New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTGEOS, ANN, NKE, RALY, ECYT, WPX, SYMC, GMCROn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages open higher before the Nasdaq quickly reversed lower, with the benchmark S&P 500 and blue-chip Dow joining the tech index in the red late in the session. Volume on each of the major indexes was heavy, with index and stock futures, as well as index and stock options, all set to expire at today's close. Despite today's sell off, each of the averages finished the week with gains larger than 1%. ECONOMIC EVENTS: In the U.S., no notable economic reports were released. COMPANY NEWS: Dow-member Nike (NKE) was the blue-chip index's worst performer, losing $4.06, or 5.12%, to $75.21 after reporting third quarter profit and sales that beat analyst expectations but saying that the devaluation of some developing market currencies will be a "significant drag" on its reported revenue, gross margin and profit in fiscal 2015. The athletic footwear and apparel maker said that excluding forex adjustments, its revenue growth in 2015 should exceed its target range for high-single digit growth... Keurig Green Mountain (GMCR) was scheduled to join the S&P 500 as of today's market close, replacing WPX Energy (WPX), and shares of the coffee maker closed the session down $3.40, or 2.95%, to $112. MAJOR MOVERS: Among the notable gainers was Endocyte (ECYT), up $13.53, or 92.42%, to $28.17 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency issued "positive opinions" for conditional authorizations for its Vynfinit, Folcepri and Neocepri treatments. The company also announced a Phase 2b lung cancer trial met its primary endpoint, and following the news no fewer than three analyst firms increased their price target on the stock. Also higher was Ann Inc (ANN), up $4.82, or 12.95%, to $42.05 after Golden Gate Capital last night disclosed a 9.5% stake in the retailer and said it plans to leverages its retail and equity experience to create value for shareholders. Among the noteworthy losers was Symantec (SYMC), down $2.70, or 12.94%, to $18.20 after the company last night announced it terminated its CEO, Steve Bennett. No fewer than five analysts downgraded shares of the company following the news. Also lower was Geospace Technologies (GEOS), down $11.16, or 15.07%, to $62.89 after the company disclosed in a regulatory that a $29.4M order the company previously said would occur in its third quarter may be postponed following capital concerns at its customer. INDEXES: The Dow was down 28.35, or 0.17%, to 16,302.70, the S&P 500 was down 5.49, or 0.29%, to 1,866.52, and the Nasdaq was down 42.50, or 0.98%, to 4,276.79.
News For NKE;GMCR;ECYT;ANN;SYMC;RALY;GEOS;WPX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
09:04 EDTGMCRSodaStream new systems coming as Keurig Kold launch looms, WSJ says
SodaStream (SODA) is recasting itself as a “sparkling water’’ company in the face of coming competition from the impending launch of Keurig Green Mountain's (GMCR) "Keurig Kold" machine in partnership with Coca-Cola (KO), but its new digital systems, including one that can mix cocktails and another that can make hot or cold drinks, won’t be ready until next year, reported The Wall Street Journal, citing an interview with SodaStream CEO Daniel Birnbaum. With competition also mounting from start-ups, SodaStream is banking on more health-conscious consumers that are cutting back or giving up soda, the report noted. Reference Link
July 29, 2015
08:35 EDTSYMCUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
07:25 EDTGMCRKeurig Green Mountain risk/reward remains compelling, says Susquehanna
Subscribe for More Information
06:01 EDTGMCRStocks with implied volatility above IV index mean; ZNGA GMCR
Subscribe for More Information
July 28, 2015
07:29 EDTWPXSenate Banking, Housing & Urban Affairs Committee to hold a hearing
Subscribe for More Information
07:25 EDTNKENike price target raised to $128 on trade deal potential at Jefferies
Jefferies analyst Edward Plank raised his price target for Nike to $128 to reflect greater likelihood of the Trans-Pacific Partnership becoming law. The elimination of Vietnam import tariffs could benefit Nike's margins by up to 400 basis points over time, Plank tells investors in a research note. The recent granting of fast-track authority to President Obama significantly increases the likelihood of the free trade agreement passing, the analyst writes. He keeps a Buy rating on Nike.
July 27, 2015
06:36 EDTNKENike to pay $2.4M to FuelBand customers, AppleInsider reports
Under terms agreed upon in June, Nike (NKE) will pay $2.4M to customers who purchased a FuelBand product anytime between January 19, 2012 and June 17, 2015 to settle a class action suit leveled against itself and Apple (AAPL) in 2013, AppleInsider reports. Apple was named as a defendant in the suit, but holds no responsibility or liability for attorneys' fees or costs, the report says. The plaintiffs alleged that the Fuelband was unable to accurately track calorie burn, steps, and overall activity, the report says. Reference Link
July 24, 2015
10:00 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
Subscribe for More Information
July 23, 2015
11:32 EDTSYMCIT security stocks climb after Fortinet, F5 beat expectations
Subscribe for More Information
July 21, 2015
10:01 EDTGMCROn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:07 EDTSYMCONUG: Yahoo hires VP of global network from Symantec
Subscribe for More Information
05:57 EDTGMCRStocks with implied volatility above IV index mean; CMG GMCR
Subscribe for More Information
July 20, 2015
16:40 EDTGMCRKeurig Green Mountain initiated with a Neutral at Sterne Agee CRT

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