New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 12, 2013
12:49 EDTUNS, ORCL, IAG, BA, JDSU, LULU, XLS, ANF, MHK, FB, ADS, TEROn The Fly: Midday Wrap
Stocks on Wall Street were lower again at midday, as the averages appear to be continuing their "good economic news is bad news" trend. Stocks began the session in positive territory, as the initial reaction was to push the market higher following jobless claims data and retail sales figures. However, concern over when the Fed would begin its tapering again kept the market from gaining any upside momentum. Early in the session the averages slipped into negative ground, where they remained near midday. ECONOMIC EVENTS: In the U.S., jobless claims rose to 368K last week from 300K in the week before, which was higher than the consensus forecast of 325K. Retail sales rose 0.7% in November, versus the expected increase of 0.6%. The core reading, which excludes autos and gas, was up 0.6%, beating the expected increase of 0.3%. Business inventories rose 0.7% in October, versus consensus of 0.3% for the month. COMPANY NEWS: Facebook (FB) shares gained about 3.5% after it was announced that the social network's stock will join the S&P 500 after the market close next Friday, December 20, replacing Teradyne (TER). Also joining the S&P 500 on the same date will be Alliance Data Systems (ADS) and Mohawk Industries (MHK), to replace JDSU (JDSU) and Abercrombie & Fitch (ANF)... Shares of Oracle (ORCL) declined 2.5% near midday after both Morgan Stanley and RBC Capital downgraded their ratings on the stock. MAJOR MOVERS: Among the notable gainers was defense and technology contractor Exelis (XLS), up almost 7% near midday after the company last night announced plans to spin-off its military and government services business into a separate publicly traded company and was selected by Boeing (BA) to produce composite airframe substructures for the 787 Dreamliner. Also higher were shares of UNS Energy (UNS), which gained 28% after the utility agreed to be acquired by Canada's Fortis for $60.25 per share. Among the noteworthy losers was lululemon (LULU), down nearly 11% after the yoga apparel maker reported third quarter results that were slightly better than expected, but gave a fourth quarter profit and sales view that disappointed. Also lower were shares of IAMGOLD (IAG), which fell 10% after the gold miner announced last night that it will suspend its dividend until further notice. INDEXES: Near midday, the Dow was down 118.51, or 0.75%, to 15,725.02; the Nasdaq was down 7.45, or 0.19%, to 3,996.36; and the S&P 500 was down 8.19, or 0.46%, to 1,774.03.
News For FB;TER;ADS;MHK;ANF;JDSU;ORCL;XLS;BA;UNS;LULU;IAG From The Last 14 Days
Check below for free stories on FB;TER;ADS;MHK;ANF;JDSU;ORCL;XLS;BA;UNS;LULU;IAG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
April 9, 2014
09:20 EDTANFBofA/Merrill's retail analysts hold an analyst/industry conference call
Subscribe for More Information
08:59 EDTFBFacebook shares should be bought into Q1 results, says SunTrust
Subscribe for More Information
08:58 EDTFBFacebook ad-driven beat story should continue, says Susquehanna
Subscribe for More Information
07:37 EDTFBFacebook partner says ad prices up 10% in Q1, Adweek says
Despite the recent outcry over diminished “organic reach,” Facebook ad prices have increased from Q4 to Q1, with the SVP of marketing at Facebook partner Nanigans saying pricing was "up 10% across the board” from quarter to quarter, reported Adweek. Reference Link
07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
07:15 EDTFBJPMorgan sees opportunities in Internet stocks after pullback
JPMorgan believes the recent sell-off in Internet stocks has created opportunities in companies it feels has strong fundamentals, namely Facebook (FB), Priceline (PCLN), Netflix (NFLX) and Pandora (P).
07:08 EDTIAGIAMGOLD updates activities at Pitangui, Brazil, and Boto Gold, Senegal, projects
Subscribe for More Information
06:54 EDTFBIndia Facebook's second top market with over 100M users, FT says
Facebook confirmed that more than 100M people in India now access its services each month, which is up from just 8M in the middle of 2010 and makes the nation the second top market for the social network, trailing only the U.S., reported Financial Times. Reference Link
06:03 EDTFBFacebook making slight changes to privacy settings, Re/code reports
Re/code reports that Facebook is slightly tweaking its privacy settings in a move to minimize "accidental sharing incidents." The company is also testing privacy surveys to see which features users are not comfortable with. Reference Link
April 8, 2014
16:21 EDTFBOn The Fly: Closing Wrap
Subscribe for More Information
09:00 EDTFBCLSA social media analysts hold an analyst/industry conference call
Subscribe for More Information
08:03 EDTORCLOracle management to meet with Deutsche Bank
Subscribe for More Information
07:34 EDTADSAlliance Data business signs agreement with Diamond Distributors
Subscribe for More Information
07:28 EDTFBFour Internet stocks attractive after pullbacks, says Stifel
Subscribe for More Information
07:28 EDTFBSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
April 7, 2014
17:43 EDTORCLFour Oracle insiders sold $69.5M in stock, Barron's says
Subscribe for More Information
13:10 EDTLULUlululemon weekly volatility elevated into Analyst Day
Subscribe for More Information
12:21 EDTBABoeing now sees completing C-17 production in mid-2015
Boeing adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world's premier airlifter.Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013. Boeing expects inventory–related charges of approximately $50M, which will be recorded in Q1, as a result of this announcement.
09:00 EDTORCLOracle management to meet with Deutsche Bank
Subscribe for More Information
07:38 EDTLULUlululemon reiterated as a Buy ahead of Analyst Day at Topeka
Topeka expects lululemon's April 17 Analyst Day to be a "very positive" event and reiterates its Buy rating and $70 price target ahead of the event. The analyst said the new CEO is on a marketing offensive as the store base expands worldwide and new heads of merchandising and sourcing are working to maintain a high quality, innovative product.
1 | 2 | 3 | 4 | 5 | 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