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News Breaks | | | | June 20, 2012 | | 16:20 EDT |  | FSII, TSLA, LPSN, PG, IDIX | On The Fly: Closing Wrap
Stocks on Wall Street were mixed after the Fed took modest action but provided a downbeat forecast for U.S. growth. Stocks began the day in positive territory but the rise lasted only a short time. The market gave up its gains and sat near the flat line ahead of the announcement following the FOMC meeting. There was little else for investors to do but wait and hope for a positive statement from the Fed. When the Fed said it would expand "Operation Twist" through the end of the year but did not take other quantitative easing actions, the knee-jerk reaction was for the market to sell off. The sell off lasted only a short time before the averages recovered and retook the flat line. The market then drifted for the remainder of the session and ended nearly flat, despite the Fed lowering their projections for U.S. economic growth through 2014… ECONOMIC EVENTS: In the U.S., the Federal Open Market Committee left rates unchanged and extended "Operation Twist" by $267B through the end of the year. Regarding the economy, the Fed again said the economy expanded at a moderate pace, but said growth in employment has slowed and that household spending is rising at a "somewhat slower pace." The Fed lowered its growth forecast for this year and next and raised its forecast for the unemployment rate. In Europe, reports indicated that German Chancellor Angela Merkel said that bond purchases by the EU's bailout fund could be a possibility... COMPANY NEWS: Procter & Gamble (PG) shares weighed on the Dow, falling $1.82, or 2.93%, to $60.39, after the company lowered its earnings view again after cutting it in April. The company cited unfavorable foreign exchange rates and continued economic headwinds in the U.S. and Europe... MAJOR MOVERS: Among the notable gainers were Idenix (IDIX), up $1.34, or 14.30%, to $10.71, after announcing positive clinical data on studies of two development stage drugs, and Tesla Motors (TSLA), up $1.69, or 5.27%, to $33.78, after Goldman Sachs raised its price target on shares to $50 from $36. Among the noteworthy losers were FSI International (FSII), down 83c, or 18.69%, to 3.61, after announcing Q4 revenue guidance that was below consensus, and LivePerson (LPSN), down $1.46, or 7.75%, to $17.37, after being downgraded to Neutral from Buy at Janney Capital… INDICES: The Dow lost 12.94, or 0.10%, to 12,824.39; the Nasdaq rose 0.69, or 0.02%, to 2,930.45; and the S&P 500 dropped 2.29, or 0.17%, to 1,355.69. | |
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News For PG;IDIX;TSLA;FSII;LPSN From The Last 14 Days Check below for free stories on PG;IDIX;TSLA;FSII;LPSN the last two weeks. |
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| May 23, 2013 | | 11:37 EDT |  | TSLA | Options with decreasing implied volatility: WCRX CBST NTI BBY TSLA
| | | 10:30 EDT |  | LPSN | LivePerson authorized for $10M in additional share repurchases
 Subscribe for More Information | | | 10:22 EDT | | TSLA | Tesla Motors volatility stays elevated
Subscribe for More Information | | | 09:35 EDT |  | TSLA | Tesla hits relative new lows, levels to watch
Subscribe for More Information | | | 08:14 EDT |  | PG | Carter's
Global Consumer Products Analysts discuss the possibility of China retiring the one-child policy within the year and potential implications for consumer products on an Analyst/Industry conference call. Relevant covered companies JNJ, PG, PFE, ABT, KMB, MJN and CRI which may be impacted and discussed on the Analyst/Industry conference call to be held on May 23 at 10 am. | | | May 22, 2013 | | 16:20 EDT | | TSLA | Tesla repays U.S. vehicle loan in conjunction with closing of securities offer
Subscribe for More Information | | | 16:00 EDT | | TSLA | Options Update; May 22, 2013
Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT | | TSLA | Options Update; May 21, 2013
Subscribe for More Information | | | 11:41 EDT | | TSLA | Options with decreasing implied volatility: SGMO WCRX NTI TSLA AMRN
| | | 09:55 EDT | | PG | CAO Group refutes patent suit from Procter & Gamble
CAO Group, a dental company, refutes lawsuit claims by Procter & Gamble and affirms that the advanced technology applied to its treatment film products, including Sheer White, Sheer DesenZ and Sheer FluorX for teeth whitening, desensitizing, and fluoride treatment, respectively, is its own intellectual property, the company announced. CAO said it believes that its products do not infringe any of P&G asserted patents and that the lawsuit was filed without any merit. | | | | 09:42 EDT | | TSLA | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 08:36 EDT |  | TSLA | Tesla has held talks about bringing automobiles to Israel, Calcalist says
An Israeli auto company has spoken with Tesla (TSLA) about bringing the American automaker's products to Israel, according to Hebrew website Calcalist. Representatives from Tesla and the Israeli company have met to discuss the matter in recent months, the website stated. Reference Link | | | 08:28 EDT | | TSLA | Tesla Motors May weekly volatility at 97, July at 57 on wide price movement
Subscribe for More Information | | | 07:34 EDT | | IDIX | UBS to host a conference
Subscribe for More Information | | | May 20, 2013 | | 17:39 EDT | | TSLA | Tesla CEO Musk says Supercharger update will be next week
In a post on his Twitter account, Tesla CEO Elon Musk said that given the government loan repayment this week, probably on Wednesday, a Supercharger update will be next week. Reference Link | | | 16:02 EDT | | TSLA | Options Update; May 20, 2013
Subscribe for More Information | | | 11:56 EDT | | TSLA | Options with decreasing implied volatility: SGMO WCRX TSLA CSC SUPN
| | | 09:40 EDT | | TSLA | Active equity option families trading
Subscribe for More Information | | | 09:31 EDT | | PG | Procter & Gamble files infringement suit against CAO Group
Procter & Gamble filed a lawsuit on May 20 in the Southern District of Ohio against CAO Group, a manufacturer and distributor of dental products. The lawsuit alleges that CAO Group is violating P&G's intellectual property by manufacturing and selling its "Sheer White," "Sheer FluorX," and "Sheer DesenZ" products. The unauthorized use of patented technology is prohibited by law. P&G is suing CAO Group in order to protect its investment in its technology and its Crest Whitestrips business. | | | 07:42 EDT | | PG | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | |
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