New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 22, 2012
17:00 EDTATRI, HSTM, GRMN, CETV, MGM, CHS, FIRE, TOL, DELLOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as the market took a breather from its steady move higher so far this year. The open was slightly lower following a weak pre-market session by the futures. The weakness was attributed to concerns over whether Greece could adhere to its austerity measures over the medium term, as well as disappointing manufacturing data from Europe and China. The market moved to its lowest levels of the session near mid-day, following statements by the Obama administration that corporate tax rates would be reduced but that interest would be taxed as ordinary income. The market quickly found a level where it sat for a couple of hours before moving back towards the flat line. There was little in the way of catalysts to move the buyers off the sidelines, as the domestic economic calendar remained quiet and there were few headlines of note from Europe... ECONOMIC EVENTS: Domestically, existing home sales rose by 4.3% in January, but the prior month's growth rate was revised lower. The resulting annual sales rate of 4.57M homes sold was down slightly from the annual rate of 4.61M reported a month ago. Also of note was a proposal from the Obama administration to cut the maximum U.S. corporate tax rate to 28% from 35% while eliminating many existing tax loopholes. Internationally, a euro zone composite PMI and a separate Chinese PMI reading both came in at 49.7, indicating contraction... MARKET NEWS: Dell (DELL) fell about 6% in heavy trading as it was downgraded to Neutral from Buy at Citigroup following its Q4 report. Citi cited weakening prospects for additional margin expansion and lowered its price target in the name to $19 from $20... Among others reporting earnings, winners included Chico's FAS (CHS) and Garmin (GRMN); losers included Toll Brothers (TOL) and MGM Resorts (MGM)... MAJOR MOVERS: Notable gainers included Healthstream (HSTM), up $5.21, or 30.05%, to $22.55, and SourceFire (FIRE), up $9.36, or 26.13%, to $45.18, following their earnings reports. Noteworthy losers included Central Euro Media (CETV), down $1.55, or 18.24%, to $6.95, and Newfield Exploration (NFX), down $5.37, or 12.71%, to $36.88, after disappointing quarterly results... INDICES: The Dow fell 27.02, or 0.21%, to 12,938.67; the Nasdaq slid 15.40, or 0.52%, to 2,933.17; and the S&P 500 dropped 4.55, or 0.33%, to 1,357.66.
News For DELL;CHS;GRMN;TOL;MGM;HSTM;FIRE;CETV;ATRI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 21, 2014
10:42 EDTGRMNOptions with increasing implied volatility: VNET GRMN
07:30 EDTCHSChico's FAS December volatility elevated into Q3 and outlook
Chico's FAS Devices December call option implied volatility is at 43, January is at 38, February is at 31; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 25.
November 20, 2014
13:15 EDTGRMNRaymond James says an outright sale of Garmin is unlikely
Subscribe for More Information
10:37 EDTGRMNOptions with increasing implied volatility
Subscribe for More Information
07:27 EDTGRMNGarmin volatility elevated
Garmin November call option implied volatility is at 40, December is at 35; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement.
November 19, 2014
13:16 EDTGRMNGarmin is an unlikely acquisition target, says Citigroup at Citigroup
Subscribe for More Information
11:32 EDTGRMNGarmin calls active on takeover speculation
Garmin November 57.5 and December 60 calls are active on total call volume of 8,100 contracts (500 puts) on takeover speculation. November call option implied volatility is at 36, December is at 34; compared to its 26-week average of 29 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:23 EDTGRMNRumor: Garmin strength attributed to takeover speculation
Shares of Garmin (GRMN) are moving higher on speculation Honeywell (HON) has approached the company.
November 18, 2014
07:29 EDTMGMDeutsche Bank to hold a conference
Subscribe for More Information
November 14, 2014
17:13 EDTMGMAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:52 EDTCHSGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
November 13, 2014
14:05 EDTMGMNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
Subscribe for More Information
08:56 EDTMGMMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
Subscribe for More Information
07:18 EDTTOLUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
November 11, 2014
07:49 EDTCHSBofA/Merrill retail and consumer analysts hold analyst/industry conference call
Subscribe for More Information
November 10, 2014
15:43 EDTDELLAmerican Petroleum Institute to hold a conference
Subscribe for More Information
14:38 EDTMGMT. Rowe Price reports 10.7% passive stake in MGM Resorts
Subscribe for More Information
07:10 EDTTOLToll Brothers reports preliminary Q4 revenue $1.35B, consensus $1.31B
Toll Brothers Q4 total revenues of $1.35B and 1,807 units increased 29% in dollars and 22% in units, compared to 4Q13 results of $1.04B and 1,485 units. The average price of homes delivered was $747,000, compared to $732,000 in Q3 and $703,000 in 4Q13. net signed contracts of $970.2M and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth-quarter net signed contracts of $839.0M and 1,163 units. The average price per unit of net contracts signed in Q4 was $757,000, compared to $717,000 in Q3 and $721,000 in 4Q13. On a per-community basis, Q4 net signed contracts were 5.01, compared to 4Q13 totals of 5.17, 4.86 in 4Q12, 3.04 in 4Q11 and 2.94 in 4Q10.

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