New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2014
12:31 EDTLULU, HPQ, WAVX, RH, GERN, TWTROn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after retail sales rose less than expected in May and first-time unemployment claims increased last week. In addition to the mixed bag of economic data, there has also been increased anxiety about Iraq in recent days amidst a backdrop of an Islamist militant uprising there, as evidenced by a seven month high in the price of crude oil. The market opened in negative territory and has remained there throughout the morning, though the averages have drifted in a fairly narrow range again. ECONOMIC EVENTS: In the U.S., retail sales rose only 0.3% in May, and were up 0.1% excluding autos, as both growth figures missed the consensus forecast. Initial jobless claims rose to 317K in the week ended June 7, which was above the expectation for 310K new claims. Import and export prices both rose 0.1% in May. Business inventories rose 0.6% in April, with sales up 0.7%. In Europe, the euro zone's industrial output rose 0.8% in April, versus expectations for a 0.4% increase. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) climbed nearly 2% near noon after Goldman Sachs admitted that its negative thesis on the stock was wrong and upgraded the shares to Neutral from Sell. Among 34 research firms tracked by Bloomberg, none now have a "Sell" or equivalent rating on shares of HP following Goldman's upgrade... Twitter (TWTR) shares gained 4% after the company confirmed a report from Re/code that Ali Rowghani has resigned from his position as Chief Operating Officer. Rowghani will continue to be an employee and act as a strategic advisor to the CEO and the company does not intend to hire a replacement for the COO role, Twitter stated. MAJOR MOVERS: Among the notable gainers was Geron (GERN), which advanced 26.5% after the FDA removed its partial clinical hold on the company's trial of imetelstat in myelofibrosis. Also higher were shares of home furnishings retailer Restoration Hardware (RH), which rose 13% after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Among the noteworthy losers was yoga wear maker lululemon (LULU), which dropped over 15% and was downgraded at both William Blair and Stifel after the company reported Q1 results, lowered its FY14 guidance and announced the retirement of CFO John Currie. Also lower following was Wave Systems (WAVX), which fell 22% after it announced plans to sell about 5.2M shares of its common stock at a price of $1.90 per share. INDEXES: Near midday, the Dow was down 51.99, or 0.31%, to 16,791.89, the Nasdaq was down 10.49, or 0.24%, to 4,321.45, and the S&P 500 was down 5.57, or 0.29%, to 1,938.32.
News For HPQ;TWTR;RH;LULU;GERN;WAVX 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 >>
February 1, 2016
05:08 EDTTWTRStocks with implied volatility above IV index mean; LNKD TWTR
Subscribe for More Information
January 31, 2016
11:39 EDTTWTRS&P falls 5% in January despite second straight winning week to close month
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
January 29, 2016
17:25 EDTLULUlululemon files to sell 9.8M shares of common stock
Subscribe for More Information
05:09 EDTTWTRStocks with implied volatility above IV index mean; CRM TWTR
Stocks with implied volatility above IV index mean; Salesforce (CRM) 46, Twitter (TWTR) 95 according to iVolatility.
January 28, 2016
15:18 EDTHPQXcel Brands collaborates with HP Inc. to create Isaac Mizrahi smartwatch
Subscribe for More Information
09:38 EDTTWTRActive equity options trading on open
Subscribe for More Information
January 27, 2016
19:30 EDTTWTROn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
05:47 EDTTWTRTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
Subscribe for More Information
05:44 EDTTWTRTwitter's Kevin Weil to be named Head of Product at Instagram, Re/code reports
Twitter's (TWTR) former VP of product Kevin Weil is expected to be named Head of Product at Instagram, which is owned by Facebook (FB), Re/code reports, citing multiple sources. According to the sources, Weil was recruited by Instagram "for months" before announcing that he would exit Twitter late Sunday night. Reference Link
05:06 EDTTWTRStocks with implied volatility above IV index mean; VMW TWTR
Subscribe for More Information
January 26, 2016
16:00 EDTTWTROptions Update; January 26, 2016
Subscribe for More Information
11:13 EDTTWTRActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
Subscribe for More Information
10:33 EDTTWTRTwitter resumes its slide lower
Subscribe for More Information
10:28 EDTTWTRGoPro confirms integration with Periscope
Subscribe for More Information
10:24 EDTTWTRGoPro to broadcast Periscope videos, TechCrunch reports
GoPro (GPRO) is integrating with Twitter's (TWTR) Periscope, TechCrunch reports. Owners of GoPro's HERO4 cameras will be able to broadcast their videos directly to Periscope, the report says. Reference Link
09:56 EDTTWTRTwitter price target lowered to $28 from $40 at Goldman
Goldman Sachs analyst Heath Terry lowered his estimates for Twitter's MAU growth following the announced departures of five executives from the company, arguing that continued management instability likely further delays the development of the technology and product needed for Twitter to see user growth, engagement, and monetization. Terry also cut his 2016-17 revenue estimates by 5% and lowered his price target for Twitter shares to $28 from $40, but keeps a Buy rating on the stock, saying he sees value in its platform that is "significantly beyond" its current $12B market value.
09:09 EDTLULUlululemon moves up in pre-market
Subscribe for More Information
08:36 EDTTWTRTwitter CEO Dorsey confirms Leslie Berland as CMO
Twitter (TWTR) CEO Jack Dorsey confirmed in a tweet that Leslie Berland, an executive VP at American Express (AXP), will join the company as its new Chief Marketing Officer. Reference Link
08:26 EDTTWTRTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
06:19 EDTTWTRTwitter stopped displaying ads to certain VIP users, Re/code reports
Subscribe for More Information
1 | 2 | 3 | 4 >>

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