New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 5, 2014
09:16 EDTBSFT, AUXL, OWW, TGT, SUNE, OZM, SINA, KING, JPM, IRDM, RAIL, BEAV, ARIAOn The Fly: Pre-market Movers
HIGHER: Orbitz (OWW), up 9% after Q1 revenue, Q2 revenue outlook top estimates... ARIAD (ARIA), up 3% following upgrade at Jefferies... King Digital (KING), up 2.5% after stock initiated at several firms, including with an Overweight rating at JPMorgan and with a Buy at Deutsche Bank... BE Aerospace (BEAV), up 9% after announcing its plan to explore strategic alternatives to enhance shareholder value... Och-Ziff Capital (OZM), up 2.9% after upgraded at Keefe Bruyette. DOWN AFTER EARNINGS: Auxilium (AUXL), down 5%... FreightCar America (RAIL), down 5.2%... BroadSoft (BSFT), down 16%... Realogy (RLGY), down 6%. ALSO LOWER: Target (TGT), down 1.4% after its CEO Gregg Steinhafel stepped down, effective immediately, and was replaced on an interim basis by CFO John Mulligan.. JPMorgan (JPM), down 3% after reporting in its 10-Q filed with the SEC that it sees Q2 markets revenue down 20% from prior year... SINA (SINA), down 3.2% after downgraded at Oppenheimer... Iridium (IRDM), down 5.6% raising $50M in a direct offering of shares to Baron Funds... SunEdison (SUNE), down 2.8% after Barron's says the company's YieldCo plan could bring scrutiny over taxes.
News For JPM;TGT;ARIA;KING;OWW;BEAV;SINA;AUXL;RAIL;OZM;BSFT;IRDM;SUNE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
April 14, 2015
07:17 EDTJPMJPMorgan reports firmwide total credit reserves of $14.7B
Subscribe for More Information
07:10 EDTJPMJPMorgan up 0.5% to $62.35 in pre-market following Q1 report
Subscribe for More Information
07:08 EDTJPMJPMorgan reports Q1 Basel III common equity Tier 1 ratio 10.6%
Subscribe for More Information
07:06 EDTJPMJPMorgan CEO says franchise getting safer, stronger
Jamie Dimon, JPMorgan Chairman and CEO, said: “JPMorgan Chase continues to support consumers, businesses and communities and make a significant positive impact. We have an outstanding franchise which is getting safer and stronger, and is gaining market share over time. We continue to build the company for the long-term, we are investing in controls, infrastructure, systems, technology, new products and bankers. We will continue to navigate challenges and deliver for our clients, shareholders and communities.”
07:03 EDTJPMJPMorgan reports tangible book value per share up 9% to $45.45
Subscribe for More Information
07:01 EDTJPMJPMorgan says Q1 results include $487M, or 13c, significant item legal expense
Subscribe for More Information
07:00 EDTJPMJPMorgan reports Q1 EPS $1.45, consensus $1.40
Reports Q1 GAAP revenue $24.1B, consensus $24.5B. Reports Q1 managed basis revenue $24.82B.
April 13, 2015
16:21 EDTSINA, JPMOn The Fly: Top stock stories for Monday
Subscribe for More Information
15:38 EDTJPMNotable companies reporting before tomorrow's open
Subscribe for More Information
15:18 EDTJPMJPMorgan technical notes ahead of earnings
The shares are trading close to the 52-week high which is at $63.49. On strongly positive news, the stock would be pushed toward the life high at $67.17. That would be an important technical milestone if it was reached. Traders should note however that that move would on a long-term basis appear as a move up to prior resistance without being a bullish breakout. Until or if there is a breakout above the old life high, there is retracement risk even on good results. On news that is more bearish than current expectations would suggest, first major support would be at the 50-day moving average at $60.10. On a move below that level, next support would be at $57.87.
15:10 EDTJPMJPMorgan April 62 straddle priced for 2.6% movement into Q1
Subscribe for More Information
14:20 EDTARIANHS Scotland accepts ARIAD's Iclusig for use
Subscribe for More Information
14:18 EDTTGTTarget names Anne Dament as SVP, Merchandising
Subscribe for More Information
13:57 EDTJPMEarnings Watch: Analysts upbeat on JPMorgan ahead of Q1 results
Subscribe for More Information
13:26 EDTSINAOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
11:12 EDTJPMJP Morgan April volatility elevated into Q1 and outlook
Subscribe for More Information
09:38 EDTSINASINA trades lower after Beijing warns on insufficient censorship
Subscribe for More Information
09:20 EDTSINAOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
06:29 EDTSINAChina may shut down Sina if censorship doesn't improve, Financial Times says
Subscribe for More Information
06:22 EDTTGTGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
1 | 2 | 3 | 4 | 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