New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 15, 2014
12:39 EDTMNST, JWN, GOOG, VRNG, JCP, TASR, KO, AOL, ACHNOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market drifted higher after the bell, but lost all momentum when reports surfaced that the Ukraine army fired on a Russian convoy that crossed the border. The equity averages quickly fell, while oil prices rose and gold recouped some of its early losses. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of beverage company Monster Beverage (MNST) surged 27% higher after Coca-Cola (KO) took a 16.7% stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster Beverage, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster. Monster will transfer its non-energy business. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 11% after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Taser (TASR), which gained 8% after Craig-Hallum said in a note to investors that its checks indicate Taser's AXON on-officer body cam will be rolled out to 16K London Met police officers over the next two years. Among the noteworthy losers was Vringo (VRNG), which plunged 75% after confirming that an appeals court reversed a jury's verdict and held that the asserted claims of the patents-in-suit in the company's wholly-owned subsidiary I/P Engine's litigation against Google (GOOG), AOL (AOL) and others are invalid. Also lower following their earnings reports were two department store operators: J.C. Penney (JCP), which fell nearly 4%, and Nordstrom (JWN), which dropped more than 4%. INDEXES: Near midday, the Dow was down 86.25, or 0.52%, to 16,627.33, the Nasdaq was down 11.44, or 0.26%, to 4,441.56, and the S&P 500 was down 6.54, or 0.33%, to 1,948.64.
News For MNST;KO;VRNG;ACHN;TASR;GOOG;AOL;JCP;JWN 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 | 5 | 6 | 7 | 8 | 9 | all recent news | >>
May 12, 2015
07:09 EDTAOLAOL CEO says will 'certainly' buy Verizon stock
Subscribe for More Information
07:08 EDTAOLAOL CEO says company has 'shared vision' with Verizon
Subscribe for More Information
07:06 EDTAOLAOL volatility elevated into Verizon acquiring for $4.4B
Subscribe for More Information
07:03 EDTAOLVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
Subscribe for More Information
07:01 EDTAOLVerizon to acquire AOL for $50 per share, an estimated total value of $4.4B
Subscribe for More Information
07:01 EDTAOLVerizon to acquire AOL for $50 per share, or $4.4B
Subscribe for More Information
07:00 EDTGOOGPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
Subscribe for More Information
06:53 EDTGOOGGoogle sees India business doubling every year, Economic Times says
Subscribe for More Information
06:07 EDTGOOGGoogle's Urmson: Self-driving cars not the cause of accidents, Medium reports
Subscribe for More Information
06:04 EDTGOOGGoogle's self-driving cars in three collisons since September, AP reports
Subscribe for More Information
May 11, 2015
19:05 EDTGOOGFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTJCPOptions Update; May 11, 2015
Subscribe for More Information
11:51 EDTAOLCLSA, UBS diverge widely on AOL following Q1 results
Subscribe for More Information
11:03 EDTGOOGLionsgate, Google Play partner on 'The Mad Men Experience'
Subscribe for More Information
09:59 EDTAOLOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:59 EDTMNSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
08:39 EDTAOLAOL well positioned to capitalize on industry shifts, says UBS
UBS believes AOL is well positioned to capitalize on the shifts to video display advertising, deep brand marketing services on digital properties, and the trend toward programmatic buying in the coming years. UBS reiterated its Buy rating and $50 price target on AOL shares.
07:42 EDTAOL, AOLAOL downgraded to Sell from Underperform at CLSA
Subscribe for More Information
06:19 EDTMNSTMonster Beverage upgraded to Buy from Neutral at Citigroup
Subscribe for More Information
06:11 EDTGOOGStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 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