New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
12:27 EDTKMX, ARRS, ICE, MDRX, RAD, ORCL, NYX, FOLD, GOOG, ELOQOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as investors appear to be in a holding pattern until more clarity on the fiscal cliff emerges. A number of domestic economic reports were released throughout the morning, including weekly jobless claims data, the leading economic indicators, and the final revision to third quarter GDP, but market participants remain fixated on the cliff negotiations in Washington, leaving the averages to drift... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 17,000 to 361,000, versus expectations for a climb to 360,000. Third-quarter GDP growth was revised up to 3.1% from the prior 2.7% estimate, beating expectations for a more modest upward revision to 2.8%. The Philadelphia Fed Manufacturing survey for December had a reading of +8.1, versus the expected -3.0. The index of U.S. leading indicators fell 0.2% in November, which matched the consensus forecast. Existing home sales were up 5.9% from the prior month to a seasonally adjusted annual rate of 5.04M units in November, beating expectations. A separate report said home prices edged up 0.5% on a seasonally adjusted basis from September to October, which was also more than expected. In Asia, the Bank of Japan expanded its asset-purchase program by Y10T, or over 10%, to Y101T... COMPANY NEWS: Acquisitions in the financial and tech industries sent two stocks up over 30%. IntercontinentalExchange (ICE) agreed to acquire NYSE Euronext (NYX) in a stock-and-cash transaction currently valued at $33.12, sending shares of NYSE up 33% to $32.01 and IntercontinentalExchange shares down fractionally. Also, Oracle (ORCL) struck a deal to buy Eloqua (ELOQ), a provider of cloud-based software, for $23.50 per share, sending Eloqua's stock up 31% to $23.51... Google (GOOG) agreed to sell its Motorola Home Business for $2.35B in cash and stock to ARRIS Group (ARRS). Google shares moved fractionally higher, while ARRIS' stock jumped nearly 5%... MAJOR MOVERS: Among the notable gainers were Rite Aid (RAD), up over 15%, and CarMax (KMX), up nearly 9%, following their quarterly reports. Among the noteworthy losers was Amicus Theraputics (FOLD), down about 45% after Leerink cut its price target on shares and Capstone downgraded the stock following the failure of its study of a therapy for Fabry disease. Also lower were shares of Allscripts (MDRX), which fell almost 14% after its evaluation of strategic alternatives ended without a sale and its CEO stepped down... INDICES: Near noon, the Dow was down 15.36, or 0.12%, to 13,236.61; the Nasdaq was down 4.53, or 0.15%, to 3,039.83; and the S&P 500 was up 0.31, or 0.02%, to 1,436.12.
News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX 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 | >>
July 22, 2015
06:15 EDTGOOGGoogle's updated Glass to be foldable, more weather-resistant, 9to5Google says
Subscribe for More Information
06:08 EDTGOOGSony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
05:29 EDTGOOGStocks with implied volatility below IV index mean; WMB GOOG
Subscribe for More Information
July 21, 2015
19:09 EDTGOOGYahoo CEO sees Q3 pressure on revenue ex-TAC and adjusted EBITDA
Speaking on the company's Q2 earnings conference call, Yahoo (YHOO) CEO Marissa Mayer said she is "pleased" with momentum in display business, adding that the company will continue to focus on sustaining GAAP revenue growth while striving to grow adjusted EBITDA. She noted search clicks were up 13% for the quarter, and mobile user base was up 14%. Mayer cautioned that the Gemini search platform will see pricing pressure and reduced revenue per search in the near-term as Yahoo optimizes the service. She said she expects "some" pressure in Q3 including pressure on revenue ex-TAC and adjusted EBITDA, and remarked separately that Yahoo has been investing "modestly" over the past two years in algorithmic and paid search technologies. Finally, Mayer declined to speculate on any future agreements with Google (GOOG). CFO Ken Goldman said the company's "highest priority" is to execute the Alibaba (BABA) spinoff this year. Goldman also noted that Yahoo's board of directors and management team have met with advisors to review alternatives with regards to Yahoo Japan, but had no specific conclusion to share.
14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
Subscribe for More Information
14:02 EDTGOOGYouTube pulls Streamus app, Variety reports
Subscribe for More Information
13:33 EDTGOOGGoogle acquires Pixate, terms not disclosed
Subscribe for More Information
12:59 EDTGOOGEarnings Watch: Tax questions linger into Yahoo Q2 report
Subscribe for More Information
09:06 EDTGOOGADT Corp. announces partnership with Nest Labs
Subscribe for More Information
07:45 EDTGOOGSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
07:36 EDTGOOGGoogle shutting down Google+ Photos beginning August 1
Google said in a blog post, "In May, we launched Google Photos as the home for all your photos and videos. With Google Photos you can store unlimited high quality photos and videos for free, find photos fast, and see them organized by what matters to you. Plus, you can bring moments to life and share anywhere with anyone. In an effort to ensure everyone has the best photos experience we can deliver, on August 1st we’ll start to shut down Google+ Photos -- initially on Android, and soon thereafter on the Web and iOS. If you’re still using Google+ Photos, now is a great time to make the switch. You may have seen a prompt in Google+ Photos on Android with a link to download the new Google Photos. Don’t worry, all your photos and videos will still be saved and available after you switch to the new, stand-alone Google Photos app. With the new app you’ll still be able to backup, edit, and share your photos and videos, with unlimited storage, automatic organization, and more." Reference Link
07:15 EDTORCLOracle management to meet with Deutsche Bank
Subscribe for More Information
06:19 EDTGOOGSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
Subscribe for More Information
05:34 EDTGOOGPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
13:40 EDTGOOGFormer Google Glass exective to become Evernote's new CEO, Re/code reports
Subscribe for More Information
08:31 EDTGOOGGoogle Class A price target raised to $850 from $675 at Argus
Subscribe for More Information
07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
06:12 EDTGOOGStocks with implied volatility below IV index mean; GOOG WMB
Subscribe for More Information
06:10 EDTGOOGYouTube advertisers surge 40% over past year, FT reports
The number of advertisers on Google's YouTube has increased more than 40% in the past year, the Financial Times reports. YouTube said that advertisers from the top 100 brands, ranked by Interbrand, were spending 60% more on advertising than last year, the report says. The website does not disclose revenue figures, but certain data show that it is benefiting from a surge in demand for digital video advertising as millennials spend more time on the site, the report says. Reference Link
July 19, 2015
16:14 EDTGOOGGoogle to build home services platform, Re/code says
Subscribe for More Information
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