New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 9, 2012
16:59 EDTPCS, M, CQB, RBGPY, DIS, DTEGY, DF, AVP, MELIOn The Fly: Closing Wrap
Stocks on Wall Street were down for the day. Stock futures were lower in early trading leading to a sharply lower open for the broader market. The weakness was attributed to continuing concern over Europe's debt crisis and political events in Greece. The averages began the day down roughly 1% but began to reverse their course following a report that Europe’s bailout fund will pay the next installment of aid to Greece, which was later confirmed by the EFSF. The averages briefly turned mixed in the afternoon but were unable to make the trip all the way back into the green to break the market's losing streak… ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.3% in March, versus the expected increase of 0.6%. In Europe, Spanish 10-year bond yields rose above 6% and more reports indicated that efforts to form a new government in Greece were expected to fail, putting the country's bailout deal in doubt and renewing concerns about Greece intentionally exiting or being forced off the euro. However, the EFSF stated that it would approve the latest bailout payment due to Greece in spite of the ongoing political dealings... COMPANY NEWS: Disney (DIS) shares gained nearly 2% after its earnings beat expectations, while Macy's (M) slid almost 4% in spite of earnings that also came in above consensus... Meanwhile, Avon Products' (AVP) shares were up 9.26% after JAB Holdings, which owns Coty, sold a substantial portion of its stake in Reckitt Benckiser (RBGPY) in order "to raise cash for other investment opportunities, including Avon… MAJOR MOVERS: Among the notable gainers were MetroPCS (PCS), up $0.94, or 14.33%, to $7.50, after Bloomberg reported that Deutsche Telekom (DTEGY) was in talks with the company on a potential T-Mobile deal, and Dean Foods (DF), up $1.43, or 11.24%, to $14.15, after reporting a rise in Q1 profits of nearly 50% and raising both the company’s Q2 and FY12 EPS view. Noteworthy losers included Chiquita Brands (CQB), down $2.32, or 28.93% to $5.70, after its earnings fell short of consensus and it warned that it sees 2012 continuing to be "a challenging year," and Mercado Libre (MELI), down $10.91, or 12.40%, to $77.08, after reporting disappointing Q1 revenues... INDICES: The Dow lost $97.03, or 0.75%, to $12,835.06; the Nasdaq fell $11.56, or 0.39%, to $2,934.71; and the S&P 500 dropped $9.14, or 0.67%, to $1,354.58.
News For DIS;M;AVP;RBGPY;PCS;DF;CQB;MELI;DTEGY 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 | all recent news | >>
May 14, 2015
11:39 EDTAVPPTG Capital submits offer to acquire Avon Products for $18.75 per share
11:38 EDTAVPAvon Products halts for volatility after PTG Capital reportedly makes offer
Subscribe for More Information
May 13, 2015
16:23 EDTMOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
12:39 EDTMOn The Fly: Top stock stories at midday
Subscribe for More Information
11:41 EDTDISDisney CFO says gas prices have 'zero bearing' on park attendance
Disney CFO Jay Rasulo is speaking at the MoffettNathanson Media & Communications Summit.
10:34 EDTMMacy's falls after earnings disappoint, levels to watch
Shares had bounced from the open, but have resumed their downside slide with price last at $63.59, down over 2.5%. At current price support is at $62.36. The $62 area has been important support for the shares since November of last year. Resistance is at $64.44.
09:57 EDTMMacy's sees Q2 comps positive, but not reaching 2% annual guidance
Subscribe for More Information
09:56 EDTMEquity options with increasing volume
Subscribe for More Information
09:49 EDTMMacy's sees Bluemercury breakeven to EPS this year
09:31 EDTMMacy's CFO says studying real estate transactions closely
Says hasn't yet seen real estate deal that makes sense.
09:21 EDTMOn The Fly: Pre-market Movers
Subscribe for More Information
09:20 EDTMMacy's CFO says expects Q2 EPS below last year
Subscribe for More Information
09:08 EDTMMacy's CFO says 'still comfortable' with guidance for FY15
CFO Karen Hoguet says "disappointed but not discouraged" in Q1 results. Says still comfortable with guidance for FY15. Says sales from international tourists "down significantly," cites strong dollar. Says tourism sales fell double digits in Q1, sees continued decline in tourism at least through summer. Says weather "clearly played a role" in Q1 results. Comments made on the Q1 earnings conference call. Macy's is down 1.04% in pre-market trading.
08:08 EDTMMacy's drops 2% after Q1 earnings miss expectations
08:06 EDTMMacy's reports Q1 comparable sales on owned plus licensed basis down 0.1%
Subscribe for More Information
08:05 EDTMMacy's boosts dividend 15% to 36c, raises share buyback authorization by $1.5B
Subscribe for More Information
08:03 EDTMMacy's reiterates FY15 EPS view $4.70-$4.80, consensus $4.75
Macy’s continues to expect comparable sales growth on an owned plus licensed basis of approximately 2% in FY15, with comparable sales slightly lower on an owned basis. The company continues to expect total sales growth of approximately 1%, consensus $28.44B.
08:02 EDTMMacy's boosts dividend 15%, raises share buyback authorization by $1.5B
08:01 EDTMMacy's reports Q1 EPS 56c, consensus 62c
Subscribe for More Information
05:38 EDTDISAlibaba announces partnership with Disney
Subscribe for More Information
1 | 2 | 3 | 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