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Stock Market & Financial Investment News

News Breaks
May 2, 2012
06:12 EDTGS, MSFT, GM, LMT, MMI, FBOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Facebook's (FB) $3B a year advertising business revolves around convincing marketers to buy new forms of ads to create buzz around their brands, but some major advertisers wonder if they're getting their money's worth, the Wall Street Journal reports...The uncertainty surrounding coming Pentagon budget cuts could set off a new round of defense industry consolidation, says Christopher Kubasik, the next CEO of Lockheed Martin (LMT), the Wall Street Journal reports...For assets that could barely be given away until recently, refineries are getting an unusual amount of interest, the Wall Street Journal reports...REUTERS: A German court ruled that Microsoft (MSFT) infringed Motorola Mobility's (MMI) patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the German market, Reuters reports...GM (GM) had proposed taking a controlling stake of more than one-third in Isuzu Motors, worth about $3B, but now seeks a smaller holding after the Japanese truck maker said it wanted to remain independent, sources say, Reuters reports...BLOOMBERG: Oil fell from the highest level in five weeks as growing crude stockpiles in the U.S. and uncertainty before elections in three European countries raised concern that global demand may weaken, Bloomberg reports...Goldman Sachs (GS) said a proposed Federal Reserve rule that seeks to limit links between banks could lower U.S. economic growth by as much as 0.4 percentage point and eliminate up to 300,000 jobs, Bloomberg reports.
News For FB;LMT;MSFT;MMI;GM;GS From The Last 14 Days
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January 26, 2016
12:01 EDTFBFANG shares are all trading lower with elevated option implied volatility
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11:28 EDTLMTLockheed Martin expects F-35 fighter output to grow to 60 in 2016, 100 by 2018
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11:13 EDTFB, MSFTActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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11:12 EDTLMTLockheed Martin expects 53 F-35 fighter jet deliveries in 2016
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11:09 EDTLMTLockheed Martin sees new interest in search and rescue helicopters
11:07 EDTLMTLockheed Martin says increase in DoD budget shows need to respond in environment
11:06 EDTLMTLockheed Martin plans to adjust financial outlook when spin-off closes
Comments taken from Q4 earnings conference call.
11:01 EDTLMTLockheed Martin sees 2017 and beyond sales growth rate to be higher
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10:52 EDTFBStocks with call strike movement; SNDK FB
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10:34 EDTMSFTBattleground: BofA says sell NetSuite, DA Davidson still bullish
Over the last two days, analysts have issued mixed views on NetSuite (N), with Bank of America Merrill Lynch and Stephens downgrading the shares, while research firm DA Davidson argued in its own note to investors that the company should report better than expected fourth quarter results on January 28. NetSuite develops cloud based financial and enterprise resource planning, or ERP, tools for businesses. BEARISH TAKE: Bank of America Merrill Lynch analyst Kash Rangan downgraded NetSuite to Underperform, the firm's equivalent of a sell rating, from Neutral today. The company has increased its sales force by about 40%, but its billings are accelerating by only about 30%, the analyst stated. Moreover, NetSuite's operating margins are expected to come in at only about 4% in 2016, making it difficult for investors to value the stock on a price to earnings or enterprise value to free cash flow basis, Rangan believes. The stock may face obstacles if its billings growth doesn't accelerate significantly or if its operating margin doesn't increase to 10%-12%, Rangan wrote. Meanwhile, the company is facing tough competition from Microsoft (MSFT) in the mid-market and from other players at the lower end, according to the analyst, who cut his price target on the name to $80 from $95. Also writing that NetSuite is facing increased competition, Stephens analyst Alex Zukin yesterday downgraded the stock to Equal Weigh from Overweight. These competitive pressures along with changes to the company's organizational structure, the loss of a number of its "marquee" customers, and its premium valuation, led to the downgrade, Zukin stated. He slashed his price target on the stock to $75 from $100. BULLISH TAKE: NetSuite's Q4 results should beat expectations, with revenue coming in at $207.6M, above the company's guidance range of $202M-$205M and the consensus outlook of $204.4M, predicted DA Davidson analyst Jack Andrews. The company will report EPS of 5c, versus the consensus outlook of 4c, estimated Andrews. NetSuite can continue to increase its market share at the expense of mid-tier ERP vendors, believes the analyst, who reiterated a $130 price target and Buy rating on the shares. WHAT'S NOTABLE: In the same note to investors this morning, Merrill Lynch's Rangan also downgraded Paylocity (PCTY) and Marketo (MKTO) to Underperform from Neutral and it cut his rating on Red Hat (RHT) to Neutral from Buy. Paylocity provides payroll and human capital management software to medium businesses, while Marketo provides cloud-based marketing tools and Red Hat provides open source software solutions. PRICE ACTION: In early trading, NetSuite fell 3.6% to $65.45.
