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Stock Market & Financial Investment News

News For GS;MS;BAC;JPM;BA;DELL;FB From The Last 14 Days
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | all recent news | >>
July 17, 2015
06:25 EDTFBGoogle price target raised to $780 from $670 at Deutsche Bank
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05:49 EDTFBGoogle price target raised to $723 from $631 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Google shares to $723 saying the search giant's Q2 earnings report and corresponding commentary leave him more confident in the stock over the next two quarters. In addition to talking about a focus on costs, Google noted that mobile cost-per-clicks were up and continued to close the gap on desktop and also highlighted accelerating YouTube usage despite recent media coverage on Facebook (FB) Video, Munster tells investors this morning in a research note. He keeps an Overweight rating on Google. The stock is $62.95 to $642.80 in pre-market trading following last night's earnings report.
July 16, 2015
16:22 EDTGSOn The Fly: Top stock stories for Thursday
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16:00 EDTFB, JPM, BACOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
13:54 EDTMSEQT Partners exploring selling EEW to Morgan Stanley, Bloomberg reports
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13:36 EDTFBFacebook's Instagram says some users having trouble logging in
Instagram said in a tweet, "We're currently experiencing an issue that may have caused some users to have trouble logging in. We’re working hard to fix it." Reference Link
13:02 EDTFBEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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12:29 EDTBAEarnings Watch: Bernstein positive on GE ahead of Q2 report
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12:12 EDTGSOn The Fly: Top stock stories at midday
Stocks began the session in positive territory after Greece's Parliament approved austerity measures that should pave the way for the country to receive a new bailout package. With earnings season gaining steam and the situations in Greece and China appearing more stable in recent days, the S&P and Nasdaq are back within striking distance of their all-time highs. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 281,000 in the week ended July 11, versus expectations for 285,000 first-time claims. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The Philly Fed business outlook index dropped 9.5 points to 5.7 in July, falling short of the 12.0 reading that was expected. In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers also reportedly agreed in principle to extend a $7.6B bridge loan to Greece. The loan, which will come from the European Financial Stabilization Mechanism, should help keep Greece afloat while Prime Minister Alexis Tsipras negotiates the details of the country's three-year bailout. COMPANY NEWS: Netflix (NFLX) rallied 16% and hit a split-adjusted all-time high of $114.45 per share after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... The third-largest U.S. bank, Citigroup (C), posted second quarter profit, excluding adjustments and one-time items, of $1.45 per share, beating the $1.34 average estimate of analysts. Goldman Sachs (GS) reported Q2 earnings per share of $1.98, which fell far short of the consensus forecast of $3.89. However, the firm recorded $1.45B in net provisions for litigation and regulatory matters, which reduced EPS for the quarter by $2.77. Goldman Chairman and CEO Lloyd Blankfein said the bank was "pleased" with its quarterly performance, adding that while "uncertainty in the EU" weighed on investors’ conviction, many of its businesses continued to benefit from generally improving economic conditions. Citi shares rose 3.5% following its report, while Goldman shares slipped a bit more than 1.5%... eBay (EBAY), which is set to split from PayPal (PYPL) in just a few days, reported better than expected earnings for the still-combined company. eBay also announced an additional $1B stock repurchase authorization, bringing its total buyback allowance to $3B, and confirmed it reached a deal to sell eBay Enterprise to a consortium consisting of Sterling Partners, Permira Funds and others for $925M. MAJOR MOVERS: Among the notable gainers was Amira Nature Foods (ANFI), which advanced 16% after the company reported earnings and said it sees "double-digit" revenue growth in its new fiscal year. Also higher was Philip Morris (PM), which gained 3% after reporting better than expected earnings and revenue, excluding certain items. Among the noteworthy losers was Rovi (ROVI), which dropped 16.5% after Netflix was granted a motion of summary judgment invalidating all five of the remaining Rovi patents that were being contested in litigation between the companies. Also lower was Garmin (GRMN), which fell 9% after reporting preliminary Q2 earnings that fell short of expectations, citing the negative impact of currency movements and a "more promotional pricing environment" in the fitness segment. INDEXES: Near midday, the Dow was up 35.47, or 0.2%, to 18,085.64, the Nasdaq was up 54.08, or 1.06%, to 5,153.02, and the S&P 500 was up 14.10, or 0.67%, to 2,121.50.
11:49 EDTFBFacebook's Oculus confirms acquisition of Pebbles Interfaces
Oculus announced on its blog that it has entered into an agreement to acquire Pebbles Interfaces, "one of the leading teams in depth sensing technology and computer vision. Based in Israel, Pebbles Interfaces has spent the past five years developing technology that uses custom optics, sensor systems and algorithms to detect and track hand movement. Over time, technology breakthroughs in sensors will unlock new human interaction methods in VR and revolutionize the way people communicate in virtual worlds. Pebbles Interfaces will be joining the hardware engineering and computer vision teams at Oculus to help advance virtual reality, tracking, and human-computer interactions." Reference Link
11:03 EDTBABoeing reports 50 new orders since last update
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10:12 EDTGSGoldman Sachs shares down 1.25% to $210.30 as conference call continues
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10:09 EDTGSGoldman Sachs CFO says litigation charges 'very unpredictable'
Says digital banking effort "in early days." Says not sure how Fed will include GSIB in CCAR.
09:53 EDTGSGoldman Sachs says Greece news 'weighed on spread-sensitive parts of business'
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09:49 EDTGSGoldman Sachs CFO says conditions got tougher toward end of Q2
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09:45 EDTGSGoldman Sachs CFO says new regulations have leveled playing field
09:45 EDTGSGoldman Sachs: Potential share repurchases to be back-end weighted
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09:39 EDTGSGoldman Sachs says FICC faced 'difficult operating environment' in Q2
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09:35 EDTFB, BACActive equity options trading on open
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09:08 EDTGSOn The Fly: Pre-market Movers
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