News Breaks |
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| January 18, 2013 |
| 12:20 EDT |  | PATH, AAPL, GE, COF, LIFE, INTC, STT, FB, MS, FNSR | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, as earnings reports and economic data did little to spur the markets. Shares of Intel (INTC), Apple (AAPL), and Facebook (FB) were all trading lower at midday, weighing on the Nasdaq, while the Dow and S&P sat a bit below the flat-line after both averages touched five-year highs during yesterday's trading... ECONOMIC EVENTS: In the U.S., the preliminary University of Michigan Consumer Confidence reading dropped to 71.3, versus an expected first look reading of 75.0 for January. In Asia, China's GDP grew 7.9% in the final quarter of the year. The late-year rebound led the nation's full year GDP to grow 7.8%, beating analyst consensus of 7.7% and the government's 7.5% target. Also, Japan's stock market surged on increased expectations that the government will take even more aggressive easing steps... COMPANY NEWS: General Electric (GE) reported earnings that were just above Street estimates and a record equipment and services backlog of $210B to end the year, sending shares up almost 3% at midday... Morgan Stanley (MS) also reported earnings that beat consensus estimates, and the company said expenses could decline by about $1.6B through 2014. Shares of Morgan Stanley were leading the financial sector at midday, up over 7.5%... Intel dropped 6.5% at midday after the company reported earnings last night that were generally in-line with Street estimates, though investor concerns over slowing sales and continued capital spending spurred a sell-off of shares... MAJOR MOVERS: Among the notable gainers was Life Technologies (LIFE), up about 10.6% as a number analysts said a takeover or leveraged buyout could be in the works for the company following a media report indicating talks are ongoing. Also higher were shares of NuPathe (PATH), up 8.2% after the company's migraine treatment Zecuity received FDA approval, and State Street (STT), up 5.9% after the company reported earnings that beat estimates and announced the elimination of 630 jobs worldwide. Among noteworthy losers were shares of Capital One Financial (COF), down 8.3% after Janney Capital downgraded shares to Neutral citing last night's disappointing Q4 results, and Finisar (FNSR), down 7.4% following a downgrade to Underperform at Jefferies... INDICES: Near noon, the Dow was down 21.64, or 0.16%, to 13,574.38; the Nasdaq was down 14.97, or 0.48%, to 3,121.03; and the S&P 500 was down 3.85, or 0.26%, to 1,477.09. |
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News For GE;MS;INTC;AAPL;FB;LIFE;PATH;STT;COF;FNSR From The Last 14 Days Check below for free stories on GE;MS;INTC;AAPL;FB;LIFE;PATH;STT;COF;FNSR the last two weeks. |
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| June 19, 2013 |
| 17:25 EDT |  | FNSR | Finisar sees growing with customer Cisco despite insourcing
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| 17:19 EDT |  | FNSR | Finisar sees FY14 revenue increasing 10%-15%
The company expects increased telecom spending in 2H. The company says FY14 will be its first year with revenues over $1B. Comment from Q4 earnings call. |
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| 16:03 EDT | | FNSR | Finisar sees Q1 EPS 22c-26c, consensus 20c
Sees Q1 revenue $245M to $260M, consensus $248.94M. Sees non-GAAP operating margin to be in the range of approximately 9%-10.5%. |
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| 16:01 EDT |  | AAPL | Options Update; June 19, 2013
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| 16:01 EDT | | FNSR | Finisar reports Q4 EPS 20c, consensus 17c
Reports Q4 revenue $243.4M, consensus $242.6M |
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| 15:25 EDT | | FNSR | Notable companies reporting after market close
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| 15:05 EDT | | MS | Bernanke says largest banks at or near compliant to Basel III rules
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| 13:12 EDT | | AAPL | Apple confirms $30M iPad order from Los Angeles school district
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| 12:13 EDT |  | AAPL | Apple launching new ad strategy, Business Insider says
Apple is launching new ads that feature people using its products, according to Business Insider. The company's previous ads had mostly shown a finger swiping through the product's features as an actor proclaimed that the products were "magical," the website added. Reference Link |
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| 11:52 EDT | | FNSR | High option volume stocks: MED FNSR DHR BOIL YONG
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| 11:44 EDT | | AAPL | Apple patent chief leaves for Technicolor, AppleInsider reports
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| 11:22 EDT |  | AAPL | NVIDIA's licensing initiative a way to get into Apple, says Raymond James
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| 10:38 EDT | | FB | Samsung likely to reject idea of Facebook phone, Korea Herald says
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| 10:06 EDT | | AAPL | LinkedIn could get deep integration in Apple iOS update, 9to5Mac says
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| 10:05 EDT | | AAPL | Apple says HBO GO, WatchESPN available on Apple TV
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| 09:53 EDT |  | AAPL | Apple breaks below round number support at $430
The stock has slipped below $430, last at $429.37. At that price, next support is at $426.21, and then at $423.20. Resistance is at $431.44. |
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| 09:38 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU |
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| 08:58 EDT | | AAPL | InvenSense likely shut out of iPhone this year, says Maxim
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| 08:54 EDT | | AAPL | Apple awarded $30M contract from Los Angeles school district, LA Times reports
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| 08:08 EDT | | FB, AAPL | Merkel tells Obama: Internet monitoring must have proper limits, Reuters reports
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