New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 4, 2014
16:30 EDTNFLX, AMZN, FB, GRUB, SNX, APC, SYMC, HALOOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower, with the Nasdaq leading the way lower, losing more than 2.5% as a number of momentum stocks in the technology and biotech space continued to see losses as they have over much of the last month of trade. After a quiet open to the session following a slightly better-than-expected U.S. jobs report, selling took hold and did not relent, as the averages finished the session just off their worst levels. ECONOMIC EVENTS: In the U.S., the Department of Labor's monthly jobs report showed nonfarm payrolls increased 192K in March, versus the consensus forecast for 200K job additions. Notably, February's job gain was revised up to 197K from the prior estimate of 175K and January war revised up to 144K from 129K. The unemployment rate in March was steady at 6.7%. COMPANY NEWS: A number of tech names that had been leaders during 2013's rally continued to face selling pressure, as they have for much of the last month or so of trade. Streaming internet video service Netflix (NFLX), which gained more than 300% in 2013, fell $17.38, or 4.90%, to $337.31. Other tech leaders, including Amazon (AMZN), down $10.62, or 3.18%, to $323.00, and Facebook (FB), down $2.74, or 4.61%, to $56.75 also lost ground, with both stock's now down more than 20% from their best levels reached earlier this year... Four new stocks made their debuts on the New York Stock Exchange and Nasdaq this morning, highlighted by the initial public offering of food delivery service GrubHub (GRUB), which gained $8.00, or 30.77%, to close at $34.00 in its first day of trade. MAJOR MOVERS: Among the notable gainers was SYNNEX (SNX), up $14.52, or 23.26%, to $76.94 after the company's first quarter results and second quarter outlook topped analysts' consensus estimates. Also higher was Anadarko Petroleum (APC), up $2.03, or 2.05%, to $101.05 to add to yesterday's gain after finalizing a settlement related to its case with Tronox (TROX). A number of analyst firms were positive on shares following the settlement, with no fewer than four firms raising their price targets while analysts at JPMorgan upgraded the stock to Overweight from Underweight. Also higher was Symantec (SYMC), up 22c, or 1.10%, to $20.25 after a report from Reuters said the company has been seeking advice from investment banks as it prepares to defend itself against potential involvement from activist investors. Also lower was Halozyme (HALO), down $3.16, or 27.26%, to $8.43 after an independent committee recommended it temporarily halt patient enrollment and dosing of a Phase 2 trial evaluating a drug in patients with pancreatic cancer. INDEXES: The Dow was down 159.84, or 0.96%, to 16,412.71; the S&P 500 was down 23.68, or 1.25%, to 1,865.09; the Nasdaq was down 110.02, or 2.60%, to 4,127.73.
News For NFLX;AMZN;FB;GRUB;SNX;APC;SYMC;HALO 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 | 10 | all recent news | >>
October 16, 2014
10:23 EDTAMZNAmazon.com breaks below $300, levels to watch
Shares have broken psychologically important support at $300, last at $299.59. At that price, next support is at $296.76. Resistance is at $305.01.
10:01 EDTNFLXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
10:01 EDTNFLXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
10:00 EDTSNXSYNNEX management to meet with Needham
Subscribe for More Information
09:39 EDTNFLX, FBActive equity options trading on open
Subscribe for More Information
09:26 EDTNFLXNetflix long-term growth intact, says BTIG
BTIG would not sell Netfix and said issues are short-term and that long-term growth is intact. The analyst said content quality is ramping and the company has an underappreciated technology lead of incumbent media peers and is able to produce content an a far more efficient, global scale, increasing its international expansion opportunities. Shares are Buy rated
09:23 EDTNFLXOn The Fly: Pre-market Movers
Subscribe for More Information
09:21 EDTNFLXNetflix core competitive advantages appear intact, says Pacific Crest
After Netflix reported Q3 results that Pacific Crest views as weak, the firm thinks the company's core competitive advantages appear to be intact. The firm believes that the company has much growth and profit potential remaining. It cut its price target on the name to $490 from $530 but keeps an Outperform rating on the shares.
08:06 EDTAMZNAlmunia says political pressure around Google case 'unprecented,' WSJ reports
Subscribe for More Information
07:58 EDTNFLXNetflix weakness a buying opportunity, says RW Baird
Subscribe for More Information
07:23 EDTNFLXFutures suggest market plunge
Subscribe for More Information
07:19 EDTNFLXNetflix new content can 'reinvigorate' growth, says JPMorgan
Subscribe for More Information
07:16 EDTNFLXNetflix shares should be bought on weakness, says RBC Capital
Subscribe for More Information
07:04 EDTNFLXNetflix price target lowered to $415 from $500 at Cantor
Cantor cut its price target on Netflix after the company reported lower than expected Q3 subscriber growth and provided lower than expected Q4 subscriber guidance. However, the firm keeps a Buy rating on the shares, citing the ongoing shift to Internet TV and Netflix's strong position in that segment.
06:39 EDTNFLXNetflix October volatility elevated into disappointing Q3
Subscribe for More Information
06:26 EDTNFLXNetflix price target lowered to $364 from $453 at Citigroup
Subscribe for More Information
06:20 EDTNFLXNetflix downgraded to Fair Value from Buy at CRT Capital
CRT Capital downgraded Netflix to Fair Value and reduced its price target to $375 from $510 following disappointing Q3 results. The analyst said Netflix invests heavily in content and expansion, faces increasing competition, and lack s enough near-term catalysts to move shares.
06:00 EDTNFLXNetflix upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Netflix to Hold with a $300 price target citing a more favorable risk/reward following the post-earnings sell-off.
05:52 EDTNFLXNetflix price target lowered to $345 from $434 at Piper Jaffray
Subscribe for More Information
05:22 EDTAMZNAmazon.com to add 80,000 seasonal jobs
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 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