New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:22 EDTBHI, GBX, HCLP, MSFT, WFT, DKS, HDOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as the averages struggle to regain some portion of their losses from last week. The market opened moderately lower on the heels of the futures, which ended the premarket session below fair value. The major equity indices have traded in a narrow range again today, though they all stand near session highs at the lunch hour, with the Dow the biggest winner and the Nasdaq fighting to get back into positive territory... ECONOMIC EVENTS: In the U.S., the October federal budget is scheduled to be reported at 2:00 pm ET and is seen widening to $113B from $98.5B a month ago. In Europe, euro-zone leaders failed to agree on the release of the latest round of aid for Greece, though the nation was granted a two-year extension by the EU to repay its current bailout loans. Also, a measure of German economic sentiment unexpectedly fell more than was forecast and U.K. inflation rose faster than expected... COMPANY NEWS: Home Depot (HD) leads all members of the Dow Jones Industrial Average, up 3.7% after its earnings and revenue beat expectations and the company raised its full year guidance. Microsoft (MSFT) is the Dow's laggard, down 2.7% after the head of its Windows unit resigned, though Stifel Nicolaus suggested that the departure could help the company over the long term... MAJOR MOVERS: Among the notable gainers was Greenbrier (GBX), up 17% after investor Carl Icahn reported a 9.99% stake in the company and called its shares undervalued. Also higher were shares of Dick's Sporting Goods (DKS), up nearly 5% following its better than expected quarterly report and increased full year outlook. Among the noteworthy losers was Hi-Crush Partners (HCLP), down 21% after its quarterly results missed consensus and it announced the termination of a supply agreement with Baker Hughes (BHI). Also lower were shares of Weatherford (WFT), down almost 14% after the company reported a disappointing preliminary revenue estimate and said it sees material weakness in its internal controls, prompting it to restate some prior financial statements... INDICES: Near noon, the Dow was up 47.73, or 0.37%, to 12,862.81; the Nasdaq was down 0.68, or 0.02%, to 2,903.58; and the S&P 500 was up 5.64, or 0.41%, to 1,385.67.
News For HD;MSFT;GBX;DKS;HCLP;BHI;WFT 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 | >>
July 21, 2015
15:02 EDTMSFTNotable companies reporting after market close
Subscribe for More Information
11:11 EDTMSFTMicrosoft technical notes before earnings, levels to watch
On a long-term basis the stock has a potential double top pattern that would be confirmed on a breakdown below $40. In a shorter time frame the stock is range-bound between $45 at the low and $50 at the high. If the news is bearish, a breakdown below $45 would put the shares on a path for a test at that $40 support. A breakdown below $40 would see next support at $39.27 and then at $38.56. The downside target from the double top would be to the $30 area over time. If the news is a bullish surprise, a breakout above $50 would see next resistance at $53.13 and then at $55. Both are levels not seen since the year 2000.
09:56 EDTMSFTSalesforce rallies amid renewed speculation of Microsoft deal
Subscribe for More Information
08:11 EDTBHIBaker Hughes expects North America rig counts to remain unchanged in 2015
Subscribe for More Information
08:10 EDTBHIBaker Hughes reports Q2 North America revenue down 47% to $1.5B
The drop in revenue is primarily attributable to the reduction in customer spending, which has resulted in a steep decline in onshore and shallow water activity, and an unfavorable pricing environment. Reports Q2 Latin America revenue down 19% to $439M, largely result of sharp activity reductions in the Andean area, as reflected in a 43% drop in the rig count, and in Venezuela from decreased operations and unfavorable exchange rates. In Brazil and Mexico, activity reductions were more than offset by offshore share gains. reports Q2 Europe/Africa/Russia Caspian revenue down 22% to $869M, impacted by $100M related to the unfavorable change in foreign exchange rates. Reports Q2 Middle East/Asia Pacific revenue down 22% to $856M, driven primarily by lower activity throughout Asia Pacific, as reflected in the 12% drop in the rig count, and in Iraq as result of a reduction to our integrated operations, including exiting a large turnkey contract in mid-2014. Reports Q2 Industrial Services down 8% to $306M.
08:09 EDTBHIBaker Hughes expects unfavorable market dynamics to persist in 2H15
Subscribe for More Information
08:08 EDTBHIBaker Hughes says Q2 negatively impacted by deteriorating pricing, currency
CEO Martin Craighead commented, "Even though the severity of the revenue decline has compressed our margins, we have minimized the impact by aggressively reducing costs and rightsizing our operational footprint. These actions have resulted in decremental margins of 35% compared to the prior year, a significant improvement from the prior industry downturn. Furthermore, earnings for the quarter were impacted by an unfavorable tax rate which resulted primarily from a change in the geographic mix of earnings."
08:07 EDTBHIBaker Hughes reports Q2 adjusted EPS (14c), consensus (13c)
Subscribe for More Information
07:20 EDTBHIHalliburton has 90% upside potential over 3 years, says Citi
Citi analyst Scott Gruber believes regulatory approval for Halliburton's (HAL) proposed acquisition of Baker Hughes (BHI) is a "high probability event." Halliburton's buyback potential post-acquisition looks significant, Gruber tells investors in a research note. He estimates $5.00 of pro forma earnings per share for Halliburton in 2018, suggesting 90% upside potential for shares over the next three years. The analyst notes that applying a 16 times earnings multiple yields a $78 share price. He keeps a Buy rating on Halliburton with a $54 price target. The oil services company closed yesterday up 75c to $40.74 after reporting Q2 results.
07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
Subscribe for More Information
July 20, 2015
16:01 EDTMSFTOptions Update; July 20, 2015
Subscribe for More Information
15:01 EDTBHINotable companies reporting before tomorrow's open
Subscribe for More Information
09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
Subscribe for More Information
07:04 EDTBHIHalliburton incurred $67M after-tax for costs related to Baker Hughes deal in Q2
Subscribe for More Information
07:03 EDTBHIHalliburton says 'pleased' with progress of Baker Hughes acquisiton
Subscribe for More Information
06:49 EDTHDDeutsche goes below consensus on Home Depot, Lowe's
Subscribe for More Information
July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
July 17, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 6 to 857 rigs
Subscribe for More Information
10:00 EDTBHISchlumberger CEO says Halliburton deal creating 'uncertainty' for customers
Subscribe for More Information
08:05 EDTMSFTLexmark launches Kofax View for Microsoft Outlook
Lexmark (LXK) announced the availability of Kofax View, the first document viewing, editing and PDF creation application for Microsoft (MSFT) Outlook. “Microsoft Office delivers exceptional workforce productivity and Microsoft Outlook is central to increased productivity through collaboration. Kofax View gives Outlook users—including Outlook for Office 365 users in the cloud—the ability to more easily create, manage and share familiar document types for improved communication that significantly streamlines the workflow process,” said David Caldeira, product marketing executive, Lexmark Enterprise Software.
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