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News Breaks | | | | May 9, 2012 | | 12:38 EDT |  | PCS, SODA, DIS, CQB, BBBY, TM, DTEGY, CPWM, M, DVAX | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, but the major averages were well off the lows seen about an hour into trading. The market is down for the sixth consecutive session, its longest losing string of the year. The weakness is being attributed to concern about the fate of the euro zone as a new leader takes over in France and Greece struggles to form a government and may need to hold another round of elections. The past several sessions have seen the market open lower but rally during the later hours of the session to reduce the day's losses. So far today that trend is continuing as the averages have recovered significantly from their worst levels... 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. A Reuters report, citing EU sources, said the EU is more likely than not to agree to the latest EUR 5.2B bailout payment due tomorrow to Greece from the EFSF bailout fund, which may have contributed to a late morning rally seen here in the States... COMPANY NEWS: Disney (DIS) shares gained over 2% after its earnings beat expectations, while Macy's (M) slid more than 3% in spite of earnings that also came in above consensus... Toyota (TM) reported a surge in its Q4 net income and forecast a doubling of profits in the current fiscal year, sending its stock up more than 3%... MAJOR MOVERS: Among the notable gainers were SodaStream (SODA), up over 26%, after it reported much stronger than expected results and boosted its 2012 guidance, and Cost Plus (CPWM), up about 22%, after agreeing to be acquired by Bed Bath & Beyond (BBBY) for $22 per share. Also higher were shares of MetroPCS (PCS), up about 19%, after Bloomberg reported Deutsche Telekom (DTEGY) was said to be in talks with the company on a potential T-Mobile deal. Noteworthy losers included Chiquita Brands (CQB), down 32%, after its earnings fell short of consensus and it warned that it sees 2012 continuing to be "a challenging year," and Dynavax (DVAX), down more than 22%, after pricing 17.5M shares at $4.25 in a secondary stock offering... INDICES: Near 12:30 pm ET, the Dow was down 98.05, or 0.76%, to 12,834.04; the Nasdaq was down 17.19, or 0.58%, to 2,929.08; and the S&P 500 was down 9.58, or 0.70%, to 1,354.14. | |
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News For DIS;M;TM;SODA;CPWM;BBBY;PCS;DTEGY;CQB;DVAX From The Last 14 Days Check below for free stories on DIS;M;TM;SODA;CPWM;BBBY;PCS;DTEGY;CQB;DVAX the last two weeks. |
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| May 19, 2013 | | 18:10 EDT |  | DTEGY | Falling prices in European telecom stocks give value to investors, Barron's says
 Subscribe for More Information | | | 16:41 EDT | | DIS | Viacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
Subscribe for More Information | | | May 17, 2013 | | 15:51 EDT | | DIS | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT |  | DIS | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 06:23 EDT |  | DIS | Disney downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information | | | May 16, 2013 | | 13:46 EDT | | DIS | Disney's ESPN acquires rights to tennis' U.S. Open beginning 2015
Subscribe for More Information | | | 12:07 EDT |  | SODA | Options with increasing implied volatility: INFI WCRX SODA LYV HYG
| | | 10:03 EDT | | SODA | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 09:19 EDT | | SODA | On The Fly: Pre-market Movers
Subscribe for More Information | | | 05:42 EDT | | SODA | SodaStream downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded SodaStream citing valuation and raised its price target for shares to $68 from $56. | | | | May 15, 2013 | | 19:59 EDT | | DIS | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 16:24 EDT | | M | On The Fly: Closing Wrap
Subscribe for More Information | | | 15:34 EDT |  | M | Macy's price target raised to $54 from $46 at Credit Suisse
Subscribe for More Information | | | 12:28 EDT | | M | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:11 EDT | | M | Macy's sees Q2 sales down less than previously thought
Although Macy's sees Q2 sales down sequentially, the company now sees less of a difference than previously thought. On the Q1 earnings call the CFO said, "I would add though that while we still expect Q2 sales to fall below that in Q1, we now expect the spread between the first and second quarters to be by less than the 200-300 basis points we had mentioned in February. We believe we will get a benefit in the second quarter as the weather finally begins to get warmer." | | | 10:49 EDT | | DIS | Senator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link | | | 09:23 EDT |  | M | Macy's hits a new life high after results, levels to watch
Subscribe for More Information | | | 09:19 EDT | | M | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:05 EDT |  | M | Macy's affirms view of FY13 EPS $3.90-$3.95, consensus $3.92
Subscribe for More Information | | | 08:04 EDT | | M | Macy's raises dividend to 25c from 20c, ups buyback authorization by $1.5B
Macy’s board of directors has authorized an increase in the quarterly dividend on Macy's common stock to 25c per share from the current 20c per share. The new dividend will be payable July 1 to shareholders of record at the close of business on June 14. The board also has increased the company’s share repurchase authorization by $1.5B. This brings the remaining authorization outstanding, as of the end of the first quarter on May 4, after giving effect to this increase, to approximately $2.6B. | | |
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