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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:28 EDTFB, NBR, BBBY, NFLX, MLHR, GOOG, BCS, GPRO, SCS, CJES, IRM, TWTROn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after a report showed that consumer spending in the U.S. rose less than expected in May. Stocks began the day in quiet fashion as the averages opened just below the flat line, but the market began to drift lower and eventually gained momentum to the downside, pushing the Dow to a triple digit loss. The market began to pare its losses by mid-morning but has still not been able to come back entirely from its early weakness. ECONOMIC EVENTS: In the U.S., initial jobless claims in the third week of June came in at 312k, which was a hair above the 310K forecast. Personal income rose 0.4% in May, matching expectations, but consumer spending grew only 0.2%, missing the forecast for 0.4% growth. COMPANY NEWS: Shares of Barclays (BCS) trading in New York plunged nearly 6% after New York's Attorney General announced a lawsuit against the bank arising from the operation of its dark pool and other aspects of its electronic trading division... Outside of its own news, analysts at the U.K. bank initiated coverage on eight large Internet stocks today, recommending shares of Facebook (FB), Google (GOOG) and Twitter (TWTR) while advising against owning Netflix (NFLX). Near noon following the initiations, Netflix fell nearly 1%, Google lost 0.7%, Facebook was little changed, and Twitter advanced 4%... GoPro (GPRO) rose 30% to trade near $31 near noon after the action camera maker priced its initial public offering of stock at $24 a share, which was the high end of its expected range. MAJOR MOVERS: Among the notable gainers was Iron Mountain (IRM), which jumped 19% after its board of directors approved the company’s conversion to a real estate investment trust, or REIT, following the receipt of favorable private letter rulings from the IRS. Also higher was Nabors (NBR), which rose 7% and was upgraded to Neutral from Sell at Guggenheim after agreeing to combine its completion and production services businesses in the U.S. and Canada with C&J Energy Services (CJES). Among the noteworthy losers was home furnishings retailer Bed Bath & Beyond (BBBY), which fell 8.5% near noon after the company's first quarter results and second quarter profit outlook missed analysts' consensus estimates. Earlier in the session, the stock hit a fresh 52-week low of $54.95. Also lower following their earnings reports were office furnishings providers Steelcase (SCS), which fell 14%, and Herman Miller (MLHR), which dropped nearly 7%. INDEXES: Near midday, the Dow was down 77.66, or 0.46%, to 16,789.85, the Nasdaq was down 16.56, or 0.38%, to 4,363.19, and the S&P 500 was down 8.35, or 0.43%, to 1,951.18.
News For NFLX;TWTR;GPRO;BBBY;IRM;BCS;NBR;CJES;GOOG;FB;SCS;MLHR From The Last 14 Days
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August 20, 2015
11:16 EDTFB, NFLXStocks with call strike movement; FB NFLX
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11:12 EDTTWTRStocks with call strike movement; MU TWTR
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10:32 EDTFBFacebook August calls active
Facebook August 94 & 95 calls are active on total call volume of 84K contracts (36K puts). August call option implied volatility is at 41, August weekly is at 33, September is at 30; compared to its 52-week range of 20 to 48. Active call volume suggests traders taking positions for upside price movement.
10:19 EDTNFLXNetflix may test uptrend support
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09:36 EDTFBActive equity options trading on open
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09:17 EDTNFLXDisney hit with another downgrade on TV concerns
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07:06 EDTGOOGGoogle loses some user data due to Belgium lightning strike, BBC News reports
Google has lost some data due to a lightning strike in Belgium, BBC News reports. While lightning did not strike the company's data center, the local power grid was struck by lightning four times, and some users' data has been permanently lost as a result. Reference Link
05:56 EDTGOOGGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
16:00 EDTNFLX, TWTR, FBOptions Update; August 19, 2015
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14:18 EDTMLHRHerman Miller files motion against Madison Seating
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13:13 EDTGOOGGoogle says to open YouTube production space in Mumbai 'soon'
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12:00 EDTTWTRTwitter falls, levels to watch
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10:57 EDTNFLXT-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
10:42 EDTGOOGAnalyst increases Google price target by $265, upgrades to buy
Research firm Atlantic Equities upgraded Google (GOOG, GOOGL) to Overweight from Market Weight, saying that it is more upbeat on the company's search business, while YouTube is becoming a major growth driver. Additionally, the search giant's margins look poised to improve, the firm stated. Overweight is Atlantic's equivalent of a buy rating. WHAT'S NEW: Google's second quarter results showed that its search business is weathering the transition to mobile better than expected, Atlantic Equities analyst James Cordwell stated in a note to investors today. Meanwhile, YouTube's revenue, despite growing very quickly, can rise even further since it still accounts for just roughly 5% of global TV viewing outside of China, according to Cordwell. Additionally, the movement of ad dollars from conventional TV to online TV looks set to accelerate, the analyst believes. Furthermore, Google is undertaking initiatives that should cause the amount of money it obtains from each mobile click to rise, the analyst believes. Commenting on the outlook for Google's margins, Cordwell believes that they should be boosted by the cost cuts being undertaken by the company's new CFO. The analyst raised his price target on the company's Class A shares to $825 from $560. PRICE ACTION: In mid-morning trading, Google's common stock rose $2.60 to $658.73 and its Class A shares rose $2.70 to $691.43.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
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09:33 EDTNFLX, TWTR, FBActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
06:53 EDTFB, GOOGDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:25 EDTGOOGGoogle upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst James Cordwell upgraded Google (GOOG, GOOGL) to Overweight and raised his price target for shares to $825 from $560. The search giant closed yesterday down $5.38 to $688.73. Google's YouTube unit "continues to grow very rapidly," while the revenue growth of Google Websites suggests the company is navigating the mobile transition on search better than expected, Cordwell tells investors in a research note. Further, a greater focus on costs by the new CFO is driving improved profitability, a trend that should continue, the analyst argues. Cordwell expects continued outperformance of Google shares.
06:01 EDTNFLXNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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