New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 23, 2013
16:30 EDTMCP, COH, GOOG, FSLR, AGN, CREE, STRI, MAPP, HLF, IBM On The Fly: Closing Wrap
Stocks on Wall Street were higher following better than expected earnings from tech giants IBM (IBM) and Google (GOOG). Near midday, the House voted to extend the debt limit until May 19, as expected, and the markets did not react to the news. Eyes on the Street are focused on this evening's report from Nasdaq's largest component, Apple (AAPL)... ECONOMIC EVENTS: In the U.S., the light economic calendar included the Home Price Index, which showed prices rose 0.6% in November, versus expectations for an increase of 0.7%. Also of note, the International Monetary Fund lowered its outlook for 2013 global output growth to 3.5% from 3.6%... COMPANY NEWS: IBM shares gained $8.64, or 4.41%, to $204.72 after its earnings report and guidance exceeded expectations. Google similarly reported earnings that beat consensus. A number of firms increased their price targets on shares, including Jefferies taking their target up to $875. Google advanced $38.63, or 5.5%, to $741.50 following its earnings report... Herbalife (HLF) was again in the news as Greenlight Capital's quarterly letter to investors made the rounds this afternoon. There was some speculation that the letter contained a veiled reference to a short position in Herbalife, however, The Wall Street Journal reported that Greenlight's David Einhorn told investors he does not currently have any bet on the stock. However, Einhorn admitted to profiting from a short position in Herbalife held in 2012 that has since been closed. Shares of Herbalife were down $1.13, or 2.56%, to $43.01 on the day... Among notable companies moving after reporting earnings were Cree (CREE), up $7.38, or 22.05%, to $40.85 after beating expectations, and Coach (COH), down $9.93, or 16.36%, to $50.75 after its earnings fell short of expectations and its Q4 SSS fell 2%... MAJOR MOVERS: Among notable gainers was MAP Pharmaceuticals (MAPP), which rose $9.13, or 58.6%, to $24.71 after it was announced last night that the company had agreed to be acquired by Allergan (AGN) for $25 per share. Allergan shares fell $1.10, or 1.04%, to $104.65 following the announcement. Among notable losers was Molycorp (MCP), which fell 95c, or 10.76%, to $7.88 after disclosing that the company sees Q4 and 1H13 production below expectations and shares were downgraded at Dahlman Rose. Also lower were shares of STR Holdings (STRI), down 79c, or 25.48%, to $2.31 after announcing last night that it expects to lose First Solar (FSLR) as a customer and shares were downgraded to Hold at Craig-Hallum... INDICES: The Dow was up 66.96, or 0.49%, to 13,779.17; the Nasdaq was up 10.49, or 0.33%, to 3,153.67; and the S&P 500 was up 2.22, or 0.15%, to 1,494.78.
News For IBM;GOOG;HLF;CREE;COH;MAPP;AGN;MCP;STRI;FSLR 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 | 8 | 9 | 10 | all recent news | >>
July 17, 2015
10:05 EDTAGNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (ACHI) downgraded to Market Perform from Outperform at Cowen... Allergan (AGN) downgraded to Outperform from Top Pick at RBC Capital... Best Buy (BBY) downgraded to Underperform from Buy at BofA/Merrill... Cablevision (CVC) downgraded to Hold from Buy at Jefferies... Credit Suisse (CS) downgraded to Hold from Buy at Deutsche Bank... Domino's Pizza (DPZ) downgraded to Sector Weight from Overweight at KeyBanc... First Quantum Minerals (FQVLF) downgraded to Neutral from Outperform at Credit Suisse... First Republic (FRC) downgraded to Market Perform from Outperform at FBR Capital... Fresenius SE (FSNUY) downgraded to Neutral from Buy at Goldman... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... JD Wetherspoon (JDWPY) downgraded to Reduce from Neutral at Nomura... NV5 Holdings (NVEE) downgraded to Neutral from Accumulate at Global Hunter... National Oilwell (NOV) downgraded to Sell from Neutral at UBS... Natural Gas Services (NGS) downgraded to Neutral from Buy at Global Hunter... Primoris (PRIM) downgraded to Neutral from Accumulate at Global Hunter... Receptos (RCPT) downgraded to Hold from Buy at Evercore ISI... SKF AB (SKFRY) downgraded to Hold from Buy at Deutsche Bank... STAG Industrial (STAG) downgraded to Sell from Neutral at UBS... SolarWinds (SWI) downgraded to Hold from Buy at Deutsche Bank... Syntel (SYNT) downgraded to Market Perform from Outperform at William Blair... TECO Energy (TE) downgraded to Neutral from Buy at UBS... Tangoe (TNGO) downgraded to Underweight from Equal Weight at Barclays... Tegna (TGNA) downgraded to Hold from Buy at Evercore ISI.
