New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:40 EDTGM, F, HLF, FEYE, KEYW, PFPT, QLYSOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with only the Dow hanging on to its early session gains. The market opened in positive territory and looked set to recapture some of its losses from yesterday. As the morning progressed, however, the averages weakened and eventually turned mixed. The Nasdaq was the first index to fall into negative territory and the S&P fell into the red as well right before noon. The volume remains light, as many market participants remain on the sidelines given the mid-week holiday and the storm that hit the Northeast. ECONOMIC EVENTS: In the U.S., the New York ISM fell to 63.8 in December from a prior reading of 69.5. Crude oil inventories fell by more than projected last week, drawing down by about 7M barrels. COMPANY NEWS: Auto makers released their U.S. sales data for December. General Motors (GM) reported its sales fell by over 6% during the month compared to last year and its stock declined over 3% following the announcement, while Ford (F) shares rose fractionally after the company's December sales grew by almost 2%... Shares of computer-security firm FireEye (FEYE) jumped over 31% after the company announced last night that it had bought privately held cybersecurity firm Mandiant in a deal valued at $1 billion. Separately, FireEye raised its revenue outlook and analysts at Bank of America Merrill Lynch and JPMorgan increased their price targets on its shares. Other stock in the cybersecurity industry advanced as well following the deal, with KEYW (KEYW), Proofpoint (PFPT) and Qualys (QLYS) all trading higher. MAJOR MOVERS: Among the notable gainers was Chinese travel search website operator Qunar (QUNR), which rose nearly 10% after the company said that it achieved a single-day record for air ticket bookings, with more than 60K over the New Year holiday. Also higher was Delta (DAL), which jumped 4% after reporting its Passenger Revenue per Available Seat Mile, or PRASM, was up 10% in December compared to the prior year. Among the noteworthy losers was RF Industries (RFIL), which dropped 21% after reporting preliminary Q4 earnings and revenue that were down from the prior year. Also lower were shares of Herbalife (HLF), which fell more than 4% after the Federal Trade Commission announced it will hold a press conference next Tuesday to announce an initiative against "deceptive advertising of weight-loss products," though the FTC did not name the products or manufacturers it will target. INDEXES: Near midday, the Dow was up 26.91, or 0.16%, to 16,468.26, the Nasdaq was down 13.69, or 0.33%, to 4,129.38, and the S&P 500 was down 0.41, or 0.02%, to 1,831.57.
News For GM;F;HLF;FEYE;KEYW;PFPT;QLYS From The Last 14 Days
Check below for free stories on GM;F;HLF;FEYE;KEYW;PFPT;QLYS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 11, 2014
08:50 EDTFNHTSA probes 500K Ford vehicles for steering issue, Detroit News says
The National Highway Traffic Safety Administration opened a preliminary probe into 500K older Ford vehicles for steering issues, according to the Detroit News, citing comments from the NHTSA. Ford spokeswoman Kelli Felker said the car manufacturer will cooperate with the NHTSA. Reference Link
08:09 EDTPFPTProofpoint shares should be bought ahead of results, says Pacific Crest
Subscribe for More Information
July 10, 2014
16:15 EDTKEYWKEYW, Oracle collaborate on advanced security solutions
Subscribe for More Information
14:15 EDTHLFHerbalife p.r. flurry 'smells of desperation,' Seeking Alpha contributor says
Herbalife, in an effort to inform investors that 21 independent members are traveling to Washington D.C. in support of the company, released six nearly identical press releases this morning, as noted by Seeking Alpha contributor "Quoth the Raven." Putting the news out in this way, via six press releases instead of "one, concise release is unprofessional and farcical - it smells of desperation for positive press," according to the author, who disclosed a short position in the stock. Reference Link
09:56 EDTFFord, Fiat Chrysler inquire about EU changes, FT says
Subscribe for More Information
09:50 EDTFFord 'committed' to South Africa, minimizes worries over strikes, Reuters says
Subscribe for More Information
06:24 EDTGMGeneral Motors to replace faulty ignition switch kits, Detroit News says
Subscribe for More Information
06:06 EDTGMGM recalling Saab convertibles due to safety defect, Detroit News reports
Around 28,790 Saab convertibles from the 2004-2011 model years are being recalled by General Motors, as the driver's seat belt retractor can break, the Detroit News reports. Reference Link
July 9, 2014
09:47 EDTGM, FNew car sales in India rose 15% in June, WSJ reports
Subscribe for More Information
09:43 EDTGMGeneral Motors, Manchester United debut sponsored shirt for 2014-15 season
Subscribe for More Information
09:21 EDTGMDelphi CEO to testify about GM ignition switches, Automotive News says
Subscribe for More Information
07:52 EDTGMJapan leading drive for fuel cell vehicles, FT says
Subscribe for More Information
07:13 EDTPFPTProofpoint momentum continuing, can drive Q2 upside, says Stephens
Subscribe for More Information
06:28 EDTGMGM Korea employees approve strike amid stalled wage discussions, Reuters says
Subscribe for More Information
06:17 EDTGMGM CEO, general counsel to testify before Senate subcommittee, WSJ reports
Mary Barry, the CEO of General Motors (GM), and the company's general counsel, Mike Millikin, have been called to testify next week before a Senate subcommittee looking at why it took the automaker almost 11 years to recall older cars equipped with a faulty ignition switch, the Wall Street Journal reports. Delphi Automotive (DLPH) CEO Rodney O'Neal and Kenneth Feinberg have also been called as witnesses. Reference Link
July 8, 2014
12:25 EDTGMGM won't use insurance to pay ignition claims, Automotive News reports
Subscribe for More Information
10:54 EDTFEYEFireEye volatility flat on wide price movement
FireEye July call option implied volatility is at 60, August is at 67, September is at 62; compared to its 26-week average of 68 according to Track Data, suggesting non-directional price movement.
06:54 EDTGMGM Korea head says potential strike could mean output cuts, Reuters says
GM South Korea CEO Sergio Rocha warned employees that a possible strike could prompt further production reductions in one of its major Asian manufacturing centers, according to Reuters, citing comments from Rocha. GM's 15K unionized employees in South Korea plan to cast ballots on whether to hold a strike for a fourth consecutive year, signaling a reemergence of summer labor unrest in the country's vehicle industry. Reference Link
06:29 EDTGMGeneral Motors elects not to recall trucks with brake problems, NY Times says
Subscribe for More Information
06:24 EDTFFord recalls 101,000 vehicles, Detroit News reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 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