New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 28, 2014
17:13 EDTALXN, AAPL, FB, BIIB, MSFT, VRTX, CMarket ends week mixed as Nasdaq continues to lag
Stocks on Wall Street finished the week mixed as the tech-heavy Nasdaq continued to lag the S&P 500 and Dow, while the situation in Ukraine appeared to impact trade in U.S. markets less than in previous weeks. MACRO NEWS: U.S. durable goods orders for February and weekly jobless claims beat expectations, while fourth quarter GDP, new home sales for February, and an index of consumer confidence were roughly in-line with expectations... The world continued to keep an eye on the situation in Ukraine, with Western leaders saying this week that they will look to intensify economic sanctions against Russia. However, for this week at least, the geopolitical situation did not seem to move markets as much as it had in recent weeks... Investors also continued to monitor the apparent the economic slowdown in China, with Manufacturing PMI data coming out of that country to start this week missing expectations. COMPANY NEWS: Facebook (FB) again made headlines for a major acquisition, with the social network on Tuesday night announcing it acquired virtual reality technology firm Oculus VR for about $2B in cash and stock. Shares of the social network, which have had a tough month amid broad weakness in the Nasdaq, finished the week down about 10% at $60.01... Citigroup (C) shares fell about 6% after the bank's 2014 capital plan was rejected by the Federal Reserve, which spurred downgrades from a number of analyst firms. Citigroup had been seeking to raise its dividend to 5c from 1c per share, as well as repurchase $6.4B of its common stock. The bank will be permitted to continue with its current capital actions through the first quarter of 2015, which include a 1c dividend and a $1.2B share repurchase program... New Microsoft (MSFT) CEO Satya Nadella made his first public appearance as the company's CEO, announcing the launch of its Microsoft Office suite for Apple's (AAPL) iPad at an event... A number of biotech stocks, including Vertex Pharmaceuticals (VRTX), down 8%, Biogen (BIIB), down 7.5%, and Alexion Pharmaceuticals (ALXN), down 6.5%, were notably weak as the sector, and the broader tech-heavy Nasdaq, continued to underperform. INDEXES: The Dow gained 0.1% to close at 16,323.06, the S&P 500 lost 0.5% to close at 1,857.62, and the Nasdaq fell 2.8% to close at 4,155.76.
News For FB;C;MSFT;AAPL;VRTX;BIIB;ALXN 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 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>
May 14, 2015
06:29 EDTAAPLApple Music to have deep social integration for artists, 9to5Mac reports
Subscribe for More Information
06:17 EDTAAPLApple plans expansion of key Irish plant, Irish Independent reports
Subscribe for More Information
06:16 EDTAAPLApple and A123 prepare to settle employee-poaching lawsuit, WSJ reports
Subscribe for More Information
May 13, 2015
16:06 EDTFB, AAPLOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
16:01 EDTMSFTMicrosoft blog post refrains from using 'Windows Phone' branding
Subscribe for More Information
15:04 EDTMSFTEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
13:15 EDTAAPLInquirer discusses recent Apple for BlackBerry takeover rumors
Subscribe for More Information
10:01 EDTMSFTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:39 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:59 EDTCEasterly Government Properties names Meghan Baivier as COO
Easterly Government Properties (DEA) announced that Meghan Baivier has been named EVP and COO, effective May 12. Baivier will be responsible for overseeing the alignment of the firmís growth strategy and financial goals with operations, capital markets and finance activities. Prior to joining Easterly Government Properties, Baivier served as VP of Citigroupís (C) Real Estate and Lodging Investment Banking group.
08:21 EDTFBFormer FCC chairman hired by Facebook to manage access efforts, Bloomberg says
Kevin Martin, the former chairman of the FCC who has been consulting for Facebook the past two years, is joining on a permanent basis as the company's VP for mobile and global access policy, reported Bloomberg. Facebook also announced that Chief Privacy Officer Erin Egan will start serving a dual role as VP of U.S. Public Policy, the report added. Reference Link
07:52 EDTAAPLApple Watch margins will grow to over 50%, says UBS
Subscribe for More Information
07:32 EDTBIIBBiogen names Matt Griffiths as CIO
Subscribe for More Information
07:29 EDTCUBS to hold a conference
Subscribe for More Information
07:19 EDTVRTXVertex shares should have upward momentum in near-term, says JMP Securities
Subscribe for More Information
07:03 EDTAAPLNext iPhone to feature 12 MP camera, be offered in rose gold, AppleInsider says
For its next iPhone 6 model, Apple will offer a new rose gold option, according to KGI Securities analyst Ming-Chi Kuo, who did not make clear whether the luxury model would be made of actual gold or if it will simply resemble the color of the high-end Apple Watch Edition, reported AppleInsider. Kuo also said Apple will upgrade the camera to 12 megapixels and suggested that some "Plus" models may use scratch-resistant sapphire covers, though that is dependent on success in testing, the report added. Reference Link
06:55 EDTAAPLInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
Subscribe for More Information
06:07 EDTMSFTMicrosoft upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Microsoft to Buy saying weak PC market sentiment is priced into the stock at current levels while Azure and Office 365 optimism is "just starting" to take hold. The analyst sees more positive than negative catalysts and raised his price target for Microsoft shares to $55 from $44. Shares of the computing giant closed yesterday down 2c to $47.35.
05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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