New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:54 EDTCAMP, DAL, STZ, KR, STEM, JPM, VITC, SFLYOn 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 (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.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
October 1, 2015
16:03 EDTCAMPCalAmp sees Q3 EPS 26c-30c, consensus 28c
Sees Q3 revenue $71M-$76M, consensus $73.07M.
16:02 EDTCAMPCalAmp reports Q2 EPS 27c, consensus 26c
Subscribe for More Information
15:40 EDTDALDirect scheduled U.S-Cuba commercial flights not likely this year, WSJ says
Subscribe for More Information
15:00 EDTCAMPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Micron (MU), consensus 33c... Progress Software (PRGS), consensus 37c... CalAmp (CAMP), consensus 26c.
08:51 EDTJPMOversold bank stocks due for a bounce, says Baird
Following the worst quarter for the S&P 500 and for the KBW Nasdaq Bank Index since the third quarter of 2011, Baird analyst David George contends that "broadly oversold" bank stocks are due for a bounce. The analyst believes that even in-line results should help improve the bearish sentiment on the sector and could see bouncebacks for defensive names like JPMorgan (JPM), PNC (PNC) and BB&T (BBT) as well as for higher-beta names like Bank of America (BAC) and Capital One (COF).
08:04 EDTSTZConstellation Brands October volatility elevated into Q1 and outlook
Subscribe for More Information
08:00 EDTJPMSecurity Traders Association to hold a conference
Subscribe for More Information
06:44 EDTDALSouthwest defends Dallas Love Field gate purchase, AP reports
Subscribe for More Information
September 30, 2015
09:29 EDTDALBuckeye Partners announces FERC approval of settlement with airlines
Subscribe for More Information
07:46 EDTJPMFed liftoff may be more turbulent for banks than expected, WSJ says
Subscribe for More Information
07:33 EDTJPMJPMorgan must face 'London Whale' class action suit, Reuters reports
Subscribe for More Information
07:18 EDTJPMSecurities Industry and Financial Markets Association to hold a forum
Subscribe for More Information
September 29, 2015
09:22 EDTJPMMorningstar to hold a conference
Subscribe for More Information
September 25, 2015
17:33 EDTDALDelta Air Lines, Google, Amgen look attractively priced, Barron's says
Subscribe for More Information
06:53 EDTCAMPCalAmp still has 'substantial growth' at Caterpillar, says Northland
Subscribe for More Information
September 24, 2015
10:19 EDTDALDelta increases service between New York-JFK and Tel Aviv
Delta Air Lines (DAL) will add four weekly year-round flights between its New York-JFK hub and Tel Aviv beginning May 26, 2016. The new flights will be available for sale beginning Saturday, Sept. 26, 2015. The additional flights will complement Delta's existing daily service to Tel Aviv for a total of 11 weekly flights between the two cities and third largest trans-Atlantic market. Delta will operate the added flights with a 291-seat, Boeing (BA) 777-200ER, which is Wi-Fi equipped so customers can stay connected at 30,000 feet.
10:03 EDTDALDelta adds nonstop service from Raleigh-Durham to Paris
Subscribe for More Information
07:10 EDTJPMBanks clash with regulators over energy lending, WSJ reports
Banks are fighting with regulators over loan reviews that might compress the flow of net credit to the oil patch, the Wall Street Journal reports. The disagreement is focused on the narrow issue of loans secured by oil and gas companies' reserves, but it highlights the point of how postcrisis regulation of the financial industry impacts sectors outside of Wall Street, the report says. Caught in between banks and regulators are the small and medium exploration and production companies that rely on credit lines using their energy reserves as collateral, the report says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 23, 2015
16:00 EDTJPMOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
September 22, 2015
16:00 EDTJPMOptions Update; September 22, 2015
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use