News Breaks |
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| November 8, 2012 |
| 12:40 EDT |  | QCOM, JPM, BWC, MWW, PANL, MCD | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, extending yesterday's slide after the futures trading had hinted a reversal might be ahead. The averages began the session slightly higher but failed to gain any upside momentum and eventually crossed into negative territory. When it was reported that EU finance ministers wanted to wait for a report from the Troika before committing bailout funds to Greece, the averages weakened further. Although each of the indices remain lower, trading has been range bound near the flat line... ECONOMIC EVENTS: In the U.S., weekly jobless claims fell by 8,000 to 355,000, which was lower than expected, but the data was impacted by Hurricane Sandy. The U.S. trade deficit unexpectedly narrowed in September to $41.5B, as exports climbed 3.1 % and imports rose 1.5% as well. In Europe, the European Central Bank held its main interest rate at 0.75% and reiterated its willingness to make bond purchases to aid Spain, though the nation continues to resist asking for a bailout. The Bank of England also held its rates steady and halted expansion of its third round of quantitative easing. The Greek Parliament passed austerity measures, but reports indicated that euro zone finance ministers may delay its next trance of aid until they get a full report on the country’s compliance with the terms of its bailout... COMPANY NEWS: JPMorgan (JPM) shares briefly rallied but pulled back to be up just over 0.5% near midday after the company said it had been given Federal Reserve approval to buyback up to $3B in stock in the first quarter of 2013. The bank also disclosed that it had reached an 'agreement in principle' to settle certain probes from the Securities and Exchange Commission... McDonald’s (MCD) said comparable store sales fell 1.8% in October, which was the first monthly decline in nine years, and shares fell about 1.5%... MAJOR MOVERS: Among the notable gainers was Monster Worldwide (MWW), up over 16% following its stronger than expected earnings report and announcement of restructuring plans. Also higher were shares of Qualcomm (QCOM), which rose more than 6% as Deutsche Bank raised its price target on the stock to $74, citing the company's results and guidance. Among the noteworthy losers was Universal Display (PANL), down 18% after it lowered its FY12 revenue view, which prompted downgrades at Wedbush and Avondale but also defenses of the stock from JMP Securities and Cowen. Also declining was Babcock & Wilcox (BWC) down 11% after its earnings and revenue fell short of expectations... INDICES: Near 12:30 pm ET, the Dow was down 32.63, or 0.25%, to 12,900.10; the Nasdaq was down 16.27, or 0.55%, to 2,921.02; and the S&P 500 was down 5.09, or 0.37%, to 1,389.44. |
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News For JPM;MCD;MWW;QCOM;PANL;BWC From The Last 14 Days Check below for free stories on JPM;MCD;MWW;QCOM;PANL;BWC the last two weeks. |
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| May 24, 2013 |
| 11:30 EDT |  | MCD | McDonald's appears to be topping out, levels to watch
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| 07:39 EDT |  | MCD | McDonald's defends itself against children and obesity, Reuters reports
For the second straight year, McDonald's investors rejected a shareholder proposal that would have required the fast-food chain to assess its impact on childhood obesity, reports Reuters. Reference Link |
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| May 23, 2013 |
| 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
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| 11:56 EDT |  | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. |
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| 11:31 EDT | | QCOM | Cirrus Logic tumbles after reducing long-term margin outlook
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| 10:10 EDT | | PANL | Google Glass reportedly to use Samsung OLED displays, SlashGear says
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| 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
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| 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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| 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link |
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| 06:29 EDT | | JPM | Software firm Luxoft files for IPO in New York, Bloomberg reports
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| 06:08 EDT | | JPM | On the Fly: Periodicals Wrap-Up
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| 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
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| 10:31 EDT | | JPM | JPMorgan spikes higher along with peers, levels to watch
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| 09:02 EDT | | JPM | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. |
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| May 21, 2013 |
| 16:26 EDT | | JPM | On The Fly: Closing Wrap
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| 12:36 EDT | | JPM | On The Fly: Midday Wrap
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| 11:47 EDT | | JPM | JPMorgan holders vote to keep Dimon as Chairman, CEO
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| 11:09 EDT | | JPM | JPMorgan's Raymond says 'stay tuned' on composition of risk committee
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| 11:03 EDT | | JPM | JPMorgan's Dimon says more regulatory consent orders expected
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