New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 24, 2014
16:23 EDTVRTX, WWWW, ICE, MU, WIX, GOOGOn The Fly: Closing Wrap
Stocks on Wall Street were lower despite reports that showed new home sales rose more than anticipated in May and consumer confidence was higher than expected in June. The S&P managed to hit a new intra-day high early in the session and the Dow crept towards 17,000, but by mid-afternoon the averages weakened as headlines told of Syrian jets firing on Iraq. The potential for an escalation in violence in the Middle East pushed the buyers to the sidelines and put the sellers in firm control into the close. ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of property values in 20 cities for April had its smallest 12-month gain in more than a year, rising 10.8% from the same month of last year. However, a separate report showed that new home sales surged 18.6% in May to a 504K annual rate, beating expectations. The Conference Board's consumer confidence index climbed to 85.2 in June, beating expectations and hitting its highest level since 2008. The Richmond Fed manufacturing index dipped to 3 in June from 7 in both April and May. COMPANY NEWS: Shares of computer memory maker Micron Technology (MU) advanced $1.24, or 3.97%, to $32.50 after the company's third quarter profits and revenue surpassed analysts' expectations. Following its report and guidance last night, Needham upgraded Micron to Strong Buy and raised its price target for shares to $50 from $40, while analysts at Roth Capital, Jefferies, and JPMorgan also raised their price targets on the stock. MAJOR MOVERS: Among the notable gainers was Vertex Pharmaceuticals (VRTX), which surged $26.92, or 40.41%, to $93.53 after its combination of drugs designed to treat cystic fibrosis succeeded in improving lung function in a pair of clinical trials. Also higher was Wix.com (WIX), which rose $2.27, or 12.77%, to $20.04 after Google (GOOG) announced it is testing a new domain service and Wells Fargo noted that the search giant is partnering with providers like Wix and others for hosting services. Among the noteworthy losers was Web.com (WWWW), which plunged $6.90, or 19.94%, to $27.70 after Google's domain name market entry. Web.com shares were defended by no less than four Street research firms, with Piper Jaffray saying it believes that concerns about the impact on Web.com are overblown. Also lower was IntercontinentalExchange (ICE), which fell $8.01, or 4.04%, to $190.18 after Wells Fargo downgraded its stock to Market Perform from Outperform, citing high earnings expectations and a lower assumed growth rate for its core energy business. INDEXES: The Dow fell 119.13, or 0.7%, to 16,818.13, the Nasdaq dropped 18.32, or 0.42%, to 4,350.36, and the S&P 500 declined 12.63, or 0.64%, to 1,949.98.
News For MU;WWWW;GOOG;ICE;VRTX;WIX 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 | >>
February 20, 2015
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
February 19, 2015
07:29 EDTWIXWix.com one of the most underappreciated in software, says JPMorgan
Subscribe for More Information
06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
Subscribe for More Information
February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
Subscribe for More Information
11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
Subscribe for More Information
09:04 EDTVRTXVertex data likely to show lung function improvement, says JMP Securities
Subscribe for More Information
08:19 EDTMUMicron profitability can improve meaningfully, says Bernstein
Subscribe for More Information
07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
Subscribe for More Information
07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
Subscribe for More Information
06:32 EDTICEBATS Global Markets to replace CEO ahead of possible IPO, WSJ says
Subscribe for More Information
06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
Subscribe for More Information
February 17, 2015
17:13 EDTMUPoint72 gives quarterly update on stakes
Subscribe for More Information
12:12 EDTGOOGAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
10:31 EDTGOOGApple rises as analysts applaud reported auto ambitions
Subscribe for More Information
10:00 EDTMUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:56 EDTMUMicron rises, levels to watch
Subscribe for More Information
08:50 EDTGOOGGoogle launches Chinese YouTube channel for app developers, TechCrunch says
Subscribe for More Information
07:41 EDTMUMicron price target raised to $45 from $42 at Jefferies
Subscribe for More Information
07:10 EDTMUMicron upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Micron to Outperform with a $40 price target based on expectations memory medium-term pricing trends will remain stable given structural supply constraints, which could result in $5B in free-cash-flow in CY16.
February 16, 2015
21:34 EDTWIXWix.com management to meet with JPMorgan
Meetings to be held in Houston/Kansas City on February 17 and in Minneapolis on February 18 hosted bu JPMorgan.
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