New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 12, 2012
16:19 EDTILMN, FIO, FET, AVID, MIPS, OAK, RHHBY, CSCO, MRC, HPQOn The Fly: Closing Wrap
Stocks on Wall Street rose significantly on indications from the New York Fed that interest rates will likely remain low. Stock futures were slightly above fair value in early trading but weakened following the slightly disappointing jobless claims data. The futures action led to a relatively quiet open for the market but it soon picked up momentum to the upside. The market moved up roughly 0.5% in early trading, then spurted higher before noon. Investors rallied the market after last night’s comments from Fed president Janet Yellen, who said the Fed should be ready to ease its fiscal stance if the economy weakened while also being willing to raise rates if the economy warranted. Investors grabbed onto the dovish comments and lifted the market for the second day in a row… ECONOMIC EVENTS: In the U.S., 380K initial jobless claims were filed last week, versus the expected 355K. 3.25M continuing claims were reported, versus the expected 3.33M. Producer prices for the month of March were flat, versus the expected increase of 0.3%. The core PPI reading, however, rose 0.3%, versus the expected increase of 0.2%. The trade balance report showed a deficit of $46.0B, versus expectations for a deficit of $51B. In Europe, Italy's short-term borrowing costs rose at auction... COMPANY NEWS: Hewlett-Packard (HPQ) was a beneficiary of two reports from Gartner and IDC, each of which showed that global shipments of personal computers rose in Q1, with HP remaining the top PC maker by volume. On the day, Hewlett-Packard stock was up 7.18% to $25.09… Oaktree Capital (OAK), Forum Energy Technologies (FET) and MRC Global (MRC) all traded for the first time today, though none of the companies' stocks moved much compared to their IPO prices... MAJOR MOVERS: Among the notable gainers were MIPS Technologies (MIPS), which jumped 26.30%, to $6.58, after Bloomberg reported that Goldman Sachs (GS) had been hired to advise it on a possible sale of the company, and Fusion-io (FIO), which rose 14.80%, to $28.31, following a note to investors from Piper Jaffray saying it believes the company is working on a new original equipment manufacturer deal with Cisco (CSCO)… Noteworthy losers included Avid Technology (AVID), which lost 17.32%, to $8.50, after the company announced it expects to post Q1 revenues lower than last year, and Illumina (ILMN), which dropped 5.82%, to $49.51, after Roche Holding’s (RHHBY) CEO said he doesn’t see any reason to raise the current offer for the company… INDICES: The Dow gained 181.19 points, or 1.41%, to 12,986.58; the Nasdaq rose 39.09 points, or 1.30%, to 3,055.55; and the S&P 500 added 18.86 points, or 1.38%, to 1,387.57.
News For HPQ;OAK;FET;MRC;MIPS;FIO;CSCO;AVID;ILMN;RHHBY 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 | >>
July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think it’s fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTHPQ, CSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
Subscribe for More Information
July 24, 2015
14:01 EDTHPQHP granted approval for shareholder settlement on Autonomy, Bloomberg reports
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
Subscribe for More Information
05:45 EDTHPQStocks with implied volatility movement; EXXI HPQ
Subscribe for More Information
July 23, 2015
18:59 EDTFETForum Energy sees Q3 EPS 8c-13c, consensus 17c
Forum CEO Cris Gaut stated, "We expect the lower level of new orders from the reduction in drilling and completion activity during Q2 to have an impact on our Q3 results."
18:58 EDTFETForum Energy reports Q2 adjusted EPS 16c, consensus 17c
Subscribe for More Information
11:54 EDTHPQOptions with increasing call volume
Subscribe for More Information
07:58 EDTHPQBrean Capital maintains Buy on EMC due to activist, merger potential
Subscribe for More Information
06:56 EDTOAKBarber Foods possible $2B sale delayed due to chicken recall, NY Post says
Subscribe for More Information
06:27 EDTRHHBYRoche CEO expects biosimilars in Europe by late 2017, Reuters reports
Subscribe for More Information
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
Subscribe for More Information
05:46 EDTRHHBYRoche expects FY15 sales to grow low- mid-single digits
Expects FY15 core EPS to grow ahead of sales at constant exchange rates. Roche expects to further increase dividend in Swiss francs.
05:45 EDTRHHBYRoche reports 1H15 core EPS CHF 7.22 vs. 7.57 last year
Subscribe for More Information
July 22, 2015
18:33 EDTOAKMolycorp secures Court approval for $130M in financing by Oaktree Capital
Subscribe for More Information
10:01 EDTILMNOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:58 EDTILMNIllumina weakness a buying opportunity, says Cowen
Subscribe for More Information
07:52 EDTILMNIllumina downgraded to Neutral from Buy at Janney Capital
07:44 EDTILMNIllumina price target lowered to $250 from $275 at Canaccord
Subscribe for More Information
05:45 EDTILMNIllumina should be bought on post-earnings selloff, says Mizuho
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