New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 8, 2014
16:28 EDTMCD, TKMR, NVDA, POST, IRGOn The Fly: Closing Wrap
Stocks began the session in positive territory despite President Obama authorizing air strikes against the Islamic State militant group in northern Iraq in conjunction with a humanitarian effort. The early move higher stalled but the market then moved higher as reports confirmed that Russian military aircraft exercises near the Ukraine border had ended, as planned. ECONOMIC EVENTS: In the U.S., productivity growth rose 2.5% in the second quarter, beating expectations for a rise of 1.6%. Second quarter unit labor costs, however, only increased 0.6%, which was below the 1% consensus forecast. Wholesale inventories increased 0.3% in June, and sales were up 0.2%, which were both below expectations. COMPANY NEWS: Shares of McDonald's (MCD) were fractionally higher despite the company reporting that its comparable store sales fell 2.5% in July, which was significantly worse than expected. The fast food giant stated that its U.S. comparable sales were down 3.2% in the month compared to the same month of last year and that comp sales in Asia/Pacific, Middle East and Africa dropped 7.3%. The APMEA region's comparable sales decline reflects the impact of food quality and safety issues at a supplier to McDonald's and other food companies in China which caused a "significant negative impact" to results in China, Japan and certain other markets, the company noted. As a result of the China supplier issue, the company's previously issued global comparable sales forecast for 2014 is now at risk, McDonald's added. MAJOR MOVERS: Among the notable gainers was chip maker NVIDIA (NVDA), which rose $1.54, or 8.82%, to $19.00 after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. Also higher was small-cap Tekmira Pharmaceuticals (TKMR), which jumped $6.43, or 45.06%, to $20.70 after announcing that the FDA has verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola Investigational New Drug Application to a partial clinical hold. Among the noteworthy losers was cereal maker Post Holdings (POST), which fell $7.08, or 15.91%, to $37.43 and was downgraded to Neutral from Buy at SunTrust after the company reported an adjusted net loss for its third quarter and agreed to acquire American Blanching Company for $128M. Also lower were shares of Ignite Restaurant (IRG), the owner of the Joe’s Crab Shack and Macaroni Grill brands, which fell $4.33, or 34.98%, to $8.05 after reporting second quarter results that missed analysts' expectations and having its shares downgraded at Raymond James and CL King. INDEXES: The Dow advanced 185.66, or 1.13%, to 16,553.93, the Nasdaq gained 35.93, or 0.83%, to 4,370.90, and the S&P 500 rose 22.02, or 1.15%, to 1,931.59.
News For MCD;TKMR;NVDA;POST;IRG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
15:01 EDTMCDMcDonald's calls active on speculation of a large investor stake
McDonald's October weekly 95, 96 and 97 calls are active on total call volume of 34K contracts (5K) on speculation of a large investor stake. October weekly call option implied volatility is at 23, October is at 16, November is at 15, January is at 14; compared to its 26-week average of 15 according to Track Data. Active call volume suggests trader’s takers taking positions for large price movement.
14:53 EDTMCDRumor: McDonald's moves up on speculation of a large investor stake
Subscribe for More Information
September 26, 2014
13:46 EDTMCDMcDonald's HQ evacuated after suspicious package found, Chicago Business reports
Subscribe for More Information
07:47 EDTTKMREMA to review BioCryst, Sarepta, Tekmira experimental Ebola medicines
Subscribe for More Information
September 25, 2014
06:41 EDTTKMRTekmira volatility flat on wide price movement
Subscribe for More Information
September 24, 2014
06:25 EDTNVDAAMD, NVIDIA sees shrinking GPU demand in Q4, DigiTimes reports
AMD (AMD) and NVIDIA (NVDA) expect to see demand for their discrete mobile GPUs to decrease, reports DigiTimes. Citing Taiwan-based supply chain makers, the decrease is due to notebook vendors that plan to launch low-cost models with CPUs with integrated graphics in Q4. Reference Link
September 23, 2014
06:13 EDTTKMRTekmira to collaborate with international consortium researching Ebola
Subscribe for More Information
September 22, 2014
13:02 EDTTKMRTekmira surges on FDA authorization of TKM-Ebola for emergency use
Subscribe for More Information
12:57 EDTTKMRTekmira up 20% following FDA authorization of TKM-Ebola for emergency use
09:16 EDTTKMRTekmira establishes regulatory framework for emergency use of TKM-Ebola
Subscribe for More Information
07:14 EDTNVDAGSM Association to hold a conference
Subscribe for More Information
September 19, 2014
16:14 EDTPOSTGabelli reports 5.29% stake in Post Holdings
Subscribe for More Information
07:31 EDTMCDMcDonald's dividend increase unfavorable, says Wells Fargo
Subscribe for More Information
September 18, 2014
16:32 EDTMCDMcDonald's expects to return $18B-$20B to shareholders between 2014-2016
Subscribe for More Information
16:31 EDTMCDMcDonald's raises quarterly dividend 5% to 85c per share
The dividend is payable on December 15 to shareholders of record at the close of business on December 1.
September 17, 2014
15:02 EDTTKMRCongressman questions why FDA hasn't moved on Ebola drug, The Hill says
Republican Congressman Michael Burgess said he was "bewildered" as to why the FDA continues to have a hold on Tekmira's TKS-Ebloa drug, a treatment for Ebola, according to The Hill. However, Democratic Congresswoman Betty McCollum warned against using Africa as a "testing ground" for drugs that haven't been property screened, the website noted. Reference Link
11:11 EDTPOSTGeneral Mills crumbles after earnings miss, downgrade
Subscribe for More Information
September 16, 2014
13:19 EDTMCDMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link
06:02 EDTMCDMcDonald's offering free coffee during breakfast hours for 2 weeks, Time reports
Subscribe for More Information

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