New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 18, 2014
09:13 EDTKIOR, HDY, HPQ, WMT, SFLY, FF, RNA, GME, YGE, GALE, HTZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FutureFuel (FF), up 21%. ALSO HIGHER: Prosensa Holding (RNA), up 20% after reporting results from a Phase II trial of drisapersen for the treatment of Duchenne Muscular Dystrophy... Hyperdynamics (HDY), up 12% after announcing it wishes to recommence drilling plans of an exploratory well offshore Guinea... Yandex (YNDX), up 4% after reported acquisition of KitLocate... HP (HPQ), up 1.8% following upgrade to Overweight at Barclays. DOWN AFTER EARNINGS: Yingli Green Energy (YGE), down 7%. ALSO LOWER: Hertz (HTZ), down 1%, after earnings report, new $1B share repurchase program, confirming approval for separation of equipment rental business... Galena Biopharma (GALE), down 15.8% after disclosing an SEC investigation into the company related to an outside investor relations firm retained in 2013... GameStop (GME), down 5% after Wal-Mart (WMT) announces used videogame trade-in program... Shutterfly (SFLY), down 6.5% after downgrade at Cowen... KiOR (KIOR), down 44% after saying it has "substantial doubts" about ability to continue as going concern.
News For GME;WMT;HTZ;RNA;HPQ;GALE;FF;HDY;YGE;SFLY;KIOR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
February 4, 2016
08:02 EDTSFLYShutterfly results reflect strong Enterprise results, says Baird
Baird said Shutterfly's Q4 results reflect the strong performance from its Enterprise division and said key growth drivers remain intact. The firm expects the company to reap the benefits of its pending rollout of Shutterfly 3.0 and so they continue to see upside potential in the stock. Baird reiterated its Outperform rating and $55 price target on Shutterfly shares.
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
Subscribe for More Information
February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
19:35 EDTSFLYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Glu Mobile (GLUU), up 27.9%... Capstone Turbine (CPST), up 17.2%... Solaredge (SEDG), 12.6%... Take-Two (TTWO), up 8.3%... PennantPark (PNNT), up 5%... Cadence Design (CDNS), up 4.5%... Buffalo Wild Wings (BWLD), up 1%. ALSO HIGHER: VirnetX Holding (VHC), up 90.6% after the company won a $625.6M verdict in favor of in a patent infringement lawsuit against Apple (AAPL)... Viacom (VIAB, VIA), up 9.5% and 7%, respectively, after Viacom issued a brief statement which reads, "The Viacom board of directors is scheduled to meet tomorrow."... CBS (CBS), up 4.7% after Sumner Redstone has resigned as executive chairman of CBS to be replaced by CEO Leslie Moonves. DOWN AFTER EARNINGS: DHT Holdings (DHT), down 5.3%... GoPro (GPRO), down 9.9%... Imperva (IMPV), down 11.7%... Shutterfly (SFLY), down 3.8%... MetLife (MET), down 2.3%. ALSO LOWER: Ambarella (AMBA), down 2.2% after GoPro reported Q4 results.
16:12 EDTSFLYShutterfly sees FY16 GAAP EPS 19c-58c, consensus may not compare 49c
16:12 EDTSFLYShutterfly drops after earnings
In the extended session the stock is down to $37.99, off by more than 4.1% against the close. Support is at $35.22, the 52-week low. Resistance is at $39.20.