10:05 EDTGOOGOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:35 EDTGOOGActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
09:07 EDTGOOGOn The Fly: Pre-market Movers
Subscribe for More Information
08:06 EDTGOOG, GOOGGoogle price target raised to $800 from $670 at CLSA
CLSA raised Buy rated Google's price target to $800 and said it continues to see growth drivers from app advertising, closing the mobile pricing gap, and shifting of TV ad dollars to online.
07:54 EDTCOHCoach near-term risk remains but could create opportunity, says UBS
UBS believes near-term risk remains for Coach but sees underlying trends creating the potential for a buying opportunity. The firm noted its concerns surrounding the company's heavy promotions but sees the brand improving with millennials. UBS reiterated its Neutral rating and lowered its price target to $34 from $40 on Coach shares.
07:47 EDTGOOGGoogle price target raised to $750 from $650 at Canaccord
Subscribe for More Information
07:46 EDTGOOGGoogle management to meet with JPMorgan
Meeting to be held in Boston on July 22 hosted by JPMorgan.
07:33 EDTGOOGGoogle price target raised to $775 from $693 at Cowen
Subscribe for More Information
07:32 EDTGOOGGoogle price target raised to $720 from $625 at JMP Securities
Subscribe for More Information
07:32 EDTGOOGGoogle price target raised to $800 from $700 at Jefferies
Subscribe for More Information
07:04 EDTGOOGGoogle price target raised to $720 from $625 at Cantor
Subscribe for More Information
06:46 EDTGOOGJPMorgan puts $800 target on Google after 'thesis-changing' Q2
Subscribe for More Information
06:39 EDTAGNAllergan downgraded to Outperform from Top Pick at RBC Capital
RBC Capital downgraded Allergan to Outperform and maintained its $361 price target. The firm sees few catalysts and is less confident near-term in P&L upside, but has left estimates unchanged. RBC Capital said there are several important products subject to competitive threats that could pressure sentiment but said valuation remains attractive against solid mid-teens multi-year earnings growth.
06:36 EDTGOOGGoogle upgraded to Buy with $850 price target at Axiom
Axiom analyst Victor Anthony upgraded Google (GOOGL) to Buy from Hold with an $850 year-end 2016 price target saying "now is the right time" to buy the stock following the search giant's Q2 results. Anthony's pervious price target was $615. The quarterly results show Google's revenue growth accelerated, expense growth decelerated, mobile and Desktop cost-per-clicks are growing, and YouTube is experiencing solid growth, the analyst tells investors in a research note. Piper Jaffray's Gene Munster took Google's price target to $723 this morning while Deutsche Bank's Ross Sandler took his target to $780. Shares of Google's Class A shares, which trade under ticker GOOGL, are up $70.76 to $672.54 in pre-market trading.
06:32 EDTGOOGGoogle initiated with a Buy at MKM Partners
Subscribe for More Information
06:25 EDTGOOGGoogle price target raised to $780 from $670 at Deutsche Bank
Subscribe for More Information
06:01 EDTGOOGGoogle self-driving car involved in injury accident, Urmson says in blog
Subscribe for More Information
05:51 EDTGOOGStocks with implied volatility movement; GOOG RCPT
Subscribe for More Information
05:49 EDTGOOGGoogle price target raised to $723 from $631 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Google shares to $723 saying the search giant's Q2 earnings report and corresponding commentary leave him more confident in the stock over the next two quarters. In addition to talking about a focus on costs, Google noted that mobile cost-per-clicks were up and continued to close the gap on desktop and also highlighted accelerating YouTube usage despite recent media coverage on Facebook (FB) Video, Munster tells investors this morning in a research note. He keeps an Overweight rating on Google. The stock is $62.95 to $642.80 in pre-market trading following last night's earnings report.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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