New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 18, 2013
12:20 EDTFNSR, PATH, AAPL, GE, COF, LIFE, INTC, STT, FB, MSOn 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.
News For GE;MS;INTC;AAPL;FB;LIFE;PATH;STT;COF;FNSR 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 | 6 | 7 | 8 | 9 | all recent news | >>
June 22, 2015
19:36 EDTAAPLApple Music artist royalties may be 'insignificant' during trial, WSJ says
Subscribe for More Information
16:00 EDTFB, AAPLOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
14:42 EDTFB, AAPLOculus potential not reflected in Facebook's stock price, Piper Jaffray says
Subscribe for More Information
13:33 EDTAAPLApple iPhone redesign without home button not before 2017, AppleInsider says
Subscribe for More Information
10:52 EDTMSMorgan Stanley Smith Barney, Scottrade fined $950,000 by FINRA
Subscribe for More Information
10:21 EDTFNSROptions with decreasing implied volatility
Subscribe for More Information
09:54 EDTGEGeneral Electric and Cascade announce multi-year joint development agreement
Subscribe for More Information
09:40 EDTAAPL, INTC, FBActive equity options trading on open
Subscribe for More Information
08:35 EDTINTCKopin divests interest in Recon Instruments
Kopin (KOPN) said it had divested its equity interest in Recon Instruments as part of Intel Corporation’s (INTC) acquisition of Recon. Kopin anticipates that it will receive approximately $6M in cash proceeds for its equity interest, subject to certain closing conditions including a working capital adjustment.
08:09 EDTAAPLMasimo receives CE Mark for MightySat Rx pulse oximeter
Subscribe for More Information
08:09 EDTGEGeneral Electric 2018 EPS should surpass $2, says Bernstein
After meeting with GE's CFO, Bernstein predicts that the company's 2018 EPS will surpass the $2 it says is often cited as a target for the company. The firm says that synergies with Alstom appear to be progressing well, while its gross margin initiatives are also progressing. Bernstein says that GE is making progress on many fronts. It keeps an Outperform rating on the stock.
07:46 EDTAAPLApple CEO: Chinese consumer tastes weighed in product designs, Bloomberg says
Subscribe for More Information
07:31 EDTFBFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
06:25 EDTFBFacebook's CPO to outline new format for mobile advertising, WSJ reports
Subscribe for More Information
06:18 EDTGESuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
06:03 EDTFBFacebook price target raised to $120 from $92 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for shares of Facebook to $120 and keeps an Overweight rating on the name. Facebook is the best play on the "next computer paradigm of virtual reality," Munster tells investors this morning in a research note. Oculus, the company's virtual reality technology, is an "insurance policy on the relevance of Facebook's social portfolio as technology shifts,” Munster writes. He believes the long-term value of technology is not reflected in the current share price. The social networking giant closed Friday down 39c to $82.51.
05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
Subscribe for More Information
05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
05:13 EDTGEGeneral Electric, unions reach tentative agreement on new contracts
General Electric reached tentative agreements on new labor contracts with national leaders of its two largest unions, the IUE-CWA and the United Electrical, Radio and Machine Workers of America, or UE, after three weeks of negotiations. The agreements are now subject to review by union negotiating committees and ratification by union members. GE’s existing four-year national contracts with the IUE-CWA and the UE expire at midnight. The four-year job packages provide improvements in healthcare, wages, pension and job and income security. The contract provisions will also be extended to additional unions that have local contracts with GE.
June 21, 2015
16:32 EDTINTCAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 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