16:11 EDTSFLYShutterfly sees FY16 net revenues $1.12B-$1.16B, consensus $1.19B
Subscribe for More Information
16:10 EDTSFLYShutterfly sees Q1 GAAP EPS (92c)-($1.01), may not compare to consensus ($1.20)
Subscribe for More Information
16:06 EDTSFLYShutterfly reports Q4 EPS $3.45, consensus $3.56
Subscribe for More Information
11:33 EDTHPQCiti slashes PC outlook, expresses caution on related stocks
Citi significantly lowered its 2016 PC sales estimates, citing recent negative data points. In conjunction with the call, the firm lowered its estimates for three companies whose results are significantly affected by PC sales: HP Inc. (HPQ), Marvell (MRVL) and Intersil (ISIL). WHAT'S NEW: Citi analyst Jim Silva now expects PC sales to drop 6% this year, down from his previous estimate of a 2% decline. Recent data points indicate that demand for PCs has dropped significantly so far this year, while inventories are above normal, the analyst explained. Constrained budgets and macro concerns are restraining demand for PCs, Silva believes. Meanwhile, "there is not enough evidence" to conclude that the launch of Microsoft's (MSFT) Windows 10 will be a positive catalyst for PC sales this year, Silva said. Citing his view of PC trends, along with increased competition in the printer space, Silva lowered his 2016 EPS estimate for HP to $1.53 from $1.64. Statements by other printer makers, including Xerox (XRX) and Canon (CAJ), suggest that HP's margins on printers will "come under additional pressure," the analyst believes. He lowered his price target on the name to $10.75 from $14.50 and expects the stock to remain range-bound until analysts reduce their estimates further or its end markets improve. Intersil has 20% exposure to the PC market and the sales of its products related to computing are still strongly correlated with PC sales, Citi analyst Atif Malik stated. As a result, the company will face revenue headwinds throughout this year, stated the analyst. Malik, who expects the company's 2016 and 2017 EPS to come in below consensus levels, downgraded the stock to Sell from Neutral and set an $11.50 price target on the shares. Estimating Marvell's PC exposure at about 60%, Malik lowered his 2016 EPS estimate for the company to 42c from 48c and kept a Sell rating on the name. WHAT'S NOTABLE: Hedge fund Starboard Value disclosed this morning that it had bought a 6.7% activist stake in Marvell. The hedge fund said the shares are "undervalued" and The Wall Street Journal, citing sources familiar with the situation, said Starboard is betting the company can its boost margins by cutting costs, perhaps exiting its mobile device business. PRICE ACTION: In late morning trading, HP Inc. fell 3.3% to $9.55, Marvell rose 1.25% to $8.78 and Intersil dropped 4.4% to $11.93.
09:18 EDTHPQCitigroup to hold an analyst/industry conference call
Subscribe for More Information
07:41 EDTHPQCiti lowers 2016 PC estimates to down 6% from down 2%
Citi analyst Jim Suva says recent data points indicate above normal PC inventories and "materially below seasonal demand" in early 2016. The analyst cut his 2016 PC estimates to down 6% from down 2%, well below IDC's estimate of down 3%. Suva believes there is a lack of evidence to suggest that Microsoft's (MSFT) Windows' 10 launch will drive a PC refresh in 2016. The analyst cut his estimates and price target for HP Inc. (HPQ) and kept a Neutral rating on the name.
06:48 EDTHPQHP Inc. esimates and price target lowered at Citi
Subscribe for More Information
February 2, 2016
12:17 EDTSFLYShutterfly volatility elevated into Q4 and outlook
Subscribe for More Information
10:01 EDTSFLYHigh option volume stocks: DF ROK MCHP SFLY PBI IDTI IILG
February 1, 2016
11:06 EDTGMENasdaq investigating potentially erroneous transactions in GameStop
NASDAQ MarketWatch announced in a Trading Alert that it is investigating potentially erroneous transactions involving the security Gamestop executed between 09:23:00 and 09:24:00 ET today. Reference Link
10:08 EDTGALEHigh option volume stocks
High option volume stocks: NOK HLT NCLH DF GALE VMW DPS SYY SYMC PGR
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
Subscribe for More Information
January 29, 2016
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
Subscribe for More Information
January 28, 2016
15:18 EDTHPQXcel Brands collaborates with HP Inc. to create Isaac Mizrahi smartwatch
Subscribe for More Information
1 | 2 >>

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