New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:15 EDTN, WMT, MPO, ZNGA, AMZN, GDOT, CMG, GOOGOn The Fly: Midday Wrap
Stocks on Wall Street were sharply lower at the outset, but the averages have managed to cut their losses in half from that early low point. The market is approaching correction territory and investors may have tried to take advantage of stocks being beaten up to add to positions. With today's slide the market is putting the finishing touches on its first losing month since August. ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in December, versus expectations for it to have grown 0.2%, though spending rose 0.4%, which was above the forecast for spending growth of 0.2%. Employment costs rose 0.5% during the fourth quarter, versus the expected increase of 0.4%. The Chicago ISM business barometer dropped to 59.6 in January from 60.8 in December, though that was a little better than analysts forecast for it to slip to 59.5. The University of Michigan consumer sentiment index fell to 81.2 in the final January print, though that was close to expectations. In Europe, reports on the labor market and inflation suggested that the ECB will be under pressure to provide more monetary stimulus. The unemployment rate in the euro zone was 12% in December, unchanged since October after a revision of prior months’ data. The inflation rate came in at 0.7% in January, which is down from 0.8% in December and significantly lower than economists expected. The “core” rate excluding energy, food, alcohol and tobacco, rose to 0.8% in January from 0.7% in the prior month. COMPANY NEWS: The world's largest retailer, Wal-Mart (WMT), warned that its profits for its Holiday quarter and for the year may come in at or slightly below its prior view. The company said two factors contributed to its lower than expected comparable store sales performance in the U.S., namely a greater than expected impact from the government's changes to its nutrition assistance program and eight named winter storms that forced store closures and hurt traffic throughout the quarter. Despite the downbeat view, shares of the company were fractionally higher near noon... Shares of another retail giant, on-line retailer Amazon.com (AMZN), fell 9% after the company’s fourth quarter results and first quarter guidance fell short of analysts’ expectations. Despite earnings and revenue that came in below forecasts, analyst commentary was mostly positive this morning, as four separate research firms raised their respective price targets on Amazon... Google (GOOG) edged closer to $1,200 per share, rising almost 4% near noon after its quarterly report last night revealed profits that fell a bit short of expectations but revenues that exceeded the consensus estimate. Several firms ratcheted up their price targets on the search leader's shares after the report, with FBN Securities bumping its price target for Google to $1,400, citing the company's strong paid click growth and improving network revenue. MAJOR MOVERS: Among the notable gainers was Zynga (ZNGA), which advanced 16% after the company reported a narrower-than-expected quarterly loss and said it expects to be profitable in 2014. The mobile game maker also announced a deal to acquire NaturalMotion for $527M and disclosed plans to cut 15% of its workforce. Also higher was Chipotle Mexican Grill (CMG), which rose nearly 14% to be the S&P 500's biggest gainer after the Mexican restaurant chain reported fourth quarter revenue that beat estimates and comparable restaurant sales that increased 9.3%. Among the noteworthy losers following their quarterly reports were software provider NetSuite (N), down more than 7% near noon, and pre-paid debit card provider Green Dot (GDOT), which fell over 16%. Also lower was Midstates Petroleum (MPO), down 14% after analysts at Morgan Stanley downgraded the stock to Equal Weight from Overweight, citing the company's disappointing production guidance. INDEXES: Near midday, the Dow was down 86.04, or 0.54%, to 15,762.57, the Nasdaq was down 9.38, or 0.23%, to 4,113.75, and the S&P 500 was down 5.32, or 0.30%, to 1,788.87.
News For GOOG;AMZN;WMT;CMG;ZNGA;N;GDOT;MPO 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 | all recent news | >>
November 18, 2014
06:04 EDTAMZNAmazon Fresh grocery delivery expands to Philadelphia
Subscribe for More Information
05:26 EDTWMTDisney Movies Anywhere now available through Walmart VUDU service
Subscribe for More Information
November 17, 2014
16:00 EDTAMZNOptions Update; November 17, 2014
Subscribe for More Information
13:09 EDTZNGAZynga's Pincus, directors must face lawsuit over 'lockup' sales, Reuters says
Subscribe for More Information
10:02 EDTAMZNAmazon SSS up 36% in second week November, eBay up 10%, ChannelAdvisor says
Subscribe for More Information
09:36 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
08:40 EDTAMZNOppenheimer technology analysts hold an analyst/industry conference call
Technology Analysts discuss Amazon's recently-held AWS re:Invent Conference, as well as implications for other cloud and software companies in the Technology sector, on an Analyst/Industry conference call to be held on November 17 at 9 am.
06:23 EDTGOOGFacebook working on 'Facebook at Work' website, FT reports
Subscribe for More Information
06:10 EDTGOOGGoogle partners with Telstra to test Project Loon in Australia, SMH reports
Subscribe for More Information
November 14, 2014
17:07 EDTGOOGSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
16:39 EDTWMTBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
16:26 EDTWMTNasdaq clear leader as major averages end week higher
Subscribe for More Information
14:46 EDTWMTDisney movies service partnering with Wal-Mart's Vudu, Reuters reports
Subscribe for More Information
10:00 EDTWMTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:38 EDTAMZNActive equity options trading
Subscribe for More Information
07:37 EDTWMTWal-Mart price target raised to $91 from $83 at UBS
Subscribe for More Information
07:27 EDTWMTWal-Mart price target raised to $92 from $82 at BofA/Merrill
Subscribe for More Information
06:49 EDTWMTWal-Mart downgraded to Underperform from Market Perform at BMO Capital
06:16 EDTAMZNEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
06:00 EDTGOOGGoogle to retire Google Wallet for digital goods API on March 2, 2015
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 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