Pharmaceutical (TEVA), down 4.7% after Leerink downgraded the stock to Market Perform and Wells Fargo removed it from the firm's Priority Stock List... INDICES: Near noon, the Dow was up 8.25, or 0.06%, to 13,256.69; the Nasdaq was down 2.71, or 0.09%, to 3,019.59; and the S&P 500 was up 2.37, or 0.17%, to 1,430.21. | |
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News For DD;YMI;GILD;PC;CRL;TEVA;LDK;YGE;ESLR;JASO;CSIQ;TSL;FSLR;STP;SPWR From The Last 14 Days Check below for free stories on DD;YMI;GILD;PC;CRL;TEVA;LDK;YGE;ESLR;JASO;CSIQ;TSL;FSLR;STP;SPWR the last two weeks. |
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| May 23, 2013 | | 11:40 EDT |  | FSLR | Stocks with call strike movement; FSLR AMD
 Subscribe for More Information | | | 10:27 EDT |  | GILD | Gilead has a conference call hosted by JPMorgan
Subscribe for More Information | | | 10:08 EDT |  | DD | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Blue Nile (NILE) downgraded to Sector Perform from Outperform at RBC Capital... Devon Energy (DVN) downgraded to Neutral from Overweight at JPMorgan... Fabrinet (FN) downgraded to Hold from Buy at Deutsche Bank... Flextronics (FLEX) downgraded to Hold from Buy at Deutsche Bank... Patterson-UTI Energy (PTEN) downgraded to Sell from Neutral at Goldman... Prosperity Bancshares (PB) downgraded to Market Perform at BMO Capital... Realty Income (O) downgraded to Sell from Neutral at Goldman... ReneSola (SOL) downgraded to Underperform from Neutral at Credit Suisse... Sanmina (SANM) downgraded to Sell from Hold at Deutsche Bank... Multiband (MBND) downgraded to Market Perform from Outperform at Northland Securities... DuPont (DD) downgraded to Sell from Hold at BGC Partners... Bank of the Ozarks (OZRK) downgraded to Neutral from Buy at Sterne Agee... Comerica (CMA) downgraded to Negative from Neutral at Susquehanna. | | | 08:39 EDT | | DD | DuPont downgraded to Sell from Hold at BGC Partners
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT | | TSL, SPWR | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 16:23 EDT |  | TEVA | Alexza Pharmaceuticals chief commercial officer to leave company
Subscribe for More Information | | | 13:35 EDT | | SPWR, LDK, JASO, TSL, ESLR, STP, CSIQ, YGE, FSLR | Cautious solar note, SolarCity lock-up highlighted by CNBC's Greenberg
Subscribe for More Information | | | 13:11 EDT |  | PC | Panasonic to cease U.S. production of solar cell wafers, Nikkei says
Subscribe for More Information | | | 12:20 EDT | | TSL | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:07 EDT | | FSLR | Stocks with call strike movement; FSLR AMD
Subscribe for More Information | | | | 10:01 EDT | | FSLR, JASO, TSL, ESLR, YGE, SPWR, CSIQ, STP, LDK | Early talks over China-EU solar panel dispute fail, Xinhua says
First-round talks to ease the current solar panel trade fight between China and the European Union have failed, reported Xinhua, citing Chinese trade body sources. Reference Link | | | 08:05 EDT | | TSL | Trina Solar to host business news update conference call
Subscribe for More Information | | | 07:30 EDT | | FSLR | First Solar seeks partners in India, Economic Times reports
First Solar has described the Indian market as attractive and big for solar power, and says it's looking for partnerships to strengthen its business, reports the Economic Times. Reference Link | | | 06:26 EDT | | LDK, SPWR, STP, JASO, FSLR, TSL, ESLR, YGE, CSIQ | IHS: Solar industry CapEx down 36% in 2013, Digitimes says
Subscribe for More Information | | | May 21, 2013 | | 16:51 EDT | | GILD | Gilead's sofosbuvir gets EMA validation, now under assessment
Subscribe for More Information | | | 12:00 EDT |  | YGE | Yingli Green rises 21.6%
Yingli Green is up 21.6%, or 67c, to $3.77 | | | 11:57 EDT | | FSLR | Stocks with call strike movement; FSLR AMD
Subscribe for More Information | | | 11:34 EDT | | TSL, JASO, YGE | High option volume stocks: JASO YGE WMB AMTD TSL
Subscribe for More Information | | | 10:44 EDT | | JASO | JA Solar June volatility elevated at 126, shares at 14-month high
Subscribe for More Information | | | 10:29 EDT |  | TSL, FSLR | Solar channel checks don't support bullishness of stocks, says Raymond James
Raymond James said feedback from solar channel checks rare is not as enthusiastic as excessive bullishness being exhibited by the stocks. First, the firm said European purchases of Chinese modules have dried up due to industry speculation of an upcoming EU tariff ruling; second, feedback suggests U.S. project developers are capital constrained; and third, there is a lack of industry rationalization. | | |
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