09:32 EDTFB, MSFT, GMActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
08:26 EDTFB, MSFTTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
07:44 EDTFBStreet margin outlook for Amazon continues to be too low, says Bernstein
Bernstein says that Amazon's (AMZN) margins are poised to beat Street expectations, and the firm's 2016 and 2017 EBITDA estimates for the company are about 17% above Street levels. The firm is more upbeat on Amazon than on Alphabet (GOOG, GOOGL) and Facebook (FB)
07:10 EDTLMTLeidos confirms agreement to combine with Lockheed Martin units
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07:07 EDTLMTLockheed Martin reports Q4 Aeronautics sales $4.38B
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07:06 EDTLMTLockheed Martin sees FY16 EPS $11.45-$11.75
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07:04 EDTLMTLockheed Martin reports Q4 EPS $3.01, consensus $2.92
Reports Q4 revenue $12.9B vs. $12.5B last year. Fourth quarter 2015 net earnings included a special charge for workforce reductions of $67 million, which decreased net earnings $44 million, or $0.14 per share; and non-recoverable transaction costs of $45 million associated with the acquisition of Sikorsky Aircraft Corporation and the Corporation's strategic review of its government IT and technical services businesses, which decreased net earnings $28 million, or $0.09 per share. These costs were offset by the recognition of a full-year U.S. research and development tax credit resulting from the enactment of tax legislation in the fourth quarter of 2015, which increased net earnings $71 million, or $0.23 per share. Fourth quarter 2014 net earnings included a special charge for a non-cash goodwill impairment of $119 million, which decreased net earnings $107 million, or $0.33 per share, partially offset by the recognition of a full-year R&D tax credit due to the temporary reinstatement of the R&D tax credit in the fourth quarter of 2014, which increased earnings $45 million, or $0.14 per share.
07:03 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
Lockheed Martin (LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders. The agreement aims to align IS&GS's business with an industry leader in government IT and technical services, creating an enterprise capable of providing unparalleled solutions in industries from national security to health and life sciences. Subject to regulatory approvals, the $5B transaction includes a $1.8B one-time special cash payment to Lockheed Martin, which the Corporation intends to use to repay debt, pay dividends, and/or repurchase its stock. The cash payment is subject to adjustment on the terms set forth in the transaction documents. Lockheed Martin stockholders will receive approximately 50.5% of the outstanding equity of Leidos on a fully diluted basis with an estimated value of $3.2B. Leidos' existing shareholders will continue to hold the remaining approximately 49.5% of the outstanding shares of Leidos. The transaction structure, which is subject to market conditions, is currently contemplated to be a tax-efficient split-off transaction, which would result in a decrease in Lockheed Martin share count. The transaction is also subject to Leidos shareholder approval and completion of customary conditions, including receipt of opinions of tax counsel. The transaction is expected to close in the third or fourth quarter of 2016. Until closing, IS&GS will continue to operate as a business segment of the Corporation.
07:02 EDTLMTLockheed Martin to separate and combine IT/tech service units with Leidos
06:29 EDTLMTPoland 'very likely' to cancel $3B Airbus deal, Reuters reports
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