News Breaks |
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| March 5, 2013 |
| 12:29 EDT |  | JCP, VNO, HPQ, BAC, CREE, ZOLT, IPXL, CWH | On The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday as the Dow eclipsed its previous all-time closing high of 14,164.53 set in October of 2007. The U.S. averages took their lead from overseas markets, which rallied on positive growth guidance from China... ECONOMIC EVENTS: In the U.S., the ISM services PMI rose to 56.0 in February, beating expectations for a decline to 55.0 from the 55.2 January reading. Of note, its most forward-looking component, the new-orders index, surged to 58.2 from 54.4. In China, the outgoing premier promised deficit spending to meet a previously stated yearly growth target of 7.5%. However, HSBC's services PMI for China fell to 52.1 in February from 54.0 in the prior month. In Europe, the shared currency region's services PMI rose to 47.9 in February from 47.3 a month ago. Also, euro zone retail sales sales grew 1.2% in January, beating expectations... COMPANY NEWS: Shares of J.C. Penney (JCP) slid over 9% after 10M of its shares were sold in a block trade through Deutsche Bank (DB). Bloomberg and CNBC reported that the shares were sold by Vornado Realty Trust (VNO), Penney's second-biggest shareholder, and represented almost half of its stake in the department-store chain... Nearly every member of the Dow Jones Industrial Average advanced, led by Hewlett-Packard (HPQ) and Bank of America (BAC), which both gained over 2%... MAJOR MOVERS: Among the notable gainers was Cree (CREE), up 15% after announcing the launch of a new lineup of low cost LED bulbs and increasing its guidance. Also higher were shares of Zoltek (ZOLT), which rose nearly 14% after the Quinpario Group disclosed a 10% stake in the company and said it sees an opportunity "to dramatically improve Zoltek's operational performance." Among the noteworthy losers was Impax Laboratories (IPXL), which fell more than 25% after it announced the receipt of an FDA warning about continued manufacturing issues at one of its facilities and the stock was downgraded at Canaccord and Leerink. Also lower was CommonWealth REIT (CWH), which slid almost 4% after it announced that a Massachusetts court denied requests to block a planned equity offering being opposed by several stakeholders... INDICES: Near noon, the Dow was up 137.31, or 0.97%, to 14,265.13; the Nasdaq was up 39.75, or 1.25%, to 3,221.78; and the S&P 500 was up 14.89, or 0.98%, to 1,540.09. |
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News For JCP;VNO;HPQ;BAC;CREE;ZOLT;IPXL;CWH From The Last 14 Days Check below for free stories on JCP;VNO;HPQ;BAC;CREE;ZOLT;IPXL;CWH the last two weeks. |
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| May 23, 2013 |
| 16:23 EDT | | HPQ | On The Fly: Closing Wrap
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| 16:00 EDT |  | HPQ | Options Update; May 23, 2013
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| 14:58 EDT | | JCP | J.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement. |
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| 12:38 EDT | | HPQ | On The Fly: Midday Wrap
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| 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
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| 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
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| 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
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| 09:21 EDT |  | HPQ | HP must diversify product options, Meg Whitman says
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| 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
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| 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
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| 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
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| 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
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| 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. |
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| 07:12 EDT |  | BAC | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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| 06:08 EDT | | BAC | On the Fly: Periodicals Wrap-Up
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| 05:52 EDT | | HPQ | Hewlett-Packard upgraded to Hold from Underperform at Jefferies
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| 05:48 EDT | | HPQ | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 18:52 EDT | | HPQ | On The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 13.4% after reporting second quarter earnings that beat expectations and guiding third quarter and full-year earnings above estimates... Pacific Sunwear (PSUN), up 14.3%. ALSO HIGHER: Merck (MRK), up 0.2% after an FDA advisory panel voted 13-3 in support of the safety of initial doses of its insomnia drug suvorexant. DOWN AFTER EARNINGS: DryShips (DRYS), down 4.7%. ALSO LOWER: Apricus Biosciences (APRI), down 11.5% after filing to sell an ungiven amount of stock... NCI Building Systems (NCS) after being replaced by Cynosure (CYNO) in the S&P 600 as of May 31. |
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| 17:52 EDT | | HPQ | Hewlett-Packard's Whitman says 'encouraged with where we are' with turnaround
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| 16:12 EDT | | HPQ | Hewlett-Packard reports Q2 cash flow from operations $3.6B
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