New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:24 EDTSONS, GM, ROST, ALLT, SPWR, LTD, FDO, MLNX, F, TJX, GPSOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as the Dow narrowly underperformed the Nasdaq and S&P after yesterday's big run-up. The averages began the session in negative territory, which was not surprising given the gains of the last two sessions, but the economic releases, particularly the ADP employment change report, encouraged investors to drive the indices off their opening lows and back into positive territory near noon... ECONOMIC EVENTS: In the U.S., Challenger, Gray & Christmas said planned job cuts announced in December fell to 32,556, down 43% from November and 22% below December of last year. Payroll processor ADP said private employers added 215K jobs in December, which was up from November's total of 148K and above analyst forecasts for 140K new hires. Weekly jobless claims rose to 372K, versus expectation for an increase to 360K... COMPANY NEWS: Results were mixed among retailers reporting December same-store sales, with Ross Stores (ROST) and TJX (TJX) among those beating consensus and Limited (LTD) one notable name that disappointed. Family Dollar (FDO), in addition to having December SSS growth miss expectations, reported quarterly earnings and revenues below consensus and gave guidance below the Street's view, sending its shares down over 11%... In addition to reporting December SSS up 5%, Gap (GPS) made additional news with the approval of a $1B share buyback and the purchase of multi-brand specialty retailer Intermix for $130M... Increased December vehicle sales were also reported though out the morning, leading shares of both General Motors (GM) and Ford (F) up about 3%... MAJOR MOVERS: Among the notable gainers were SunPower (SPWR), up 35% following an upgrade to Buy at Lazard Capital, and Sonus Networks (SONS), up 10% after Northland Securities said Verizon (VZ) is adding more of Sonus' products on its wire-line side of its business. Among the noteworthy losers were Allot Communications (ALLT), down 23% following a downgrade to Perform at Oppenheimer, and Melanox (MLNX), down 13% after its Q4 revenue warning prompted at least three firms to cut their price targets on its stock... INDICES: Near noon, the Nasdaq was up 5.26, or 0.17%, to 3,117.52; the S&P 500 was up 2.20, or 0.15%, to 1,464.62; and the Dow was virtually up 6.59, or 0.05%, to 13,419.14.
News For GPS;FDO;ROST;TJX;LTD;GM;F;SPWR;SONS;MLNX;ALLT 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 | all recent news | >>
June 25, 2015
09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
Subscribe for More Information
09:18 EDTGMGeneral Motors expects FY15 ETR-Adj. to be in mid-20% range
Subscribe for More Information
08:45 EDTGPSGap initiated with a Hold at BB&T
Subscribe for More Information
07:23 EDTGMHouse Energy & Commerce Committee to hold a hearing
Subscribe for More Information
06:49 EDTFSouth Korea orders recall of 24,808 vehicles with Takata air bags, Reuters says
South Korea's transport ministry stated that it ordered Honda (HMC), Fiat Chrysler (FCAU), Ford (F), and Renault to recall 24,808 vehicles that could contain faulty airbags manufactured by Takata (TKTDY), reports Reuters. Reference Link
June 24, 2015
18:57 EDTGMFiat Chrysler CEO 'very far' from pressuring GM investors, Reuters says
Subscribe for More Information
16:00 EDTFActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
11:18 EDTGMGeneral Motors to host conference call
Subscribe for More Information
10:27 EDTGMGeneral Motors slips to session lows, levels to watch
Subscribe for More Information
10:00 EDTGMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
10:00 EDTFOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:10 EDTFOn The Fly: Pre-market Movers
Subscribe for More Information
06:43 EDTGMGeneral Motors volatility low into downgrade to Neutral from Buy at Goldman
General Motors July call option implied volatility is at 17, August and September is at 19; compared to its 52-week range of 17 to 38, suggesting decreasing price movement into Goldman downgrade to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum.
06:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
Goldman downgraded General Motors (GM) to Neutral and lowered its price target to $40 from $47 due to a weakness in China and softening US profit momentum. The firm's recent dealer visits in China indicate increased promotional activity and net price deterioration to support Shanghai GM JV product sales. Goldman said this, combined with margin pressure, will likely lead to a reduction in China guidance. For North America, the firm said Q1 carryover product pressure has extended into Q2 and could be pressured further with full availability of Ford's (F) F-150 heading into 2H 2015.
06:26 EDTFFord upgraded to Buy from Neutral at Goldman
Goldman upgraded Ford to Buy and increased its price target to $19 from $18. The firm expects earnings momentum to accelerate in 2H and into 2016 driven by full production of the new F-150 and further market share gains following the launch of the Super Duty. Goldman expects positive pricing and low levels of relative incentives with its refreshed products. Further, Goldman expects Ford's position in China to continue to improve given strong product launch tempo.
05:40 EDTFFord launches car-share business in six U.S. cities, London, CNBC says
Subscribe for More Information
June 23, 2015
17:44 EDTF, GMGoldman ups Ford to Buy, cuts GM to Neutral
Subscribe for More Information
17:27 EDTFFord upgraded to Buy from Neutral at Goldman
Subscribe for More Information
17:27 EDTGMGeneral Motors downgraded to Neutral from Buy at Goldman
12:05 EDTFFord seeks to migrate driver-assist technologies over product lineup over 5 yrs
Subscribe for More Information
1 | 2 | 3 | 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