New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:54 EDTVITC, SFLY, CAMP, DAL, STZ, KR, STEM, JPMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after ADP's hiring report gave some reassurance that tomorrow's monthly non-farm payroll report report may be a strong one. Despite ADP's employment change report soundly beating the consensus forecast, stock index futures showed little reaction, leading to a quiet open for the broader market. The averages have moved in a narrow range since the open and have done so on light volume. ECONOMIC EVENTS: Payroll provider ADP estimated that U.S. companies added 281,000 workers to their payrolls in June, which was well above the consensus 210,000 forecast. Factory orders fell 0.5% in May, versus the forecast for them to be down 0.4%. COMPANY NEWS: JPMorgan Chase (JPM) chairman and CEO Jamie Dimon announced to employees and shareholders that he has been diagnosed with throat cancer. "The good news is that the prognosis from my doctors is excellent, the cancer was caught quickly, and my condition is curable," Dimon stated, adding that he will be able to continue to be actively involved in the business and will continue to run the company as normal... Shares of beer and wine maker Constellation Brands (STZ) advanced 3% after after its quarterly results beat expectations and the company raised its FY15 earnings view. MAJOR MOVERS: Among the notable gainers was online healthy living products retailer Vitacost.com (VITC), which jumped 27% after grocer Kroger (KR) agreed to buy the company for $280M, or $8.00 per share. Also higher was StemCells (STEM), which rose 15% after Brinson Patrick initiated coverage of the stock with an Outperform rating and $7 price target, saying it expects the company to have robust Phase II data over the next 24 months for its neural stem cells in both chronic spinal cord injury and geographic atrophy age-related macular degeneration. Another stock trading higher was Shutterfly (SFLY), which gained 14% after Bloomberg, citing sources, said the company has hired investment bank Qatalyst Partners to help it potentially sell itself. Among the noteworthy losers was CalAmp (CAMP), which fell 11% after reporting quarterly results and second quarter guidance that missed analysts' consensus estimates. Also lower were shares of Delta Air Lines (DAL), which fell 5% after reporting its passenger revenue per available seat mile, or PRASM, rose 4.5% in June and noting that corporate and domestic strength offset lower than expected international yields driven by industry-wide capacity increases and lower business demand to Latin America due to the World Cup. After Delta's report, Cowen suggested using the associated weakness in airline stocks as a buying opportunity. INDEXES: Near midday, the Dow was up 14.66, or 0.09%, to 16,970.73, the Nasdaq was up 4.68, or 0.1%, to 4,463.33, and the S&P 500 was up 0.91, or 0.05%, to 1,974.23.
News For JPM;STZ;SFLY;STEM;DAL;VITC;KR;CAMP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 25, 2015
09:59 EDTJPMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:35 EDTJPMActive equity options trading on open
Subscribe for More Information
09:13 EDTJPMOn The Fly: Pre-market Movers
Subscribe for More Information
07:28 EDTJPM, JPMJPMorgan upgraded to Buy from Outperform at CLSA
CLSA analyst Mike Mayo upgraded JPMorgan to Buy from Outperform with a $78 price target. Mayo said JPMorgan offers the most stable earnings of U.S. global banks for the past decade, a resilient balance sheet, and a dividend yield above the 10 year bond that implies outperformance 85% of the time historically.
August 24, 2015
18:02 EDTJPMS&P 500 enters correction territory amid global growth concerns
Subscribe for More Information
07:34 EDTJPMJP Morgan volatility at high end of range
Subscribe for More Information
August 23, 2015
13:23 EDTDALDelta CEO says company deserves higher price/earnings ratio, Barron's reports
Subscribe for More Information
August 21, 2015
08:40 EDTJPMCanadian Security Traders Association to hold a conference
Subscribe for More Information
06:51 EDTSFLYShutterfly discloses Lisa Blackwood-Krapal appointed Chief Accounting Officer
Subscribe for More Information
05:52 EDTDALDelta Air Lines implied volatility of 36 at lower end of index mean range
Subscribe for More Information
August 20, 2015
09:09 EDTCAMPCalAmp announces OEM partnership with Toyota
CalAmp has signed an OEM partner agreement to provide devices and platform services to power Toyota Industrial Equipment's, or TIE, new T-Matics MOBILE Vehicle Management System, or VMS, a fleet management tool that tracks and reports operating behavior of forklifts and forklift operators communicating over public cellular networks. The CalAmp solution will be installed directly on TIE's production line.
09:03 EDTJPMJPMorgan appoints General Ray Odierno as senior advisor
JPMorgan Chase & Co. announced the appointment of retired four-star General Raymond T. Odierno, former Chief of Staff of the U.S. Army, to a senior advisory capacity at the firm, effective September 1.
August 19, 2015
14:42 EDTJPMBanks cooperate on data company to lower costs, WSJ says
Subscribe for More Information
August 18, 2015
20:00 EDTDALAirline stocks fall as companies face probes, labor issues, WSJ says
Subscribe for More Information
16:58 EDTJPMJPMorgan in talks to settle investment bias charges for $150M, WSJ says
JPMorgan is in advanced discussions with the SEC to settle allegations that it inappropriately guided clients to its own investment products, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
16:00 EDTDALOptions Update; August 18, 2015
Subscribe for More Information
09:07 EDTSTZConstellation Brands acquires minority stake in Crafthouse Cocktails
Subscribe for More Information
August 17, 2015
18:40 EDTSTZConstellation Brands takes stake in pre-mixed drink startup, WSJ says
Subscribe for More Information
06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
Subscribe for More Information
05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
1 | 2 >>

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