New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:38 EDTHZNP, ORCL, OWW, FDX, RENN, FSLROn The Fly: Midday Wrap
Stocks on Wall Street were virtually unchanged at midday as investors await the latest rate decision and associated policy updates from the Federal Reserve. The market spent the morning consolidating its recent gains and stocks moved in a very narrow range since the open. Rates are expected to remain the same and Treasury purchases are expected to be reduced again. Investors and analysts will be paying close attention to the accompanying statement and press conference for clues as to any change in monetary policy. ECONOMIC EVENTS: In the U.S., the fourth quarter current account deficit narrowed to $81.1B, which lower than expected and down from a revised Q3 deficit of $96.4B. Investors await the FOMC meeting announcement, due at 2:00 pm ET, to be followed by Fed Chairwoman Janet Yellen’s press conference at 2:30 pm ET. COMPANY NEWS: Delivery giant FedEx (FDX) reported lower than expected third quarter revenue and earnings per share and lowered its FY14 outlook. Shares were down in pre-market trading but have bounced back to be up just slightly near midday as investors appear to be attributing the earnings miss to the severe winter weather, as the company explained... Another giant corporation, Oracle (ORCL), reported headline earnings and revenue for its last quarter than missed consensus expectations and its shares were down about 1% in midday trading. However, analysts at firms including Wells Fargo, Susquehanna and Stifel argued Oracle's underlying results were better than the headlines and contended the weakness was a buying opportunity. MAJOR MOVERS: Among the notable gainers was Horizon Pharma (HZNP), which advanced 14% after agreeing to buy Vidara Therapeutics through a reverse merger for stock and cash valued at about $660M to create a new company that will be organized under the laws of Ireland. Also higher was First Solar (FSLR), which jumped 14% after the company gave an earnings outlook for the current fiscal year that missed expectations but also guided to significantly better than expected earnings next fiscal year. Among the noteworthy losers after its earnings report was Renren (RENN), which operates a real name social networking Internet platform in China. The company's headline earnings beat the consensus forecast, but that was primarily due to a gain from the deconsolidation of its subsidiaries, and its shares dropped 10% following the report. Also lower was online travel company Orbitz Worldwide (OWW), which fell 9% after Goldman downgraded the stock to a Sell rating from Neutral. INDEXES: Near midday, the Dow was down 5.81, or 0.04%, to 16,330.38, the Nasdaq was down 4.41, or 0.1%, to 4,328.90, and the S&P 500 was down 0.52, or 0.03%, to 1,871.73.
News For FDX;ORCL;FSLR;OWW;HZNP;RENN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
April 20, 2015
07:50 EDTFDXFedEx management to meet with Deutsche Bank
Meetings to be held in Memphis/Toronto on April 20 hosted by Deutsche Bank.
April 17, 2015
13:02 EDTFSLRSouthern Company announces five solar projects in three states
Subscribe for More Information
07:28 EDTHZNPHorizon Pharma price target raised to $38 from $31 at Piper Jaffray
Subscribe for More Information
07:11 EDTHZNPHorizon Pharma Q1 results to beat expectations by wide margin, says Stifel
Stifel believes that Horizon Pharma is benefiting from strong prescription trends, and the firm says its view was bolstered by an update on prescriptions that the company gave earlier this week. Stifel raised its price target on the stock to $40 from $30 and keeps a Buy rating on the shares.
07:03 EDTHZNPHorizon Pharma receives Notice of Allowance from USPTO for Pennsaid
Subscribe for More Information
05:51 EDTHZNPStocks with implied volatility movement; ALU HZNP
Subscribe for More Information
April 16, 2015
15:44 EDTORCLCSC holding 'loose' deal talks, not running formal process, dealReporter says
Subscribe for More Information
11:07 EDTFDXBoeing reports one new order in weekly update
Subscribe for More Information
09:18 EDTHZNPOn The Fly: Pre-market Movers
Subscribe for More Information
09:05 EDTFSLRSouthern Company subsidiary acquires California solar project
Subscribe for More Information
April 15, 2015
18:51 EDTHZNPHorizon Pharma 15.35M share Secondary priced at $28.25
Subscribe for More Information
06:52 EDTFSLRJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 14, 2015
09:37 EDTFDXPlug Power says FedEx rolling out GenDrive powered cargo tuggers
Subscribe for More Information
07:10 EDTFDXAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
April 13, 2015
19:18 EDTHZNPOn The Fly: After Hours Movers
Subscribe for More Information
16:45 EDTHZNPHorizon Pharma says Duexis prescriptions up 42% in first 12 weeks of 2015
Subscribe for More Information
16:03 EDTHZNPHorizon Pharma files to sell 12M shares of common stock
Citigroup, Jefferies LLC, Cowen and Company, LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for this offering.
13:59 EDTFSLRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
12:42 EDTORCLFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
Subscribe for More Information
April 12, 2015
13:45 EDTFDXUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link
1 | 2 | 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