News Breaks |
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| February 22, 2013 |
| 12:18 EDT |  | HPQ, AIG, WBMD, ARUN, FIRE, MMSI, FRO | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, bouncing back from two down days fueled by worries that the Fed may pull back on its easing actions sooner than expected. European markets were helped by a better than expected German business confidence survey, despite some other downbeat data and forecasts, and U.S. markets followed their lead. Also helping the Dow was better than expected earnings from two of its members... ECONOMIC EVENTS: In the U.S., no market moving economic data was reported. In Germany, Federal Statistics Office data confirmed an earlier flash estimate that the nation's GDP shrank 0.6% from the prior quarter in the last three months of 2012. However, the Ifo Institute business confidence reading rose to 107.4 from 104.2 in January, beating expectations for a 105.0 February figure. Also in Europe, the European Commission lowered it forecast for gross domestic product in the 17-nation region, estimating now that GDP will fall 0.3% this year. The EC predicted in November that the region's economy would grow 0.1% in 2013... COMPANY NEWS: Hewlett-Packard (HPQ) surged 9% higher and led the Dow Jones Industrial Average after its Q1 results topped estimates on both the top and bottom lines. HP's earnings guidance for the current quarter was also better than expected. Also reporting better than expected results, and seeing its shares rise, was fellow Dow component American International Group (AIG). The insurer's operating earnings were better than forecast and its stock advanced over 2%... MAJOR MOVERS: Among the other notable gainers following their earnings reports were WebMD (WBMD), up 24%, Aruba Networks (ARUN), up 21% and Sourcefire (FIRE), up 14%. Among the noteworthy losers was Merit Medical (MMSI), which fell 19% and was downgraded at Raymond James following its quarterly report. Also lower were shares of Frontline (FRO), which declined nearly 14% after the company provided preliminary Q4 earnings, said it expects the following quarter's operating results to be lower and announced it will will not pay a dividend for Q4... INDICES: Near noon, the Dow was up 69.34, or 0.50%, to 13,949.96; the Nasdaq was up 17.80, or 0.57%, to 3,149.29; and the S&P 500 was up 7.59, or 0.51%, to 1,510.01. |
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News For HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO From The Last 14 Days Check below for free stories on HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO the last two weeks. |
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| May 17, 2013 |
| 16:21 EDT | | ARUN | On The Fly: Closing Wrap
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| 12:05 EDT | | ARUN | On The Fly: Midday Wrap
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| 11:39 EDT |  | ARUN | High option volume stocks: GNK VNDA BYI ARUN BYI ILMN
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| 10:07 EDT |  | ARUN | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. |
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| 09:43 EDT |  | ARUN | Aruba Networks plunges further following results and guidance
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| 09:37 EDT | | HPQ | Active equity option families trading on open
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| 09:30 EDT | | ARUN | Aruba Networks volatility elevated into lower guidance
Aruba Networks overall option implied volatility of 56 is above its 26-week average of 50 according to Track Data, suggesting large near term price movement into preannouncing lower than expected Q3 EPS. |
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| 09:11 EDT |  | ARUN | Aruba Networks sell-off appears overdone, says Pacific Crest
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| 08:53 EDT |  | AIG | JPMorgan's life insurance analyst holds an analyst/industry conference call
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| 08:18 EDT | | ARUN | Aruba Networks downgraded to Sector Perform from Outperform at FBN Securities
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| 07:50 EDT | | ARUN | Aruba Networks valuation attractive, says JMP Securities
After Aruba Networks preannounced lower than expected Q3 EPS and the stock tumbled yesterday, JMP Securities reduced its price target on the shares to $17 from $21. However, the firm keeps an Outperform rating on the stock. |
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| 07:40 EDT | | ARUN | Aruba Networks downgraded to Underweight from Neutral at JPMorgan
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| 07:35 EDT | | ARUN | Aruba Networks downgraded to Hold from Buy at Stifel
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| 07:17 EDT | | ARUN | Aruba Networks downgraded to Neutral from Outperform at Wedbush
Note this is the seventh downgrade of the day. |
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| 07:16 EDT | | ARUN | Aruba Networks downgraded to Hold from Buy at Needham
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| 07:00 EDT | | HPQ | Hewlett-Packard volatility elevated into Q2 and revenue outlook
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| 07:00 EDT | | ARUN | Aruba Networks downgraded to Equal Weight from Overweight at Stephens
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| 06:28 EDT | | ARUN | Aruba Networks downgraded to Neutral from Buy at Janney Capital
Note this is the fourth downgrade of the day following the disappointing Q3 report and guidance. |
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| 06:28 EDT | | ARUN | Aruba Networks downgraded to Perform from Outperform at Oppenheimer
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| 06:16 EDT | | ARUN | Aruba Networks downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Aruba (ARUN) following the Q3 report citing decelerating revenue growth caused by Cisco's (CSCO) competitively priced bundling strategy. Note that Wells Fargo also downgraded shares this morning. |
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