New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2014
16:45 EDTCONN, PRAA, TSLA, ONTX, WMT, FB, JACK, BBRYOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite mixed economic data and continued volatility in the political situations in Ukraine and Venezuela. The averages opened the session mixed and were all in negative ground by an hour into trading. However, the averages moved upward near mid-morning and powered higher throughout the session, closing near session highs. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 3K to 336K in the week ended February 15, which was generally in-line with expectations. The Consumer Price Index edged up 0.1% in January, as expected, and the core reading excluding food and energy also rose 0.1%. Markit's “flash” Purchasing Managers' Index for February rose to 56.7 from a prior 53.7 reading, beating expectations. The Philadelphia Fed manufacturing business outlook for February fell to -6.3, versus expectations for a much smaller pull back to 8.0 from its prior 9.4 reading. The Leading Index for January rose 0.3%, matching the consensus estimate. In China, factory activity appeared to shrink again in February, as the flash Markit/HSBC Purchasing Managers' Index fell to a seven-month low of 48.3 from January's final reading of 49.5. In Europe, Markit’s composite eurozone PMI fell to 52.7 from 52.9 in January. COMPANY NEWS: Facebook (FB) last night announced that it had agreed to buy mobile messaging service WhatsApp for $16B in cash and stock, with an additional $3B in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years. Facebook shares, which initially sold off after the deal, closed the session up $1.57, or 2.31%, to $69.63. Shares of BlackBerry (BBRY), which has its own Blackberry Messenger messaging service, climbed 34c, or 3.77%, to $9.35 as analysts debated BBM's valuation relative to WhatsApp... Tesla Motors (TSLA) gained $16.33, or 8.43%, to a new all-time closing high of $209.97 after the electric car maker's earnings and 2014 delivery guidance of 35K Model S cars topped estimates... Wal-Mart (WMT) was the Dow's laggard, falling $1.33, or 1.78%, to $73.52 after its earnings guidance for the current quarter and new fiscal year trailed expectations. For the just-completed quarter, the retail giant reported in-line earnings and sales that were just below expectations. Also, the company raised its dividend 2% to $1.92 annually. MAJOR MOVERS: Among the notable gainers was Portfolio Recovery (PRAA), which added $8.92, or 17.67%, to $59.40 after last night announcing a deal to acquire Aktiv Kapital for $880M, a deal analysts at JMP Securities believe will be immediately accretive. Portfolio Recovery also reported earnings that were roughly in-line with expectations. Also higher following a better-than-expected quarterly report was Jack in the Box (JACK), up $4.26, or 7.97%, to $57.73. Among the noteworthy losers was Onconova (ONTX), which plunged $5.07, or 36.58%, to $8.79 after a Phase 3 trial of its rigosertib drug did not meet its primary endpoint. Also lower was Conn's (CONN), which fell $23.91, or 42.85%, to $31.89 after the company issued weaker than expect fourth quarter earnings guidance and lowered its fiscal 2014 and 2015 profit forecasts. INDEXES: The Dow was up 92.67, or 0.58%, to 16,133.23, the Nasdaq was up 29.59, or 0.7%, to 4,267.54, and the S&P 500 was up 11.03, or 0.6%, to 1,839.78.
News For FB;TSLA;BBRY;WMT;PRAA;JACK;ONTX;CONN 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 | all recent news | >>
April 16, 2015
06:33 EDTTSLAToyota engineer says charging electric cars quickly impractical, Reuters says
Charging electric vehicles quickly would place too much pressure on the electricity grid, Yoshikazu Tanaka, chief engineer of Toyota's hydrogen fuel-cell car Mirai, said, according to Reuters. If a car received enough electricity in 12 minutes to travel 310 miles, it would probably consume enough electricity to power 1,000 houses, the news service quoted Tanaka as saying. Prominent makers of electric cars include Tesla (TSLA), Nissan (NSANY), and GM (GM).Reference Link
06:05 EDTWMTFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
Subscribe for More Information
05:58 EDTFBIndian media groups back out of Facebook's Internet.org, Financial Times reports
Subscribe for More Information
April 15, 2015
17:24 EDTJACKJack in the Box initiated with a Neutral at Guggenheim
Subscribe for More Information
09:55 EDTTSLABofA/Merrill U.S. autos analysts hold an analyst/industry conference call
Subscribe for More Information
09:35 EDTTSLAActive equity options trading on open
Subscribe for More Information
06:18 EDTFBApple, Google, others doubling down on European operations, WSJ reports
Subscribe for More Information
06:11 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
April 14, 2015
18:32 EDTWMTCourt rules Wal-Mart can reject shareholder proposal on gun sales, WSJ says
Subscribe for More Information
11:16 EDTFBCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
10:58 EDTFBStocks with call strike movement; FB BABA
Subscribe for More Information
09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:00 EDTFBFacebook price target raised to $80 from $72 at BMO Capital
Subscribe for More Information
08:40 EDTTSLASeveral signs suggest Apple may build a car, says Bernstein
Subscribe for More Information
07:28 EDTFBFacebook remains a top 2015 pick at JPMorgan
Subscribe for More Information
06:28 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
Subscribe for More Information
April 13, 2015
16:01 EDTFB, TSLAOptions Update; April 13, 2015
Subscribe for More Information
09:34 EDTTSLAActive equity options trading on open
Subscribe for More Information
06:02 EDTBBRYBlackBerry implied volatility of 42 at lower end of index mean range
Subscribe for More Information
April 12, 2015
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
Subscribe for More Information
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