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Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:38 EDTFDX, ORCL, FSLR, OWW, HZNP, RENNOn 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
Check below for free stories on FDX;ORCL;FSLR;OWW;HZNP;RENN the last two weeks.
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August 1, 2014
10:28 EDTOWWExpedia advances after results beat expectations, dividend boosted
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July 31, 2014
11:48 EDTHZNPOptions with increasing implied volatility
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11:02 EDTFDXHealthways siged FedEx as customer, says Piper Jaffray
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08:29 EDTORCLOracle acquires TOA Technologies
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July 30, 2014
13:27 EDTRENNRenren up 3% following report of planned sale of video sharing unit
13:26 EDTRENNRenren rumored to sell 56.com to Mango TV, Marbridge Daily says
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July 29, 2014
15:53 EDTFDXFedEx pleads not guilty to unlawful drug shipping charges, Bloomberg says
FedEx entered a plea of not guilty to U.S. federal charges that it delivered controlled substances and misbranded drugs for illegal internet pharmacies, according to Bloomberg. FedEx may face a fine alleged to be at least $820M if found guilty, Bloomberg added. Reference Link
10:00 EDTHZNPOn The Fly: Analyst Downgrade Summary
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07:51 EDTORCLOracle extends expiration date of tender offer for MICROS to August 15
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06:43 EDTHZNPHorizon Pharma downgraded to Neutral from Overweight at Piper Jaffray
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July 28, 2014
16:43 EDTOWWLuxor Capital Group reports 5.4% passive stake in Orbitz
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13:03 EDTHZNPHorizon Pharma shares offer 'significant value,' says Stifel
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12:21 EDTHZNPOn The Fly: Midday Wrap
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09:17 EDTHZNP, FSLROn The Fly: Pre-market Movers
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08:49 EDTORCLOracle to benefit over longer term from shift to cloud, says Pacific Crest
Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.
06:22 EDTHZNPHorizon Pharma said Duexis, Vimovo to be placed on CVS, Express exlclusion lists
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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLRU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 25, 2014
06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 22, 2014
07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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