New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For IPG;FB From The Last 14 Days
Check below for free stories on IPG;FB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>
July 24, 2014
16:00 EDTFBiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
Subscribe for More Information
15:06 EDTFBFacebook, Uber discuss embedding service into Messenger, Re/code says
Subscribe for More Information
12:32 EDTFBOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
12:14 EDTFBFacebook shares hit double IPO price after results beat expectations
Subscribe for More Information
11:25 EDTFBInstagram could be working on Snapchat competitor called 'Bolt," The Verge says
Subscribe for More Information
11:09 EDTIPGElliott to call on Interpublic to sell to rival, DealBook says
Subscribe for More Information
10:57 EDTIPGElliott to push Interpublic Group to put itself up for sale, Bloomberg says
Subscribe for More Information
09:36 EDTFBActive equity options trading on open
Subscribe for More Information
09:17 EDTIPGInterpublic Group rallies after activist Elliott reports stake
Elliott Associates reported a 6.7% stake in Interpublic Group (IPG) and stated it seeks to engage in a "constructive dialogue" with the company's board regarding steps to maximize shareholder value. As of July 23, Elliott beneficially owned 5.58M shares of common stock, including 3.675M shares of underlying options. On May 29, CNBC's David Faber that Elliott may be a buyer of Interpublic shares. On June 19, in an interview with the Wall Street Journal, Interpublic CEO Michael Roth downplayed the speculation of an activist investor. Shares of advertising and marketing services company are up 65c, or 3%, to $20.50 in pre-open trading.
09:16 EDTFBOn The Fly: Pre-market Movers
Subscribe for More Information
09:07 EDTIPGElliott Associates reports 6.7% stake in Interpublic Group
Subscribe for More Information
08:49 EDTFBFacebook price target raised to $100 from $80 at Topeka
Subscribe for More Information
08:32 EDTFBFacebook price target raised to $82 from $71 at RW Baird
Subscribe for More Information
08:14 EDTFBFacebook price target raised to $90 from $79 at Oppenheimer
Subscribe for More Information
08:07 EDTFBFacebook price target raised to $94 from $90 at UBS
Subscribe for More Information
07:53 EDTFBFacebook price target raised to $84 from $75 at Canaccord
Subscribe for More Information
07:53 EDTFBFacebook price target raised to $90 from $80 at JPMorgan
JPMorgan raised its price target for Facebook shares to $90 citing the company's "strong" Q2 results. It says Facebook remains a top pick with an Overweight rating.
07:41 EDTFBFacebook price target raised to $100 from $85 at Jefferies
Subscribe for More Information
07:40 EDTFBFacebook price target raised to $90 from $83 at JMP Securities
Subscribe for More Information
07:02 EDTFBFacebook margins likely to improve over time, says Cantor
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 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