New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For RAD;ORCL;NYX;FOLD;GOOG;ELOQ;KMX;ARRS;ICE;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 | 5 | all recent news | >>
June 18, 2015
15:27 EDTKMXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include CarMax (KMX), consensus 86c...KB Home (KBH), consensus 8c.
15:05 EDTORCLOracle hires David Donatelli to lead Converged Infrastructure
Subscribe for More Information
13:02 EDTGOOGWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
12:34 EDTORCLOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in positive territory and continued to tack on gains throughout the morning. The move has been broad based, with each of the major averages gaining at least 1%. The move may be reflecting investors feeling a sense of relief following yesterday’s FOMC meeting, after which the central bank repeated its promise to be gradual in raising rates, without specifying when rate "lift-off" will commence. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states are set to meet today, but expectations for progress on Greece are low. Also, the Norwegian central bank cut interest rates to a record low, while the Swiss National Bank kept its deposit rate at record lows as well. In Asia, the Shanghai composite index tumbled 3.7% overnight, doubling its weekly decline to 7.4% and increasing fears that a bubble in the nation's stock market may be preparing to burst. COMPANY NEWS: Shares of enterprise software, hardware and IT services provider Oracle (ORCL) dropped 7% after the company reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter. Analysts at several firms, including Susquehanna, Wells Fargo and Cantor, suggested the post-earnings drop may be a buying opportunity, citing progress in the company's cloud efforts... Fitness tracker maker Fitbit (FIT) surged nearly 50% in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, then opened at $30.40 per share, giving it a market value near $6.3B in early trading. Near noon, the stock had pulled back a bit to trade just below $30 per share. MAJOR MOVERS: Among the notable gainers was PBF Energy (PBF), which gained 18% after announcing that its subsidiary has signed a definitive agreement to purchase Chalmette Refining, a joint venture between affiliates of Petroleos de Venezuela and ExxonMobil (XOM). Also higher was BioMarin (BMRN), which rose 13% after the company reported results from a study of BMN-111 in dwarfism and several analysts hiked their price targets on the stock to reflect the increased probability of success for the drug. Among the noteworthy losers following their earnings reports were Bankrate (RATE), which fell 18%, and Jabil Circuit (JBL), which dropped 7%. INDEXES: Near midday, the Dow was up 218.44, or 1.22%, to 18,154.18, the Nasdaq was up 74.96, or 1.48%, to 5,139.84, and the S&P 500 was up 23.57, or 1.12%, to 2,124.01.
12:04 EDTORCL, RADActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
Subscribe for More Information
11:12 EDTGOOGGoogle acquired 'app streaming' startup Agawi last fall, The Information says
Google quietly acquired "app streaming" startup Agawai last fall, The Information reports. The startup's technology lets people access apps on their smartphone without downloading them. Reference Link
10:20 EDTGOOGGoogle in talks for combined Dunnhumby bid, Sky News reports
Google (GOOG) is in talks with buyout firm Permira regarding a possible combined bid for Tesco (TSCDY) unit Dunnhumb, Mark Kleinman of Sky News reports. Reference Link
10:01 EDTMDRXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:44 EDTRADRite Aid falls, levels to watch
Subscribe for More Information
09:36 EDTKMXCarMax management to meet with Oppenheimer
Meeting to be held in Boston on June 25 hosted by Oppenheimer.
09:35 EDTORCL, RADActive equity options trading on open
Subscribe for More Information
09:04 EDTRAD, ORCLOn The Fly: Pre-market Movers
Subscribe for More Information
08:19 EDTORCLOracle weakness a buying opportunity, says Susquehanna
Susquehanna said investors should be buying Oracle on weakness following its missed Q4 results. The firm cited its cloud revenue and bookings, which beat expectations, and the company's guidance for cloud revenue acceleration. Susquehanna reiterated its Positive rating and $50 price target on Oracle shares.
08:04 EDTGOOGGoogle accelerating pace of cloud product innovation, says Baird
Subscribe for More Information
07:29 EDTORCLOracle cloud growth positive over the long-term, says Wells Fargo
After Oracle reported weaker than expected Q4 results, Wells Fargo says that the rapid growth in Oracle's cloud subscriptions is probably pressuring the company's financial results, but that the trend should ultimately improve its results over the longer term. The firm expects estimates for the company's performance over the next two years to be cut, but it keeps an Outperform rating on the shares.
07:05 EDTORCLOracle building strong growth foundation, says Cantor
Subscribe for More Information
07:04 EDTRADRite Aid cuts FY16 EPS view to 14c-22c from 19c-27c
Subscribe for More Information
07:01 EDTRADRite Aid reports Q1 EPS 2c including items, consensus 3c
EPS includes 2c on an after-tax basis, incurred in connection with the company’s pending acquisition of EnvisionRx. These incremental costs were partially offset by an increase in Adjusted EBITDA. Reports Q1 revenue $6.6B, consensus $6.65B. Reports Q1 SSS up 2.9%, consisting of a 0.6% increase in front-end sales and a 3.9% increase in pharmacy sales.
06:48 EDTGOOGGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
Subscribe for More Information
06:19 EDTGOOGGoogle, Ingenico Group team up to facilitate cross-border e-commerce
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 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