New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 18, 2014
16:24 EDTSFLY, AAPL, PVA, MSFT, DSW, MRCY, HTZOn The Fly: Closing Wrap
Stocks on Wall Street were higher as Russia confirmed it will look to annex Crimea, but that it is not seeking to further split up Ukraine. Investors may be fatiguing from reacting to the situation regarding the two nations, but stock futures did react favorably during this morning's televised account of Russian President Putin's parliament meeting. The Federal Reserve began its two-day policy meeting, with Chair Janet Yellen scheduled to give her first press conference after the meeting's conclusion. Investors await any potential changes in the central bank's forward guidance and are interested to see if the bank will continue to taper its monthly asset purchases at the same pace. ECONOMIC EVENTS: In the U.S., consumer prices rose 0.1% in February, matching the consensus forecast of economists. Housing starts fell 0.2% from the prior month in February to a rate of 907K, while building permits rose 7.7% to a rate of 1.02M. In Europe, Vladimir Putin formally called for Crimea and Sevastopol to be annexed and added to Russia, but added in his address to his parliament that Russia is not seeking to split up Ukraine. A measure of German economic expectations dropped more-than-expected to 46.6 in March, with the Crimea crisis attributed as a contributing factor. COMPANY NEWS: Rental car company Hertz (HTZ) announced plans to separate its equipment rental business, which had been telegraphed in recent media reports. The company also reported quarterly earnings and gave a fiscal 2014 earnings outlook that missed expectations. Additionally, Hertz announced a $1B share repurchase plan. While the stock traded more than 3x its daily average volume, shares of the company closed the session down 14c, or 0.51%, at $27.08... Microsoft (MSFT) was the Dow's biggest gainer, adding $1.50, or 3.94%, to $39.55 after reports that the company will introduce its Office suite for Apple's (AAPL) iPad at a press event on March 27. Analysts at Barclays said in a note to investors that potential monetization benefits from Office to the company from are under appreciated, while analysts at Citigroup said the potential launch of Office on iPad is unlikely to be a "meaningful driver" for the company. MAJOR MOVERS: Among the notable gainers was Mercury Systems (MRCY), which rose $2.12, or 19.19%, to $13.17 after The Wall Street Journal reported that the company is in the early stages of selling itself in a deal that could be worth around $500M. Also higher was Penn Virginia (PVA), up $2.13, or 15.65%, to $15.74 after activist investor Soros Fund Management disclosed that it has taken a 9.18% stake and urged the company to explore strategic alternatives. Among the noteworthy losers was Shutterfly (SFLY), down $2.39, or 4.74%, to $48.04 after analysts at Cowen downgraded shares two notches to Underperform from Outperform, saying the company's recent growth slowdown has continued into 2014. Also lower was DSW (DSW), down $1.09, or 2.73%, to $38.90 after its quarterly revenue disappointed and the company said it sees fiscal 2014 revenues to grow 6%-7%, with comparable-store sales growth in the low-single digit range. INDEXES: The Dow was up 88.97, or 0.55%, to 16,336.19, the Nasdaq was up 53.36, or 1.25%, to 4,333.31, and the S&P 500 was up 13.42, or 0.72%, to 1,872.25.
News For HTZ;MSFT;AAPL;MRCY;PVA;SFLY;DSW 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 | 6 | 7 | all recent news | >>
February 17, 2015
17:06 EDTHTZIcahn gives quarterly update on stakes, takes new stake in Manitowoc
Subscribe for More Information
17:02 EDTAAPLSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
16:22 EDTAAPLOn The Fly: Closing Wrap
Subscribe for More Information
16:00 EDTAAPLOptions Update; February 17, 2015
Subscribe for More Information
13:18 EDTAAPLOmega Advisors gives quarterly update on stakes
Subscribe for More Information
12:50 EDTAAPLOn The Fly: Midday Wrap
Subscribe for More Information
10:31 EDTAAPLApple rises as analysts applaud reported auto ambitions
Subscribe for More Information
09:40 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:09 EDTMSFTBox announces Microsoft Office cloud integration
Subscribe for More Information
09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
08:09 EDTDSWDSW increases dividend 6.7% to 20c
Subscribe for More Information
07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
Subscribe for More Information
07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
Subscribe for More Information
07:22 EDTAAPLMitsubishi UFJ to hold a tour
Subscribe for More Information
07:15 EDTAAPLApple foray into autos would be logical, says Barclays
Subscribe for More Information
07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
Subscribe for More Information
05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
Subscribe for More Information
February 15, 2015
16:44 EDTAAPLApple Watch could increase revenue by 10% next year, Barron's says
Subscribe for More Information
07:47 EDTAAPLHope of car positive for Apple shares, says Piper Jaffray
Piper Jaffray analyst Gene Munster said in a note to investors yesterday that the potential for a car gives investors something to look at as "the next big thing" for Apple. Munster believes the Wall Street Journal's report that Apple is building an electric car will help support the stock over the next six months. He believes it is unlikely that the company launches anything in the next five years, however. Munster reiterated an Overweight rating on Apple with a $160 price target. The stock closed Friday up 62c to $127.08.
07:46 EDTAAPLApple working on minivan-like electric vehicle, WSJ reports
Apple has "several hundred" employees working secretly toward creating an Apple-branded electric vehicle, Wall Street Journal reported yesterday, citing people familiar with the matter. The project is known internally as "Titan" and has a design that resembles a minivan, the Journal added. The Financial Times reported yesterday that the iPhone maker is recruiting experts in automotive technology and vehicle design. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 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