New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 19, 2012
12:13 EDTLOW, TSN, BMTI, WMGI, ARUN, CSCOOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday as sales of existing homes rose in October and a gauge of homebuilder sentiment climbed to a six-year high in November. Stocks began the session higher as investors appeared to be more optimistic that congressional leaders could agree on compromises to solve the fiscal cliff dilemma. The market picked up momentum shortly after the open following the impressive real estate data. The market has been in a holding pattern for about the last two hours and continues to trade in a narrow range... ECONOMIC EVENTS: In the U.S., the National Association of Realtors said that resales of existing homes climbed 2.1% last month to a seasonally adjusted annual rate of 4.79M units, beating forecasts for sales to have declined 0.2% from the prior month. The housing market index for November, a barometer of homebuilder sentiment, rose to 46, versus expectations for a flat 41 reading... COMPANY NEWS: Lowe's (LOW) reported earnings per share with charges that met expectations and revenue that beat consensus, sending shares up 7%... MAJOR MOVERS: Among the notable gainers was Tyson Foods (TSN), up 8.5% after beating quarterly expectations, raising its regular dividend and declaring a special dividend. Also higher were shares of BioMimetic Therapeutics (BMTI), up 75% after striking a deal to merge with Wright Medical (WMGI). Wright moved lower fractionally following the announcement. Among the other losers was Aruba Networks (ARUN), which retreated a bit over 1% after Cisco (CSCO) bought Meraki, a competitor to Aruba... INDICES: Near noon, the Dow was up 175.09, or 1.39%, to 12,763.40; the Nasdaq was up 50.51, or 1.77%, to 2,903.64; and the S&P 500 was up 22.83, or 1.68%, to 1,382.71.
News For LOW;TSN;BMTI;WMGI;ARUN;CSCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 17, 2014
09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
Subscribe for More Information
09:07 EDTTSNProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
Subscribe for More Information
07:39 EDTTSNChicken stock sell-off yesterday overdone, says JPMorgan
Subscribe for More Information
07:31 EDTWMGIWright Medical risk/reward positive into FDA decision, says JPMorgan
Subscribe for More Information
October 16, 2014
15:35 EDTTSNSanderson Farms falls following investor day meeting
Subscribe for More Information
October 15, 2014
06:15 EDTCSCOCisco lays off 900 in San Jose area, Silicon Valley Business Journal says
Subscribe for More Information
October 14, 2014
10:01 EDTLOWOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:23 EDTLOWLowe's downgraded to Neutral from Buy at SunTrust
Subscribe for More Information
October 13, 2014
08:46 EDTLOWSpeed Commerce partners with Lowe's for e-commerce platform in Monterrey, Mexico
Subscribe for More Information
October 12, 2014
17:20 EDTCSCOGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information
October 9, 2014
13:39 EDTCSCOCisco denies rumors that it will stop investing in VCE JV, The Register reports
Subscribe for More Information
13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
Subscribe for More Information
11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
Subscribe for More Information
06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
October 8, 2014
20:04 EDTARUNAruba Networks selected for Wi-Fi Alliance Passpoint test bed
Subscribe for More Information
09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
October 7, 2014
07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
Subscribe for More Information
06:52 EDTCSCO, ARUNAruba Networks may be displacing Cisco in some verticals, says RBC Capital
Subscribe for More Information
1 | 2 | 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