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Stock Market & Financial Investment News

News Breaks
July 11, 2014
09:09 EDTFNMA, ISLE, MTG, RCII, LO, QCOM, FAST, CUDA, WFC, FMCC, QCOR, RDN, GPS, RAIOn The Fly: Pre-market Movers
HIGHER: Lorillard (LO) up 5% after confirming talks with Reynolds (RAI) about a potential merger. Reynolds shares are also up 1.2% following the news... Barracuda Networks (CUDA), up 2.5% after reporting better than expected earnings. LOWER: Wells Fargo (WFC), down 1% after reporting Q2 earnings that matched estimates... Rent-A-Center (RCII), down 12% following its Q2 profit warning... MGIC Investment (MTG), down 15% and Radian Group (RDN), down 7% following FHFA's proposal to tighten capital rules for private mortgage insurance companies that insure mortgage loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC)... Fifth Street Finance (FSC), down 4% after filing to sell 13.25M shares of common stock... Fastenal (FAST), down 3% after Q2 revenue misses consensus... Qualcomm (QCOM), down 1% after downgraded at Goldman... Gap (GPS), down 1.4% after reporting its June same-store sales fell 2%... Isle of Capri (ISLE), down 10.5% after CFO Black to leave company... Questcor (QCOR), down 1% after NY Times reports on the company's disclosure of Acthar adverse effects data.
News For LO;RAI;WFC;RCII;GPS;CUDA;MTG;RDN;FAST;ISLE;QCOR;QCOM;FNMA;FMCC From The Last 14 Days
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May 14, 2015
09:31 EDTFNMAJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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06:51 EDTWFCWells Fargo looking to streamline operations, Charlotte Observer says
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May 13, 2015
07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.
May 12, 2015
19:52 EDTFNMA, FMCCNomura, RBS could pay $805M in mortgage ruling, Reuters says
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16:49 EDTWFCWells Fargo to pay $77M in trust fund case, St. Louis Today says
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10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
08:50 EDTMTGMGIC Investment management to meet with MKM Partners
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07:48 EDTFMCC, WFCStandard & Poor's to hold a summit
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06:24 EDTGPSGap downgraded to Market Perform from Outperform at FBR Capital
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May 11, 2015
17:55 EDTGPSGap price target lowered to $44 from $47 at Cantor
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16:06 EDTGPSGap down 1.2% after reporting April, Q1 same-store sales
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16:05 EDTGPSGap sees Q1 EPS 55c-56c, consensus 55c
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16:04 EDTGPSGap reports Q1 SSS down 4%
Gap reported Q1 net sales decreased 3% to $3.66B, compared with $3.77B for the first quarter last year. The translation of net sales in foreign currencies into U.S. dollars negatively impacted the company’s reported sales for Q1 by about $90M, primarily due to the weakening Japanese yen and Canadian dollar. On a constant currency basis, net sales for the first quarter of fiscal year 2015 decreased 1% compared with last year. Gap Inc.’s comparable sales for Q1 were down 4%, versus negative 1% last year. Comparable sales by global brand for the first quarter were as follows: Gap Global: negative 10%; Banana Republic Global: negative 8%; Old Navy Global: positive 3%.
16:02 EDTGPSGap reports April SSS down 12%
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15:53 EDTFMCC, FNMAJudge says Nomura misled Freddie, Fannie, HousingWire says
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09:37 EDTQCOMActive equity options trading on open
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08:18 EDTWFCBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:26 EDTQCOMQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
May 8, 2015
13:32 EDTQCOMParkerVision weakness attributed to patent appeal proceedings
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07:12 EDTMTGMGIC Investment reports April primary new insurance written $3.6B
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